The Delivering Alpha conference on Tuesday is hosting a heavy list of Wall Street titans. But if you're not rich enough to pay big hedge fund fees, and you're not smart enough to generate your own alpha like some of the guests at the conference, then we've got a new list of stocks for you, the ones that are delivering beta.
That's right — beta, of course, is the number that shows how closely a stock tracks the overall market. Shares with a beta equaling 1.0 mean that they generally move the same as the market. Stocks with betas of more than 1.0 have more volatility, and beta of less than 1.0 means less volatility.
Among the 10 large sectors, right now it's consumer discretionary that leads the way, tracking the market the closest in the past 50 trading days. That's followed by the industrials and health-care sectors.