Momentum ↗
Stocks with the strongest prior price performance, excluding the most recent month.
Systematic factor / S&P 500
Value
Stocks priced cheaply relative to their earnings, book equity, and sales.
1 day vs S&P 500-0.2%relative return
20 days vs S&P 500+5.0%relative return
5-day z-score-1.22σrelative move vs trailing history
Year to date+21.5%long portfolio return
Performance
Value 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 | -0.4% | +1.2% | +3.3% | +0.5% | +1.6% | +21.5% | +25.7% |
| vs S&P 500 | -0.2% | -2.3% | +5.0% | +1.4% | +1.0% | +7.4% | +10.8% |
| Q5 − Q1 spread | -0.5% | -5.2% | +7.7% | +5.9% | +1.7% | +5.5% | +9.6% |
Inside the factor
Rebalanced 2026-10-30 · 11% of the long book is new.
Top quintile: the highest-scoring stocks. Weights below are for the cap-weighted long portfolio.
| BACBank of America | Financial Services | 5.00% | 1.17 | 2022-02-28 | -0.2% | +1.6% | -2.2% | -19.5% | +1.1% | -6.6% | -3.7% |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WFCWells Fargo | Financial Services | 5.00% | 1.00 | 2025-02-28 | +0.0% | +1.8% | +4.3% | +0.4% | +3.5% | -5.9% | +1.8% |
| CCitigroup | Financial Services | 4.42% | 1.51 | 2019-12-31 | -0.1% | +4.7% | +1.2% | -6.1% | +1.7% | +8.5% | +25.7% |
| VZVerizon | Communication Services | 3.98% | 0.89 | 2025-02-28 | -0.0% | +1.0% | +4.9% | -4.2% | +4.2% | +22.0% | +22.1% |
| TAT&T | Communication Services | 3.12% | 1.19 | 2025-10-31 | -0.4% | +1.6% | -5.7% | -10.8% | +3.5% | -6.5% | -7.8% |
| CBChubb Limited | Financial Services | 2.96% | 0.60 | 2025-07-31 | +0.9% | +0.5% | +5.9% | +9.9% | +2.6% | +20.8% | +29.3% |
| COFCapital One | Financial Services | 2.69% | 1.21 | 2026-02-27 | -1.6% | -4.8% | -2.4% | -12.1% | -5.3% | -19.0% | -10.7% |
| MCKMcKesson Corporation | Healthcare | 2.49% | 2.06 | 2021-11-30 | -0.3% | +0.4% | +7.8% | +26.2% | +8.2% | +31.6% | +26.2% |
| CVSCVS Health | Healthcare | 2.46% | 1.87 | 2019-12-31 | +0.5% | +10.6% | -2.1% | -3.3% | -0.3% | +16.8% | +16.1% |
| VLOValero Energy | Energy | 2.40% | 1.12 | 2026-10-30 NEW | +3.9% | +7.6% | -14.9% | +9.2% | -5.4% | +135.6% | +113.4% |
| PSXPhillips 66 | Energy | 2.37% | 1.26 | 2021-07-30 | +2.4% | +7.2% | -8.4% | +9.3% | -6.3% | +109.6% | +93.6% |
| PNCPNC Financial Services | Financial Services | 1.97% | 0.79 | 2025-02-28 | -0.4% | +1.8% | +7.4% | -5.4% | +1.4% | +14.3% | +29.1% |
| USBU.S. Bancorp | Financial Services | 1.97% | 0.97 | 2023-03-31 | -0.4% | +1.1% | +5.3% | -2.9% | +1.6% | +16.5% | +31.8% |
| ELVElevance Health | Healthcare | 1.93% | 1.27 | 2024-09-30 | +0.1% | -0.4% | +0.4% | +8.4% | +2.4% | +24.5% | +39.1% |
| CMCSAComcast | Communication Services | 1.77% | 2.26 | 2024-02-29 | -0.9% | -0.6% | +13.9% | -5.3% | +6.8% | -6.7% | -4.8% |
| TRVTravelers Companies (The) | Financial Services | 1.73% | 0.71 | 2025-07-31 | +1.5% | +0.6% | +5.6% | +12.3% | +2.3% | +41.3% | +43.9% |
| CICigna | Healthcare | 1.67% | 2.11 | 2020-04-30 | -1.9% | -1.9% | -1.1% | +7.1% | -0.9% | +9.2% | +12.8% |
| GMGeneral Motors | Consumer Cyclical | 1.61% | 1.79 | 2019-12-31 | -2.4% | -2.9% | +3.7% | +2.3% | -0.8% | +7.4% | +22.8% |
| FDXFedEx | Industrials | 1.56% | 0.70 | 2026-06-30 | -0.3% | +1.5% | +8.8% | -1.7% | +2.6% | +39.3% | +51.1% |
| TGTTarget Corporation | Consumer Defensive | 1.49% | 0.65 | 2024-11-29 | -1.1% | +2.6% | +3.5% | +2.0% | +5.0% | +70.4% | +84.2% |
