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 8.09%/yr vs 2.40%/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 -25.08% return, which is significantly lower than TFLO's 2.04% return. Over the past 10 years, IBM has outperformed TFLO with an annualized return of 8.09%, while TFLO has yielded a comparatively lower 2.40% 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%
TFLO
- 1D
- 0.00%
- 1M
- 0.33%
- 6M
- 1.90%
- YTD
- 2.04%
- 1Y
- 3.94%
- 3Y*
- 4.67%
- 5Y*
- 3.72%
- 10Y*
- 2.40%
IBM vs. TFLO - 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% |
TFLO iShares Treasury Floating Rate Bond ETF | 2.04% | 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 -0.03, 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 | -0.03 |
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 | -14.09 | ||
| Sortino ratioReturn per unit of downside risk | -47.64 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 12.34 | -11.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 199.41 | -199.98 |
| Martin ratioReturn relative to average drawdown | -1.35 | 766.50 | -767.84 |
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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 | -35.85% | -0.02% | -35.83% |
Max Drawdown (3Y)Largest decline over 3 years | -35.85% | -0.04% | -35.81% |
Max Drawdown (5Y)Largest decline over 5 years | -35.85% | -0.13% | -35.72% |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | -0.16% | -40.43% |
Current DrawdownCurrent decline from peak | -33.47% | 0.00% | -33.47% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -0.10% | -20.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.12% | 0.01% | +15.11% |
Volatility
IBM vs. TFLO - Volatility Comparison
International Business Machines Corporation (IBM) has a higher volatility of 32.07% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.10%. 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 | 32.07% | 0.10% | +31.97% |
Volatility (6M)Calculated over the trailing 6-month period | 46.44% | 0.20% | +46.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.20% | 0.29% | +47.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.84% | 0.36% | +29.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.95% | 0.45% | +27.50% |
Dividends
IBM vs. TFLO - Dividend Comparison
IBM's dividend yield for the trailing twelve months is around 3.07%, less than TFLO's 3.84% 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% |
TFLO iShares Treasury Floating Rate Bond ETF | 3.84% | 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 -0.03, 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 TFLO (0.10%). In terms of maximum drawdown, IBM dropped -69.40% vs TFLO's -5.01%.
TFLO currently has the higher Sharpe Ratio (13.67 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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