Momentum ↗
Stocks with the strongest prior price performance, excluding the most recent month.
Systematic factor / S&P 500
Low volatility
Stocks with the lowest daily return volatility over the past year.
1 day vs S&P 500-0.7%relative return
20 days vs S&P 500+4.0%relative return
5-day z-score+0.64σrelative move vs trailing history
Year to date+9.3%long portfolio return
Performance
Low volatility 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% | +1.9% | +4.8% | -0.7% | +6.3% | +9.3% | +8.0% |
| vs S&P 500 | -0.7% | +1.3% | +4.0% | -5.4% | +4.6% | -5.1% | -8.1% |
| Q5 − Q1 spread | -1.4% | +0.8% | +6.9% | -9.5% | +6.4% | -20.0% | -24.0% |
Inside the factor
Rebalanced 2026-09-30 · 2% of the long book is new.
Top quintile: the highest-scoring stocks. Weights below are for the cap-weighted long portfolio.
| BRK-BBerkshire Hathaway | Financial Services | 5.00% | 1.30 | 2019-12-31 | -0.1% | +2.4% | +6.3% | +5.2% | +8.2% | +7.2% | +9.1% |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JNJJohnson & Johnson | Healthcare | 5.00% | 1.16 | 2019-12-31 | -0.6% | +1.5% | -4.2% | -2.9% | -2.6% | +26.6% | +36.1% |
| JPMJPMorgan Chase | Financial Services | 5.00% | 0.90 | 2026-04-30 | -0.0% | -0.0% | -0.2% | -5.7% | +1.8% | +6.0% | +13.0% |
| MAMastercard | Financial Services | 5.00% | 0.91 | 2023-06-30 | +0.4% | +3.2% | +11.4% | +10.8% | +13.1% | +9.8% | +10.6% |
| VVisa Inc. | Financial Services | 5.00% | 0.93 | 2025-07-31 | +0.3% | +4.2% | +12.8% | +11.5% | +13.5% | +17.0% | +19.4% |
| CVXChevron Corporation | Energy | 4.37% | 0.81 | 2026-04-30 | +0.5% | +2.1% | +10.3% | +21.9% | +11.1% | +52.9% | +52.6% |
| COSTCostco | Consumer Defensive | 4.32% | 1.09 | 2024-12-31 | +0.4% | +1.7% | +10.3% | +3.3% | +9.7% | +16.3% | +7.3% |
| BACBank of America | Financial Services | 4.21% | 0.92 | 2026-04-30 | +0.3% | -1.2% | -9.3% | -18.5% | -6.7% | -6.2% | -0.4% |
| KOCoca-Cola Company (The) | Consumer Defensive | 4.01% | 1.18 | 2019-12-31 | -0.9% | +1.0% | +5.2% | +5.6% | +7.7% | +35.1% | +39.0% |
| PGProcter & Gamble | Consumer Defensive | 3.82% | 1.10 | 2019-12-31 | -1.5% | +0.3% | +6.5% | +5.5% | +8.1% | +12.0% | +6.3% |
| LINLinde plc | Basic Materials | 2.37% | 1.16 | 2023-08-31 | -0.3% | +1.6% | +6.6% | -1.8% | +5.5% | +18.6% | +12.4% |
| PEPPepsiCo | Consumer Defensive | 1.88% | 1.00 | 2019-12-31 | +0.5% | +4.2% | +3.5% | -4.7% | +6.3% | -3.3% | -8.8% |
| PFEPfizer | Healthcare | 1.79% | 0.85 | 2026-07-31 | -0.9% | +2.2% | +5.9% | +18.2% | +4.7% | +26.1% | +29.4% |
| MCDMcDonald's | Consumer Cyclical | 1.77% | 1.15 | 2020-11-30 | -0.1% | +3.3% | +3.3% | -9.2% | +6.6% | -17.8% | -17.9% |
| WELLWelltower | Real Estate | 1.75% | 0.88 | 2024-07-31 | -1.6% | +0.9% | +1.9% | -3.5% | +1.7% | +27.5% | +33.7% |
| UNPUnion Pacific Corporation | Industrials | 1.75% | 0.90 | 2025-10-31 | +0.1% | +0.5% | +4.5% | -1.8% | +5.8% | +26.3% | +29.3% |
| NEENextEra Energy | Utilities | 1.72% | 0.99 | 2026-07-31 | -0.7% | -0.1% | +1.6% | -11.7% | +3.4% | -0.4% | -5.0% |
| TJXTJX Companies | Consumer Cyclical | 1.60% | 1.00 | 2023-05-31 | -1.0% | +1.9% | +10.6% | -9.2% | +10.0% | -4.4% | +2.8% |
| CBChubb Limited | Financial Services | 1.38% | 1.12 | 2022-05-31 | -0.8% | +1.4% | +5.9% | -2.1% | +9.1% | +14.8% | +34.0% |
| PLDPrologis | Real Estate | 1.31% | 0.99 | 2026-04-30 | +0.1% | -2.2% | -4.8% | -12.6% | -1.7% | +2.3% | +3.5% |
