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 2.79%/yr vs 11.12%/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 0.17% return, which is significantly higher than IBM's -9.38% return. Over the past 10 years, PIGIX has underperformed IBM with an annualized return of 2.79%, while IBM has yielded a comparatively higher 11.12% annualized return.
PIGIX
- 1D
- -0.44%
- 1M
- 0.76%
- YTD
- 0.17%
- 6M
- 0.71%
- 1Y
- 5.30%
- 3Y*
- 5.48%
- 5Y*
- 0.33%
- 10Y*
- 2.79%
IBM
- 1D
- 5.04%
- 1M
- 4.37%
- YTD
- -9.38%
- 6M
- -11.64%
- 1Y
- -6.04%
- 3Y*
- 31.13%
- 5Y*
- 18.30%
- 10Y*
- 11.12%
PIGIX vs. IBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIGIX PIMCO Investment Grade Credit Bond Fund | 0.17% | 8.52% | 3.28% | 7.97% | -16.67% | -1.03% | 7.53% | 14.75% | -1.99% | 7.96% |
IBM International Business Machines Corporation | -9.38% | 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 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
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 0.21 (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 | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.01 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | -0.20 | +1.60 |
| Martin ratioReturn relative to average drawdown | 4.40 | -0.41 | +4.81 |
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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 | -1.68% | -19.53% | +17.85% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -20.12% | +17.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 14.74% | -13.48% |
Volatility
PIGIX vs. IBM - Volatility Comparison
The current volatility for PIMCO Investment Grade Credit Bond Fund (PIGIX) is 1.44%, while International Business Machines Corporation (IBM) has a volatility of 20.08%. 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 | 1.44% | 20.08% | -18.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 35.49% | -31.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 40.19% | -35.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.42% | 27.37% | -20.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.82% | 26.65% | -20.83% |
Dividends
PIGIX vs. IBM - Dividend Comparison
PIGIX's dividend yield for the trailing twelve months is around 4.88%, more than IBM's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | 2.54% | 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 | 4.88% | 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 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (20.08%) compared to PIGIX (1.44%). In terms of maximum drawdown, PIGIX dropped -23.09% vs IBM's -69.40%.
PIGIX currently has the higher Sharpe Ratio (1.18 vs -0.15), 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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