| HONHoneywell | Industrials | 1.46% | 0.61 | 2026-07-31 | -1.6% | +3.9% | +6.5% | +1.1% | +2.6% | +11.0% | +8.7% |
| ALLAllstate | Financial Services | 1.41% | 1.34 | 2024-10-31 | +1.8% | +0.1% | +11.4% | +3.2% | +2.7% | +30.1% | +31.2% |
| METMetLife | Financial Services | 1.38% | 0.61 | 2024-11-29 | -0.8% | +2.4% | +2.4% | +8.0% | +2.7% | +32.9% | +34.8% |
| OXYOccidental Petroleum | Energy | 1.35% | 1.11 | 2026-05-29 | +2.6% | +4.2% | -3.2% | -1.8% | -8.2% | +44.9% | +43.2% |
| CORCencora | Healthcare | 1.35% | 1.03 | 2021-10-29 | -0.2% | +2.8% | +2.3% | +10.1% | +5.5% | +4.0% | -3.6% |
| CAHCardinal Health | Healthcare | 1.25% | 1.89 | 2020-11-30 | +0.1% | +3.7% | +9.5% | +18.6% | +10.9% | +36.4% | +36.9% |
| TFCTruist Financial | Financial Services | 1.24% | 1.37 | 2025-02-28 | -0.5% | +0.4% | +7.4% | -1.9% | +2.5% | +4.8% | +15.1% |
| DALDelta Air Lines | Industrials | 1.11% | 0.79 | 2023-07-31 | -4.9% | +1.7% | +11.2% | +4.5% | +8.3% | +26.5% | +52.0% |
| HUMHumana | Healthcare | 1.05% | 1.18 | 2023-12-29 | -1.1% | +7.2% | +2.4% | +17.0% | +6.5% | +74.0% | +83.7% |
| DVNDevon Energy | Energy | 1.04% | 0.86 | 2024-07-31 | +3.3% | +8.3% | -5.7% | -3.0% | -11.0% | +29.1% | +35.4% |
| FFord Motor Company | Consumer Cyclical | 1.03% | 1.13 | 2019-12-31 | -2.6% | -3.6% | -1.9% | -16.8% | -1.4% | -4.8% | -6.1% |
| PYPLPayPal | Financial Services | 1.02% | 0.79 | 2025-12-31 | -1.4% | -0.6% | +2.6% | -4.1% | +2.8% | +1.3% | -12.1% |
| EXCExelon | Utilities | 1.01% | 0.53 | 2026-06-30 | +0.4% | -1.5% | +7.9% | +2.1% | -0.7% | +8.0% | +3.6% |
| STTState Street Corporation | Financial Services | 0.99% | 0.74 | 2026-10-30 NEW | -0.1% | +5.2% | +3.8% | -5.9% | +2.4% | +38.0% | +49.1% |
| AIGAmerican International Group | Financial Services | 0.92% | 1.10 | 2025-08-29 | -0.2% | +2.1% | +4.5% | +9.9% | +0.9% | -1.5% | +11.2% |
| KRKroger | Consumer Defensive | 0.85% | 1.00 | 2023-06-30 | +0.2% | +0.3% | +11.1% | +23.8% | +4.3% | +13.4% | +9.6% |
| DHID. R. Horton | Consumer Cyclical | 0.85% | 0.78 | 2024-10-31 | -1.9% | -8.3% | +3.6% | -4.8% | -0.9% | +1.3% | -0.4% |
| CCLCarnival | Consumer Cyclical | 0.83% | 0.54 | 2026-07-31 | -4.2% | -0.1% | +11.6% | +10.7% | +2.5% | -1.7% | +12.1% |
| PRUPrudential Financial | Financial Services | 0.80% | 1.93 | 2024-02-29 | -0.3% | +0.1% | +5.4% | +1.5% | +5.3% | +12.9% | +21.0% |
| ADMArcher Daniels Midland | Consumer Defensive | 0.79% | 1.34 | 2019-12-31 | +1.0% | +1.7% | -13.6% | -11.3% | -6.8% | +27.2% | +28.0% |
| HIGHartford (The) | Financial Services | 0.78% | 1.22 | 2025-06-30 | +0.2% | +0.2% | +3.5% | +0.4% | +3.6% | +1.1% | +6.6% |
| ACGLArch Capital Group | Financial Services | 0.77% | 1.27 | 2024-02-29 | +0.6% | -0.7% | +10.6% | +11.5% | +3.2% | +14.5% | +21.1% |
| MTBM&T Bank | Financial Services | 0.73% | 1.01 | 2022-12-30 | -0.0% | +0.2% | +0.7% | -9.4% | -0.2% | +11.5% | +21.3% |
| EQTEQT Corporation | Energy | 0.73% | 0.79 | 2026-04-30 | +0.3% | +4.4% | +1.1% | -1.1% | -4.2% | -0.2% | -11.8% |
| UALUnited Airlines Holdings | Industrials | 0.72% | 1.69 | 2023-02-28 | -5.6% | +1.1% | +10.3% | -3.5% | +7.2% | -0.1% | +17.7% |
| CNCCentene Corporation | Healthcare | 0.71% | 1.85 | 2020-05-29 | -0.5% | -5.4% | -0.5% | +8.4% | +2.5% | +70.5% | +98.4% |
| HBANHuntington Bancshares | Financial Services | 0.67% | 1.24 | 2022-11-30 | -0.9% | +0.8% | +2.5% | -7.4% | -0.2% | -6.6% | +3.4% |
| RJFRaymond James Financial | Financial Services | 0.64% | 0.59 | 2026-10-30 NEW | +0.5% | +1.9% | +6.8% | -5.2% | +6.9% | +6.1% | +4.2% |