| MDTMedtronic | Healthcare | 1.20% | 0.81 | 2024-02-29 | -1.7% | -1.3% | +5.0% | +8.0% | +7.8% | -0.7% | +0.2% |
| BNYBank of New York Mellon Corp | Financial Services | 1.08% | 0.96 | 2026-01-30 | +1.1% | +6.0% | -2.5% | -6.8% | +0.8% | +27.2% | +36.8% |
| SOSouthern Company | Utilities | 1.02% | 1.29 | 2021-03-31 | -0.4% | +1.1% | +8.3% | -5.8% | +9.0% | +6.2% | -4.4% |
| CMECME Group | Financial Services | 1.02% | 0.79 | 2022-06-30 | +0.2% | +3.6% | +9.2% | +14.3% | +12.9% | +12.0% | +14.8% |
| USBU.S. Bancorp | Financial Services | 0.97% | 0.90 | 2026-04-30 | -0.1% | +5.0% | +1.9% | -7.5% | +2.2% | +13.8% | +30.2% |
| GDGeneral Dynamics | Industrials | 0.97% | 0.90 | 2021-05-28 | +0.1% | +3.0% | +0.9% | -11.9% | +4.4% | +4.2% | +4.1% |
| PNCPNC Financial Services | Financial Services | 0.97% | 0.94 | 2026-04-30 | +0.9% | +3.3% | +0.4% | -10.6% | +1.2% | +10.3% | +26.4% |
| DUKDuke Energy | Utilities | 0.96% | 1.30 | 2021-03-31 | -0.5% | +0.9% | +5.7% | -5.8% | +5.8% | +5.6% | -3.1% |
| CSXCSX Corporation | Industrials | 0.93% | 0.97 | 2026-05-29 | +0.7% | +0.2% | +2.6% | -4.5% | +4.1% | +34.7% | +33.7% |
| WMWaste Management | Industrials | 0.89% | 1.06 | 2019-12-31 | -0.9% | +6.4% | +10.4% | -3.7% | +12.6% | +5.8% | +8.4% |
| CTASCintas | Industrials | 0.85% | 0.83 | 2025-12-31 | +1.4% | +5.5% | +14.7% | +2.7% | +12.9% | +17.9% | +15.6% |
| ECLEcolab | Basic Materials | 0.83% | 0.94 | 2024-10-31 | -0.0% | +0.1% | +4.1% | +2.1% | +4.9% | +10.6% | +4.0% |
| TRVTravelers Companies (The) | Financial Services | 0.81% | 1.02 | 2025-10-31 | +0.8% | +5.6% | +10.7% | +0.8% | +11.9% | +39.1% | +52.7% |
| MDLZMondelez International | Consumer Defensive | 0.81% | 0.84 | 2019-12-31 | -1.9% | +0.3% | +3.0% | +1.3% | +8.5% | +19.6% | +3.4% |
| ITWIllinois Tool Works | Industrials | 0.80% | 0.96 | 2023-11-30 | +0.7% | +2.7% | +1.9% | -5.6% | +7.6% | +14.5% | +12.5% |
| HLTHilton Worldwide | Consumer Cyclical | 0.78% | 0.82 | 2026-06-30 | +0.8% | +10.4% | +17.9% | +12.4% | +13.9% | +26.3% | +39.1% |
| NSCNorfolk Southern Railway | Industrials | 0.75% | 1.04 | 2025-11-28 | +0.8% | +1.4% | +4.2% | -2.8% | +6.2% | +15.1% | +14.7% |
| CLColgate-Palmolive | Consumer Defensive | 0.74% | 0.91 | 2019-12-31 | -1.2% | +1.2% | +9.3% | +1.3% | +10.1% | +21.0% | +21.5% |
| KMIKinder Morgan | Energy | 0.73% | 1.03 | 2026-01-30 | +1.2% | +1.9% | +8.3% | +8.5% | +12.7% | +27.1% | +28.4% |
| SPGSimon Property Group | Real Estate | 0.71% | 1.16 | 2026-04-30 | -0.7% | +3.5% | +0.7% | -12.2% | +2.4% | +14.8% | +20.5% |
| AEPAmerican Electric Power | Utilities | 0.70% | 1.16 | 2024-10-31 | +0.1% | +1.0% | +7.6% | -3.5% | +7.4% | +13.0% | +11.5% |
| RSGRepublic Services | Industrials | 0.70% | 1.14 | 2019-12-31 | -1.1% | +2.6% | +8.4% | +6.7% | +10.1% | +10.0% | +5.9% |
| METMetLife | Financial Services | 0.66% | 0.82 | 2026-07-31 | +1.0% | +2.5% | +5.1% | +5.5% | +8.5% | +32.2% | +33.5% |
| GWWW. W. Grainger | Industrials | 0.64% | 0.83 | 2026-08-31 | +1.2% | +1.6% | +6.4% | -3.2% | +8.5% | +34.8% | +40.4% |
| AMEAmetek | Industrials | 0.61% | 0.81 | 2025-11-28 | +1.2% | +1.4% | +1.6% | +3.8% | +1.0% | +22.5% | +34.4% |
| AFLAflac | Financial Services | 0.61% | 1.30 | 2025-02-28 | -0.1% | +1.6% | +4.3% | -6.8% | +7.5% | +10.7% | +12.8% |
