C+

Pattern Lab · Methodology + live rankings

Sector Relative Strength.

Rotational rankings of the eleven SPDR sector ETFs against the S&P 500 (SPY). Each sector gets four readings: an RS-ratio (sector / benchmark, normalised to 100 a year ago), 21-day · 63-day · 252-day outperformance in percentage points vs SPY, and a Z-score of the current RS-ratio against its trailing 63-day mean — a mean-reversion signal. Sectors are sorted by 63-day outperformance descending and assigned a JdK-style RRG quadrant.

2026-05-12as of
SPYbenchmark
11sectors
1leading
9lagging

Sector charts

Compare any of the 12 SPDR ETFs + SPY side-by-side. Per-cell ticker, range, and oscillator toggles. Reuses the same indicator set as the Rubin charts terminal — including Directional Flow (DF) and DF % (the 0-100 tanh-normalised view).

Grid:

The rule

For each sector ETF: compute the relative-strength ratio against SPY, normalise it to 100 at the start of a 252-day window, and track its level and trajectory. Sectors above 100 with positive short-term outperformance are leading; sectors below 100 with negative outperformance are lagging. The remaining two quadrants — weakening and improving — are the rotation candidates.

The Z-score against the trailing 63-day mean is the mean-reversion overlay: a sector with Z > +2 is statistically stretched relative to its own recent history; a sector with Z < −2 is unusually compressed. Both edges are candidates for reversal, regardless of which quadrant they currently occupy.

Data is refreshed daily from EODHD (close prices). Re-run workers/jensen-backtest/scripts/fetch-sector-rs-prices.mjs and rebuild.

Rankings · three timeframes, separately sorted

Same eleven sectors, three independent sort lenses. A name that leads on 21d but lags on 252d is a fresh rotation candidate; one that leads on 252d but lags on 21d is a tired leader. The full picture only emerges when all three horizons are read together.

Short term · 21 trading days (~1 month)

Rank Ticker Sector Price RS 21d 63d 1y Z Quadrant Chart
1 XLK Technology $175.20 122.4 +12.7% +16.1% +29.6% +2.54 Leading chart →
2 XLY Consumer Discretionary $118.29 89.0 -3.8% -6.8% -14.5% -2.78 Lagging chart →
3 XLRE Real Estate $44.58 83.8 -4.0% -2.2% -21.4% -2.15 Lagging chart →
4 XLP Consumer Staples $84.44 81.1 -4.0% -9.5% -25.1% -1.56 Lagging chart →
5 XLI Industrials $174.35 98.1 -6.7% -6.4% -2.5% -1.97 Lagging chart →
6 XLC Communication Services $115.86 91.2 -6.7% -8.1% -11.6% -2.49 Lagging chart →
7 XLE Energy $57.57 109.0 -6.8% +1.2% +11.9% -1.03 Weakening chart →
8 XLB Materials $52.14 95.0 -7.7% -8.0% -6.6% -1.68 Lagging chart →
9 XLF Financials $51.58 79.4 -7.7% -10.1% -27.3% -2.45 Lagging chart →
10 XLV Health Care $145.85 84.6 -9.0% -12.7% -20.4% -1.79 Lagging chart →
11 XLU Utilities $45.19 87.6 -10.2% -4.0% -16.5% -2.16 Lagging chart →

Medium term · 63 trading days (~3 months)

Rank Ticker Sector Price RS 21d 63d 1y Z Quadrant Chart
1 XLK Technology $175.20 122.4 +12.7% +16.1% +29.6% +2.54 Leading chart →
2 XLE Energy $57.57 109.0 -6.8% +1.2% +11.9% -1.03 Weakening chart →
3 XLRE Real Estate $44.58 83.8 -4.0% -2.2% -21.4% -2.15 Lagging chart →
4 XLU Utilities $45.19 87.6 -10.2% -4.0% -16.5% -2.16 Lagging chart →
5 XLI Industrials $174.35 98.1 -6.7% -6.4% -2.5% -1.97 Lagging chart →
6 XLY Consumer Discretionary $118.29 89.0 -3.8% -6.8% -14.5% -2.78 Lagging chart →
7 XLB Materials $52.14 95.0 -7.7% -8.0% -6.6% -1.68 Lagging chart →
8 XLC Communication Services $115.86 91.2 -6.7% -8.1% -11.6% -2.49 Lagging chart →
9 XLP Consumer Staples $84.44 81.1 -4.0% -9.5% -25.1% -1.56 Lagging chart →
10 XLF Financials $51.58 79.4 -7.7% -10.1% -27.3% -2.45 Lagging chart →
11 XLV Health Care $145.85 84.6 -9.0% -12.7% -20.4% -1.79 Lagging chart →

Long term · 252 trading days (~1 year)

Rank Ticker Sector Price RS 21d 63d 1y Z Quadrant Chart
1 XLK Technology $175.20 122.4 +12.7% +16.1% +29.6% +2.54 Leading chart →
2 XLE Energy $57.57 109.0 -6.8% +1.2% +11.9% -1.03 Weakening chart →
3 XLI Industrials $174.35 98.1 -6.7% -6.4% -2.5% -1.97 Lagging chart →
4 XLB Materials $52.14 95.0 -7.7% -8.0% -6.6% -1.68 Lagging chart →
5 XLC Communication Services $115.86 91.2 -6.7% -8.1% -11.6% -2.49 Lagging chart →
6 XLY Consumer Discretionary $118.29 89.0 -3.8% -6.8% -14.5% -2.78 Lagging chart →
7 XLU Utilities $45.19 87.6 -10.2% -4.0% -16.5% -2.16 Lagging chart →
8 XLV Health Care $145.85 84.6 -9.0% -12.7% -20.4% -1.79 Lagging chart →
9 XLRE Real Estate $44.58 83.8 -4.0% -2.2% -21.4% -2.15 Lagging chart →
10 XLP Consumer Staples $84.44 81.1 -4.0% -9.5% -25.1% -1.56 Lagging chart →
11 XLF Financials $51.58 79.4 -7.7% -10.1% -27.3% -2.45 Lagging chart →

Bold-highlighted column = the timeframe each table is sorted by. The chart → link opens the per-ticker chart at /indices/stock/?t=… with OHLC + SMA + RSI. v2 follow-up: extend the Rubin-style charts terminal (full oscillator set + Directional Flow) to SPDR ETFs.


By quadrant

JdK-style RRG mapping. RS-ratio on the vertical axis (above / below 100), 21-day outperformance on the horizontal axis (positive / negative). The four quadrants encode where each sector sits in its rotational cycle.

Leading 1

RS > 100 and 21d outperformance positive — strongest cohort

  • XLK Technology +16.1%
Improving 0

RS < 100 but 21d outperformance positive — momentum rebuilding

  • — none
Weakening 1

RS > 100 but 21d outperformance turning negative — rotation candidate

  • XLE Energy +1.2%
Lagging 9

RS < 100 and 21d outperformance negative — broadly out of favor

  • XLRE Real Estate -2.2%
  • XLU Utilities -4.0%
  • XLI Industrials -6.4%
  • XLY Consumer Discretionary -6.8%
  • XLB Materials -8.0%
  • XLC Communication Services -8.1%
  • XLP Consumer Staples -9.5%
  • XLF Financials -10.1%
  • XLV Health Care -12.7%

Sector RS is a structural overlay. It says where dispersion sits across the SPDR cohort and which sectors are entering or leaving the leading-quadrant cluster. It does not say what to do about it; that's a function of the user's framework (regime, time horizon, mean-reversion vs. momentum bias).