Momentum ↗
Stocks with the strongest prior price performance, excluding the most recent month.
Systematic factor / S&P 500
High beta
Stocks whose daily returns have been most sensitive to market moves.
1 day vs S&P 500+1.1%relative return
20 days vs S&P 500-6.6%relative return
5-day z-score-0.63σrelative move vs trailing history
Year to date+25.6%long portfolio return
Performance
High beta vs S&P 500
Daily long-portfolio return minus the benchmark return, compounded over the selected period. Positive means the factor led the market.
| Return | 1 day | 5 days | 20 days | 60 days | MTD | YTD | 1 year |
|---|---|---|---|---|---|---|---|
| Long portfolio | +1.7% | -1.1% | -6.0% | +6.4% | -5.2% | +25.6% | +26.4% |
| vs S&P 500 | +1.1% | -1.6% | -6.6% | +2.0% | -6.6% | +12.0% | +10.9% |
| Q5 − Q1 spread | +2.1% | -1.9% | -10.1% | +1.3% | -11.0% | +15.5% | +21.9% |
Inside the factor
Rebalanced 2026-09-30 · 5% of the long book is new.
Top quintile: the highest-scoring stocks. Weights below are for the cap-weighted long portfolio.
| AMDAdvanced Micro Devices | Technology | 5.00% | 2.76 | 2021-05-28 | +3.4% | -3.2% | -10.1% | +21.6% | -9.7% | +158.1% | +129.8% |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMZNAmazon | Consumer Cyclical | 5.00% | 0.93 | 2022-04-29 | -0.1% | +3.3% | +5.3% | +13.7% | +5.3% | +13.7% | +21.2% |
| AVGOBroadcom | Technology | 5.00% | 1.83 | 2021-05-28 | +1.0% | -2.4% | -4.8% | -11.2% | -3.8% | -1.9% | -2.6% |
| GOOGLAlphabet Inc. (Class A) | Communication Services | 5.00% | 0.82 | 2026-06-30 | -1.6% | -3.7% | -0.9% | +0.4% | -2.7% | +7.2% | +30.8% |
| METAMeta Platforms | Communication Services | 5.00% | 0.94 | 2022-01-31 | +0.5% | -5.4% | -6.3% | +17.6% | -3.8% | +5.9% | -4.4% |
| MUMicron Technology | Technology | 5.00% | 2.76 | 2024-02-29 | +2.0% | -0.1% | -14.8% | +11.4% | -14.2% | +220.4% | +342.4% |
| NVDANvidia | Technology | 5.00% | 1.49 | 2021-04-30 | +2.5% | +0.3% | -1.6% | +12.8% | -2.8% | +19.3% | +21.8% |
| TSLATesla, Inc. | Consumer Cyclical | 5.00% | 1.90 | 2021-03-31 | +3.4% | +5.3% | +1.7% | +25.7% | +8.9% | -14.1% | -13.6% |
| INTCIntel | Technology | 3.50% | 2.76 | 2024-03-28 | +1.4% | -5.3% | -24.2% | +7.7% | -22.7% | +151.9% | +144.0% |
| PLTRPalantir Technologies | Technology | 2.56% | 1.56 | 2024-09-30 | +4.7% | +0.4% | +5.2% | +63.3% | +7.8% | +13.5% | +11.1% |
| LRCXLam Research | Technology | 2.55% | 2.76 | 2019-12-31 | -1.0% | -9.1% | -15.1% | -3.2% | -20.6% | +52.8% | +81.9% |
| ORCLOracle Corporation | Technology | 2.32% | 1.66 | 2024-03-28 | -1.6% | -1.1% | -10.4% | +8.0% | -5.6% | -32.9% | -52.8% |
| AMATApplied Materials | Technology | 2.24% | 2.51 | 2019-12-31 | +1.0% | -8.4% | -13.8% | -14.1% | -20.0% | +59.7% | +80.2% |
| CATCaterpillar Inc. | Industrials | 2.14% | 1.30 | 2026-04-30 | +2.1% | -1.2% | -8.8% | -11.8% | -8.7% | +30.3% | +40.5% |
| DELLDell Technologies | Technology | 1.98% | 1.95 | 2024-09-30 | +5.3% | -4.2% | -11.5% | +24.1% | -9.5% | +290.1% | +233.3% |
| MSMorgan Stanley | Financial Services | 1.70% | 0.88 | 2026-04-30 | +3.7% | +3.1% | -5.7% | -11.1% | -0.5% | +7.1% | +18.1% |
| GSGoldman Sachs | Financial Services | 1.55% | 1.13 | 2024-12-31 | +2.2% | +3.0% | -3.4% | -12.0% | +0.5% | +4.4% | +20.8% |
| CRWDCrowdStrike | Technology | 1.54% | 1.00 | 2026-05-29 | +5.3% | -4.0% | -8.8% | +31.6% | -9.6% | +104.2% | +90.1% |
| TXNTexas Instruments | Technology | 1.47% | 0.96 | 2026-07-31 | +2.5% | +1.4% | +4.4% | +3.3% | +1.6% | +66.8% | +62.6% |