| DDominion Energy | Utilities | 0.58% | 1.07 | 2025-10-31 | -0.8% | -0.8% | +1.9% | -10.8% | +3.0% | +9.7% | +5.8% |
| SRESempra | Utilities | 0.55% | 1.06 | 2026-02-27 | +0.8% | +1.8% | +6.6% | -7.0% | +7.1% | -3.3% | -7.2% |
| ORealty Income | Real Estate | 0.55% | 1.30 | 2024-08-30 | -1.8% | +0.3% | +0.0% | -14.6% | +1.9% | +2.1% | -3.7% |
| PSAPublic Storage | Real Estate | 0.54% | 0.86 | 2025-08-29 | -1.1% | +3.3% | +4.0% | -8.8% | +5.5% | +18.4% | -0.4% |
| ETREntergy | Utilities | 0.49% | 1.06 | 2025-11-28 | +0.9% | +1.5% | +6.9% | -5.0% | +6.9% | +16.9% | +12.4% |
| XELXcel Energy | Utilities | 0.48% | 1.18 | 2025-03-31 | +0.1% | +1.9% | +8.7% | -3.6% | +8.9% | +6.4% | -2.6% |
| EXCExelon | Utilities | 0.45% | 1.13 | 2024-12-31 | +0.1% | +1.1% | +5.8% | -8.1% | +6.6% | +1.5% | -7.5% |
| VTRVentas | Real Estate | 0.45% | 0.92 | 2025-04-30 | -1.3% | +1.3% | -0.9% | -12.5% | +0.4% | +12.4% | +22.3% |
| EDConsolidated Edison | Utilities | 0.41% | 1.30 | 2021-03-31 | -0.1% | +2.0% | +9.0% | +0.7% | +9.4% | +15.4% | +13.6% |
| PRUPrudential Financial | Financial Services | 0.40% | 0.90 | 2026-05-29 | -0.4% | +1.2% | -2.4% | -6.3% | +1.1% | +5.7% | +19.1% |
| MTBM&T Bank | Financial Services | 0.37% | 0.95 | 2026-04-30 | +0.5% | +1.6% | -0.0% | -12.5% | +0.9% | +11.2% | +24.0% |
| HIGHartford (The) | Financial Services | 0.37% | 1.10 | 2025-07-31 | -0.4% | +2.9% | +7.3% | -4.9% | +11.0% | -0.1% | +11.6% |
| PEGPublic Service Enterprise Group | Utilities | 0.36% | 1.21 | 2025-03-31 | +0.2% | +0.6% | +5.5% | -9.2% | +5.4% | -9.3% | -13.4% |
| PPLPPL Corporation | Utilities | 0.36% | 1.24 | 2021-07-30 | -0.1% | -0.5% | +7.2% | -4.0% | +5.1% | +1.1% | -5.3% |
| WECWEC Energy Group | Utilities | 0.36% | 1.30 | 2024-03-28 | -0.2% | +1.6% | +7.2% | -3.7% | +7.7% | +5.5% | -4.5% |
| ACGLArch Capital Group | Financial Services | 0.34% | 1.03 | 2026-02-27 | -1.0% | +2.8% | +5.4% | -5.8% | +8.6% | +4.5% | +15.3% |
| EXRExtra Space Storage | Real Estate | 0.30% | 0.89 | 2026-08-31 | -0.8% | +4.3% | +4.5% | -7.0% | +6.4% | +11.1% | -3.3% |
| AEEAmeren | Utilities | 0.30% | 1.30 | 2024-12-31 | +0.2% | +1.8% | +6.8% | -4.7% | +7.1% | +8.9% | +3.6% |
| ATOAtmos Energy | Utilities | 0.29% | 1.30 | 2021-11-30 | -0.1% | +1.8% | +6.9% | -6.4% | +6.7% | +1.3% | -3.9% |
| WRBW. R. Berkley Corporation | Financial Services | 0.28% | 0.92 | 2025-07-31 | +1.6% | +0.7% | +9.9% | -2.3% | +10.1% | +7.3% | +4.0% |
| AWKAmerican Water Works | Utilities | 0.27% | 0.90 | 2026-05-29 | -0.8% | +2.3% | +1.3% | -1.7% | +4.1% | +5.4% | -4.8% |
| DTEDTE Energy | Utilities | 0.27% | 1.29 | 2024-08-30 | +0.3% | +1.0% | +5.5% | -10.4% | +6.4% | +3.0% | -6.4% |
| VICIVici Properties | Real Estate | 0.27% | 1.21 | 2024-09-30 | -0.9% | +0.9% | -2.3% | -12.9% | +0.8% | -13.3% | -20.6% |
| FEFirstEnergy | Utilities | 0.27% | 1.30 | 2024-03-28 | -0.5% | +0.2% | +4.3% | -7.4% | +5.0% | +4.7% | +0.2% |
| LHLabCorp | Healthcare | 0.27% | 0.79 | 2026-06-30 | +0.2% | +2.0% | +6.5% | +3.2% | +5.1% | +30.0% | +12.4% |
| OTISOtis Worldwide | Industrials | 0.27% | 0.95 | 2026-07-31 | +0.4% | +4.7% | +5.9% | -1.1% | +12.5% | -15.8% | -19.2% |
| CINFCincinnati Financial | Financial Services | 0.27% | 1.03 | 2026-01-30 | +0.9% | +4.2% | +6.8% | -4.4% | +8.9% | +8.1% | +14.6% |
| PFGPrincipal Financial Group | Financial Services | 0.27% | 0.87 | 2026-04-30 | +0.5% | +1.1% | -4.8% | -4.2% | -3.1% | +26.0% | +42.0% |
