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 2.41%/yr vs 8.27%/yr for IBM. Their -0.08 correlation means they have often moved in opposite directions in the past.
Performance
PIGIX vs. IBM - Performance Comparison
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Returns By Period
In the year-to-date period, PIGIX achieves a -0.86% return, which is significantly higher than IBM's -23.51% return. Over the past 10 years, PIGIX has underperformed IBM with an annualized return of 2.41%, while IBM has yielded a comparatively higher 8.27% annualized return.
PIGIX
- 1D
- 0.11%
- 1M
- -1.66%
- 6M
- -1.26%
- YTD
- -0.86%
- 1Y
- 2.14%
- 3Y*
- 4.88%
- 5Y*
- -0.26%
- 10Y*
- 2.41%
- ALL TIME*
- 5.76%
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 | |
| $0.00 | $0.00 | $0.00 |
PIGIX vs. IBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIGIX PIMCO Investment Grade Credit Bond Fund | -0.86% | 8.52% | 3.28% | 7.97% | -16.67% | -1.03% | 7.53% | 14.75% | -1.99% | 7.96% |
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% |
Correlation
The correlation between PIGIX and IBM is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.01 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | -0.25 | +1.10 |
| Martin ratioReturn relative to average drawdown | 2.42 | -0.59 | +3.01 |
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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% | -37.50% | +33.52% |
Max Drawdown (3Y)Largest decline over 3 years | -5.62% | -37.50% | +31.88% |
Max Drawdown (5Y)Largest decline over 5 years | -23.09% | -37.50% | +14.41% |
Max Drawdown (10Y)Largest decline over 10 years | -23.09% | -40.59% | +17.50% |
Current DrawdownCurrent decline from peak | -2.69% | -32.07% | +29.38% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -20.13% | +17.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 15.98% | -14.59% |
Volatility
PIGIX vs. IBM - Volatility Comparison
The current volatility for PIMCO Investment Grade Credit Bond Fund (PIGIX) is 1.22%, while International Business Machines Corporation (IBM) has a volatility of 31.22%. 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 | 1.22% | 31.22% | -30.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.84% | 46.22% | -42.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.68% | 48.19% | -43.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.43% | 30.02% | -23.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.82% | 28.05% | -22.23% |
Dividends
PIGIX vs. IBM - Dividend Comparison
PIGIX's dividend yield for the trailing twelve months is around 4.57%, 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% |
PIGIX PIMCO Investment Grade Credit Bond Fund | 4.57% | 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 (31.22%) compared to PIGIX (1.22%). In terms of maximum drawdown, PIGIX dropped -23.09% vs IBM's -69.40%.
PIGIX currently has the higher Sharpe Ratio (0.72 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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