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+0.1%relative return
20 days vs S&P 500-4.8%relative return
5-day z-score+2.53σrelative move vs trailing history
Year to date+17.5%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 | -0.1% | +11.3% | -7.0% | -6.9% | -0.2% | +17.5% | +17.9% |
| vs S&P 500 | +0.1% | +7.7% | -4.8% | -5.2% | -0.3% | +7.1% | +7.4% |
| Q5 − Q1 spread | -1.5% | +7.7% | -10.0% | -12.7% | -1.9% | +5.6% | +9.8% |
Inside the factor
Rebalanced 2026-10-30 · 3% 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% | 2.86 | 2021-05-28 | +6.2% | +45.1% | +4.4% | +25.8% | +16.3% | +174.0% | +147.1% |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMZNAmazon | Consumer Cyclical | 5.00% | 0.93 | 2022-04-29 | +0.7% | +3.0% | +5.2% | +0.8% | +11.5% | +16.1% | +7.6% |
| AVGOBroadcom | Technology | 5.00% | 1.78 | 2021-05-28 | +5.6% | +25.0% | +5.9% | +0.7% | +11.8% | +5.9% | +4.3% |
| GOOGLAlphabet Inc. (Class A) | Communication Services | 5.00% | 0.82 | 2026-06-30 | +2.1% | +6.1% | -14.2% | -13.0% | +7.1% | -4.0% | +3.2% |
| METAMeta Platforms | Communication Services | 5.00% | 0.94 | 2022-01-31 | -1.0% | +2.9% | -15.5% | +14.1% | +1.2% | -5.4% | -0.4% |
| MUMicron Technology | Technology | 5.00% | 2.86 | 2024-02-29 | -2.0% | +21.1% | -14.6% | -15.2% | -10.2% | +178.7% | +230.1% |
| NVDANvidia | Technology | 5.00% | 1.46 | 2021-04-30 | -5.3% | -9.4% | -24.3% | -24.3% | -19.6% | -11.6% | -14.6% |
| TSLATesla, Inc. | Consumer Cyclical | 5.00% | 1.77 | 2021-03-31 | -0.1% | +13.6% | +7.7% | +11.2% | -2.3% | -13.2% | -11.2% |
| PLTRPalantir Technologies | Technology | 2.86% | 1.56 | 2024-09-30 | -0.6% | +10.6% | -14.5% | -2.1% | -6.9% | -3.5% | -10.2% |
| ORCLOracle Corporation | Technology | 2.52% | 1.90 | 2024-03-28 | -1.0% | +10.4% | -5.4% | -11.3% | -2.7% | -33.9% | -45.4% |
| INTCIntel | Technology | 2.23% | 2.86 | 2024-03-28 | -0.9% | +18.5% | -35.1% | -33.3% | -5.9% | +67.8% | +63.4% |
| AMATApplied Materials | Technology | 1.94% | 2.48 | 2019-12-31 | -3.5% | +19.4% | -11.3% | -23.1% | -2.3% | +48.9% | +67.6% |
| LRCXLam Research | Technology | 1.93% | 2.86 | 2019-12-31 | -1.3% | +25.7% | -16.1% | -24.1% | -2.6% | +36.4% | +46.9% |
| MSMorgan Stanley | Financial Services | 1.90% | 0.88 | 2026-04-30 | -0.4% | +4.0% | +4.9% | -10.9% | +3.0% | +9.3% | +16.6% |
| CATCaterpillar Inc. | Industrials | 1.86% | 1.41 | 2026-04-30 | +0.9% | +9.6% | -17.3% | -25.4% | -2.5% | +6.9% | +7.8% |
| TXNTexas Instruments | Technology | 1.79% | 0.96 | 2026-07-31 | +0.8% | +12.3% | +12.4% | +17.3% | +3.8% | +83.9% | +99.8% |
| DELLDell Technologies | Technology | 1.77% | 2.12 | 2024-09-30 | -0.2% | +17.7% | -21.1% | -14.7% | -12.1% | +199.3% | +171.6% |
| GSGoldman Sachs | Financial Services | 1.75% | 1.13 | 2024-12-31 | -1.0% | +5.6% | +3.0% | -9.7% | +2.6% | +5.9% | +15.5% |
| CRWDCrowdStrike | Technology | 1.65% | 1.01 | 2026-05-29 | -0.0% | +5.5% | -6.3% | +13.6% | -8.5% | +95.5% | +64.6% |
| GEVGE Vernova | Utilities | 1.48% | 1.66 | 2025-01-31 | +1.8% | +6.8% | -11.2% | -16.7% | -4.1% | +26.2% | +43.1% |
| ANETArista Networks | Technology | 1.38% | 1.88 | 2023-10-31 | +4.9% | +29.6% | +11.2% | +10.7% | +22.2% | +57.5% | +52.9% |
| CCitigroup | Financial Services | 1.36% | 0.77 | 2026-02-27 | -0.1% | +4.7% | +1.2% | -6.1% | +1.7% | +8.5% | +25.7% |
