Work From Home Stocks
Track 18 stocks that defined the COVID-era work-from-home trade
8
5Y Winners
10
5Y Losers
+7.0%
Avg 5Y Return
$9.78T
Total Market Cap
The Rise and Fall of WFH Stocks
2020: The Boom
COVID lockdowns sent WFH stocks soaring. Zoom rose 400%+, DocuSign tripled. Everyone needed video calls and e-signatures.
2021: Peak Mania
Valuations hit extremes. Zoom traded at 100x sales. Investors priced in permanent remote work transformation.
2022-Now: Reality Check
Return-to-office, rate hikes, and slowing growth crushed valuations. Many WFH stocks down 70-80% from peaks.
Monthly Returns Heatmap (2018-2026)
See how WFH stocks performed month by month - the 2020 boom and subsequent crash in vivid color
Monthly: -20% -10% -5% 0% +5% +10% +20%
GOOGL Alphabet Inc.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 | +12 | -7 | -6 | -2 | +8 | +3 | +9 | +0 | -2 | -10 | +2 | -6 | -1% |
| 2019 | +8 | +0 | +4 | +2 | -8 | -2 | +13 | -2 | +3 | +3 | +4 | +3 | +28% |
| 2020 | +7 | -7 | -13 | +16 | +6 | -1 | +5 | +10 | -10 | +10 | +9 | -0 | +31% |
| 2021 | +4 | +11 | +2 | +14 | +0 | +4 | +10 | +7 | -8 | +11 | -4 | +2 | +65% |
| 2022 | -7 | -0 | +3 | -18 | -0 | -4 | +7 | -7 | -12 | -1 | +7 | -13 | -39% |
| 2023 | +12 | -9 | +15 | +3 | +14 | -3 | +11 | +3 | -4 | -5 | +7 | +5 | +58% |
| 2024 | +0 | -1 | +9 | +8 | +6 | +6 | -6 | -5 | +2 | +3 | -1 | +12 | +36% |
| 2025 | +8 | -17 | -9 | +3 | +8 | +3 | +9 | +11 | +14 | +16 | +14 | -2 | +66% |
| 2026 | +8 | -8 | -3 | — | — | — | — | — | — | — | — | — | -3% |
MSFT Microsoft Corporation
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 | +11 | -1 | -3 | +2 | +6 | -0 | +8 | +6 | +2 | -7 | +4 | -8 | +21% |
| 2019 | +3 | +8 | +5 | +11 | -5 | +8 | +2 | +2 | +1 | +3 | +6 | +4 | +58% |
| 2020 | +8 | -5 | -3 | +14 | +3 | +11 | +1 | +10 | -7 | -4 | +6 | +4 | +43% |
| 2021 | +4 | +0 | +1 | +7 | -1 | +9 | +5 | +6 | -7 | +18 | -0 | +2 | +52% |
| 2022 | -8 | -4 | +3 | -10 | -2 | -6 | +9 | -7 | -11 | -0 | +10 | -6 | -28% |
| 2023 | +3 | +1 | +16 | +7 | +7 | +4 | -1 | -2 | -4 | +7 | +12 | -1 | +58% |
| 2024 | +6 | +4 | +2 | -7 | +7 | +8 | -6 | -0 | +3 | -6 | +4 | -0 | +13% |
| 2025 | -2 | -4 | -5 | +5 | +17 | +8 | +7 | -5 | +2 | -0 | -5 | -2 | +16% |
| 2026 | -11 | -9 | -2 | — | — | — | — | — | — | — | — | — | -21% |
ZM Zoom Communications, Inc.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019 | — | — | — | — | +10 | +11 | +8 | -4 | -17 | -8 | +7 | -9 | — |
| 2020 | +12 | +38 | +39 | -7 | +33 | +41 | +0 | +28 | +45 | -2 | +4 | -29 | +396% |
| 2021 | +10 | +0 | -14 | -1 | +4 | +17 | -2 | -23 | -10 | +5 | -23 | -13 | -45% |