| ESEversource Energy | Utilities | 0.26% | 0.79 | 2026-09-30 NEW | +0.2% | -1.6% | +1.1% | -12.0% | +2.2% | +0.8% | -5.8% |
| CNPCenterPoint Energy | Utilities | 0.26% | 1.29 | 2025-03-31 | +0.2% | +1.6% | +8.5% | -8.0% | +9.6% | +7.0% | +2.5% |
| VMRKEquity Residential | Real Estate | 0.25% | 1.03 | 2025-11-28 | +0.2% | +2.0% | +2.3% | -7.9% | +3.2% | +2.9% | +4.0% |
| VLTOVeralto | Industrials | 0.25% | 0.86 | 2025-01-31 | -0.1% | +0.7% | +5.8% | +3.0% | +7.4% | +2.0% | -2.0% |
| CHDChurch & Dwight | Consumer Defensive | 0.24% | 0.89 | 2020-02-28 | -0.9% | +2.3% | +9.3% | +5.4% | +11.4% | +26.4% | +20.8% |
| KEYKeyCorp | Financial Services | 0.23% | 0.80 | 2026-07-31 | +1.1% | +6.3% | +3.9% | -6.2% | +4.8% | +4.9% | +25.9% |
| LLoews Corporation | Financial Services | 0.23% | 1.30 | 2022-03-31 | +0.3% | +2.4% | +6.4% | -6.4% | +7.0% | +6.3% | +12.9% |
| CMSCMS Energy | Utilities | 0.21% | 1.30 | 2019-12-31 | -0.4% | +2.0% | +7.9% | -7.6% | +8.0% | -0.3% | -6.4% |
| SNASnap-on | Industrials | 0.21% | 1.12 | 2026-02-27 | +0.7% | +1.5% | -0.4% | -11.5% | +1.5% | +9.2% | +11.2% |
| NINiSource | Utilities | 0.20% | 1.27 | 2024-08-30 | +0.6% | +4.2% | +9.6% | -5.3% | +10.3% | +5.0% | +0.7% |
| EVRGEvergy | Utilities | 0.20% | 1.30 | 2024-07-31 | +0.4% | +0.6% | +6.0% | -2.1% | +6.0% | +17.6% | +9.4% |
| NDSNNordson Corporation | Industrials | 0.20% | 0.94 | 2026-04-30 | +1.4% | +0.9% | +3.1% | +9.9% | +1.1% | +39.1% | +42.4% |
| ESSEssex Property Trust | Real Estate | 0.19% | 1.13 | 2026-03-31 | +0.8% | +1.8% | +1.2% | -6.0% | +1.8% | +8.9% | +9.3% |
| IEXIDEX Corporation | Industrials | 0.18% | 0.94 | 2026-07-31 | +1.0% | -1.3% | +2.8% | +5.1% | +3.6% | +34.1% | +43.2% |
| LNTAlliant Energy | Utilities | 0.18% | 1.30 | 2023-10-31 | +0.2% | +1.3% | +7.4% | -6.6% | +8.0% | +7.6% | +2.8% |
| INVHInvitation Homes | Real Estate | 0.17% | 1.03 | 2025-04-30 | -0.7% | +1.0% | +0.7% | -9.8% | +1.8% | -0.2% | -2.0% |
| KIMKimco Realty | Real Estate | 0.16% | 1.25 | 2025-12-31 | -1.2% | +1.5% | +2.3% | -12.4% | +2.3% | +15.9% | +8.1% |
| EGEverest Group | Financial Services | 0.16% | 0.79 | 2026-09-30 NEW | +0.4% | +5.1% | +6.0% | -0.4% | +8.1% | +18.4% | +15.2% |
| MAAMid-America Apartment Communities | Real Estate | 0.15% | 1.17 | 2025-02-28 | +0.3% | +3.1% | +1.3% | -12.1% | +1.3% | -11.1% | -7.1% |
| REGRegency Centers | Real Estate | 0.14% | 1.30 | 2024-10-31 | -1.3% | +0.6% | -0.7% | -9.9% | +0.5% | +7.7% | +4.1% |
| AIZAssurant | Financial Services | 0.14% | 0.92 | 2026-08-31 | +0.2% | +2.9% | +6.5% | +0.7% | +7.9% | +19.3% | +37.9% |
| GLGlobe Life | Financial Services | 0.14% | 1.09 | 2026-04-30 | -0.1% | +1.3% | +0.7% | -5.1% | +2.6% | +22.3% | +26.3% |
| PNWPinnacle West | Utilities | 0.12% | 1.30 | 2024-11-29 | +1.0% | +1.8% | +12.9% | -0.5% | +11.7% | +20.4% | +16.4% |
| UDRUDR, Inc. | Real Estate | 0.12% | 1.08 | 2024-11-29 | +1.8% | +3.6% | +4.1% | -9.1% | +4.9% | -0.6% | +0.6% |
| CPTCamden Property Trust | Real Estate | 0.11% | 1.12 | 2025-03-31 | +0.4% | +3.0% | +3.7% | -12.0% | +3.6% | -6.1% | +1.2% |
| FRTFederal Realty Investment Trust | Real Estate | 0.10% | 1.30 | 2026-01-30 | -0.7% | +0.8% | -2.3% | -15.2% | -1.3% | +9.4% | +10.8% |
Bottom quintile: the lowest-scoring stocks, used as the equal-weighted short leg of the spread.