| ANETArista Networks | Technology | 1.46% | 1.70 | 2023-10-31 | +1.7% | -5.7% | -9.4% | +8.6% | -9.5% | +40.7% | +25.8% |
| KLACKLA Corporation | Technology | 1.46% | 2.62 | 2019-12-31 | +1.0% | -8.6% | -13.0% | -14.2% | -16.2% | +35.0% | +42.5% |
| SNDKSandisk Corporation | Technology | 1.46% | 2.76 | 2025-12-31 | +0.9% | -1.8% | -24.1% | +25.7% | -20.8% | +480.6% | +831.0% |
| GEVGE Vernova | Utilities | 1.45% | 1.61 | 2025-01-31 | +4.0% | -1.7% | -2.7% | -1.8% | -2.6% | +41.9% | +56.1% |
| MRVLMarvell Technology, Inc. | Technology | 1.35% | 2.76 | 2026-06-30 | +1.8% | -0.2% | -6.2% | +40.3% | -7.3% | +188.5% | +185.6% |
| CCitigroup | Financial Services | 1.26% | 0.82 | 2026-02-27 | +1.1% | +1.3% | -6.1% | -6.0% | -4.3% | +7.7% | +27.4% |
| APHAmphenol | Technology | 1.19% | 1.32 | 2026-02-27 | -0.1% | -4.2% | -3.6% | +10.3% | -6.0% | +18.0% | +25.4% |
| STXSeagate Technology | Technology | 1.15% | 2.08 | 2024-08-30 | +3.2% | -2.3% | -24.5% | -6.7% | -24.4% | +153.9% | +227.0% |
| QCOMQualcomm | Technology | 1.11% | 1.80 | 2021-04-30 | +1.3% | +3.1% | -9.8% | +9.8% | -3.3% | +5.7% | +8.8% |
| ADIAnalog Devices | Technology | 1.11% | 1.22 | 2024-03-28 | +2.2% | +0.6% | +5.4% | +11.3% | +2.3% | +51.0% | +66.9% |
| ETNEaton Corporation | Industrials | 0.95% | 1.33 | 2024-06-28 | +3.1% | -3.6% | -10.2% | +2.2% | -8.3% | +24.7% | +5.5% |
| WDCWestern Digital | Technology | 0.90% | 2.76 | 2022-08-31 | +3.9% | +4.0% | -20.1% | -18.3% | -16.7% | +120.0% | +212.0% |
| IBKRInteractive Brokers Group | Financial Services | 0.85% | 1.63 | 2025-08-29 | +2.9% | +1.4% | -6.8% | -6.1% | -0.1% | +33.1% | +28.0% |
| BXBlackstone Inc. | Financial Services | 0.78% | 0.84 | 2023-09-29 | -0.7% | +3.2% | -8.1% | -17.3% | -2.2% | -26.7% | -28.9% |
| GLWCorning Inc. | Technology | 0.76% | 2.70 | 2026-02-27 | +2.0% | -4.2% | -12.7% | +7.3% | -12.2% | +54.9% | +59.6% |
| NEMNewmont | Basic Materials | 0.70% | 1.16 | 2026-06-30 | +0.3% | +5.0% | -5.2% | +28.3% | +1.6% | +18.1% | +24.6% |
| COFCapital One | Financial Services | 0.69% | 0.79 | 2025-01-31 | +2.5% | +6.3% | +5.4% | -2.4% | +7.0% | -13.7% | -2.3% |
| FCXFreeport-McMoRan | Basic Materials | 0.58% | 1.83 | 2019-12-31 | +0.0% | -0.8% | -4.9% | +12.0% | -1.4% | +36.9% | +64.8% |
| HOODRobinhood Markets, Inc. | Financial Services | 0.58% | 2.76 | 2025-09-30 | +3.8% | +0.8% | -16.9% | +9.9% | -9.4% | -9.9% | -24.9% |
| APPAppLovin Corporation | Technology | 0.56% | 1.79 | 2025-09-30 | -1.7% | +2.2% | -15.0% | -35.9% | -7.8% | -60.2% | -52.7% |
| PWRQuanta Services | Industrials | 0.55% | 1.18 | 2026-05-29 | +0.9% | -9.0% | -5.3% | +2.2% | -6.4% | +42.5% | +36.5% |
| VRTVertiv Holdings Co | Industrials | 0.53% | 2.53 | 2026-03-31 | +4.2% | -4.8% | -14.7% | -21.3% | -12.1% | +31.0% | +20.9% |
| CDNSCadence Design Systems | Technology | 0.52% | 1.12 | 2024-01-31 | +1.9% | -1.0% | +5.5% | -5.4% | -1.2% | +4.3% | -1.1% |
| CEGConstellation Energy | Utilities | 0.51% | 0.78 | 2024-07-31 | +4.6% | -3.1% | +2.6% | +4.4% | +6.6% | -23.0% | -26.4% |
| EMREmerson Electric | Industrials | 0.50% | 1.06 | 2026-02-27 | +1.7% | +1.3% | +5.5% | +7.8% | +5.2% | +24.3% | +27.1% |
| HPEHewlett Packard Enterprise | Technology | 0.49% | 1.69 | 2024-08-30 | +3.7% | -7.8% | -6.7% | +27.9% | -8.9% | +145.0% | +158.9% |
| SNPSSynopsys | Technology | 0.47% | 1.20 | 2024-02-29 | +0.8% | -6.0% | +9.2% | +17.5% | +3.7% | -3.9% | -0.5% |