| 2022 | -16 | -14 | -12 | -15 | +8 | +0 | -4 | -23 | -8 | +13 | -10 | -10 | -63% |
| 2023 | +11 | -1 | -1 | -17 | +9 | +1 | +8 | -3 | -2 | -14 | +13 | +6 | +6% |
| 2024 | -10 | +9 | -8 | -7 | +0 | -4 | +2 | +14 | +1 | +7 | +11 | -1 | +13% |
| 2025 | +7 | -15 | +0 | +5 | +5 | -4 | -5 | +10 | +1 | +6 | -3 | +2 | +6% |
| 2026 | +7 | -20 | +4 | — | — | — | — | — | — | — | — | — | -11% |
AMZN Amazon.com, Inc.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 | +24 | +4 | -4 | +8 | +4 | +4 | +5 | +13 | -0 | -20 | +6 | -11 | +28% |
| 2019 | +14 | -5 | +9 | +8 | -8 | +7 | -1 | -5 | -2 | +2 | +1 | +3 | +23% |
| 2020 | +9 | -6 | +4 | +27 | -1 | +13 | +15 | +9 | -9 | -4 | +4 | +3 | +76% |
| 2021 | -2 | -4 | +0 | +12 | -7 | +7 | -3 | +4 | -5 | +3 | +4 | -5 | +2% |
| 2022 | -10 | +3 | +6 | -24 | -3 | -12 | +27 | -6 | -11 | -9 | -6 | -13 | -50% |
| 2023 | +23 | -9 | +10 | +2 | +14 | +8 | +3 | +3 | -8 | +5 | +10 | +4 | +81% |
| 2024 | +2 | +14 | +2 | -3 | +1 | +10 | -3 | -5 | +4 | +0 | +12 | +6 | +44% |
| 2025 | +8 | -11 | -10 | -3 | +11 | +7 | +7 | -2 | -4 | +11 | -5 | -1 | +5% |
| 2026 | +4 | -12 | +0 | — | — | — | — | — | — | — | — | — | -9% |
ABNB Airbnb, Inc.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | +25 | +12 | -9 | -8 | -19 | +9 | -6 | +8 | +8 | +2 | +1 | -4 | +13% |
| 2022 | -8 | -2 | +13 | -11 | -21 | -26 | +25 | +2 | -7 | +2 | -4 | -16 | -49% |
| 2023 | +30 | +11 | +1 | -4 | -8 | +17 | +19 | -14 | +4 | -14 | +7 | +8 | +59% |
| 2024 | +6 | +9 | +5 | -4 | -9 | +5 | -8 | -16 | +8 | +6 | +1 | -3 | -3% |
| 2025 | -0 | +6 | -14 | +2 | +6 | +3 | +0 | -1 | -7 | +4 | -8 | +16 | +3% |
| 2026 | -5 | +4 | -2 | — | — | — | — | — | — | — | — | — | -2% |
ETSY Etsy, Inc.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 | -8 | +35 | +11 | +7 | +8 | +30 | -3 | +19 | +6 | -17 | +27 | -12 | +133% |
| 2019 | +15 | +30 | -6 | +0 | -8 | -2 | +9 | -21 | +7 | -21 | -2 | +2 | -7% |
| 2020 | +10 | +18 | -34 | +69 | +25 | +31 | +11 | +1 | +2 | -0 | +32 | +11 | +302% |
| 2021 | +12 | +11 | -8 | -1 | -17 | +25 | -11 | +18 | -4 | +21 | +10 | -20 | +23% |
| 2022 | -28 | -1 | -20 | -25 | -13 | -10 | +42 | +2 | -5 | -6 | +41 | -9 | -45% |
| 2023 | +15 | -12 | -8 | -9 | -20 | +4 | +20 | -28 | -12 | -4 | +22 | +7 | -32% |
| 2024 | -18 | +8 | -4 | -0 | -8 | -7 | +10 | -15 | +1 | -7 | +7 | -4 | -35% |
| 2025 | +4 | -7 | -8 | -8 | +27 | -9 | +16 | -9 | +25 | -7 | -13 | +2 | +5% |
| 2026 | -4 | +4 | -4 | — | — | — | — | — | — | — | — | — | -5% |
W Wayfair Inc.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 | +15 | -16 | -13 | -8 | +48 | +29 | -8 | +24 | +9 | -25 | -4 | -15 | +12% |
