GRW012Factor HubGrowth FactorsMedium
Sustainable Growth Factor
Retention ratio times ROE — the growth rate a firm can fund entirely from within.
Formula
SGR = ROE × (1 - 股利支付率)Performance (Top-30 equal-weight long, monthly rebalance)
Annualized return
8.25%
Sharpe ratio
0.49
Max drawdown
-35.25%
Total return
120.90%
Cumulative performance（2016-09 … 2026-08）
2016 -9.8%2017 -17.6%2018 +0.4%2019 +16.5%2020 +38.4%2021 +13.8%2022 +33.1%2023 +0.1%2024 +3.0%2025 +5.0%2026 +11.9%
Current top-30 holdings
| # | Ticker | Company | Score |
|---|---|---|---|
| 1 | MDB | MongoDB | 0.389 |
| 2 | INTU | Intuit | 0.372 |
| 3 | ON | ON Semiconductor | 0.354 |
| 4 | DAL | Delta Air Lines | 0.349 |
| 5 | TXN | Texas Instruments | 0.308 |
| 6 | MSFT | Microsoft | 0.288 |
| 7 | ANET | Arista Networks | 0.288 |
| 8 | CRM | Salesforce | 0.287 |
| 9 | SNOW | Snowflake | 0.283 |
| 10 | NET | Cloudflare | 0.283 |
| 11 | KLAC | KLA | 0.281 |
| 12 | NOW | ServiceNow | 0.279 |
| 13 | MELI | MercadoLibre | 0.278 |
| 14 | DDOG | Datadog | 0.275 |
| 15 | HSY | Hershey | 0.275 |
| 16 | CDNS | Cadence | 0.261 |
| 17 | AMZN | Amazon | 0.261 |
| 18 | TSN | Tyson Foods | 0.247 |
| 19 | CMG | Chipotle Mexican Grill | 0.247 |
| 20 | LRCX | Lam Research | 0.241 |
| 21 | ACN | Accenture | 0.240 |
| 22 | LYV | Live Nation | 0.238 |
| 23 | TJX | TJX Companies | 0.238 |
| 24 | LEN | Lennar | 0.238 |
| 25 | FTNT | Fortinet | 0.236 |
| 26 | AZO | AutoZone | 0.233 |
| 27 | MU | Micron Technology | 0.233 |
| 28 | YUM | Yum Brands | 0.232 |
| 29 | LMT | Lockheed Martin | 0.230 |
| 30 | AVGO | Broadcom | 0.226 |
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.