| KLACKLA Corporation | Technology | 1.33% | 2.47 | 2019-12-31 | -1.7% | +22.0% | -9.2% | -15.5% | +0.3% | +30.8% | +33.7% |
| ADIAnalog Devices | Technology | 1.32% | 1.23 | 2024-03-28 | +0.1% | +13.5% | +1.4% | +10.1% | -1.8% | +52.4% | +77.7% |
| APHAmphenol | Technology | 1.27% | 1.40 | 2024-07-31 | +1.5% | +12.4% | -1.2% | +3.4% | +1.5% | +19.8% | +13.0% |
| MRVLMarvell Technology, Inc. | Technology | 1.14% | 2.86 | 2026-06-30 | -1.6% | +24.3% | -31.2% | -30.0% | -15.5% | +95.7% | +86.2% |
| QCOMQualcomm | Technology | 1.13% | 1.69 | 2021-04-30 | +0.4% | +13.1% | -0.6% | +10.1% | +7.6% | +5.3% | +4.0% |
| SNDKSandisk Corporation | Technology | 1.09% | 2.86 | 2025-12-31 | -4.7% | +15.6% | -33.2% | -40.6% | -19.0% | +292.6% | +243.2% |
| STXSeagate Technology | Technology | 0.95% | 2.22 | 2024-08-30 | -1.5% | +16.5% | -21.3% | -34.7% | -15.7% | +98.0% | +89.8% |
| ETNEaton Corporation | Industrials | 0.93% | 1.41 | 2024-06-28 | -0.4% | +10.2% | -10.5% | -15.2% | -2.6% | +14.1% | -1.2% |
| BXBlackstone Inc. | Financial Services | 0.93% | 0.75 | 2023-09-29 | -2.3% | -0.5% | +10.2% | -17.0% | +1.6% | -19.4% | -14.4% |
| WDCWestern Digital | Technology | 0.87% | 2.86 | 2022-08-31 | -1.4% | +15.4% | -13.3% | -33.1% | -15.6% | +79.5% | +82.1% |
| IBKRInteractive Brokers Group | Financial Services | 0.87% | 1.67 | 2025-08-29 | -0.8% | +12.6% | -4.9% | -9.5% | +6.4% | +27.7% | +16.0% |
| COFCapital One | Financial Services | 0.83% | 0.71 | 2025-01-31 | -1.6% | -4.8% | -2.4% | -12.1% | -5.3% | -19.0% | -10.7% |
| NEMNewmont | Basic Materials | 0.72% | 1.31 | 2026-06-30 | -4.2% | -5.2% | -2.0% | -9.1% | +6.5% | +14.4% | +27.4% |
| GLWCorning Inc. | Technology | 0.69% | 2.73 | 2026-02-27 | -0.9% | +15.4% | -13.7% | -21.5% | -3.2% | +37.1% | +37.0% |
| PWRQuanta Services | Industrials | 0.60% | 1.19 | 2026-05-29 | -0.3% | +19.1% | -5.6% | -10.5% | -2.4% | +43.7% | +35.1% |
| CEGConstellation Energy | Utilities | 0.60% | 0.82 | 2024-07-31 | +2.5% | +17.5% | +2.4% | +2.7% | +7.3% | -19.9% | -19.5% |
| EMREmerson Electric | Industrials | 0.60% | 1.00 | 2026-02-27 | +0.1% | +2.9% | +3.1% | +6.1% | +1.4% | +27.4% | +31.1% |
| FCXFreeport-McMoRan | Basic Materials | 0.59% | 1.80 | 2019-12-31 | -1.9% | +5.2% | -13.1% | -11.7% | -2.5% | +21.1% | +49.7% |
| CDNSCadence Design Systems | Technology | 0.58% | 1.09 | 2024-01-31 | +0.8% | +6.5% | +2.3% | +5.3% | +1.2% | +6.1% | +4.2% |
| SNPSSynopsys | Technology | 0.58% | 1.17 | 2024-02-29 | +0.1% | +5.1% | -1.1% | +15.3% | -1.0% | -1.5% | +17.0% |
| VRTVertiv Holdings Co | Industrials | 0.58% | 2.56 | 2026-03-31 | +1.7% | +18.8% | -2.2% | -19.6% | -9.7% | +29.7% | +17.4% |
| MRNAModerna | Healthcare | 0.57% | 1.77 | 2026-03-31 | -6.3% | -3.5% | -1.5% | +33.6% | +5.1% | +690.1% | +782.2% |
| KKRKKR | Financial Services | 0.55% | 0.88 | 2024-06-28 | -2.4% | -0.6% | +11.5% | -11.6% | +3.5% | -22.9% | -18.9% |
| DDOGDatadog | Technology | 0.54% | 0.78 | 2026-10-30 NEW | -0.0% | +5.6% | -30.8% | -21.1% | -21.7% | +35.5% | -6.8% |
| RCLRoyal Caribbean Group | Consumer Cyclical | 0.53% | 1.18 | 2020-02-28 | -3.7% | +0.0% | +15.3% | +8.0% | +5.1% | +17.6% | +24.9% |
| DASHDoorDash | Communication Services | 0.50% | 0.76 | 2025-03-31 | -3.0% | -3.9% | -10.5% | -21.5% | -3.4% | -23.7% | -13.9% |
| CVNACarvana Co. | Consumer Cyclical | 0.50% | 1.80 | 2025-12-31 | -4.3% | -1.9% | +16.6% | +0.4% | +3.5% | -16.2% | +8.2% |