| 2019 | +22 | +51 | -10 | +9 | -11 | +1 | -10 | -14 | -1 | -27 | +3 | +6 | +0% |
| 2020 | +4 | -33 | -15 | +132 | +38 | +15 | +35 | +11 | -2 | -15 | +3 | -11 | +150% |
| 2021 | +21 | +6 | +9 | -6 | +4 | +3 | -24 | +16 | -9 | -3 | -1 | -23 | -16% |
| 2022 | -18 | -10 | -21 | -31 | -23 | -27 | +24 | -2 | -38 | +17 | -3 | -10 | -83% |
| 2023 | +84 | -33 | -15 | +1 | +16 | +61 | +20 | -11 | -12 | -30 | +31 | +11 | +88% |
| 2024 | -19 | +19 | +14 | -26 | +19 | -11 | +3 | -22 | +32 | -24 | +8 | -4 | -28% |
| 2025 | +9 | -18 | -19 | -6 | +37 | +24 | +28 | +14 | +20 | +16 | +7 | -9 | +127% |
| 2026 | +3 | -26 | +0 | — | — | — | — | — | — | — | — | — | -24% |
NET Cloudflare, Inc.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019 | — | — | — | — | — | — | — | — | — | -9 | +16 | -12 | — |
| 2020 | +5 | +19 | +10 | +0 | +23 | +24 | +16 | -8 | +7 | +27 | +44 | +1 | +345% |
| 2021 | +1 | -4 | -5 | +21 | -3 | +29 | +12 | +2 | -7 | +73 | -3 | -30 | +73% |
| 2022 | -27 | +21 | +3 | -28 | -35 | -22 | +15 | +24 | -12 | +2 | -13 | -8 | -66% |
| 2023 | +17 | +13 | +3 | -24 | +47 | -5 | +5 | -5 | -3 | -10 | +36 | +8 | +84% |
| 2024 | -5 | +25 | -2 | -10 | -23 | +22 | -6 | +6 | -2 | +8 | +14 | +8 | +29% |
| 2025 | +29 | +5 | -22 | +7 | +37 | +18 | +6 | +1 | +3 | +18 | -21 | -2 | +83% |
| 2026 | -10 | -3 | +28 | — | — | — | — | — | — | — | — | — | +12% |
DDOG Datadog, Inc.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019 | — | — | — | — | — | — | — | — | — | -1 | +21 | -7 | — |
| 2020 | +22 | -2 | -20 | +25 | +58 | +22 | +8 | -11 | +22 | -11 | +9 | -0 | +161% |
| 2021 | +4 | -7 | -13 | +3 | +6 | +14 | +6 | +24 | +3 | +18 | +7 | -0 | +81% |
| 2022 | -18 | +10 | -6 | -20 | -21 | -0 | +7 | +3 | -15 | -9 | -6 | -3 | -59% |
| 2023 | +2 | +2 | -5 | -7 | +41 | +4 | +19 | -17 | -6 | -11 | +43 | +4 | +65% |
| 2024 | +3 | +6 | -6 | +2 | -12 | +18 | -10 | -0 | -1 | +9 | +22 | -6 | +18% |
| 2025 | -0 | -18 | -15 | +3 | +15 | +14 | +4 | -2 | +4 | +14 | -2 | -15 | -5% |
| 2026 | -5 | -13 | +15 | — | — | — | — | — | — | — | — | — | -5% |
NOW ServiceNow, Inc.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 | +14 | +8 | +3 | +0 | +7 | -3 | +2 | +12 | -0 | -7 | +2 | -4 | +37% |
| 2019 | +24 | +9 | +3 | +10 | -4 | +5 | +1 | -6 | -3 | -3 | +14 | -0 | +59% |
| 2020 | +20 | -4 | -12 | +23 | +10 | +4 | +8 | +10 | +1 | +3 | +7 | +3 | +95% |
| 2021 | -1 | -2 | -6 | +1 | -6 | +16 | +7 | +9 | -3 | +12 | -7 | +0 | +18% |
| 2022 | -10 | -1 | -4 | -14 | -2 | +2 | -6 | -3 | -13 | +11 | -1 | -7 | -40% |