| DGDollar General | Consumer Defensive | 0.62% | 0.67 | 2026-03-31 | -1.9% | -2.3% | +0.7% | +10.7% | +1.9% | +3.5% | +32.0% |
| CTSHCognizant | Technology | 0.62% | 0.83 | 2026-02-27 | +0.0% | -3.2% | -2.0% | +5.7% | -1.0% | -21.0% | -9.9% |
| PCGPG&E Corporation | Utilities | 0.61% | 1.80 | 2025-01-31 | -0.8% | -1.8% | +0.3% | -26.1% | -1.4% | -18.3% | -20.6% |
| CINFCincinnati Financial | Financial Services | 0.59% | 0.88 | 2025-10-31 | +0.5% | +1.3% | +14.1% | +13.9% | +5.3% | +18.8% | +17.4% |
| CFGCitizens Financial Group | Financial Services | 0.57% | 1.17 | 2019-12-31 | -0.7% | +1.7% | +3.2% | -7.5% | +1.8% | +14.4% | +27.9% |
| VICIVici Properties | Real Estate | 0.57% | 1.18 | 2025-06-30 | -0.2% | -1.2% | +6.1% | -3.8% | +1.8% | -6.8% | -13.1% |
| FISVFiserv, Inc. | Technology | 0.56% | 1.69 | 2025-10-31 | -2.9% | -1.1% | +31.5% | +19.2% | +24.1% | -7.6% | -3.4% |
| HPQHP Inc. | Technology | 0.56% | 2.18 | 2019-12-31 | -0.2% | -1.8% | -6.3% | -2.5% | +0.4% | +34.7% | +22.8% |
| RFRegions Financial Corporation | Financial Services | 0.52% | 1.01 | 2019-12-31 | -0.3% | +0.5% | +4.6% | -5.7% | -0.0% | +8.5% | +18.6% |
| FOXAFox Corporation (Class A) | Communication Services | 0.51% | 0.58 | 2026-10-30 NEW | -2.5% | -2.1% | +3.6% | -2.1% | +4.8% | -8.9% | +0.2% |
| PFGPrincipal Financial Group | Financial Services | 0.51% | 0.71 | 2026-10-30 NEW | -1.2% | +0.4% | +4.0% | +2.2% | +1.5% | +31.6% | +38.9% |
| SYFSynchrony Financial | Financial Services | 0.51% | 1.45 | 2021-07-30 | -0.4% | -3.1% | -2.7% | -9.5% | -4.4% | -12.5% | -1.9% |
| PHMPulteGroup | Consumer Cyclical | 0.49% | 0.76 | 2020-10-30 | -1.8% | -6.0% | +12.5% | -2.5% | +1.9% | +9.1% | +5.8% |
| EIXEdison International | Utilities | 0.48% | 1.58 | 2025-01-31 | +0.4% | -1.2% | +8.1% | -16.8% | +2.3% | +5.8% | +9.8% |
| LLoews Corporation | Financial Services | 0.48% | 1.26 | 2019-12-31 | +0.6% | +0.9% | +3.1% | +0.9% | +0.8% | +6.7% | +8.4% |
| KEYKeyCorp | Financial Services | 0.48% | 1.16 | 2025-11-28 | -0.7% | +1.6% | +6.8% | -2.7% | +0.8% | +6.2% | +22.6% |
| SWSmurfit WestRock | Consumer Cyclical | 0.48% | 0.83 | 2025-09-30 | -1.3% | -2.4% | +5.4% | -10.8% | +0.8% | +15.7% | +26.4% |
| AMCRAmcor | Consumer Cyclical | 0.47% | 0.62 | 2026-08-31 | -0.8% | -3.9% | +0.7% | -5.8% | -7.0% | +10.4% | +10.5% |
| LYBLyondellBasell | Basic Materials | 0.47% | 0.90 | 2026-10-30 NEW | +3.0% | +4.6% | +2.9% | -1.4% | -6.1% | +53.8% | +56.4% |
| TROWT. Rowe Price | Financial Services | 0.47% | 0.75 | 2026-07-31 | -1.5% | +0.3% | +7.6% | -1.6% | +5.0% | +10.8% | +10.7% |
| EXEExpand Energy | Energy | 0.44% | 1.69 | 2026-02-27 | -0.0% | +3.8% | -2.4% | -7.7% | -2.1% | -18.3% | -23.6% |
| LENLennar | Consumer Cyclical | 0.44% | 1.67 | 2019-12-31 | -2.9% | -8.5% | +7.8% | -3.4% | -3.6% | -16.7% | -31.7% |
| LUVSouthwest Airlines | Industrials | 0.44% | 0.65 | 2026-10-30 NEW | -2.8% | +1.7% | +10.7% | +9.6% | +6.5% | +10.8% | +43.8% |
| BBYBest Buy | Consumer Cyclical | 0.43% | 0.82 | 2024-09-30 | -1.7% | +4.0% | +9.8% | +17.1% | +8.1% | +60.6% | +40.2% |
| FISFidelity National Information Services | Technology | 0.42% | 1.49 | 2026-05-29 | -5.6% | -3.0% | -21.1% | -29.1% | -26.0% | -55.7% | -55.4% |
| SMCISupermicro | Technology | 0.42% | 2.07 | 2026-06-30 | -9.3% | +1.9% | -21.3% | -24.6% | -16.2% | -5.7% | -28.9% |