| KKRKKR | Financial Services | 0.47% | 1.00 | 2024-06-28 | +0.7% | +5.0% | -7.5% | -12.3% | -1.6% | -29.1% | -24.6% |
| DASHDoorDash | Communication Services | 0.46% | 0.88 | 2025-03-31 | -3.8% | +0.2% | -2.5% | -5.7% | +0.5% | -18.6% | -30.5% |
| BEBloom Energy Corporation | Industrials | 0.45% | 2.76 | 2026-09-30 NEW | +7.1% | -0.3% | -13.3% | +43.0% | -13.9% | +174.5% | +118.7% |
| MRNAModerna | Healthcare | 0.43% | 1.60 | 2026-03-31 | +1.5% | +8.6% | +35.0% | +340.4% | +27.7% | +733.5% | +802.4% |
| LITELumentum Holdings Inc. | Technology | 0.41% | 2.72 | 2026-03-31 | +3.4% | -5.1% | -9.2% | +30.5% | -12.4% | +130.8% | +428.4% |
| RCLRoyal Caribbean Group | Consumer Cyclical | 0.41% | 1.09 | 2020-02-28 | +0.2% | +5.1% | +25.2% | -10.0% | +8.5% | +5.1% | -2.9% |
| CMICummins | Industrials | 0.41% | 1.09 | 2026-03-31 | +1.1% | +3.1% | +3.4% | -15.2% | +5.0% | +7.3% | +32.9% |
| CVNACarvana Co. | Consumer Cyclical | 0.40% | 2.09 | 2025-12-31 | -1.8% | +2.1% | -7.4% | -10.4% | -5.4% | -29.9% | -12.3% |
| TERTeradyne | Technology | 0.38% | 2.76 | 2021-03-31 | +2.6% | -3.9% | -11.2% | +7.8% | -13.8% | +78.7% | +148.7% |
| MPWRMonolithic Power Systems | Technology | 0.38% | 2.31 | 2021-02-26 | +2.8% | +3.2% | -5.2% | +0.2% | -4.7% | +42.3% | +25.2% |
| KEYSKeysight Technologies | Technology | 0.36% | 1.44 | 2024-07-31 | +2.1% | -4.5% | -3.4% | +11.9% | -6.2% | +68.0% | +107.2% |
| TELTE Connectivity | Technology | 0.35% | 1.12 | 2026-04-30 | +0.2% | +1.8% | -0.1% | +0.3% | +1.4% | -4.9% | -3.9% |
| NXPINXP Semiconductors | Technology | 0.34% | 1.42 | 2021-03-31 | +2.0% | +9.8% | +2.9% | -6.0% | +2.0% | +13.1% | +12.2% |
| FIXComfort Systems USA, Inc. | Industrials | 0.33% | 2.16 | 2025-12-31 | +0.3% | -9.1% | -13.8% | -13.8% | -15.3% | +50.4% | +67.8% |
| COHRCoherent, Inc. | Technology | 0.32% | 2.76 | 2026-03-31 | +2.5% | -9.8% | -21.0% | -2.4% | -17.5% | +28.7% | +97.6% |
| CRHCRH plc | Basic Materials | 0.32% | 0.74 | 2026-04-30 | +0.9% | +8.6% | +0.9% | -16.5% | +3.9% | -30.3% | -25.7% |
| DALDelta Air Lines | Industrials | 0.31% | 1.26 | 2025-03-31 | +1.3% | +1.6% | -4.7% | -12.8% | -6.7% | +13.1% | +27.1% |
| CIENCiena Corporation | Technology | 0.29% | 2.24 | 2026-02-27 | +5.7% | +0.5% | +1.5% | +3.1% | +2.7% | +54.5% | +108.7% |
| COINCoinbase Global | Financial Services | 0.28% | 2.76 | 2025-05-30 | +3.6% | +2.4% | -10.6% | +5.5% | -5.0% | -21.7% | -48.5% |
| ROKRockwell Automation | Industrials | 0.28% | 0.84 | 2026-05-29 | +2.5% | +3.6% | +1.3% | -6.6% | +0.7% | +13.8% | +26.0% |
| VSTVistra Corp. | Utilities | 0.27% | 0.93 | 2024-07-31 | +3.9% | +2.9% | +13.2% | +5.2% | +12.9% | -2.8% | -19.1% |
| CARRCarrier Global | Industrials | 0.26% | 0.73 | 2026-09-30 NEW | +0.5% | +4.1% | +2.5% | -10.6% | +2.9% | +8.1% | -0.6% |
| PEverpure, Inc. | Technology | 0.26% | 2.17 | 2026-09-30 NEW | +3.5% | -7.5% | +19.4% | +79.4% | +0.1% | +95.4% | +43.9% |
| XYZBlock, Inc. | Technology | 0.25% | 1.46 | 2025-07-31 | +0.1% | +3.1% | +4.7% | -5.9% | +6.4% | +20.2% | +2.2% |
| MCHPMicrochip Technology | Technology | 0.24% | 1.89 | 2019-12-31 | +1.7% | +8.3% | +2.1% | +2.5% | -0.8% | +23.1% | +18.0% |
| FLEXFlex Ltd. | Technology | 0.24% | 2.75 | 2026-06-30 | -1.4% | -14.1% | -23.2% | -23.9% | -21.6% | +42.8% | +37.5% |
| NTAPNetApp | Technology | 0.24% | 0.75 | 2026-06-30 | +3.5% | -2.2% | +10.9% | +24.7% | +3.6% | +105.9% | +88.1% |
| ARESAres Management Corporation | Financial Services | 0.23% | 1.26 | 2025-12-31 | +0.6% | +4.0% | -3.7% | -7.5% | +0.7% | -25.1% | -16.9% |