| 2023 | +17 | -5 | +8 | -1 | +19 | +3 | +4 | +1 | -5 | +4 | +18 | +3 | +82% |
| 2024 | +8 | +1 | -1 | -9 | -5 | +20 | +4 | +5 | +5 | +4 | +12 | +1 | +50% |
| 2025 | -4 | -9 | -14 | +20 | +6 | +2 | -8 | -3 | +0 | -0 | -12 | -6 | -28% |
| 2026 | -24 | -8 | +3 | — | — | — | — | — | — | — | — | — | -28% |
SNOW Snowflake Inc.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | — | — | — | — | — | — | — | — | — | -0 | +30 | -14 | — |
| 2021 | -3 | -5 | -12 | +1 | +3 | +2 | +10 | +15 | -1 | +17 | -4 | -0 | +20% |
| 2022 | -19 | -4 | -14 | -25 | -26 | +9 | +8 | +21 | -6 | -6 | -11 | +0 | -58% |
| 2023 | +9 | -1 | -0 | -4 | +12 | +6 | +1 | -12 | -3 | -5 | +29 | +6 | +39% |
| 2024 | -2 | -4 | -14 | -4 | -12 | -1 | -3 | -12 | +1 | -0 | +52 | -12 | -22% |
| 2025 | +18 | -2 | -17 | +9 | +29 | +9 | -0 | +7 | -5 | +22 | -9 | -13 | +42% |
| 2026 | -12 | -13 | +3 | — | — | — | — | — | — | — | — | — | -21% |
PYPL PayPal Holdings, Inc.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 | +16 | -7 | -4 | -2 | +10 | +1 | -1 | +12 | -5 | -4 | +2 | -2 | +14% |
| 2019 | +6 | +10 | +6 | +9 | -3 | +4 | -4 | -1 | -5 | +0 | +4 | +0 | +29% |
| 2020 | +5 | -5 | -11 | +28 | +26 | +12 | +13 | +4 | -3 | -6 | +15 | +9 | +117% |
| 2021 | +0 | +11 | -7 | +8 | -1 | +12 | -5 | +5 | -10 | -11 | -21 | +2 | -19% |
| 2022 | -9 | -35 | +3 | -24 | -3 | -18 | +24 | +8 | -8 | -3 | -6 | -9 | -62% |
| 2023 | +14 | -10 | +3 | +0 | -18 | +8 | +14 | -18 | -6 | -11 | +11 | +7 | -14% |
| 2024 | -0 | -2 | +11 | +1 | -7 | -8 | +13 | +10 | +8 | +2 | +9 | -2 | +39% |
| 2025 | +4 | -20 | -8 | +1 | +7 | +6 | -7 | +2 | -4 | +3 | -9 | -7 | -31% |
| 2026 | -10 | -12 | -1 | — | — | — | — | — | — | — | — | — | -22% |
INTU Intuit Inc.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 | +7 | -1 | +4 | +7 | +9 | +1 | +0 | +7 | +4 | -7 | +2 | -8 | +26% |
| 2019 | +10 | +15 | +6 | -4 | -2 | +7 | +6 | +4 | -8 | -3 | +1 | +1 | +34% |
| 2020 | +7 | -5 | -13 | +18 | +8 | +2 | +4 | +13 | -6 | -3 | +12 | +8 | +46% |
| 2021 | -5 | +8 | -2 | +8 | +7 | +12 | +8 | +7 | -5 | +16 | +4 | -1 | +70% |
| 2022 | -14 | -15 | +1 | -13 | -1 | -7 | +19 | -5 | -10 | +11 | -5 | -5 | -39% |
| 2023 | +9 | -4 | +9 | -0 | -6 | +9 | +12 | +6 | -6 | -3 | +15 | +9 | +62% |
| 2024 | +1 | +5 | -2 | -4 | -8 | +14 | -1 | -3 | -1 | -2 | +5 | -2 | +1% |
| 2025 | -4 | +2 | +0 | +2 | +20 | +5 | -0 | -15 | +2 | -2 | -5 | +4 | +6% |
| 2026 | -25 | -18 | +12 | — | — | — | — | — | — | — | — | — | -31% |
CRM Salesforce, Inc.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 | +11 | +2 | +0 | +4 | +7 | +5 | +1 | +11 | +4 | -14 | +4 | -4 | +34% |
