CM.TO vs. CTC-A.TO
CM.TO (Canadian Imperial Bank of Commerce) and CTC-A.TO (Canadian Tire Corporation Ltd) are both stocks. CM.TO operates in Banks - Diversified (Financial Services), while CTC-A.TO operates in Specialty Retail (Consumer Cyclical). Over the past 10 years, CM.TO returned 20.73%/yr vs 6.08%/yr for CTC-A.TO. At a 0.36 correlation, their price movements are largely independent.
Performance
CM.TO vs. CTC-A.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CM.TO achieves a 23.94% return, which is significantly higher than CTC-A.TO's 5.08% return. Over the past 10 years, CM.TO has outperformed CTC-A.TO with an annualized return of 20.73%, while CTC-A.TO has yielded a comparatively lower 6.08% annualized return.
CM.TO
- 1D
- 0.71%
- 1M
- 1.58%
- YTD
- 23.94%
- 6M
- 24.38%
- 1Y
- 68.16%
- 3Y*
- 45.63%
- 5Y*
- 22.94%
- 10Y*
- 20.73%
CTC-A.TO
- 1D
- 0.29%
- 1M
- -6.12%
- YTD
- 5.08%
- 6M
- 7.04%
- 1Y
- 5.22%
- 3Y*
- 6.94%
- 5Y*
- 1.58%
- 10Y*
- 6.08%
CM.TO vs. CTC-A.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CM.TO Canadian Imperial Bank of Commerce | 23.94% | 42.31% | 49.56% | 23.83% | -20.89% | 47.75% | 13.88% | 18.19% | -8.64% | 22.50% |
CTC-A.TO Canadian Tire Corporation Ltd | 5.08% | 20.07% | 12.82% | 3.76% | -19.20% | 11.26% | 24.13% | 0.73% | -11.01% | 19.72% |
Correlation
The correlation between CM.TO and CTC-A.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2006 | 0.36 |
The correlation between CM.TO and CTC-A.TO shifts across timeframes, from 0.24 (1 year) to 0.37 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CM.TO:
CA$141.37B
CTC-A.TO:
CA$9.49B
CM.TO:
CA$10.53
CTC-A.TO:
CA$11.14
CM.TO:
14.52
CTC-A.TO:
16.08
CM.TO:
1.79
CTC-A.TO:
0.31
CM.TO:
2.68
CTC-A.TO:
0.59
CM.TO:
2.42
CTC-A.TO:
1.63
CM.TO:
CA$53.25B
CTC-A.TO:
CA$16.43B
CM.TO:
CA$28.73B
CTC-A.TO:
CA$5.41B
CM.TO:
CA$13.01B
CTC-A.TO:
CA$2.09B
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Return for Risk
CM.TO vs. CTC-A.TO — Risk / Return Rank
CM.TO
CTC-A.TO
CM.TO vs. CTC-A.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Imperial Bank of Commerce (CM.TO) and Canadian Tire Corporation Ltd (CTC-A.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.
| CM.TO | CTC-A.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.67 | ||
| Sortino ratioReturn per unit of downside risk | +4.33 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.07 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 7.52 | 0.32 | +7.20 |
| Martin ratioReturn relative to average drawdown | 27.92 | 0.62 | +27.29 |
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
| CM.TO | CTC-A.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.92 | 0.24 | +3.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.27 | 0.07 | +1.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.05 | 0.24 | +0.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.30 | +0.43 |
Drawdowns
CM.TO vs. CTC-A.TO - Drawdown Comparison
The maximum CM.TO drawdown since its inception was -58.49%, roughly equal to the maximum CTC-A.TO drawdown of -58.16%. Use the drawdown chart below to compare losses from any high point for CM.TO and CTC-A.TO.
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Drawdown Indicators
| CM.TO | CTC-A.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.49% | -58.16% | -0.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -16.35% | +7.24% |
Max Drawdown (3Y)Largest decline over 3 years | -16.57% | -29.70% | +13.13% |
Max Drawdown (5Y)Largest decline over 5 years | -35.43% | -30.90% | -4.53% |
Max Drawdown (10Y)Largest decline over 10 years | -40.02% | -58.16% | +18.14% |
Current DrawdownCurrent decline from peak | -4.86% | -9.88% | +5.02% |
Average DrawdownAverage peak-to-trough decline | -9.29% | -15.97% | +6.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 8.41% | -5.96% |
Volatility
CM.TO vs. CTC-A.TO - Volatility Comparison
Canadian Imperial Bank of Commerce (CM.TO) and Canadian Tire Corporation Ltd (CTC-A.TO) have volatilities of 7.78% and 7.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CM.TO | CTC-A.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 7.54% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 14.51% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.53% | 21.72% | -4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 22.06% | -3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.92% | 25.87% | -5.95% |
Dividends
CM.TO vs. CTC-A.TO - Dividend Comparison
CM.TO's dividend yield for the trailing twelve months is around 2.67%, less than CTC-A.TO's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CTC-A.TO Canadian Tire Corporation Ltd | 3.99% | 4.08% | 4.63% | 4.90% | 4.13% | 2.59% | 2.72% | 2.97% | 2.52% | 1.59% | 1.67% | 1.79% |
Financials
CM.TO vs. CTC-A.TO - Financials Comparison
This section allows you to compare key financial metrics between Canadian Imperial Bank of Commerce and Canadian Tire Corporation Ltd. 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
CM.TO vs. CTC-A.TO - Profitability Comparison
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%.
CTC-A.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Canadian Tire Corporation Ltd reported a gross profit of 1.21B and revenue of 3.57B. Therefore, the gross margin over that period was 34.0%.
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%.
CTC-A.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Canadian Tire Corporation Ltd reported an operating income of 254.30M and revenue of 3.57B, resulting in an operating margin of 7.1%.
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%.
CTC-A.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canadian Tire Corporation Ltd reported a net income of 107.00M and revenue of 3.57B, resulting in a net margin of 3.0%.
Frequently Asked Questions
CM.TO and CTC-A.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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