CM vs. JPM
CM (Canadian Imperial Bank of Commerce) and JPM (JPMorgan Chase & Co.) are both stocks. Both operate in the Banks - Diversified industry within the Financial Services sector. Over the past 10 years, CM returned 16.80%/yr vs 20.32%/yr for JPM. At a 0.48 correlation, their price movements are largely independent.
Performance
CM vs. JPM - 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 JPM's -2.52% return. Over the past 10 years, CM has underperformed JPM with an annualized return of 16.80%, while JPM has yielded a comparatively higher 20.32% 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%
JPM
- 1D
- -0.40%
- 1M
- 2.98%
- YTD
- -2.52%
- 6M
- -0.35%
- 1Y
- 19.35%
- 3Y*
- 33.18%
- 5Y*
- 16.72%
- 10Y*
- 20.32%
CM vs. JPM - 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% |
JPM JPMorgan Chase & Co. | -2.52% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -6.62% | 26.76% |
Correlation
The correlation between CM and JPM is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 1997 | 0.48 |
The correlation between CM and JPM has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.
Fundamentals
CM:
$74.47B
JPM:
$869.15B
CM:
$12.14
JPM:
$21.08
CM:
9.02
JPM:
14.76
CM:
1.11
JPM:
1.63
CM:
1.43
JPM:
3.05
CM:
1.28
JPM:
2.53
CM:
$61.84B
JPM:
$285.09B
CM:
$28.74B
JPM:
$173.52B
CM:
$13.01B
JPM:
$81.46B
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Return for Risk
CM vs. JPM — Risk / Return Rank
CM
JPM
CM vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Imperial Bank of Commerce (CM) and JPMorgan Chase & Co. (JPM). 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 | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.55 | ||
| Sortino ratioReturn per unit of downside risk | +3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.17 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 6.04 | 1.26 | +4.79 |
| Martin ratioReturn relative to average drawdown | 24.16 | 2.98 | +21.18 |
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 | JPM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.46 | 0.90 | +2.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.69 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.74 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.34 | +0.16 |
Drawdowns
CM vs. JPM - Drawdown Comparison
The maximum CM drawdown since its inception was -71.70%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for CM and JPM.
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Drawdown Indicators
| CM | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.70% | -76.16% | +4.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -15.47% | +4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -19.47% | -24.42% | +4.95% |
Max Drawdown (5Y)Largest decline over 5 years | -40.61% | -38.77% | -1.84% |
Max Drawdown (10Y)Largest decline over 10 years | -47.82% | -43.63% | -4.19% |
Current DrawdownCurrent decline from peak | -5.41% | -6.55% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -14.66% | -17.62% | +2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 6.50% | -3.81% |
Volatility
CM vs. JPM - Volatility Comparison
Canadian Imperial Bank of Commerce (CM) has a higher volatility of 7.65% compared to JPMorgan Chase & Co. (JPM) at 6.40%. This indicates that CM's price experiences larger fluctuations and is considered to be riskier than JPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CM | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 6.40% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 15.89% | 17.38% | -1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.91% | 21.62% | -2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.40% | 24.45% | -3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.61% | 27.40% | -4.79% |
Dividends
CM vs. JPM - Dividend Comparison
CM's dividend yield for the trailing twelve months is around 2.71%, more than JPM's 1.90% 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% |
JPM JPMorgan Chase & Co. | 1.90% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
Financials
CM vs. JPM - Financials Comparison
This section allows you to compare key financial metrics between Canadian Imperial Bank of Commerce and JPMorgan Chase & Co.. 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. JPM - 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%.
JPM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, JPMorgan Chase & Co. reported a gross profit of 47.33B and revenue of 73.66B. Therefore, the gross margin over that period was 64.3%.
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%.
JPM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, JPMorgan Chase & Co. reported an operating income of 20.48B and revenue of 73.66B, resulting in an operating margin of 27.8%.
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%.
JPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, JPMorgan Chase & Co. reported a net income of 16.49B and revenue of 73.66B, resulting in a net margin of 22.4%.
Frequently Asked Questions
CM and JPM have a correlation of 0.49, 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 JPM (6.40%). In terms of maximum drawdown, CM dropped -71.70% vs JPM's -76.16%.
CM currently has the higher Sharpe Ratio (3.46 vs 0.90), 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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