| 2019 | +11 | +8 | -3 | +4 | -8 | +0 | +2 | +1 | -5 | +5 | +4 | -0 | +19% |
| 2020 | +12 | -7 | -16 | +12 | +8 | +7 | +4 | +40 | -8 | -8 | +6 | -9 | +37% |
| 2021 | +1 | -4 | -2 | +9 | +3 | +3 | -1 | +10 | +2 | +11 | -5 | -11 | +14% |
| 2022 | -8 | -10 | +1 | -17 | -9 | +3 | +12 | -15 | -8 | +13 | -1 | -17 | -48% |
| 2023 | +27 | -3 | +22 | -1 | +13 | -5 | +7 | -2 | -8 | -1 | +25 | +4 | +98% |
| 2024 | +7 | +10 | -2 | -11 | -13 | +10 | +1 | -2 | +8 | +6 | +13 | +1 | +28% |
| 2025 | +2 | -13 | -10 | +0 | -1 | +3 | -5 | -1 | -7 | +10 | -11 | +15 | -20% |
| 2026 | -20 | -8 | +0 | — | — | — | — | — | — | — | — | — | -26% |
ADBE Adobe Inc.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 | +14 | +5 | +3 | +3 | +12 | -2 | +0 | +8 | +2 | -9 | +2 | -10 | +29% |
| 2019 | +10 | +6 | +2 | +9 | -6 | +9 | +1 | -5 | -3 | +1 | +11 | +7 | +46% |
| 2020 | +6 | -2 | -8 | +11 | +9 | +13 | +2 | +16 | -4 | -9 | +7 | +5 | +52% |
| 2021 | -8 | +0 | +3 | +7 | -1 | +16 | +6 | +7 | -13 | +13 | +3 | -15 | +13% |
| 2022 | -6 | -12 | -3 | -13 | +5 | -12 | +12 | -9 | -26 | +16 | +8 | -2 | -41% |
| 2023 | +10 | -13 | +19 | -2 | +11 | +17 | +12 | +2 | -9 | +4 | +15 | -2 | +77% |
| 2024 | +4 | -9 | -10 | -8 | -4 | +25 | -1 | +4 | -10 | -8 | +8 | -14 | -25% |
| 2025 | -2 | +0 | -13 | -2 | +11 | -7 | -8 | -0 | -1 | -4 | -6 | +9 | -21% |
| 2026 | -16 | -11 | -6 | — | — | — | — | — | — | — | — | — | -29% |
WDAY Workday, Inc.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 | +18 | +6 | +0 | -2 | +5 | -8 | +2 | +25 | -6 | -9 | +23 | -3 | +57% |
| 2019 | +14 | +9 | -3 | +7 | -1 | +1 | -3 | -11 | -4 | -5 | +10 | -8 | +3% |
| 2020 | +12 | -6 | -25 | +18 | +19 | +2 | -3 | +33 | -10 | -2 | +7 | +7 | +46% |
| 2021 | -5 | +8 | +1 | -1 | -7 | +4 | -2 | +17 | -9 | +16 | -5 | -0 | +14% |
| 2022 | -7 | -9 | +5 | -14 | -24 | -11 | +11 | +6 | -8 | +2 | +8 | -0 | -39% |
| 2023 | +8 | +2 | +11 | -10 | +14 | +7 | +5 | +3 | -12 | -1 | +28 | +2 | +65% |
| 2024 | +5 | +1 | -7 | -10 | -14 | +6 | +2 | +16 | -7 | -4 | +7 | +3 | -7% |
| 2025 | +2 | +0 | -11 | +5 | +1 | -3 | -4 | +1 | +4 | -0 | -10 | -0 | -17% |
| 2026 | -18 | -24 | -1 | — | — | — | — | — | — | — | — | — | -38% |
DOCU DocuSign, Inc.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 | — | — | — | — | +29 | +6 | +2 | +16 | -16 | -20 | -0 | -4 | — |
| 2019 | +23 | +12 | -6 | +9 | -1 | -11 | +4 | -10 | +33 | +7 | +8 | +4 | +85% |
| 2020 | +6 | +10 | +7 | +13 | +33 | +23 | +26 | +3 | -3 | -6 | +13 | -2 | +200% |
| 2021 | +5 | -3 | -11 | +10 | -10 | +39 | +7 | -1 | -13 | +8 | -11 | -38 | -31% |
