CM.TO vs. T
CM.TO (Canadian Imperial Bank of Commerce) and T (AT&T Inc.) are both stocks. CM.TO operates in Banks - Diversified (Financial Services), while T operates in Telecom Services (Communication Services). Over the past 10 years, CM.TO returned 20.73%/yr vs 3.80%/yr for T. At a 0.26 correlation, their price movements are largely independent.
Performance
CM.TO vs. T - Performance Comparison
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Different Trading Currencies
CM.TO is traded in CAD, while T is traded in USD. To make them comparable, the T 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 T's -5.71% return. Over the past 10 years, CM.TO has outperformed T with an annualized return of 20.73%, while T has yielded a comparatively lower 3.80% 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%
T
- 1D
- -0.83%
- 1M
- -8.72%
- YTD
- -5.71%
- 6M
- -6.67%
- 1Y
- -14.68%
- 3Y*
- 20.08%
- 5Y*
- 9.65%
- 10Y*
- 3.80%
CM.TO vs. T - 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% |
T AT&T Inc. | -5.71% | 8.77% | 56.28% | -5.06% | 12.46% | -8.14% | -23.24% | 39.55% | -15.72% | -10.51% |
Correlation
The correlation between CM.TO and T is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2006 | 0.26 |
The correlation between CM.TO and T shifts across timeframes, from -0.01 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CM.TO:
CA$10.53
T:
$3.04
CM.TO:
14.52
T:
7.39
CM.TO:
1.79
T:
0.31
CM.TO:
2.68
T:
1.29
CM.TO:
CA$53.25B
T:
$125.65B
CM.TO:
CA$28.73B
T:
$105.41B
CM.TO:
CA$13.01B
T:
$54.70B
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Return for Risk
CM.TO vs. T — Risk / Return Rank
CM.TO
T
CM.TO vs. T - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Imperial Bank of Commerce (CM.TO) and AT&T Inc. (T). 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 | T | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.59 | ||
| Sortino ratioReturn per unit of downside risk | +5.62 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 0.90 | +0.77 |
| Calmar ratioReturn relative to maximum drawdown | 7.52 | -0.69 | +8.21 |
| Martin ratioReturn relative to average drawdown | 27.92 | -1.41 | +29.33 |
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 | T | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.92 | -0.67 | +4.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.27 | 0.40 | +0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.05 | 0.16 | +0.89 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.32 | +0.42 |
Drawdowns
CM.TO vs. T - Drawdown Comparison
The maximum CM.TO drawdown since its inception was -58.49%, which is greater than T's maximum drawdown of -42.44%. Use the drawdown chart below to compare losses from any high point for CM.TO and T.
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Drawdown Indicators
| CM.TO | T | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.49% | -42.44% | -16.05% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -21.49% | +12.38% |
Max Drawdown (3Y)Largest decline over 3 years | -16.57% | -21.49% | +4.92% |
Max Drawdown (5Y)Largest decline over 5 years | -35.43% | -32.89% | -2.54% |
Max Drawdown (10Y)Largest decline over 10 years | -40.02% | -42.44% | +2.42% |
Current DrawdownCurrent decline from peak | -4.86% | -21.49% | +16.63% |
Average DrawdownAverage peak-to-trough decline | -9.29% | -13.77% | +4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 10.43% | -7.98% |
Volatility
CM.TO vs. T - Volatility Comparison
Canadian Imperial Bank of Commerce (CM.TO) has a higher volatility of 7.78% compared to AT&T Inc. (T) at 7.35%. This indicates that CM.TO's price experiences larger fluctuations and is considered to be riskier than T 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 | T | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 7.35% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 17.38% | -2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.53% | 22.07% | -4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 24.41% | -6.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.92% | 24.30% | -4.38% |
Dividends
CM.TO vs. T - Dividend Comparison
CM.TO's dividend yield for the trailing twelve months is around 2.67%, less than T's 4.93% 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% |
T AT&T Inc. | 4.93% | 4.47% | 4.87% | 6.62% | 6.66% | 8.46% | 7.23% | 5.22% | 7.01% | 5.04% | 4.51% | 5.46% |
Financials
CM.TO vs. T - Financials Comparison
This section allows you to compare key financial metrics between Canadian Imperial Bank of Commerce and AT&T 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
Frequently Asked Questions
CM.TO and T have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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