| UALUnited Airlines Holdings | Industrials | 0.21% | 1.85 | 2024-08-30 | +4.0% | +2.7% | -8.2% | -17.9% | -8.4% | -9.1% | +0.4% |
| AXONAxon Enterprise | Industrials | 0.19% | 1.09 | 2026-08-31 | +2.5% | -1.4% | -10.7% | -26.5% | -4.7% | -29.1% | -41.1% |
| ELEstée Lauder Companies (The) | Consumer Defensive | 0.19% | 0.89 | 2025-04-30 | -2.3% | +2.0% | +4.9% | +22.7% | +11.7% | +0.0% | +2.5% |
| CCLCarnival | Consumer Cyclical | 0.19% | 1.67 | 2020-03-31 | +0.9% | +5.1% | +25.2% | -2.8% | +11.2% | -9.2% | -3.9% |
| EMEEMCOR Group, Inc. | Industrials | 0.19% | 1.46 | 2026-04-30 | -0.5% | -6.2% | -7.0% | -0.9% | -7.3% | +14.5% | +0.1% |
| JBLJabil | Technology | 0.17% | 1.73 | 2024-03-28 | +1.4% | -4.4% | -9.0% | -7.2% | -2.1% | +23.3% | +37.9% |
| ONON Semiconductor | Technology | 0.17% | 2.46 | 2022-06-30 | +1.8% | +4.9% | +3.8% | -8.8% | +0.1% | +42.1% | +40.2% |
| RDDTReddit, Inc. | Communication Services | 0.16% | 1.64 | 2026-08-31 | -1.5% | +3.1% | +0.9% | -14.1% | +7.6% | -33.3% | -24.3% |
| QQnity Electronics, Inc. | Technology | 0.15% | 2.36 | 2026-08-31 | +1.5% | -1.2% | -3.5% | -6.0% | -4.4% | +47.4% | — |
| ECHOEchoStar Corporation | Communication Services | 0.15% | 0.97 | 2026-05-29 | +7.2% | +5.4% | -0.1% | +7.8% | +3.6% | -14.8% | +24.9% |
| SMCISupermicro | Technology | 0.14% | 2.76 | 2024-03-28 | +9.6% | -0.6% | -14.2% | +25.0% | -13.4% | +21.5% | -35.4% |
| SWSmurfit WestRock | Consumer Cyclical | 0.13% | 1.01 | 2026-05-29 | +0.7% | +1.7% | -10.8% | -17.6% | -6.0% | +10.4% | +2.4% |
| LUVSouthwest Airlines | Industrials | 0.12% | 1.08 | 2025-04-30 | +0.6% | +1.4% | -2.8% | -13.5% | -4.2% | -2.2% | +17.9% |
| NRGNRG Energy | Utilities | 0.12% | 0.86 | 2025-01-31 | +2.0% | -1.0% | -0.9% | -21.5% | +4.3% | -36.7% | -39.5% |
| FSLRFirst Solar | Energy | 0.11% | 1.41 | 2026-04-30 | +0.2% | -2.4% | -8.9% | -13.7% | -0.2% | -33.1% | -23.7% |
| ZBRAZebra Technologies | Technology | 0.11% | 1.33 | 2025-04-30 | +1.8% | +3.8% | +5.4% | +37.5% | +4.7% | +61.0% | +29.7% |
| AKAMAkamai Technologies | Technology | 0.09% | 0.75 | 2026-09-30 NEW | +0.7% | -1.6% | -23.8% | -19.2% | -15.1% | +3.5% | +21.6% |
| IVZInvesco | Financial Services | 0.08% | 1.29 | 2019-12-31 | +1.6% | +4.7% | -4.9% | +0.1% | -3.0% | +13.9% | +32.1% |
| SWKStanley Black & Decker | Industrials | 0.08% | 1.03 | 2025-04-30 | +1.4% | +5.7% | +4.0% | +2.2% | +7.7% | +32.5% | +44.1% |
| SWKSSkyworks Solutions | Technology | 0.07% | 0.98 | 2026-06-30 | +1.1% | +6.9% | -10.1% | +27.1% | -3.8% | +32.4% | +11.5% |
| ALBAlbemarle Corporation | Basic Materials | 0.07% | 0.99 | 2021-03-31 | -1.4% | -3.6% | -16.7% | -16.2% | -10.7% | -32.6% | -0.6% |
| LIILennox International | Industrials | 0.07% | 0.85 | 2026-07-31 | +0.7% | +5.0% | -1.2% | -32.4% | +3.2% | -23.9% | -30.7% |
| GNRCGenerac | Industrials | 0.07% | 1.72 | 2025-11-28 | +4.4% | +2.6% | +1.9% | +3.9% | -1.8% | +49.0% | +3.8% |
| LULULululemon Athletica | Consumer Cyclical | 0.06% | 0.70 | 2026-09-30 NEW | -3.4% | +2.6% | -5.6% | -19.8% | +0.4% | -53.5% | -44.0% |
| ALGNAlign Technology | Healthcare | 0.06% | 0.84 | 2026-04-30 | +0.6% | +4.8% | +2.2% | -13.8% | +4.1% | -3.1% | +12.2% |
| NCLHNorwegian Cruise Line Holdings | Consumer Cyclical | 0.04% | 1.57 | 2020-03-31 | -0.4% | +4.8% | +9.9% | -26.5% | +6.3% | -30.1% | -33.0% |
Bottom quintile: the lowest-scoring stocks, used as the equal-weighted short leg of the spread.