| APPAppLovin Corporation | Technology | 0.50% | 1.85 | 2025-09-30 | -2.1% | +11.2% | +41.8% | +27.4% | +73.3% | -41.2% | -33.4% |
| HOODRobinhood Markets, Inc. | Financial Services | 0.49% | 2.86 | 2025-09-30 | -2.4% | +5.3% | -20.6% | -13.8% | -2.9% | -27.0% | -37.4% |
| HPEHewlett Packard Enterprise | Technology | 0.48% | 1.72 | 2024-08-30 | +0.1% | +13.9% | -14.2% | -5.1% | -8.7% | +111.9% | +123.7% |
| CMICummins | Industrials | 0.45% | 1.13 | 2026-03-31 | -1.0% | +2.3% | -13.9% | -24.3% | -8.3% | -9.2% | -2.2% |
| NXPINXP Semiconductors | Technology | 0.42% | 1.27 | 2021-03-31 | -1.1% | +9.1% | +15.4% | +18.5% | +2.7% | +24.5% | +33.8% |
| LITELumentum Holdings Inc. | Technology | 0.41% | 2.81 | 2026-03-31 | -3.0% | +23.4% | -27.7% | -24.0% | -25.2% | +70.6% | +149.1% |
| TELTE Connectivity | Technology | 0.40% | 1.14 | 2026-04-30 | -0.2% | +6.1% | +2.8% | +8.0% | +2.8% | -2.7% | -10.1% |
| BEBloom Energy Corporation | Industrials | 0.39% | 2.86 | 2026-09-30 | -2.9% | +21.4% | -13.9% | -1.6% | +0.1% | +134.1% | +60.0% |
| MPWRMonolithic Power Systems | Technology | 0.39% | 2.15 | 2021-02-26 | -2.1% | +28.0% | +15.9% | +11.6% | +19.5% | +60.6% | +52.7% |
| KEYSKeysight Technologies | Technology | 0.34% | 1.51 | 2024-07-31 | -0.0% | +17.3% | -10.7% | -4.3% | -0.5% | +50.4% | +67.5% |
| DALDelta Air Lines | Industrials | 0.34% | 1.23 | 2025-03-31 | -4.9% | +1.7% | +11.2% | +4.5% | +8.3% | +26.5% | +52.0% |
| ROKRockwell Automation | Industrials | 0.32% | 0.84 | 2026-05-29 | -0.2% | +6.4% | -3.9% | -6.4% | -7.0% | +5.2% | +4.8% |
| VSTVistra Corp. | Utilities | 0.30% | 1.02 | 2024-07-31 | +0.5% | +18.8% | -13.0% | -5.9% | -3.1% | -16.5% | -24.7% |
| CIENCiena Corporation | Technology | 0.29% | 2.46 | 2026-02-27 | -0.3% | +27.8% | -17.2% | -26.1% | -8.0% | +26.2% | +42.2% |
| XYZBlock, Inc. | Technology | 0.29% | 1.29 | 2025-07-31 | -3.4% | -1.4% | +3.8% | +2.4% | +8.7% | +27.3% | +25.7% |
| CARRCarrier Global | Industrials | 0.29% | 0.70 | 2026-09-30 | +0.0% | +2.6% | -0.3% | -10.4% | +1.8% | +4.9% | -2.7% |
| ARESAres Management Corporation | Financial Services | 0.28% | 1.08 | 2025-12-31 | -2.8% | +0.2% | +17.6% | -5.3% | +4.6% | -14.2% | -9.3% |
| PEverpure, Inc. | Technology | 0.28% | 2.30 | 2026-09-30 | +3.1% | +17.5% | -17.7% | -2.0% | -13.5% | +63.9% | +25.5% |
| FIXComfort Systems USA, Inc. | Industrials | 0.28% | 2.23 | 2025-12-31 | -2.3% | +17.6% | -23.4% | -33.1% | -7.9% | +21.8% | +19.1% |
| TERTeradyne | Technology | 0.28% | 2.86 | 2021-03-31 | -0.4% | +24.5% | -22.8% | -30.2% | -3.5% | +37.0% | +49.7% |
| MCHPMicrochip Technology | Technology | 0.27% | 1.75 | 2019-12-31 | -0.3% | -4.5% | -16.6% | -19.2% | -19.9% | -1.2% | +16.1% |
| COHRCoherent, Inc. | Technology | 0.27% | 2.86 | 2026-03-31 | -0.2% | +37.9% | -6.6% | -18.6% | +11.3% | +26.8% | +48.1% |
| ELEstée Lauder Companies (The) | Consumer Defensive | 0.26% | 0.68 | 2025-04-30 | -2.2% | +2.0% | +2.5% | +12.4% | +0.5% | +6.0% | +22.6% |
| CCLCarnival | Consumer Cyclical | 0.26% | 1.68 | 2020-03-31 | -4.2% | -0.1% | +11.6% | +10.7% | +2.5% | -1.7% | +12.1% |
| NTAPNetApp | Technology | 0.25% | 0.90 | 2026-06-30 | +2.1% | +10.3% | -12.9% | -3.7% | -6.2% | +77.2% | +71.9% |
| COINCoinbase Global | Financial Services | 0.24% | 2.67 | 2025-05-30 | -3.1% | -3.5% | -28.2% | -17.6% | -8.0% | -41.6% | -56.6% |
