CM.TO vs. NRG
CM.TO (Canadian Imperial Bank of Commerce) and NRG (NRG Energy, Inc.) are both stocks. CM.TO operates in Banks - Diversified (Financial Services), while NRG operates in Utilities - Independent Power Producers (Utilities). Over the past 10 years, CM.TO returned 20.73%/yr vs 27.70%/yr for NRG. At a 0.25 correlation, their price movements are largely independent.
Performance
CM.TO vs. NRG - Performance Comparison
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Different Trading Currencies
CM.TO is traded in CAD, while NRG is traded in USD. To make them comparable, the NRG 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 23.94% return, which is significantly higher than NRG's -17.83% return. Over the past 10 years, CM.TO has underperformed NRG with an annualized return of 20.73%, while NRG has yielded a comparatively higher 27.70% 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%
NRG
- 1D
- -0.88%
- 1M
- -5.61%
- YTD
- -17.83%
- 6M
- -21.08%
- 1Y
- -15.48%
- 3Y*
- 60.83%
- 5Y*
- 35.64%
- 10Y*
- 27.70%
CM.TO vs. NRG - 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% |
NRG NRG Energy, Inc. | -17.83% | 70.74% | 93.70% | 65.33% | -18.62% | 18.48% | -4.46% | -3.46% | 51.33% | 117.87% |
Correlation
The correlation between CM.TO and NRG is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2006 | 0.25 |
Fundamentals
CM.TO:
CA$141.37B
NRG:
$26.56B
CM.TO:
CA$10.53
NRG:
$1.21
CM.TO:
14.52
NRG:
105.45
CM.TO:
1.79
NRG:
1.58
CM.TO:
2.68
NRG:
0.78
CM.TO:
2.42
NRG:
6.29
CM.TO:
CA$53.25B
NRG:
$32.38B
CM.TO:
CA$28.73B
NRG:
$4.69B
CM.TO:
CA$13.01B
NRG:
$2.57B
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Return for Risk
CM.TO vs. NRG — Risk / Return Rank
CM.TO
NRG
CM.TO vs. NRG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Imperial Bank of Commerce (CM.TO) and NRG Energy, Inc. (NRG). 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 | NRG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.27 | ||
| Sortino ratioReturn per unit of downside risk | +5.00 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 0.97 | +0.70 |
| Calmar ratioReturn relative to maximum drawdown | 7.52 | -0.48 | +8.01 |
| Martin ratioReturn relative to average drawdown | 27.92 | -1.18 | +29.09 |
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 | NRG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.92 | -0.35 | +4.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.27 | 0.89 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.05 | 0.70 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.37 | +0.37 |
Drawdowns
CM.TO vs. NRG - Drawdown Comparison
The maximum CM.TO drawdown since its inception was -58.49%, smaller than the maximum NRG drawdown of -73.52%. Use the drawdown chart below to compare losses from any high point for CM.TO and NRG.
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Drawdown Indicators
| CM.TO | NRG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.49% | -73.52% | +15.03% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -32.35% | +23.24% |
Max Drawdown (3Y)Largest decline over 3 years | -16.57% | -32.35% | +15.78% |
Max Drawdown (5Y)Largest decline over 5 years | -35.43% | -32.35% | -3.08% |
Max Drawdown (10Y)Largest decline over 10 years | -40.02% | -45.51% | +5.49% |
Current DrawdownCurrent decline from peak | -4.86% | -29.12% | +24.26% |
Average DrawdownAverage peak-to-trough decline | -9.29% | -25.99% | +16.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 13.17% | -10.72% |
Volatility
CM.TO vs. NRG - Volatility Comparison
The current volatility for Canadian Imperial Bank of Commerce (CM.TO) is 7.78%, while NRG Energy, Inc. (NRG) has a volatility of 13.85%. This indicates that CM.TO experiences smaller price fluctuations and is considered to be less risky than NRG 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 | NRG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 13.85% | -6.07% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 34.52% | -19.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.53% | 44.41% | -26.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 40.40% | -22.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.92% | 39.90% | -19.98% |
Dividends
CM.TO vs. NRG - Dividend Comparison
CM.TO's dividend yield for the trailing twelve months is around 2.67%, more than NRG's 1.43% 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% |
NRG NRG Energy, Inc. | 1.43% | 1.11% | 1.81% | 2.92% | 4.40% | 3.02% | 3.20% | 0.30% | 0.30% | 0.42% | 1.92% | 4.93% |
Financials
CM.TO vs. NRG - Financials Comparison
This section allows you to compare key financial metrics between Canadian Imperial Bank of Commerce and NRG Energy, 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. NRG - 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%.
NRG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported a gross profit of 0.00 and revenue of 10.26B. 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%.
NRG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported an operating income of 328.00M and revenue of 10.26B, resulting in an operating margin of 3.2%.
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%.
NRG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported a net income of 125.00M and revenue of 10.26B, resulting in a net margin of 1.2%.
Frequently Asked Questions
CM.TO and NRG have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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