| Symbol | β | Dot-com bustMar 2000 – Oct 2002 | 2008 crisisOct 2007 – Mar 2009 | 2011 debt ceilingApr 2011 – Oct 2011 | 2018 Q4 sell-offSep 2018 – Dec 2018 | COVID crashFeb 2020 – Mar 2020 | 2022 rate shockJan 2022 – Oct 2022 |
|---|---|---|---|---|---|---|---|
| SPY | 1.00 | −47.5% | −55.2% | −18.6% | −19.3% | −33.7% | −24.5% |
| QQQ | 1.25 | −82.9% | −51.6% | −13.1% | −22.0% | −27.9% | −34.3% |
| AAPL | 1.07 | −80.4% | −50.5% | +7.0% | −33.0% | −30.7% | −23.7% |
| MSFT | 0.94 | −60.6% | −48.2% | −4.1% | −16.8% | −27.4% | −32.1% |
| NVDA | 1.86 | −68.4% | −77.5% | −41.0% | −52.2% | −32.4% | −61.8% |
| AMZN | 1.36 | −76.8% | −36.5% | +8.3% | −30.9% | −12.3% | −33.7% |
| JPM | 0.93 | −73.4% | −64.9% | −36.8% | −21.8% | −42.5% | −33.9% |
| XOM | 0.18 | −10.1% | −28.3% | −18.1% | −22.0% | −47.9% | +59.8% |
| TLT | 0.11 | −6.7%e | +25.1% | +34.6% | +4.5% | +14.2% | −29.3% |
| GLD | 0.25 | −14.8%e | +23.9% | +5.6% | +5.0% | −3.6% | −7.3% |
| Equal-weight list | −52.2% | −36.4% | −7.6% | −20.8% | −24.4% | −22.1% | |
| SPY benchmark | 1.00 | −47.5% | −55.2% | −18.6% | −19.3% | −33.7% | −24.5% |
Italic cells marked e are estimates (2): the symbol wasn't trading yet, so its two-year beta is applied to SPY's move in log terms (a high-beta name can't fall past −100%). Each window runs from SPY's peak to its trough. The bot's lgf stresstest uses the same windows and method.