| AXONAxon Enterprise | Industrials | 0.22% | 1.01 | 2026-08-31 | -2.7% | -19.8% | -26.4% | -52.5% | -28.2% | -46.0% | -46.4% |
| UALUnited Airlines Holdings | Industrials | 0.22% | 1.78 | 2024-08-30 | -5.6% | +1.1% | +10.3% | -3.5% | +7.2% | -0.1% | +17.7% |
| FLEXFlex Ltd. | Technology | 0.21% | 2.86 | 2026-06-30 | -0.9% | +17.3% | -20.5% | -30.7% | -9.5% | +29.6% | +27.3% |
| TWLOTwilio Inc. | Technology | 0.21% | 0.97 | 2026-10-30 NEW | -2.5% | +6.5% | -21.8% | -3.6% | +4.3% | +50.4% | +63.7% |
| EMEEMCOR Group, Inc. | Industrials | 0.19% | 1.40 | 2026-04-30 | -0.9% | +11.0% | -9.8% | -18.0% | -2.8% | +8.2% | +3.3% |
| JBLJabil | Technology | 0.18% | 1.77 | 2024-03-28 | +0.2% | +9.7% | -9.7% | -19.7% | -4.9% | +13.8% | +23.0% |
| ECHOEchoStar Corporation | Communication Services | 0.18% | 1.03 | 2026-05-29 | -1.1% | +12.4% | +16.4% | +14.3% | +4.3% | -7.0% | +41.8% |
| ONON Semiconductor | Technology | 0.18% | 2.30 | 2022-06-30 | +0.1% | +16.9% | -0.0% | -3.8% | +2.8% | +36.0% | +52.1% |
| QQnity Electronics, Inc. | Technology | 0.16% | 2.31 | 2026-08-31 | -2.7% | +11.9% | +3.0% | -2.2% | +5.6% | +51.1% | +28.0% |
| SWSmurfit WestRock | Consumer Cyclical | 0.15% | 0.80 | 2026-05-29 | -1.3% | -2.4% | +5.4% | -10.8% | +0.8% | +15.7% | +26.4% |
| LUVSouthwest Airlines | Industrials | 0.13% | 1.10 | 2025-04-30 | -2.8% | +1.7% | +10.7% | +9.6% | +6.5% | +10.8% | +43.8% |
| NRGNRG Energy | Utilities | 0.13% | 0.80 | 2025-01-31 | +0.8% | +22.1% | -4.0% | -18.1% | +2.9% | -37.4% | -38.7% |
| SMCISupermicro | Technology | 0.13% | 2.86 | 2024-03-28 | -9.3% | +1.9% | -21.3% | -24.6% | -16.2% | -5.7% | -28.9% |
| FSLRFirst Solar | Energy | 0.12% | 1.34 | 2026-04-30 | -2.4% | -11.2% | -2.8% | -21.9% | -0.4% | -33.5% | -34.2% |
| ZBRAZebra Technologies | Technology | 0.12% | 1.25 | 2025-04-30 | -2.8% | -1.1% | -15.7% | -10.3% | -11.9% | +31.0% | +24.7% |
| RDDTReddit, Inc. | Communication Services | 0.11% | 1.85 | 2026-08-31 | -5.4% | +6.5% | -37.3% | -34.1% | +8.9% | -56.5% | -52.0% |
| CRLCharles River Laboratories | Healthcare | 0.11% | 0.74 | 2026-10-30 NEW | -0.4% | +9.1% | +11.5% | +17.8% | -5.0% | +71.2% | +96.8% |
| SWKStanley Black & Decker | Industrials | 0.10% | 0.81 | 2025-04-30 | -2.1% | -1.8% | +22.1% | +14.5% | +9.5% | +57.1% | +74.7% |
| AKAMAkamai Technologies | Technology | 0.09% | 0.92 | 2026-09-30 | +0.1% | +11.5% | -6.0% | -23.1% | -6.4% | -0.5% | -4.2% |
| SWKSSkyworks Solutions | Technology | 0.08% | 0.74 | 2026-06-30 | +3.2% | +11.4% | +14.3% | +32.1% | +3.3% | +45.6% | +35.6% |
| IVZInvesco | Financial Services | 0.08% | 1.22 | 2019-12-31 | -0.1% | +5.7% | -0.6% | -11.2% | +3.1% | +11.4% | +23.7% |
| GNRCGenerac | Industrials | 0.07% | 1.83 | 2025-11-28 | -0.2% | +12.4% | -2.4% | -8.1% | -2.2% | +42.0% | +22.6% |
| ALBAlbemarle Corporation | Basic Materials | 0.07% | 0.83 | 2021-03-31 | -0.9% | -3.3% | -3.1% | -28.9% | +4.5% | -32.2% | -7.4% |
| ALGNAlign Technology | Healthcare | 0.07% | 0.71 | 2026-04-30 | -2.4% | +5.4% | +12.5% | +3.0% | +12.1% | +7.6% | +16.3% |
| NCLHNorwegian Cruise Line Holdings | Consumer Cyclical | 0.05% | 1.54 | 2020-03-31 | -3.2% | +2.6% | +18.4% | +5.1% | +3.7% | -18.4% | -3.2% |
Bottom quintile: the lowest-scoring stocks, used as the equal-weighted short leg of the spread.
