CM vs SPY
Comparison between Canadian Imperial Bank Of Commerce (CM, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceCM has outperformed SPY, delivering a return of +21.5% compared to +13.3%
CM vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
CM vs SPY - Historical Returns
Returns include dividend reinvestment.
CM vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | CM | SPY |
|---|---|---|
| 2026 | +20.74% | +8.27% |
| 2025 | +50.17% | +18.00% |
| 2024 | +38.72% | +25.59% |
| 2023 | +27.01% | +26.72% |
| 2022 | -26.15% | -18.64% |
| 2021 | +43.88% | +30.52% |
| 2020 | +9.06% | +17.28% |
| 2019 | +17.93% | +31.09% |
| 2018 | -20.12% | -5.24% |
| 2017 | +25.26% | +20.78% |
| 2016 | +32.12% | +13.59% |
| 2015 | -17.87% | +1.31% |
| 2014 | +6.58% | +14.56% |
| 2013 | +10.28% | +29.00% |
| 2012 | +14.07% | +14.17% |
| 2011 | -3.74% | +0.85% |
| 2010 | +25.15% | +13.14% |
| 2009 | +63.00% | +22.67% |
| 2008 | -37.57% | -36.25% |
| 2007 | -12.21% | +5.32% |
| 2006 | +31.67% | +13.85% |
| 2005 | +21.04% | +5.32% |
| 2004 | +30.97% | +10.75% |
| 2003 | +92.38% | +24.18% |
| 2002 | -9.31% | -22.42% |
| 2001 | +27.50% | -10.13% |
| 2000 | +41.22% | -8.84% |
| 1999 | +12.09% | +8.61% |
CM vs SPY Drawdown Comparison
The maximum drawdown for CM was -71.70%, occurring on Mar 9, 2009. Recovery took 1284 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current CM drawdown is -1.96%.
| Rank | CM | SPY |
|---|---|---|
| #1 | -71.70% Nov 6, 2007 - Dec 12, 2012 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -47.80% Jan 5, 2018 - Nov 24, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -40.64% Jan 18, 2022 - Aug 29, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -39.85% Apr 19, 2002 - Apr 14, 2003 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -35.88% Sep 18, 2014 - Jan 5, 2017 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -17.82% May 30, 2007 - Sep 25, 2007 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -17.34% Dec 11, 2024 - May 16, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -16.57% Sep 6, 2001 - Dec 17, 2001 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -15.83% Mar 24, 2000 - Aug 14, 2000 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -14.90% Oct 5, 2000 - Jan 25, 2001 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -14.14% Jan 22, 2013 - Oct 17, 2013 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -13.75% Apr 6, 2004 - Sep 21, 2004 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -13.69% Feb 1, 2001 - Jun 4, 2001 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -13.56% Feb 23, 2017 - Sep 22, 2017 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -13.43% Aug 2, 2005 - Nov 23, 2005 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between CM and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
CM vs SPY dividend yield comparison.
| Year | CM | SPY |
|---|---|---|
| 2026 | 0.70% | 0.24% |
| 2025 | 3.17% | 1.07% |
| 2024 | 4.21% | 1.21% |
| 2023 | 5.88% | 1.40% |
| 2022 | 7.77% | 1.65% |
| 2021 | 4.08% | 1.20% |
| 2020 | 5.06% | 1.52% |
| 2019 | 6.47% | 1.75% |
| 2018 | 5.48% | 2.04% |
| 2017 | 5.28% | 1.80% |
| 2016 | 5.93% | 2.03% |
| 2015 | 6.71% | 2.06% |
| 2014 | 4.67% | 1.87% |
| 2013 | 4.47% | 1.81% |
| 2012 | 4.57% | 2.18% |
| 2011 | 4.89% | 2.05% |
| 2010 | 4.44% | 1.80% |
| 2009 | 5.39% | 1.95% |
| 2008 | 8.34% | 3.02% |
| 2007 | 4.59% | 1.85% |
| 2006 | 4.00% | 1.73% |
| 2005 | 8.83% | 1.73% |
| 2004 | 7.31% | 1.82% |
| 2003 | 6.84% | 1.47% |
| 2002 | 11.82% | 1.70% |
| 2001 | 8.60% | 1.25% |
| 2000 | 3.53% | 1.15% |
| 1999 | 0.88% | 0.24% |
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