HP vs. IBM
HP (Helmerich & Payne, Inc.) and IBM (International Business Machines Corporation) are both stocks. HP operates in Oil & Gas Drilling (Energy), while IBM operates in Information Technology Services (Technology). Over the past 10 years, HP returned -1.00%/yr vs 8.27%/yr for IBM. Their 0.25 correlation means their historical movements had little consistent relationship.
Performance
HP vs. IBM - Performance Comparison
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Returns By Period
In the year-to-date period, HP achieves a 22.23% return, which is significantly higher than IBM's -23.51% return. Over the past 10 years, HP has underperformed IBM with an annualized return of -1.00%, while IBM has yielded a comparatively higher 8.27% annualized return.
HP
- 1D
- 2.37%
- 1M
- 10.45%
- 6M
- 3.47%
- YTD
- 22.23%
- 1Y
- 129.03%
- 3Y*
- -4.12%
- 5Y*
- 8.02%
- 10Y*
- -1.00%
- ALL TIME*
- 6.14%
IBM
- 1D
- 0.86%
- 1M
- -22.75%
- 6M
- -26.12%
- YTD
- -23.51%
- 1Y
- -8.27%
- 3Y*
- 19.79%
- 5Y*
- 15.08%
- 10Y*
- 8.27%
- ALL TIME*
- 7.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $31.09M | $34.67M | $43.00M | |
| $2.40B | $3.19B | $2.85B |
HP vs. IBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HP Helmerich & Payne, Inc. | 22.23% | -6.27% | -7.83% | -23.21% | 115.23% | 6.19% | -44.28% | 0.49% | -22.58% | -12.25% |
IBM International Business Machines Corporation | -23.51% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | -1.16% | 23.58% | -22.56% | -3.99% |
Correlation
The correlation between HP and IBM is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 1980 | 0.25 |
Over the past year, the correlation between HP and IBM has dropped to 0.02 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.
Fundamentals
HP:
$3.45B
IBM:
$210.71B
HP:
-$3.18
IBM:
$11.27
HP:
0.84
IBM:
3.08
HP:
$4.09B
IBM:
$69.10B
HP:
$542.96M
IBM:
$40.57B
HP:
$584.78M
IBM:
$14.95B
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Return for Risk
HP vs. IBM — Risk / Return Rank
HP
IBM
HP vs. IBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Helmerich & Payne, Inc. (HP) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HP | IBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.08 | ||
| Sortino ratioReturn per unit of downside risk | +3.13 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.01 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 4.60 | -0.25 | +4.86 |
| Martin ratioReturn relative to average drawdown | 15.44 | -0.59 | +16.03 |
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Drawdowns
HP vs. IBM - Drawdown Comparison
The maximum HP drawdown since its inception was -85.78%, which is greater than IBM's maximum drawdown of -69.40%. Use the drawdown chart below to compare losses from any high point for HP and IBM.
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Drawdown Indicators
| HP | IBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.78% | -69.40% | -16.38% |
Max Drawdown (1Y)Largest decline over 1 year | -26.49% | -37.50% | +11.01% |
Max Drawdown (3Y)Largest decline over 3 years | -64.42% | -37.50% | -26.92% |
Max Drawdown (5Y)Largest decline over 5 years | -68.47% | -37.50% | -30.97% |
Max Drawdown (10Y)Largest decline over 10 years | -81.87% | -40.59% | -41.28% |
Current DrawdownCurrent decline from peak | -48.72% | -32.07% | -16.65% |
Average DrawdownAverage peak-to-trough decline | -42.08% | -20.13% | -21.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.90% | 15.98% | -8.08% |
Volatility
HP vs. IBM - Volatility Comparison
The current volatility for Helmerich & Payne, Inc. (HP) is 9.88%, while International Business Machines Corporation (IBM) has a volatility of 31.22%. This indicates that HP 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
| HP | IBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.88% | 31.22% | -21.34% |
Volatility (6M)Calculated over the trailing 6-month period | 30.58% | 46.22% | -15.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.27% | 48.19% | -5.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.54% | 30.02% | +18.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.39% | 28.05% | +23.34% |
Dividends
HP vs. IBM - Dividend Comparison
HP's dividend yield for the trailing twelve months is around 2.89%, less than IBM's 3.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HP Helmerich & Payne, Inc. | 2.89% | 3.49% | 4.72% | 5.18% | 2.49% | 4.22% | 8.29% | 6.25% | 5.88% | 4.33% | 3.59% | 5.14% |
IBM International Business Machines Corporation | 3.01% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
Financials
HP vs. IBM - Financials Comparison
This section allows you to compare key financial metrics between Helmerich & Payne, 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
HP vs. IBM - Profitability Comparison
HP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Helmerich & Payne, Inc. reported a gross profit of 121.07M and revenue of 1.02B. Therefore, the gross margin over that period was 11.9%.
IBM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, International Business Machines Corporation reported a gross profit of 9.91B and revenue of 17.16B. Therefore, the gross margin over that period was 57.7%.
HP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Helmerich & Payne, Inc. reported an operating income of 43.98M and revenue of 1.02B, resulting in an operating margin of 4.3%.
IBM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, International Business Machines Corporation reported an operating income of 1.16B and revenue of 17.16B, resulting in an operating margin of 6.8%.
HP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Helmerich & Payne, Inc. reported a net income of -97.16M and revenue of 1.02B, resulting in a net margin of -9.6%.
IBM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, International Business Machines Corporation reported a net income of 2.17B and revenue of 17.16B, resulting in a net margin of 12.6%.
Frequently Asked Questions
HP and IBM have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (31.22%) compared to HP (9.88%). In terms of maximum drawdown, HP dropped -85.78% vs IBM's -69.40%.
HP currently has the higher Sharpe Ratio (2.89 vs -0.20), 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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