BRO vs. CM
BRO (Brown & Brown, Inc.) and CM (Canadian Imperial Bank of Commerce) are both stocks. Both are in the Financial Services sector — BRO in Insurance Brokers, CM in Banks - Diversified. Over the past 10 years, BRO returned 13.27%/yr vs 16.80%/yr for CM. At a 0.29 correlation, their price movements are largely independent.
Performance
BRO vs. CM - Performance Comparison
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Returns By Period
In the year-to-date period, BRO achieves a -26.85% return, which is significantly lower than CM's 21.87% return. Over the past 10 years, BRO has underperformed CM with an annualized return of 13.27%, while CM has yielded a comparatively higher 16.80% annualized return.
BRO
- 1D
- -1.46%
- 1M
- 3.05%
- YTD
- -26.85%
- 6M
- -24.91%
- 1Y
- -47.08%
- 3Y*
- -2.56%
- 5Y*
- 3.04%
- 10Y*
- 13.27%
CM
- 1D
- 0.62%
- 1M
- -0.45%
- YTD
- 21.87%
- 6M
- 23.43%
- 1Y
- 64.86%
- 3Y*
- 43.70%
- 5Y*
- 19.00%
- 10Y*
- 16.80%
BRO vs. CM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRO Brown & Brown, Inc. | -26.85% | -21.37% | 44.32% | 25.73% | -18.39% | 49.31% | 21.06% | 44.67% | 8.30% | 16.15% |
CM Canadian Imperial Bank of Commerce | 21.87% | 49.02% | 37.83% | 27.23% | -25.71% | 42.29% | 9.25% | 19.22% | -19.75% | 26.58% |
Correlation
The correlation between BRO and CM is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 1997 | 0.29 |
Over the past year, the correlation between BRO and CM has dropped to 0.01 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
Fundamentals
BRO:
$4.76
CM:
$12.14
BRO:
12.18
CM:
9.02
BRO:
0.89
CM:
1.11
BRO:
2.18
CM:
1.43
BRO:
$6.43B
CM:
$61.84B
BRO:
$3.82B
CM:
$28.74B
BRO:
$1.51B
CM:
$13.01B
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Return for Risk
BRO vs. CM — Risk / Return Rank
BRO
CM
BRO vs. CM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown & Brown, Inc. (BRO) and Canadian Imperial Bank of Commerce (CM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BRO | CM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.11 | ||
| Sortino ratioReturn per unit of downside risk | -6.78 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 1.58 | -0.90 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 6.04 | -6.98 |
| Martin ratioReturn relative to average drawdown | -1.59 | 24.16 | -25.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BRO | CM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.66 | 3.46 | -5.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.89 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.75 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.50 | 0.00 |
Drawdowns
BRO vs. CM - Drawdown Comparison
The maximum BRO drawdown since its inception was -55.85%, smaller than the maximum CM drawdown of -71.70%. Use the drawdown chart below to compare losses from any high point for BRO and CM.
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Drawdown Indicators
| BRO | CM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.85% | -71.70% | +15.85% |
Max Drawdown (1Y)Largest decline over 1 year | -50.55% | -10.79% | -39.76% |
Max Drawdown (3Y)Largest decline over 3 years | -55.85% | -19.47% | -36.38% |
Max Drawdown (5Y)Largest decline over 5 years | -55.85% | -40.61% | -15.24% |
Max Drawdown (10Y)Largest decline over 10 years | -55.85% | -47.82% | -8.03% |
Current DrawdownCurrent decline from peak | -52.91% | -5.41% | -47.50% |
Average DrawdownAverage peak-to-trough decline | -13.52% | -14.66% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.57% | 2.69% | +26.88% |
Volatility
BRO vs. CM - Volatility Comparison
Brown & Brown, Inc. (BRO) has a higher volatility of 9.52% compared to Canadian Imperial Bank of Commerce (CM) at 7.65%. This indicates that BRO's price experiences larger fluctuations and is considered to be riskier than CM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRO | CM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.52% | 7.65% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 21.90% | 15.89% | +6.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.53% | 18.91% | +9.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.81% | 21.40% | +3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.69% | 22.61% | +1.08% |
Dividends
BRO vs. CM - Dividend Comparison
BRO's dividend yield for the trailing twelve months is around 1.11%, less than CM's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRO Brown & Brown, Inc. | 1.11% | 0.77% | 0.53% | 0.67% | 0.74% | 0.54% | 0.73% | 0.82% | 1.11% | 1.08% | 1.12% | 1.41% |
CM Canadian Imperial Bank of Commerce | 2.71% | 3.17% | 4.21% | 5.88% | 7.77% | 4.08% | 5.06% | 6.47% | 5.48% | 5.28% | 5.93% | 6.71% |
Financials
BRO vs. CM - Financials Comparison
This section allows you to compare key financial metrics between Brown & Brown, Inc. and Canadian Imperial Bank of Commerce. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BRO vs. CM - Profitability Comparison
BRO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported a gross profit of 994.00M and revenue of 1.90B. Therefore, the gross margin over that period was 52.3%.
CM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Canadian Imperial Bank of Commerce reported a gross profit of 7.36B and revenue of 15.22B. Therefore, the gross margin over that period was 48.4%.
BRO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported an operating income of 0.00 and revenue of 1.90B, resulting in an operating margin of 0.0%.
CM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Canadian Imperial Bank of Commerce reported an operating income of 3.20B and revenue of 15.22B, resulting in an operating margin of 21.0%.
BRO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported a net income of 426.00M and revenue of 1.90B, resulting in a net margin of 22.4%.
CM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canadian Imperial Bank of Commerce reported a net income of 2.46B and revenue of 15.22B, resulting in a net margin of 16.1%.
Frequently Asked Questions
BRO and CM have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRO has higher volatility (9.52%) compared to CM (7.65%). In terms of maximum drawdown, BRO dropped -55.85% vs CM's -71.70%.
CM currently has the higher Sharpe Ratio (3.46 vs -1.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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