Low beta
Stocks that move the least with the market.
Per year
+14.0%
Benchmark +14.2%
Total return
+269%
Benchmark +277%
Max drawdown
−41%
Benchmark −39%
Sharpe
0.82
Benchmark 0.85
Years beating the benchmark
6 / 9
full calendar years
2016-11-07 to 2026-11-06, 100,000 SEK to 368,651 SEK, after 10,299 SEK in trading costs. On average 9.7 stocks held; the portfolio is turned over 4.6 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 (SEK)
Low betaBenchmark
Year by year
| Year | Low beta | Benchmark | Difference |
|---|---|---|---|
| 2026 (part of year) | +5.0% | +1.7% | +3.3% |
| 2025 | +12.6% | +11.4% | +1.1% |
| 2024 | +11.2% | +9.7% | +1.5% |
| 2023 | −0.6% | +8.6% | −9.3% |
| 2022 | −29.2% | −28.7% | −0.5% |
| 2021 | +108.5% | +32.9% | +75.6% |
| 2020 | +57.9% | +37.1% | +20.9% |
| 2019 | +47.2% | +41.0% | +6.2% |
| 2018 | +4.2% | −1.4% | +5.7% |
| 2017 | −20.3% | +33.6% | −53.9% |
| 2016 (part of year) | −0.9% | +15.9% | −16.9% |
Backtests are simulations on historical data, not investment advice. Past results don't guarantee future returns.