DFY.TO vs. CM.TO
DFY.TO (Definity Financial Corp) and CM.TO (Canadian Imperial Bank of Commerce) are both stocks. Both are in the Financial Services sector — DFY.TO in Insurance - Property & Casualty, CM.TO in Banks - Diversified. Over the past 3 years, DFY.TO returned 26.58%/yr vs 45.63%/yr for CM.TO. At a 0.26 correlation, their price movements are largely independent.
Performance
DFY.TO vs. CM.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DFY.TO achieves a -7.17% return, which is significantly lower than CM.TO's 23.94% return.
DFY.TO
- 1D
- 2.57%
- 1M
- 2.45%
- YTD
- -7.17%
- 6M
- -0.04%
- 1Y
- -4.42%
- 3Y*
- 26.58%
- 5Y*
- —
- 10Y*
- —
CM.TO
- 1D
- 0.71%
- 1M
- 1.58%
- YTD
- 23.94%
- 6M
- 24.38%
- 1Y
- 68.16%
- 3Y*
- 45.63%
- 5Y*
- 22.94%
- 10Y*
- 20.73%
DFY.TO vs. CM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DFY.TO Definity Financial Corp | -7.17% | 31.30% | 57.75% | -0.94% | 32.39% | 5.46% |
CM.TO Canadian Imperial Bank of Commerce | 23.94% | 42.31% | 49.56% | 23.83% | -20.89% | 1.04% |
Correlation
The correlation between DFY.TO and CM.TO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2021 | 0.26 |
The correlation between DFY.TO and CM.TO shifts across timeframes, from 0.12 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
Fundamentals
DFY.TO:
CA$8.56B
CM.TO:
CA$141.37B
DFY.TO:
CA$3.24
CM.TO:
CA$10.53
DFY.TO:
21.68
CM.TO:
14.52
DFY.TO:
1.33
CM.TO:
1.79
DFY.TO:
1.50
CM.TO:
2.68
DFY.TO:
2.10
CM.TO:
2.42
DFY.TO:
CA$5.62B
CM.TO:
CA$53.25B
DFY.TO:
CA$2.65B
CM.TO:
CA$28.73B
DFY.TO:
CA$733.60M
CM.TO:
CA$13.01B
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Return for Risk
DFY.TO vs. CM.TO — Risk / Return Rank
DFY.TO
CM.TO
DFY.TO vs. CM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Definity Financial Corp (DFY.TO) 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.
| DFY.TO | CM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.11 | ||
| Sortino ratioReturn per unit of downside risk | -4.92 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.68 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 7.52 | -7.74 |
| Martin ratioReturn relative to average drawdown | -0.38 | 27.92 | -28.29 |
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
| DFY.TO | CM.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | 3.92 | -4.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.27 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.74 | +0.33 |
Drawdowns
DFY.TO vs. CM.TO - Drawdown Comparison
The maximum DFY.TO drawdown since its inception was -20.98%, smaller than the maximum CM.TO drawdown of -58.49%. Use the drawdown chart below to compare losses from any high point for DFY.TO and CM.TO.
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Drawdown Indicators
| DFY.TO | CM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -58.49% | +37.51% |
Max Drawdown (1Y)Largest decline over 1 year | -20.98% | -9.11% | -11.87% |
Max Drawdown (3Y)Largest decline over 3 years | -20.98% | -16.57% | -4.41% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.02% | — |
Current DrawdownCurrent decline from peak | -10.74% | -4.86% | -5.88% |
Average DrawdownAverage peak-to-trough decline | -6.38% | -9.29% | +2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.76% | 2.45% | +9.31% |
Volatility
DFY.TO vs. CM.TO - Volatility Comparison
Definity Financial Corp (DFY.TO) has a higher volatility of 8.76% compared to Canadian Imperial Bank of Commerce (CM.TO) at 7.78%. This indicates that DFY.TO's price experiences larger fluctuations and is considered to be riskier 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
| DFY.TO | CM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.76% | 7.78% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 17.93% | 14.82% | +3.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.40% | 17.53% | +4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.51% | 18.21% | +5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.51% | 19.92% | +3.59% |
Dividends
DFY.TO vs. CM.TO - Dividend Comparison
DFY.TO's dividend yield for the trailing twelve months is around 1.11%, 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% |
DFY.TO Definity Financial Corp | 1.11% | 0.99% | 1.09% | 1.47% | 1.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
DFY.TO vs. CM.TO - Financials Comparison
This section allows you to compare key financial metrics between Definity Financial Corp 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
DFY.TO vs. CM.TO - Profitability Comparison
DFY.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Definity Financial Corp reported a gross profit of 1.92B and revenue of 1.92B. Therefore, the gross margin over that period was 100.0%.
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%.
DFY.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Definity Financial Corp reported an operating income of 92.20M and revenue of 1.92B, resulting in an operating margin of 4.8%.
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%.
DFY.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Definity Financial Corp reported a net income of 63.90M and revenue of 1.92B, resulting in a net margin of 3.3%.
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
DFY.TO and CM.TO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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