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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.

2026-07-14as of
SPYbenchmark
11sectors
0leading
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 $56.18 89.7 +5.0% -0.7% -12.5% +1.44 Improving chart →
2 XLU Utilities $45.69 93.5 +2.2% -10.7% -8.0% -0.21 Improving chart →
3 XLI Industrials $180.45 99.8 +1.1% -5.1% -0.2% +0.18 Improving chart →
4 XLV Health Care $158.29 97.7 +1.0% -2.4% -2.8% +0.80 Improving chart →
5 XLE Energy $56.95 108.1 -1.8% -9.4% +9.9% -0.33 Weakening chart →
6 XLK Technology $183.62 118.4 -1.8% +16.4% +22.4% +0.34 Weakening chart →
7 XLRE Real Estate $44.48 90.8 -2.3% -5.6% -11.2% -0.59 Lagging chart →
8 XLY Consumer Discretionary $115.90 86.6 -2.3% -7.9% -16.4% -1.28 Lagging chart →
9 XLC Communication Services $111.45 87.3 -2.5% -12.5% -15.4% -0.87 Lagging chart →
10 XLB Materials $50.64 92.4 -2.9% -12.5% -9.2% -1.13 Lagging chart →
11 XLP Consumer Staples $83.42 87.0 -3.7% -6.8% -15.8% -1.07 Lagging chart →

Medium term · 63 trading days (~3 months)

Rank Ticker Sector Price RS 21d 63d 1y Z Quadrant Chart
1 XLK Technology $183.62 118.4 -1.8% +16.4% +22.4% +0.34 Weakening chart →
2 XLF Financials $56.18 89.7 +5.0% -0.7% -12.5% +1.44 Improving chart →
3 XLV Health Care $158.29 97.7 +1.0% -2.4% -2.8% +0.80 Improving chart →
4 XLI Industrials $180.45 99.8 +1.1% -5.1% -0.2% +0.18 Improving chart →
5 XLRE Real Estate $44.48 90.8 -2.3% -5.6% -11.2% -0.59 Lagging chart →
6 XLP Consumer Staples $83.42 87.0 -3.7% -6.8% -15.8% -1.07 Lagging chart →
7 XLY Consumer Discretionary $115.90 86.6 -2.3% -7.9% -16.4% -1.28 Lagging chart →
8 XLE Energy $56.95 108.1 -1.8% -9.4% +9.9% -0.33 Weakening chart →
9 XLU Utilities $45.69 93.5 +2.2% -10.7% -8.0% -0.21 Improving chart →
10 XLB Materials $50.64 92.4 -2.9% -12.5% -9.2% -1.13 Lagging chart →
11 XLC Communication Services $111.45 87.3 -2.5% -12.5% -15.4% -0.87 Lagging chart →

Long term · 252 trading days (~1 year)

Rank Ticker Sector Price RS 21d 63d 1y Z Quadrant Chart
1 XLK Technology $183.62 118.4 -1.8% +16.4% +22.4% +0.34 Weakening chart →
2 XLE Energy $56.95 108.1 -1.8% -9.4% +9.9% -0.33 Weakening chart →
3 XLI Industrials $180.45 99.8 +1.1% -5.1% -0.2% +0.18 Improving chart →
4 XLV Health Care $158.29 97.7 +1.0% -2.4% -2.8% +0.80 Improving chart →
5 XLU Utilities $45.69 93.5 +2.2% -10.7% -8.0% -0.21 Improving chart →
6 XLB Materials $50.64 92.4 -2.9% -12.5% -9.2% -1.13 Lagging chart →
7 XLRE Real Estate $44.48 90.8 -2.3% -5.6% -11.2% -0.59 Lagging chart →
8 XLF Financials $56.18 89.7 +5.0% -0.7% -12.5% +1.44 Improving chart →
9 XLC Communication Services $111.45 87.3 -2.5% -12.5% -15.4% -0.87 Lagging chart →
10 XLP Consumer Staples $83.42 87.0 -3.7% -6.8% -15.8% -1.07 Lagging chart →
11 XLY Consumer Discretionary $115.90 86.6 -2.3% -7.9% -16.4% -1.28 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 0

RS > 100 and 21d outperformance positive — strongest cohort

  • — none
Improving 4

RS < 100 but 21d outperformance positive — momentum rebuilding

  • XLF Financials -0.7%
  • XLV Health Care -2.4%
  • XLI Industrials -5.1%
  • XLU Utilities -10.7%
Weakening 2

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

  • XLK Technology +16.4%
  • XLE Energy -9.4%
Lagging 5

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

  • XLRE Real Estate -5.6%
  • XLP Consumer Staples -6.8%
  • XLY Consumer Discretionary -7.9%
  • XLB Materials -12.5%
  • XLC Communication Services -12.5%

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).