CM.TO vs. DOL.TO
CM.TO (Canadian Imperial Bank of Commerce) and DOL.TO (Dollarama Inc.) are both stocks. CM.TO operates in Banks - Diversified (Financial Services), while DOL.TO operates in Discount Stores (Consumer Defensive). Over the past 10 years, CM.TO returned 20.73%/yr vs 20.00%/yr for DOL.TO. At a 0.17 correlation, their price movements are largely independent.
Performance
CM.TO vs. DOL.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 DOL.TO's -12.94% return. Both investments have delivered pretty close results over the past 10 years, with CM.TO having a 20.73% annualized return and DOL.TO not far behind at 20.00%.
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%
DOL.TO
- 1D
- -1.57%
- 1M
- 2.61%
- YTD
- -12.94%
- 6M
- -11.56%
- 1Y
- 1.54%
- 3Y*
- 29.38%
- 5Y*
- 27.68%
- 10Y*
- 20.00%
CM.TO vs. DOL.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% |
DOL.TO Dollarama Inc. | -12.94% | 46.59% | 47.34% | 20.96% | 25.45% | 22.47% | 16.69% | 38.01% | -37.58% | 61.41% |
Correlation
The correlation between CM.TO and DOL.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2009 | 0.17 |
Fundamentals
CM.TO:
CA$141.37B
DOL.TO:
CA$48.97B
CM.TO:
CA$10.53
DOL.TO:
CA$4.74
CM.TO:
14.52
DOL.TO:
37.63
CM.TO:
1.79
DOL.TO:
1.75
CM.TO:
2.68
DOL.TO:
6.79
CM.TO:
2.42
DOL.TO:
33.63
CM.TO:
CA$53.25B
DOL.TO:
CA$7.26B
CM.TO:
CA$28.73B
DOL.TO:
CA$3.13B
CM.TO:
CA$13.01B
DOL.TO:
CA$2.14B
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Return for Risk
CM.TO vs. DOL.TO — Risk / Return Rank
CM.TO
DOL.TO
CM.TO vs. DOL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Imperial Bank of Commerce (CM.TO) and Dollarama Inc. (DOL.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 | DOL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.85 | ||
| Sortino ratioReturn per unit of downside risk | +4.53 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.03 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 7.52 | 0.08 | +7.44 |
| Martin ratioReturn relative to average drawdown | 27.92 | 0.18 | +27.74 |
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 | DOL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.92 | 0.07 | +3.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.27 | 1.30 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.05 | 0.83 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 1.27 | -0.53 |
Drawdowns
CM.TO vs. DOL.TO - Drawdown Comparison
The maximum CM.TO drawdown since its inception was -58.49%, which is greater than DOL.TO's maximum drawdown of -44.98%. Use the drawdown chart below to compare losses from any high point for CM.TO and DOL.TO.
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Drawdown Indicators
| CM.TO | DOL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.49% | -44.98% | -13.51% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -19.07% | +9.96% |
Max Drawdown (3Y)Largest decline over 3 years | -16.57% | -19.07% | +2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -35.43% | -19.07% | -16.36% |
Max Drawdown (10Y)Largest decline over 10 years | -40.02% | -44.98% | +4.96% |
Current DrawdownCurrent decline from peak | -4.86% | -13.38% | +8.52% |
Average DrawdownAverage peak-to-trough decline | -9.29% | -6.43% | -2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 8.51% | -6.06% |
Volatility
CM.TO vs. DOL.TO - Volatility Comparison
Canadian Imperial Bank of Commerce (CM.TO) has a higher volatility of 7.78% compared to Dollarama Inc. (DOL.TO) at 6.94%. This indicates that CM.TO's price experiences larger fluctuations and is considered to be riskier than DOL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CM.TO | DOL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 6.94% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 18.06% | -3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.53% | 23.26% | -5.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 21.48% | -3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.92% | 24.23% | -4.31% |
Dividends
CM.TO vs. DOL.TO - Dividend Comparison
CM.TO's dividend yield for the trailing twelve months is around 2.67%, more than DOL.TO's 0.25% 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% |
DOL.TO Dollarama Inc. | 0.25% | 0.20% | 0.25% | 0.28% | 0.27% | 0.31% | 0.34% | 0.39% | 0.95% | 0.82% | 1.19% | 1.31% |
Financials
CM.TO vs. DOL.TO - Financials Comparison
This section allows you to compare key financial metrics between Canadian Imperial Bank of Commerce and Dollarama 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
CM.TO vs. DOL.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%.
DOL.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dollarama Inc. reported a gross profit of 835.51M and revenue of 2.10B. Therefore, the gross margin over that period was 39.8%.
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%.
DOL.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dollarama Inc. reported an operating income of 511.68M and revenue of 2.10B, resulting in an operating margin of 24.4%.
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%.
DOL.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dollarama Inc. reported a net income of 392.46M and revenue of 2.10B, resulting in a net margin of 18.7%.
Frequently Asked Questions
CM.TO and DOL.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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