BYIT.L vs. IBM
BYIT.L (Bytes Technology Ltd) and IBM (International Business Machines Corporation) are both stocks. Both are in the Technology sector — BYIT.L in Software - Infrastructure, IBM in Information Technology Services. Over the past 5 years, BYIT.L returned -2.03%/yr vs 21.14%/yr for IBM. At a 0.07 correlation, their price movements are largely independent.
Performance
BYIT.L vs. IBM - Performance Comparison
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Different Trading Currencies
BYIT.L is traded in GBp, while IBM is traded in USD. To make them comparable, the IBM values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, BYIT.L achieves a 6.53% return, which is significantly higher than IBM's -1.60% return.
BYIT.L
- 1D
- 4.03%
- 1M
- 24.51%
- YTD
- 6.53%
- 6M
- 9.52%
- 1Y
- -23.53%
- 3Y*
- -6.29%
- 5Y*
- -2.03%
- 10Y*
- —
IBM
- 1D
- -5.02%
- 1M
- 29.52%
- YTD
- -1.60%
- 6M
- -6.35%
- 1Y
- 11.38%
- 3Y*
- 30.10%
- 5Y*
- 21.14%
- 10Y*
- 12.40%
BYIT.L vs. IBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BYIT.L Bytes Technology Ltd | 6.53% | -10.13% | -28.34% | 62.75% | -29.72% | 70.00% | 0.90% |
IBM International Business Machines Corporation | -1.60% | 28.38% | 41.70% | 15.76% | 23.79% | 17.76% | -1.93% |
Correlation
The correlation between BYIT.L and IBM is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2020 | 0.07 |
The correlation between BYIT.L and IBM shifts across timeframes, from 0.07 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
BYIT.L:
£932.00M
IBM:
$271.20B
BYIT.L:
£0.43
IBM:
$11.32
BYIT.L:
8.89
IBM:
25.16
BYIT.L:
0.78
IBM:
0.30
BYIT.L:
2.16
IBM:
3.93
BYIT.L:
11.49
IBM:
8.22
BYIT.L:
£437.70M
IBM:
$68.91B
BYIT.L:
£327.56M
IBM:
$40.64B
BYIT.L:
£140.17M
IBM:
$15.71B
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Return for Risk
BYIT.L vs. IBM — Risk / Return Rank
BYIT.L
IBM
BYIT.L vs. IBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bytes Technology Ltd (BYIT.L) 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.
| BYIT.L | IBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.10 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 0.35 | -0.81 |
| Martin ratioReturn relative to average drawdown | -0.73 | 0.76 | -1.49 |
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
| BYIT.L | IBM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.49 | 0.29 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.79 | -0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.46 | -0.31 |
Drawdowns
BYIT.L vs. IBM - Drawdown Comparison
The maximum BYIT.L drawdown since its inception was -57.58%, which is greater than IBM's maximum drawdown of -38.40%. Use the drawdown chart below to compare losses from any high point for BYIT.L and IBM.
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Drawdown Indicators
| BYIT.L | IBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.58% | -38.40% | -19.18% |
Max Drawdown (1Y)Largest decline over 1 year | -49.80% | -32.96% | -16.84% |
Max Drawdown (3Y)Largest decline over 3 years | -57.58% | -32.96% | -24.62% |
Max Drawdown (5Y)Largest decline over 5 years | -57.58% | -32.96% | -24.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.40% | — |
Current DrawdownCurrent decline from peak | -36.10% | -12.66% | -23.44% |
Average DrawdownAverage peak-to-trough decline | -21.23% | -12.48% | -8.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.38% | 15.02% | +16.36% |
Volatility
BYIT.L vs. IBM - Volatility Comparison
The current volatility for Bytes Technology Ltd (BYIT.L) is 10.85%, while International Business Machines Corporation (IBM) has a volatility of 21.33%. This indicates that BYIT.L 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
| BYIT.L | IBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.85% | 21.33% | -10.48% |
Volatility (6M)Calculated over the trailing 6-month period | 28.85% | 34.32% | -5.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.90% | 39.19% | +7.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.84% | 27.03% | +9.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.58% | 26.63% | +9.95% |
Dividends
BYIT.L vs. IBM - Dividend Comparison
BYIT.L's dividend yield for the trailing twelve months is around 5.26%, more than IBM's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYIT.L Bytes Technology Ltd | 5.26% | 5.61% | 4.21% | 2.50% | 3.31% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBM International Business Machines Corporation | 2.36% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
Financials
BYIT.L vs. IBM - Financials Comparison
This section allows you to compare key financial metrics between Bytes Technology Ltd 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
BYIT.L vs. IBM - Profitability Comparison
BYIT.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bytes Technology Ltd reported a gross profit of 83.19M and revenue of 112.48M. Therefore, the gross margin over that period was 74.0%.
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%.
BYIT.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bytes Technology Ltd reported an operating income of 30.01M and revenue of 112.48M, resulting in an operating margin of 26.7%.
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%.
BYIT.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bytes Technology Ltd reported a net income of 22.25M and revenue of 112.48M, resulting in a net margin of 19.8%.
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
BYIT.L and IBM have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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