CM vs. BRO
CM (Canadian Imperial Bank of Commerce) and BRO (Brown & Brown, Inc.) are both stocks. Both are in the Financial Services sector — CM in Banks - Diversified, BRO in Insurance Brokers. Over the past 10 years, CM returned 16.80%/yr vs 13.27%/yr for BRO. At a 0.29 correlation, their price movements are largely independent.
Performance
CM vs. BRO - Performance Comparison
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Returns By Period
In the year-to-date period, CM achieves a 21.87% return, which is significantly higher than BRO's -26.85% return. Over the past 10 years, CM has outperformed BRO with an annualized return of 16.80%, while BRO has yielded a comparatively lower 13.27% annualized return.
CM
- 1D
- 0.62%
- 1M
- -0.45%
- YTD
- 21.87%
- 6M
- 23.43%
- 1Y
- 64.86%
- 3Y*
- 43.70%
- 5Y*
- 19.00%
- 10Y*
- 16.80%
BRO
- 1D
- -1.46%
- 1M
- 3.05%
- YTD
- -26.85%
- 6M
- -24.91%
- 1Y
- -47.08%
- 3Y*
- -2.56%
- 5Y*
- 3.04%
- 10Y*
- 13.27%
CM vs. BRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CM Canadian Imperial Bank of Commerce | 21.87% | 49.02% | 37.83% | 27.23% | -25.71% | 42.29% | 9.25% | 19.22% | -19.75% | 26.58% |
BRO Brown & Brown, Inc. | -26.85% | -21.37% | 44.32% | 25.73% | -18.39% | 49.31% | 21.06% | 44.67% | 8.30% | 16.15% |
Correlation
The correlation between CM and BRO 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 | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 1997 | 0.29 |
Over the past year, the correlation between CM and BRO has dropped to 0.01 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
Fundamentals
CM:
$12.14
BRO:
$4.76
CM:
9.02
BRO:
12.18
CM:
1.11
BRO:
0.89
CM:
1.43
BRO:
2.18
CM:
$61.84B
BRO:
$6.43B
CM:
$28.74B
BRO:
$3.82B
CM:
$13.01B
BRO:
$1.51B
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Return for Risk
CM vs. BRO — Risk / Return Rank
CM
BRO
CM vs. BRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Imperial Bank of Commerce (CM) and Brown & Brown, Inc. (BRO). 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 | BRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.11 | ||
| Sortino ratioReturn per unit of downside risk | +6.78 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 0.69 | +0.90 |
| Calmar ratioReturn relative to maximum drawdown | 6.04 | -0.93 | +6.98 |
| Martin ratioReturn relative to average drawdown | 24.16 | -1.59 | +25.76 |
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 | BRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.46 | -1.66 | +5.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.12 | +0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.56 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.50 | 0.00 |
Drawdowns
CM vs. BRO - Drawdown Comparison
The maximum CM drawdown since its inception was -71.70%, which is greater than BRO's maximum drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for CM and BRO.
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Drawdown Indicators
| CM | BRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.70% | -55.85% | -15.85% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -50.55% | +39.76% |
Max Drawdown (3Y)Largest decline over 3 years | -19.47% | -55.85% | +36.38% |
Max Drawdown (5Y)Largest decline over 5 years | -40.61% | -55.85% | +15.24% |
Max Drawdown (10Y)Largest decline over 10 years | -47.82% | -55.85% | +8.03% |
Current DrawdownCurrent decline from peak | -5.41% | -52.91% | +47.50% |
Average DrawdownAverage peak-to-trough decline | -14.66% | -13.52% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 29.57% | -26.88% |
Volatility
CM vs. BRO - Volatility Comparison
The current volatility for Canadian Imperial Bank of Commerce (CM) is 7.65%, while Brown & Brown, Inc. (BRO) has a volatility of 9.52%. This indicates that CM experiences smaller price fluctuations and is considered to be less risky than BRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CM | BRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 9.52% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 15.89% | 21.90% | -6.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.91% | 28.53% | -9.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.40% | 24.81% | -3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.61% | 23.69% | -1.08% |
Dividends
CM vs. BRO - Dividend Comparison
CM's dividend yield for the trailing twelve months is around 2.71%, more than BRO's 1.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRO Brown & Brown, Inc. | 1.11% | 0.77% | 0.53% | 0.67% | 0.74% | 0.54% | 0.73% | 0.82% | 1.11% | 1.08% | 1.12% | 1.41% |
CM Canadian Imperial Bank of Commerce | 2.71% | 3.17% | 4.21% | 5.88% | 7.77% | 4.08% | 5.06% | 6.47% | 5.48% | 5.28% | 5.93% | 6.71% |
Financials
CM vs. BRO - Financials Comparison
This section allows you to compare key financial metrics between Canadian Imperial Bank of Commerce and Brown & Brown, 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 vs. BRO - Profitability Comparison
CM - 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 15.22B. Therefore, the gross margin over that period was 48.4%.
BRO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported a gross profit of 994.00M and revenue of 1.90B. Therefore, the gross margin over that period was 52.3%.
CM - 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 15.22B, resulting in an operating margin of 21.0%.
BRO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported an operating income of 0.00 and revenue of 1.90B, resulting in an operating margin of 0.0%.
CM - 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 15.22B, resulting in a net margin of 16.1%.
BRO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported a net income of 426.00M and revenue of 1.90B, resulting in a net margin of 22.4%.
Frequently Asked Questions
CM and BRO 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.
BRO has higher volatility (9.52%) compared to CM (7.65%). In terms of maximum drawdown, CM dropped -71.70% vs BRO's -55.85%.
CM currently has the higher Sharpe Ratio (3.46 vs -1.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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