CM vs. TLT
Compare and contrast key facts about Canadian Imperial Bank of Commerce (CM) and iShares 20+ Year Treasury Bond ETF (TLT).
TLT is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jul 22, 2002.
Performance
CM vs. TLT - Performance Comparison
Loading graphics...
CM vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CM Canadian Imperial Bank of Commerce | 5.43% | 49.02% | 37.83% | 27.23% | -25.71% | 42.29% | 9.25% | 19.22% | -19.75% | 26.58% |
TLT iShares 20+ Year Treasury Bond ETF | 0.17% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Returns By Period
In the year-to-date period, CM achieves a 5.43% return, which is significantly higher than TLT's 0.17% return. Over the past 10 years, CM has outperformed TLT with an annualized return of 15.94%, while TLT has yielded a comparatively lower -1.38% annualized return.
CM
- 1D
- 3.21%
- 1M
- -5.38%
- YTD
- 5.43%
- 6M
- 20.59%
- 1Y
- 74.37%
- 3Y*
- 37.30%
- 5Y*
- 20.04%
- 10Y*
- 15.94%
TLT
- 1D
- -0.10%
- 1M
- -4.23%
- YTD
- 0.17%
- 6M
- -0.87%
- 1Y
- -0.49%
- 3Y*
- -2.78%
- 5Y*
- -5.85%
- 10Y*
- -1.38%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CM vs. TLT — Risk / Return Rank
CM
TLT
CM vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Imperial Bank of Commerce (CM) and iShares 20+ Year Treasury Bond ETF (TLT). 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 | TLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.09 | -0.04 | +4.13 |
Sortino ratioReturn per unit of downside risk | 5.12 | 0.02 | +5.10 |
Omega ratioGain probability vs. loss probability | 1.70 | 1.00 | +0.70 |
Calmar ratioReturn relative to maximum drawdown | 6.93 | 0.05 | +6.88 |
Martin ratioReturn relative to average drawdown | 30.75 | 0.11 | +30.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| CM | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.09 | -0.04 | +4.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | -0.37 | +1.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | -0.09 | +0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.26 | +0.23 |
Correlation
The correlation between CM and TLT is -0.19. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
CM vs. TLT - Dividend Comparison
CM's dividend yield for the trailing twelve months is around 3.13%, less than TLT's 4.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CM Canadian Imperial Bank of Commerce | 3.13% | 3.17% | 4.21% | 5.88% | 7.77% | 4.08% | 5.06% | 6.47% | 5.48% | 5.28% | 5.93% | 6.71% |
TLT iShares 20+ Year Treasury Bond ETF | 4.49% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Drawdowns
CM vs. TLT - Drawdown Comparison
The maximum CM drawdown since its inception was -71.70%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for CM and TLT.
Loading graphics...
Drawdown Indicators
| CM | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.70% | -48.35% | -23.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -9.23% | -1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -40.61% | -43.70% | +3.09% |
Max Drawdown (10Y)Largest decline over 10 years | -47.82% | -48.35% | +0.53% |
Current DrawdownCurrent decline from peak | -7.92% | -40.17% | +32.25% |
Average DrawdownAverage peak-to-trough decline | -14.74% | -13.62% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 4.38% | -1.95% |
Volatility
CM vs. TLT - Volatility Comparison
Canadian Imperial Bank of Commerce (CM) has a higher volatility of 7.43% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 3.71%. This indicates that CM's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| CM | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 3.71% | +3.72% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 6.61% | +7.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.30% | 11.44% | +6.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.07% | 15.90% | +5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.51% | 14.93% | +7.58% |