Variance Analysis of Sector Returns since 1990

Authors

Presenter(s)

Kevin Cullen, Dominik Daly

Comments

9:00-10:15, Kennedy Union Ballroom

Files

Description

For our project, we conducted a variance analysis of sector returns within the S&P 500 (excluding real estate) since January 1, 1990. This analysis aimed to examine the variability of returns across sectors in relation to the overall market index. By assessing the standard deviation of sector returns over different time periods, we were able to quantify the extent to which each sector’s performance fluctuated compared to the benchmark.The findings revealed that Consumer Staples consistently outperformed other sectors, exhibiting the most stable and favorable returns over time. On the other hand, Communication Services showed the highest level of return volatility, performing the worst in comparison to the broader market and other sectors. This suggests that Consumer Staples have been a safer, more resilient sector for investors, while Communication Services have faced greater fluctuations, potentially making it a riskier investment choice over the long term.

Publication Date

4-23-2025

Project Designation

Independent Research

Primary Advisor

Henry G. Willmore

Primary Advisor's Department

Economics and Finance

Keywords

Stander Symposium, School of Business Administration

Recommended Citation

"Variance Analysis of Sector Returns since 1990" (2025). Stander Symposium Projects. 4151.
https://ecommons.udayton.edu/stander_posters/4151