--- title: "A Look Inside the Process at Dana: Sector-Neutral, Equal-Weighted Positions and Downside Protection" description: Learn more about Dana’s investment process. image: https://insights.danainvestment.com/hubfs/Blog%20Images/Dana-Blog-3-LinkedIn.png --- - [Home](https://www.danainvestment.com/) - About Us - [Who We Are](https://www.danainvestment.com/who-we-are/) - [Who We Serve](https://www.danainvestment.com/who-we-serve/) - [Our Responsibilities](https://www.danainvestment.com/our-responsibilities/) - [Meet The Team](https://www.danainvestment.com/meet-the-team/) - [History](https://www.danainvestment.com/history/) - [Awards](https://www.danainvestment.com/awards/) - Our Services - [Overview](https://www.danainvestment.com/overview/) - [Equity Strategies](https://www.danainvestment.com/strategy-assignment/equity-strategies/) - [Fixed Income Strategies](https://www.danainvestment.com/strategy-assignment/fixed-income-strategies/) - [Wealth Management](https://www.danainvestment.com/strategy-assignment/wealth-management/) - Insights - [The Dana Viewpoint](https://www.danainvestment.com/category/the-dana-viewpoint/) - [News & Updates](https://www.danainvestment.com/content-library-category/news-updates/) - [Content Library](https://www.danainvestment.com/content-library-category/content-library/) - [Resources](https://www.danainvestment.com/resources/) - [Contact](https://www.danainvestment.com/contact/) - [Stay Informed](https://www.danainvestment.com/stay-informed/) [![Dana Investment](https://insights.danainvestment.com/hs-fs/hubfs/raw_assets/public/DanaInvestment_May2023/images/mobile-logo.png?width=300&height=76&name=mobile-logo.png "Dana Investment")](https://www.danainvestment.com/) - About Us - [Who We Are](https://www.danainvestment.com/who-we-are/) - [Who We Serve](https://www.danainvestment.com/who-we-serve/) - [Our Responsibilities](https://www.danainvestment.com/our-responsibilities/) - [Meet The Team](https://www.danainvestment.com/meet-the-team/) - [History](https://www.danainvestment.com/history/) - [Awards](https://www.danainvestment.com/awards/) - Our Services - [Overview](https://www.danainvestment.com/overview/) - [Equity Strategies](https://www.danainvestment.com/strategy-assignment/equity-strategies/) - [Fixed Income Strategies](https://www.danainvestment.com/strategy-assignment/fixed-income-strategies/) - [Wealth Management](https://www.danainvestment.com/strategy-assignment/wealth-management/) - Thought Leadership - [Insights](https://insights.danainvestment.com/blog) - [The Dana Viewpoint](https://www.danainvestment.com/category/the-dana-viewpoint/) - [News & Updates](https://www.danainvestment.com/content-library-category/news-updates/) - [Content Library](https://www.danainvestment.com/content-library-category/content-library/) - [Resources](https://www.danainvestment.com/resources/) - [Contact](https://www.danainvestment.com/contact/) - [Stay Informed](https://www.danainvestment.com/stay-informed/) [![Dana Investment Advisors](https://insights.danainvestment.com/hs-fs/hubfs/raw_assets/public/DanaInvestment_May2023/images/header-logo.png?width=300&height=76&name=header-logo.png "Dana Investment Advisors")](https://www.danainvestment.com/) MENU CLOSE ![](https://insights.danainvestment.com/hubfs/raw_assets/public/DanaInvestment_May2023/images/search-image.png) # A Look Inside the Process at Dana: Sector-Neutral, Equal-Weighted Positions and Downside Protection Published on Jun 20, 2019, 10:57:38 AM When looking at the table below, the only real takeaway is that it’s been nearly impossible to predict relative sector performance. Notice where each year’s top-performing sector wound up the following year. Despite the randomness of sector performance, the majority of portfolio managers make active sector bets as if they have some kind of edge in doing so. [**S&P SECTOR