CM.TO vs. LB.TO
CM.TO (Canadian Imperial Bank of Commerce) and LB.TO (Laurentian Bank of Canada) are both stocks. Both are in the Financial Services sector — CM.TO in Banks - Diversified, LB.TO in Banks - Regional. Over the past 10 years, CM.TO returned 17.21%/yr vs 2.91%/yr for LB.TO. At a 0.33 correlation, their price movements are largely independent.
Performance
CM.TO vs. LB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CM.TO achieves a 22.83% return, which is significantly higher than LB.TO's 2.37% return. Over the past 10 years, CM.TO has outperformed LB.TO with an annualized return of 17.21%, while LB.TO has yielded a comparatively lower 2.91% annualized return.
CM.TO
- 1D
- 1.55%
- 1M
- -0.90%
- YTD
- 22.83%
- 6M
- 22.19%
- 1Y
- 67.27%
- 3Y*
- 45.77%
- 5Y*
- 21.85%
- 10Y*
- 17.21%
LB.TO
- 1D
- -0.15%
- 1M
- -0.00%
- YTD
- 2.37%
- 6M
- 3.50%
- 1Y
- 42.16%
- 3Y*
- 15.01%
- 5Y*
- 3.82%
- 10Y*
- 2.91%
CM.TO vs. LB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CM.TO Canadian Imperial Bank of Commerce | 22.83% | 42.31% | 49.56% | 23.83% | -20.79% | 41.53% | 6.99% | 12.03% | -12.96% | 17.02% |
LB.TO Laurentian Bank of Canada | 2.37% | 48.25% | 11.70% | -9.82% | -15.45% | 33.94% | -25.22% | 23.86% | -28.54% | 2.23% |
Correlation
The correlation between CM.TO and LB.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 1989 | 0.33 |
The correlation between CM.TO and LB.TO shifts across timeframes, from 0.21 (1 year) to 0.51 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CM.TO:
CA$140.11B
LB.TO:
CA$1.80B
CM.TO:
CA$10.53
LB.TO:
CA$0.63
CM.TO:
14.39
LB.TO:
64.48
CM.TO:
1.77
LB.TO:
0.93
CM.TO:
2.65
LB.TO:
0.88
CM.TO:
2.40
LB.TO:
0.72
CM.TO:
CA$53.25B
LB.TO:
CA$2.05B
CM.TO:
CA$28.73B
LB.TO:
CA$667.17M
CM.TO:
CA$13.01B
LB.TO:
CA$47.57M
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Return for Risk
CM.TO vs. LB.TO — Risk / Return Rank
CM.TO
LB.TO
CM.TO vs. LB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Imperial Bank of Commerce (CM.TO) and Laurentian Bank of Canada (LB.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 | LB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.92 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 7.62 | 10.78 | -3.15 |
| Martin ratioReturn relative to average drawdown | 28.77 | 36.19 | -7.42 |
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 | LB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.96 | 1.97 | +1.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 0.15 | +1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.11 | +0.76 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.28 | +0.19 |
Drawdowns
CM.TO vs. LB.TO - Drawdown Comparison
The maximum CM.TO drawdown since its inception was -62.50%, which is greater than LB.TO's maximum drawdown of -56.22%. Use the drawdown chart below to compare losses from any high point for CM.TO and LB.TO.
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Drawdown Indicators
| CM.TO | LB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.50% | -56.22% | -6.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -3.87% | -5.24% |
Max Drawdown (3Y)Largest decline over 3 years | -16.57% | -41.38% | +24.81% |
Max Drawdown (5Y)Largest decline over 5 years | -35.35% | -41.38% | +6.03% |
Max Drawdown (10Y)Largest decline over 10 years | -41.37% | -49.49% | +8.12% |
Current DrawdownCurrent decline from peak | -5.70% | -0.40% | -5.30% |
Average DrawdownAverage peak-to-trough decline | -17.59% | -17.92% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 1.15% | +1.26% |
Volatility
CM.TO vs. LB.TO - Volatility Comparison
Canadian Imperial Bank of Commerce (CM.TO) has a higher volatility of 8.13% compared to Laurentian Bank of Canada (LB.TO) at 0.71%. This indicates that CM.TO's price experiences larger fluctuations and is considered to be riskier than LB.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 | LB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 0.71% | +7.42% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 1.95% | +13.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.51% | 21.16% | -3.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 26.44% | -8.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.83% | 26.04% | -6.21% |
Dividends
CM.TO vs. LB.TO - Dividend Comparison
CM.TO's dividend yield for the trailing twelve months is around 2.69%, less than LB.TO's 4.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CM.TO Canadian Imperial Bank of Commerce | 2.69% | 3.20% | 4.04% | 5.47% | 7.20% | 4.06% | 5.37% | 5.26% | 5.29% | 4.19% | 4.42% | 4.85% |
LB.TO Laurentian Bank of Canada | 4.67% | 4.67% | 6.84% | 5.02% | 5.57% | 4.08% | 5.99% | 5.94% | 6.72% | 4.39% | 4.14% | 5.57% |
Financials
CM.TO vs. LB.TO - Financials Comparison
This section allows you to compare key financial metrics between Canadian Imperial Bank of Commerce and Laurentian Bank of Canada. 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. LB.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%.
LB.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Laurentian Bank of Canada reported a gross profit of 114.22M and revenue of 453.55M. Therefore, the gross margin over that period was 25.2%.
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%.
LB.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Laurentian Bank of Canada reported an operating income of -32.71M and revenue of 453.55M, resulting in an operating margin of -7.2%.
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%.
LB.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Laurentian Bank of Canada reported a net income of -20.59M and revenue of 453.55M, resulting in a net margin of -4.5%.
Frequently Asked Questions
CM.TO and LB.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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