COM012Factor HubComposite FactorsLow

Defensive Growth Composite Factor

Growth names with low vol and clean earnings — growth without the spills.

Formula

DefGrow = GrowthRank * QualityRank * (1 - VolRank)

Annualized return

5.22%

Sharpe ratio

0.40

Max drawdown

-23.33%

Total return

66.37%

Cumulative performance（2016-09 … 2026-08）

2016 -7.0%2017 -10.4%2018 +7.2%2019 +7.5%2020 +31.8%2021 -3.5%2022 +22.9%2023 -4.5%2024 +3.5%2025 +7.8%2026 +4.0%

#	Ticker	Company	Score
1	HSY	Hershey	0.614
2	T	AT&T	0.480
3	APD	Air Products	0.475
4	LMT	Lockheed Martin	0.449
5	YUM	Yum Brands	0.439
6	DIS	Walt Disney	0.417
7	VZ	Verizon	0.413
8	LYV	Live Nation	0.381
9	CL	Colgate-Palmolive	0.377
10	SYK	Stryker	0.373
11	NOC	Northrop Grumman	0.341
12	PM	Philip Morris	0.335
13	KO	Coca-Cola	0.328
14	WM	Waste Management	0.321
15	GILD	Gilead Sciences	0.315
16	CARR	Carrier Global	0.311
17	ROST	Ross Stores	0.311
18	MCK	McKesson	0.297
19	LIN	Linde	0.291
20	CB	Chubb	0.290
21	USB	U.S. Bancorp	0.284
22	KVUE	Kenvue	0.281
23	TDG	TransDigm	0.279
24	KMI	Kinder Morgan	0.276
25	LOW	Lowe's	0.275
26	CI	Cigna	0.270
27	LNG	Cheniere Energy	0.269
28	ZTS	Zoetis	0.268
29	F	Ford Motor	0.261
30	KHC	Kraft Heinz	0.253

Holdings computed by the exact formula above at the latest month-end observation on the deterministic research panel (2026-08).

Exports include formulas, performance statistics, the 120-month series and current holdings — everything needed to replicate results locally.