COR vs. CM.TO
COR (Cencora Inc.) and CM.TO (Canadian Imperial Bank of Commerce) are both stocks. COR operates in Medical Distribution (Healthcare), while CM.TO operates in Banks - Diversified (Financial Services). Over the past 10 years, COR returned 17.00%/yr vs 19.63%/yr for CM.TO. At a 0.22 correlation, their price movements are largely independent.
Performance
COR vs. CM.TO - Performance Comparison
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Different Trading Currencies
COR is traded in USD, while CM.TO is traded in CAD. To make them comparable, the CM.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, COR achieves a -18.53% return, which is significantly lower than CM.TO's 21.72% return. Over the past 10 years, COR has underperformed CM.TO with an annualized return of 17.00%, while CM.TO has yielded a comparatively higher 19.63% annualized return.
COR
- 1D
- -0.35%
- 1M
- 5.22%
- YTD
- -18.53%
- 6M
- -18.54%
- 1Y
- -4.43%
- 3Y*
- 16.42%
- 5Y*
- 20.49%
- 10Y*
- 17.00%
CM.TO
- 1D
- 0.43%
- 1M
- -0.49%
- YTD
- 21.72%
- 6M
- 23.40%
- 1Y
- 64.82%
- 3Y*
- 43.58%
- 5Y*
- 19.52%
- 10Y*
- 19.63%
COR vs. CM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COR Cencora Inc. | -18.53% | 51.48% | 10.37% | 25.33% | 26.26% | 44.09% | 23.37% | 23.51% | -17.57% | 19.51% |
CM.TO Canadian Imperial Bank of Commerce | 21.72% | 49.12% | 37.89% | 26.85% | -25.60% | 47.82% | 16.65% | 23.27% | -15.72% | 31.40% |
Correlation
The correlation between COR and CM.TO is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2006 | 0.22 |
The correlation between COR and CM.TO shifts across timeframes, from 0.05 (3 years) to 0.22 (all time), reflecting how their relationship changes across market environments.
Fundamentals
COR:
$53.55B
CM.TO:
CA$141.37B
COR:
$13.07
CM.TO:
CA$10.53
COR:
20.97
CM.TO:
14.52
COR:
9.96
CM.TO:
1.79
COR:
0.16
CM.TO:
2.68
COR:
15.76
CM.TO:
2.42
COR:
$328.68B
CM.TO:
CA$53.25B
COR:
$11.66B
CM.TO:
CA$28.73B
COR:
$3.64B
CM.TO:
CA$13.01B
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Return for Risk
COR vs. CM.TO — Risk / Return Rank
COR
CM.TO
COR vs. CM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cencora Inc. (COR) and Canadian Imperial Bank of Commerce (CM.TO). 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.
| COR | CM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.80 | ||
| Sortino ratioReturn per unit of downside risk | -4.42 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.63 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 6.16 | -6.30 |
| Martin ratioReturn relative to average drawdown | -0.39 | 24.45 | -24.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COR | CM.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 3.66 | -3.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 1.01 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.93 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.60 | -0.06 |
Drawdowns
COR vs. CM.TO - Drawdown Comparison
The maximum COR drawdown since its inception was -71.01%, roughly equal to the maximum CM.TO drawdown of -69.60%. Use the drawdown chart below to compare losses from any high point for COR and CM.TO.
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Drawdown Indicators
| COR | CM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.01% | -69.60% | -1.41% |
Max Drawdown (1Y)Largest decline over 1 year | -32.44% | -10.57% | -21.87% |
Max Drawdown (3Y)Largest decline over 3 years | -32.44% | -19.54% | -12.90% |
Max Drawdown (5Y)Largest decline over 5 years | -32.44% | -41.24% | +8.80% |
Max Drawdown (10Y)Largest decline over 10 years | -32.44% | -44.98% | +12.54% |
Current DrawdownCurrent decline from peak | -26.57% | -5.83% | -20.74% |
Average DrawdownAverage peak-to-trough decline | -13.62% | -12.48% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.26% | 2.66% | +8.60% |
Volatility
COR vs. CM.TO - Volatility Comparison
The current volatility for Cencora Inc. (COR) is 7.05%, while Canadian Imperial Bank of Commerce (CM.TO) has a volatility of 7.79%. This indicates that COR experiences smaller price fluctuations and is considered to be less risky than CM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COR | CM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.05% | 7.79% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 26.87% | 14.98% | +11.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.25% | 17.85% | +12.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.34% | 19.46% | +2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.49% | 21.23% | +6.26% |
Dividends
COR vs. CM.TO - Dividend Comparison
COR's dividend yield for the trailing twelve months is around 0.86%, less than CM.TO's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CM.TO Canadian Imperial Bank of Commerce | 2.67% | 3.20% | 4.04% | 5.47% | 7.52% | 8.13% | 10.74% | 10.51% | 10.58% | 8.39% | 8.84% | 9.69% |
COR Cencora Inc. | 0.86% | 0.67% | 0.93% | 0.96% | 1.13% | 5.13% | 6.74% | 7.48% | 2.07% | 1.61% | 1.77% | 1.17% |
Financials
COR vs. CM.TO - Financials Comparison
This section allows you to compare key financial metrics between Cencora Inc. and Canadian Imperial Bank of Commerce. 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
COR vs. CM.TO - Profitability Comparison
COR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cencora Inc. reported a gross profit of 3.59B and revenue of 78.36B. Therefore, the gross margin over that period was 4.6%.
CM.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Canadian Imperial Bank of Commerce reported a gross profit of 7.36B and revenue of 15.23B. Therefore, the gross margin over that period was 48.4%.
COR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cencora Inc. reported an operating income of 1.14B and revenue of 78.36B, resulting in an operating margin of 1.5%.
CM.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Canadian Imperial Bank of Commerce reported an operating income of 3.20B and revenue of 15.23B, resulting in an operating margin of 21.0%.
COR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cencora Inc. reported a net income of 1.64B and revenue of 78.36B, resulting in a net margin of 2.1%.
CM.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canadian Imperial Bank of Commerce reported a net income of 2.46B and revenue of 15.23B, resulting in a net margin of 16.1%.
Frequently Asked Questions
COR and CM.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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