Things haven’t been great for Disney (DIS) investors for the last few years. It is down over 7% for the year and is underperforming the S&P 500 Index ($SPX) by a fairly wide margin. It saw low single-digit gains last year as well, with the returns trailing the broader markets. While the stock eked out a 23% gain in 2024, which was in line with the S&P 500 Index ($SPX), it underperformed the broader market in the previous three years.