| BEBloom Energy Corporation | Industrials | -3.00 | 2026-09-30 NEW | +7.1% | -0.3% | -13.3% | +43.0% | -13.9% | +174.5% | +118.7% |
|---|---|---|---|---|---|---|---|---|---|---|
| COHRCoherent, Inc. | Technology | -3.00 | 2026-03-31 | +2.5% | -9.8% | -21.0% | -2.4% | -17.5% | +28.7% | +97.6% |
| CTVA | — | -3.00 | 2026-09-30 NEW | -1.4% | -5.1% | +5.4% | -85.7% | +9.2% | -80.9% | -79.3% |
| DELLDell Technologies | Technology | -3.00 | 2024-09-30 | +5.3% | -4.2% | -11.5% | +24.1% | -9.5% | +290.1% | +233.3% |
| INTCIntel | Technology | -3.00 | 2023-06-30 | +1.4% | -5.3% | -24.2% | +7.7% | -22.7% | +151.9% | +144.0% |
| LITELumentum Holdings Inc. | Technology | -3.00 | 2026-03-31 | +3.4% | -5.1% | -9.2% | +30.5% | -12.4% | +130.8% | +428.4% |
| MRNAModerna | Healthcare | -3.00 | 2021-07-30 | +1.5% | +8.6% | +35.0% | +340.4% | +27.7% | +733.5% | +802.4% |
| MRVLMarvell Technology, Inc. | Technology | -3.00 | 2026-06-30 | +1.8% | -0.2% | -6.2% | +40.3% | -7.3% | +188.5% | +185.6% |
| MUMicron Technology | Technology | -3.00 | 2021-06-30 | +2.0% | -0.1% | -14.8% | +11.4% | -14.2% | +220.4% | +342.4% |
| SMCISupermicro | Technology | -3.00 | 2024-03-28 | +9.6% | -0.6% | -14.2% | +25.0% | -13.4% | +21.5% | -35.4% |
| SNDKSandisk Corporation | Technology | -3.00 | 2025-12-31 | +0.9% | -1.8% | -24.1% | +25.7% | -20.8% | +480.6% | +831.0% |
| TERTeradyne | Technology | -3.00 | 2024-03-28 | +2.6% | -3.9% | -11.2% | +7.8% | -13.8% | +78.7% | +148.7% |
| WDCWestern Digital | Technology | -3.00 | 2019-12-31 | +3.9% | +4.0% | -20.1% | -18.3% | -16.7% | +120.0% | +212.0% |
| STXSeagate Technology | Technology | -2.97 | 2025-04-30 | +3.2% | -2.3% | -24.5% | -6.7% | -24.4% | +153.9% | +227.0% |
| APPAppLovin Corporation | Technology | -2.85 | 2025-09-30 | -1.7% | +2.2% | -15.0% | -35.9% | -7.8% | -60.2% | -52.7% |
| AMDAdvanced Micro Devices | Technology | -2.82 | 2021-03-31 | +3.4% | -3.2% | -10.1% | +21.6% | -9.7% | +158.1% | +129.8% |
| GLWCorning Inc. | Technology | -2.80 | 2026-02-27 | +2.0% | -4.2% | -12.7% | +7.3% | -12.2% | +54.9% | +59.6% |
| CIENCiena Corporation | Technology | -2.79 | 2026-02-27 | +5.7% | +0.5% | +1.5% | +3.1% | +2.7% | +54.5% | +108.7% |
| COINCoinbase Global | Financial Services | -2.79 | 2025-05-30 | +3.6% | +2.4% | -10.6% | +5.5% | -5.0% | -21.7% | -48.5% |
| HOODRobinhood Markets, Inc. | Financial Services | -2.76 | 2025-09-30 | +3.8% | +0.8% | -16.9% | +9.9% | -9.4% | -9.9% | -24.9% |
| RDDTReddit, Inc. | Communication Services | -2.69 | 2026-08-31 | -1.5% | +3.1% | +0.9% | -14.1% | +7.6% | -33.3% | -24.3% |
| DDOGDatadog | Technology | -2.60 | 2025-07-31 | +6.5% | +1.4% | +8.6% | +8.8% | -0.3% | +100.8% | +74.7% |
| FLEXFlex Ltd. | Technology | -2.54 | 2026-06-30 | -1.4% | -14.1% | -23.2% | -23.9% | -21.6% | +42.8% | +37.5% |
| PEverpure, Inc. | Technology | -2.50 | 2026-09-30 NEW | +3.5% | -7.5% | +19.4% | +79.4% | +0.1% | +95.4% | +43.9% |
| VRTVertiv Holdings Co | Industrials | -2.32 | 2026-03-31 | +4.2% | -4.8% | -14.7% | -21.3% | -12.1% | +31.0% | +20.9% |
| LRCXLam Research | Technology | -2.23 | 2019-12-31 | -1.0% | -9.1% | -15.1% | -3.2% | -20.6% | +52.8% | +81.9% |
| ONON Semiconductor | Technology | -2.11 | 2022-06-30 | +1.8% | +4.9% | +3.8% | -8.8% | +0.1% | +42.1% | +40.2% |
| FICOFair Isaac | Technology | -2.08 | 2025-07-31 | -0.6% | +10.5% | -9.6% | -40.5% | +34.2% | -53.0% | -50.9% |
| CVNACarvana Co. | Consumer Cyclical | -2.05 | 2025-12-31 | -1.8% | +2.1% | -7.4% | -10.4% | -5.4% | -29.9% | -12.3% |
