CM vs. EPD
CM (Canadian Imperial Bank of Commerce) and EPD (Enterprise Products Partners L.P.) are both stocks. CM operates in Banks - Diversified (Financial Services), while EPD operates in Oil & Gas Midstream (Energy). Over the past 10 years, CM returned 16.80%/yr vs 10.45%/yr for EPD. At a 0.28 correlation, their price movements are largely independent.
Performance
CM vs. EPD - 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 EPD's 20.66% return. Over the past 10 years, CM has outperformed EPD with an annualized return of 16.80%, while EPD has yielded a comparatively lower 10.45% 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%
EPD
- 1D
- -0.77%
- 1M
- 0.89%
- YTD
- 20.66%
- 6M
- 18.26%
- 1Y
- 27.33%
- 3Y*
- 21.14%
- 5Y*
- 16.72%
- 10Y*
- 10.45%
CM vs. EPD - 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% |
EPD Enterprise Products Partners L.P. | 20.66% | 9.45% | 28.00% | 17.71% | 18.32% | 21.40% | -23.61% | 21.88% | -1.32% | 4.24% |
Correlation
The correlation between CM and EPD is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 1998 | 0.28 |
Over the past year, the correlation between CM and EPD has dropped to 0.06 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
Fundamentals
CM:
$74.47B
EPD:
$82.06B
CM:
$12.14
EPD:
$2.69
CM:
9.02
EPD:
13.93
CM:
1.11
EPD:
2.24
CM:
1.43
EPD:
1.59
CM:
$61.84B
EPD:
$51.57B
CM:
$28.74B
EPD:
$7.31B
CM:
$13.01B
EPD:
$10.11B
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Return for Risk
CM vs. EPD — Risk / Return Rank
CM
EPD
CM vs. EPD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Imperial Bank of Commerce (CM) and Enterprise Products Partners L.P. (EPD). 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 | EPD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.31 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 6.04 | 3.63 | +2.41 |
| Martin ratioReturn relative to average drawdown | 24.16 | 11.00 | +13.16 |
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 | EPD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.46 | 1.74 | +1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.98 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.43 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.54 | -0.03 |
Drawdowns
CM vs. EPD - Drawdown Comparison
The maximum CM drawdown since its inception was -71.70%, which is greater than EPD's maximum drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for CM and EPD.
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Drawdown Indicators
| CM | EPD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.70% | -58.78% | -12.92% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -7.56% | -3.23% |
Max Drawdown (3Y)Largest decline over 3 years | -19.47% | -15.40% | -4.07% |
Max Drawdown (5Y)Largest decline over 5 years | -40.61% | -18.06% | -22.55% |
Max Drawdown (10Y)Largest decline over 10 years | -47.82% | -58.04% | +10.22% |
Current DrawdownCurrent decline from peak | -5.41% | -5.73% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -14.66% | -10.13% | -4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 2.49% | +0.20% |
Volatility
CM vs. EPD - Volatility Comparison
Canadian Imperial Bank of Commerce (CM) has a higher volatility of 7.65% compared to Enterprise Products Partners L.P. (EPD) at 6.17%. This indicates that CM's price experiences larger fluctuations and is considered to be riskier than EPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CM | EPD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 6.17% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 15.89% | 13.16% | +2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.91% | 15.81% | +3.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.40% | 17.23% | +4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.61% | 24.16% | -1.55% |
Dividends
CM vs. EPD - Dividend Comparison
CM's dividend yield for the trailing twelve months is around 2.71%, less than EPD's 5.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EPD Enterprise Products Partners L.P. | 5.84% | 6.74% | 6.63% | 7.51% | 7.79% | 8.20% | 9.09% | 6.23% | 6.97% | 6.29% | 5.88% | 5.90% |
Financials
CM vs. EPD - Financials Comparison
This section allows you to compare key financial metrics between Canadian Imperial Bank of Commerce and Enterprise Products Partners L.P.. 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. EPD - 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%.
EPD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported a gross profit of 1.88B and revenue of 14.39B. Therefore, the gross margin over that period was 13.1%.
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%.
EPD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported an operating income of 1.82B and revenue of 14.39B, resulting in an operating margin of 12.6%.
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%.
EPD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported a net income of 1.48B and revenue of 14.39B, resulting in a net margin of 10.3%.
Frequently Asked Questions
CM and EPD have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CM has higher volatility (7.65%) compared to EPD (6.17%). In terms of maximum drawdown, CM dropped -71.70% vs EPD's -58.78%.
CM currently has the higher Sharpe Ratio (3.46 vs 1.74), 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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