| APAAPA Corporation | Energy | -1.44 | 2026-04-30 | -0.5% | +4.8% | +13.6% | +42.1% | +19.5% | +107.7% | +128.4% |
|---|---|---|---|---|---|---|---|---|---|---|
| AWKAmerican Water Works | Utilities | -1.44 | 2024-11-29 | -0.8% | +2.3% | +1.3% | -1.7% | +4.1% | +5.4% | -4.8% |
| CFCF Industries | Basic Materials | -1.44 | 2026-03-31 | -1.4% | -2.6% | -3.6% | -4.9% | +0.9% | +52.6% | +41.4% |
| COPConocoPhillips | Energy | -1.44 | 2026-04-30 | -0.2% | +2.3% | +13.7% | +28.5% | +16.4% | +59.1% | +72.6% |
| CVXChevron Corporation | Energy | -1.44 | 2026-04-30 | +0.5% | +2.1% | +10.3% | +21.9% | +11.1% | +52.9% | +52.6% |
| DVNDevon Energy | Energy | -1.44 | 2026-04-30 | -1.0% | -0.1% | +3.8% | +17.6% | +8.3% | +38.7% | +60.2% |
| EDConsolidated Edison | Utilities | -1.44 | 2019-12-31 | -0.1% | +2.0% | +9.0% | +0.7% | +9.4% | +15.4% | +13.6% |
| EOGEOG Resources | Energy | -1.44 | 2026-04-30 | -0.0% | +3.1% | +12.1% | +13.8% | +15.4% | +55.1% | +53.1% |
| KRKroger | Consumer Defensive | -1.44 | 2019-12-31 | +1.8% | +1.7% | +11.3% | +9.1% | +9.4% | +4.4% | -5.2% |
| MOAltria | Consumer Defensive | -1.44 | 2024-07-31 | -1.1% | +1.0% | +7.1% | +0.3% | +9.6% | +34.2% | +22.4% |
| OXYOccidental Petroleum | Energy | -1.44 | 2026-04-30 | -0.4% | +2.1% | +9.3% | +16.8% | +13.3% | +54.6% | +55.9% |
| PGRProgressive Corporation | Financial Services | -1.44 | 2020-03-31 | -0.3% | +3.7% | +9.0% | +0.9% | +6.8% | +3.5% | +7.5% |
| XOMExxonMobil | Energy | -1.44 | 2026-04-30 | +0.1% | +0.6% | +10.4% | +17.1% | +9.4% | +50.9% | +62.6% |
| OKEONEOK | Energy | -1.42 | 2026-04-30 | +0.3% | +1.2% | +2.9% | +6.1% | +9.2% | +31.5% | +43.3% |
| ERIEErie Indemnity | Financial Services | -1.38 | 2025-11-28 | -0.7% | +6.1% | +8.8% | +1.4% | +12.1% | -12.8% | -21.0% |
| LYBLyondellBasell | Basic Materials | -1.37 | 2026-05-29 | -1.1% | +3.4% | +5.5% | +9.8% | +10.1% | +51.0% | +47.4% |
| WMWaste Management | Industrials | -1.37 | 2025-04-30 | -0.9% | +6.4% | +10.4% | -3.7% | +12.6% | +5.8% | +8.4% |
| RSGRepublic Services | Industrials | -1.36 | 2025-05-30 | -1.1% | +2.6% | +8.4% | +6.7% | +10.1% | +10.0% | +5.9% |
| ALLAllstate | Financial Services | -1.35 | 2026-04-30 | +0.4% | +6.3% | +11.2% | -7.5% | +13.2% | +22.4% | +32.0% |
| FANGDiamondback Energy | Energy | -1.34 | 2026-04-30 | -0.7% | +1.7% | +8.2% | +6.2% | +9.3% | +35.9% | +45.7% |
| VRSKVerisk Analytics | Industrials | -1.34 | 2024-08-30 | +0.8% | +6.5% | +12.0% | -9.1% | +14.6% | -13.3% | -17.4% |
| CBOECboe Global Markets | Financial Services | -1.32 | 2022-11-30 | +1.2% | +6.1% | +18.6% | +7.5% | +15.8% | +28.0% | +35.8% |
| CBChubb Limited | Financial Services | -1.31 | 2023-02-28 | -0.8% | +1.4% | +5.9% | -2.1% | +9.1% | +14.8% | +34.0% |
| TAT&T | Communication Services | -1.31 | 2020-09-30 | -6.5% | -5.0% | -12.4% | -10.1% | -9.2% | -7.6% | -12.0% |
| TMUST-Mobile US | Communication Services | -1.31 | 2025-03-31 | -2.5% | -2.6% | -7.2% | -15.2% | -5.7% | -23.1% | -31.8% |
| GISGeneral Mills | Consumer Defensive | -1.30 | 2019-12-31 | -2.6% | +1.4% | -7.3% | -11.8% | +3.2% | -25.1% | -28.7% |
| WRBW. R. Berkley Corporation | Financial Services | -1.30 | 2022-10-31 | +1.6% | +0.7% | +9.9% | -2.3% | +10.1% | +7.3% | +4.0% |
| BROBrown & Brown | Financial Services | -1.29 | 2025-10-31 | -0.5% | +8.8% | +14.3% | -4.0% | +15.8% | -10.8% | -18.6% |
| MKCMcCormick & Company | Consumer Defensive | -1.27 | 2019-12-31 | -2.6% | +3.4% | -4.6% | -9.2% | +0.9% | -30.0% | -29.2% |
| ACGLArch Capital Group | Financial Services | -1.26 | 2026-03-31 | -1.0% | +2.8% | +5.4% | -5.8% | +8.6% | +4.5% | +15.3% |
| AJGArthur J. Gallagher & Co. | Financial Services | -1.26 | 2025-01-31 | -0.3% | +9.0% | +12.5% | -2.4% | +13.3% | +0.7% | -6.4% |
