- Only a fifth of FAANG stocks appear in the list of 10 best performing stocks of the 21st century.
- The best-performing stock in the last two decades is not a Silicon Valley wunderkid.
- Netflix and Apple save the day, however.
For years, FAANG stocks (Facebook, Amazon, Apple, Netflix, and Google) have received the adulation of investors as must-own stocks. Unfortunately, this might have given the impression that they were the only equities capable of delivering spectacular growth.
This has proven not to be true as a new list of the ten best-performing stocks of the 21st century prepared by HowMuch.net, a cost-estimating website, only features two FAANG stocks – in second and seventh positions no less.
The period under review for the top 10 best-performing stocks ranged between December 31, 1999 and October 22, 2019. The only two FAANG stocks that appear in the list are Netflix (NASDAQ: NFLX) and Apple (NASDAQ: AAPL).
21st century’s best-performing stocks. | Source: HowMuch.net
Netflix and Apple save FAANG the embarrassment
According to the cost-estimating site, Netflix was the second best-performing U.S.-listed stock of the 21st century. An investment of $100 in Netflix in 2000 has grown 22,971% and is now valued at $23,071. The online video streaming giant went public in 2002.
The only other FAANG stock in the list, Apple, was the seventh best-performing stock since 2000. An investment of $100 made in the iPhone maker has grown 7,316% and is now worth $7,416. Apple IPO’d nearly four decades ago.
So, which companies edged out the other FAANG stocks such as Facebook, Amazon and Google from making it in the top ten? The list includes financial services firms,