| AXONAxon Enterprise | Industrials | -2.03 | 2024-08-30 | +2.5% | -1.4% | -10.7% | -26.5% | -4.7% | -29.1% | -41.1% |
| KLACKLA Corporation | Technology | -1.92 | 2021-05-28 | +1.0% | -8.6% | -13.0% | -14.2% | -16.2% | +35.0% | +42.5% |
| AKAMAkamai Technologies | Technology | -1.91 | 2026-04-30 | +0.7% | -1.6% | -23.8% | -19.2% | -15.1% | +3.5% | +21.6% |
| PLTRPalantir Technologies | Technology | -1.91 | 2024-09-30 | +4.7% | +0.4% | +5.2% | +63.3% | +7.8% | +13.5% | +11.1% |
| AMATApplied Materials | Technology | -1.86 | 2021-05-28 | +1.0% | -8.4% | -13.8% | -14.1% | -20.0% | +59.7% | +80.2% |
| ALBAlbemarle Corporation | Basic Materials | -1.72 | 2021-03-31 | -1.4% | -3.6% | -16.7% | -16.2% | -10.7% | -32.6% | -0.6% |
| FISVFiserv, Inc. | Technology | -1.71 | 2025-10-31 | -0.1% | +4.7% | +4.9% | -11.1% | +6.7% | -28.2% | -61.2% |
| NOWServiceNow | Technology | -1.68 | 2026-01-30 | +2.4% | +9.4% | +8.8% | +38.4% | +14.3% | -0.1% | -16.6% |
| GNRCGenerac | Industrials | -1.67 | 2025-07-31 | +4.4% | +2.6% | +1.9% | +3.9% | -1.8% | +49.0% | +3.8% |
| HPEHewlett Packard Enterprise | Technology | -1.67 | 2026-05-29 | +3.7% | -7.8% | -6.7% | +27.9% | -8.9% | +145.0% | +158.9% |
| FIXComfort Systems USA, Inc. | Industrials | -1.61 | 2025-12-31 | +0.3% | -9.1% | -13.8% | -13.8% | -15.3% | +50.4% | +67.8% |
| ITGartner | Technology | -1.61 | 2025-11-28 | -0.0% | +12.2% | +23.0% | +40.9% | +17.7% | -13.0% | -8.3% |
| ORCLOracle Corporation | Technology | -1.61 | 2025-01-31 | -1.6% | -1.1% | -10.4% | +8.0% | -5.6% | -32.9% | -52.8% |
| QQnity Electronics, Inc. | Technology | -1.53 | 2026-08-31 | +1.5% | -1.2% | -3.5% | -6.0% | -4.4% | +47.4% | — |
| CRWDCrowdStrike | Technology | -1.49 | 2024-06-28 | +5.3% | -4.0% | -8.8% | +31.6% | -9.6% | +104.2% | +90.1% |
| FSLRFirst Solar | Energy | -1.49 | 2022-12-30 | +0.2% | -2.4% | -8.9% | -13.7% | -0.2% | -33.1% | -23.7% |
| MPWRMonolithic Power Systems | Technology | -1.48 | 2021-04-30 | +2.8% | +3.2% | -5.2% | +0.2% | -4.7% | +42.3% | +25.2% |
| QCOMQualcomm | Technology | -1.45 | 2026-05-29 | +1.3% | +3.1% | -9.8% | +9.8% | -3.3% | +5.7% | +8.8% |
| ANETArista Networks | Technology | -1.43 | 2023-05-31 | +1.7% | -5.7% | -9.4% | +8.6% | -9.5% | +40.7% | +25.8% |
| NCLHNorwegian Cruise Line Holdings | Consumer Cyclical | -1.43 | 2020-03-31 | -0.4% | +4.8% | +9.9% | -26.5% | +6.3% | -30.1% | -33.0% |
| WDAYWorkday, Inc. | Technology | -1.42 | 2026-04-30 | -0.5% | +7.5% | +5.5% | +27.1% | +6.6% | -5.5% | -15.8% |
| GEVGE Vernova | Utilities | -1.31 | 2025-01-31 | +4.0% | -1.7% | -2.7% | -1.8% | -2.6% | +41.9% | +56.1% |
| CHTRCharter Communications | Communication Services | -1.29 | 2026-04-30 | -2.5% | +2.0% | -8.0% | -23.4% | -3.3% | -48.6% | -57.4% |
| ECHOEchoStar Corporation | Communication Services | -1.29 | 2023-08-31 | +7.2% | +5.4% | -0.1% | +7.8% | +3.6% | -14.8% | +24.9% |
| SWKSSkyworks Solutions | Technology | -1.21 | 2026-06-30 | +1.1% | +6.9% | -10.1% | +27.1% | -3.8% | +32.4% | +11.5% |
| EXPEExpedia Group | Consumer Cyclical | -1.18 | 2019-12-31 | -5.0% | +4.0% | +10.3% | -3.3% | +8.5% | +1.4% | +31.9% |
| MCHPMicrochip Technology | Technology | -1.15 | 2024-08-30 | +1.7% | +8.3% | +2.1% | +2.5% | -0.8% | +23.1% | +18.0% |
| NEMNewmont | Basic Materials | -1.14 | 2026-01-30 | +0.3% | +5.0% | -5.2% | +28.3% | +1.6% | +18.1% | +24.6% |