| CFCF Industries | Basic Materials | 0.40% | 0.63 | 2026-09-30 | +1.8% | +5.8% | +4.7% | +5.4% | +1.7% | +64.6% | +53.0% |
| BGBunge Global | Consumer Defensive | 0.40% | 2.33 | 2023-03-31 | +0.6% | +2.4% | -5.7% | -11.5% | +4.4% | +15.3% | +7.3% |
| FSLRFirst Solar | Energy | 0.40% | 0.80 | 2026-09-30 | -2.4% | -11.2% | -2.8% | -21.9% | -0.4% | -33.5% | -34.2% |
| LDOSLeidos | Technology | 0.38% | 0.56 | 2026-05-29 | -2.0% | -3.4% | +5.8% | -10.1% | -8.3% | -26.6% | -33.1% |
| BENFranklin Resources | Financial Services | 0.35% | 0.63 | 2026-10-30 NEW | -1.5% | +11.0% | +13.9% | +6.3% | +13.0% | +54.9% | +64.4% |
| TSNTyson Foods | Consumer Defensive | 0.34% | 2.24 | 2019-12-31 | -1.1% | -1.5% | +9.6% | +2.1% | +3.8% | +3.6% | +10.4% |
| EGEverest Group | Financial Services | 0.33% | 1.90 | 2023-06-30 | +0.0% | +1.4% | +11.1% | +17.1% | +3.1% | +27.1% | +33.8% |
| TXTTextron | Industrials | 0.31% | 0.83 | 2026-05-29 | -1.5% | -0.7% | +12.7% | -1.8% | -1.2% | -2.8% | +2.8% |
| AIZAssurant | Financial Services | 0.31% | 0.66 | 2023-12-29 | +0.0% | +5.4% | +14.7% | +16.6% | +10.4% | +35.7% | +45.5% |
| SOLVSolventum | Healthcare | 0.30% | 0.69 | 2026-10-30 NEW | +0.4% | +2.0% | +1.2% | +1.3% | +9.4% | +12.2% | +20.4% |
| CHTRCharter Communications | Communication Services | 0.28% | 3.17 | 2025-05-30 | -2.5% | +5.5% | +20.8% | -12.9% | +19.1% | -36.4% | -36.5% |
| MKCMcCormick & Company | Consumer Defensive | 0.27% | 1.11 | 2026-03-31 | -0.8% | -7.0% | +1.9% | -16.7% | -1.5% | -29.6% | -26.6% |
| LULULululemon Athletica | Consumer Cyclical | 0.27% | 1.02 | 2026-05-29 | -2.8% | -6.5% | +5.5% | -12.5% | -2.6% | -49.7% | -38.5% |
| GLGlobe Life | Financial Services | 0.26% | 0.78 | 2026-07-31 | -0.9% | +0.7% | -4.3% | -6.3% | +0.8% | +15.6% | +22.2% |
| HIIHuntington Ingalls Industries | Industrials | 0.26% | 0.61 | 2026-08-31 | -1.2% | +7.1% | +16.0% | -0.1% | -2.1% | -7.7% | -2.8% |
| DVADaVita | Healthcare | 0.25% | 1.08 | 2026-08-31 | -3.6% | -9.2% | -6.5% | -0.2% | -5.6% | +55.7% | +44.7% |
| AESAES Corporation | Utilities | 0.23% | 1.38 | 2024-10-31 | +0.0% | +0.2% | +0.9% | +2.7% | +0.6% | +9.2% | +9.7% |
| ALBAlbemarle Corporation | Basic Materials | 0.23% | 0.57 | 2026-10-30 NEW | -0.9% | -3.3% | -3.1% | -28.9% | +4.5% | -32.2% | -7.4% |
| UHSUniversal Health Services | Healthcare | 0.22% | 2.00 | 2024-10-31 | -0.8% | -1.7% | +4.2% | +13.4% | +10.8% | -10.2% | -12.7% |
| APTVAptiv | Consumer Cyclical | 0.20% | 1.38 | 2026-08-31 | -1.5% | -5.0% | -14.1% | -20.7% | -11.7% | -49.0% | -52.4% |
| SKYDSkydance Corporation | Communication Services | 0.19% | 1.48 | 2025-12-31 | -2.6% | -5.6% | +6.0% | -27.1% | -3.2% | -41.8% | -53.2% |
| NCLHNorwegian Cruise Line Holdings | Consumer Cyclical | 0.17% | 1.14 | 2026-07-31 | -3.2% | +2.6% | +18.4% | +5.1% | +3.7% | -18.4% | -3.2% |
| WYNNWynn Resorts | Consumer Cyclical | 0.16% | 0.59 | 2026-10-30 NEW | -2.9% | +4.6% | +7.8% | -17.1% | +11.1% | -30.6% | -33.6% |
| MGMMGM Resorts | Consumer Cyclical | 0.16% | 1.53 | 2026-08-31 | -0.9% | +2.0% | +12.6% | -23.2% | +10.8% | -9.1% | +0.9% |
| MOSMosaic Company (The) | Basic Materials | 0.12% | 1.32 | 2022-05-31 | -3.2% | -1.1% | +16.5% | +0.2% | +20.1% | -5.8% | -11.0% |
| BRK-BBerkshire Hathaway | Financial Services | 0.02% | 3.17 | 2019-12-31 | +0.4% | +3.2% | +12.3% | +18.2% | +8.8% | +17.5% | +18.8% |
Bottom quintile: the lowest-scoring stocks, used as the equal-weighted short leg of the spread.