| APAAPA Corporation | Energy | -1.39 | 2026-04-30 | +3.2% | +10.9% | +2.6% | +11.6% | -8.7% | +102.8% | +101.7% |
|---|---|---|---|---|---|---|---|---|---|---|
| CFCF Industries | Basic Materials | -1.39 | 2026-03-31 | +1.8% | +5.8% | +4.7% | +5.4% | +1.7% | +64.6% | +53.0% |
| COPConocoPhillips | Energy | -1.39 | 2026-04-30 | +2.0% | +3.8% | -0.8% | +7.7% | -8.7% | +53.5% | +59.9% |
| CVXChevron Corporation | Energy | -1.39 | 2026-04-30 | +2.1% | +2.3% | -0.7% | +5.8% | -7.5% | +46.9% | +44.9% |
| DVNDevon Energy | Energy | -1.39 | 2026-04-30 | +3.3% | +8.3% | -5.7% | -3.0% | -11.0% | +29.1% | +35.4% |
| EOGEOG Resources | Energy | -1.39 | 2026-04-30 | +1.9% | +8.2% | +3.4% | +5.6% | -5.3% | +54.0% | +47.9% |
| ERIEErie Indemnity | Financial Services | -1.39 | 2025-11-28 | -0.0% | -4.8% | +14.0% | +2.4% | +4.1% | -2.9% | -1.5% |
| FANGDiamondback Energy | Energy | -1.39 | 2026-04-30 | +0.8% | +1.6% | -6.7% | -12.5% | -14.0% | +23.5% | +26.2% |
| KRKroger | Consumer Defensive | -1.39 | 2019-12-31 | +0.2% | +0.3% | +11.1% | +23.8% | +4.3% | +13.4% | +9.6% |
| LYBLyondellBasell | Basic Materials | -1.39 | 2026-05-29 | +3.0% | +4.6% | +2.9% | -1.4% | -6.1% | +53.8% | +56.4% |
| MOAltria | Consumer Defensive | -1.39 | 2024-07-31 | +1.1% | +0.8% | +5.9% | +20.3% | +0.2% | +42.2% | +42.9% |
| OKEONEOK | Energy | -1.39 | 2026-04-30 | +1.5% | +3.8% | -0.2% | -5.7% | -6.8% | +27.8% | +36.0% |
| OXYOccidental Petroleum | Energy | -1.39 | 2026-04-30 | +2.6% | +4.2% | -3.2% | -1.8% | -8.2% | +44.9% | +43.2% |
| XOMExxonMobil | Energy | -1.39 | 2026-04-30 | +2.4% | +3.3% | -2.3% | +3.6% | -8.8% | +44.7% | +46.6% |
| EDConsolidated Edison | Utilities | -1.37 | 2019-12-31 | +0.2% | -1.6% | +8.7% | +10.6% | +2.4% | +23.2% | +23.9% |
| VRSKVerisk Analytics | Industrials | -1.37 | 2024-08-30 | +0.5% | -2.1% | +10.5% | +11.3% | +5.4% | -6.8% | -2.9% |
| PGRProgressive Corporation | Financial Services | -1.36 | 2020-03-31 | +1.1% | +1.3% | +10.5% | +8.7% | +2.1% | +10.4% | +14.3% |
| AWKAmerican Water Works | Utilities | -1.34 | 2024-11-29 | -0.9% | -2.7% | +11.5% | +7.0% | +2.8% | +16.1% | +17.2% |
| CBOECboe Global Markets | Financial Services | -1.34 | 2022-11-30 | +1.1% | +5.7% | +21.1% | +33.3% | +11.2% | +49.8% | +45.4% |
| ALLAllstate | Financial Services | -1.33 | 2026-04-30 | +1.8% | +0.1% | +11.4% | +3.2% | +2.7% | +30.1% | +31.2% |
| BROBrown & Brown | Financial Services | -1.32 | 2025-10-31 | -0.5% | -4.5% | +4.8% | -0.4% | +2.1% | -10.0% | -10.4% |
| TMUST-Mobile US | Communication Services | -1.31 | 2025-03-31 | -0.5% | +6.7% | +9.1% | -5.5% | +9.5% | -14.3% | -17.5% |
| RSGRepublic Services | Industrials | -1.30 | 2025-05-30 | +1.3% | +1.3% | +10.0% | +14.6% | +3.5% | +20.6% | +23.4% |
| VZVerizon | Communication Services | -1.30 | 2019-12-31 | -0.0% | +1.0% | +4.9% | -4.2% | +4.2% | +22.0% | +22.1% |
| VLOValero Energy | Energy | -1.29 | 2026-05-29 | +3.9% | +7.6% | -14.9% | +9.2% | -5.4% | +135.6% | +113.4% |
| WMWaste Management | Industrials | -1.29 | 2025-04-30 | +1.2% | +0.8% | +8.4% | +8.5% | +4.1% | +12.1% | +21.6% |
| TAT&T | Communication Services | -1.27 | 2020-09-30 | -0.4% | +1.6% | -5.7% | -10.8% | +3.5% | -6.5% | -7.8% |
