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Zensei
Trailing the market and cloud stocks

IBM stock vs the S&P 500 and cloud stocks

As of 12 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 Last update : Among the weakest → trailing the market and cloud stocks
IBM 1M
−6.7%
S&P 500 1M
+2.1%
Funds that hold it
7
Weight in SKYY
3.2%

Where IBM stands now

As of 12 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 3.2% 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 peers in cloud stocks

The largest other holdings of First Trust Cloud Computing ETF (SKYY), by weight in the fund, with their plain return over the past month. They share the fund with the stock. They are not always direct business competitors.

Stock
Weight
1M
PEverpure Inc
5.1%+58.2%
DOCNDigitalocean Holdings Inc
4.3%+6.9%
ANETArista Networks Inc
3.6%+5.7%
NTNXNutanix Inc
3.6%+12.5%
MSFTMicrosoft
3.5%+9.2%
GOOGLAlphabet
3.4%+4.2%
AMZNAmazon
3.3%+1.1%
ORCLOracle
3.2%−8.3%
Each stock measured against the sector, with momentum and relative strengthUnlock with Premium

Is IBM in the S&P 500?

Yes

As of 12 October 2026, IBM is in the S&P 500. Its sector fund, Technology (XLK), holds it at 1.1% weight.

Every stock in one of the 11 S&P 500 sector funds is in the index. See Tech Stocks (XLK)

IBM ETF: the funds that hold IBM

7 funds that Zensei tracks hold IBM. The main sector is the fund Zensei groups it with. The other funds follow by weight.

Fund
Weight
SKYYCloud StocksMain sector
First Trust Cloud Computing ETF
3.2%
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%
KNCT5G Stocks
Alger Mid Cap 40 ETF
1.3%
XLKTech Stocks
Technology Select Sector SPDR
1.1%
GRIDPower Grid Stocks
First Trust NASDAQ Clean Edge Smart Grid Infrastructure ETF
0.85%

IBM stock performance: 1-month, 3-month and 1-year vs the S&P 500

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

Window
IBM
S&P 500
1 week+2.5%+0.4%
2 weeks+0.7%+0.9%
1 month−6.7%+2.1%
3 months−21.2%+4.1%
6 months−4.1%+12.6%
1 year−16.2%+20.4%

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

IBM stock: common questions

Which stocks are IBM's peers?

As of 12 October 2026, the largest other holdings of First Trust Cloud Computing ETF (SKYY) by weight are Everpure Inc (P), Digitalocean Holdings Inc (DOCN), Arista Networks Inc (ANET), Nutanix Inc (NTNX), Microsoft (MSFT). They share the fund with IBM. They are fund peers among cloud stocks, not always direct business competitors.

Which ETFs hold IBM?

As of 12 October 2026, 7 funds that Zensei tracks hold IBM. Zensei groups it with cloud stocks in First Trust Cloud Computing ETF (SKYY), where its weight is 3.2%. 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%), Alger Mid Cap 40 ETF (KNCT, 1.3%), Technology Select Sector SPDR (XLK, 1.1%).

Is IBM in the S&P 500?

As of 12 October 2026, IBM is in the S&P 500. Its sector fund, Technology (XLK), holds it at 1.1% weight.

What sector is IBM in?

As of 12 October 2026, Zensei groups IBM with cloud stocks (SKYY, its primary fund). In the S&P 500, it is in the Technology sector fund (XLK). It is also in blockchain stocks (BLOK), cybersecurity stocks (CIBR), AI stocks (THNQ) and power grid stocks (GRID).

Is IBM stock beating the S&P 500?

As of 12 October 2026, IBM is down 6.7% over the past month. The S&P 500 is up 2.1% over the same month. Over three months, the stock is down 21.2% and the S&P 500 is up 4.1%.

Is IBM doing better than other cloud stocks?

As of 12 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.

Recent changes

  1. ·Among the weakest → trailing the market and cloud stocks
  2. ·Trailing the market and cloud stocks → among the weakest
  3. ·First tracked: trailing the market and cloud stocks

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.

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