Correlation
The correlation between KBE and CM is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
KBE vs. CM
Compare and contrast key facts about SPDR S&P Bank ETF (KBE) and Canadian Imperial Bank of Commerce (CM).
KBE is a passively managed fund by State Street that tracks the performance of the S&P Banks Select Industry Index. It was launched on Nov 8, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KBE or CM.
Performance
KBE vs. CM - Performance Comparison
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Key characteristics
KBE:
0.60
CM:
2.29
KBE:
0.88
CM:
3.05
KBE:
1.11
CM:
1.41
KBE:
0.54
CM:
2.40
KBE:
1.44
CM:
7.25
KBE:
9.70%
CM:
6.29%
KBE:
29.84%
CM:
21.26%
KBE:
-83.15%
CM:
-70.55%
KBE:
-14.95%
CM:
0.00%
Returns By Period
In the year-to-date period, KBE achieves a -4.35% return, which is significantly lower than CM's 9.08% return. Over the past 10 years, KBE has underperformed CM with an annualized return of 6.75%, while CM has yielded a comparatively higher 13.12% annualized return.
KBE
-4.35%
3.84%
-13.39%
17.03%
7.20%
16.02%
6.75%
CM
9.08%
12.90%
6.57%
47.18%
13.88%
25.85%
13.12%
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Risk-Adjusted Performance
KBE vs. CM — Risk-Adjusted Performance Rank
KBE
CM
KBE vs. CM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Bank ETF (KBE) 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.
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Dividends
KBE vs. CM - Dividend Comparison
KBE's dividend yield for the trailing twelve months is around 2.60%, less than CM's 3.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBE SPDR S&P Bank ETF | 2.60% | 2.35% | 2.78% | 2.99% | 2.16% | 2.44% | 2.33% | 2.18% | 1.35% | 1.39% | 1.69% | 1.59% |
CM Canadian Imperial Bank of Commerce | 3.95% | 4.23% | 5.42% | 6.23% | 5.77% | 8.48% | 10.73% | 5.47% | 4.09% | 4.48% | 8.64% | 4.18% |
Drawdowns
KBE vs. CM - Drawdown Comparison
The maximum KBE drawdown since its inception was -83.15%, which is greater than CM's maximum drawdown of -70.55%. Use the drawdown chart below to compare losses from any high point for KBE and CM.
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Volatility
KBE vs. CM - Volatility Comparison
SPDR S&P Bank ETF (KBE) has a higher volatility of 6.95% compared to Canadian Imperial Bank of Commerce (CM) at 3.12%. This indicates that KBE's price experiences larger fluctuations and is considered to be riskier than CM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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