PIGIX vs. IBM
PIGIX (PIMCO Investment Grade Credit Bond Fund) is Corporate Bonds fund managed by PIMCO, while IBM (International Business Machines Corporation) is a stock. Over the past 10 years, PIGIX returned 2.56%/yr vs 11.18%/yr for IBM. At a correlation of -0.08, they often move in opposite directions.
Performance
PIGIX vs. IBM - Performance Comparison
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Returns By Period
In the year-to-date period, PIGIX achieves a 0.15% return, which is significantly higher than IBM's -0.73% return. Over the past 10 years, PIGIX has underperformed IBM with an annualized return of 2.56%, while IBM has yielded a comparatively higher 11.18% annualized return.
PIGIX
- 1D
- -0.11%
- 1M
- -0.36%
- 6M
- 0.04%
- YTD
- 0.15%
- 1Y
- 4.87%
- 3Y*
- 5.66%
- 5Y*
- 0.11%
- 10Y*
- 2.56%
IBM
- 1D
- 0.93%
- 1M
- 6.61%
- 6M
- -5.81%
- YTD
- -0.73%
- 1Y
- 4.96%
- 3Y*
- 33.82%
- 5Y*
- 21.43%
- 10Y*
- 11.18%
PIGIX vs. IBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIGIX PIMCO Investment Grade Credit Bond Fund | 0.15% | 8.52% | 3.28% | 7.97% | -16.67% | -1.03% | 7.53% | 14.75% | -1.99% | 7.96% |
IBM International Business Machines Corporation | -0.73% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | -1.16% | 23.58% | -22.56% | -3.99% |
Correlation
The correlation between PIGIX and IBM is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
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 | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 1, 2000 | -0.08 |
The correlation between PIGIX and IBM shifts across timeframes, from -0.08 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PIGIX vs. IBM — Risk / Return Rank
PIGIX
IBM
PIGIX vs. IBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Investment Grade Credit Bond Fund (PIGIX) 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.
| PIGIX | IBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.06 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 0.16 | +0.95 |
| Martin ratioReturn relative to average drawdown | 3.47 | 0.34 | +3.13 |
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Drawdowns
PIGIX vs. IBM - Drawdown Comparison
The maximum PIGIX drawdown since its inception was -23.09%, smaller than the maximum IBM drawdown of -69.40%. Use the drawdown chart below to compare losses from any high point for PIGIX and IBM.
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Drawdown Indicators
| PIGIX | IBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.09% | -69.40% | +46.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.98% | -30.96% | +26.98% |
Max Drawdown (3Y)Largest decline over 3 years | -6.59% | -30.96% | +24.37% |
Max Drawdown (5Y)Largest decline over 5 years | -23.09% | -30.96% | +7.87% |
Max Drawdown (10Y)Largest decline over 10 years | -23.09% | -40.59% | +17.50% |
Current DrawdownCurrent decline from peak | -1.71% | -11.85% | +10.14% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -20.12% | +17.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 14.64% | -13.36% |
Volatility
PIGIX vs. IBM - Volatility Comparison
The current volatility for PIMCO Investment Grade Credit Bond Fund (PIGIX) is 1.36%, while International Business Machines Corporation (IBM) has a volatility of 11.96%. This indicates that PIGIX 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
| PIGIX | IBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 11.96% | -10.60% |
Volatility (6M)Calculated over the trailing 6-month period | 3.78% | 36.17% | -32.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 40.88% | -36.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.42% | 27.53% | -21.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.81% | 26.75% | -20.94% |
Dividends
PIGIX vs. IBM - Dividend Comparison
PIGIX's dividend yield for the trailing twelve months is around 4.94%, more than IBM's 2.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | 2.32% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
PIGIX PIMCO Investment Grade Credit Bond Fund | 4.94% | 4.69% | 4.37% | 3.48% | 3.37% | 4.50% | 3.81% | 3.93% | 4.22% | 4.47% | 3.91% | 6.70% |
Frequently Asked Questions
PIGIX and IBM have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (11.96%) compared to PIGIX (1.36%). In terms of maximum drawdown, PIGIX dropped -23.09% vs IBM's -69.40%.
PIGIX currently has the higher Sharpe Ratio (0.95 vs 0.12), 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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