Approximately one year ago today, I wrote about the FANG and BAT stocks: baskets of large tech companies in the United States and China. I responded with my own basket of Chinese companies that I dubbed the JIB, which consisted of JD.com (JD), iQiyi (IQ), and Baozun (BZUN). A year ago, I wrote, “over the long term, I like their chances of being big winners”. A year hardly counts as “the long term”, but I was still thought it could be interesting to see where things stand today. Over the past 12 months, the S&P 500 index is up roughly 12%. How have the FANG, BAT, and JIB stocks done during that same time? Check it out below:

FANG (18%)

Name	Ticker	Starting	Ending	Change
Facebook	FB	144.48	194.47	35%
Amazon	AMZN	1698.24	1778.00	5%
Apple	AAPL	199	261.96	32%
Netflix	NFLX	300	292.01	-3%
Alphabet	GOOG	1061.39	1298.80	22%

BAT (6%)

Name	Ticker	Starting	Ending	Change
Baidu	BIDU	183.47	121.80	-33%
Alibaba	BABA	145.01	186.97	29%
Tencent	TCEHY	34.29	42.20	23%

JIB (27%)

Name	Ticker	Starting	Ending	Change
JD.com	JD	21.92	33.57	53%
iQiyi	IQ	19.95	19.11	-4%
Baozun	BZUN	34.00	44.50	31%

The BAT stocks are trailing the S&P by a decent amount, courtesy of Baidu’s pretty miserable -33% return (easily the worst performer of the entire group of stocks). the FANG stocks are beating the S&P by six percentage points thanks to solid returns by Facebook, Apple, and Alphabet. But it’s the JIB stocks that have really excelled and more than doubled the return of the S&P. The star performer has been JD.com with a 53% return, but Baozun has been no slouch with a 31% return of its own.

I find it interesting that the 3 biggest under-performers (NFLX, BIDU, IQ) are all either primarily video streaming services or have strong ties to one (Baidu owns a large stake in iQiyi). It’s been an interesting year in the video streaming space in the United States with the escalation of the video streaming wars courtesy of Apple and Disney (DIS) launching their new offerings and other content producers beginning to pull their content to prep their own. It’ll be interesting to watch the video streaming space over the next few years to see if it will be a case of a rising tide lifting all boats, or if a few winners will emerge while the others fade away. I’m certainly looking at iQiyi with a slightly more critical eye than I have in the past, considering their slowing growth and intense competition in the space.

As I said before, a year hardly counts as “the long term”, and while I’m pleased to see the JIB outperform so far, I realize the competition isn’t over. It’ll be interesting to see if the JIB can continue to outperform 2, 3, and 5 years down the line, and I’m looking forward to checking up on all of these stocks another year down the line.