CM vs. GOOGL
CM (Canadian Imperial Bank of Commerce) and GOOGL (Alphabet Inc. Class A) are both stocks. CM operates in Banks - Diversified (Financial Services), while GOOGL operates in Internet Content & Information (Communication Services). Over the past 10 years, CM returned 17.15%/yr vs 26.53%/yr for GOOGL. At a 0.35 correlation, their price movements are largely independent.
Performance
CM vs. GOOGL - Performance Comparison
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Returns By Period
In the year-to-date period, CM achieves a 24.28% return, which is significantly higher than GOOGL's 17.73% return. Over the past 10 years, CM has underperformed GOOGL with an annualized return of 17.15%, while GOOGL has yielded a comparatively higher 26.53% annualized return.
CM
- 1D
- -1.05%
- 1M
- -3.29%
- YTD
- 24.28%
- 6M
- 22.27%
- 1Y
- 67.98%
- 3Y*
- 43.12%
- 5Y*
- 20.06%
- 10Y*
- 17.15%
GOOGL
- 1D
- 1.17%
- 1M
- -3.84%
- YTD
- 17.73%
- 6M
- 19.97%
- 1Y
- 121.48%
- 3Y*
- 44.32%
- 5Y*
- 25.32%
- 10Y*
- 26.53%
CM vs. GOOGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CM Canadian Imperial Bank of Commerce | 24.28% | 49.02% | 37.83% | 27.23% | -25.71% | 42.29% | 9.25% | 19.22% | -19.75% | 26.58% |
GOOGL Alphabet Inc. Class A | 17.73% | 65.99% | 36.01% | 58.32% | -39.09% | 65.30% | 30.85% | 28.18% | -0.80% | 32.93% |
Correlation
The correlation between CM and GOOGL is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2004 | 0.35 |
Fundamentals
CM:
$75.95B
GOOGL:
$4.50T
CM:
CA$12.14
GOOGL:
$13.11
CM:
13.01
GOOGL:
28.06
CM:
1.61
GOOGL:
1.38
CM:
2.07
GOOGL:
10.64
CM:
1.84
GOOGL:
9.41
CM:
CA$61.84B
GOOGL:
$422.57B
CM:
CA$28.74B
GOOGL:
$255.12B
CM:
CA$13.01B
GOOGL:
$174.08B
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Return for Risk
CM vs. GOOGL — Risk / Return Rank
CM
GOOGL
CM vs. GOOGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Imperial Bank of Commerce (CM) and Alphabet Inc. Class A (GOOGL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CM | GOOGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.62 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 6.43 | 5.58 | +0.85 |
| Martin ratioReturn relative to average drawdown | 25.18 | 19.64 | +5.54 |
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Drawdowns
CM vs. GOOGL - Drawdown Comparison
The maximum CM drawdown since its inception was -71.70%, which is greater than GOOGL's maximum drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for CM and GOOGL.
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Drawdown Indicators
| CM | GOOGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.70% | -65.29% | -6.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -20.37% | +9.58% |
Max Drawdown (3Y)Largest decline over 3 years | -19.47% | -29.81% | +10.34% |
Max Drawdown (5Y)Largest decline over 5 years | -40.61% | -44.32% | +3.71% |
Max Drawdown (10Y)Largest decline over 10 years | -47.82% | -44.32% | -3.50% |
Current DrawdownCurrent decline from peak | -3.53% | -8.54% | +5.01% |
Average DrawdownAverage peak-to-trough decline | -14.65% | -13.01% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 5.79% | -3.04% |
Volatility
CM vs. GOOGL - Volatility Comparison
Canadian Imperial Bank of Commerce (CM) and Alphabet Inc. Class A (GOOGL) have volatilities of 7.78% and 8.18%, 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 | GOOGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 8.18% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 16.02% | 20.99% | -4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.03% | 29.50% | -10.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.41% | 31.38% | -9.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.61% | 29.14% | -6.53% |
Dividends
CM vs. GOOGL - Dividend Comparison
CM's dividend yield for the trailing twelve months is around 2.65%, more than GOOGL's 0.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CM Canadian Imperial Bank of Commerce | 2.65% | 3.17% | 4.21% | 5.88% | 7.77% | 4.08% | 5.06% | 6.47% | 5.48% | 5.28% | 5.93% | 6.71% |
GOOGL Alphabet Inc. Class A | 0.23% | 0.27% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CM vs. GOOGL - Financials Comparison
This section allows you to compare key financial metrics between Canadian Imperial Bank of Commerce and Alphabet Inc. Class A. 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. GOOGL - 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%.
GOOGL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a gross profit of 68.63B and revenue of 109.90B. Therefore, the gross margin over that period was 62.5%.
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%.
GOOGL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported an operating income of 39.70B and revenue of 109.90B, resulting in an operating margin of 36.1%.
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%.
GOOGL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a net income of 62.58B and revenue of 109.90B, resulting in a net margin of 56.9%.
Frequently Asked Questions
CM and GOOGL have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOGL has higher volatility (8.18%) compared to CM (7.78%). In terms of maximum drawdown, CM dropped -71.70% vs GOOGL's -65.29%.
GOOGL currently has the higher Sharpe Ratio (3.86 vs 3.65), 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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