Buying low-beta stocks isn't usually an exhilarating experience. By definition, they are less volatile in either direction than most of their publicly traded peers, so they likely won't ever deliver high-flying growth. However, they provide stability in spades, and can be the bedrock of your portfolio.

Spice-maker McCormick Company (NYSE: MKC) is a perfect example of a low-beta stock. However, this usually rock-solid dividend grower has been in a rare tailspin lately. It's now down by more than 30% from its 52-week high.

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Source Fool.com