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 18.25%/yr vs 2.10%/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 31.96% return, which is significantly higher than T's -7.04% return. Over the past 10 years, CM has outperformed T with an annualized return of 18.25%, while T has yielded a comparatively lower 2.10% annualized return.
CM
- 1D
- -2.84%
- 1M
- 6.17%
- 6M
- 29.47%
- YTD
- 31.96%
- 1Y
- 65.91%
- 3Y*
- 45.62%
- 5Y*
- 21.86%
- 10Y*
- 18.25%
- ALL TIME*
- 13.79%
T
- 1D
- 0.64%
- 1M
- 2.62%
- 6M
- -2.84%
- YTD
- -7.04%
- 1Y
- -13.37%
- 3Y*
- 20.93%
- 5Y*
- 7.13%
- 10Y*
- 2.10%
- ALL TIME*
- 9.35%
CM vs. T - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CM Canadian Imperial Bank of Commerce | 31.96% | 49.02% | 37.83% | 27.23% | -25.71% | 42.29% | 9.25% | 19.22% | -19.75% | 26.58% |
T AT&T Inc. | -7.04% | 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 -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
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 -0.03 (1 year) to 0.30 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CM:
$109.15B
T:
$152.52B
CM:
CA$12.14
T:
$3.05
CM:
13.59
T:
7.19
CM:
1.68
T:
0.30
CM:
2.16
T:
1.25
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 | +3.94 | ||
| Sortino ratioReturn per unit of downside risk | +4.81 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 0.92 | +0.63 |
| Calmar ratioReturn relative to maximum drawdown | 6.14 | -0.46 | +6.61 |
| Martin ratioReturn relative to average drawdown | 23.92 | -1.03 | +24.95 |
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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% | -28.89% | +18.10% |
Max Drawdown (3Y)Largest decline over 3 years | -19.47% | -28.89% | +9.42% |
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 | -2.84% | -21.57% | +18.73% |
Average DrawdownAverage peak-to-trough decline | -14.61% | -15.74% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 12.94% | -10.18% |
Volatility
CM vs. T - Volatility Comparison
The current volatility for Canadian Imperial Bank of Commerce (CM) is 6.12%, while AT&T Inc. (T) has a volatility of 9.59%. This indicates that CM experiences smaller price fluctuations and is considered to be less risky than T based on this measure. 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 | 6.12% | 9.59% | -3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 16.61% | 19.91% | -3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.68% | 23.72% | -4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.46% | 24.38% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.62% | 23.92% | -1.30% |
Dividends
CM vs. T - Dividend Comparison
CM's dividend yield for the trailing twelve months is around 2.55%, less than T's 6.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CM Canadian Imperial Bank of Commerce | 2.55% | 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. | 6.58% | 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 -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
T has higher volatility (9.59%) compared to CM (6.12%). In terms of maximum drawdown, CM dropped -71.70% vs T's -64.15%.
CM currently has the higher Sharpe Ratio (3.37 vs -0.57), 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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