GRW007Factor HubGrowth FactorsHigh
R&D Growth Factor
Rising R&D spend signals innovation ambition, especially predictive in tech sectors.
Formula
研发增速 = (本期研发支出 - 去年同期) / 去年同期Performance (Top-30 equal-weight long, monthly rebalance)
Annualized return
6.55%
Sharpe ratio
0.44
Max drawdown
-25.84%
Total return
88.54%
Cumulative performance（2016-09 … 2026-08）
2016 -5.8%2017 -6.3%2018 -3.9%2019 +0.7%2020 +31.3%2021 +5.0%2022 +25.2%2023 +4.1%2024 -2.4%2025 +9.7%2026 +14.7%
Current top-30 holdings
| # | Ticker | Company | Score |
|---|---|---|---|
| 1 | DELL | Dell Technologies | 35612.993 |
| 2 | FCX | Freeport-McMoRan | 20900.044 |
| 3 | SYK | Stryker | 8008.899 |
| 4 | TDG | TransDigm | 7146.398 |
| 5 | PFE | Pfizer | 6309.418 |
| 6 | CARR | Carrier Global | 5672.436 |
| 7 | CVX | Chevron | 5452.968 |
| 8 | USB | U.S. Bancorp | 4366.895 |
| 9 | LLY | Eli Lilly | 4249.979 |
| 10 | VRTX | Vertex Pharmaceuticals | 4220.594 |
| 11 | MPC | Marathon Petroleum | 3968.697 |
| 12 | ADBE | Adobe | 3563.294 |
| 13 | PANW | Palo Alto Networks | 3200.313 |
| 14 | AEP | American Electric Power | 3175.732 |
| 15 | TSLA | Tesla | 3003.529 |
| 16 | NVDA | NVIDIA | 2887.814 |
| 17 | HSY | Hershey | 2875.882 |
| 18 | KLAC | KLA | 2743.382 |
| 19 | PEG | Public Service Enterprise | 2642.372 |
| 20 | AXP | American Express | 2494.875 |
| 21 | DIS | Walt Disney | 2414.829 |
| 22 | AMZN | Amazon | 2246.145 |
| 23 | JPM | JPMorgan Chase | 2179.179 |
| 24 | FTNT | Fortinet | 1946.851 |
| 25 | PLTR | Palantir | 1775.591 |
| 26 | AMD | Advanced Micro Devices | 1623.620 |
| 27 | ANET | Arista Networks | 1585.283 |
| 28 | SPG | Simon Property Group | 1566.655 |
| 29 | ZS | Zscaler | 1507.278 |
| 30 | LOW | Lowe's | 1455.797 |
Holdings computed by the exact formula above at the latest month-end observation on the deterministic research panel (2026-08).
Data export
Exports include formulas, performance statistics, the 120-month series and current holdings — everything needed to replicate results locally.