CM vs. FCCM.NEO
Compare and contrast key facts about Canadian Imperial Bank of Commerce (CM) and Fidelity Canadian Momentum Index ETF (FCCM.NEO).
FCCM.NEO is a passively managed fund by Fidelity that tracks the performance of the Fidelity Canada Canadian Momentum Index. It was launched on Jun 5, 2020.
Performance
CM vs. FCCM.NEO - Performance Comparison
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CM vs. FCCM.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CM Canadian Imperial Bank of Commerce | 5.43% | 49.02% | 37.83% | 27.23% | -25.71% | 42.29% | 22.53% |
FCCM.NEO Fidelity Canadian Momentum Index ETF | 2.80% | 50.03% | 16.99% | 12.61% | -9.88% | 15.07% | -62.16% |
Different Trading Currencies
CM is traded in USD, while FCCM.NEO is traded in CAD. To make them comparable, the FCCM.NEO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CM achieves a 5.43% return, which is significantly higher than FCCM.NEO's 2.80% return.
CM
- 1D
- 3.21%
- 1M
- -5.38%
- YTD
- 5.43%
- 6M
- 20.59%
- 1Y
- 74.37%
- 3Y*
- 37.30%
- 5Y*
- 20.04%
- 10Y*
- 15.94%
FCCM.NEO
- 1D
- 3.41%
- 1M
- -8.86%
- YTD
- 2.80%
- 6M
- 14.95%
- 1Y
- 48.58%
- 3Y*
- 27.00%
- 5Y*
- 15.73%
- 10Y*
- —
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Return for Risk
CM vs. FCCM.NEO — Risk / Return Rank
CM
FCCM.NEO
CM vs. FCCM.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Imperial Bank of Commerce (CM) and Fidelity Canadian Momentum Index ETF (FCCM.NEO). 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 | FCCM.NEO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.09 | 2.63 | +1.45 |
Sortino ratioReturn per unit of downside risk | 5.12 | 3.30 | +1.82 |
Omega ratioGain probability vs. loss probability | 1.70 | 1.51 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 6.93 | 3.92 | +3.02 |
Martin ratioReturn relative to average drawdown | 30.75 | 16.82 | +13.93 |
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 | FCCM.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.09 | 2.63 | +1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.97 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | -0.12 | +0.61 |
Correlation
The correlation between CM and FCCM.NEO is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CM vs. FCCM.NEO - Dividend Comparison
CM's dividend yield for the trailing twelve months is around 3.13%, more than FCCM.NEO's 0.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CM Canadian Imperial Bank of Commerce | 3.13% | 3.17% | 4.21% | 5.88% | 7.77% | 4.08% | 5.06% | 6.47% | 5.48% | 5.28% | 5.93% | 6.71% |
FCCM.NEO Fidelity Canadian Momentum Index ETF | 0.88% | 0.91% | 0.91% | 1.32% | 1.79% | 1.49% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CM vs. FCCM.NEO - Drawdown Comparison
The maximum CM drawdown since its inception was -71.70%, which is greater than FCCM.NEO's maximum drawdown of -67.91%. Use the drawdown chart below to compare losses from any high point for CM and FCCM.NEO.
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Drawdown Indicators
| CM | FCCM.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.70% | -67.22% | -4.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -12.36% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -40.61% | -16.59% | -24.02% |
Max Drawdown (10Y)Largest decline over 10 years | -47.82% | — | — |
Current DrawdownCurrent decline from peak | -7.92% | -17.77% | +9.85% |
Average DrawdownAverage peak-to-trough decline | -14.74% | -53.22% | +38.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 2.91% | -0.48% |
Volatility
CM vs. FCCM.NEO - Volatility Comparison
Canadian Imperial Bank of Commerce (CM) and Fidelity Canadian Momentum Index ETF (FCCM.NEO) have volatilities of 7.43% and 7.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CM | FCCM.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 7.77% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 13.83% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.30% | 18.55% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.07% | 16.37% | +4.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.51% | 31.90% | -9.39% |