IUSB vs. IBM
IUSB (iShares Core Universal USD Bond ETF) is Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Universal Index, while IBM (International Business Machines Corporation) is a stock. Over the past 10 years, IUSB returned 1.97%/yr vs 11.09%/yr for IBM. At a 0.01 correlation, their price movements are largely independent.
Performance
IUSB vs. IBM - Performance Comparison
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Returns By Period
In the year-to-date period, IUSB achieves a 0.67% return, which is significantly higher than IBM's -6.89% return. Over the past 10 years, IUSB has underperformed IBM with an annualized return of 1.97%, while IBM has yielded a comparatively higher 11.09% annualized return.
IUSB
- 1D
- -0.07%
- 1M
- 1.10%
- YTD
- 0.67%
- 6M
- 1.05%
- 1Y
- 5.21%
- 3Y*
- 4.70%
- 5Y*
- 0.39%
- 10Y*
- 1.97%
IBM
- 1D
- -0.95%
- 1M
- 24.14%
- YTD
- -6.89%
- 6M
- -10.81%
- 1Y
- 0.72%
- 3Y*
- 29.65%
- 5Y*
- 18.01%
- 10Y*
- 11.09%
IUSB vs. IBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSB iShares Core Universal USD Bond ETF | 0.67% | 7.38% | 2.11% | 6.23% | -13.04% | -1.33% | 7.62% | 9.13% | -0.27% | 3.82% |
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% |
Correlation
The correlation between IUSB and IBM is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.01 |
Over the past year, IUSB and IBM have become more correlated (0.22) than their long-term average of 0.01, meaning their price movements have been converging.
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Return for Risk
IUSB vs. IBM — Risk / Return Rank
IUSB
IBM
IUSB vs. IBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Universal USD Bond ETF (IUSB) and International Business Machines Corporation (IBM). 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.
| IUSB | IBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.04 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | -0.02 | +1.94 |
| Martin ratioReturn relative to average drawdown | 5.62 | -0.05 | +5.66 |
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Drawdowns
IUSB vs. IBM - Drawdown Comparison
The maximum IUSB drawdown since its inception was -17.90%, smaller than the maximum IBM drawdown of -69.40%. Use the drawdown chart below to compare losses from any high point for IUSB and IBM.
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Drawdown Indicators
| IUSB | IBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.90% | -69.40% | +51.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -30.96% | +28.43% |
Max Drawdown (3Y)Largest decline over 3 years | -5.82% | -30.96% | +25.14% |
Max Drawdown (5Y)Largest decline over 5 years | -17.87% | -30.96% | +13.09% |
Max Drawdown (10Y)Largest decline over 10 years | -17.90% | -40.59% | +22.69% |
Current DrawdownCurrent decline from peak | -1.09% | -17.31% | +16.22% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -20.12% | +16.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 14.38% | -13.52% |
Volatility
IUSB vs. IBM - Volatility Comparison
The current volatility for iShares Core Universal USD Bond ETF (IUSB) is 1.30%, while International Business Machines Corporation (IBM) has a volatility of 21.43%. This indicates that IUSB experiences smaller price fluctuations and is considered to be less risky than IBM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSB | IBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | 21.43% | -20.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 34.62% | -31.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.59% | 39.45% | -35.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.80% | 27.16% | -21.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 26.59% | -21.55% |
Dividends
IUSB vs. IBM - Dividend Comparison
IUSB's dividend yield for the trailing twelve months is around 4.22%, more than IBM's 2.47% 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% |
IUSB iShares Core Universal USD Bond ETF | 4.22% | 4.17% | 4.04% | 3.46% | 2.53% | 1.74% | 2.68% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% |
Frequently Asked Questions
IUSB and IBM have a correlation of 0.22, 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 IUSB (1.30%). In terms of maximum drawdown, IUSB dropped -17.90% vs IBM's -69.40%.
IUSB currently has the higher Sharpe Ratio (1.35 vs -0.02), 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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