Skip to main content
Zensei
Trailing the market and cloud stocks

IBM stock vs the S&P 500 and cloud stocks

As of 2 October 2026, IBM is trailing both the S&P 500 and cloud stocks as a group (SKYY) over the past three months.

Prices as of
IBM 1M
−3.8%
S&P 500 1M
+1.3%
Funds that hold it
7
Weight in SKYY
3.3%

Where IBM stands now

As of 2 October 2026, IBM is behind the S&P 500 on every window Zensei tracks, from one month to one year. The market has preferred other stocks for some time.

Inside its group, IBM lags: it is behind cloud stocks (SKYY) over both the past month and three months. As a group, cloud stocks are among the strongest groups in the market right now. The group is doing the work here; the stock is not keeping up with it.

IBM is 3.3% of SKYY, so the fund's direction owes little to it. It sits in 7 of the sector and theme funds Zensei tracks. The thing to watch is the past month: a turn against the market usually shows there first.

IBM vs the S&P 500: returns

IBM and the S&P 500 (SPY) side by side, over each window Zensei tracks.

Window
IBM
S&P 500
1 week−1.3%−0.2%
2 weeks−6.4%+1.2%
1 month−3.8%+1.3%
3 months−22.6%+3.6%
6 months−9.0%+17.9%
1 year−20.3%+16.2%

Prices as of · computed from daily adjusted closes · how we measure

Zensei Edge

IBM against cloud stocks, in depth

See the size of the gap between IBM and cloud stocks (SKYY) over every window, its momentum and its relative strength, and where it sits among cloud stocks.

See the full analysis

Which ETFs hold IBM?

7 funds that Zensei tracks hold IBM, by weight. The fund with the largest weight is its sector on this page.

Fund
Weight
SKYYCloud StocksMain sector
First Trust Cloud Computing ETF
3.3%
BLOKBlockchain Stocks
Amplify Transformational Data Sharing ETF
2.2%
CIBRCybersecurity Stocks
First Trust NASDAQ Cybersecurity ETF
1.8%
THNQAI Stocks
Robo Global Artificial Intelligence ETF
1.4%
XLKTech Stocks
Technology Select Sector SPDR
1.2%
GRIDPower Grid Stocks
First Trust NASDAQ Clean Edge Smart Grid Infrastructure ETF
0.85%
KNCT5G Stocks
Alger Mid Cap 40 ETF
1.3%

IBM competitors

The largest other holdings of First Trust Cloud Computing ETF (SKYY), with their return over the past month.

Stock
Weight
1M
PEverpure Inc
4.9%+49.4%
DOCNDigitalocean Holdings Inc
4.2%+28.6%
ANETArista Networks Inc
3.6%+9.6%
NTNXNutanix Inc
3.6%+8.4%
GOOGLAlphabet
3.5%+2.6%
MSFTMicrosoft
3.5%+3.3%
AMZNAmazon
3.3%−1.3%
ORCLOracle
3.2%+0.7%
Each stock measured against the sector, with momentum and relative strengthUnlock with Premium

IBM stock: common questions

Is IBM stock beating the S&P 500?

As of 2 October 2026, IBM is down 3.8% over the past month. The S&P 500 is up 1.3% over the same month. Over three months, the stock is down 22.6% and the S&P 500 is up 3.6%.

Which ETFs hold IBM?

As of 2 October 2026, 7 funds that Zensei tracks hold IBM. Its largest weight is in First Trust Cloud Computing ETF (SKYY), at 3.3%. It is also in Amplify Transformational Data Sharing ETF (BLOK, 2.2%), First Trust NASDAQ Cybersecurity ETF (CIBR, 1.8%), Robo Global Artificial Intelligence ETF (THNQ, 1.4%), Technology Select Sector SPDR (XLK, 1.2%), First Trust NASDAQ Clean Edge Smart Grid Infrastructure ETF (GRID, 0.9%).

Who are IBM's competitors?

As of 2 October 2026, the largest other holdings of First Trust Cloud Computing ETF (SKYY) are Everpure Inc (P), Digitalocean Holdings Inc (DOCN), Arista Networks Inc (ANET), Nutanix Inc (NTNX), Alphabet (GOOGL). These are the stocks IBM sits next to among cloud stocks.

Is IBM doing better than other cloud stocks?

As of 2 October 2026, IBM is behind cloud stocks as a group (SKYY) over the past three months. Zensei Edge shows the size of the gap, its momentum and its relative strength.

Track IBM against cloud stocks and the market

Zensei Edge maps 100+ sectors and themes against the S&P 500, with each stock inside them measured against its group.

Get started for freeSee all cloud stocks