Långsiktiga investerare tycker om aktier med en avkastning som överstiger den från räntor och med lite volatilitet. Sharpekvoten har varit en av de mest använda verktygen för att undersöka prestanda för en investeringar genom att justera avkastningen för volatilitet. Normalt sker detta för investerings- och hedgefonder, men den här tabellen visar hur värdet för Sharpekvoten ser ut för de 300 största globala bolagen (räknat som handelsvolym) och räknat på de senaste 30 åren. Eftersom nästan alla av dem är från USA, har jag använt den ackumulerade Feds styrräntan sedan 1983 som ”riskfria räntan” i ekvationen.

Tre sektorer innehar mer än hälften av alla företag. Detta är de sektorer och företag som du borde ha investerat i sedan början av åttiotalet.

Sector Companies
Consumer Cyclicals 9
Healthcare 9
Consumer Non-Cyclicals 8
Financials 8
Industrials 8
Energy 3
Basic Materials 3
Technology 2
Telecommunications 0
Utilities 0

 

 

Company Sharpe ratio Symbol Sector Industry group
DANAHER 40.0721 DHR Industrials Industrial Machinery & Equipment
KANSAS CITY SO 31.4996 KSU Industrials Ground Freight & Logistics
CDN NATURL RES 28.6355 CNQ.TO Energy Oil & Gas Exploration and Production
PRECISION CAST 23.5304 PCP Industrials Aerospace & Defense
STRYKER 22.3802 SYK Healthcare Medical Equipment, Supplies & Distribution
HOME DEPOT INC 22.0493 HD Consumer Cyclicals Home Improvement Products & Services Retailers
ST JUDE MEDICL 21.5147 STJ Healthcare Medical Equipment, Supplies & Distribution
NIKE INC CL B 19.0121 NKE Consumer Cyclicals Footwear
MEDTRONIC INC 16.1686 MDT Healthcare Medical Equipment, Supplies & Distribution
GAP INC 15.2927 GPS Consumer Cyclicals Apparel & Accessories Retailers
AFLAC INC 12.2711 AFL Financials Life & Health Insurance
APPLE INC 12.2692 AAPL.O Technology Computer Hardware
NOVO-NORDISK A/S 11.5374 NVO Healthcare Pharmaceuticals
HOLLYFRONTR CORP 11.2543 HFC Energy Oil & Gas Refining and Marketing
ECOLAB INC 11.2531 ECL Industrials Business Support Supplies
JACOBS ENGINEER 10.5296 JEC Industrials Construction & Engineering
THE PROGRESSIVE 10.4300 PGR Financials Property & Casualty Insurance
CHURCH DWIGHT 10.2645 CHD Consumer Non-Cyclicals Household Products
WAL-MART STORES 9.7403 WMT Consumer Cyclicals Miscellaneous Specialty Retailers
M&T BANK CRP 9.6502 MTB Financials Banks
SHERWIN-WILLIAMS 7.8651 SHW Basic Materials Commodity Chemicals
WALGREEN CO 7.2680 WAG Consumer Non-Cyclicals Drug Retailers
LOWES COMPANIES 7.1710 LOW Consumer Cyclicals Home Improvement Products & Services Retailers
TJX CO INC 7.0924 TJX Consumer Cyclicals Discount Stores
ALTRIA GROUP 6.9530 MO Consumer Non-Cyclicals Tobacco
MYLAN INC 6.9191 MYL.O Healthcare Pharmaceuticals
VORNADO REALTY 6.8557 VNO Financials Commercial REITs
BECTON DICKINSN 6.8155 BDX Healthcare Medical Equipment, Supplies & Distribution
ST STREET CP 6.6463 STT Financials Investment Banking & Brokerage Services
JOHNSON JOHNSON 6.5934 JNJ Healthcare Pharmaceuticals
WALT DISNEY CO 6.5775 DIS Consumer Cyclicals Broadcasting
ROB HALF INTL 6.4915 RHI Industrials Employment Services
SIGMA ALDRICH 6.4757 SIAL.O Basic Materials Specialty Chemicals
CHEUNG KONG 6.3546 0001.HK Financials Real Estate Development & Operations
ILLINOIS TOOL WK 6.3178 ITW Industrials Industrial Conglomerates
COLGATE PALMOLIV 6.2936 CL Consumer Non-Cyclicals Personal Products
THERMO FISHER SC 6.0523 TMO Healthcare Advanced Medical Equipment & Technology
HERSHEY CO 5.8086 HSY Consumer Non-Cyclicals Food Processing
AUTOMATIC DATA 5.7033 ADP.O Industrials Employment Services
PEPSICO INC 5.5613 PEP Consumer Non-Cyclicals Non-Alcoholic Beverages
W R BERKLEY CP 5.5519 WRB Financials Property & Casualty Insurance
APPLIED MATL 5.5375 AMAT.O Technology Semiconductor Equipment & Testing
LEUCADIA NATL CP 5.5265 LUK Financials Holding Companies
ROGERS COMM B 5.4684 RCIb.TO Telecommunications Services Wireless Telecommunications Services
MCCORMICK & CO 5.4351 MKC Consumer Non-Cyclicals Food Processing
MCDONALD’S CORP 5.3634 MCD Consumer Cyclicals Restaurants & Bars
ENERGEN CORP 5.1455 EGN Energy Oil & Gas Exploration and Production
TYSON FOODS 5.0055 TSN Consumer Non-Cyclicals Food Processing
UNIV HEALTH SVC 4.9923 UHS Healthcare Healthcare Facilities & Services
INTL GAME TECH 4.9322 IGT Consumer Cyclicals Casinos & Gaming