IBM vs. TFLO
IBM (International Business Machines Corporation) is a stock, while TFLO (iShares Treasury Floating Rate Bond ETF) is Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Index. Over the past 10 years, IBM returned 11.04%/yr vs 2.38%/yr for TFLO. At a correlation of -0.05, they often move in opposite directions.
Performance
IBM vs. TFLO - Performance Comparison
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Returns By Period
In the year-to-date period, IBM achieves a -10.06% return, which is significantly lower than TFLO's 1.79% return. Over the past 10 years, IBM has outperformed TFLO with an annualized return of 11.04%, while TFLO has yielded a comparatively lower 2.38% annualized return.
IBM
- 1D
- -0.75%
- 1M
- 3.59%
- YTD
- -10.06%
- 6M
- -12.53%
- 1Y
- -8.20%
- 3Y*
- 30.81%
- 5Y*
- 17.90%
- 10Y*
- 11.04%
TFLO
- 1D
- -0.02%
- 1M
- 0.29%
- YTD
- 1.79%
- 6M
- 1.87%
- 1Y
- 3.93%
- 3Y*
- 4.72%
- 5Y*
- 3.68%
- 10Y*
- 2.38%
IBM vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | -10.06% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | -1.16% | 23.58% | -22.56% | -3.99% |
TFLO iShares Treasury Floating Rate Bond ETF | 1.79% | 4.22% | 5.34% | 5.12% | 1.99% | -0.02% | 0.43% | 2.04% | 1.76% | 1.01% |
Correlation
The correlation between IBM and TFLO is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2014 | -0.05 |
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Return for Risk
IBM vs. TFLO — Risk / Return Rank
IBM
TFLO
IBM vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Business Machines Corporation (IBM) and iShares Treasury Floating Rate Bond ETF (TFLO). 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 | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.04 | ||
| Sortino ratioReturn per unit of downside risk | -48.77 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 13.02 | -12.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 199.14 | -199.41 |
| Martin ratioReturn relative to average drawdown | -0.56 | 788.97 | -789.52 |
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Drawdowns
IBM vs. TFLO - Drawdown Comparison
The maximum IBM drawdown since its inception was -69.40%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for IBM and TFLO.
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Drawdown Indicators
| IBM | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.40% | -5.01% | -64.39% |
Max Drawdown (1Y)Largest decline over 1 year | -30.96% | -0.02% | -30.94% |
Max Drawdown (3Y)Largest decline over 3 years | -30.96% | -0.04% | -30.92% |
Max Drawdown (5Y)Largest decline over 5 years | -30.96% | -0.13% | -30.83% |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | -0.16% | -40.43% |
Current DrawdownCurrent decline from peak | -20.13% | -0.02% | -20.11% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -0.10% | -20.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.79% | 0.00% | +14.79% |
Volatility
IBM vs. TFLO - Volatility Comparison
International Business Machines Corporation (IBM) has a higher volatility of 20.10% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.09%. This indicates that IBM's price experiences larger fluctuations and is considered to be riskier than TFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBM | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.10% | 0.09% | +20.01% |
Volatility (6M)Calculated over the trailing 6-month period | 35.49% | 0.20% | +35.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.10% | 0.29% | +39.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.37% | 0.36% | +27.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.65% | 0.46% | +26.19% |
Dividends
IBM vs. TFLO - Dividend Comparison
IBM's dividend yield for the trailing twelve months is around 2.56%, less than TFLO's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | 2.56% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
TFLO iShares Treasury Floating Rate Bond ETF | 3.89% | 4.16% | 5.21% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% |
Frequently Asked Questions
IBM and TFLO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (20.10%) compared to TFLO (0.09%). In terms of maximum drawdown, IBM dropped -69.40% vs TFLO's -5.01%.
TFLO currently has the higher Sharpe Ratio (13.84 vs -0.21), 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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