The Mulvihill Canadian Bank Enhanced Yield ETF (CBNK) reported strong 2025 results with net assets increasing by $47.04 million to $130.48 million. The fund distributed $8.67 million in cash distributions to unitholders and generated $48.96 million in income including net gains on investments.
Canadian Imperial Bank of Commerce (CM)
Canadian Imperial Bank of Commerce is Canada's fifth-largest bank with over CAD 1.1 trillion in assets at the end of fiscal 2025. It operates four business segments: Canadian retail and business banking, Canadian commercial banking and wealth management, US commercial banking and wealth management, and capital markets. It serves approximately 14 million personal banking and business customers, primarily in Canada and the US.
Company Info
Highlights
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Analysis
Share Price Chart
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Canadian Imperial Bank of Commerce, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Returns By Period
Canadian Imperial Bank of Commerce (CM) has returned 5.83% so far this year and 76.07% over the past 12 months. Looking at the last ten years, CM has achieved an annualized return of 9.90%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
CM
Benchmark (SPY)
Monthly Returns
The table below presents the monthly returns of Canadian Imperial Bank of Commerce (CM) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.59% | 9.51% | -5.01% | 0.50% | ||||||||
| 2025 | -0.24% | -0.16% | -7.58% | 12.51% | 8.27% | 4.42% | 1.08% | 8.45% | 4.43% | 3.72% | 4.00% | 5.06% |
| 2024 | -5.14% | 4.78% | 6.04% | -7.60% | 6.06% | -5.20% | 8.14% | 13.39% | 5.67% | 2.21% | 2.96% | -2.69% |
| 2023 | 12.48% | 0.29% | -7.14% | -1.69% | -1.79% | 3.52% | 3.31% | -9.48% | -3.11% | -8.15% | 16.83% | 16.65% |
| 2022 | 7.66% | 0.33% | -3.40% | -9.72% | -0.37% | -12.63% | 4.57% | -6.15% | -7.01% | 2.16% | 4.72% | -14.63% |
| 2021 | -0.70% | 7.15% | 4.42% | 6.55% | 12.65% | -3.61% | 1.83% | -1.36% | -3.31% | 8.49% | -8.69% | 2.17% |
| 2020 | -2.36% | -6.70% | -23.70% | 7.12% | 9.69% | 4.07% | 2.92% | 14.55% | -5.47% | -0.47% | 11.97% | 0.38% |
| 2019 | 14.89% | 0.07% | -6.89% | 5.38% | -10.03% | 3.41% | -0.48% | -1.31% | 7.71% | 3.10% | 1.71% | -4.26% |
| 2018 | 1.38% | -7.54% | -3.43% | -1.39% | 0.43% | -0.89% | 5.38% | 2.44% | 0.88% | -9.25% | -3.56% | -12.43% |
| 2017 | 4.11% | 3.03% | -3.13% | -6.03% | -3.83% | 3.55% | 6.92% | -3.63% | 3.44% | 0.71% | 3.95% | 5.14% |
| 2016 | 10.10% | -4.40% | -3.01% | 1.56% | 4.49% | -1.90% | -2.98% | 4.84% | 2.42% |
Performance Indicators
The charts below present risk-adjusted performance metrics for Canadian Imperial Bank of Commerce (CM) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of CM compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current Canadian Imperial Bank of Commerce volatility is 1.64%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
News and Insights
CIBC Asset Management announced March 2026 cash distributions for its ETF portfolio. Unitholders of record on March 31, 2026, will receive distributions payable on April 6, 2026, with per-unit amounts ranging from $0.021 to $0.218 across various fixed income, equity, and balanced ETFs.
Canadian Banc Corp. declared monthly distributions of $0.18138 per Class A share and $0.04958 per Preferred share, payable April 10, 2026. Class A shareholders maintain a stable 15% annualized yield based on VWAP, while the company continues its strategy of investing in six major Canadian banks and employing selective covered call writing to generate additional returns.
New Commerce Split has declared monthly distributions of $0.075 per share for Capital shareholders (YCM), $0.025 per share for Class I Preferred shareholders (YCM.PR.A), and $0.03125 per share for Class II Preferred shareholders (YCM.PR.B). Distributions are payable April 10, 2026 to shareholders of record as of March 31, 2026.
Dividend 15 Split Corp. declares monthly distributions of $0.10000 per Class A share and $0.05833 per Preferred share, payable April 10, 2026. The fund invests in a portfolio of 14 leading Canadian dividend-yielding stocks. Since inception, Class A shareholders have received $29.00 per share and Preferred shareholders $11.93 per share.
North American Financial 15 Split Corp. declared its regular monthly distributions of $0.11335 per Class A share (annualized $1.3602) and $0.06250 per Preferred share (annualized $0.750), payable April 10, 2026. Since inception, Class A shareholders have received $18.99 per share and Preferred shareholders $12.74 per share.
Premium Income Corporation's board has approved a proposal to modify the Fund's investment restrictions, allowing it to invest substantially all net assets in shares of six major Canadian banks (BMO, CIBC, NBC, RBC, BNS, TD) either directly or through underlying investment funds, with up to 10% allocated to other securities. Shareholders will vote on the proposal at a special meeting scheduled for April 23, 2026.

Commerce Split Corp. announced a 10-for-100 capital share split and increased its targeted monthly distribution on Capital Shares to $0.075 per share (from $0.05), representing a 65% increase in total distributions. The move reflects strong company performance, with the new annual distribution rate corresponding to an indicative dividend yield of approximately 12.77%.

Brompton Split Banc Corp. announced a treasury offering of preferred shares priced at $10.40 per share to yield 6.0%, with a sales period ending February 27, 2026 and expected closing on March 6, 2026. The preferred shares offer fixed quarterly distributions of $0.15625 per share and approximately 55% downside protection based on the fund's portfolio of Canada's six largest banks.

Canadian Imperial Bank of Commerce (CIBC) announced that its Board of Directors declared a dividend of $1.07 per share on common shares for the quarter ending April 30, 2026, payable on April 28, 2026. The bank also declared dividends for various Class A Preferred Share series with different payment dates and amounts.