IBM vs. VOO
IBM (International Business Machines Corporation) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, IBM returned 8.27%/yr vs 15.14%/yr for VOO. Their 0.59 correlation means they have sometimes moved together and sometimes differently.
Performance
IBM vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, IBM achieves a -23.51% return, which is significantly lower than VOO's 10.16% return. Over the past 10 years, IBM has underperformed VOO with an annualized return of 8.27%, while VOO has yielded a comparatively higher 15.14% annualized return.
IBM
- 1D
- 0.86%
- 1M
- -22.75%
- 6M
- -26.12%
- YTD
- -23.51%
- 1Y
- -8.27%
- 3Y*
- 19.79%
- 5Y*
- 15.08%
- 10Y*
- 8.27%
- ALL TIME*
- 7.07%
VOO
- 1D
- 0.71%
- 1M
- 0.26%
- 6M
- 8.58%
- YTD
- 10.16%
- 1Y
- 21.58%
- 3Y*
- 19.42%
- 5Y*
- 12.83%
- 10Y*
- 15.14%
- ALL TIME*
- 14.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.40B | $3.19B | $2.85B | |
| $3.82B | $3.78B | $5.44B |
IBM vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | -23.51% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | -1.16% | 23.58% | -22.56% | -3.99% |
VOO Vanguard S&P 500 ETF | 10.16% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between IBM and VOO is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.59 |
Over the past year, the correlation between IBM and VOO has dropped to 0.26 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
IBM vs. VOO — Risk / Return Rank
IBM
VOO
IBM vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Business Machines Corporation (IBM) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.28 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 2.21 | -2.46 |
| Martin ratioReturn relative to average drawdown | -0.59 | 9.44 | -10.03 |
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Drawdowns
IBM vs. VOO - Drawdown Comparison
The maximum IBM drawdown since its inception was -69.40%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for IBM and VOO.
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Drawdown Indicators
| IBM | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.40% | -33.99% | -35.41% |
Max Drawdown (1Y)Largest decline over 1 year | -37.50% | -8.90% | -28.60% |
Max Drawdown (3Y)Largest decline over 3 years | -37.50% | -18.69% | -18.81% |
Max Drawdown (5Y)Largest decline over 5 years | -37.50% | -24.52% | -12.98% |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | -33.99% | -6.60% |
Current DrawdownCurrent decline from peak | -32.07% | -1.38% | -30.69% |
Average DrawdownAverage peak-to-trough decline | -20.13% | -3.67% | -16.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.98% | 2.08% | +13.90% |
Volatility
IBM vs. VOO - Volatility Comparison
International Business Machines Corporation (IBM) has a higher volatility of 31.22% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that IBM's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBM | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.22% | 3.54% | +27.68% |
Volatility (6M)Calculated over the trailing 6-month period | 46.22% | 10.10% | +36.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.19% | 12.82% | +35.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.02% | 16.93% | +13.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.05% | 18.01% | +10.04% |
Dividends
IBM vs. VOO - Dividend Comparison
IBM's dividend yield for the trailing twelve months is around 3.01%, more than VOO's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | 3.01% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
VOO Vanguard S&P 500 ETF | 1.07% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
IBM and VOO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (31.22%) compared to VOO (3.54%). In terms of maximum drawdown, IBM dropped -69.40% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.53 vs -0.20), 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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