TD.TO vs. CM.TO
Compare and contrast key facts about The Toronto-Dominion Bank (TD.TO) and Canadian Imperial Bank of Commerce (CM.TO).
Performance
TD.TO vs. CM.TO - Performance Comparison
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TD.TO vs. CM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TD.TO The Toronto-Dominion Bank | 1.27% | 77.06% | -6.05% | 2.34% | -6.01% | 40.15% | 3.72% | 11.66% | -4.57% | 15.15% |
CM.TO Canadian Imperial Bank of Commerce | 6.83% | 42.31% | 49.56% | 23.83% | -20.79% | 41.53% | 6.99% | 12.03% | -12.96% | 17.02% |
Fundamentals
TD.TO:
CA$218.88B
CM.TO:
CA$122.80B
TD.TO:
CA$12.73
CM.TO:
CA$9.99
TD.TO:
10.21
CM.TO:
13.20
TD.TO:
0.37
CM.TO:
1.62
TD.TO:
1.95
CM.TO:
2.33
TD.TO:
1.92
CM.TO:
2.12
TD.TO:
CA$114.03B
CM.TO:
CA$53.08B
TD.TO:
CA$58.23B
CM.TO:
CA$27.75B
TD.TO:
CA$27.53B
CM.TO:
CA$12.73B
Returns By Period
In the year-to-date period, TD.TO achieves a 1.27% return, which is significantly lower than CM.TO's 6.83% return. Over the past 10 years, TD.TO has underperformed CM.TO with an annualized return of 13.39%, while CM.TO has yielded a comparatively higher 16.18% annualized return.
TD.TO
- 1D
- 1.88%
- 1M
- -2.23%
- YTD
- 1.27%
- 6M
- 18.83%
- 1Y
- 56.99%
- 3Y*
- 22.69%
- 5Y*
- 14.40%
- 10Y*
- 13.39%
CM.TO
- 1D
- 3.10%
- 1M
- -3.53%
- YTD
- 6.83%
- 6M
- 20.55%
- 1Y
- 68.75%
- 3Y*
- 38.39%
- 5Y*
- 22.33%
- 10Y*
- 16.18%
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Return for Risk
TD.TO vs. CM.TO — Risk / Return Rank
TD.TO
CM.TO
TD.TO vs. CM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD.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.
| TD.TO | CM.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.68 | 4.16 | -0.49 |
Sortino ratioReturn per unit of downside risk | 4.49 | 5.32 | -0.83 |
Omega ratioGain probability vs. loss probability | 1.66 | 1.73 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 7.11 | 7.68 | -0.57 |
Martin ratioReturn relative to average drawdown | 30.12 | 31.26 | -1.14 |
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
| TD.TO | CM.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.68 | 4.16 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 1.26 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.83 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.46 | +0.10 |
Correlation
The correlation between TD.TO and CM.TO is 0.65, 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.
Dividends
TD.TO vs. CM.TO - Dividend Comparison
TD.TO's dividend yield for the trailing twelve months is around 3.26%, more than CM.TO's 3.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TD.TO The Toronto-Dominion Bank | 3.26% | 3.25% | 5.33% | 4.48% | 4.06% | 3.26% | 4.32% | 3.97% | 3.85% | 3.19% | 3.26% | 3.69% |
CM.TO Canadian Imperial Bank of Commerce | 3.09% | 3.20% | 4.04% | 5.47% | 7.20% | 4.06% | 5.37% | 5.26% | 5.29% | 4.19% | 4.42% | 4.85% |
Drawdowns
TD.TO vs. CM.TO - Drawdown Comparison
The maximum TD.TO drawdown since its inception was -54.79%, smaller than the maximum CM.TO drawdown of -62.50%. Use the drawdown chart below to compare losses from any high point for TD.TO and CM.TO.
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Drawdown Indicators
| TD.TO | CM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.79% | -62.50% | +7.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.54% | -9.11% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | -35.35% | +9.29% |
Max Drawdown (10Y)Largest decline over 10 years | -35.80% | -41.37% | +5.57% |
Current DrawdownCurrent decline from peak | -3.86% | -6.28% | +2.42% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -17.66% | +8.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 2.24% | -0.36% |
Volatility
TD.TO vs. CM.TO - Volatility Comparison
The current volatility for The Toronto-Dominion Bank (TD.TO) is 5.83%, while Canadian Imperial Bank of Commerce (CM.TO) has a volatility of 6.96%. This indicates that TD.TO 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
| TD.TO | CM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 6.96% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | 13.32% | -2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 16.60% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.96% | 17.77% | -0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 19.65% | -0.47% |
Financials
TD.TO vs. CM.TO - Financials Comparison
This section allows you to compare key financial metrics between The Toronto-Dominion Bank 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
TD.TO vs. CM.TO - Profitability Comparison
TD.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The Toronto-Dominion Bank reported a gross profit of 15.15B and revenue of 28.09B. Therefore, the gross margin over that period was 53.9%.
CM.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Canadian Imperial Bank of Commerce reported a gross profit of 7.75B and revenue of 15.82B. Therefore, the gross margin over that period was 49.0%.
TD.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The Toronto-Dominion Bank reported an operating income of 5.17B and revenue of 28.09B, resulting in an operating margin of 18.4%.
CM.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Canadian Imperial Bank of Commerce reported an operating income of 3.50B and revenue of 15.82B, resulting in an operating margin of 22.1%.
TD.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The Toronto-Dominion Bank reported a net income of 4.04B and revenue of 28.09B, resulting in a net margin of 14.4%.
CM.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Canadian Imperial Bank of Commerce reported a net income of 3.09B and revenue of 15.82B, resulting in a net margin of 19.6%.