IBM vs. SHV
IBM (International Business Machines Corporation) is a stock, while SHV (iShares 0-1 Year Treasury Bond ETF) is Government Bonds fund tracking the ICE Short US Treasury Securities Index. Over the past 10 years, IBM returned 8.09%/yr vs 2.26%/yr for SHV. At a correlation of -0.05, they often move in opposite directions.
Performance
IBM vs. SHV - 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 SHV's 1.84% return. Over the past 10 years, IBM has outperformed SHV with an annualized return of 8.09%, while SHV has yielded a comparatively lower 2.26% annualized 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%
SHV
- 1D
- 0.00%
- 1M
- 0.27%
- 6M
- 1.72%
- YTD
- 1.84%
- 1Y
- 3.81%
- 3Y*
- 4.58%
- 5Y*
- 3.40%
- 10Y*
- 2.26%
IBM vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | -25.08% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | -1.16% | 23.58% | -22.56% | -3.99% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.84% | 4.21% | 5.12% | 5.04% | 0.94% | -0.10% | 0.81% | 2.36% | 1.72% | 0.67% |
Correlation
The correlation between IBM and SHV 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 | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2007 | -0.05 |
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Return for Risk
IBM vs. SHV — Risk / Return Rank
IBM
SHV
IBM vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Business Machines Corporation (IBM) and iShares 0-1 Year Treasury Bond ETF (SHV). 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 | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.59 | ||
| Sortino ratioReturn per unit of downside risk | -92.76 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 30.49 | -29.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 140.72 | -141.29 |
| Martin ratioReturn relative to average drawdown | -1.35 | 1,495.85 | -1,497.20 |
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Drawdowns
IBM vs. SHV - Drawdown Comparison
The maximum IBM drawdown since its inception was -69.40%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for IBM and SHV.
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Drawdown Indicators
| IBM | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.40% | -0.45% | -68.95% |
Max Drawdown (1Y)Largest decline over 1 year | -35.85% | -0.03% | -35.82% |
Max Drawdown (3Y)Largest decline over 3 years | -35.85% | -0.03% | -35.82% |
Max Drawdown (5Y)Largest decline over 5 years | -35.85% | -0.38% | -35.47% |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | -0.45% | -40.14% |
Current DrawdownCurrent decline from peak | -33.47% | 0.00% | -33.47% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -0.03% | -20.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.12% | 0.00% | +15.12% |
Volatility
IBM vs. SHV - Volatility Comparison
International Business Machines Corporation (IBM) has a higher volatility of 32.07% compared to iShares 0-1 Year Treasury Bond ETF (SHV) at 0.08%. This indicates that IBM's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBM | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.07% | 0.08% | +31.99% |
Volatility (6M)Calculated over the trailing 6-month period | 46.44% | 0.14% | +46.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.20% | 0.21% | +47.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.84% | 0.29% | +29.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.95% | 0.28% | +27.67% |
Dividends
IBM vs. SHV - Dividend Comparison
IBM's dividend yield for the trailing twelve months is around 3.07%, less than SHV's 3.78% 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% |
SHV iShares 0-1 Year Treasury Bond ETF | 3.78% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
Frequently Asked Questions
IBM and SHV 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 SHV (0.08%). In terms of maximum drawdown, IBM dropped -69.40% vs SHV's -0.45%.
SHV currently has the higher Sharpe Ratio (18.17 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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