ITW vs. CBSH
ITW (Illinois Tool Works Inc.) and CBSH (Commerce Bancshares, Inc.) are both stocks. ITW operates in Specialty Industrial Machinery (Industrials), while CBSH operates in Banks - Regional (Financial Services). Over the past 10 years, ITW returned 11.44%/yr vs 8.13%/yr for CBSH. At a 0.36 correlation, their price movements are largely independent.
Performance
ITW vs. CBSH - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with ITW having a 3.12% return and CBSH slightly higher at 3.13%. Over the past 10 years, ITW has outperformed CBSH with an annualized return of 11.44%, while CBSH has yielded a comparatively lower 8.13% annualized return.
ITW
- 1D
- -0.13%
- 1M
- -0.93%
- YTD
- 3.12%
- 6M
- 3.02%
- 1Y
- 4.53%
- 3Y*
- 4.47%
- 5Y*
- 4.08%
- 10Y*
- 11.44%
CBSH
- 1D
- 0.68%
- 1M
- 3.47%
- YTD
- 3.13%
- 6M
- 3.39%
- 1Y
- -9.82%
- 3Y*
- 8.69%
- 5Y*
- -0.43%
- 10Y*
- 8.13%
ITW vs. CBSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITW Illinois Tool Works Inc. | 3.12% | -0.43% | -0.97% | 21.56% | -8.46% | 23.60% | 16.42% | 45.60% | -22.10% | 38.92% |
CBSH Commerce Bancshares, Inc. | 3.13% | -10.16% | 24.71% | -15.91% | 5.56% | 11.44% | 3.71% | 28.74% | 7.52% | 3.07% |
Correlation
The correlation between ITW and CBSH is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 1987 | 0.36 |
The correlation between ITW and CBSH shifts across timeframes, from 0.36 (all time) to 0.53 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ITW:
$14.33
CBSH:
$4.20
ITW:
17.61
CBSH:
12.71
ITW:
2.92
CBSH:
5.11
ITW:
3.40
CBSH:
3.49
ITW:
$16.22B
CBSH:
$2.10B
ITW:
$7.16B
CBSH:
$1.31B
ITW:
$4.61B
CBSH:
$614.94M
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
ITW vs. CBSH — Risk / Return Rank
ITW
CBSH
ITW vs. CBSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Illinois Tool Works Inc. (ITW) and Commerce Bancshares, Inc. (CBSH). 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.
| ITW | CBSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.93 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | -0.42 | +0.68 |
| Martin ratioReturn relative to average drawdown | 0.59 | -0.68 | +1.26 |
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 charts...
Sharpe Ratios by Period
| ITW | CBSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | -0.47 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | -0.02 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.31 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.50 | +0.02 |
Drawdowns
ITW vs. CBSH - Drawdown Comparison
The maximum ITW drawdown since its inception was -54.90%, which is greater than CBSH's maximum drawdown of -44.70%. Use the drawdown chart below to compare losses from any high point for ITW and CBSH.
Loading charts...
Drawdown Indicators
| ITW | CBSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.90% | -44.70% | -10.20% |
Max Drawdown (1Y)Largest decline over 1 year | -17.44% | -23.44% | +6.00% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | -27.63% | +7.00% |
Max Drawdown (5Y)Largest decline over 5 years | -28.05% | -38.02% | +9.97% |
Max Drawdown (10Y)Largest decline over 10 years | -37.85% | -38.23% | +0.38% |
Current DrawdownCurrent decline from peak | -15.22% | -18.18% | +2.96% |
Average DrawdownAverage peak-to-trough decline | -9.83% | -9.23% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.75% | 14.49% | -6.74% |
Volatility
ITW vs. CBSH - Volatility Comparison
The current volatility for Illinois Tool Works Inc. (ITW) is 3.43%, while Commerce Bancshares, Inc. (CBSH) has a volatility of 5.34%. This indicates that ITW experiences smaller price fluctuations and is considered to be less risky than CBSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ITW | CBSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 5.34% | -1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 15.75% | 13.57% | +2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.29% | 21.05% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.07% | 24.32% | -3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.81% | 26.48% | -2.67% |
Dividends
ITW vs. CBSH - Dividend Comparison
ITW's dividend yield for the trailing twelve months is around 2.51%, more than CBSH's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBSH Commerce Bancshares, Inc. | 2.04% | 2.03% | 1.67% | 1.95% | 1.50% | 1.47% | 2.00% | 1.48% | 1.61% | 1.55% | 2.93% | 2.04% |
ITW Illinois Tool Works Inc. | 2.51% | 2.53% | 2.29% | 2.07% | 2.30% | 1.91% | 2.17% | 2.30% | 2.81% | 1.71% | 1.96% | 2.23% |
Financials
ITW vs. CBSH - Financials Comparison
This section allows you to compare key financial metrics between Illinois Tool Works Inc. and Commerce Bancshares, 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
ITW vs. CBSH - Profitability Comparison
ITW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Illinois Tool Works Inc. reported a gross profit of 1.76B and revenue of 4.02B. Therefore, the gross margin over that period was 43.8%.
CBSH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Commerce Bancshares, Inc. reported a gross profit of 0.00 and revenue of 475.69M. Therefore, the gross margin over that period was 0.0%.
ITW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Illinois Tool Works Inc. reported an operating income of 1.02B and revenue of 4.02B, resulting in an operating margin of 25.4%.
CBSH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Commerce Bancshares, Inc. reported an operating income of 0.00 and revenue of 475.69M, resulting in an operating margin of 0.0%.
ITW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Illinois Tool Works Inc. reported a net income of 768.00M and revenue of 4.02B, resulting in a net margin of 19.1%.
CBSH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Commerce Bancshares, Inc. reported a net income of 141.62M and revenue of 475.69M, resulting in a net margin of 29.8%.
Frequently Asked Questions
ITW and CBSH have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBSH has higher volatility (5.34%) compared to ITW (3.43%). In terms of maximum drawdown, ITW dropped -54.90% vs CBSH's -44.70%.
ITW currently has the higher Sharpe Ratio (0.22 vs -0.47), 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.
Find the right allocation for ITW and CBSH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer