PDX vs. IBM
PDX (PIMCO Dynamic Income Strategy Fund) is Tactical Allocation fund actively managed by PIMCO, while IBM (International Business Machines Corporation) is a stock. Over the past 5 years, PDX returned 24.46%/yr vs 15.08%/yr for IBM. Their 0.31 correlation means their historical movements had little consistent relationship.
Performance
PDX vs. IBM - Performance Comparison
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Returns By Period
In the year-to-date period, PDX achieves a 19.01% return, which is significantly higher than IBM's -23.51% return.
PDX
- 1D
- 1.04%
- 1M
- 2.79%
- 6M
- 10.11%
- YTD
- 19.01%
- 1Y
- 9.12%
- 3Y*
- 22.38%
- 5Y*
- 24.46%
- 10Y*
- —
- ALL TIME*
- 11.08%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.40B | $3.19B | $2.85B | |
| $1.81M | $1.96M | $1.82M |
PDX vs. IBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PDX PIMCO Dynamic Income Strategy Fund | 19.01% | -10.59% | 36.99% | 44.51% | 23.02% | 68.79% | -44.20% | -9.89% |
IBM International Business Machines Corporation | -23.51% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | -1.16% | 4.57% |
Correlation
The correlation between PDX and IBM is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2019 | 0.31 |
Over the past year, the correlation between PDX and IBM has dropped to 0.07 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
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Return for Risk
PDX vs. IBM — Risk / Return Rank
PDX
IBM
PDX vs. IBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Dynamic Income Strategy Fund (PDX) 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.
| PDX | IBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.01 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | -0.25 | +0.74 |
| Martin ratioReturn relative to average drawdown | 1.11 | -0.59 | +1.70 |
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Drawdowns
PDX vs. IBM - Drawdown Comparison
The maximum PDX drawdown since its inception was -80.63%, which is greater than IBM's maximum drawdown of -69.40%. Use the drawdown chart below to compare losses from any high point for PDX and IBM.
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Drawdown Indicators
| PDX | IBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.63% | -69.40% | -11.23% |
Max Drawdown (1Y)Largest decline over 1 year | -15.65% | -37.50% | +21.85% |
Max Drawdown (3Y)Largest decline over 3 years | -37.24% | -37.50% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -37.24% | -37.50% | +0.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.59% | — |
Current DrawdownCurrent decline from peak | -13.56% | -32.07% | +18.51% |
Average DrawdownAverage peak-to-trough decline | -18.75% | -20.13% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.91% | 15.98% | -9.07% |
Volatility
PDX vs. IBM - Volatility Comparison
The current volatility for PIMCO Dynamic Income Strategy Fund (PDX) is 3.26%, while International Business Machines Corporation (IBM) has a volatility of 31.22%. This indicates that PDX 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
| PDX | IBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 31.22% | -27.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.52% | 46.22% | -36.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 48.19% | -34.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.22% | 30.02% | -4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.12% | 28.05% | +8.07% |
Dividends
PDX vs. IBM - Dividend Comparison
PDX's dividend yield for the trailing twelve months is around 21.40%, more than IBM's 3.01% 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% |
PDX PIMCO Dynamic Income Strategy Fund | 21.40% | 24.34% | 6.31% | 4.30% | 5.89% | 5.28% | 14.11% | 9.58% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PDX and IBM have a correlation of 0.07, 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 PDX (3.26%). In terms of maximum drawdown, PDX dropped -80.63% vs IBM's -69.40%.
PDX currently has the higher Sharpe Ratio (0.55 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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