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KBE vs. CM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


Performance

KBE vs. CM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Bank ETF (KBE) and Canadian Imperial Bank of Commerce (CM). The values are adjusted to include any dividend payments, if applicable.

0.00%100.00%200.00%300.00%400.00%500.00%600.00%December2025FebruaryMarchAprilMay
61.54%
538.38%
KBE
CM

Key characteristics

Sharpe Ratio

KBE:

0.51

CM:

1.88

Sortino Ratio

KBE:

0.93

CM:

2.73

Omega Ratio

KBE:

1.12

CM:

1.36

Calmar Ratio

KBE:

0.57

CM:

2.10

Martin Ratio

KBE:

1.58

CM:

6.34

Ulcer Index

KBE:

9.40%

CM:

6.29%

Daily Std Dev

KBE:

29.33%

CM:

21.25%

Max Drawdown

KBE:

-83.15%

CM:

-70.55%

Current Drawdown

KBE:

-16.24%

CM:

-2.91%

Returns By Period

In the year-to-date period, KBE achieves a -5.81% return, which is significantly lower than CM's 2.24% return. Over the past 10 years, KBE has underperformed CM with an annualized return of 6.71%, while CM has yielded a comparatively higher 12.02% annualized return.


KBE

YTD

-5.81%

1M

11.86%

6M

-14.09%

1Y

13.80%

5Y*

14.85%

10Y*

6.71%

CM

YTD

2.24%

1M

16.21%

6M

2.91%

1Y

39.54%

5Y*

24.00%

10Y*

12.02%

*Annualized

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Risk-Adjusted Performance

KBE vs. CM — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KBE
The Risk-Adjusted Performance Rank of KBE is 5858
Overall Rank
The Sharpe Ratio Rank of KBE is 5555
Sharpe Ratio Rank
The Sortino Ratio Rank of KBE is 6161
Sortino Ratio Rank
The Omega Ratio Rank of KBE is 5757
Omega Ratio Rank
The Calmar Ratio Rank of KBE is 6464
Calmar Ratio Rank
The Martin Ratio Rank of KBE is 5151
Martin Ratio Rank

CM
The Risk-Adjusted Performance Rank of CM is 9292
Overall Rank
The Sharpe Ratio Rank of CM is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of CM is 9393
Sortino Ratio Rank
The Omega Ratio Rank of CM is 9191
Omega Ratio Rank
The Calmar Ratio Rank of CM is 9494
Calmar Ratio Rank
The Martin Ratio Rank of CM is 9090
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current KBE Sharpe Ratio is 0.51, which is lower than the CM Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of KBE and CM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00December2025FebruaryMarchAprilMay
0.47
1.88
KBE
CM

Dividends

KBE vs. CM - Dividend Comparison

KBE's dividend yield for the trailing twelve months is around 2.64%, less than CM's 4.22% yield.


TTM20242023202220212020201920182017201620152014
KBE
SPDR S&P Bank ETF
2.64%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
4.22%4.24%5.41%6.23%5.76%8.48%10.73%5.48%4.09%4.52%8.65%4.19%

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. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-16.24%
-2.91%
KBE
CM

Volatility

KBE vs. CM - Volatility Comparison

SPDR S&P Bank ETF (KBE) has a higher volatility of 11.07% compared to Canadian Imperial Bank of Commerce (CM) at 5.76%. 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.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%16.00%December2025FebruaryMarchAprilMay
11.07%
5.76%
KBE
CM