| AJGArthur J. Gallagher & Co. | Financial Services | -1.26 | 2025-01-31 | -1.3% | -3.4% | +11.3% | +8.4% | +0.8% | +8.6% | +10.5% |
| CBChubb Limited | Financial Services | -1.26 | 2023-02-28 | +0.9% | +0.5% | +5.9% | +9.9% | +2.6% | +20.8% | +29.3% |
| GISGeneral Mills | Consumer Defensive | -1.26 | 2019-12-31 | -1.0% | -7.1% | +3.0% | -13.7% | -1.2% | -22.1% | -22.4% |
| DOWDow Inc. | Basic Materials | -1.24 | 2026-08-31 | +2.7% | +4.5% | +12.6% | +6.4% | -3.7% | +47.7% | +57.1% |
| MRSHMarsh & McLennan Companies, Inc. | Financial Services | -1.24 | 2024-02-29 | -0.4% | -1.3% | +10.8% | +9.9% | +3.0% | +13.2% | +15.5% |
| PSXPhillips 66 | Energy | -1.24 | 2026-05-29 | +2.4% | +7.2% | -8.4% | +9.3% | -6.3% | +109.6% | +93.6% |
| CMECME Group | Financial Services | -1.23 | 2022-08-31 | +0.1% | +2.9% | +9.3% | +19.1% | +4.3% | +19.8% | +17.8% |
| WRBW. R. Berkley Corporation | Financial Services | -1.23 | 2022-10-31 | +0.9% | +0.5% | +4.6% | +11.3% | +4.7% | +11.6% | +4.1% |
| ACGLArch Capital Group | Financial Services | -1.21 | 2026-03-31 | +0.6% | -0.7% | +10.6% | +11.5% | +3.2% | +14.5% | +21.1% |
| MKCMcCormick & Company | Consumer Defensive | -1.20 | 2019-12-31 | -0.8% | -7.0% | +1.9% | -16.7% | -1.5% | -29.6% | -26.6% |
| SJMJ.M. Smucker Company (The) | Consumer Defensive | -1.20 | 2019-12-31 | -0.7% | -0.8% | +4.9% | +7.6% | +1.7% | +39.3% | +26.8% |
| DUKDuke Energy | Utilities | -1.17 | 2021-03-31 | +0.3% | -0.7% | +8.7% | +4.5% | +1.4% | +13.1% | +8.1% |
| TRGPTarga Resources | Energy | -1.17 | 2026-05-29 | +2.2% | +9.7% | +5.9% | +0.8% | -5.3% | +64.6% | +75.4% |
| MDLZMondelez International | Consumer Defensive | -1.15 | 2020-04-30 | -0.0% | -0.2% | +5.8% | +4.9% | +2.7% | +27.1% | +20.9% |
| MCKMcKesson Corporation | Healthcare | -1.13 | 2022-06-30 | -0.3% | +0.4% | +7.8% | +26.2% | +8.2% | +31.6% | +26.2% |
| KOCoca-Cola Company (The) | Consumer Defensive | -1.12 | 2021-06-30 | +0.1% | +2.0% | +6.1% | +8.7% | +3.8% | +42.4% | +40.0% |
| VTRVentas | Real Estate | -1.12 | 2025-04-30 | -0.6% | +1.0% | +5.9% | -1.5% | +6.0% | +18.3% | +20.9% |
| AONAon | Financial Services | -1.11 | 2024-09-30 | -0.7% | -2.9% | +16.9% | -3.8% | +4.2% | -4.4% | -3.5% |
| MPCMarathon Petroleum | Energy | -1.11 | 2026-05-29 | +3.3% | +10.3% | -12.8% | +15.3% | -6.5% | +158.8% | +111.4% |
| EXCExelon | Utilities | -1.10 | 2023-10-31 | +0.4% | -1.5% | +7.9% | +2.1% | -0.7% | +8.0% | +3.6% |
| HSYHershey Company (The) | Consumer Defensive | -1.07 | 2020-04-30 | -1.0% | -1.5% | +3.6% | -7.5% | +5.5% | -1.9% | +4.2% |
| PEPPepsiCo | Consumer Defensive | -1.07 | 2021-03-31 | -0.8% | +0.0% | +11.2% | +1.2% | +3.9% | +2.5% | +2.4% |
| SOSouthern Company | Utilities | -1.07 | 2021-04-30 | -1.1% | -0.6% | +4.0% | +0.6% | -1.0% | +9.0% | +5.1% |
| AFLAflac | Financial Services | -1.03 | 2026-04-30 | +0.1% | +0.8% | +7.7% | +9.2% | +2.7% | +17.1% | +14.1% |
| ATOAtmos Energy | Utilities | -1.03 | 2023-11-30 | +0.2% | +0.6% | +7.4% | +3.4% | +2.1% | +6.9% | +0.8% |
| COSTCostco | Consumer Defensive | -1.02 | 2026-03-31 | +0.3% | +2.4% | +11.8% | +14.2% | +7.8% | +27.3% | +20.1% |
| HRLHormel Foods | Consumer Defensive | -1.01 | 2019-12-31 | -0.4% | -3.3% | +8.2% | -9.1% | +2.7% | -2.7% | +2.5% |