| CMECME Group | Financial Services | -1.26 | 2022-08-31 | +0.2% | +3.6% | +9.2% | +14.3% | +12.9% | +12.0% | +14.8% |
| VZVerizon | Communication Services | -1.25 | 2019-12-31 | -2.2% | -1.9% | -4.9% | -8.2% | -3.6% | +14.1% | +13.9% |
| DUKDuke Energy | Utilities | -1.24 | 2021-03-31 | -0.5% | +0.9% | +5.7% | -5.8% | +5.8% | +5.6% | -3.1% |
| MRSHMarsh & McLennan Companies, Inc. | Financial Services | -1.24 | 2024-02-29 | -0.4% | +6.8% | +12.5% | -0.3% | +12.3% | +4.4% | +2.0% |
| SJMJ.M. Smucker Company (The) | Consumer Defensive | -1.24 | 2019-12-31 | -1.4% | +4.9% | +4.4% | +4.9% | +7.5% | +34.7% | +26.3% |
| VLOValero Energy | Energy | -1.23 | 2026-05-29 | +0.8% | -5.0% | +16.2% | +46.7% | +12.7% | +172.3% | +178.4% |
| KOCoca-Cola Company (The) | Consumer Defensive | -1.19 | 2021-06-30 | -0.9% | +1.0% | +5.2% | +5.6% | +7.7% | +35.1% | +39.0% |
| MCKMcKesson Corporation | Healthcare | -1.19 | 2022-06-30 | -1.4% | +4.0% | +15.3% | +14.3% | +18.9% | +24.2% | +29.4% |
| PSXPhillips 66 | Energy | -1.19 | 2026-05-29 | -0.3% | -2.4% | +13.1% | +41.7% | +13.6% | +129.5% | +129.1% |
| AONAon | Financial Services | -1.18 | 2024-09-30 | -0.8% | +6.9% | +4.5% | -22.6% | +6.3% | -16.0% | -13.7% |
| PEPPepsiCo | Consumer Defensive | -1.18 | 2021-03-31 | +0.5% | +4.2% | +3.5% | -4.7% | +6.3% | -3.3% | -8.8% |
| MDLZMondelez International | Consumer Defensive | -1.17 | 2020-04-30 | -1.9% | +0.3% | +3.0% | +1.3% | +8.5% | +19.6% | +3.4% |
| SOSouthern Company | Utilities | -1.17 | 2021-04-30 | -0.4% | +1.1% | +8.3% | -5.8% | +9.0% | +6.2% | -4.4% |
| EXCExelon | Utilities | -1.16 | 2023-10-31 | +0.1% | +1.1% | +5.8% | -8.1% | +6.6% | +1.5% | -7.5% |
| VTRVentas | Real Estate | -1.13 | 2025-04-30 | -1.3% | +1.3% | -0.9% | -12.5% | +0.4% | +12.4% | +22.3% |
| TRGPTarga Resources | Energy | -1.11 | 2026-05-29 | +1.0% | +1.6% | +4.5% | +13.5% | +9.4% | +62.6% | +100.0% |
| AFLAflac | Financial Services | -1.09 | 2026-04-30 | -0.1% | +1.6% | +4.3% | -6.8% | +7.5% | +10.7% | +12.8% |
| JNJJohnson & Johnson | Healthcare | -1.09 | 2019-12-31 | -0.6% | +1.5% | -4.2% | -2.9% | -2.6% | +26.6% | +36.1% |
| PMPhilip Morris International | Consumer Defensive | -1.09 | 2024-08-30 | -1.2% | -4.0% | +4.3% | -0.5% | +4.4% | +26.3% | +29.3% |
| ATOAtmos Energy | Utilities | -1.08 | 2023-11-30 | -0.1% | +1.8% | +6.9% | -6.4% | +6.7% | +1.3% | -3.9% |
| CMSCMS Energy | Utilities | -1.07 | 2019-12-31 | -0.4% | +2.0% | +7.9% | -7.6% | +8.0% | -0.3% | -6.4% |
| CORCencora | Healthcare | -1.07 | 2022-01-31 | -0.8% | +1.3% | +9.0% | +6.7% | +13.4% | +1.4% | +4.8% |
| HSYHershey Company (The) | Consumer Defensive | -1.07 | 2020-04-30 | -1.0% | +2.2% | -0.4% | -7.8% | +6.5% | -5.7% | -7.2% |
| MPCMarathon Petroleum | Energy | -1.06 | 2026-05-29 | -1.5% | -3.5% | +20.5% | +53.3% | +18.4% | +191.1% | +155.4% |
| CNPCenterPoint Energy | Utilities | -1.05 | 2024-11-29 | +0.2% | +1.6% | +8.5% | -8.0% | +9.6% | +7.0% | +2.5% |
| DGXQuest Diagnostics | Healthcare | -1.05 | 2020-02-28 | +0.8% | +2.4% | +2.9% | +1.6% | +2.9% | +40.0% | +27.6% |
| PNWPinnacle West | Utilities | -1.05 | 2023-09-29 | +1.0% | +1.8% | +12.9% | -0.5% | +11.7% | +20.4% | +16.4% |
| CLColgate-Palmolive | Consumer Defensive | -1.04 | 2019-12-31 | -1.2% | +1.2% | +9.3% | +1.3% | +10.1% | +21.0% | +21.5% |
| HRLHormel Foods | Consumer Defensive | -1.04 | 2019-12-31 | -0.3% | +3.2% | +4.2% | -18.8% | +4.1% | -9.0% | -10.0% |
| KMIKinder Morgan | Energy | -1.04 | 2026-04-30 | +1.2% | +1.9% | +8.3% | +8.5% | +12.7% | +27.1% | +28.4% |
| COSTCostco | Consumer Defensive | -1.02 | 2026-03-31 | +0.4% | +1.7% | +10.3% | +3.3% | +9.7% | +16.3% | +7.3% |
