JPM vs. CM
JPM (JPMorgan Chase & Co.) and CM (Canadian Imperial Bank of Commerce) are both stocks. Both operate in the Banks - Diversified industry within the Financial Services sector. Over the past 10 years, JPM returned 21.27%/yr vs 18.25%/yr for CM. At a 0.48 correlation, their price movements are largely independent.
Performance
JPM vs. CM - Performance Comparison
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Returns By Period
In the year-to-date period, JPM achieves a 6.66% return, which is significantly lower than CM's 31.96% return. Over the past 10 years, JPM has outperformed CM with an annualized return of 21.27%, while CM has yielded a comparatively lower 18.25% annualized return.
JPM
- 1D
- -0.65%
- 1M
- 4.67%
- 6M
- 9.49%
- YTD
- 6.66%
- 1Y
- 18.57%
- 3Y*
- 32.69%
- 5Y*
- 20.23%
- 10Y*
- 21.27%
- ALL TIME*
- 12.35%
CM
- 1D
- -2.84%
- 1M
- 6.17%
- 6M
- 29.47%
- YTD
- 31.96%
- 1Y
- 65.91%
- 3Y*
- 45.62%
- 5Y*
- 21.86%
- 10Y*
- 18.25%
- ALL TIME*
- 13.79%
JPM vs. CM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPM JPMorgan Chase & Co. | 6.66% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -6.62% | 26.76% |
CM Canadian Imperial Bank of Commerce | 31.96% | 49.02% | 37.83% | 27.23% | -25.71% | 42.29% | 9.25% | 19.22% | -19.75% | 26.58% |
Correlation
The correlation between JPM and CM is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 1997 | 0.48 |
The correlation between JPM and CM has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.
Fundamentals
JPM:
$908.01B
CM:
$109.15B
JPM:
$23.29
CM:
CA$12.14
JPM:
14.55
CM:
13.59
JPM:
1.61
CM:
1.68
JPM:
3.18
CM:
2.16
JPM:
2.68
CM:
1.92
JPM:
$297.63B
CM:
CA$61.84B
JPM:
$186.33B
CM:
CA$28.74B
JPM:
$90.84B
CM:
CA$13.01B
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Return for Risk
JPM vs. CM — Risk / Return Rank
JPM
CM
JPM vs. CM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Chase & Co. (JPM) and Canadian Imperial Bank of Commerce (CM). 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.
| JPM | CM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.55 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 6.14 | -4.94 |
| Martin ratioReturn relative to average drawdown | 2.85 | 23.92 | -21.06 |
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Drawdowns
JPM vs. CM - Drawdown Comparison
The maximum JPM drawdown since its inception was -76.16%, which is greater than CM's maximum drawdown of -71.70%. Use the drawdown chart below to compare losses from any high point for JPM and CM.
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Drawdown Indicators
| JPM | CM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.16% | -71.70% | -4.46% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -10.79% | -4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -24.42% | -19.47% | -4.95% |
Max Drawdown (5Y)Largest decline over 5 years | -38.77% | -40.61% | +1.84% |
Max Drawdown (10Y)Largest decline over 10 years | -43.63% | -47.82% | +4.19% |
Current DrawdownCurrent decline from peak | -2.32% | -2.84% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -17.58% | -14.61% | -2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.53% | 2.76% | +3.77% |
Volatility
JPM vs. CM - Volatility Comparison
JPMorgan Chase & Co. (JPM) and Canadian Imperial Bank of Commerce (CM) have volatilities of 6.42% and 6.12%, 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.
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Volatility by Period
| JPM | CM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.42% | 6.12% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 16.66% | 16.61% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.17% | 19.68% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.41% | 21.46% | +2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.31% | 22.62% | +4.69% |
Dividends
JPM vs. CM - Dividend Comparison
JPM's dividend yield for the trailing twelve months is around 1.77%, less than CM's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CM Canadian Imperial Bank of Commerce | 2.55% | 3.17% | 4.21% | 5.88% | 7.77% | 4.08% | 5.06% | 6.47% | 5.48% | 5.28% | 5.93% | 6.71% |
JPM JPMorgan Chase & Co. | 1.77% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
Financials
JPM vs. CM - Financials Comparison
This section allows you to compare key financial metrics between JPMorgan Chase & Co. 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
JPM vs. CM - Profitability Comparison
JPM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, JPMorgan Chase & Co. reported a gross profit of 54.83B and revenue of 82.46B. Therefore, the gross margin over that period was 66.5%.
CM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Canadian Imperial Bank of Commerce reported a gross profit of 7.36B and revenue of 15.22B. Therefore, the gross margin over that period was 48.4%.
JPM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, JPMorgan Chase & Co. reported an operating income of 27.52B and revenue of 82.46B, resulting in an operating margin of 33.4%.
CM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Canadian Imperial Bank of Commerce reported an operating income of 3.20B and revenue of 15.22B, resulting in an operating margin of 21.0%.
JPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, JPMorgan Chase & Co. reported a net income of 21.16B and revenue of 82.46B, resulting in a net margin of 25.7%.
CM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Canadian Imperial Bank of Commerce reported a net income of 2.46B and revenue of 15.22B, resulting in a net margin of 16.1%.
Frequently Asked Questions
JPM and CM have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPM has higher volatility (6.42%) compared to CM (6.12%). In terms of maximum drawdown, JPM dropped -76.16% vs CM's -71.70%.
CM currently has the higher Sharpe Ratio (3.37 vs 0.84), 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.
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