Quantbase · investment strategy
by Quantbase
Invests in the companies that receive the most government contract income.
Description from Quantbase
of the return and risk figures:as the source publishes them
What $10,000 would have become, from the strategy's own published history, against the S&P 500 over the same dates. The basis is labelled.
Each rule is quoted word for word from the strategy's own documents.
“Top 20 companies receiving the largest U.S. government contracts”
“selects the top 20 recipients of government contracts”
“companies receiving the largest U.S. government contracts”
“This portfolio is rebalanced at the start of every month.”
“weighted by the values of the announced contracts”
No published holdings for this strategy.
Fitted to 78 returns (composite) from 2023-10-27 to 2026-10-01. An estimate, not holdings: it can't name stocks.
· : 0.32 · Too loose a fit for a verdict; shown as a guide.
Beta to the S&P 500: 0.53 (90%: 0.22 to 0.63)
Compares the stated rules with the holdings (or, where none are published, a mix estimated from returns), using tests fixed before any results were seen.
No holdings on file, so nothing to test.
Strategies that share its Alternative data label, from other sources first, strongest risk-adjusted return first.
Composer Technologies · Composer
Collective2
How much of what we look for this strategy has, and why anything is missing. Fields that don't apply to it aren't counted.
4 missing
The text the rules are quoted from, with where it came from.
Top 20 companies receiving the largest U.S. government contracts
This strategy selects the top 20 recipients of government contracts, weighted by the values of the announced contracts. Each company's government contracts are measured with an exponential moving average to favor more recent contracts, while still weighing historical contracts. This portfolio is rebalanced at the start of every month.
This strategy aims to identify a mix of blue-chip stocks and lesser known companies that have been receiving a large amount of awards from the government.;While the largest and most unique government contracts catch the attention of media outlets, the majority of contracts are out of the spotlight due to the magnitude of government spending. The top recipients of government contracts often times have numerous contracts that slip out of the public eye due to many contracts being perceived as "business as usual" and therefore fail to attract headlines. The use of an exponential moving average with a half-life calculation favors companies that have recently been awarded contracts, giving the edge to companies that have a long-standing relationship with government agencies.
Government contracts are filed under a company’s legal name, and are not mapped to tickers at the source. Because of this, there is a risk of mapping disclosures to the wrong company, or missing disclosures that are filed under a subsidiary or other name. While we have taken steps to mitigate this risk, it presents the possibility for erroneous data. This strategy invests in fractional shares when available. When not available, it will invest in the nearest (lower) whole number of shares. Please note that this number may be 0 if your investment in this strategy is sufficiently low, meaning our investment strategy advertised returns will be different from your returns.
Invests in the companies that receive the most government contract income.
Every value on file, each labelled with its calculation basis and as-of date.
| Last rebalance date | 2026-10-01 | 2026-10-04 | |
| Rebalance frequency | monthly | 2026-10-04 |
| Brokerage / custodian | Alpaca | 2026-10-04 | |
| Management / advisory fee | 1.00% |
| Metrics calculated through | 2026-10-04 | 2026-10-04 |
| Partner (Quantbase data field) | quiverquant | 2026-10-04 | |
| Program in the firm's Form ADV brochure | url: https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1043543 · name: Top Government Contractors Stock Tracker · covers: 1 · source_key: quantbase_surmount|24 · original_name: Top Government Contractors |
| Correlation to SPY (Quantbase data field) (basis not stated) | 0.73 | 2026-10-04 | |
| Correlation to SPY (full history) (client composite) | 0.73 | 2026-10-04 |
| Annual return (Quantbase data field) (basis not stated) | 9.90% | 2026-10-04 | |
| Backtest end date (Quantbase data field) | 2022-12-01 | 2026-10-04 | |
| Return since chart start (cumulative) (client composite) | -23.53% | 2026-10-04 | |
| Return, rolling 1 year (client composite) | -27.00% | 2026-10-04 |
| Daily volatility over the chart range (client composite) | 0.97% | 2026-10-04 | |
| Max drawdown over the chart range (client composite) | -39.58% | 2026-10-04 | |
| Monthly volatility over the chart range (client composite) | 4.35% | 2026-10-04 | |
| Sharpe ratio from daily returns over the chart range (client composite) | 0 | 2026-10-04 | |
| Volatility over the chart range, annualized from daily (×√252) (client composite) | 15.40% | 2026-10-04 |
| Qualitative risk score (Quantbase data field) | 4.10 | 2026-10-04 | |
| Risk score 0-5 (Quantbase) | 3.28 | 2026-10-04 |
| Experience minimum: bonds | 0 | 2026-10-04 | |
| Experience minimum: crypto | 0 | 2026-10-04 | |
| Experience minimum: equity | 0 | 2026-10-04 | |
| Experience minimum: leverage | 0 | 2026-10-04 | |
| Experience minimum: options | 0 | 2026-10-04 |
Quantbase · Surmount