| ABBVAbbVie | Healthcare | -1.01 | 2026-06-30 | -1.5% | +1.1% | +8.1% | +8.8% | +9.5% | +28.3% | +26.4% |
| TRVTravelers Companies (The) | Financial Services | -1.01 | 2026-06-30 | +0.8% | +5.6% | +10.7% | +0.8% | +11.9% | +39.1% | +52.7% |
| WECWEC Energy Group | Utilities | -1.01 | 2019-12-31 | -0.2% | +1.6% | +7.2% | -3.7% | +7.7% | +5.5% | -4.5% |
| WTWWillis Towers Watson | Financial Services | -1.01 | 2023-11-30 | -0.4% | +6.9% | +6.6% | +0.8% | +10.2% | -2.3% | -2.5% |
| AEEAmeren | Utilities | -1.00 | 2023-10-31 | +0.2% | +1.8% | +6.8% | -4.7% | +7.1% | +8.9% | +3.6% |
| HIGHartford (The) | Financial Services | -1.00 | 2026-07-31 | -0.4% | +2.9% | +7.3% | -4.9% | +11.0% | -0.1% | +11.6% |
| DOWDow Inc. | Basic Materials | -0.99 | 2026-08-31 | -1.0% | +4.1% | +6.0% | +6.5% | +10.3% | +34.4% | +47.3% |
| CAHCardinal Health | Healthcare | -0.98 | 2025-10-31 | -0.0% | +3.9% | +16.6% | +11.0% | +16.0% | +26.5% | +65.2% |
| KHCThe Kraft Heinz Company | Consumer Defensive | -0.98 | 2021-09-30 | -1.4% | +3.5% | -1.2% | -12.5% | +3.4% | +1.9% | -2.3% |
| LNTAlliant Energy | Utilities | -0.98 | 2024-01-31 | +0.2% | +1.3% | +7.4% | -6.6% | +8.0% | +7.6% | +2.8% |
| AMTAmerican Tower | Real Estate | -0.97 | 2024-09-30 | -3.2% | -1.0% | +5.1% | +4.7% | +8.5% | +4.3% | -4.2% |
| CASYCasey's General Stores, Inc. | Consumer Cyclical | -0.97 | 2026-06-30 | +1.6% | +6.4% | +16.4% | -18.8% | +14.2% | +26.1% | +23.6% |
| DDominion Energy | Utilities | -0.97 | 2024-08-30 | -0.8% | -0.8% | +1.9% | -10.8% | +3.0% | +9.7% | +5.8% |
| TSNTyson Foods | Consumer Defensive | -0.97 | 2026-06-30 | +0.9% | +3.1% | +8.8% | -7.8% | +10.6% | -2.1% | +10.3% |
| BGBunge Global | Consumer Defensive | -0.96 | 2026-08-31 | -0.8% | -6.1% | -8.3% | -12.3% | -4.4% | +16.9% | +7.8% |
| FEFirstEnergy | Utilities | -0.96 | 2023-10-31 | -0.5% | +0.2% | +4.3% | -7.4% | +5.0% | +4.7% | +0.2% |
| JKHYJack Henry & Associates | Technology | -0.96 | 2026-07-31 | -0.8% | -1.2% | +3.4% | -2.2% | +7.1% | -14.9% | +0.4% |
| WMTWalmart | Consumer Defensive | -0.95 | 2026-04-30 | -0.0% | +1.4% | +6.6% | +4.4% | +13.4% | +6.4% | +11.0% |
| CHDChurch & Dwight | Consumer Defensive | -0.93 | 2019-12-31 | -0.9% | +2.3% | +9.3% | +5.4% | +11.4% | +26.4% | +20.8% |
| PGProcter & Gamble | Consumer Defensive | -0.93 | 2019-12-31 | -1.5% | +0.3% | +6.5% | +5.5% | +8.1% | +12.0% | +6.3% |
| ADMArcher Daniels Midland | Consumer Defensive | -0.92 | 2026-04-30 | -1.4% | -5.1% | -3.4% | -4.0% | -0.0% | +40.9% | +29.3% |
| PPLPPL Corporation | Utilities | -0.92 | 2024-01-31 | -0.1% | -0.5% | +7.2% | -4.0% | +5.1% | +1.1% | -5.3% |
| ADPAutomatic Data Processing | Industrials | -0.91 | 2026-07-31 | +0.6% | +5.1% | +11.7% | +12.2% | +14.1% | +17.1% | +7.1% |
| AEPAmerican Electric Power | Utilities | -0.91 | 2024-07-31 | +0.1% | +1.0% | +7.6% | -3.5% | +7.4% | +13.0% | +11.5% |
| DTEDTE Energy | Utilities | -0.91 | 2021-05-28 | +0.3% | +1.0% | +5.5% | -10.4% | +6.4% | +3.0% | -6.4% |
| DVADaVita | Healthcare | -0.91 | 2026-09-30 NEW | +0.8% | -2.1% | -3.5% | -26.2% | +1.1% | +55.6% | +38.1% |
| EVRGEvergy | Utilities | -0.91 | 2021-04-30 | +0.4% | +0.6% | +6.0% | -2.1% | +6.0% | +17.6% | +9.4% |
| CINFCincinnati Financial | Financial Services | -0.89 | 2026-09-30 NEW | +0.9% | +4.2% | +6.8% | -4.4% | +8.9% | +8.1% | +14.6% |
| ORealty Income | Real Estate | -0.89 | 2024-09-30 | -1.8% | +0.3% | +0.0% | -14.6% | +1.9% | +2.1% | -3.7% |
| WELLWelltower | Real Estate | -0.89 | 2025-04-30 | -1.6% | +0.9% | +1.9% | -3.5% | +1.7% | +27.5% | +33.7% |
| EGEverest Group | Financial Services | -0.88 | 2026-07-31 | +0.4% | +5.1% | +6.0% | -0.4% | +8.1% | +18.4% | +15.2% |