PERFORMANCE**![S&P-500-Sector-Performance-2018-2](https://insights.danainvestment.com/hs-fs/hubfs/Blog%20Images/S%26P-500-Sector-Performance-2018-2.png?width=600&name=S%26P-500-Sector-Performance-2018-2.png)](https://insights.danainvestment.com/hubfs/Blog%20Images/S%26P-500-Sector-Performance-2018-2.png) Active management doesn’t have to include actively embracing all types of different market risks. At Dana, we manage our large- and small-cap funds to be sector-neutral, so we can focus solely on adding value through disciplined bottom-up stock selection. And this is just one aspect of our approach that separates us from our peers. In our Process Overview Presentation, we elaborate on risk controls, the factors that go into our quantitative models and how our team conducts robust fundamental analysis that has protected our clients. If you are interested in learning more about our process, **[please download our presentation here](https://info.danafunds.com/explore-danas-disciplined-repeatable-investment-process)**. 8638048-UNI-6/11/2019 [![Download Dana's Process Overview](https://no-cache.hubspot.com/cta/default/4730491/c3d0e46b-b6a8-44c6-acd1-51bd5d9ed9f1.png)](https://cta-redirect.hubspot.com/cta/redirect/4730491/c3d0e46b-b6a8-44c6-acd1-51bd5d9ed9f1) Tags: [Small Cap](https://insights.danainvestment.com/blog/tag/small-cap), [Large Cap](https://insights.danainvestment.com/blog/tag/large-cap) [Back to Blog](https://insights.danainvestment.com/blog) - [Tweet](https://twitter.com/share) ## Related Articles ## [Dana Wins First Place Award in P&I's Best Places to Work](https://insights.danainvestment.com/blog/dana-wins-first-place-award-in-pis-best-places-to-work) DANA INVESTMENT ADVISERS WINS FIRST PLACE (MONEY MANAGERS WITH 20-49 EMPLOYEES) IN PENSIONS &... [Read More](https://insights.danainvestment.com/blog/dana-wins-first-place-award-in-pis-best-places-to-work) ## [Active versus Passive Investing - The buzz over proxy voting and why it matters](https://insights.danainvestment.com/blog/active-versus-passive-investing-the-buzz-over-proxy-voting-and-why-it-matters) As more and more money has flowed into passive index funds and ETFs, there has been growing concern... [Read More](https://insights.danainvestment.com/blog/active-versus-passive-investing-the-buzz-over-proxy-voting-and-why-it-matters) ## [Spearheading Change: Principles for Responsible Investment](https://insights.danainvestment.com/blog/spearheading-change-principles-for-responsible-investment) Bringing Sustainability to the Heart of Capital Markets In late 2018, Fiona Reynolds, CEO of the... [Read More](https://insights.danainvestment.com/blog/spearheading-change-principles-for-responsible-investment) [![Dana investment Advisors](https://insights.danainvestment.com/hs-fs/hubfs/raw_assets/public/DanaInvestment_May2023/images/footer%20logo.png?width=300&height=76&name=footer%20logo.png "Dana investment Advisors")](https://www.danainvestment.com/) - - © 2026 Dana Investment|[Privacy Policy](https://www.danainvestment.com/privacy-policy) [![Ultra](https://insights.danainvestment.com/hubfs/raw_assets/public/DanaInvestment_May2023/images/bottom-image.svg "Ultra")](https://ultradesignagency.com/) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Dana Funds Investment Team", "url" : "https://insights.danainvestment.com/blog/author/dana-funds-investment-team" }, "dateModified" : "2020-01-08T23:11:30.058Z", "datePublished" : "2019-06-20T14:57:38.000Z", "headline" : "A Look Inside the Process at Dana: Sector-Neutral, Equal-Weighted Positions and Downside Protection", "image" : [ "https://insights.danainvestment.com/hubfs/Blog%20Images/Dana-Blog-3-LinkedIn.png" ], "mainEntityOfPage" : { "@id" : "https://insights.danainvestment.com/blog/sector-neutral-equal-weighted-positions-and-downside-protection", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://insights.danainvestment.com/hubfs/Logos/Dana-Investment-Adisors-Logo.png" }, "name" : "Dana Investment Advisors" } } ```