| LITELumentum Holdings Inc. | Technology | -1.45 | 2026-03-31 | -3.0% | +23.4% | -27.7% | -24.0% | -25.2% | +70.6% | +149.1% |
|---|---|---|---|---|---|---|---|---|---|---|
| MRNAModerna | Healthcare | -1.44 | 2025-12-31 | -6.3% | -3.5% | -1.5% | +33.6% | +5.1% | +690.1% | +782.2% |
| GILDGilead Sciences | Healthcare | -1.25 | 2026-08-31 | -0.4% | +0.9% | +7.4% | +15.2% | -1.0% | +40.2% | +41.3% |
| CRWDCrowdStrike | Technology | -1.13 | 2024-06-28 | -0.0% | +5.5% | -6.3% | +13.6% | -8.5% | +95.5% | +64.6% |
| DDOGDatadog | Technology | -1.08 | 2025-07-31 | -0.0% | +5.6% | -30.8% | -21.1% | -21.7% | +35.5% | -6.8% |
| TTWOTake-Two Interactive | Technology | -1.07 | 2023-05-31 | -1.4% | +6.9% | +8.9% | -3.8% | +19.9% | -11.0% | -5.3% |
| INTCIntel | Technology | -1.05 | 2026-04-30 | -0.9% | +18.5% | -35.1% | -33.3% | -5.9% | +67.8% | +63.4% |
| PLTRPalantir Technologies | Technology | -1.05 | 2024-09-30 | -0.6% | +10.6% | -14.5% | -2.1% | -6.9% | -3.5% | -10.2% |
| PEverpure, Inc. | Technology | -1.04 | 2026-09-30 | +3.1% | +17.5% | -17.7% | -2.0% | -13.5% | +63.9% | +25.5% |
| TSLATesla, Inc. | Consumer Cyclical | -1.04 | 2020-12-31 | -0.1% | +13.6% | +7.7% | +11.2% | -2.3% | -13.2% | -11.2% |
| BEBloom Energy Corporation | Industrials | -1.03 | 2026-09-30 | -2.9% | +21.4% | -13.9% | -1.6% | +0.1% | +134.1% | +60.0% |
| PANWPalo Alto Networks | Technology | -1.03 | 2023-06-30 | -3.5% | +2.6% | -12.8% | -10.3% | -11.8% | +75.2% | +47.9% |
| CRLCharles River Laboratories | Healthcare | -1.02 | 2026-05-29 | -0.4% | +9.1% | +11.5% | +17.8% | -5.0% | +71.2% | +96.8% |
| IBKRInteractive Brokers Group | Financial Services | -1.01 | 2025-08-29 | -0.8% | +12.6% | -4.9% | -9.5% | +6.4% | +27.7% | +16.0% |
| CARRCarrier Global | Industrials | -1.00 | 2026-10-30 NEW | +0.0% | +2.6% | -0.3% | -10.4% | +1.8% | +4.9% | -2.7% |
| AMDAdvanced Micro Devices | Technology | -0.98 | 2025-06-30 | +6.2% | +45.1% | +4.4% | +25.8% | +16.3% | +174.0% | +147.1% |
| AXONAxon Enterprise | Industrials | -0.95 | 2023-05-31 | -2.7% | -19.8% | -26.4% | -52.5% | -28.2% | -46.0% | -46.4% |
| MPWRMonolithic Power Systems | Technology | -0.94 | 2026-01-30 | -2.1% | +28.0% | +15.9% | +11.6% | +19.5% | +60.6% | +52.7% |
| CDNSCadence Design Systems | Technology | -0.90 | 2020-03-31 | +0.8% | +6.5% | +2.3% | +5.3% | +1.2% | +6.1% | +4.2% |
| CIENCiena Corporation | Technology | -0.89 | 2026-02-27 | -0.3% | +27.8% | -17.2% | -26.1% | -8.0% | +26.2% | +42.2% |
| LLYLilly (Eli) | Healthcare | -0.88 | 2021-05-28 | -0.2% | +5.1% | +14.6% | +12.0% | +1.2% | +34.1% | +46.0% |
| ABBVAbbVie | Healthcare | -0.87 | 2023-02-28 | +0.1% | +2.4% | +4.2% | +11.7% | +0.1% | +33.1% | +35.1% |
| ANETArista Networks | Technology | -0.87 | 2021-10-29 | +4.9% | +29.6% | +11.2% | +10.7% | +22.2% | +57.5% | +52.9% |
| FTNTFortinet | Technology | -0.87 | 2024-08-30 | +1.2% | +5.9% | -28.7% | -15.2% | -4.7% | +63.3% | +55.0% |
| MRVLMarvell Technology, Inc. | Technology | -0.87 | 2026-06-30 | -1.6% | +24.3% | -31.2% | -30.0% | -15.5% | +95.7% | +86.2% |
| APDAir Products | Basic Materials | -0.86 | 2026-07-31 | +0.3% | +2.1% | +6.6% | +4.9% | -0.1% | +31.4% | +23.8% |
| MRKMerck & Co. | Healthcare | -0.86 | 2026-08-31 | +0.4% | +0.6% | +1.8% | -2.3% | -1.1% | +43.3% | +67.3% |
| ARESAres Management Corporation | Financial Services | -0.85 | 2026-08-31 | -2.8% | +0.2% | +17.6% | -5.3% | +4.6% | -14.2% | -9.3% |
| COINCoinbase Global | Financial Services | -0.85 | 2026-07-31 | -3.1% | -3.5% | -28.2% | -17.6% | -8.0% | -41.6% | -56.6% |
