JNJ vs. CM.TO
JNJ (Johnson & Johnson) and CM.TO (Canadian Imperial Bank of Commerce) are both stocks. JNJ operates in Drug Manufacturers - General (Healthcare), while CM.TO operates in Banks - Diversified (Financial Services). Over the past 10 years, JNJ returned 10.46%/yr vs 20.30%/yr for CM.TO. At a 0.22 correlation, their price movements are largely independent.
Performance
JNJ vs. CM.TO - Performance Comparison
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Different Trading Currencies
JNJ 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, JNJ achieves a 17.68% return, which is significantly lower than CM.TO's 25.91% return. Over the past 10 years, JNJ has underperformed CM.TO with an annualized return of 10.46%, while CM.TO has yielded a comparatively higher 20.30% annualized return.
JNJ
- 1D
- 1.07%
- 1M
- 5.14%
- YTD
- 17.68%
- 6M
- 15.11%
- 1Y
- 57.60%
- 3Y*
- 17.82%
- 5Y*
- 10.94%
- 10Y*
- 10.46%
CM.TO
- 1D
- 1.41%
- 1M
- 3.02%
- YTD
- 25.91%
- 6M
- 24.33%
- 1Y
- 72.89%
- 3Y*
- 45.03%
- 5Y*
- 20.30%
- 10Y*
- 20.30%
JNJ vs. CM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JNJ Johnson & Johnson | 17.68% | 47.48% | -4.81% | -8.58% | 5.97% | 11.44% | 10.82% | 16.22% | -5.13% | 24.43% |
CM.TO Canadian Imperial Bank of Commerce | 25.91% | 49.12% | 37.89% | 26.85% | -25.60% | 47.82% | 16.65% | 23.27% | -15.72% | 31.40% |
Correlation
The correlation between JNJ and CM.TO is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | 0.22 |
Over the past year, the correlation between JNJ and CM.TO has dropped to 0.01 - well below their long-term average of 0.22, suggesting their price drivers have been diverging.
Fundamentals
JNJ:
$588.98B
CM.TO:
CA$146.70B
JNJ:
$8.65
CM.TO:
CA$10.53
JNJ:
27.85
CM.TO:
15.07
JNJ:
0.93
CM.TO:
1.85
JNJ:
6.08
CM.TO:
2.78
JNJ:
7.25
CM.TO:
2.51
JNJ:
$96.36B
CM.TO:
CA$53.25B
JNJ:
$66.60B
CM.TO:
CA$28.73B
JNJ:
$31.62B
CM.TO:
CA$13.01B
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Return for Risk
JNJ vs. CM.TO — Risk / Return Rank
JNJ
CM.TO
JNJ vs. CM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Johnson & Johnson (JNJ) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JNJ | CM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.70 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.28 | 6.93 | -1.65 |
| Martin ratioReturn relative to average drawdown | 15.52 | 26.96 | -11.43 |
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Drawdowns
JNJ vs. CM.TO - Drawdown Comparison
The maximum JNJ drawdown since its inception was -50.67%, smaller than the maximum CM.TO drawdown of -69.60%. Use the drawdown chart below to compare losses from any high point for JNJ and CM.TO.
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Drawdown Indicators
| JNJ | CM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.67% | -69.60% | +18.93% |
Max Drawdown (1Y)Largest decline over 1 year | -10.96% | -10.57% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -19.54% | +3.59% |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | -41.24% | +22.83% |
Max Drawdown (10Y)Largest decline over 10 years | -27.37% | -44.98% | +17.61% |
Current DrawdownCurrent decline from peak | -2.54% | -2.58% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -11.90% | -12.48% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 2.71% | +1.01% |
Volatility
JNJ vs. CM.TO - Volatility Comparison
The current volatility for Johnson & Johnson (JNJ) is 5.47%, while Canadian Imperial Bank of Commerce (CM.TO) has a volatility of 7.91%. This indicates that JNJ 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
| JNJ | CM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 7.91% | -2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 12.16% | 15.10% | -2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.94% | 17.89% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 19.47% | -2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.48% | 21.22% | -2.74% |
Dividends
JNJ vs. CM.TO - Dividend Comparison
JNJ's dividend yield for the trailing twelve months is around 2.18%, less than CM.TO's 2.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CM.TO Canadian Imperial Bank of Commerce | 2.57% | 3.20% | 4.04% | 5.47% | 7.52% | 8.13% | 10.74% | 10.51% | 10.58% | 8.39% | 8.84% | 9.69% |
JNJ Johnson & Johnson | 2.18% | 2.48% | 3.40% | 3.00% | 2.52% | 2.45% | 2.53% | 2.57% | 2.74% | 2.38% | 2.73% | 2.87% |
Financials
JNJ vs. CM.TO - Financials Comparison
This section allows you to compare key financial metrics between Johnson & Johnson 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
JNJ vs. CM.TO - Profitability Comparison
JNJ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported a gross profit of 17.20B and revenue of 24.06B. Therefore, the gross margin over that period was 71.5%.
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%.
JNJ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported an operating income of 6.40B and revenue of 24.06B, resulting in an operating margin of 26.6%.
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%.
JNJ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported a net income of 5.24B and revenue of 24.06B, resulting in a net margin of 21.8%.
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
JNJ and CM.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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