| JNJJohnson & Johnson | Healthcare | -1.01 | 2019-12-31 | +1.5% | +4.5% | +12.3% | +4.6% | +4.2% | +39.7% | +50.1% |
| KHCThe Kraft Heinz Company | Consumer Defensive | -1.01 | 2021-09-30 | +1.8% | -2.4% | +6.1% | -2.2% | +1.5% | +7.2% | +7.1% |
| CMSCMS Energy | Utilities | -1.00 | 2019-12-31 | -0.1% | -0.8% | +4.8% | -0.7% | +0.1% | +2.7% | -4.1% |
| KMIKinder Morgan | Energy | -1.00 | 2026-04-30 | +2.1% | +6.8% | -0.9% | +1.4% | -3.9% | +21.8% | +24.2% |
| TRVTravelers Companies (The) | Financial Services | -0.99 | 2026-06-30 | +1.5% | +0.6% | +5.6% | +12.3% | +2.3% | +41.3% | +43.9% |
| CNPCenterPoint Energy | Utilities | -0.98 | 2024-11-29 | +0.6% | +3.2% | +3.6% | +2.7% | -2.8% | +9.4% | +6.2% |
| HIGHartford (The) | Financial Services | -0.98 | 2026-07-31 | +0.2% | +0.2% | +3.5% | +0.4% | +3.6% | +1.1% | +6.6% |
| PMPhilip Morris International | Consumer Defensive | -0.98 | 2024-08-30 | +1.1% | -1.5% | -0.8% | +5.4% | -5.0% | +26.9% | +31.0% |
| ABBVAbbVie | Healthcare | -0.97 | 2026-06-30 | +0.1% | +2.4% | +4.2% | +11.7% | +0.1% | +33.1% | +35.1% |
| CLColgate-Palmolive | Consumer Defensive | -0.97 | 2019-12-31 | -0.3% | -1.0% | +6.1% | +8.2% | +2.6% | +26.7% | +25.9% |
| CORCencora | Healthcare | -0.97 | 2022-01-31 | -0.2% | +2.8% | +2.3% | +10.1% | +5.5% | +4.0% | -3.6% |
| WECWEC Energy Group | Utilities | -0.97 | 2019-12-31 | +0.4% | -0.3% | +11.3% | +7.9% | +1.7% | +14.8% | +8.5% |
| WTWWillis Towers Watson | Financial Services | -0.97 | 2023-11-30 | -0.9% | -1.6% | +6.7% | -1.0% | +2.1% | +1.8% | +4.1% |
| DDominion Energy | Utilities | -0.96 | 2024-08-30 | -0.0% | -2.3% | +8.2% | +0.6% | +2.1% | +19.8% | +15.9% |
| BGBunge Global | Consumer Defensive | -0.95 | 2026-08-31 | +0.6% | +2.4% | -5.7% | -11.5% | +4.4% | +15.3% | +7.3% |
| LNTAlliant Energy | Utilities | -0.94 | 2024-01-31 | -0.4% | -0.2% | +10.1% | +5.3% | +2.3% | +16.3% | +11.1% |
| PNWPinnacle West | Utilities | -0.94 | 2023-09-29 | -0.1% | +3.8% | +7.0% | +9.3% | +2.3% | +26.0% | +25.9% |
| ADPAutomatic Data Processing | Industrials | -0.93 | 2026-07-31 | +0.4% | +0.2% | +7.7% | +11.7% | +4.7% | +22.3% | +24.1% |
| AEEAmeren | Utilities | -0.93 | 2023-10-31 | +0.6% | +1.1% | +9.9% | +5.1% | +3.1% | +16.6% | +11.5% |
| BF-BBrown–Forman | Consumer Defensive | -0.93 | 2026-10-30 NEW | -0.6% | -3.3% | +4.7% | +6.2% | +4.2% | +17.9% | +11.3% |
| CASYCasey's General Stores, Inc. | Consumer Cyclical | -0.93 | 2026-06-30 | -0.9% | +2.6% | +5.2% | -15.3% | +4.0% | +28.5% | +31.6% |
| STZConstellation Brands | Consumer Defensive | -0.93 | 2026-09-30 | +0.5% | +0.2% | +12.7% | +9.4% | +7.1% | +8.1% | +13.2% |
| CAHCardinal Health | Healthcare | -0.92 | 2025-10-31 | +0.1% | +3.7% | +9.5% | +18.6% | +10.9% | +36.4% | +36.9% |
| EGEverest Group | Financial Services | -0.92 | 2026-07-31 | +0.0% | +1.4% | +11.1% | +17.1% | +3.1% | +27.1% | +33.8% |
| EXEExpand Energy | Energy | -0.92 | 2026-10-30 NEW | -0.0% | +3.8% | -2.4% | -7.7% | -2.1% | -18.3% | -23.6% |
| TYLTyler Technologies | Technology | -0.92 | 2026-10-30 NEW | -0.4% | -1.6% | +16.5% | +22.1% | +7.4% | -6.7% | -9.9% |
| WMTWalmart | Consumer Defensive | -0.92 | 2026-04-30 | +0.0% | -1.6% | +6.6% | +10.2% | +1.8% | +13.6% | +22.6% |