| KLACKLA Corporation | Technology | -0.84 | 2023-10-31 | -1.7% | +22.0% | -9.2% | -15.5% | +0.3% | +30.8% | +33.7% |
| AAPLApple Inc. | Technology | -0.83 | 2021-11-30 | -0.0% | +3.3% | +4.0% | +12.2% | +3.2% | +31.1% | +29.5% |
| AVGOBroadcom | Technology | -0.82 | 2023-05-31 | +5.6% | +25.0% | +5.9% | +0.7% | +11.8% | +5.9% | +4.3% |
| ELEstée Lauder Companies (The) | Consumer Defensive | -0.82 | 2025-01-31 | -2.2% | +2.0% | +2.5% | +12.4% | +0.5% | +6.0% | +22.6% |
| MCHPMicrochip Technology | Technology | -0.82 | 2025-02-28 | -0.3% | -4.5% | -16.6% | -19.2% | -19.9% | -1.2% | +16.1% |
| NOWServiceNow | Technology | -0.82 | 2019-12-31 | -1.8% | -1.4% | -32.0% | -20.6% | -4.0% | -34.1% | -41.3% |
| TPLTexas Pacific Land Corporation | Energy | -0.82 | 2024-11-29 | +0.2% | +3.6% | -18.6% | -24.3% | -15.0% | -1.4% | -14.1% |
| IDXXIdexx Laboratories | Healthcare | -0.81 | 2019-12-31 | -0.4% | +4.4% | +27.9% | +24.5% | +27.0% | +3.5% | -1.7% |
| ISRGIntuitive Surgical | Healthcare | -0.81 | 2019-12-31 | -1.7% | -5.6% | +3.3% | +11.2% | +2.3% | -21.9% | -22.7% |
| CTASCintas | Industrials | -0.80 | 2021-10-29 | +0.6% | +1.0% | +7.3% | +12.6% | +4.0% | +22.5% | +24.3% |
| MTDMettler Toledo | Healthcare | -0.80 | 2026-07-31 | -0.9% | +3.2% | +5.8% | +21.6% | +3.5% | +24.3% | +20.0% |
| VVisa Inc. | Financial Services | -0.80 | 2019-12-31 | -0.8% | +0.1% | +5.8% | +15.7% | +2.3% | +21.3% | +25.8% |
| BXBlackstone Inc. | Financial Services | -0.79 | 2023-09-29 | -2.3% | -0.5% | +10.2% | -17.0% | +1.6% | -19.4% | -14.4% |
| IRMIron Mountain | Real Estate | -0.79 | 2022-03-31 | +1.6% | +8.2% | +1.3% | -5.8% | -2.0% | +40.8% | +16.7% |
| MAMastercard | Financial Services | -0.79 | 2019-12-31 | -0.8% | -0.1% | +6.3% | +14.4% | +2.7% | +15.5% | +18.1% |
| MSIMotorola Solutions | Technology | -0.79 | 2023-02-28 | -0.3% | +3.2% | +16.9% | +11.2% | +8.5% | +40.3% | +37.7% |
| TXNTexas Instruments | Technology | -0.79 | 2024-04-30 | +0.8% | +12.3% | +12.4% | +17.3% | +3.8% | +83.9% | +99.8% |
| EQIXEquinix | Real Estate | -0.78 | 2019-12-31 | +0.7% | +7.9% | +8.0% | -0.1% | +6.1% | +42.6% | +33.9% |
| LRCXLam Research | Technology | -0.78 | 2025-09-30 | -1.3% | +25.7% | -16.1% | -24.1% | -2.6% | +36.4% | +46.9% |
| LYVLive Nation Entertainment | Communication Services | -0.78 | 2026-07-31 | +0.3% | -0.3% | +4.7% | -1.9% | +1.6% | +26.8% | +27.4% |
| STXSeagate Technology | Technology | -0.78 | 2026-01-30 | -1.5% | +16.5% | -21.3% | -34.7% | -15.7% | +98.0% | +89.8% |
| VRTVertiv Holdings Co | Industrials | -0.78 | 2026-03-31 | +1.7% | +18.8% | -2.2% | -19.6% | -9.7% | +29.7% | +17.4% |
| FASTFastenal | Industrials | -0.77 | 2023-02-28 | +0.1% | +5.1% | +10.8% | +8.6% | +7.0% | +41.5% | +37.6% |
| HWMHowmet Aerospace | Industrials | -0.76 | 2024-07-31 | -0.1% | +11.5% | +2.0% | -21.0% | +12.4% | +9.4% | +7.4% |
| MNSTMonster Beverage | Consumer Defensive | -0.76 | 2025-02-28 | +0.5% | -4.6% | +0.6% | -3.8% | -3.6% | +19.0% | +26.9% |
| VEEVVeeva Systems Inc. | Healthcare | -0.76 | 2026-08-31 | -0.8% | -2.5% | -3.4% | +20.5% | -3.4% | +35.4% | +1.1% |
| WSTWest Pharmaceutical Services | Healthcare | -0.76 | 2026-04-30 | -0.2% | +5.0% | +7.6% | +16.8% | -0.1% | +50.1% | +49.0% |
| DASHDoorDash | Communication Services | -0.75 | 2025-03-31 | -3.0% | -3.9% | -10.5% | -21.5% | -3.4% | -23.7% | -13.9% |
| ILMNIllumina, Inc. | Healthcare | -0.74 | 2026-09-30 | -1.2% | +1.1% | -21.5% | +2.6% | -10.9% | +60.3% | +71.5% |
| ROKRockwell Automation | Industrials | -0.74 | 2025-05-30 | -0.2% | +6.4% | -3.9% | -6.4% | -7.0% | +5.2% | +4.8% |
