What if I had invested in JD.com
Every lump sum scenario for JD.com, start year by start year, using real prices and each month's exchange rate.
JD.com, a stock listed on Wall Street, went nowhere in dollar terms: +14.8% between May 2014 and November 2026, +1.1% a year. At $28.69, the price is 69.4% below the $93.87 record set in February 2021, split-adjusted. Of 150 possible purchase months since May 2014, only 32% would be in profit today for a lump sum.
Data: Yahoo Finance monthly closing prices, up to date as of (latest update November 5, 2026) MethodAuthor: Yann Avondo
If I had invested $1,000 as a lump sum in JD.com in January 2016, today I would have $889
Over the same period
Worst moment: −76.0% between February 2021 and January 2024. To get this result, you had to hold on without selling.
JD.com at a glance
JD.com is China’s second-largest online retailer, known for its in-house delivery network. Listed in New York since 2014, it has suffered, like its peers, from regulatory pressure and slowing Chinese consumption.
Between February 2021 and January 2024, JD.com lost 76.0% of its value in dollar terms, and that peak has still not been regained. Calendar year after calendar year, 5 of 11 ended higher; the best, 2020, returned +149.5%, the worst, 2018, cost 49.5%. Over the same period, the MSCI World (price index) returned +8.8% a year in dollar terms: JD.com lagged well behind.
$1,000 invested in JD.com, by start year
Bought in January, valued at the latest price. Click a year for the full story.
| Start | Worth today | Multiple | Per year |
|---|---|---|---|
| $828 | ×0.83 | −9.4% | |
| $993 | ×0.99 | −0.2% | |
| $511 | ×0.51 | −15.7% | |
| $409 | ×0.41 | −16.6% | |
| $326 | ×0.33 | −17.2% | |
| $814 | ×0.81 | −2.9% | |
| $1,371 | ×1.37 | +4.1% | |
| $693 | ×0.69 | −4.0% | |
| $1,128 | ×1.13 | +1.2% | |
| $889 | ×0.89 | −1.1% | |
| $1,240 | ×1.24 | +1.8% |
Lump sum or DCA in JD.com?
Since January 2016, investing in JD.com all at once (lump sum) multiplied the stake by ×0.89, −1.1% a year. Investing every month (DCA) multiplied the total contributions by ×0.81, an annual return (IRR) of −4.0%.
Here the lump sum did better: money invested early rode the whole rise. That is the most common outcome on an asset that goes up.
Frequently asked questions
How much would $1,000 invested in JD.com 10 years ago be worth today?
$1,000 invested in JD.com in January 2016 would be worth about $889 today, an average annual return of −1.1% (price only, in the displayed currency).
What if I had invested $1,000 in JD.com in 2015?
Invested in January 2015, $1,000 would be worth about $1,240 today, +1.8% a year on average.
What if I had invested $1,000 in JD.com in 2020?
Invested in January 2020, $1,000 would be worth about $814 today, −2.9% a year on average.
What was the best year to invest in JD.com?
Among the start years covered, 2019 gave the best result: $1,000 would have become $1,371. The weakest was 2021, worth $326 today. This ranking is only known with hindsight.
Are dividends included?
By default, the calculation follows the market price only. The "Reinvest dividends" option uses the adjusted price, which includes dividends paid and stock splits: the closest measure of what an investor actually earned.
Are exchange rates taken into account?
Yes. JD.com trades in its own currency; every purchase and valuation is converted at that month's exchange rate. A US asset can gain in dollars and less in euros if the dollar weakened.
Are fees and taxes included?
No: results are before brokerage fees, fund fees and taxes. Your net result depends on the account you invest through.
Compare with
Before you have regrets
What this calculation does not tell you.
Hindsight bias
Picking Nvidia or Bitcoin today means picking known winners. Back then, nothing set them apart from hundreds of assets that went nowhere or vanished.
Holding on was the real test
The result assumes you never sold, including through the drawdowns shown above. Very few investors actually do.
The broad market, no bet required
The MSCI World never makes headlines, but it does not require guessing the winner. It is the fairest yardstick for any pick.
Method: past performance, computed from split-adjusted monthly closing prices (intra-month lows are smoothed out). Converted at each month’s exchange rate; no fees, no taxes. The MSCI World benchmark is the price index, excluding dividends. Sources: Yahoo Finance (prices, exchange rates, US Treasury bills), Eurostat (inflation), published regulated rates (Livret A). Not investment advice. NokxiHub.