| DGXQuest Diagnostics | Healthcare | -0.91 | 2020-02-28 | +0.5% | +2.1% | +8.8% | +8.0% | +3.3% | +52.4% | +40.0% |
| JKHYJack Henry & Associates | Technology | -0.91 | 2026-07-31 | +0.2% | -2.2% | +12.6% | +8.5% | +9.2% | -2.3% | +7.9% |
| CINFCincinnati Financial | Financial Services | -0.90 | 2026-09-30 | +0.5% | +1.3% | +14.1% | +13.9% | +5.3% | +18.8% | +17.4% |
| WELLWelltower | Real Estate | -0.90 | 2025-04-30 | -0.2% | +0.9% | +5.6% | +5.1% | +5.6% | +34.9% | +30.2% |
| ADMArcher Daniels Midland | Consumer Defensive | -0.89 | 2026-04-30 | +1.0% | +1.7% | -13.6% | -11.3% | -6.8% | +27.2% | +28.0% |
| FEFirstEnergy | Utilities | -0.89 | 2023-10-31 | +0.2% | -0.1% | +3.3% | -0.4% | +0.3% | +8.3% | +4.8% |
| LMTLockheed Martin | Industrials | -0.89 | 2026-10-30 NEW | -0.6% | +5.2% | +13.8% | +3.5% | -4.8% | +27.6% | +36.0% |
| PGProcter & Gamble | Consumer Defensive | -0.89 | 2019-12-31 | +0.3% | +0.7% | +7.8% | +17.3% | +4.1% | +20.8% | +16.5% |
| ORealty Income | Real Estate | -0.88 | 2024-09-30 | -0.4% | -0.3% | +7.3% | -4.4% | +4.2% | +10.0% | +9.5% |
| TSNTyson Foods | Consumer Defensive | -0.88 | 2026-06-30 | -1.1% | -1.5% | +9.6% | +2.1% | +3.8% | +3.6% | +10.4% |
| AMTAmerican Tower | Real Estate | -0.87 | 2024-09-30 | +0.1% | -1.9% | +5.0% | +10.3% | +1.4% | +11.8% | +7.2% |
| ROPRoper Technologies | Industrials | -0.87 | 2026-10-30 NEW | -0.0% | -2.7% | +24.9% | +17.6% | +2.4% | +8.3% | +8.8% |
| AEPAmerican Electric Power | Utilities | -0.86 | 2024-07-31 | +0.5% | +3.2% | +5.3% | +3.6% | +0.5% | +16.1% | +9.1% |
| CHDChurch & Dwight | Consumer Defensive | -0.86 | 2019-12-31 | -0.3% | +0.3% | +8.3% | +12.8% | +4.1% | +34.4% | +32.3% |
| EVRGEvergy | Utilities | -0.86 | 2021-04-30 | +0.4% | +1.4% | +8.7% | +6.1% | +3.2% | +25.4% | +19.2% |
| PAYXPaychex | Industrials | -0.86 | 2026-10-30 NEW | -0.4% | -3.8% | +4.8% | -5.2% | +2.5% | +7.0% | +7.5% |
| PPLPPL Corporation | Utilities | -0.86 | 2024-01-31 | -0.4% | -2.1% | +2.2% | +0.2% | -1.1% | +3.1% | -1.2% |
| FDSFactSet | Financial Services | -0.85 | 2026-10-30 NEW | -0.1% | -1.7% | +10.8% | +12.6% | +1.5% | +16.9% | +25.4% |
| LLoews Corporation | Financial Services | -0.85 | 2026-09-30 | +0.6% | +0.9% | +3.1% | +0.9% | +0.8% | +6.7% | +8.4% |
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
Technology55.8% / 37.2%
Consumer Cyclical11.5% / 9.7%
Communication Services10.8% / 9.3%
Financial Services9.3% / 10.9%
Industrials7.6% / 7.5%
Utilities2.5% / 2.4%
Basic Materials1.4% / 1.6%
Healthcare0.8% / 10.3%
Consumer Defensive0.3% / 5.5%
Energy0.1% / 3.9%
Monthly portfolio changes
The last 12 rebalances of the long book. Turnover is the share of names newly added.
2026-10-30 3 added · 3 dropped
Added CRL, DDOG, TWLO
Dropped CRH, LII, LULU
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 7 added · 7 dropped
Added ABNB, C, CIEN, DDOG, EMR, GLW, PYPL
Dropped DECK, DVN, GEHC, HAL, MRNA, PH, URI
2026-01-30 3 added · 3 dropped
Added HAL, LYB, NTAP
Dropped ABNB, DDOG, GLW
2025-12-31 5 added · 5 dropped
Added ARES, CVNA, FIX, GLW, SNDK
Dropped ALGN, CFG, NTAP, PYPL, SW
2025-11-28 5 added · 5 dropped
Added GEHC, GNRC, MRNA, PYPL, SW
Dropped EMR, HWM, KEY, NUE, STLD