3-Year Backtest: Buy and Hold INTC (Intel Corporation)

This analysis evaluates a buy-and-hold strategy over the past 3 years, providing a historical perspective on INTC's performance from 2023-05-08 to 2026-05-06.

Note: This simulation uses adjusted close prices, meaning all historical prices have been retroactively adjusted for splits and dividends. To achieve similar results in practice, you would need to reinvest all dividends automatically as they are paid.

Performance Overview

Starting with an initial capital of $10,000.00, we purchased shares of INTC on 2023-05-08, at a price of $30.16 per share (adjusted for splits and dividends). No trading, no adjustments — just a simple buy-and-hold approach.

We held the position continuously through every market twist and turn, never selling. As of 2026-05-06, the price of INTC had risen to $113.01. While we didn't sell, we can still assess the performance by calculating the current value of the investment: $37,475.94 — a total gain of 274.76%.

This translates into an annualized return of 55.44% over the entire period. This return is exceptionally high and rarely sustained over long periods. While it reflects extraordinary growth, such performance is often accompanied by substantial risk and volatility.

Drawdown and Risk

The maximum drawdown recorded during this period was 63.80%. This drawdown began after a peak price of $50.09 on 2023-12-27, and reached its lowest point on 2025-04-08 when the price fell to $18.13. The drawdown lasted for 468 days.

The drawdown was substantial, though not uncommon for long-term equity strategies that span full market cycles. This level suggests exposure to significant corrections or crashes. The maximum drawdown lasted over a year, indicating an extended period of underperformance. This duration is typical of major corrections or bear markets.

The Calmar Ratio — annualized return divided by maximum drawdown — was 0.87, reflecting the tradeoff between return and volatility.

The Calmar Ratio is very strong — significantly better than most long-term investment strategies, indicating efficient risk management.