IBM vs. PM
IBM (International Business Machines Corporation) and PM (Philip Morris International Inc.) are both stocks. IBM operates in Information Technology Services (Technology), while PM operates in Tobacco (Consumer Defensive). Over the past 10 years, IBM returned 11.43%/yr vs 11.28%/yr for PM. At a 0.35 correlation, their price movements are largely independent.
Performance
IBM vs. PM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBM achieves a -2.58% return, which is significantly lower than PM's 12.15% return. Both investments have delivered pretty close results over the past 10 years, with IBM having a 11.43% annualized return and PM not far behind at 11.28%.
IBM
- 1D
- -5.61%
- 1M
- 23.97%
- YTD
- -2.58%
- 6M
- -6.29%
- 1Y
- 8.65%
- 3Y*
- 33.23%
- 5Y*
- 19.70%
- 10Y*
- 11.43%
PM
- 1D
- 1.89%
- 1M
- 4.27%
- YTD
- 12.15%
- 6M
- 22.81%
- 1Y
- 1.58%
- 3Y*
- 30.53%
- 5Y*
- 18.22%
- 10Y*
- 11.28%
IBM vs. PM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | -2.58% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | -1.16% | 23.58% | -22.56% | -3.99% |
PM Philip Morris International Inc. | 12.15% | 37.99% | 34.34% | -1.85% | 12.31% | 20.78% | 3.69% | 35.02% | -33.30% | 19.85% |
Correlation
The correlation between IBM and PM is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2008 | 0.35 |
The correlation between IBM and PM shifts across timeframes, from -0.05 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
Fundamentals
IBM:
$271.20B
PM:
$278.64B
IBM:
$11.32
PM:
$7.12
IBM:
25.16
PM:
25.05
IBM:
0.30
PM:
2.72
IBM:
3.93
PM:
6.70
IBM:
$68.91B
PM:
$41.49B
IBM:
$40.64B
PM:
$27.93B
IBM:
$15.71B
PM:
$17.74B
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. PM — Risk / Return Rank
IBM
PM
IBM vs. PM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Business Machines Corporation (IBM) and Philip Morris International Inc. (PM). 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 | PM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.03 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 0.07 | +0.24 |
| Martin ratioReturn relative to average drawdown | 0.67 | 0.14 | +0.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBM | PM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.05 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.81 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.46 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.53 | -0.23 |
Drawdowns
IBM vs. PM - Drawdown Comparison
The maximum IBM drawdown since its inception was -69.40%, which is greater than PM's maximum drawdown of -42.87%. Use the drawdown chart below to compare losses from any high point for IBM and PM.
Loading charts...
Drawdown Indicators
| IBM | PM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.40% | -42.87% | -26.53% |
Max Drawdown (1Y)Largest decline over 1 year | -30.96% | -20.64% | -10.32% |
Max Drawdown (3Y)Largest decline over 3 years | -30.96% | -20.64% | -10.32% |
Max Drawdown (5Y)Largest decline over 5 years | -30.96% | -22.78% | -8.18% |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | -42.87% | +2.28% |
Current DrawdownCurrent decline from peak | -13.48% | -7.07% | -6.41% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -10.03% | -10.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.20% | 10.78% | +3.42% |
Volatility
IBM vs. PM - Volatility Comparison
International Business Machines Corporation (IBM) has a higher volatility of 21.74% compared to Philip Morris International Inc. (PM) at 9.65%. This indicates that IBM's price experiences larger fluctuations and is considered to be riskier than PM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBM | PM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.74% | 9.65% | +12.09% |
Volatility (6M)Calculated over the trailing 6-month period | 34.56% | 20.91% | +13.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.43% | 27.60% | +11.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.14% | 22.70% | +4.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.57% | 24.44% | +2.13% |
Dividends
IBM vs. PM - Dividend Comparison
IBM's dividend yield for the trailing twelve months is around 2.36%, less than PM's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | 2.36% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
PM Philip Morris International Inc. | 3.23% | 3.52% | 4.40% | 5.46% | 4.98% | 5.16% | 5.73% | 5.43% | 6.73% | 3.99% | 4.50% | 4.60% |
Financials
IBM vs. PM - Financials Comparison
This section allows you to compare key financial metrics between International Business Machines Corporation and Philip Morris International Inc.. 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. PM - 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%.
PM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a gross profit of 6.91B and revenue of 10.15B. Therefore, the gross margin over that period was 68.1%.
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%.
PM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported an operating income of 3.89B and revenue of 10.15B, resulting in an operating margin of 38.4%.
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%.
PM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a net income of 2.44B and revenue of 10.15B, resulting in a net margin of 24.0%.
Frequently Asked Questions
IBM and PM have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (21.74%) compared to PM (9.65%). In terms of maximum drawdown, IBM dropped -69.40% vs PM's -42.87%.
IBM currently has the higher Sharpe Ratio (0.24 vs 0.05), 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 PM
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