TIBIX vs. IBM
TIBIX (Thornburg Investment Income Builder Fund Class I) is Diversified Portfolio fund actively managed by Thornburg, while IBM (International Business Machines Corporation) is a stock. Over the past 10 years, TIBIX returned 12.27%/yr vs 7.64%/yr for IBM. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
TIBIX vs. IBM - Performance Comparison
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Returns By Period
In the year-to-date period, TIBIX achieves a 15.99% return, which is significantly higher than IBM's -27.15% return. Over the past 10 years, TIBIX has outperformed IBM with an annualized return of 12.27%, while IBM has yielded a comparatively lower 7.64% annualized return.
TIBIX
- 1D
- -0.37%
- 1M
- -1.43%
- 6M
- 12.31%
- YTD
- 15.99%
- 1Y
- 31.78%
- 3Y*
- 24.66%
- 5Y*
- 16.47%
- 10Y*
- 12.27%
- ALL TIME*
- 9.95%
IBM
- 1D
- 0.16%
- 1M
- -14.49%
- 6M
- -29.40%
- YTD
- -27.15%
- 1Y
- -23.58%
- 3Y*
- 19.09%
- 5Y*
- 13.91%
- 10Y*
- 7.64%
- ALL TIME*
- 7.00%
TIBIX vs. IBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIBIX Thornburg Investment Income Builder Fund Class I | 15.99% | 37.01% | 13.48% | 18.28% | -7.69% | 20.36% | -0.40% | 18.01% | -4.31% | 15.23% |
IBM International Business Machines Corporation | -27.15% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | -1.16% | 23.58% | -22.56% | -3.99% |
Correlation
The correlation between TIBIX and IBM is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2003 | 0.51 |
Over the past year, the correlation between TIBIX and IBM has dropped to 0.13 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
TIBIX vs. IBM — Risk / Return Rank
TIBIX
IBM
TIBIX vs. IBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Investment Income Builder Fund Class I (TIBIX) 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.
| TIBIX | IBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.10 | ||
| Sortino ratioReturn per unit of downside risk | +5.55 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 0.94 | +0.75 |
| Calmar ratioReturn relative to maximum drawdown | 5.97 | -0.66 | +6.63 |
| Martin ratioReturn relative to average drawdown | 21.96 | -1.53 | +23.49 |
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Drawdowns
TIBIX vs. IBM - Drawdown Comparison
The maximum TIBIX drawdown since its inception was -48.88%, smaller than the maximum IBM drawdown of -69.40%. Use the drawdown chart below to compare losses from any high point for TIBIX and IBM.
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Drawdown Indicators
| TIBIX | IBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.88% | -69.40% | +20.52% |
Max Drawdown (1Y)Largest decline over 1 year | -5.39% | -35.85% | +30.46% |
Max Drawdown (3Y)Largest decline over 3 years | -9.23% | -35.85% | +26.62% |
Max Drawdown (5Y)Largest decline over 5 years | -20.79% | -35.85% | +15.06% |
Max Drawdown (10Y)Largest decline over 10 years | -34.85% | -40.59% | +5.74% |
Current DrawdownCurrent decline from peak | -1.66% | -35.30% | +33.64% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -20.12% | +14.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 15.44% | -13.98% |
Volatility
TIBIX vs. IBM - Volatility Comparison
The current volatility for Thornburg Investment Income Builder Fund Class I (TIBIX) is 2.16%, while International Business Machines Corporation (IBM) has a volatility of 32.02%. This indicates that TIBIX 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
| TIBIX | IBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 32.02% | -29.86% |
Volatility (6M)Calculated over the trailing 6-month period | 7.33% | 46.34% | -39.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.93% | 48.36% | -39.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.18% | 29.86% | -18.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 27.97% | -14.56% |
Dividends
TIBIX vs. IBM - Dividend Comparison
TIBIX's dividend yield for the trailing twelve months is around 5.19%, more than IBM's 3.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | 3.16% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
TIBIX Thornburg Investment Income Builder Fund Class I | 5.19% | 5.83% | 5.67% | 4.89% | 5.89% | 5.33% | 4.31% | 4.46% | 4.77% | 4.52% | 4.14% | 4.66% |
Frequently Asked Questions
TIBIX and IBM have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (32.02%) compared to TIBIX (2.16%). In terms of maximum drawdown, TIBIX dropped -48.88% vs IBM's -69.40%.
TIBIX currently has the higher Sharpe Ratio (3.61 vs -0.49), 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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