IBM vs. INTC
IBM (International Business Machines Corporation) and INTC (Intel Corporation) are both stocks. Both are in the Technology sector — IBM in Information Technology Services, INTC in Semiconductors. Over the past 10 years, IBM returned 11.34%/yr vs 15.65%/yr for INTC. At a 0.43 correlation, their price movements are largely independent.
Performance
IBM vs. INTC - Performance Comparison
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Returns By Period
In the year-to-date period, IBM achieves a -3.95% return, which is significantly lower than INTC's 198.83% return. Over the past 10 years, IBM has underperformed INTC with an annualized return of 11.34%, while INTC has yielded a comparatively higher 15.65% 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%
INTC
- 1D
- 11.19%
- 1M
- -11.73%
- YTD
- 198.83%
- 6M
- 173.62%
- 1Y
- 449.70%
- 3Y*
- 53.12%
- 5Y*
- 16.15%
- 10Y*
- 15.65%
IBM vs. INTC - 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% |
INTC Intel Corporation | 198.83% | 84.04% | -59.57% | 94.56% | -46.64% | 6.05% | -14.69% | 30.71% | 4.23% | 30.87% |
Correlation
The correlation between IBM and INTC is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 1980 | 0.43 |
Over the past year, the correlation between IBM and INTC has dropped to 0.07 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
Fundamentals
IBM:
$267.37B
INTC:
$560.50B
IBM:
$11.32
INTC:
-$0.67
IBM:
3.87
INTC:
9.66
IBM:
8.11
INTC:
5.03
IBM:
$68.91B
INTC:
$53.76B
IBM:
$40.64B
INTC:
$19.05B
IBM:
$15.71B
INTC:
$8.83B
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Return for Risk
IBM vs. INTC — Risk / Return Rank
IBM
INTC
IBM vs. INTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Business Machines Corporation (IBM) and Intel Corporation (INTC). 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 | INTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.98 | ||
| Sortino ratioReturn per unit of downside risk | -4.49 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.64 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 18.76 | -18.53 |
| Martin ratioReturn relative to average drawdown | 0.50 | 44.28 | -43.78 |
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 | INTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 6.16 | -5.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.31 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.36 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.36 | -0.06 |
Drawdowns
IBM vs. INTC - Drawdown Comparison
The maximum IBM drawdown since its inception was -69.40%, smaller than the maximum INTC drawdown of -82.25%. Use the drawdown chart below to compare losses from any high point for IBM and INTC.
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Drawdown Indicators
| IBM | INTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.40% | -82.25% | +12.85% |
Max Drawdown (1Y)Largest decline over 1 year | -30.96% | -24.17% | -6.79% |
Max Drawdown (3Y)Largest decline over 3 years | -30.96% | -63.80% | +32.84% |
Max Drawdown (5Y)Largest decline over 5 years | -30.96% | -65.95% | +34.99% |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | -70.80% | +30.21% |
Current DrawdownCurrent decline from peak | -14.70% | -14.81% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -36.67% | +16.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.23% | 10.22% | +4.01% |
Volatility
IBM vs. INTC - Volatility Comparison
The current volatility for International Business Machines Corporation (IBM) is 21.84%, while Intel Corporation (INTC) has a volatility of 26.82%. This indicates that IBM experiences smaller price fluctuations and is considered to be less risky than INTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBM | INTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.84% | 26.82% | -4.98% |
Volatility (6M)Calculated over the trailing 6-month period | 34.54% | 57.68% | -23.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.53% | 73.75% | -34.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.15% | 52.06% | -24.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.59% | 44.07% | -17.48% |
Dividends
IBM vs. INTC - Dividend Comparison
IBM's dividend yield for the trailing twelve months is around 2.40%, while INTC 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% |
INTC Intel Corporation | 0.00% | 0.00% | 1.87% | 1.47% | 5.52% | 2.70% | 2.65% | 2.11% | 2.56% | 2.33% | 2.87% | 2.79% |
Financials
IBM vs. INTC - Financials Comparison
This section allows you to compare key financial metrics between International Business Machines Corporation and Intel 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
IBM vs. INTC - Profitability Comparison
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%.
INTC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Intel Corporation reported a gross profit of 5.35B and revenue of 13.58B. Therefore, the gross margin over that period was 39.4%.
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%.
INTC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Intel Corporation reported an operating income of -3.14B and revenue of 13.58B, resulting in an operating margin of -23.1%.
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%.
INTC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Intel Corporation reported a net income of -3.73B and revenue of 13.58B, resulting in a net margin of -27.5%.
Frequently Asked Questions
IBM and INTC have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INTC has higher volatility (26.82%) compared to IBM (21.84%). In terms of maximum drawdown, IBM dropped -69.40% vs INTC's -82.25%.
INTC currently has the higher Sharpe Ratio (6.16 vs 0.18), 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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