Low beta
Stocks that move the least with the market.
Per year
+5.5%
Benchmark +14.7%
Total return
+70%
Benchmark +291%
Max drawdown
−36%
Benchmark −35%
Sharpe
0.43
Benchmark 0.91
Years beating the benchmark
2 / 9
full calendar years
2016-11-07 to 2026-11-06, 100,000 DKK to 170,486 DKK, after 4,773 DKK in trading costs. On average 9.7 stocks held; the portfolio is turned over 3.6 times a year.
How it works
Every quarter, buy the ten liquid stocks with the lowest positive one-year beta against the market index.
The idea
Investors who want more return often buy high-beta stocks instead of borrowing, which makes them expensive and low-beta stocks cheap (betting against beta). Low-beta stocks can still fall on their own news.
Equity (DKK)
Low betaBenchmark
Year by year
| Year | Low beta | Benchmark | Difference |
|---|---|---|---|
| 2026 (part of year) | −0.1% | +15.5% | −15.5% |
| 2025 | +24.3% | +13.4% | +10.9% |
| 2024 | +0.1% | +14.8% | −14.7% |
| 2023 | +2.4% | +10.8% | −8.4% |
| 2022 | −19.2% | −14.8% | −4.5% |
| 2021 | +8.2% | +28.4% | −20.2% |
| 2020 | +26.3% | +42.4% | −16.1% |
| 2019 | +31.7% | +28.6% | +3.1% |
| 2018 | −12.3% | −5.8% | −6.5% |
| 2017 | +5.1% | +17.3% | −12.2% |
| 2016 (part of year) | +0.1% | +6.1% | −6.0% |
Backtests are simulations on historical data, not investment advice. Past results don't guarantee future returns.