Dividend yield · top 50 of the Top 500 · long only

by finzdata-research · published 2026-10-13 · factor · top500 · 0 forks · 1 views

High trailing dividend yield marks cheap, cash-returning companies that outperform on a risk-adjusted basis. Fundamentals are point-in-time: only figures filed on or before each rebalance are used. Falsified if it does not beat the equal-weight benchmark after 10 bps costs.

Backtest

Deflated Sharpe: 0.00 (n trials: 393) — the probability the Sharpe ratio is real after the number of variants tried.

Fundamentals and survivorship: Fundamentals (dividend_yield) are point-in-time (filed on or before each date) and cover 71% of the eligible names on average. Names without SEC fundamentals, mostly companies that later delisted, are never selected; an equal-weight portfolio of only the covered names returned +2.06% a year versus all eligible names, which is the survivorship bias this backtest may carry.

Run id 0a153e0a0a47e6c3 · snapshot v2026-10-12

Spec

{
  "costs_bps": 10,
  "end": "2025-12-31",
  "rebalance": "M",
  "side": "long",
  "signal": {
    "ascending": false,
    "field": "dividend_yield",
    "type": "factor"
  },
  "start": "2011-01-01",
  "top_n": 50,
  "universe": "top500"
}

Fork this strategy

curl -X POST https://api.finzdata.com/v1/hub/s/dividend-yield-top-50-of-the-top-500-long-only-8e4326/fork \
  -H 'Authorization: Bearer YOUR_KEY' -H 'Content-Type: application/json' \
  -d '{"changes": {"signal": {"lookback": 126}}}'

Fork the FinzData strategy dividend-yield-top-50-of-the-top-500-long-only-8e4326 and test it with a 126-day lookback and 20 bps costs, then compare both runs.

Historical simulation, not investment advice.

[![FinzData](https://data.finzdata.com/badge/dividend-yield-top-50-of-the-top-500-long-only-8e4326.svg)](https://data.finzdata.com/s/dividend-yield-top-50-of-the-top-500-long-only-8e4326)