| ADIAnalog Devices | Technology | -0.73 | 2025-08-29 | +0.1% | +13.5% | +1.4% | +10.1% | -1.8% | +52.4% | +77.7% |
| MCOMoody's Corporation | Financial Services | -0.73 | 2019-12-31 | -1.2% | -1.3% | +5.1% | +2.3% | +2.9% | +0.2% | +4.0% |
| TECHBio-Techne | Healthcare | -0.73 | 2025-06-30 | +0.1% | +0.3% | +0.5% | +0.6% | +0.3% | +24.4% | +23.8% |
| ABNBAirbnb | Consumer Cyclical | -0.72 | 2025-12-31 | -0.2% | +6.2% | +3.7% | -3.0% | +10.0% | +33.2% | +47.5% |
| GEGE Aerospace | Industrials | -0.72 | 2025-01-31 | -2.8% | +5.8% | +6.7% | -6.4% | +10.3% | +8.6% | +7.8% |
| GLWCorning Inc. | Technology | -0.72 | 2025-06-30 | -0.9% | +15.4% | -13.7% | -21.5% | -3.2% | +37.1% | +37.0% |
| CLColgate-Palmolive | Consumer Defensive | -0.71 | 2026-02-27 | -0.3% | -1.0% | +6.1% | +8.2% | +2.6% | +26.7% | +25.9% |
| HOODRobinhood Markets, Inc. | Financial Services | -0.71 | 2025-09-30 | -2.4% | +5.3% | -20.6% | -13.8% | -2.9% | -27.0% | -37.4% |
| KEYSKeysight Technologies | Technology | -0.71 | 2025-08-29 | -0.0% | +17.3% | -10.7% | -4.3% | -0.5% | +50.4% | +67.5% |
| JNJJohnson & Johnson | Healthcare | -0.70 | 2026-09-30 | +1.5% | +4.5% | +12.3% | +4.6% | +4.2% | +39.7% | +50.1% |
| TRMBTrimble Inc. | Technology | -0.70 | 2026-08-31 | -0.4% | +4.9% | -7.8% | -5.1% | -13.4% | -28.2% | -29.3% |
| ADSKAutodesk | Technology | -0.69 | 2026-10-30 NEW | -0.2% | -3.6% | +5.9% | +3.3% | +4.0% | -12.3% | -14.0% |
| AMATApplied Materials | Technology | -0.69 | 2025-10-31 | -3.5% | +19.4% | -11.3% | -23.1% | -2.3% | +48.9% | +67.6% |
| CVNACarvana Co. | Consumer Cyclical | -0.69 | 2025-12-31 | -4.3% | -1.9% | +16.6% | +0.4% | +3.5% | -16.2% | +8.2% |
| WELLWelltower | Real Estate | -0.69 | 2025-02-28 | -0.2% | +0.9% | +5.6% | +5.1% | +5.6% | +34.9% | +30.2% |
| AMGNAmgen | Healthcare | -0.68 | 2026-06-30 | -0.0% | +1.7% | +7.8% | +6.4% | +0.4% | +45.9% | +42.1% |
| HLTHilton Worldwide | Consumer Cyclical | -0.68 | 2026-02-27 | -1.3% | +0.7% | +8.5% | +11.2% | +4.3% | +29.7% | +36.3% |
| TERTeradyne | Technology | -0.68 | 2025-08-29 | -0.4% | +24.5% | -22.8% | -30.2% | -3.5% | +37.0% | +49.7% |
| AMTAmerican Tower | Real Estate | -0.67 | 2026-10-30 NEW | +0.1% | -1.9% | +5.0% | +10.3% | +1.4% | +11.8% | +7.2% |
| EWEdwards Lifesciences | Healthcare | -0.67 | 2026-04-30 | -0.2% | +4.8% | +19.9% | +14.5% | +14.8% | +23.9% | +24.1% |
| WATWaters Corporation | Healthcare | -0.67 | 2026-09-30 | -1.5% | +2.3% | +4.4% | +11.5% | +0.2% | +22.1% | +20.1% |
| APHAmphenol | Technology | -0.66 | 2025-03-31 | +1.5% | +12.4% | -1.2% | +3.4% | +1.5% | +19.8% | +13.0% |
| ECLEcolab | Basic Materials | -0.66 | 2026-06-30 | -0.4% | +0.3% | +5.4% | +7.6% | +1.2% | +17.8% | +18.3% |
| TYLTyler Technologies | Technology | -0.66 | 2026-10-30 NEW | -0.4% | -1.6% | +16.5% | +22.1% | +7.4% | -6.7% | -9.9% |
| DXCMDexcom | Healthcare | -0.65 | 2026-07-31 | +1.7% | -3.2% | -6.8% | -9.1% | -0.7% | +23.1% | +40.6% |
| NTAPNetApp | Technology | -0.65 | 2026-07-31 | +2.1% | +10.3% | -12.9% | -3.7% | -6.2% | +77.2% | +71.9% |
| NVDANvidia | Technology | -0.65 | 2019-12-31 | -5.3% | -9.4% | -24.3% | -24.3% | -19.6% | -11.6% | -14.6% |
| GWWW. W. Grainger | Industrials | -0.64 | 2026-10-30 NEW | +1.1% | +3.7% | +13.1% | +15.2% | +10.7% | +50.0% | +60.1% |
| PWRQuanta Services | Industrials | -0.64 | 2025-07-31 | -0.3% | +19.1% | -5.6% | -10.5% | -2.4% | +43.7% | +35.1% |
| WDAYWorkday, Inc. | Technology | -0.64 | 2026-07-31 | -0.6% | -5.1% | -3.3% | -4.2% | -3.9% | -11.5% | -16.3% |
