Fears are growing that the US Federal Reserve and other central banks will continue at their own pace to raise interest rates to stave off inflation – even at the expense of economic growth. That has weighed on the stock market, with all the major averages on track to end the week lower. On Thursday, the tech-heavy Nasdaq Composite closed lower for a fifth straight day of decline, while the Dow Jones Industrial Average and S&P 500 posted narrow gains to start the streak. four days off. And there could be more pain ahead as the stock market is now entering what has traditionally been “seasonal weakness” for stocks. Low volatility stocks Investors looking to pivot into safer bets can find solace in a portfolio of stable stocks that outperform the market. CNBC PRO used FactSet data to screen for low-volatility MSCIs World stocks that have gone up in price for the year – and still could go higher These stocks have a three-year historical beta of less than 1.” Beta” is a measure of volatility: a beta below 1 means the stock will be less volatile than the market, while a beta above 1 indicates its price will be more volatile than the market. The list was then shortened to include only stocks that are doing well this year. They’re also highly rated by the majority of analysts, with the potential to average at least 10 percent over the next 12 months, according to FactSet data. Utilities Several utility stores appear on the screen. The sector is seen as a safe haven during volatile market periods, thanks to its stable and regulated income, as well as higher dividend income compared to other sectors. Utilities outperformed every other sector on this year’s MSCI World, with the exception of the energy sector, which performed the best by far. Japan’s Tokyo Gas and Kansai Electric are among the gadget names that hit the screens, with historical betas of 0.1 and 0.3 respectively. California-based Sempra and Germany’s RWE also appear on the list. Healthcare and other sectors A quarter of the 53 names on the screen are healthcare stocks. The sector is considered a safe bet in volatile markets, due to its strong free cash flow and often strong dividend payouts. Anglo-Swedish pharmaceutical giant AstraZeneca has the lowest historical beta of the bunch, just 0.2. The stock is up nearly 30% this year, but analysts say it’s still up 26.4 percent. AbbVie in Illinois and Eli Lilly in Indiana also made the list, with historical betas of 0.7 and 0.4 respectively. Insurance company Elevance Health is also on display, albeit with a historic 1.0 beta. According to Goldman Sachs, this stock was one of the most added stocks by mutual funds in the second quarter. Several consumer staples, mainly including food and tobacco companies, also made the list. Within the group, Japan’s Nissin Foods — best known for its instant noodles — has an all-time low beta of 0. Shares are up nearly 20% this year, but analysts say it could still rise. 26%. Other food companies include Ajinomoto and George Weston, with historical betas of 0.1 and 0.3, respectively. Two tobacco companies appeared on the screen, respectively: British American Tobacco and Imperial Brands. Both stocks have historical betas of 0.8 and upside potential of about 15%. Auto parts and accessories retailer AutoZone is also on the list. The company has historically outperformed during bear markets, which may explain why analysts are so bullish on the stock, with an average potential gain of 34.7%. The monitor also uncovers a number of financial stocks, such as insurers Tokio Marine, MS & AD Insurance and WR Berkley, as well as stock market operator Deutsche Boerse.