Top 20 BIST stocks with the lowest volatility. A defensive portfolio strategy targeting lower risk and stable returns.
| # | Hisse | Skor | Ağırlık | Ay Getirisi |
|---|---|---|---|---|
| 1 | ODINE | 98 | 5% | -61.0% |
| 2 | HEDEF | 93 | 5% | +158.2% |
| 3 | TRGYO | 89 | 5% | -0.8% |
| 4 | DOCO | 87 | 5% | +4.8% |
| 5 | TURSG | 86 | 5% | +0.0% |
| 6 | AKSGY | 86 | 5% | -1.6% |
| 7 | NUHCM | 86 | 5% | -1.1% |
| 8 | DOAS | 85 | 5% | -2.8% |
| 9 | ISFIN | 85 | 5% | -9.0% |
| 10 | AGESA | 85 | 5% | -0.9% |
| 11 | ANSGR | 85 | 5% | -2.4% |
| 12 | BIMAS | 85 | 5% | -1.6% |
| 13 | RGYAS | 84 | 5% | +1.7% |
| 14 | AFYON | 84 | 5% | +3.6% |
| 15 | ZRGYO | 84 | 5% | -4.6% |
| 16 | TTRAK | 84 | 5% | -7.7% |
| 17 | OZKGY | 84 | 5% | -5.8% |
| 18 | MERIT | 84 | 5% | -5.2% |
| 19 | CCOLA | 84 | 5% | +2.4% |
| 20 | INVES | 83 | 5% | +0.8% |
Traditional finance theory says higher risk should bring higher returns. Baker, Bradley, and Wurgler's 2011 study proved the opposite: low-volatility stocks deliver better risk-adjusted returns over the long term. This is known as the low-volatility anomaly.
Borsafolio's low-volatility portfolio selects the 20 stocks with the lowest 21-day annualized standard deviation. It is automatically rebalanced at the beginning of each month. The strategy is simple but effective — ideal for defensive investors.
The low-volatility portfolio has the lowest maximum drawdown. It may lag during strong bull markets — a structural feature. The Low Vol + Trend filter addresses this weakness.
Related articles: Low Volatility Portfolio Advantages, Factor Investing, Risk Measurement