Which was the better investment since 2020, Lululemon or Nike?

Lululemon was the better investment. $1,000 invested in Lululemon in 2020 would be worth $477 today, compared to $469 for Nike.

What would $1,000 in Lululemon vs Nike be worth today?

$1,000 invested in Lululemon in 2020 would be worth $477 today (-52.3%). The same $1,000 in Nike would be worth $469 (-53.1%).

How do Lululemon and Nike compare to the S&P 500 since 2020?

The same $1,000 invested in the S&P 500 in 2020 would be worth $2,540 today (+154%). Lululemon returned $477 and Nike returned $469 over the same period.

Lululemon vs Nike: $1,000 invested since 2020

LULU vs NKE · Data through 2026-06-01

Investment amount

$1,000 invested in 2020 would be worth

LululemonWinner

$477

-52.3%

Nike

$469

-53.1%

The same $1,000 in the S&P 500 would be worth $2,540(+154%)

Growth of $1,000

Lululemon vs. Nike vs. S&P 500, 2020 to present

Year-by-year comparison

Lululemon vs. Nike, 2020 to present

Year	Lululemon	Return	Nike	Return	S&P 500
2020	$1,000	-	$1,000	-	$1,000
2021	$1,373	+37.3%	$1,400	+40.0%	$1,172
2022	$1,394	+1.5%	$1,564	+11.7%	$1,444
2023	$1,282	-8.1%	$1,359	-13.1%	$1,325
2024	$1,896	+47.9%	$1,098	-19.2%	$1,598
2025	$1,730	-8.7%	$846	-23.0%	$2,018
2026	$729	-57.9%	$696	-17.7%	$2,347

Which came out ahead

Lululemon (LULU) outpaced Nike (NKE) over this stretch from 2020. That $1,000 grew to $477 in LULU versus $469 in NKE as of 2026-06-01, roughly $8 more in the end.

Neither side rewarded the holder over this window. Lululemon returned -52.3% and Nike returned -53.1%, so both ended below the original $1,000, with Lululemon simply losing less. Compounded, that is about -10.6% a year for LULU against -10.9% for NKE.

Neither holding beat a plain S&P 500 fund over the same span. The index would have grown that $1,000 to about $2,540, compounding near 15.2% a year. All figures use split-adjusted closing prices and exclude dividends, taxes, fees, and inflation, so a real after-tax result would differ.

This is a record of what already happened, not financial advice or a recommendation of either name. Past performance does not guarantee future results.

Other start years

Lululemon vs Nike from a different starting point

Since 2010 Since 2015 Since 2023

Individual stock pages

Lululemon since 2020-52.3%Nike since 2020-53.1%

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For informational and educational purposes only. Not financial advice. Past performance does not guarantee future results. All calculations are based on split-adjusted closing prices from Yahoo Finance and do not account for dividends, taxes, or trading fees. See our methodology and full disclaimer.