Phase 2 · Sector frameworks
Leader · Pioneer · Challenger · Median · Failure.
Every sector gets its own ecosystem. The Median shows what 'normal' looks like; the Failure is the cautionary tale.
All ecosystems
Pick a sector to see the ecosystem.
Ecosystem
Technology
- Leader—MSFT
- Pioneer—IBM
- Challenger—NVDA
- Median—AKAM
- Failure—INTC
Avg 20y CAGR
14.6%
Avg survival
22y
Median multiple
28.0×
Avg drawdown
-52%
Ecosystem
Consumer Discretionary
- Leader—AMZN
- Pioneer—MCD
- Challenger—TSLA
- Median—BBWI
- Failure—BBBY
Avg 20y CAGR
9.4%
Avg survival
19y
Median multiple
19.0×
Avg drawdown
-45%
Ecosystem
Consumer Staples
- Leader—COST
- Pioneer—KO
- Challenger—ELF
- Median—KMB
- Failure—PRGO
Avg 20y CAGR
8.7%
Avg survival
32y
Median multiple
18.0×
Avg drawdown
-22%
Ecosystem
Financials
- Leader—BRK.B
- Pioneer—JPM
- Challenger—COIN
- Median—CFG
- Failure—FRC
Avg 20y CAGR
9.1%
Avg survival
28y
Median multiple
12.0×
Avg drawdown
-52%
Ecosystem
Health Care
- Leader—LLY
- Pioneer—JNJ
- Challenger—VRTX
- Median—BDX
- Failure—SGEN
Avg 20y CAGR
11.2%
Avg survival
26y
Median multiple
19.0×
Avg drawdown
-34%
Ecosystem
Industrials
- Leader—UNP
- Pioneer—MMM
- Challenger—URI
- Median—EMR
- Failure—GE
Avg 20y CAGR
8.4%
Avg survival
31y
Median multiple
16.0×
Avg drawdown
-38%
Ecosystem
Energy
- Leader—XOM
- Pioneer—CVX
- Challenger—VST
- Median—OXY
- Failure—PARA
Avg 20y CAGR
7.2%
Avg survival
24y
Median multiple
9.0×
Avg drawdown
-56%
Ecosystem
Utilities
- Leader—NEE
- Pioneer—DUK
- Challenger—VST
- Median—AEE
- Failure—OGE
Avg 20y CAGR
6.8%
Avg survival
41y
Median multiple
17.0×
Avg drawdown
-28%