IND009Factor HubIndustry FactorsMedium
Industry Profitability Factor
Sector-level ROE momentum lifts the boats inside improving industries.
Formula
IndProfit = Δ(行业中位数ROE) + Δ(行业中位数净利率)Performance (Top-30 equal-weight long, monthly rebalance)
Annualized return
10.64%
Sharpe ratio
0.60
Max drawdown
-30.36%
Total return
174.91%
Cumulative performance（2016-09 … 2026-08）
2016 -7.7%2017 -11.2%2018 +1.4%2019 +31.0%2020 +65.0%2021 +9.7%2022 +19.6%2023 -9.2%2024 +4.6%2025 +3.4%2026 +18.6%
Current top-30 holdings
| # | Ticker | Company | Score |
|---|---|---|---|
| 1 | DAL | Delta Air Lines | 9.372 |
| 2 | UAL | United Airlines | 9.372 |
| 3 | AAPL | Apple | 8.754 |
| 4 | MSFT | Microsoft | 8.754 |
| 5 | SNPS | Synopsys | 7.213 |
| 6 | CDNS | Cadence | 7.213 |
| 7 | NEM | Newmont | 4.561 |
| 8 | BKNG | Booking Holdings | 4.506 |
| 9 | ABNB | Airbnb | 4.506 |
| 10 | IBM | IBM | 4.449 |
| 11 | ACN | Accenture | 4.449 |
| 12 | DASH | DoorDash | 4.284 |
| 13 | DHI | D.R. Horton | 4.002 |
| 14 | LEN | Lennar | 4.002 |
| 15 | AMZN | Amazon | 3.943 |
| 16 | MELI | MercadoLibre | 3.943 |
| 17 | EBAY | eBay | 3.943 |
| 18 | ETSY | Etsy | 3.943 |
| 19 | ADBE | Adobe | 3.932 |
| 20 | INTU | Intuit | 3.932 |
| 21 | WDAY | Workday | 3.932 |
| 22 | CARR | Carrier Global | 3.659 |
| 23 | LII | Lennox International | 3.659 |
| 24 | ETN | Eaton | 3.447 |
| 25 | EMR | Emerson Electric | 3.447 |
| 26 | DDOG | Datadog | 3.327 |
| 27 | SNOW | Snowflake | 3.327 |
| 28 | NET | Cloudflare | 3.327 |
| 29 | MDB | MongoDB | 3.327 |
| 30 | GS | Goldman Sachs | 3.292 |
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.