CM.TO vs. INCY
CM.TO (Canadian Imperial Bank of Commerce) and INCY (Incyte Corporation) are both stocks. CM.TO operates in Banks - Diversified (Financial Services), while INCY operates in Biotechnology (Healthcare). Over the past 10 years, CM.TO returned 21.34%/yr vs 4.01%/yr for INCY. At a 0.19 correlation, their price movements are largely independent.
Performance
CM.TO vs. INCY - Performance Comparison
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Different Trading Currencies
CM.TO is traded in CAD, while INCY is traded in USD. To make them comparable, the INCY values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CM.TO achieves a 28.60% return, which is significantly higher than INCY's 12.11% return. Over the past 10 years, CM.TO has outperformed INCY with an annualized return of 21.34%, while INCY has yielded a comparatively lower 4.01% annualized return.
CM.TO
- 1D
- 1.70%
- 1M
- 3.50%
- YTD
- 28.60%
- 6M
- 26.24%
- 1Y
- 77.57%
- 3Y*
- 47.25%
- 5Y*
- 23.85%
- 10Y*
- 21.34%
INCY
- 1D
- 0.83%
- 1M
- 13.34%
- YTD
- 12.11%
- 6M
- 15.38%
- 1Y
- 64.62%
- 3Y*
- 22.36%
- 5Y*
- 8.71%
- 10Y*
- 4.01%
CM.TO vs. INCY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CM.TO Canadian Imperial Bank of Commerce | 28.60% | 42.31% | 49.56% | 23.83% | -20.89% | 47.75% | 13.88% | 18.19% | -8.64% | 22.50% |
INCY Incyte Corporation | 12.11% | 36.47% | 19.32% | -23.68% | 16.36% | -15.65% | -2.75% | 31.66% | -27.21% | -11.94% |
Correlation
The correlation between CM.TO and INCY is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | 0.19 |
Fundamentals
CM.TO:
CA$146.70B
INCY:
$22.45B
CM.TO:
CA$10.53
INCY:
$7.06
CM.TO:
15.07
INCY:
15.38
CM.TO:
1.85
INCY:
0.02
CM.TO:
2.78
INCY:
4.11
CM.TO:
2.51
INCY:
3.99
CM.TO:
CA$53.25B
INCY:
$5.36B
CM.TO:
CA$28.73B
INCY:
$3.76B
CM.TO:
CA$13.01B
INCY:
$1.80B
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Return for Risk
CM.TO vs. INCY — Risk / Return Rank
CM.TO
INCY
CM.TO vs. INCY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Imperial Bank of Commerce (CM.TO) and Incyte Corporation (INCY). 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.
| CM.TO | INCY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.32 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 8.50 | 3.22 | +5.28 |
| Martin ratioReturn relative to average drawdown | 31.13 | 7.00 | +24.13 |
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Drawdowns
CM.TO vs. INCY - Drawdown Comparison
The maximum CM.TO drawdown since its inception was -58.49%, smaller than the maximum INCY drawdown of -81.92%. Use the drawdown chart below to compare losses from any high point for CM.TO and INCY.
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Drawdown Indicators
| CM.TO | INCY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.49% | -81.92% | +23.43% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -18.82% | +9.71% |
Max Drawdown (3Y)Largest decline over 3 years | -16.57% | -32.72% | +16.15% |
Max Drawdown (5Y)Largest decline over 5 years | -35.43% | -39.05% | +3.62% |
Max Drawdown (10Y)Largest decline over 10 years | -40.02% | -65.90% | +25.88% |
Current DrawdownCurrent decline from peak | -1.28% | -26.27% | +24.99% |
Average DrawdownAverage peak-to-trough decline | -9.29% | -36.43% | +27.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 8.65% | -6.17% |
Volatility
CM.TO vs. INCY - Volatility Comparison
The current volatility for Canadian Imperial Bank of Commerce (CM.TO) is 7.93%, while Incyte Corporation (INCY) has a volatility of 9.56%. This indicates that CM.TO experiences smaller price fluctuations and is considered to be less risky than INCY 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 | INCY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.93% | 9.56% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 14.93% | 23.35% | -8.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.59% | 33.96% | -16.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.23% | 30.20% | -11.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.92% | 35.04% | -15.12% |
Dividends
CM.TO vs. INCY - Dividend Comparison
CM.TO's dividend yield for the trailing twelve months is around 2.57%, while INCY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CM.TO Canadian Imperial Bank of Commerce | 2.57% | 3.20% | 4.04% | 5.47% | 7.52% | 8.13% | 10.74% | 10.51% | 10.58% | 8.39% | 8.84% | 9.69% |
INCY Incyte 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% |
Financials
CM.TO vs. INCY - Financials Comparison
This section allows you to compare key financial metrics between Canadian Imperial Bank of Commerce and Incyte Corporation. 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. INCY - 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%.
INCY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Incyte Corporation reported a gross profit of 0.00 and revenue of 1.27B. Therefore, the gross margin over that period was 0.0%.
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%.
INCY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Incyte Corporation reported an operating income of 301.12M and revenue of 1.27B, resulting in an operating margin of 23.7%.
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%.
INCY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Incyte Corporation reported a net income of 303.33M and revenue of 1.27B, resulting in a net margin of 23.8%.
Frequently Asked Questions
CM.TO and INCY have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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