Low beta
Stocks that move the least with the market.
Per year
+12.7%
Benchmark +10.6%
Total return
+230%
Benchmark +173%
Max drawdown
−40%
Benchmark −44%
Sharpe
0.86
Benchmark 0.68
Years beating the benchmark
6 / 9
full calendar years
2016-11-07 to 2026-11-06, 100,000 NOK to 329,614 NOK, after 7,661 NOK in trading costs. On average 9.5 stocks held; the portfolio is turned over 4.5 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 (NOK)
Low betaBenchmark
Year by year
| Year | Low beta | Benchmark | Difference |
|---|---|---|---|
| 2026 (part of year) | +5.2% | +13.6% | −8.4% |
| 2025 | +34.0% | +18.4% | +15.6% |
| 2024 | +34.1% | +3.4% | +30.7% |
| 2023 | +24.0% | +12.0% | +12.0% |
| 2022 | −10.8% | −4.5% | −6.3% |
| 2021 | +25.1% | +18.7% | +6.3% |
| 2020 | −14.8% | +9.5% | −24.3% |
| 2019 | +52.2% | +22.6% | +29.5% |
| 2018 | −12.7% | −3.5% | −9.2% |
| 2017 | +9.2% | +5.2% | +4.1% |
| 2016 (part of year) | +2.0% | +13.2% | −11.3% |
Backtests are simulations on historical data, not investment advice. Past results don't guarantee future returns.