CM vs. T
CM (Canadian Imperial Bank of Commerce) and T (AT&T Inc.) are both stocks. CM operates in Banks - Diversified (Financial Services), while T operates in Telecom Services (Communication Services). Over the past 10 years, CM returned 17.46%/yr vs 3.33%/yr for T. At a 0.28 correlation, their price movements are largely independent.
Performance
CM vs. T - Performance Comparison
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Returns By Period
In the year-to-date period, CM achieves a 26.25% return, which is significantly higher than T's -2.96% return. Over the past 10 years, CM has outperformed T with an annualized return of 17.46%, while T has yielded a comparatively lower 3.33% annualized return.
CM
- 1D
- 1.45%
- 1M
- 1.94%
- YTD
- 26.25%
- 6M
- 24.24%
- 1Y
- 72.55%
- 3Y*
- 45.12%
- 5Y*
- 19.94%
- 10Y*
- 17.46%
T
- 1D
- 2.52%
- 1M
- -1.87%
- YTD
- -2.96%
- 6M
- -1.93%
- 1Y
- -12.71%
- 3Y*
- 20.58%
- 5Y*
- 7.38%
- 10Y*
- 3.33%
CM vs. T - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CM Canadian Imperial Bank of Commerce | 26.25% | 49.02% | 37.83% | 27.23% | -25.71% | 42.29% | 9.25% | 19.22% | -19.75% | 26.58% |
T AT&T Inc. | -2.96% | 13.97% | 44.08% | -2.74% | 5.76% | -8.09% | -21.37% | 45.55% | -22.25% | -4.01% |
Correlation
The correlation between CM and T is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 1997 | 0.28 |
The correlation between CM and T shifts across timeframes, from -0.02 (1 year) to 0.31 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CM:
CA$12.14
T:
$3.04
CM:
13.06
T:
7.74
CM:
1.61
T:
0.32
CM:
2.07
T:
1.35
CM:
CA$61.84B
T:
$125.65B
CM:
CA$28.74B
T:
$105.41B
CM:
CA$13.01B
T:
$54.70B
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Return for Risk
CM vs. T — Risk / Return Rank
CM
T
CM vs. T - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Imperial Bank of Commerce (CM) and AT&T Inc. (T). 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 | T | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.41 | ||
| Sortino ratioReturn per unit of downside risk | +5.38 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 0.92 | +0.72 |
| Calmar ratioReturn relative to maximum drawdown | 6.72 | -0.59 | +7.31 |
| Martin ratioReturn relative to average drawdown | 26.46 | -1.22 | +27.68 |
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Drawdowns
CM vs. T - Drawdown Comparison
The maximum CM drawdown since its inception was -71.70%, which is greater than T's maximum drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for CM and T.
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Drawdown Indicators
| CM | T | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.70% | -64.15% | -7.55% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -21.87% | +11.08% |
Max Drawdown (3Y)Largest decline over 3 years | -19.47% | -21.87% | +2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -40.61% | -32.01% | -8.60% |
Max Drawdown (10Y)Largest decline over 10 years | -47.82% | -42.35% | -5.47% |
Current DrawdownCurrent decline from peak | -2.00% | -18.12% | +16.12% |
Average DrawdownAverage peak-to-trough decline | -14.65% | -15.72% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 10.64% | -7.91% |
Volatility
CM vs. T - Volatility Comparison
Canadian Imperial Bank of Commerce (CM) and AT&T Inc. (T) have volatilities of 7.83% and 8.21%, 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 | T | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.83% | 8.21% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 15.94% | 17.80% | -1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.95% | 22.13% | -3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.42% | 24.01% | -2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.61% | 23.73% | -1.12% |
Dividends
CM vs. T - Dividend Comparison
CM's dividend yield for the trailing twelve months is around 2.61%, less than T's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CM Canadian Imperial Bank of Commerce | 2.61% | 3.17% | 4.21% | 5.88% | 7.77% | 4.08% | 5.06% | 6.47% | 5.48% | 5.28% | 5.93% | 6.71% |
T AT&T Inc. | 4.71% | 4.47% | 4.87% | 6.62% | 6.66% | 8.46% | 7.23% | 5.22% | 7.01% | 5.04% | 4.51% | 5.46% |
Financials
CM vs. T - Financials Comparison
This section allows you to compare key financial metrics between Canadian Imperial Bank of Commerce and AT&T Inc.. 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
Frequently Asked Questions
CM and T have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
T has higher volatility (8.21%) compared to CM (7.83%). In terms of maximum drawdown, CM dropped -71.70% vs T's -64.15%.
CM currently has the higher Sharpe Ratio (3.82 vs -0.59), 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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