| 2022 | -17 | -6 | -10 | -24 | +4 | -32 | +12 | -9 | -8 | -10 | -3 | +18 | -64% |
| 2023 | +9 | +1 | -5 | -15 | +14 | -9 | +5 | -7 | -17 | -7 | +11 | +38 | +7% |
| 2024 | +2 | -13 | +12 | -5 | -3 | -2 | +4 | +7 | +5 | +12 | +15 | +13 | +51% |
| 2025 | +8 | -14 | -2 | +0 | +8 | -12 | -3 | +1 | -6 | +1 | -5 | -1 | -24% |
| 2026 | -23 | -14 | +5 | — | — | — | — | — | — | — | — | — | -31% |
CRWD CrowdStrike Holdings, Inc.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019 | — | — | — | — | — | — | +30 | -9 | -28 | -14 | +16 | -14 | — |
| 2020 | +23 | -2 | -7 | +22 | +30 | +14 | +13 | +11 | +9 | -10 | +24 | +38 | +325% |
| 2021 | +2 | +0 | -16 | +14 | +7 | +13 | +1 | +11 | -13 | +15 | -23 | -6 | -3% |
| 2022 | -12 | +8 | +16 | -12 | -20 | +5 | +9 | -1 | -10 | -2 | -27 | -11 | -49% |
| 2023 | +1 | +14 | +14 | -13 | +33 | -8 | +10 | +1 | +3 | +6 | +34 | +8 | +142% |
| 2024 | +15 | +11 | -1 | -9 | +7 | +22 | -39 | +20 | +1 | +6 | +17 | -1 | +34% |
| 2025 | +16 | -2 | -10 | +22 | +10 | +8 | -11 | -7 | +16 | +11 | -6 | -8 | +37% |
| 2026 | -6 | -16 | +11 | — | — | — | — | — | — | — | — | — | -12% |
Video & Collaboration
3 stocks
| Company | Ticker | 1Y Return | 5Y Return | Market Cap |
|---|---|---|---|---|
| Alphabet Inc. | GOOGL | +84.8% | +192.5% | $3.65T |
| Microsoft Corporation | MSFT | -1.4% | +68.4% | $2.85T |
| Zoom Communications, Inc. | ZM | +0.8% | -77.1% | $23B |
E-Commerce & Delivery
4 stocks
| Company | Ticker | 1Y Return | 5Y Return | Market Cap |
|---|---|---|---|---|
| Amazon.com, Inc. | AMZN | +7.1% | +34.0% | $2.26T |
| Airbnb, Inc. | ABNB | +2.9% | -34.1% | $79B |
| Etsy, Inc. | ETSY | +16.4% | -76.0% | $5B |
| Wayfair Inc. | W | +127.5% | -76.2% | $10B |
Cloud Infrastructure
4 stocks
| Company | Ticker | 1Y Return | 5Y Return | Market Cap |
|---|---|---|---|---|
| Cloudflare, Inc. | NET | +85.1% | +194.9% | $78B |
| Datadog, Inc. | DDOG | +23.0% | +49.3% | $46B |
| ServiceNow, Inc. | NOW | -33.0% | +14.4% | $117B |
| Snowflake Inc. | SNOW | +10.0% | -24.4% | $60B |
Digital Payments
1 stocks
| Company | Ticker | 1Y Return | 5Y Return | Market Cap |
|---|---|---|---|---|
| PayPal Holdings, Inc. | PYPL | -34.8% | -81.8% | $43B |
Enterprise Software
4 stocks
| Company | Ticker | 1Y Return | 5Y Return | Market Cap |
|---|---|---|---|---|
| Intuit Inc. | INTU | -23.8% | +20.4% | $127B |
| Salesforce, Inc. | CRM | -30.0% | -7.3% | $183B |
| Adobe Inc. | ADBE | -36.0% | -45.1% | $102B |
| Workday, Inc. | WDAY | -44.2% | -46.2% | $35B |
E-Signatures & Documents
1 stocks
| Company | Ticker | 1Y Return | 5Y Return | Market Cap |
