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Ranked lists

Top 100: Biggest dividend payers

Backtest from 31 Mar 2010 to 30 Sept 2026 · quarterly · hypothetical

Watch this strategy
Return a year
+12.9%
S&P 500 +14.0%
Last 12 months
+15.5%
S&P 500 +15.7%
Sharpe ratio
0.84
S&P 500 0.86
Biggest drop
−25.1%
S&P 500 −23.9%
$10.0k$20.0k$40.0k$80.0k 201020122014201620182020202220242026 $87.2k$74.1k
StrategyS&P 500 $10,000 in Top 100: Biggest dividend payers from 31 Mar 2010 against the S&P 500 (total return) over the same dates, marked quarterly, log scale. Hypothetical: before taxes and trading costs.

About

Holds the top 100 companies on our “biggest dividend payers” list, equal weight, rebuilt every quarter from figures in quarters that ended at least 90 days earlier, the same rules as the live list.

The live list →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+12.9%+14.0%
Total return+641%+772%
Last 12 months+15.5%+15.7%
Last 3 months−0.8%—
Last month−0.8%—
This year so far+13.9%—
Volatility a year13.9%15.1%
Sharpe ratio0.840.86
Biggest drop−25.1%−23.9%
Beta to the S&P 5000.811.00
Alpha a year (t-statistic)+1.3% (0.68)—
Share of quarters up77%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
MSFT1.0%——
JPM1.0%——
XOM1.0%——
AAPL1.0%——
CVX1.0%——
JNJ1.0%——
ABBV1.0%——
AVGO1.0%——
VZ1.0%——
KO1.0%——
GOOGL1.0%——
PG1.0%——
PFE1.0%——
BAC1.0%——
HD1.0%——
PM1.0%——
MRK1.0%——
PGR1.0%——
UNH1.0%——
T1.0%——
PEP1.0%——
WMT1.0%——
MO1.0%——
MS1.0%——
CSCO1.0%——
BX1.0%——
IBM1.0%——
GS1.0%——
ORCL1.0%——
LLY1.0%——
WFC1.0%——
C1.0%——
TDG1.0%——
AMGN1.0%——
MCD1.0%——
TXN1.0%——
BMY1.0%——
NEE1.0%——
BABA1.0%——
TMUS1.0%——
ABT1.0%——
COP1.0%——
GILD1.0%——
PLD1.0%——
QCOM1.0%——
RTX1.0%——
MDT1.0%——
CVS1.0%——
DUK1.0%——
UNP1.0%——
USB1.0%——
AMT1.0%——
LMT1.0%——
SO1.0%——
HON1.0%——
O1.0%——
LIN1.0%——
CAT1.0%——
SBUX1.0%——
PNC1.0%——
LOW1.0%——
OKE1.0%——
KMI1.0%——
ADP1.0%——
TFC1.0%——
WMB1.0%——
HDB1.0%——
AXP1.0%——
SCHW1.0%——
D1.0%——
COST1.0%——
EOG1.0%——
NLY1.0%——
TGT1.0%——
WELL1.0%——
AEP1.0%——
ADI1.0%——
PSX1.0%——
EQIX1.0%——
VICI1.0%——
COF1.0%——
KHC1.0%——
TJX1.0%——
ITW1.0%——
CL1.0%——
DLR1.0%——
MRSH1.0%——
DE1.0%——
AGNC1.0%——
SLB1.0%——
KMB1.0%——
EXC1.0%——
ETN1.0%——
OXY1.0%——
SRE1.0%——
GE1.0%——
CI1.0%——
GD1.0%——
APD1.0%——
KVUE1.0%——

Equal weight at the latest rebalance, rebuilt every quarter.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest31 Mar 2010 to 30 Sept 2026+12.9%+14.0%0.840.86−25.1%0.81+1.3% (0.68)
2018 onwards31 Mar 2018 to 30 Sept 2026+12.9%+15.1%0.660.75−25.1%0.79+0.6% (0.19)
Last three years31 Dec 2023 to 30 Sept 2026+17.0%+20.2%1.461.25−2.6%0.20+8.9% (1.50)
DateCompanyAction
30 Sept 2026SREBought
30 Sept 2026SLBBought
30 Sept 2026OXYBought
30 Sept 2026KVUEBought
30 Sept 2026HONBought
30 Sept 2026GEBought
30 Sept 2026GDBought
30 Sept 2026EXCBought
30 Sept 2026CIBought
30 Sept 2026APDBought
30 Jun 2026HDBBought
30 Jun 2026ETNBought
30 Jun 2026COFBought
30 Jun 2026BABABought
30 Jun 2026AGNCBought
31 Mar 2026TRPBought
31 Mar 2026TDBought
31 Mar 2026SUBought
31 Mar 2026NVOBought
31 Mar 2026NTESBought
31 Mar 2026HSBCBought
31 Mar 2026CNQBought
31 Mar 2026BUDBought
31 Mar 2026BNSBought
31 Mar 2026BMOBought

Dated at the rebalance that made the change.

DateCompanyAction
30 Sept 2026TRPSold
30 Sept 2026SUSold
30 Sept 2026NVOSold
30 Sept 2026NTESSold
30 Sept 2026HSBCSold
30 Sept 2026CNQSold
30 Sept 2026BUDSold
30 Sept 2026BBDSold
30 Sept 2026ASMLSold
30 Sept 2026AMXSold
30 Jun 2026TDSold
30 Jun 2026PCARSold
30 Jun 2026LYBSold
30 Jun 2026BNSSold
30 Jun 2026BMOSold
31 Mar 2026SRESold
31 Mar 2026OXYSold
31 Mar 2026KVUESold
31 Mar 2026GDSold
31 Mar 2026EXCSold
31 Mar 2026ETNSold
31 Mar 2026DOWSold
31 Mar 2026CRMSold
31 Mar 2026CISold
31 Mar 2026BNYSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest