Lab · Sector Engine · Sector

Technology across regions

Software, semiconductors, IT services. Largest weight in every region; cyclical bucket per Faber/Asness.

Snapshot Jun 23, 2026 · 4 regions × 11 sectors · refreshed daily.

Global region-weighted

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Top region for this sector

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Bottom region for this sector

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Technology across 4 regions

Same sector, four geographies, four windows. Source ETF per region noted.

Region	5d	1m	3m	YTD	Source

Cross-region spreads — Technology only

All six region-pair spreads on the selected window for this sector. Strongest absolute spread first.

Tech themes — Phase 2 sub-cuts

Seven theme drill-downs inside Technology. The GICS Tech sector is too coarse for most equity work — these themes split the sector along the lines that actually drive performance dispersion (chip supply, AI compute, software ARR, etc.).

Semiconductors

Chip design, foundry, equipment, packaging. Most concentrated sub-sector — top 10 ≈ 75% of cap.

SMH.US →

AI & Hyperscalers

Compute, training, deployment at scale. Hyperscalers + AI-native cohort.

AIQ.US →

Cloud Software

SaaS / PaaS / cloud-native software. Recurring-revenue cohort distinct from hyperscalers.

WCLD.US →

Cybersecurity

Endpoint, network, identity, cloud-native. Structurally non-discretionary spend.

CIBR.US →

Robotics & Automation

Industrial robotics, factory automation, autonomous systems, embodied AI.

ROBO.US →

FinTech

Payment networks, processors, neo-banks, financial software, crypto-rails.

FINX.US →

China Internet

Chinese internet platforms — distinct theme due to regulatory regime and ADR structure.

KWEB.US →

Diary view, not advice. Methodology in methodology.md. Back to the global heatmap.