|---|---|---|---|---|
| DocuSign, Inc. | DOCU | -44.5% | -77.6% | $9B |
Cybersecurity
1 stocks
| Company | Ticker | 1Y Return | 5Y Return | Market Cap |
|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | CRWD | +14.1% | +98.7% | $105B |
5-Year Returns: WFH Stocks
Lessons from the WFH Trade
Valuation matters eventually. Even transformative trends can be overpriced. Zoom at 100x sales was pricing in a decade of perfect execution.
Competition erodes moats. Microsoft Teams, Google Meet, and others quickly matched Zoom's features. First-mover advantage faded.
Pandemic demand was pulled forward. Companies bought 3-5 years of digital transformation in months. Growth had to slow.
Big Tech proved resilient. MSFT, GOOGL, and AMZN absorbed WFH trends into their ecosystems and held up better than pure-plays.
Frequently Asked Questions
What are the best work-from-home stocks?
Among WFH-related stocks, NET leads with a 5-year return of +194.9%. Large-cap tech companies like Microsoft, Google, and Amazon have performed far better than pure-play WFH stocks like Zoom and DocuSign, as they absorbed remote work trends into their broader ecosystems.
How have WFH stocks performed after COVID?
WFH stocks have been a tale of two markets. Of 18 stocks tracked, 8 are positive over 5 years while 10 are negative. The average 5-year return is +7.0%. Pure-play pandemic stocks crashed from 2021 highs, while diversified tech companies held up well.
How has Zoom stock performed since COVID?
Zoom surged over 400% during 2020 as lockdowns drove massive adoption. However, the stock has declined sharply from its 2021 highs as competition from Microsoft Teams and Google Meet intensified, return-to-office trends reduced demand, and its extreme valuation (100x sales) compressed. Zoom remains well below its pandemic peak.
Are remote work stocks still a good investment?
The pure "work from home" trade is largely over. However, remote and hybrid work is now permanent for many companies, benefiting cloud infrastructure (NET, DDOG), cybersecurity (CRWD), and enterprise software (CRM, NOW). The key lesson is that Big Tech companies absorbed WFH trends more effectively than niche pure-plays.
What lessons can investors learn from the WFH stock boom?
The WFH trade teaches that valuation matters even for transformative trends. Buying great companies at extreme valuations (Zoom at 100x sales) leads to poor returns. Competition erodes moats quickly in tech. Pandemic demand was pulled forward, making growth unsustainable. Diversified platforms outperform single-product companies.