| SKYDSkydance Corporation | Communication Services | -1.13 | 2025-08-29 | +10.8% | +11.5% | -19.3% | -2.0% | -22.2% | -40.4% | -52.8% |
| NXPINXP Semiconductors | Technology | -1.11 | 2024-08-30 | +2.0% | +9.8% | +2.9% | -6.0% | +2.0% | +13.1% | +12.2% |
| ZBRAZebra Technologies | Technology | -1.10 | 2025-05-30 | +1.8% | +3.8% | +5.4% | +37.5% | +4.7% | +61.0% | +29.7% |
| CCLCarnival | Consumer Cyclical | -1.09 | 2020-02-28 | +0.9% | +5.1% | +25.2% | -2.8% | +11.2% | -9.2% | -3.9% |
| INTUIntuit | Technology | -1.08 | 2026-05-29 | +0.1% | +8.1% | +17.6% | +7.7% | +22.3% | -48.6% | -48.8% |
| ILMNIllumina, Inc. | Healthcare | -1.07 | 2026-09-30 NEW | +5.6% | +4.1% | +10.8% | +46.6% | +3.4% | +115.7% | +184.3% |
| GDDYGoDaddy | Technology | -1.04 | 2026-07-31 | -0.5% | +4.7% | +12.3% | +5.1% | +13.3% | -12.8% | -18.3% |
| IBMIBM | Technology | -1.03 | 2026-07-31 | +3.9% | +10.3% | +8.0% | +11.3% | +14.3% | -13.4% | -9.0% |
| ELEstée Lauder Companies (The) | Consumer Defensive | -1.02 | 2023-07-31 | -2.3% | +2.0% | +4.9% | +22.7% | +11.7% | +0.0% | +2.5% |
| NRGNRG Energy | Utilities | -1.01 | 2024-11-29 | +2.0% | -1.0% | -0.9% | -21.5% | +4.3% | -36.7% | -39.5% |
| TPLTexas Pacific Land Corporation | Energy | -1.01 | 2024-11-29 | +0.6% | -2.9% | +2.5% | -11.4% | +5.7% | +20.4% | +11.0% |
| UALUnited Airlines Holdings | Industrials | -1.01 | 2020-03-31 | +4.0% | +2.7% | -8.2% | -17.9% | -8.4% | -9.1% | +0.4% |
| VSTVistra Corp. | Utilities | -1.01 | 2024-05-31 | +3.9% | +2.9% | +13.2% | +5.2% | +12.9% | -2.8% | -19.1% |
| DASHDoorDash | Communication Services | -1.00 | 2025-11-28 | -3.8% | +0.2% | -2.5% | -5.7% | +0.5% | -18.6% | -30.5% |
| FCXFreeport-McMoRan | Basic Materials | -0.98 | 2019-12-31 | +0.0% | -0.8% | -4.9% | +12.0% | -1.4% | +36.9% | +64.8% |
| RCLRoyal Caribbean Group | Consumer Cyclical | -0.97 | 2024-12-31 | +0.2% | +5.1% | +25.2% | -10.0% | +8.5% | +5.1% | -2.9% |
| AREAlexandria Real Estate Equities | Real Estate | -0.96 | 2026-04-30 | -0.9% | +1.8% | -17.3% | -20.6% | -11.0% | -9.8% | -41.6% |
| CNCCentene Corporation | Healthcare | -0.96 | 2025-07-31 | -0.8% | +0.1% | +13.1% | +9.9% | +13.1% | +70.7% | +97.2% |
| PANWPalo Alto Networks | Technology | -0.96 | 2026-09-30 NEW | +2.1% | -7.4% | -11.7% | +8.9% | -12.6% | +88.5% | +63.9% |
| CRMSalesforce | Technology | -0.95 | 2026-08-31 | -0.3% | +2.5% | +1.8% | +33.5% | +5.3% | -8.1% | -4.1% |
| CEGConstellation Energy | Utilities | -0.92 | 2024-03-28 | +4.6% | -3.1% | +2.6% | +4.4% | +6.6% | -23.0% | -26.4% |
| HUMHumana | Healthcare | -0.92 | 2024-10-31 | -0.5% | -0.5% | +13.5% | +9.4% | +11.5% | +67.3% | +51.4% |
| XYZBlock, Inc. | Technology | -0.92 | 2025-07-31 | +0.1% | +3.1% | +4.7% | -5.9% | +6.4% | +20.2% | +2.2% |
| FDSFactSet | Financial Services | -0.90 | 2026-06-30 | +2.5% | +10.4% | +14.5% | +13.1% | +18.5% | +11.8% | +12.1% |
| JBLJabil | Technology | -0.89 | 2026-07-31 | +1.4% | -4.4% | -9.0% | -7.2% | -2.1% | +23.3% | +37.9% |
| AVGOBroadcom | Technology | -0.87 | 2024-02-29 | +1.0% | -2.4% | -4.8% | -11.2% | -3.8% | -1.9% | -2.6% |
| APAAPA Corporation | Energy | -0.83 | 2024-09-30 | -0.5% | +4.8% | +13.6% | +42.1% | +19.5% | +107.7% | +128.4% |
| CDWCDW | Technology | -0.83 | 2026-08-31 | +2.1% | +5.5% | +8.3% | +10.4% | +23.5% | +18.1% | +3.9% |
| TSLATesla, Inc. | Consumer Cyclical | -0.83 | 2020-12-31 | +3.4% | +5.3% | +1.7% | +25.7% | +8.9% | -14.1% | -13.6% |
| CRLCharles River Laboratories | Healthcare | -0.82 | 2024-07-31 | +9.3% | +14.2% | +24.3% | +43.4% | +16.9% | +72.9% | +87.3% |
