CM vs. KBE
Compare and contrast key facts about Canadian Imperial Bank of Commerce (CM) and SPDR S&P Bank ETF (KBE).
KBE is a passively managed fund by State Street that tracks the performance of the S&P Banks Select Industry Index. It was launched on Nov 8, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CM or KBE.
Key characteristics
| CM | KBE | |
|---|---|---|
| YTD Return | 36.32% | 19.34% |
| 1Y Return | 75.56% | 43.91% |
| 3Y Return (Ann) | 8.20% | 0.72% |
| 5Y Return (Ann) | 15.72% | 6.19% |
| 10Y Return (Ann) | 10.28% | 7.39% |
| Sharpe Ratio | 3.97 | 1.97 |
| Sortino Ratio | 5.72 | 2.79 |
| Omega Ratio | 1.71 | 1.34 |
| Calmar Ratio | 2.09 | 1.35 |
| Martin Ratio | 23.82 | 11.02 |
| Ulcer Index | 3.28% | 4.40% |
| Daily Std Dev | 19.64% | 24.48% |
| Max Drawdown | -70.55% | -83.15% |
| Current Drawdown | -0.16% | -4.47% |
Correlation
The correlation between CM and KBE is 0.57, 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.
Performance
CM vs. KBE - Performance Comparison
In the year-to-date period, CM achieves a 36.32% return, which is significantly higher than KBE's 19.34% return. Over the past 10 years, CM has outperformed KBE with an annualized return of 10.28%, while KBE has yielded a comparatively lower 7.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CM vs. KBE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Imperial Bank of Commerce (CM) and SPDR S&P Bank ETF (KBE). 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.
Dividends
CM vs. KBE - Dividend Comparison
CM's dividend yield for the trailing twelve months is around 4.22%, more than KBE's 2.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CM Canadian Imperial Bank of Commerce | 4.22% | 5.42% | 6.23% | 5.77% | 8.48% | 10.73% | 5.47% | 4.09% | 4.48% | 8.64% | 4.18% | 4.30% |
KBE SPDR S&P Bank ETF | 2.43% | 2.78% | 2.99% | 2.16% | 2.44% | 2.33% | 2.18% | 1.36% | 1.39% | 1.70% | 1.59% | 1.37% |
Drawdowns
CM vs. KBE - Drawdown Comparison
The maximum CM drawdown since its inception was -70.55%, smaller than the maximum KBE drawdown of -83.15%. Use the drawdown chart below to compare losses from any high point for CM and KBE. For additional features, visit the drawdowns tool.
Volatility
CM vs. KBE - Volatility Comparison
The current volatility for Canadian Imperial Bank of Commerce (CM) is 4.00%, while SPDR S&P Bank ETF (KBE) has a volatility of 6.53%. This indicates that CM experiences smaller price fluctuations and is considered to be less risky than KBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.