IBM vs. ES
IBM (International Business Machines Corporation) and ES (Eversource Energy) are both stocks. IBM operates in Information Technology Services (Technology), while ES operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, IBM returned 11.09%/yr vs 5.44%/yr for ES. At a 0.21 correlation, their price movements are largely independent.
Performance
IBM vs. ES - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBM achieves a -6.89% return, which is significantly lower than ES's 4.32% return. Over the past 10 years, IBM has outperformed ES with an annualized return of 11.09%, while ES has yielded a comparatively lower 5.44% annualized return.
IBM
- 1D
- -0.95%
- 1M
- 24.14%
- YTD
- -6.89%
- 6M
- -10.81%
- 1Y
- 0.72%
- 3Y*
- 29.65%
- 5Y*
- 18.01%
- 10Y*
- 11.09%
ES
- 1D
- 0.38%
- 1M
- 3.48%
- YTD
- 4.32%
- 6M
- 4.28%
- 1Y
- 10.16%
- 3Y*
- 4.00%
- 5Y*
- 0.24%
- 10Y*
- 5.44%
IBM vs. ES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | -6.89% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | -1.16% | 23.58% | -22.56% | -3.99% |
ES Eversource Energy | 4.32% | 22.86% | -2.46% | -23.43% | -5.06% | 8.18% | 4.45% | 34.49% | 6.41% | 17.97% |
Correlation
The correlation between IBM and ES is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 1984 | 0.21 |
The correlation between IBM and ES shifts across timeframes, from 0.06 (1 year) to 0.22 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
IBM:
$259.20B
ES:
$25.87B
IBM:
$11.32
ES:
$4.68
IBM:
24.05
ES:
14.67
IBM:
0.29
ES:
0.83
IBM:
3.75
ES:
1.84
IBM:
7.86
ES:
0.00
IBM:
$68.91B
ES:
$13.93B
IBM:
$40.64B
ES:
$4.19B
IBM:
$15.71B
ES:
$4.60B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBM vs. ES — Risk / Return Rank
IBM
ES
IBM vs. ES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Business Machines Corporation (IBM) and Eversource Energy (ES). 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 | ES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.09 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.61 | -0.63 |
| Martin ratioReturn relative to average drawdown | -0.05 | 1.46 | -1.51 |
Loading charts...
Drawdowns
IBM vs. ES - Drawdown Comparison
The maximum IBM drawdown since its inception was -69.40%, roughly equal to the maximum ES drawdown of -73.04%. Use the drawdown chart below to compare losses from any high point for IBM and ES.
Loading charts...
Drawdown Indicators
| IBM | ES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.40% | -73.04% | +3.64% |
Max Drawdown (1Y)Largest decline over 1 year | -30.96% | -15.13% | -15.83% |
Max Drawdown (3Y)Largest decline over 3 years | -30.96% | -28.65% | -2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -30.96% | -41.69% | +10.73% |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | -41.69% | +1.10% |
Current DrawdownCurrent decline from peak | -17.31% | -13.32% | -3.99% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -19.06% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.38% | 6.30% | +8.08% |
Volatility
IBM vs. ES - Volatility Comparison
International Business Machines Corporation (IBM) has a higher volatility of 21.43% compared to Eversource Energy (ES) at 7.72%. This indicates that IBM's price experiences larger fluctuations and is considered to be riskier than ES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBM | ES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.43% | 7.72% | +13.71% |
Volatility (6M)Calculated over the trailing 6-month period | 34.62% | 16.00% | +18.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.45% | 24.68% | +14.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.16% | 23.94% | +3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.59% | 24.35% | +2.24% |
Dividends
IBM vs. ES - Dividend Comparison
IBM's dividend yield for the trailing twelve months is around 2.47%, less than ES's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ES Eversource Energy | 4.48% | 4.47% | 4.98% | 4.37% | 3.04% | 2.65% | 2.62% | 2.52% | 3.11% | 3.01% | 3.22% | 3.27% |
IBM International Business Machines Corporation | 2.47% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
Financials
IBM vs. ES - Financials Comparison
This section allows you to compare key financial metrics between International Business Machines Corporation and Eversource Energy. 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
Frequently Asked Questions
IBM and ES have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (21.43%) compared to ES (7.72%). In terms of maximum drawdown, IBM dropped -69.40% vs ES's -73.04%.
ES currently has the higher Sharpe Ratio (0.37 vs -0.02), 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.
Find the right allocation for IBM and ES
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer