CM vs FITB: Correlation
Canadian Imperial Bank of Commerce (CM) and Fifth Third Bancorp (FITB) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CM and FITB?
On 3 years of weekly data the CM/FITB correlation comes out at 0.63, strong. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. The 5-year figure is 0.63, and annualized covariance runs at 357.6 %².
By 3-year correlation, FITB places #4 of the 10 assets tracked against CM. Correlation aside, the last 12 months split them widely, with CM ahead by 30.2 points (+54.8% versus +24.6%). Risk is not evenly split, since FITB carries 1.5 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CM vs FITB: side by side
| CM (Canadian Imperial Bank of Commerce) | FITB (Fifth Third Bancorp) | |
|---|---|---|
| 1-year return | +54.8% | +24.6% |
| 5-year return | +145.1% | +71.2% |
| Volatility (ann.) | 19.2% | 29.4% |
| Beta vs S&P 500 | 0.57 | 1.03 |
| Max drawdown (3Y) | -17.4% | -29.9% |
| Market cap | $104.3B | $49.7B |
| P/E (trailing) | 16.2 | 18.5 |
| Dividend yield | 0.00% | 2.90% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CM | FITB |
|---|---|---|
| 2022 | -26.8% | -21.9% |
| 2023 | +26.5% | +10.4% |
| 2024 | +37.8% | +27.2% |
| 2025 | +46.5% | +14.8% |
| 2026 | +28.6% | +19.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CM and FITB good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CM and FITB?
The CM/FITB correlation stands at 0.63 on a 3-year window (1 year: 0.59, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is FITB a good diversifier for CM?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
A reading of 0.63 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cm-vs-fitb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cm-vs-fitb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CM correlations · FITB correlations
