CBSH vs. ITW
CBSH (Commerce Bancshares, Inc.) and ITW (Illinois Tool Works Inc.) are both stocks. CBSH operates in Banks - Regional (Financial Services), while ITW operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, CBSH returned 8.99%/yr vs 11.95%/yr for ITW. At a 0.36 correlation, their price movements are largely independent.
Performance
CBSH vs. ITW - Performance Comparison
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Returns By Period
In the year-to-date period, CBSH achieves a 12.71% return, which is significantly higher than ITW's 10.49% return. Over the past 10 years, CBSH has underperformed ITW with an annualized return of 8.99%, while ITW has yielded a comparatively higher 11.95% annualized return.
CBSH
- 1D
- 0.17%
- 1M
- 5.97%
- 6M
- 9.55%
- YTD
- 12.71%
- 1Y
- -4.45%
- 3Y*
- 13.21%
- 5Y*
- 1.99%
- 10Y*
- 8.99%
ITW
- 1D
- 1.25%
- 1M
- 6.28%
- 6M
- 6.67%
- YTD
- 10.49%
- 1Y
- 6.12%
- 3Y*
- 4.75%
- 5Y*
- 5.87%
- 10Y*
- 11.95%
CBSH vs. ITW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBSH Commerce Bancshares, Inc. | 12.71% | -10.16% | 24.71% | -15.91% | 5.56% | 11.44% | 3.71% | 28.74% | 7.52% | 3.07% |
ITW Illinois Tool Works Inc. | 10.49% | -0.43% | -0.97% | 21.56% | -8.46% | 23.60% | 16.42% | 45.60% | -22.10% | 38.92% |
Correlation
The correlation between CBSH and ITW is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 1987 | 0.36 |
The correlation between CBSH and ITW shifts across timeframes, from 0.36 (all time) to 0.52 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CBSH:
$8.51B
ITW:
$77.34B
CBSH:
$4.16
ITW:
$16.16
CBSH:
14.04
ITW:
16.64
CBSH:
5.65
ITW:
2.76
CBSH:
3.86
ITW:
3.21
CBSH:
$2.10B
ITW:
$16.22B
CBSH:
$1.31B
ITW:
$7.16B
CBSH:
$614.94M
ITW:
$4.61B
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Return for Risk
CBSH vs. ITW — Risk / Return Rank
CBSH
ITW
CBSH vs. ITW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Commerce Bancshares, Inc. (CBSH) and Illinois Tool Works Inc. (ITW). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CBSH | ITW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.06 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 0.30 | -0.53 |
| Martin ratioReturn relative to average drawdown | -0.37 | 0.61 | -0.98 |
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Drawdowns
CBSH vs. ITW - Drawdown Comparison
The maximum CBSH drawdown since its inception was -44.70%, smaller than the maximum ITW drawdown of -54.90%. Use the drawdown chart below to compare losses from any high point for CBSH and ITW.
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Drawdown Indicators
| CBSH | ITW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.70% | -54.90% | +10.20% |
Max Drawdown (1Y)Largest decline over 1 year | -23.44% | -17.44% | -6.00% |
Max Drawdown (3Y)Largest decline over 3 years | -27.63% | -20.63% | -7.00% |
Max Drawdown (5Y)Largest decline over 5 years | -38.02% | -28.05% | -9.97% |
Max Drawdown (10Y)Largest decline over 10 years | -38.23% | -37.85% | -0.38% |
Current DrawdownCurrent decline from peak | -10.58% | -9.16% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -9.24% | -9.84% | +0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 8.39% | +6.30% |
Volatility
CBSH vs. ITW - Volatility Comparison
The current volatility for Commerce Bancshares, Inc. (CBSH) is 5.25%, while Illinois Tool Works Inc. (ITW) has a volatility of 6.58%. This indicates that CBSH experiences smaller price fluctuations and is considered to be less risky than ITW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBSH | ITW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 6.58% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 14.09% | 15.99% | -1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.15% | 20.69% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.12% | 21.19% | +2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.38% | 23.77% | +2.61% |
Dividends
CBSH vs. ITW - Dividend Comparison
CBSH's dividend yield for the trailing twelve months is around 1.86%, less than ITW's 2.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBSH Commerce Bancshares, Inc. | 1.86% | 2.03% | 1.67% | 1.95% | 1.50% | 1.47% | 2.00% | 1.48% | 1.61% | 1.55% | 2.93% | 2.04% |
ITW Illinois Tool Works Inc. | 2.40% | 2.53% | 2.29% | 2.07% | 2.30% | 1.91% | 2.17% | 2.30% | 2.81% | 1.71% | 1.96% | 2.23% |
Financials
CBSH vs. ITW - Financials Comparison
This section allows you to compare key financial metrics between Commerce Bancshares, Inc. and Illinois Tool Works Inc.. 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
CBSH vs. ITW - Profitability Comparison
CBSH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Commerce Bancshares, Inc. reported a gross profit of 0.00 and revenue of 475.69M. Therefore, the gross margin over that period was 0.0%.
ITW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Illinois Tool Works Inc. reported a gross profit of 1.76B and revenue of 4.02B. Therefore, the gross margin over that period was 43.8%.
CBSH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Commerce Bancshares, Inc. reported an operating income of 0.00 and revenue of 475.69M, resulting in an operating margin of 0.0%.
ITW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Illinois Tool Works Inc. reported an operating income of 1.02B and revenue of 4.02B, resulting in an operating margin of 25.4%.
CBSH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Commerce Bancshares, Inc. reported a net income of 141.62M and revenue of 475.69M, resulting in a net margin of 29.8%.
ITW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Illinois Tool Works Inc. reported a net income of 768.00M and revenue of 4.02B, resulting in a net margin of 19.1%.
Frequently Asked Questions
CBSH and ITW have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITW has higher volatility (6.58%) compared to CBSH (5.25%). In terms of maximum drawdown, CBSH dropped -44.70% vs ITW's -54.90%.
ITW currently has the higher Sharpe Ratio (0.25 vs -0.26), 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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