IBM vs. ITB
IBM (International Business Machines Corporation) is a stock, while ITB (iShares U.S. Home Construction ETF) is Building & Construction fund tracking the Dow Jones U.S. Select Home Construction Index. Over the past 10 years, IBM returned 10.88%/yr vs 14.32%/yr for ITB. At a 0.40 correlation, their price movements are largely independent.
Performance
IBM vs. ITB - Performance Comparison
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Returns By Period
In the year-to-date period, IBM achieves a -8.10% return, which is significantly lower than ITB's 1.18% return. Over the past 10 years, IBM has underperformed ITB with an annualized return of 10.88%, while ITB has yielded a comparatively higher 14.32% annualized return.
IBM
- 1D
- -1.30%
- 1M
- 22.53%
- YTD
- -8.10%
- 6M
- -11.80%
- 1Y
- -0.59%
- 3Y*
- 29.13%
- 5Y*
- 18.25%
- 10Y*
- 10.88%
ITB
- 1D
- 0.31%
- 1M
- 12.49%
- YTD
- 1.18%
- 6M
- -4.59%
- 1Y
- 8.99%
- 3Y*
- 7.33%
- 5Y*
- 8.75%
- 10Y*
- 14.32%
IBM vs. ITB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | -8.10% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | -1.16% | 23.58% | -22.56% | -3.99% |
ITB iShares U.S. Home Construction ETF | 1.18% | -5.26% | 2.06% | 68.91% | -26.26% | 49.25% | 26.42% | 48.70% | -30.92% | 59.65% |
Correlation
The correlation between IBM and ITB is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 5, 2006 | 0.40 |
Over the past year, the correlation between IBM and ITB has dropped to 0.15 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
IBM vs. ITB — Risk / Return Rank
IBM
ITB
IBM vs. ITB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Business Machines Corporation (IBM) and iShares U.S. Home Construction ETF (ITB). 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 | ITB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.08 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.35 | -0.37 |
| Martin ratioReturn relative to average drawdown | -0.04 | 0.67 | -0.71 |
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Drawdowns
IBM vs. ITB - Drawdown Comparison
The maximum IBM drawdown since its inception was -69.40%, smaller than the maximum ITB drawdown of -86.53%. Use the drawdown chart below to compare losses from any high point for IBM and ITB.
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Drawdown Indicators
| IBM | ITB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.40% | -86.53% | +17.13% |
Max Drawdown (1Y)Largest decline over 1 year | -30.96% | -26.04% | -4.92% |
Max Drawdown (3Y)Largest decline over 3 years | -30.96% | -33.35% | +2.39% |
Max Drawdown (5Y)Largest decline over 5 years | -30.96% | -40.55% | +9.59% |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | -52.10% | +11.51% |
Current DrawdownCurrent decline from peak | -18.38% | -23.30% | +4.92% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -37.08% | +16.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.43% | 13.49% | +0.94% |
Volatility
IBM vs. ITB - Volatility Comparison
International Business Machines Corporation (IBM) has a higher volatility of 21.56% compared to iShares U.S. Home Construction ETF (ITB) at 9.26%. This indicates that IBM's price experiences larger fluctuations and is considered to be riskier than ITB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBM | ITB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.56% | 9.26% | +12.30% |
Volatility (6M)Calculated over the trailing 6-month period | 34.63% | 20.89% | +13.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.52% | 29.80% | +9.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.18% | 29.29% | -2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.60% | 30.06% | -3.46% |
Dividends
IBM vs. ITB - Dividend Comparison
IBM's dividend yield for the trailing twelve months is around 2.50%, more than ITB's 1.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | 2.50% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
ITB iShares U.S. Home Construction ETF | 1.33% | 1.67% | 0.46% | 0.48% | 0.86% | 0.37% | 0.46% | 0.50% | 0.63% | 0.28% | 0.43% | 0.34% |
Frequently Asked Questions
IBM and ITB have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (21.56%) compared to ITB (9.26%). In terms of maximum drawdown, IBM dropped -69.40% vs ITB's -86.53%.
ITB currently has the higher Sharpe Ratio (0.30 vs -0.01), 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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