| ECHOEchoStar Corporation | Communication Services | -0.63 | 2026-09-30 | -1.1% | +12.4% | +16.4% | +14.3% | +4.3% | -7.0% | +41.8% |
| TRGPTarga Resources | Energy | -0.63 | 2026-10-30 NEW | +2.2% | +9.7% | +5.9% | +0.8% | -5.3% | +64.6% | +75.4% |
| VRTXVertex Pharmaceuticals | Healthcare | -0.63 | 2026-10-30 NEW | -0.5% | +0.3% | +7.0% | -1.4% | -2.6% | +20.0% | +26.8% |
| CCICrown Castle | Real Estate | -0.62 | 2026-10-30 NEW | +0.7% | -1.4% | +12.1% | +21.9% | +1.1% | +4.9% | +0.1% |
| KOCoca-Cola Company (The) | Consumer Defensive | -0.62 | 2026-10-30 NEW | +0.1% | +2.0% | +6.1% | +8.7% | +3.8% | +42.4% | +40.0% |
| ODFLOld Dominion | Industrials | -0.62 | 2026-01-30 | +0.5% | +0.5% | -9.3% | -16.3% | -0.7% | +9.8% | +23.6% |
| AAgilent Technologies | Healthcare | -0.61 | 2026-10-30 NEW | -1.8% | +1.2% | -1.0% | +12.0% | -0.6% | +28.7% | +17.2% |
| ADPAutomatic Data Processing | Industrials | -0.61 | 2026-10-30 NEW | +0.4% | +0.2% | +7.7% | +11.7% | +4.7% | +22.3% | +24.1% |
| CSCOCisco | Technology | -0.61 | 2026-04-30 | +1.8% | +7.1% | -6.7% | -6.9% | -1.9% | +35.6% | +45.6% |
| ETNEaton Corporation | Industrials | -0.61 | 2026-03-31 | -0.4% | +10.2% | -10.5% | -15.2% | -2.6% | +14.1% | -1.2% |
| ROLRollins, Inc. | Consumer Cyclical | -0.61 | 2026-10-30 NEW | -0.9% | -1.2% | +13.0% | +5.7% | +10.5% | -35.4% | -33.8% |
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 Value is defined
The score averages earnings-to-price, book-to-price, and sales-to-price z-scores. Fundamentals use trailing-twelve-month earnings and revenue; book equity must be positive.
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 Services42.5% / 10.9%
Healthcare13.7% / 10.3%
Communication Services9.8% / 9.3%
Energy8.7% / 3.9%
Consumer Cyclical7.6% / 9.7%
Industrials5.9% / 7.5%
Consumer Defensive4.8% / 5.5%
Technology3.0% / 37.2%
Utilities2.3% / 2.4%
Basic Materials1.2% / 1.6%
Real Estate0.6% / 1.7%
Monthly portfolio changes
The last 12 rebalances of the long book. Turnover is the share of names newly added.
2026-10-30 11 added · 11 dropped
Added ALB, BEN, FOXA, LUV, LYB, PFG, RJF, SOLV, STT, VLO, WYNN
Dropped APA, CTVA, DOW, ES, HCA, HRL, LOW, PGR, STZ, SWK, SYY
2026-09-30 6 added · 6 dropped
Added CF, ES, FSLR, HRL, LOW, STZ
Dropped AFL, BLDR, LUV, MPC, TAP, VLO
2026-08-31 9 added · 8 dropped
Added AFL, AMCR, APTV, DVA, HII, LUV, MGM, MPC, SYY
Dropped BEN, DIS, ED, ES, FOXA, PFG, SOLV, STT
2026-07-31 8 added · 8 dropped
Added CCL, ED, GL, HON, NCLH, PGR, SWK, TROW
Dropped ACN, AMCR, CF, GIS, HII, MPC, SYY, ZBH
2026-06-30 9 added · 10 dropped
Added ACN, CF, DIS, DOW, EXC, FDX, FOXA, HII, SMCI
Dropped CAG, CPB, DVA, EPAM, FITB, GL, HSIC, NCLH, PGR, SWK
2026-05-29 8 added · 8 dropped
Added FIS, LDOS, LULU, NCLH, OXY, PGR, TAP, TXT
Dropped CCL, DIS, FDX, FOXA, GPN, HRL, LUV, SMCI
2026-04-30 6 added · 6 dropped
Added EPAM, EQT, HCA, LUV, VLO, ZBH
Dropped APTV, DELL, KDP, TROW, TXT, UNH
2026-03-31 9 added · 9 dropped
Added AMCR, APTV, CCL, DG, HRL, KDP, MKC, SYY, TXT
Dropped BNY, CDW, CTRA, EXC, HPE, MOH, MTCH, OXY, VLO
2026-02-27 11 added · 11 dropped
Added BLDR, BNY, CDW, COF, CTSH, DIS, ES, EXE, FOXA, MTCH, SMCI
Dropped BIIB, EOG, FANG, IVZ, OMC, PFE, SWKS, SYY, TXT, XYZ, ZBH
2026-01-30 5 added · 5 dropped
Added HPE, HSIC, SWKS, TXT, ZBH
Dropped BLDR, CF, COP, DOW, OKE
2025-12-31 7 added · 7 dropped
Added BIIB, BLDR, EXC, OKE, PFE, PYPL, SKYD
Dropped DG, HPE, HRL, LKQ, MHK, NCLH, TXT
2025-11-28 8 added · 8 dropped
Added CF, DELL, KEY, NCLH, SOLV, TROW, UNH, XYZ
Dropped AMCR, BIIB, EMN, HSIC, LUV, OKE, PFE, TAP