The 10 stocks that have gone the longest without a 20% bear market sell-off

• There are "elite" companies that have gone years without experiencing a 20% bear market decline, Ned Davis Research says.
• The firm compiled the S&P 500 companies that have gone the longest without a bear market.
• Blue chip companies like PepsiCo, McDonald's, and Waste Management top the list.

Resilience in the stock market is a valuable trait for companies as investors seek out relative safety during bear market declines.

Some companies are in "elite" status for not experiencing a 20% decline in years, even when considering the 2022 bear market in which the S&P 500 declined by about 25%, according to a recent note from Ned Davis Research.

Ned Davis Research compiled the S&P 500 companies that have gone the longest without suffering a bear market, with some approaching 1,000 trading days, or about four years.

These are the 10 companies that haven't experienced a bear market decline in many years.

10. Arthur J. Gallagher

Ticker: AJG
Days w/o 20% correction: 989
Days since recent peak: 63

9. McDonald's

Ticker: MCD
Days w/o 20% correction: 989
Days since recent peak: 26

8. WW Grainger

Ticker: GWW
Days w/o 20% correction: 989
Days since recent peak: 16

7. McKesson

Ticker: MCK
Days w/o 20% correction: 989
Days since recent peak: 1

6. Cencora

Ticker: COR
Days w/o 20% correction: 989
Days since recent peak: 1

5. Marsh & McLennan

Ticker: MMC
Days w/o 20% correction: 989
Days since recent peak: 3

4. Republic Services

Ticker: RSG
Days w/o 20% correction: 989
Days since recent peak: 2

3. Waste Management

Ticker: WM
Days w/o 20% correction: 989
Days since recent peak: 2

2. PepsiCo

Ticker: PEP
Days w/o 20% correction: 990
Days since recent peak: 198

1. Travelers

Ticker: TRV
Days w/o 20% correction: 992
Days since recent peak: 3