IBM vs. IGV
IBM (International Business Machines Corporation) is a stock, while IGV (iShares Expanded Tech-Software Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Software Index. Over the past 10 years, IBM returned 11.34%/yr vs 16.44%/yr for IGV. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
IBM vs. IGV - Performance Comparison
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Returns By Period
In the year-to-date period, IBM achieves a -3.95% return, which is significantly higher than IGV's -9.50% return. Over the past 10 years, IBM has underperformed IGV with an annualized return of 11.34%, while IGV has yielded a comparatively higher 16.44% annualized return.
IBM
- 1D
- -1.41%
- 1M
- 22.22%
- YTD
- -3.95%
- 6M
- -7.98%
- 1Y
- 7.12%
- 3Y*
- 31.74%
- 5Y*
- 18.84%
- 10Y*
- 11.34%
IGV
- 1D
- -0.21%
- 1M
- 4.94%
- YTD
- -9.50%
- 6M
- -12.57%
- 1Y
- -9.75%
- 3Y*
- 13.14%
- 5Y*
- 5.60%
- 10Y*
- 16.44%
IBM vs. IGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | -3.95% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | -1.16% | 23.58% | -22.56% | -3.99% |
IGV iShares Expanded Tech-Software Sector ETF | -9.50% | 5.56% | 23.41% | 58.56% | -35.65% | 12.30% | 52.86% | 34.33% | 12.44% | 42.16% |
Correlation
The correlation between IBM and IGV 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 | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2001 | 0.53 |
The correlation between IBM and IGV shifts across timeframes, from 0.39 (5 years) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBM vs. IGV — Risk / Return Rank
IBM
IGV
IBM vs. IGV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Business Machines Corporation (IBM) and iShares Expanded Tech-Software Sector ETF (IGV). 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.
| IBM | IGV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.96 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | -0.27 | +0.50 |
| Martin ratioReturn relative to average drawdown | 0.50 | -0.56 | +1.06 |
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
| IBM | IGV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | -0.35 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.20 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.63 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.36 | -0.06 |
Drawdowns
IBM vs. IGV - Drawdown Comparison
The maximum IBM drawdown since its inception was -69.40%, which is greater than IGV's maximum drawdown of -63.45%. Use the drawdown chart below to compare losses from any high point for IBM and IGV.
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Drawdown Indicators
| IBM | IGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.40% | -63.45% | -5.95% |
Max Drawdown (1Y)Largest decline over 1 year | -30.96% | -36.61% | +5.65% |
Max Drawdown (3Y)Largest decline over 3 years | -30.96% | -36.61% | +5.65% |
Max Drawdown (5Y)Largest decline over 5 years | -30.96% | -45.85% | +14.89% |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | -45.85% | +5.26% |
Current DrawdownCurrent decline from peak | -14.70% | -18.80% | +4.10% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -14.45% | -5.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.23% | 17.33% | -3.10% |
Volatility
IBM vs. IGV - Volatility Comparison
International Business Machines Corporation (IBM) has a higher volatility of 21.84% compared to iShares Expanded Tech-Software Sector ETF (IGV) at 12.20%. This indicates that IBM's price experiences larger fluctuations and is considered to be riskier than IGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBM | IGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.84% | 12.20% | +9.64% |
Volatility (6M)Calculated over the trailing 6-month period | 34.54% | 24.65% | +9.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.53% | 27.93% | +11.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.15% | 27.90% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.59% | 26.38% | +0.21% |
Dividends
IBM vs. IGV - Dividend Comparison
IBM's dividend yield for the trailing twelve months is around 2.40%, while IGV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | 2.40% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
IGV iShares Expanded Tech-Software Sector ETF | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.35% | 0.02% | 0.16% | 0.09% | 0.82% | 0.22% |
Frequently Asked Questions
IBM and IGV 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 (21.84%) compared to IGV (12.20%). In terms of maximum drawdown, IBM dropped -69.40% vs IGV's -63.45%.
IBM currently has the higher Sharpe Ratio (0.18 vs -0.35), 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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