Long-Term Industry Returns

Inspired by the recent Ash Park on Tobacco and Transformation whitepaper, which came to my attention via @JonFell73 on twitter, I decided to take their analysis that global staple stocks have never lost money in any rolling 5 year period (since 1977) and extend the analysis further back in time.

I downloaded the Ken French 12 Industry Portfolio data (monthly), and ran out the analysis since 1926 (first rolling 5y begins in 1931).  Since I was there, I decided to run out some additional industries as well, both on a market value basis and an equal weight basis.  Here are the charts.  Enjoy!

Consumer Nondurables (Staples)

Durable Consumer (Discretionary)

Manufacturing (Industrials)

Energy

Business Equipment (Technology)

Utilities

Healthcare

Finance

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