| LLoews Corporation | Financial Services | -0.88 | 2026-09-30 NEW | +0.3% | +2.4% | +6.4% | -6.4% | +7.0% | +6.3% | +12.9% |
| MCDMcDonald's | Consumer Cyclical | -0.88 | 2025-02-28 | -0.1% | +3.3% | +3.3% | -9.2% | +6.6% | -17.8% | -17.9% |
| BRK-BBerkshire Hathaway | Financial Services | -0.87 | 2026-09-30 NEW | -0.1% | +2.4% | +6.3% | +5.2% | +8.2% | +7.2% | +9.1% |
| ORLYO'Reilly Auto Parts | Consumer Cyclical | -0.86 | 2026-09-30 NEW | -0.9% | +2.9% | +3.8% | -2.2% | +4.4% | -2.2% | -11.7% |
| WMBWilliams Companies | Energy | -0.86 | 2026-09-30 NEW | +3.5% | +0.0% | +2.4% | +4.5% | +7.1% | +23.8% | +18.9% |
| XELXcel Energy | Utilities | -0.86 | 2023-10-31 | +0.1% | +1.9% | +8.7% | -3.6% | +8.9% | +6.4% | -2.6% |
| STZConstellation Brands | Consumer Defensive | -0.85 | 2026-09-30 NEW | -0.5% | +3.6% | +13.2% | +0.8% | +16.8% | -2.3% | -3.8% |
Score is the cross-sectional z-score at rebalance. “Since” marks the start of the stock’s current uninterrupted run in that book. A missing long weight means no usable market cap at rebalance; the name remains in the equal-weighted spread leg. Individual stock returns are descriptive, not portfolio attribution.
How High beta is defined
Ranked by regression beta against SPY over the trailing 252 trading days. A higher beta means greater historical sensitivity to the market, not necessarily a higher return.
Raw metrics are winsorized at the 2.5th and 97.5th percentiles, then standardized within the point-in-time universe. Stocks are split into five groups at each month-end rebalance.
The long portfolio holds the top quintile, weighted by market capitalization with a 5% name cap at rebalance. The Q5 − Q1 spread uses equal weights on both sides. Holdings drift with prices between rebalances.
First rebalance: 2019-12-31. The 5-day z-score compares the latest relative move with the prior 252 overlapping 5-day moves.
Read the full methodology →Sector exposure
Long portfolio / S&P 500 benchmark
Technology57.1% / 38.7%
Consumer Cyclical11.2% / 9.1%
Communication Services10.8% / 10.6%
Financial Services8.5% / 11.8%
Industrials7.6% / 7.2%
Utilities2.4% / 2.2%
Basic Materials1.7% / 1.4%
Healthcare0.5% / 9.1%
Consumer Defensive0.2% / 4.8%
Energy0.1% / 3.3%
Monthly portfolio changes
The last 12 rebalances of the long book. Turnover is the share of names newly added.
2026-09-30 5 added · 5 dropped
Added AKAM, BE, CARR, LULU, P
Dropped APTV, BLDR, CRL, PANW, RL
2026-08-31 4 added · 4 dropped
Added AXON, PANW, Q, RDDT
Dropped IR, LULU, RVTY, TPR
2026-07-31 2 added · 2 dropped
Added LII, TXN
Dropped TRMB, WSM
2026-06-30 6 added · 6 dropped
Added FLEX, GOOGL, MRVL, NEM, NTAP, SWKS
Dropped BAX, EXPE, IDXX, PYPL, STLD, SYF
2026-05-29 7 added · 7 dropped
Added BAX, CRWD, ECHO, PWR, ROK, STLD, SW
Dropped APO, DDOG, DECK, GPN, ODFL, SWKS, TECH
2026-04-30 16 added · 16 dropped
Added ALGN, BLDR, CAT, CRH, DDOG, DECK, EME, FSLR, IDXX, IR, LULU, MS, ODFL, PYPL, TECH, TEL
Dropped AAPL, ABNB, APA, AXP, BBY, CPAY, CRWD, DD, DOW, ECHO, GEHC, MGM, NTAP, TTD, TXN, WBD
2026-03-31 8 added · 8 dropped
Added APTV, CMI, COHR, GEHC, LITE, MRNA, RVTY, VRT
Dropped DDOG, EME, EPAM, LYB, MS, NOW, PYPL, TPL
2026-02-27 8 added · 8 dropped
Added ABNB, APH, C, CIEN, DDOG, EMR, GLW, PYPL
Dropped DECK, DVN, GEHC, HAL, MRNA, PH, SW, URI
2026-01-30 5 added · 5 dropped
Added DVN, HAL, LYB, NTAP, SW
Dropped ABNB, ALGN, APH, DDOG, GLW
2025-12-31 5 added · 5 dropped
Added ARES, CVNA, FIX, GLW, SNDK
Dropped CFG, DVN, FTNT, NTAP, PYPL
2025-11-28 5 added · 5 dropped
Added FTNT, GEHC, GNRC, MRNA, PYPL
Dropped EMR, HWM, KEY, NUE, STLD
2025-10-31 4 added · 4 dropped
Added DVN, HWM, NUE, STLD
Dropped C, DAY, ISRG, MRNA