ServiceNow (NOW) stock vs the S&P 500 and software stocks
As of 2 October 2026, ServiceNow (NOW) is among the strongest stocks we track. It is well ahead of the S&P 500 and ahead of software stocks as a group (IGV) over the past three months.
Where ServiceNow stands now
As of 2 October 2026, ServiceNow is still ahead of the S&P 500 over three months, but it gave back ground over the past month.
Inside its group, NOW is slipping: still ahead of software stocks (IGV) over three months, but behind over the past month. As a group, software stocks are beating the S&P 500 right now. A strong stock in a strong group: both the stock and the group have the wind behind them.
ServiceNow is 4.4% of IGV, so its moves weigh on the fund. It sits in 5 of the sector and theme funds Zensei tracks. The thing to watch is whether the lead holds as the longer windows catch up; leaders that keep their recent edge tend to stay in front.
NOW vs the S&P 500: returns
ServiceNow and the S&P 500 (SPY) side by side, over each window Zensei tracks.
Prices as of · computed from daily adjusted closes · how we measure
NOW against software stocks, in depth
See the size of the gap between ServiceNow and software stocks (IGV) over every window, its momentum and its relative strength, and where it sits among software stocks.
See the full analysisWhich ETFs hold ServiceNow?
5 funds that Zensei tracks hold NOW, by weight. The fund with the largest weight is its sector on this page.
ServiceNow competitors
The largest other holdings of iShares Expanded Tech-Software Sector ETF (IGV), with their return over the past month.
ServiceNow stock: common questions
Is ServiceNow stock beating the S&P 500?
As of 2 October 2026, ServiceNow (NOW) is down 6.0% over the past month. The S&P 500 is up 1.3% over the same month. Over three months, the stock is up 26.4% and the S&P 500 is up 3.6%.
Which ETFs hold ServiceNow?
As of 2 October 2026, 5 funds that Zensei tracks hold NOW. Its largest weight is in iShares Expanded Tech-Software Sector ETF (IGV), at 4.4%. It is also in First Trust Cloud Computing ETF (SKYY, 1.6%), Technology Select Sector SPDR (XLK, 0.8%), VanEck Social Sentiment ETF (BUZZ, 0.8%), SPDR S&P 1500 Momentum Tilt ETF (MMTM, 0.0%).
Who are ServiceNow's competitors?
As of 2 October 2026, the largest other holdings of iShares Expanded Tech-Software Sector ETF (IGV) are Palo Alto Networks Inc (PANW), Palantir Technologies (PLTR), CrowdStrike (CRWD), Microsoft (MSFT), Oracle (ORCL). These are the stocks ServiceNow sits next to among software stocks.
Is ServiceNow doing better than other software stocks?
As of 2 October 2026, ServiceNow (NOW) is ahead of software stocks as a group (IGV) over the past three months. Zensei Edge shows the size of the gap, its momentum and its relative strength.
Track ServiceNow against software 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.