APD vs. IBM
APD (Air Products and Chemicals, Inc.) and IBM (International Business Machines Corporation) are both stocks. APD operates in Chemicals (Basic Materials), while IBM operates in Information Technology Services (Technology). Over the past 10 years, APD returned 9.67%/yr vs 12.25%/yr for IBM. At a 0.34 correlation, their price movements are largely independent.
Performance
APD vs. IBM - Performance Comparison
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Returns By Period
In the year-to-date period, APD achieves a 15.83% return, which is significantly higher than IBM's 4.53% return. Over the past 10 years, APD has underperformed IBM with an annualized return of 9.67%, while IBM has yielded a comparatively higher 12.25% annualized return.
APD
- 1D
- 1.07%
- 1M
- -5.39%
- YTD
- 15.83%
- 6M
- 9.90%
- 1Y
- 2.31%
- 3Y*
- 2.76%
- 5Y*
- 0.97%
- 10Y*
- 9.67%
IBM
- 1D
- -7.17%
- 1M
- 34.16%
- YTD
- 4.53%
- 6M
- 2.32%
- 1Y
- 18.19%
- 3Y*
- 36.49%
- 5Y*
- 21.40%
- 10Y*
- 12.25%
APD vs. IBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APD Air Products and Chemicals, Inc. | 15.83% | -12.66% | 8.09% | -8.95% | 3.91% | 13.75% | 18.82% | 50.02% | 0.26% | 17.04% |
IBM International Business Machines Corporation | 4.53% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | -1.16% | 23.58% | -22.56% | -3.99% |
Correlation
The correlation between APD and IBM is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 1987 | 0.34 |
The correlation between APD and IBM shifts across timeframes, from -0.01 (1 year) to 0.37 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
APD:
$62.92B
IBM:
$290.99B
APD:
$9.45
IBM:
$11.32
APD:
29.86
IBM:
27.00
APD:
1.39
IBM:
0.32
APD:
5.05
IBM:
4.21
APD:
4.02
IBM:
8.82
APD:
$12.46B
IBM:
$68.91B
APD:
$3.99B
IBM:
$40.64B
APD:
$4.36B
IBM:
$15.71B
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Return for Risk
APD vs. IBM — Risk / Return Rank
APD
IBM
APD vs. IBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Air Products and Chemicals, Inc. (APD) and International Business Machines Corporation (IBM). 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.
| APD | IBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.13 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 0.59 | -0.49 |
| Martin ratioReturn relative to average drawdown | 0.26 | 1.29 | -1.03 |
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
| APD | IBM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 0.47 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.80 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.46 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.30 | +0.12 |
Drawdowns
APD vs. IBM - Drawdown Comparison
The maximum APD drawdown since its inception was -60.30%, smaller than the maximum IBM drawdown of -69.40%. Use the drawdown chart below to compare losses from any high point for APD and IBM.
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Drawdown Indicators
| APD | IBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.30% | -69.40% | +9.10% |
Max Drawdown (1Y)Largest decline over 1 year | -22.39% | -30.96% | +8.57% |
Max Drawdown (3Y)Largest decline over 3 years | -30.43% | -30.96% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -31.77% | -30.96% | -0.81% |
Max Drawdown (10Y)Largest decline over 10 years | -31.77% | -40.59% | +8.82% |
Current DrawdownCurrent decline from peak | -13.74% | -7.17% | -6.57% |
Average DrawdownAverage peak-to-trough decline | -11.05% | -20.12% | +9.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.85% | 14.16% | -5.31% |
Volatility
APD vs. IBM - Volatility Comparison
The current volatility for Air Products and Chemicals, Inc. (APD) is 5.77%, while International Business Machines Corporation (IBM) has a volatility of 20.58%. This indicates that APD experiences smaller price fluctuations and is considered to be less risky than IBM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APD | IBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 20.58% | -14.81% |
Volatility (6M)Calculated over the trailing 6-month period | 18.94% | 34.08% | -15.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.65% | 38.99% | -14.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.99% | 27.03% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.90% | 26.51% | -0.61% |
Dividends
APD vs. IBM - Dividend Comparison
APD's dividend yield for the trailing twelve months is around 2.54%, more than IBM's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APD Air Products and Chemicals, Inc. | 2.54% | 2.89% | 1.83% | 2.56% | 2.10% | 1.97% | 1.96% | 1.97% | 2.75% | 2.32% | 2.39% | 2.49% |
IBM International Business Machines Corporation | 2.20% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
Financials
APD vs. IBM - Financials Comparison
This section allows you to compare key financial metrics between Air Products and Chemicals, Inc. and International Business Machines Corporation. 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
APD vs. IBM - Profitability Comparison
APD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported a gross profit of 987.40M and revenue of 3.17B. Therefore, the gross margin over that period was 31.1%.
IBM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, International Business Machines Corporation reported a gross profit of 8.95B and revenue of 15.92B. Therefore, the gross margin over that period was 56.2%.
APD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported an operating income of 752.70M and revenue of 3.17B, resulting in an operating margin of 23.7%.
IBM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, International Business Machines Corporation reported an operating income of 1.22B and revenue of 15.92B, resulting in an operating margin of 7.6%.
APD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Air Products and Chemicals, Inc. reported a net income of 710.40M and revenue of 3.17B, resulting in a net margin of 22.4%.
IBM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, International Business Machines Corporation reported a net income of 1.22B and revenue of 15.92B, resulting in a net margin of 7.6%.
Frequently Asked Questions
APD and IBM have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (20.58%) compared to APD (5.77%). In terms of maximum drawdown, APD dropped -60.30% vs IBM's -69.40%.
IBM currently has the higher Sharpe Ratio (0.47 vs 0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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