IBM vs. SHW
IBM (International Business Machines Corporation) and SHW (The Sherwin-Williams Company) are both stocks. IBM operates in Information Technology Services (Technology), while SHW operates in Specialty Chemicals (Basic Materials). Over the past 10 years, IBM returned 11.09%/yr vs 13.58%/yr for SHW. At a 0.31 correlation, their price movements are largely independent.
Performance
IBM vs. SHW - Performance Comparison
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Returns By Period
In the year-to-date period, IBM achieves a -6.89% return, which is significantly lower than SHW's -1.61% return. Over the past 10 years, IBM has underperformed SHW with an annualized return of 11.09%, while SHW has yielded a comparatively higher 13.58% annualized return.
IBM
- 1D
- -0.95%
- 1M
- 26.84%
- YTD
- -6.89%
- 6M
- -10.81%
- 1Y
- -0.65%
- 3Y*
- 29.65%
- 5Y*
- 18.01%
- 10Y*
- 11.09%
SHW
- 1D
- 0.13%
- 1M
- 3.85%
- YTD
- -1.61%
- 6M
- -3.00%
- 1Y
- -10.09%
- 3Y*
- 9.64%
- 5Y*
- 3.70%
- 10Y*
- 13.58%
IBM vs. SHW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | -6.89% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | -1.16% | 23.58% | -22.56% | -3.99% |
SHW The Sherwin-Williams Company | -1.61% | -3.83% | 9.90% | 32.73% | -31.96% | 44.90% | 27.05% | 49.70% | -3.23% | 54.11% |
Correlation
The correlation between IBM and SHW is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
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 Jul 1, 1985 | 0.31 |
Over the past year, the correlation between IBM and SHW has dropped to 0.10 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
Fundamentals
IBM:
$259.20B
SHW:
$78.72B
IBM:
$11.32
SHW:
$10.42
IBM:
24.05
SHW:
30.45
IBM:
0.29
SHW:
2.96
IBM:
3.75
SHW:
3.31
IBM:
7.86
SHW:
17.77
IBM:
$68.91B
SHW:
$23.94B
IBM:
$40.64B
SHW:
$11.76B
IBM:
$15.71B
SHW:
$4.29B
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Return for Risk
IBM vs. SHW — Risk / Return Rank
IBM
SHW
IBM vs. SHW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Business Machines Corporation (IBM) and The Sherwin-Williams Company (SHW). 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 | SHW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.95 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | -0.47 | +0.45 |
| Martin ratioReturn relative to average drawdown | -0.05 | -0.99 | +0.94 |
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Drawdowns
IBM vs. SHW - Drawdown Comparison
The maximum IBM drawdown since its inception was -69.40%, which is greater than SHW's maximum drawdown of -52.02%. Use the drawdown chart below to compare losses from any high point for IBM and SHW.
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Drawdown Indicators
| IBM | SHW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.40% | -52.02% | -17.38% |
Max Drawdown (1Y)Largest decline over 1 year | -30.96% | -21.36% | -9.60% |
Max Drawdown (3Y)Largest decline over 3 years | -30.96% | -25.69% | -5.27% |
Max Drawdown (5Y)Largest decline over 5 years | -30.96% | -42.46% | +11.50% |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | -42.46% | +1.87% |
Current DrawdownCurrent decline from peak | -17.31% | -19.53% | +2.22% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -11.63% | -8.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.38% | 10.28% | +4.10% |
Volatility
IBM vs. SHW - Volatility Comparison
International Business Machines Corporation (IBM) has a higher volatility of 21.43% compared to The Sherwin-Williams Company (SHW) at 9.00%. This indicates that IBM's price experiences larger fluctuations and is considered to be riskier than SHW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBM | SHW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.43% | 9.00% | +12.43% |
Volatility (6M)Calculated over the trailing 6-month period | 34.62% | 19.26% | +15.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.45% | 25.46% | +13.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.16% | 26.27% | +0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.59% | 26.58% | +0.01% |
Dividends
IBM vs. SHW - Dividend Comparison
IBM's dividend yield for the trailing twelve months is around 2.47%, more than SHW's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | 2.47% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
SHW The Sherwin-Williams Company | 1.00% | 0.98% | 0.84% | 0.78% | 1.01% | 0.62% | 0.73% | 0.77% | 0.87% | 0.83% | 1.25% | 1.03% |
Financials
IBM vs. SHW - Financials Comparison
This section allows you to compare key financial metrics between International Business Machines Corporation and The Sherwin-Williams Company. 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. SHW - 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%.
SHW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Sherwin-Williams Company reported a gross profit of 2.78B and revenue of 5.67B. Therefore, the gross margin over that period was 49.1%.
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%.
SHW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Sherwin-Williams Company reported an operating income of 810.90M and revenue of 5.67B, resulting in an operating margin of 14.3%.
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%.
SHW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Sherwin-Williams Company reported a net income of 534.70M and revenue of 5.67B, resulting in a net margin of 9.4%.
Frequently Asked Questions
IBM and SHW have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (21.43%) compared to SHW (9.00%). In terms of maximum drawdown, IBM dropped -69.40% vs SHW's -52.02%.
IBM currently has the higher Sharpe Ratio (-0.02 vs -0.40), 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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