WDC vs. CM.TO
WDC (Western Digital Corporation) and CM.TO (Canadian Imperial Bank of Commerce) are both stocks. WDC operates in Computer Hardware (Technology), while CM.TO operates in Banks - Diversified (Financial Services). Over the past 10 years, WDC returned 33.87%/yr vs 20.30%/yr for CM.TO. At a 0.31 correlation, their price movements are largely independent.
Performance
WDC vs. CM.TO - Performance Comparison
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Different Trading Currencies
WDC is traded in USD, while CM.TO is traded in CAD. To make them comparable, the CM.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WDC achieves a 227.01% return, which is significantly higher than CM.TO's 25.91% return. Over the past 10 years, WDC has outperformed CM.TO with an annualized return of 33.87%, while CM.TO has yielded a comparatively lower 20.30% annualized return.
WDC
- 1D
- 6.35%
- 1M
- 13.96%
- YTD
- 227.01%
- 6M
- 219.46%
- 1Y
- 911.92%
- 3Y*
- 164.18%
- 5Y*
- 58.50%
- 10Y*
- 33.87%
CM.TO
- 1D
- 1.41%
- 1M
- 3.02%
- YTD
- 25.91%
- 6M
- 24.33%
- 1Y
- 72.89%
- 3Y*
- 45.03%
- 5Y*
- 20.30%
- 10Y*
- 20.30%
WDC vs. CM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WDC Western Digital Corporation | 227.01% | 283.68% | 13.86% | 65.99% | -51.62% | 17.73% | -10.89% | 77.14% | -51.90% | 19.83% |
CM.TO Canadian Imperial Bank of Commerce | 25.91% | 49.12% | 37.89% | 26.85% | -25.60% | 47.82% | 16.65% | 23.27% | -15.72% | 31.40% |
Correlation
The correlation between WDC and CM.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | 0.31 |
The correlation between WDC and CM.TO shifts across timeframes, from 0.20 (1 year) to 0.34 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
WDC:
$23.29
CM.TO:
CA$10.53
WDC:
24.17
CM.TO:
15.07
WDC:
0.56
CM.TO:
1.85
WDC:
13.31
CM.TO:
2.78
WDC:
$11.78B
CM.TO:
CA$53.25B
WDC:
$5.35B
CM.TO:
CA$28.73B
WDC:
$10.88B
CM.TO:
CA$13.01B
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Return for Risk
WDC vs. CM.TO — Risk / Return Rank
WDC
CM.TO
WDC vs. CM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Digital Corporation (WDC) 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.
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.
| WDC | CM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +9.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.95 | 1.70 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 44.74 | 6.93 | +37.81 |
| Martin ratioReturn relative to average drawdown | 151.81 | 26.96 | +124.86 |
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Drawdowns
WDC vs. CM.TO - Drawdown Comparison
The maximum WDC drawdown since its inception was -96.20%, which is greater than CM.TO's maximum drawdown of -69.60%. Use the drawdown chart below to compare losses from any high point for WDC and CM.TO.
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Drawdown Indicators
| WDC | CM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.20% | -69.60% | -26.60% |
Max Drawdown (1Y)Largest decline over 1 year | -20.59% | -10.57% | -10.02% |
Max Drawdown (3Y)Largest decline over 3 years | -49.65% | -19.54% | -30.11% |
Max Drawdown (5Y)Largest decline over 5 years | -59.68% | -41.24% | -18.44% |
Max Drawdown (10Y)Largest decline over 10 years | -70.49% | -44.98% | -25.51% |
Current DrawdownCurrent decline from peak | -5.22% | -2.58% | -2.64% |
Average DrawdownAverage peak-to-trough decline | -52.07% | -12.48% | -39.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.06% | 2.71% | +3.35% |
Volatility
WDC vs. CM.TO - Volatility Comparison
Western Digital Corporation (WDC) has a higher volatility of 21.76% compared to Canadian Imperial Bank of Commerce (CM.TO) at 7.91%. This indicates that WDC'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
| WDC | CM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.76% | 7.91% | +13.85% |
Volatility (6M)Calculated over the trailing 6-month period | 53.55% | 15.10% | +38.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.47% | 17.89% | +47.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.86% | 19.47% | +29.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.62% | 21.22% | +27.40% |
Dividends
WDC vs. CM.TO - Dividend Comparison
WDC's dividend yield for the trailing twelve months is around 0.09%, less than CM.TO's 2.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CM.TO Canadian Imperial Bank of Commerce | 2.57% | 3.20% | 4.04% | 5.47% | 7.52% | 8.13% | 10.74% | 10.51% | 10.58% | 8.39% | 8.84% | 9.69% |
WDC Western Digital Corporation | 0.09% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 1.81% | 2.36% | 5.41% | 2.51% | 2.94% | 3.33% |
Financials
WDC vs. CM.TO - Financials Comparison
This section allows you to compare key financial metrics between Western Digital Corporation 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
WDC vs. CM.TO - Profitability Comparison
WDC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Western Digital Corporation reported a gross profit of 1.68B and revenue of 3.34B. Therefore, the gross margin over that period was 50.2%.
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%.
WDC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Western Digital Corporation reported an operating income of 1.14B and revenue of 3.34B, resulting in an operating margin of 34.0%.
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%.
WDC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Western Digital Corporation reported a net income of 3.21B and revenue of 3.34B, resulting in a net margin of 96.0%.
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
WDC and CM.TO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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