IBM vs SPY
Comparison between International Business Machines Corp (IBM, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceIBM has outperformed SPY, delivering a return of +14.8% compared to +13.3%
IBM vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
IBM
$212B
Winner
SPY
$652B
Expense Ratio
IBM
N/A
SPY
0.09%
Max Drawdown
IBM
58.79%
Winner
SPY
56.47%
Sharpe Ratio
IBM
-0.17
Winner
SPY
2.07
5Y Beta
Winner
IBM
0.75
SPY
1.00
Industry
IBM
Information Technology Services
SPY
N/A
P/E Ratio
IBM
33.91
Winner
SPY
28.24
Forward P/E
Winner
IBM
18.28
SPY
21.85
PEG Ratio
IBM
1.27
SPY
N/A
Dividend Yield
IBM
2.93%
SPY
N/A
5Y Dividends CAGR
Winner
IBM
6.12%
SPY
5.43%
5Y EPS CAGR
IBM
-8.16%
Winner
SPY
25.79%
Debt to Equity
IBM
201.25%
Winner
SPY
22.35%
Free Cash Flow Yield
IBM
6.09%
SPY
N/A
P/S Ratio
Winner
IBM
3.08
SPY
3.55
P/B Ratio
IBM
6.54
Winner
SPY
5.29
IBM vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
IBM
-5.01%
Winner
SPY
+9.11%
3M
IBM
-22.07%
Winner
SPY
+6.59%
6M
IBM
-24.21%
Winner
SPY
+10.56%
1Y
IBM
-7.38%
Winner
SPY
+32.04%
5Y(CAGR)
Winner
IBM
+14.82%
SPY
+13.35%
10Y(CAGR)
IBM
+9.43%
Winner
SPY
+15.49%
Max(CAGR)
IBM
+6.12%
Winner
SPY
+8.50%
IBM vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IBM | SPY |
|---|---|---|
| 2026 | -20.77% | +8.27% |
| 2025 | +38.19% | +18.00% |
| 2024 | +41.04% | +25.59% |
| 2023 | +21.31% | +26.72% |
| 2022 | +8.77% | -18.64% |
| 2021 | +18.53% | +30.52% |
| 2020 | -2.20% | +17.28% |
| 2019 | +21.92% | +31.09% |
| 2018 | -22.96% | -5.24% |
| 2017 | -4.67% | +20.78% |
| 2016 | +26.73% | +13.59% |
| 2015 | -12.30% | +1.31% |
| 2014 | -11.43% | +14.56% |
| 2013 | -2.62% | +29.00% |
| 2012 | +4.56% | +14.17% |
| 2011 | +26.80% | +0.85% |
| 2010 | +12.95% | +13.14% |
| 2009 | +52.78% | +22.67% |
| 2008 | -18.18% | -36.25% |
| 2007 | +12.70% | +5.32% |
| 2006 | +19.97% | +13.85% |
| 2005 | -15.12% | +5.32% |
| 2004 | +8.51% | +10.75% |
| 2003 | +15.90% | +24.18% |
| 2002 | -35.76% | -22.42% |
| 2001 | +43.32% | -10.13% |
| 2000 | -26.39% | -8.84% |
| 1999 | +11.64% | +8.61% |
IBM vs SPY Drawdown Comparison
The maximum drawdown for IBM was -58.31%, occurring on Oct 9, 2002. Recovery took 1929 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current IBM drawdown is -26.68%.
| Rank | IBM | SPY |
|---|---|---|
| #1 | -58.31% Sep 1, 2000 - May 8, 2008 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -44.28% Jul 22, 2008 - Oct 12, 2009 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -43.71% Mar 14, 2013 - Nov 10, 2022 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -28.68% Nov 12, 2025 - Feb 23, 2026 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -20.10% Mar 27, 2000 - Aug 25, 2000 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -19.81% Jun 30, 2025 - Oct 7, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -17.60% Dec 13, 2022 - Aug 25, 2023 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -17.41% Jan 21, 2000 - Mar 27, 2000 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -16.86% Mar 12, 2024 - Aug 19, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -16.51% Feb 20, 2025 - May 15, 2025 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -14.56% Jul 19, 2011 - Oct 10, 2011 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -12.90% Oct 14, 2024 - Dec 4, 2024 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -12.24% Apr 3, 2012 - Oct 1, 2012 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -11.69% Oct 16, 2012 - Mar 7, 2013 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -9.54% Dec 8, 1999 - Jan 11, 2000 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between IBM and SPY is 0.88 which considered as a strong positive correlation - the stocks tend to move together.
0.88
-101
Dividend Comparison (1999 - 2026)
IBM vs SPY dividend yield comparison.
| Year | IBM | SPY |
|---|---|---|
| 2026 | 0.73% | 0.24% |
| 2025 | 2.27% | 1.07% |
| 2024 | 3.03% | 1.21% |
| 2023 | 4.05% | 1.40% |
| 2022 | 4.68% | 1.65% |
| 2021 | 4.74% | 1.20% |
| 2020 | 5.17% | 1.52% |
| 2019 | 4.80% | 1.75% |
| 2018 | 5.46% | 2.04% |
| 2017 | 3.85% | 1.80% |
| 2016 | 3.31% | 2.03% |
| 2015 | 3.63% | 2.06% |
| 2014 | 2.65% | 1.87% |
| 2013 | 1.97% | 1.81% |
| 2012 | 1.72% | 2.18% |
| 2011 | 1.58% | 2.05% |
| 2010 | 1.70% | 1.80% |
| 2009 | 1.64% | 1.95% |
| 2008 | 2.26% | 3.02% |
| 2007 | 1.39% | 1.85% |
| 2006 | 1.13% | 1.73% |
| 2005 | 0.95% | 1.73% |
| 2004 | 0.71% | 1.82% |
| 2003 | 0.68% | 1.47% |
| 2002 | 0.76% | 1.70% |
| 2001 | 0.45% | 1.25% |
| 2000 | 0.60% | 1.15% |
| 1999 | 0.11% | 0.24% |
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