IBM vs. SGOV
IBM (International Business Machines Corporation) is a stock, while SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, IBM returned 14.94%/yr vs 3.62%/yr for SGOV. At a 0.02 correlation, their price movements are largely independent.
Performance
IBM vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, IBM achieves a -25.08% return, which is significantly lower than SGOV's 1.95% return.
IBM
- 1D
- 3.72%
- 1M
- -19.11%
- 6M
- -25.52%
- YTD
- -25.08%
- 1Y
- -20.31%
- 3Y*
- 21.59%
- 5Y*
- 14.94%
- 10Y*
- 8.09%
SGOV
- 1D
- 0.01%
- 1M
- 0.30%
- 6M
- 1.80%
- YTD
- 1.95%
- 1Y
- 3.87%
- 3Y*
- 4.66%
- 5Y*
- 3.62%
- 10Y*
- —
IBM vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | -25.08% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | 3.06% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.95% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between IBM and SGOV is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | 0.02 |
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Return for Risk
IBM vs. SGOV — Risk / Return Rank
IBM
SGOV
IBM vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Business Machines Corporation (IBM) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.26 | ||
| Sortino ratioReturn per unit of downside risk | -383.09 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 383.06 | -382.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 390.94 | -391.51 |
| Martin ratioReturn relative to average drawdown | -1.35 | 6,193.70 | -6,195.04 |
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Drawdowns
IBM vs. SGOV - Drawdown Comparison
The maximum IBM drawdown since its inception was -69.40%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for IBM and SGOV.
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Drawdown Indicators
| IBM | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.40% | -0.03% | -69.37% |
Max Drawdown (1Y)Largest decline over 1 year | -35.85% | -0.01% | -35.84% |
Max Drawdown (3Y)Largest decline over 3 years | -35.85% | -0.01% | -35.84% |
Max Drawdown (5Y)Largest decline over 5 years | -35.85% | -0.03% | -35.82% |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | — | — |
Current DrawdownCurrent decline from peak | -33.47% | 0.00% | -33.47% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -0.00% | -20.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.12% | 0.00% | +15.12% |
Volatility
IBM vs. SGOV - Volatility Comparison
International Business Machines Corporation (IBM) has a higher volatility of 32.07% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that IBM's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBM | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.07% | 0.05% | +32.02% |
Volatility (6M)Calculated over the trailing 6-month period | 46.44% | 0.13% | +46.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.20% | 0.19% | +48.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.84% | 0.24% | +29.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.95% | 0.24% | +27.71% |
Dividends
IBM vs. SGOV - Dividend Comparison
IBM's dividend yield for the trailing twelve months is around 3.07%, less than SGOV's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | 3.07% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.80% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBM and SGOV have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (32.07%) compared to SGOV (0.05%). In terms of maximum drawdown, IBM dropped -69.40% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.84 vs -0.42), 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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