During this recent correction I’ve received the same question from various investors: “Why did my best stocks drop the most?” The simple answer is that your best stocks probably had the highest Beta and therefore were expected to drop the most. So what is Beta? Beta: Coefficient that measures the volatility of a stock or ETF’s returns relative to the market (the S&P 500). A stock or ETF with a higher beta than the S&P 500 will rise or fall to a greater degree. In contrast, a stock or ETF with a low beta will rise or fall less. Let’s look at the Beta of 3 common investments: S&P 500 ETF (IVV) h…