CERS vs. CM
CERS (Cerus Corporation) and CM (Canadian Imperial Bank of Commerce) are both stocks. CERS operates in Biotechnology (Healthcare), while CM operates in Banks - Diversified (Financial Services). Over the past 10 years, CERS returned -8.07%/yr vs 17.61%/yr for CM. At a 0.20 correlation, their price movements are largely independent.
Performance
CERS vs. CM - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CERS having a 26.21% return and CM slightly higher at 26.85%. Over the past 10 years, CERS has underperformed CM with an annualized return of -8.07%, while CM has yielded a comparatively higher 17.61% annualized return.
CERS
- 1D
- -3.70%
- 1M
- -4.06%
- YTD
- 26.21%
- 6M
- 22.64%
- 1Y
- 94.03%
- 3Y*
- 2.70%
- 5Y*
- -14.53%
- 10Y*
- -8.07%
CM
- 1D
- 2.07%
- 1M
- -1.29%
- YTD
- 26.85%
- 6M
- 25.53%
- 1Y
- 71.46%
- 3Y*
- 46.66%
- 5Y*
- 20.02%
- 10Y*
- 17.61%
CERS vs. CM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CERS Cerus Corporation | 26.21% | 33.77% | -28.70% | -40.82% | -46.40% | -1.59% | 63.98% | -16.77% | 50.00% | -22.30% |
CM Canadian Imperial Bank of Commerce | 26.85% | 49.02% | 37.83% | 27.23% | -25.71% | 42.29% | 9.25% | 19.22% | -19.75% | 26.58% |
Correlation
The correlation between CERS and CM is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 1997 | 0.20 |
The correlation between CERS and CM shifts across timeframes, from 0.20 (all time) to 0.33 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
CERS:
$504.77M
CM:
$77.52B
CERS:
-$0.05
CM:
CA$12.14
CERS:
2.30
CM:
2.11
CERS:
7.39
CM:
1.88
CERS:
$216.56M
CM:
CA$61.84B
CERS:
$114.76M
CM:
CA$28.74B
CERS:
-$2.69M
CM:
CA$13.01B
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Return for Risk
CERS vs. CM — Risk / Return Rank
CERS
CM
CERS vs. CM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cerus Corporation (CERS) 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.
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.
| CERS | CM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.62 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 6.66 | -4.19 |
| Martin ratioReturn relative to average drawdown | 5.71 | 26.04 | -20.34 |
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Drawdowns
CERS vs. CM - Drawdown Comparison
The maximum CERS drawdown since its inception was -99.28%, which is greater than CM's maximum drawdown of -71.70%. Use the drawdown chart below to compare losses from any high point for CERS and CM.
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Drawdown Indicators
| CERS | CM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.28% | -71.70% | -27.58% |
Max Drawdown (1Y)Largest decline over 1 year | -38.32% | -10.79% | -27.53% |
Max Drawdown (3Y)Largest decline over 3 years | -62.21% | -19.47% | -42.74% |
Max Drawdown (5Y)Largest decline over 5 years | -85.37% | -40.61% | -44.76% |
Max Drawdown (10Y)Largest decline over 10 years | -86.45% | -47.82% | -38.63% |
Current DrawdownCurrent decline from peak | -96.77% | -1.54% | -95.23% |
Average DrawdownAverage peak-to-trough decline | -81.40% | -14.65% | -66.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.53% | 2.75% | +13.78% |
Volatility
CERS vs. CM - Volatility Comparison
Cerus Corporation (CERS) has a higher volatility of 15.56% compared to Canadian Imperial Bank of Commerce (CM) at 7.83%. This indicates that CERS'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
| CERS | CM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.56% | 7.83% | +7.73% |
Volatility (6M)Calculated over the trailing 6-month period | 53.96% | 16.03% | +37.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.47% | 19.14% | +56.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.80% | 21.42% | +48.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.20% | 22.62% | +40.58% |
Dividends
CERS vs. CM - Dividend Comparison
CERS has not paid dividends to shareholders, while CM's dividend yield for the trailing twelve months is around 2.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CERS Cerus Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CM Canadian Imperial Bank of Commerce | 2.60% | 3.17% | 4.21% | 5.88% | 7.77% | 4.08% | 5.06% | 6.47% | 5.48% | 5.28% | 5.93% | 6.71% |
Financials
CERS vs. CM - Financials Comparison
This section allows you to compare key financial metrics between Cerus Corporation 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
CERS vs. CM - Profitability Comparison
CERS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cerus Corporation reported a gross profit of 27.89M and revenue of 53.66M. Therefore, the gross margin over that period was 52.0%.
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%.
CERS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cerus Corporation reported an operating income of -354.00K and revenue of 53.66M, resulting in an operating margin of -0.7%.
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%.
CERS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cerus Corporation reported a net income of -1.64M and revenue of 53.66M, resulting in a net margin of -3.1%.
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
CERS and CM have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CERS has higher volatility (15.56%) compared to CM (7.83%). In terms of maximum drawdown, CERS dropped -99.28% vs CM's -71.70%.
CM currently has the higher Sharpe Ratio (3.76 vs 1.26), 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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