If you had invested $1,000 in International Business Machines (IBM)
10 years ago (Mon, Nov 7, 2016), $1,000 in IBM grew to $2,499 by Fri, Nov 6, 2026 with dividends reinvested ($1,646 on price alone). The same $1,000 in SPY grew to $4,042. Along the way IBM fell as much as -40.6% from a high. Past results do not tell you what happens next.
| Invested | IBM, dividends reinvested | Per year | Worst fall | SPY | SPY per year |
|---|---|---|---|---|---|
| 1 year ago | $805 | -19.6% | -37.5% | $1,109 | +10.9% |
| 3 years ago | $1,804 | +21.7% | -37.5% | $1,750 | +20.5% |
| 5 years ago | $2,385 | +19.0% | -37.5% | $1,677 | +10.9% |
| 10 years ago | $2,499 | +9.6% | -40.6% | $4,042 | +15.0% |
Today: model fair value $136.65 against a $245.00 price (gap -44.2%).