CM vs. FNV
CM (Canadian Imperial Bank of Commerce) and FNV (Franco-Nevada Corporation) are both stocks. CM operates in Banks - Diversified (Financial Services), while FNV operates in Gold (Basic Materials). Over the past 10 years, CM returned 16.80%/yr vs 12.94%/yr for FNV. At a 0.21 correlation, their price movements are largely independent.
Performance
CM vs. FNV - 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 FNV's 3.78% return. Over the past 10 years, CM has outperformed FNV with an annualized return of 16.80%, while FNV has yielded a comparatively lower 12.94% 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%
FNV
- 1D
- -1.82%
- 1M
- -7.48%
- YTD
- 3.78%
- 6M
- 7.92%
- 1Y
- 29.43%
- 3Y*
- 14.93%
- 5Y*
- 7.95%
- 10Y*
- 12.94%
CM vs. FNV - 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% |
FNV Franco-Nevada Corporation | 3.78% | 77.81% | 7.41% | -17.96% | -0.39% | 11.57% | 22.31% | 48.92% | -11.00% | 35.45% |
Correlation
The correlation between CM and FNV is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2007 | 0.21 |
The correlation between CM and FNV shifts across timeframes, from 0.20 (10 years) to 0.31 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CM:
$74.47B
FNV:
$41.49B
CM:
$12.14
FNV:
$7.10
CM:
9.02
FNV:
30.25
CM:
1.11
FNV:
0.63
CM:
1.43
FNV:
19.71
CM:
1.28
FNV:
5.10
CM:
$61.84B
FNV:
$2.10B
CM:
$28.74B
FNV:
$1.61B
CM:
$13.01B
FNV:
$1.96B
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Return for Risk
CM vs. FNV — Risk / Return Rank
CM
FNV
CM vs. FNV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Imperial Bank of Commerce (CM) and Franco-Nevada Corporation (FNV). 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 | FNV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.63 | ||
| Sortino ratioReturn per unit of downside risk | +3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.17 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 6.04 | 1.26 | +4.78 |
| Martin ratioReturn relative to average drawdown | 24.16 | 3.00 | +21.16 |
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 | FNV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.46 | 0.82 | +2.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.26 | +0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.43 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.45 | +0.05 |
Drawdowns
CM vs. FNV - Drawdown Comparison
The maximum CM drawdown since its inception was -71.70%, which is greater than FNV's maximum drawdown of -58.76%. Use the drawdown chart below to compare losses from any high point for CM and FNV.
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Drawdown Indicators
| CM | FNV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.70% | -58.76% | -12.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -23.40% | +12.61% |
Max Drawdown (3Y)Largest decline over 3 years | -19.47% | -29.64% | +10.17% |
Max Drawdown (5Y)Largest decline over 5 years | -40.61% | -37.12% | -3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -47.82% | -37.12% | -10.70% |
Current DrawdownCurrent decline from peak | -5.41% | -23.40% | +17.99% |
Average DrawdownAverage peak-to-trough decline | -14.66% | -13.96% | -0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 9.83% | -7.14% |
Volatility
CM vs. FNV - Volatility Comparison
The current volatility for Canadian Imperial Bank of Commerce (CM) is 7.65%, while Franco-Nevada Corporation (FNV) has a volatility of 12.49%. This indicates that CM experiences smaller price fluctuations and is considered to be less risky than FNV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CM | FNV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 12.49% | -4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 15.89% | 30.10% | -14.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.91% | 36.00% | -17.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.40% | 30.35% | -8.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.61% | 30.18% | -7.57% |
Dividends
CM vs. FNV - Dividend Comparison
CM's dividend yield for the trailing twelve months is around 2.71%, more than FNV's 0.74% 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% |
FNV Franco-Nevada Corporation | 0.74% | 0.73% | 1.22% | 1.23% | 0.94% | 1.10% | 0.82% | 0.96% | 1.35% | 1.14% | 1.46% | 1.81% |
Financials
CM vs. FNV - Financials Comparison
This section allows you to compare key financial metrics between Canadian Imperial Bank of Commerce and Franco-Nevada Corporation. 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. FNV - 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%.
FNV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Franco-Nevada Corporation reported a gross profit of 518.42M and revenue of 641.09M. Therefore, the gross margin over that period was 80.9%.
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%.
FNV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Franco-Nevada Corporation reported an operating income of 503.23M and revenue of 641.09M, resulting in an operating margin of 78.5%.
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%.
FNV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Franco-Nevada Corporation reported a net income of 462.11M and revenue of 641.09M, resulting in a net margin of 72.1%.
Frequently Asked Questions
CM and FNV have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNV has higher volatility (12.49%) compared to CM (7.65%). In terms of maximum drawdown, CM dropped -71.70% vs FNV's -58.76%.
CM currently has the higher Sharpe Ratio (3.46 vs 0.82), 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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