| HPQHP Inc. | Technology | -0.82 | 2026-09-30 NEW | +0.4% | +2.8% | -2.6% | +11.8% | +0.1% | +46.0% | +19.0% |
| APTVAptiv | Consumer Cyclical | -0.81 | 2026-08-31 | -1.6% | +1.2% | -1.8% | -25.4% | +3.1% | -41.7% | -46.8% |
| DVADaVita | Healthcare | -0.81 | 2026-08-31 | +0.8% | -2.1% | -3.5% | -26.2% | +1.1% | +55.6% | +38.1% |
| APHAmphenol | Technology | -0.80 | 2026-06-30 | -0.1% | -4.2% | -3.6% | +10.3% | -6.0% | +18.0% | +25.4% |
| TECHBio-Techne | Healthcare | -0.79 | 2024-05-31 | +0.1% | +0.2% | +0.2% | +0.9% | +0.2% | +24.1% | +16.8% |
| EMEEMCOR Group, Inc. | Industrials | -0.77 | 2026-07-31 | -0.5% | -6.2% | -7.0% | -0.9% | -7.3% | +14.5% | +0.1% |
| ACNAccenture | Technology | -0.76 | 2026-07-31 | +0.5% | +11.8% | +32.0% | +47.1% | +32.1% | -7.3% | +2.7% |
| MOSMosaic Company (The) | Basic Materials | -0.76 | 2026-03-31 | -1.0% | -7.0% | -27.5% | -22.8% | -18.3% | -24.6% | -38.0% |
| LULULululemon Athletica | Consumer Cyclical | -0.75 | 2024-03-28 | -3.4% | +2.6% | -5.6% | -19.8% | +0.4% | -53.5% | -44.0% |
| DECKDeckers Brands | Consumer Cyclical | -0.74 | 2024-03-28 | -2.1% | +3.2% | +8.8% | -17.7% | +9.4% | -17.5% | -14.7% |
| KEYSKeysight Technologies | Technology | -0.73 | 2026-09-30 NEW | +2.1% | -4.5% | -3.4% | +11.9% | -6.2% | +68.0% | +107.2% |
| PODDInsulet Corporation | Healthcare | -0.72 | 2026-08-31 | -0.5% | +5.9% | +4.0% | -15.3% | +8.8% | -50.1% | -56.6% |
| SWSmurfit WestRock | Consumer Cyclical | -0.72 | 2026-09-30 NEW | +0.7% | +1.7% | -10.8% | -17.6% | -6.0% | +10.4% | +2.4% |
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 Low volatility is defined
Ranked by negative standard deviation of daily total returns over 252 trading days, with at least 200 observations required.
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
Financial Services34.9% / 11.8%
Consumer Defensive15.8% / 4.8%
Utilities11.3% / 2.2%
Industrials10.0% / 7.2%
Healthcare8.3% / 9.1%
Real Estate7.3% / 1.6%
Energy5.1% / 3.3%
Consumer Cyclical4.2% / 9.1%
Basic Materials3.2% / 1.4%
Monthly portfolio changes
The last 12 rebalances of the long book. Turnover is the share of names newly added.
2026-09-30 2 added · 2 dropped
Added EG, ES
Dropped DGX, YUM
2026-08-31 3 added · 3 dropped
Added AIZ, EXR, GWW
Dropped AVB, EA, WMB
2026-07-31 6 added · 6 dropped
Added IEX, KEY, MET, NEE, OTIS, PFE
Dropped CTVA, EQIX, ICE, MO, ORLY, PGR
2026-06-30 6 added · 6 dropped
Added CTVA, EQIX, HLT, LH, ORLY, WMB
Dropped AAPL, DLR, HON, SYK, T, VZ
2026-05-29 7 added · 7 dropped
Added AAPL, AWK, CSX, DGX, EA, PRU, VZ
Dropped CBOE, MNST, MSI, ORLY, RMD, WMB, WMT
2026-04-30 15 added · 15 dropped
Added BAC, CVX, GL, HON, JPM, MTB, NDSN, PFG, PGR, PLD, PNC, RMD, SPG, USB, WMB
Dropped ABT, ADP, AWK, CLX, CSX, DGX, EW, GIS, HD, JKHY, MRSH, ROL, SCHW, TSN, VZ
2026-03-31 6 added · 6 dropped
Added DLR, ESS, JKHY, SCHW, VZ, WMT
Dropped AON, AZO, DOC, LHX, SHW, SYY
2026-02-27 7 added · 7 dropped
Added ACGL, CLX, GIS, SHW, SNA, SRE, YUM
Dropped BR, COR, JKHY, MCK, ROP, STE, WTW
2026-01-30 7 added · 7 dropped
Added AWK, BNY, CINF, DOC, EW, FRT, KMI
Dropped CLX, GIS, GWW, MLM, TDY, VZ, XOM
2025-12-31 3 added · 3 dropped
Added CSX, CTAS, KIM
Dropped BSX, CSCO, K
2025-11-28 9 added · 9 dropped
Added AME, ETR, GWW, MCK, MLM, MNST, MSI, NSC, VMRK
Dropped AIG, BNY, KIM, KMB, LH, MKC, NWSA, SPGI, YUM
2025-10-31 6 added · 6 dropped
Added BNY, D, KIM, TRV, UNP, XOM
Dropped AJG, AME, AVY, MSI, NDAQ, VRSK