CBOE vs. CM.TO
CBOE (Cboe Global Markets, Inc.) and CM.TO (Canadian Imperial Bank of Commerce) are both stocks. Both are in the Financial Services sector — CBOE in Financial Data & Stock Exchanges, CM.TO in Banks - Diversified. Over the past 10 years, CBOE returned 17.38%/yr vs 19.63%/yr for CM.TO. At a 0.11 correlation, their price movements are largely independent.
Performance
CBOE vs. CM.TO - Performance Comparison
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Different Trading Currencies
CBOE is traded in USD, while CM.TO is traded in CAD. To make them comparable, the CM.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CBOE achieves a 12.19% return, which is significantly lower than CM.TO's 21.72% return. Over the past 10 years, CBOE has underperformed CM.TO with an annualized return of 17.38%, while CM.TO has yielded a comparatively higher 19.63% annualized return.
CBOE
- 1D
- -0.56%
- 1M
- -19.41%
- YTD
- 12.19%
- 6M
- 11.21%
- 1Y
- 27.25%
- 3Y*
- 27.99%
- 5Y*
- 21.30%
- 10Y*
- 17.38%
CM.TO
- 1D
- 0.43%
- 1M
- -0.49%
- YTD
- 21.72%
- 6M
- 23.40%
- 1Y
- 64.82%
- 3Y*
- 43.58%
- 5Y*
- 19.52%
- 10Y*
- 19.63%
CBOE vs. CM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBOE Cboe Global Markets, Inc. | 12.19% | 29.96% | 10.74% | 44.37% | -2.16% | 42.23% | -21.17% | 24.16% | -20.60% | 70.49% |
CM.TO Canadian Imperial Bank of Commerce | 21.72% | 49.12% | 37.89% | 26.85% | -25.60% | 47.82% | 16.65% | 23.27% | -15.72% | 31.40% |
Correlation
The correlation between CBOE and CM.TO is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2010 | 0.11 |
The correlation between CBOE and CM.TO shifts across timeframes, from -0.07 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CBOE:
$29.43B
CM.TO:
CA$141.37B
CBOE:
$11.77
CM.TO:
CA$10.53
CBOE:
23.83
CM.TO:
14.52
CBOE:
0.44
CM.TO:
1.79
CBOE:
6.14
CM.TO:
2.68
CBOE:
5.48
CM.TO:
2.42
CBOE:
$4.79B
CM.TO:
CA$53.25B
CBOE:
$2.50B
CM.TO:
CA$28.73B
CBOE:
$1.87B
CM.TO:
CA$13.01B
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Return for Risk
CBOE vs. CM.TO — Risk / Return Rank
CBOE
CM.TO
CBOE vs. CM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cboe Global Markets, Inc. (CBOE) and Canadian Imperial Bank of Commerce (CM.TO). 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.
| CBOE | CM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.63 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 6.16 | -5.06 |
| Martin ratioReturn relative to average drawdown | 5.44 | 24.45 | -19.01 |
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
| CBOE | CM.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 3.66 | -2.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 1.01 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.93 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.60 | +0.06 |
Drawdowns
CBOE vs. CM.TO - Drawdown Comparison
The maximum CBOE drawdown since its inception was -43.23%, smaller than the maximum CM.TO drawdown of -69.60%. Use the drawdown chart below to compare losses from any high point for CBOE and CM.TO.
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Drawdown Indicators
| CBOE | CM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.23% | -69.60% | +26.37% |
Max Drawdown (1Y)Largest decline over 1 year | -24.69% | -10.57% | -14.12% |
Max Drawdown (3Y)Largest decline over 3 years | -24.69% | -19.54% | -5.15% |
Max Drawdown (5Y)Largest decline over 5 years | -24.69% | -41.24% | +16.55% |
Max Drawdown (10Y)Largest decline over 10 years | -43.23% | -44.98% | +1.75% |
Current DrawdownCurrent decline from peak | -23.40% | -5.83% | -17.57% |
Average DrawdownAverage peak-to-trough decline | -11.40% | -12.48% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 2.66% | +2.36% |
Volatility
CBOE vs. CM.TO - Volatility Comparison
Cboe Global Markets, Inc. (CBOE) has a higher volatility of 15.60% compared to Canadian Imperial Bank of Commerce (CM.TO) at 7.79%. This indicates that CBOE's price experiences larger fluctuations and is considered to be riskier than CM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBOE | CM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.60% | 7.79% | +7.81% |
Volatility (6M)Calculated over the trailing 6-month period | 23.74% | 14.98% | +8.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.02% | 17.85% | +9.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.17% | 19.46% | +3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.32% | 21.23% | +4.09% |
Dividends
CBOE vs. CM.TO - Dividend Comparison
CBOE's dividend yield for the trailing twelve months is around 1.03%, less than CM.TO's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBOE Cboe Global Markets, Inc. | 1.03% | 1.08% | 1.21% | 1.18% | 1.56% | 1.38% | 1.68% | 1.12% | 1.19% | 0.83% | 1.30% | 1.36% |
CM.TO Canadian Imperial Bank of Commerce | 2.67% | 3.20% | 4.04% | 5.47% | 7.52% | 8.13% | 10.74% | 10.51% | 10.58% | 8.39% | 8.84% | 9.69% |
Financials
CBOE vs. CM.TO - Financials Comparison
This section allows you to compare key financial metrics between Cboe Global Markets, 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
CBOE vs. CM.TO - Profitability Comparison
CBOE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cboe Global Markets, Inc. reported a gross profit of 669.90M and revenue of 1.27B. Therefore, the gross margin over that period was 52.6%.
CM.TO - 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 15.23B. Therefore, the gross margin over that period was 48.4%.
CBOE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cboe Global Markets, Inc. reported an operating income of 505.60M and revenue of 1.27B, resulting in an operating margin of 39.7%.
CM.TO - 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 15.23B, resulting in an operating margin of 21.0%.
CBOE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cboe Global Markets, Inc. reported a net income of 385.70M and revenue of 1.27B, resulting in a net margin of 30.3%.
CM.TO - 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 15.23B, resulting in a net margin of 16.1%.
Frequently Asked Questions
CBOE and CM.TO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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