Defensive dividend
Solid dividends from the calmest stocks.
Per year
+16.5%
Benchmark +10.6%
Total return
+360%
Benchmark +173%
Max drawdown
−35%
Benchmark −44%
Sharpe
1.25
Benchmark 0.68
Years beating the benchmark
8 / 9
full calendar years
2016-11-07 to 2026-11-06, 100,000 NOK to 459,932 NOK, after 7,864 NOK in trading costs. On average 10.0 stocks held; the portfolio is turned over 3.7 times a year.
How it works
Every quarter, keep liquid stocks with a dividend yield of at least 3%, and buy the ten with the lowest volatility.
The idea
Combines income with low risk: choosing the calmest dividend payers, rather than the highest yields, avoids most companies whose dividend is under pressure.
Equity (NOK)
Defensive dividendBenchmark
Year by year
| Year | Defensive dividend | Benchmark | Difference |
|---|---|---|---|
| 2026 (part of year) | +24.4% | +13.6% | +10.8% |
| 2025 | +36.9% | +18.4% | +18.5% |
| 2024 | +24.0% | +3.4% | +20.7% |
| 2023 | +12.5% | +12.0% | +0.5% |
| 2022 | −8.0% | −4.5% | −3.5% |
| 2021 | +27.8% | +18.7% | +9.0% |
| 2020 | +11.8% | +9.5% | +2.3% |
| 2019 | +25.2% | +22.6% | +2.5% |
| 2018 | −2.1% | −3.5% | +1.4% |
| 2017 | +15.0% | +5.2% | +9.8% |
| 2016 (part of year) | +4.5% | +13.2% | −8.8% |
Backtests are simulations on historical data, not investment advice. Past results don't guarantee future returns.