Value holds steady, but low volatility steals spotlight in 2025
The value strategy has remained among the top three factor strategies since 2021. tends to perform better when markets are on an upswing. markets witnessed strong growth post-Covid-19, driven by ,robust demand, and higher government capex. On the other hand, the attained the highest rank in 2025 so far, after ranking among the bottom three strategies in three out of the four years between 2021 and 2024. With markets seeing increased turbulence in 2025 due to concerns over earnings and export growth, the low-volatility strategy outperformed.
In terms of probability of loss, the value strategy delivered negative returns in four out of 11 years, whereas the strategy posted losses in only two. Comparatively, recorded negative returns in three out of 11 years. Source: NSE. *2025 data is year-to-date based on 8 April 2025 closing values. Other years returns are calculated between the first and the last trading day closing values. Indices considered: Nifty 500