IBM vs. DIVO
IBM (International Business Machines Corporation) is a stock, while DIVO (Amplify CWP Enhanced Dividend Income ETF) is Derivative Income fund actively managed by Amplify. Over the past 5 years, IBM returned 13.91%/yr vs 10.50%/yr for DIVO. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
IBM vs. DIVO - Performance Comparison
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Returns By Period
In the year-to-date period, IBM achieves a -27.15% return, which is significantly lower than DIVO's 6.42% return.
IBM
- 1D
- 0.16%
- 1M
- -14.49%
- 6M
- -29.40%
- YTD
- -27.15%
- 1Y
- -23.58%
- 3Y*
- 19.09%
- 5Y*
- 13.91%
- 10Y*
- 7.64%
- ALL TIME*
- 7.00%
DIVO
- 1D
- -0.28%
- 1M
- 1.19%
- 6M
- 3.94%
- YTD
- 6.42%
- 1Y
- 15.80%
- 3Y*
- 13.90%
- 5Y*
- 10.50%
- 10Y*
- —
- ALL TIME*
- 12.46%
IBM vs. DIVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | -27.15% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | -1.16% | 23.58% | -22.56% | -3.99% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 6.42% | 17.40% | 16.22% | 6.95% | -1.46% | 22.87% | 12.40% | 24.90% | -3.18% | 21.41% |
Correlation
The correlation between IBM and DIVO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2016 | 0.54 |
The correlation between IBM and DIVO has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.
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Return for Risk
IBM vs. DIVO — Risk / Return Rank
IBM
DIVO
IBM vs. DIVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Business Machines Corporation (IBM) and Amplify CWP Enhanced Dividend Income ETF (DIVO). 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.
| IBM | DIVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -2.97 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.30 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 2.67 | -3.33 |
| Martin ratioReturn relative to average drawdown | -1.53 | 9.39 | -10.93 |
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Drawdowns
IBM vs. DIVO - Drawdown Comparison
The maximum IBM drawdown since its inception was -69.40%, which is greater than DIVO's maximum drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for IBM and DIVO.
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Drawdown Indicators
| IBM | DIVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.40% | -30.04% | -39.36% |
Max Drawdown (1Y)Largest decline over 1 year | -35.85% | -5.95% | -29.90% |
Max Drawdown (3Y)Largest decline over 3 years | -35.85% | -12.12% | -23.73% |
Max Drawdown (5Y)Largest decline over 5 years | -35.85% | -13.72% | -22.13% |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | — | — |
Current DrawdownCurrent decline from peak | -35.30% | -1.01% | -34.29% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -2.59% | -17.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.44% | 1.69% | +13.75% |
Volatility
IBM vs. DIVO - Volatility Comparison
International Business Machines Corporation (IBM) has a higher volatility of 32.02% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.20%. This indicates that IBM's price experiences larger fluctuations and is considered to be riskier than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBM | DIVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.02% | 2.20% | +29.82% |
Volatility (6M)Calculated over the trailing 6-month period | 46.34% | 7.10% | +39.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.36% | 9.19% | +39.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.86% | 11.89% | +17.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.97% | 14.78% | +13.19% |
Dividends
IBM vs. DIVO - Dividend Comparison
IBM's dividend yield for the trailing twelve months is around 3.16%, less than DIVO's 6.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVO Amplify CWP Enhanced Dividend Income ETF | 6.42% | 6.44% | 4.70% | 4.67% | 4.76% | 4.79% | 4.91% | 8.16% | 5.27% | 3.83% | 0.00% | 0.00% |
IBM International Business Machines Corporation | 3.16% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
Frequently Asked Questions
IBM and DIVO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (32.02%) compared to DIVO (2.20%). In terms of maximum drawdown, IBM dropped -69.40% vs DIVO's -30.04%.
DIVO currently has the higher Sharpe Ratio (1.73 vs -0.49), 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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