VBIL vs. IBM
VBIL (Vanguard 0-3 Month Treasury Bill ETF) is Ultrashort Bond fund tracking the Bloomberg US Treasury Bills 0-3 Months Index, while IBM (International Business Machines Corporation) is a stock. Over the past year, VBIL returned 3.93% vs -0.59% for IBM. At a 0.03 correlation, their price movements are largely independent.
Performance
VBIL vs. IBM - Performance Comparison
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Returns By Period
In the year-to-date period, VBIL achieves a 1.62% return, which is significantly higher than IBM's -8.10% return.
VBIL
- 1D
- 0.03%
- 1M
- 0.28%
- YTD
- 1.62%
- 6M
- 1.80%
- 1Y
- 3.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBM
- 1D
- -1.30%
- 1M
- 22.53%
- YTD
- -8.10%
- 6M
- -11.80%
- 1Y
- -0.59%
- 3Y*
- 29.13%
- 5Y*
- 18.25%
- 10Y*
- 10.88%
VBIL vs. IBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VBIL Vanguard 0-3 Month Treasury Bill ETF | 1.62% | 3.73% |
IBM International Business Machines Corporation | -8.10% | 21.09% |
Correlation
The correlation between VBIL and IBM is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2025 | 0.03 |
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Return for Risk
VBIL vs. IBM — Risk / Return Rank
VBIL
IBM
VBIL vs. IBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard 0-3 Month Treasury Bill ETF (VBIL) 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.
| VBIL | IBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +15.08 | ||
| Sortino ratioReturn per unit of downside risk | +38.78 | ||
| Omega ratioGain probability vs. loss probability | 21.06 | 1.04 | +20.03 |
| Calmar ratioReturn relative to maximum drawdown | 42.54 | -0.02 | +42.55 |
| Martin ratioReturn relative to average drawdown | 531.57 | -0.04 | +531.61 |
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Drawdowns
VBIL vs. IBM - Drawdown Comparison
The maximum VBIL drawdown since its inception was -0.09%, smaller than the maximum IBM drawdown of -69.40%. Use the drawdown chart below to compare losses from any high point for VBIL and IBM.
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Drawdown Indicators
| VBIL | IBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.09% | -69.40% | +69.31% |
Max Drawdown (1Y)Largest decline over 1 year | -0.09% | -30.96% | +30.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.96% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.59% | — |
Current DrawdownCurrent decline from peak | 0.00% | -18.38% | +18.38% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -20.12% | +20.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 14.43% | -14.42% |
Volatility
VBIL vs. IBM - Volatility Comparison
The current volatility for Vanguard 0-3 Month Treasury Bill ETF (VBIL) is 0.05%, while International Business Machines Corporation (IBM) has a volatility of 21.56%. This indicates that VBIL 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
| VBIL | IBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 21.56% | -21.51% |
Volatility (6M)Calculated over the trailing 6-month period | 0.16% | 34.63% | -34.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.26% | 39.52% | -39.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.30% | 27.18% | -26.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.30% | 26.60% | -26.30% |
Dividends
VBIL vs. IBM - Dividend Comparison
VBIL's dividend yield for the trailing twelve months is around 3.65%, more than IBM's 2.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | 2.50% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
VBIL Vanguard 0-3 Month Treasury Bill ETF | 3.65% | 3.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VBIL and IBM have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (21.56%) compared to VBIL (0.05%). In terms of maximum drawdown, VBIL dropped -0.09% vs IBM's -69.40%.
VBIL currently has the higher Sharpe Ratio (15.06 vs -0.01), 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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