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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.

2026-07-13as of
SPYbenchmark
11sectors
1leading
5lagging

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 XLF Financials $56.07 89.2 +4.2% +0.3% -13.0% +1.48 Improving chart →
2 XLI Industrials $180.37 100.1 +3.0% -5.1% +0.2% +0.27 Leading chart →
3 XLV Health Care $161.41 99.5 +2.5% -0.5% -0.6% +1.44 Improving chart →
4 XLU Utilities $45.72 94.0 +1.0% -12.6% -7.2% -0.14 Improving chart →
5 XLK Technology $181.28 117.2 -0.8% +16.7% +20.8% +0.19 Weakening chart →
6 XLY Consumer Discretionary $116.04 87.3 -1.1% -7.5% -15.4% -1.15 Lagging chart →
7 XLB Materials $50.58 92.2 -1.2% -12.8% -9.4% -1.06 Lagging chart →
8 XLC Communication Services $111.59 87.5 -2.7% -12.4% -15.1% -0.80 Lagging chart →
9 XLRE Real Estate $44.70 91.8 -3.3% -5.2% -9.9% -0.24 Lagging chart →
10 XLP Consumer Staples $84.59 88.6 -3.9% -7.1% -13.8% -0.31 Lagging chart →
11 XLE Energy $56.74 109.0 -5.4% -10.2% +10.8% -0.36 Weakening chart →

Medium term · 63 trading days (~3 months)

Rank Ticker Sector Price RS 21d 63d 1y Z Quadrant Chart
1 XLK Technology $181.28 117.2 -0.8% +16.7% +20.8% +0.19 Weakening chart →
2 XLF Financials $56.07 89.2 +4.2% +0.3% -13.0% +1.48 Improving chart →
3 XLV Health Care $161.41 99.5 +2.5% -0.5% -0.6% +1.44 Improving chart →
4 XLI Industrials $180.37 100.1 +3.0% -5.1% +0.2% +0.27 Leading chart →
5 XLRE Real Estate $44.70 91.8 -3.3% -5.2% -9.9% -0.24 Lagging chart →
6 XLP Consumer Staples $84.59 88.6 -3.9% -7.1% -13.8% -0.31 Lagging chart →
7 XLY Consumer Discretionary $116.04 87.3 -1.1% -7.5% -15.4% -1.15 Lagging chart →
8 XLE Energy $56.74 109.0 -5.4% -10.2% +10.8% -0.36 Weakening chart →
9 XLC Communication Services $111.59 87.5 -2.7% -12.4% -15.1% -0.80 Lagging chart →
10 XLU Utilities $45.72 94.0 +1.0% -12.6% -7.2% -0.14 Improving chart →
11 XLB Materials $50.58 92.2 -1.2% -12.8% -9.4% -1.06 Lagging chart →

Long term · 252 trading days (~1 year)

Rank Ticker Sector Price RS 21d 63d 1y Z Quadrant Chart
1 XLK Technology $181.28 117.2 -0.8% +16.7% +20.8% +0.19 Weakening chart →
2 XLE Energy $56.74 109.0 -5.4% -10.2% +10.8% -0.36 Weakening chart →
3 XLI Industrials $180.37 100.1 +3.0% -5.1% +0.2% +0.27 Leading chart →
4 XLV Health Care $161.41 99.5 +2.5% -0.5% -0.6% +1.44 Improving chart →
5 XLU Utilities $45.72 94.0 +1.0% -12.6% -7.2% -0.14 Improving chart →
6 XLB Materials $50.58 92.2 -1.2% -12.8% -9.4% -1.06 Lagging chart →
7 XLRE Real Estate $44.70 91.8 -3.3% -5.2% -9.9% -0.24 Lagging chart →
8 XLF Financials $56.07 89.2 +4.2% +0.3% -13.0% +1.48 Improving chart →
9 XLP Consumer Staples $84.59 88.6 -3.9% -7.1% -13.8% -0.31 Lagging chart →
10 XLC Communication Services $111.59 87.5 -2.7% -12.4% -15.1% -0.80 Lagging chart →
11 XLY Consumer Discretionary $116.04 87.3 -1.1% -7.5% -15.4% -1.15 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

  • XLI Industrials -5.1%
Improving 3

RS < 100 but 21d outperformance positive — momentum rebuilding

  • XLF Financials +0.3%
  • XLV Health Care -0.5%
  • XLU Utilities -12.6%
Weakening 2

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

  • XLK Technology +16.7%
  • XLE Energy -10.2%
Lagging 5

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

  • XLRE Real Estate -5.2%
  • XLP Consumer Staples -7.1%
  • XLY Consumer Discretionary -7.5%
  • XLC Communication Services -12.4%
  • XLB Materials -12.8%

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).