QBR-B.TO vs. CM.TO
QBR-B.TO (Quebecor Inc) and CM.TO (Canadian Imperial Bank of Commerce) are both stocks. QBR-B.TO operates in Telecom Services (Communication Services), while CM.TO operates in Banks - Diversified (Financial Services). Over the past 10 years, QBR-B.TO returned 16.78%/yr vs 20.73%/yr for CM.TO. At a 0.18 correlation, their price movements are largely independent.
Performance
QBR-B.TO vs. CM.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QBR-B.TO achieves a 32.54% return, which is significantly higher than CM.TO's 23.94% return. Over the past 10 years, QBR-B.TO has underperformed CM.TO with an annualized return of 16.78%, while CM.TO has yielded a comparatively higher 20.73% annualized return.
QBR-B.TO
- 1D
- -0.51%
- 1M
- 19.79%
- YTD
- 32.54%
- 6M
- 34.22%
- 1Y
- 77.74%
- 3Y*
- 32.13%
- 5Y*
- 20.31%
- 10Y*
- 16.78%
CM.TO
- 1D
- 0.71%
- 1M
- 1.58%
- YTD
- 23.94%
- 6M
- 24.38%
- 1Y
- 68.16%
- 3Y*
- 45.63%
- 5Y*
- 22.94%
- 10Y*
- 20.73%
QBR-B.TO vs. CM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QBR-B.TO Quebecor Inc | 32.54% | 69.85% | 4.16% | 8.44% | 10.30% | -9.74% | 1.42% | 16.74% | 22.16% | 28.07% |
CM.TO Canadian Imperial Bank of Commerce | 23.94% | 42.31% | 49.56% | 23.83% | -20.89% | 47.75% | 13.88% | 18.19% | -8.64% | 22.50% |
Correlation
The correlation between QBR-B.TO 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 | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2006 | 0.18 |
The correlation between QBR-B.TO and CM.TO shifts across timeframes, from -0.01 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
Fundamentals
QBR-B.TO:
CA$15.65B
CM.TO:
CA$141.37B
QBR-B.TO:
CA$3.85
CM.TO:
CA$10.53
QBR-B.TO:
17.58
CM.TO:
14.52
QBR-B.TO:
1.47
CM.TO:
1.79
QBR-B.TO:
2.73
CM.TO:
2.68
QBR-B.TO:
5.84
CM.TO:
2.42
QBR-B.TO:
CA$5.73B
CM.TO:
CA$53.25B
QBR-B.TO:
CA$2.22B
CM.TO:
CA$28.73B
QBR-B.TO:
CA$2.40B
CM.TO:
CA$13.01B
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Return for Risk
QBR-B.TO vs. CM.TO — Risk / Return Rank
QBR-B.TO
CM.TO
QBR-B.TO vs. CM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quebecor Inc (QBR-B.TO) 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.
| QBR-B.TO | CM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.68 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 6.69 | 7.52 | -0.83 |
| Martin ratioReturn relative to average drawdown | 21.92 | 27.92 | -6.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QBR-B.TO | CM.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.26 | 3.92 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 1.27 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 1.05 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.74 | -0.14 |
Drawdowns
QBR-B.TO vs. CM.TO - Drawdown Comparison
The maximum QBR-B.TO drawdown since its inception was -65.30%, which is greater than CM.TO's maximum drawdown of -58.49%. Use the drawdown chart below to compare losses from any high point for QBR-B.TO and CM.TO.
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Drawdown Indicators
| QBR-B.TO | CM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.30% | -58.49% | -6.81% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -9.11% | -2.56% |
Max Drawdown (3Y)Largest decline over 3 years | -18.43% | -16.57% | -1.86% |
Max Drawdown (5Y)Largest decline over 5 years | -25.07% | -35.43% | +10.36% |
Max Drawdown (10Y)Largest decline over 10 years | -30.06% | -40.02% | +9.96% |
Current DrawdownCurrent decline from peak | -3.56% | -4.86% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -10.38% | -9.29% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 2.45% | +1.11% |
Volatility
QBR-B.TO vs. CM.TO - Volatility Comparison
Quebecor Inc (QBR-B.TO) has a higher volatility of 10.39% compared to Canadian Imperial Bank of Commerce (CM.TO) at 7.78%. This indicates that QBR-B.TO's price experiences larger fluctuations and is considered to be riskier 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
| QBR-B.TO | CM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.39% | 7.78% | +2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 17.95% | 14.82% | +3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.02% | 17.53% | +6.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.35% | 18.21% | +3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.91% | 19.92% | +0.99% |
Dividends
QBR-B.TO vs. CM.TO - Dividend Comparison
QBR-B.TO's dividend yield for the trailing twelve months is around 2.22%, less than CM.TO's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CM.TO Canadian Imperial Bank of Commerce | 2.67% | 3.20% | 4.04% | 5.47% | 7.52% | 8.13% | 10.74% | 10.51% | 10.58% | 8.39% | 8.84% | 9.69% |
QBR-B.TO Quebecor Inc | 2.22% | 2.71% | 4.13% | 3.81% | 3.97% | 3.85% | 2.44% | 1.18% | 0.67% | 0.77% | 0.91% | 0.77% |
Financials
QBR-B.TO vs. CM.TO - Financials Comparison
This section allows you to compare key financial metrics between Quebecor Inc 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
QBR-B.TO vs. CM.TO - Profitability Comparison
QBR-B.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Quebecor Inc reported a gross profit of 608.10M and revenue of 1.40B. Therefore, the gross margin over that period was 43.6%.
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%.
QBR-B.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Quebecor Inc reported an operating income of 367.20M and revenue of 1.40B, resulting in an operating margin of 26.3%.
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%.
QBR-B.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Quebecor Inc reported a net income of 225.40M and revenue of 1.40B, resulting in a net margin of 16.2%.
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
QBR-B.TO 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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