CM vs. XLF
Compare and contrast key facts about Canadian Imperial Bank of Commerce (CM) and Financial Select Sector SPDR Fund (XLF).
XLF is a passively managed fund by State Street that tracks the performance of the Financial Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CM or XLF.
Key characteristics
| CM | XLF | |
|---|---|---|
| YTD Return | 36.32% | 24.49% |
| 1Y Return | 75.56% | 39.25% |
| 3Y Return (Ann) | 8.20% | 6.96% |
| 5Y Return (Ann) | 15.72% | 11.55% |
| 10Y Return (Ann) | 10.28% | 13.56% |
| Sharpe Ratio | 3.97 | 3.32 |
| Sortino Ratio | 5.72 | 4.34 |
| Omega Ratio | 1.71 | 1.57 |
| Calmar Ratio | 2.09 | 2.54 |
| Martin Ratio | 23.82 | 21.37 |
| Ulcer Index | 3.28% | 1.92% |
| Daily Std Dev | 19.64% | 12.36% |
| Max Drawdown | -70.55% | -82.43% |
| Current Drawdown | -0.16% | -2.81% |
Correlation
The correlation between CM and XLF is 0.55, 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. XLF - Performance Comparison
In the year-to-date period, CM achieves a 36.32% return, which is significantly higher than XLF's 24.49% return. Over the past 10 years, CM has underperformed XLF with an annualized return of 10.28%, while XLF has yielded a comparatively higher 13.56% 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. XLF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Imperial Bank of Commerce (CM) and Financial Select Sector SPDR Fund (XLF). 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. XLF - Dividend Comparison
CM's dividend yield for the trailing twelve months is around 4.22%, more than XLF's 1.44% 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% |
XLF Financial Select Sector SPDR Fund | 1.44% | 1.71% | 2.04% | 1.63% | 2.03% | 1.87% | 2.08% | 1.48% | 1.63% | 2.40% | 1.98% | 1.81% |
Drawdowns
CM vs. XLF - Drawdown Comparison
The maximum CM drawdown since its inception was -70.55%, smaller than the maximum XLF drawdown of -82.43%. Use the drawdown chart below to compare losses from any high point for CM and XLF. For additional features, visit the drawdowns tool.
Volatility
CM vs. XLF - Volatility Comparison
Canadian Imperial Bank of Commerce (CM) and Financial Select Sector SPDR Fund (XLF) have volatilities of 4.00% and 3.98%, 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.