GRW005Factor HubGrowth FactorsMedium

ROE Delta Factor

Quarter-over-quarter change in ROE — catching profitability inflections early.

Formula

ΔROE = ROE(t) - ROE(t-1)

Annualized return

13.47%

Sharpe ratio

0.77

Max drawdown

-28.60%

Total return

253.75%

Cumulative performance（2016-09 … 2026-08）

2016 -10.9%2017 -7.2%2018 +5.6%2019 +37.1%2020 +51.6%2021 +6.3%2022 +30.7%2023 -0.9%2024 +1.1%2025 +26.0%2026 +11.0%

#	Ticker	Company	Score
1	MDB	MongoDB	15.774
2	FTNT	Fortinet	9.575
3	DAL	Delta Air Lines	9.273
4	AMZN	Amazon	9.270
5	MSFT	Microsoft	8.726
6	SNPS	Synopsys	7.125
7	TDG	TransDigm	6.629
8	ON	ON Semiconductor	6.121
9	CMG	Chipotle Mexican Grill	6.054
10	KMI	Kinder Morgan	5.384
11	ITW	ITW	4.918
12	FTV	Fortive	4.777
13	CRM	Salesforce	4.684
14	BKR	Baker Hughes	4.671
15	HSY	Hershey	4.666
16	NEM	Newmont	4.607
17	BKNG	Booking Holdings	4.473
18	IBM	IBM	4.471
19	INTU	Intuit	4.455
20	JPM	JPMorgan Chase	4.343
21	AEE	Ameren	4.324
22	DASH	DoorDash	4.292
23	MDT	Medtronic	4.148
24	MRK	Merck	4.016
25	DHI	D.R. Horton	3.974
26	ADBE	Adobe	3.932
27	CE	Celanese	3.852
28	ETSY	Etsy	3.847
29	ACN	Accenture	3.801
30	ABBV	AbbVie	3.792

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.