PQIPX vs. IBM
PQIPX (PIMCO Dividend and Income Fund) is Global Allocation fund managed by PIMCO, while IBM (International Business Machines Corporation) is a stock. Over the past 10 years, PQIPX returned 8.17%/yr vs 8.20%/yr for IBM. Their 0.58 correlation means they have sometimes moved together and sometimes differently.
Performance
PQIPX vs. IBM - Performance Comparison
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Returns By Period
In the year-to-date period, PQIPX achieves a 10.46% return, which is significantly higher than IBM's -22.60% return. Both investments have delivered pretty close results over the past 10 years, with PQIPX having a 8.17% annualized return and IBM not far ahead at 8.20%.
PQIPX
- 1D
- -0.32%
- 1M
- 0.97%
- 6M
- 6.61%
- YTD
- 10.46%
- 1Y
- 18.21%
- 3Y*
- 13.10%
- 5Y*
- 8.47%
- 10Y*
- 8.17%
- ALL TIME*
- 7.53%
IBM
- 1D
- 1.19%
- 1M
- -21.83%
- 6M
- -27.15%
- YTD
- -22.60%
- 1Y
- -7.18%
- 3Y*
- 20.01%
- 5Y*
- 15.06%
- 10Y*
- 8.20%
- ALL TIME*
- 7.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.35B | $3.18B | $2.89B | |
| $0.00 | $0.00 | $0.00 |
PQIPX vs. IBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PQIPX PIMCO Dividend and Income Fund | 10.46% | 17.26% | 7.08% | 11.93% | -6.37% | 18.45% | -1.54% | 15.53% | -8.78% | 16.08% |
IBM International Business Machines Corporation | -22.60% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | -1.16% | 23.58% | -22.56% | -3.99% |
Correlation
The correlation between PQIPX and IBM is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2011 | 0.58 |
Over the past year, the correlation between PQIPX and IBM has dropped to 0.27 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
PQIPX vs. IBM — Risk / Return Rank
PQIPX
IBM
PQIPX vs. IBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Dividend and Income Fund (PQIPX) 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.
| PQIPX | IBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.06 | ||
| Sortino ratioReturn per unit of downside risk | +3.96 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.02 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | -0.19 | +3.91 |
| Martin ratioReturn relative to average drawdown | 15.42 | -0.45 | +15.87 |
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Drawdowns
PQIPX vs. IBM - Drawdown Comparison
The maximum PQIPX drawdown since its inception was -33.13%, smaller than the maximum IBM drawdown of -69.40%. Use the drawdown chart below to compare losses from any high point for PQIPX and IBM.
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Drawdown Indicators
| PQIPX | IBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.13% | -69.40% | +36.27% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -37.50% | +32.44% |
Max Drawdown (3Y)Largest decline over 3 years | -7.69% | -37.50% | +29.81% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -37.50% | +21.69% |
Max Drawdown (10Y)Largest decline over 10 years | -33.13% | -40.59% | +7.46% |
Current DrawdownCurrent decline from peak | -0.38% | -31.26% | +30.88% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -20.13% | +15.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 16.09% | -14.87% |
Volatility
PQIPX vs. IBM - Volatility Comparison
The current volatility for PIMCO Dividend and Income Fund (PQIPX) is 1.54%, while International Business Machines Corporation (IBM) has a volatility of 31.22%. This indicates that PQIPX 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
| PQIPX | IBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 31.22% | -29.68% |
Volatility (6M)Calculated over the trailing 6-month period | 5.28% | 46.24% | -40.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.48% | 48.20% | -41.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.40% | 30.02% | -21.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.89% | 28.07% | -16.18% |
Dividends
PQIPX vs. IBM - Dividend Comparison
PQIPX's dividend yield for the trailing twelve months is around 2.76%, less than IBM's 2.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | 2.97% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
PQIPX PIMCO Dividend and Income Fund | 2.76% | 2.05% | 3.02% | 4.35% | 5.51% | 3.96% | 2.69% | 3.79% | 3.73% | 2.69% | 3.46% | 11.08% |
Frequently Asked Questions
PQIPX and IBM have a correlation of 0.27, 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 PQIPX (1.54%). In terms of maximum drawdown, PQIPX dropped -33.13% vs IBM's -69.40%.
PQIPX currently has the higher Sharpe Ratio (2.91 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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