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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.

2026-06-16as of
SPYbenchmark
11sectors
2leading
2lagging

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 $54.35 86.9 +4.9% -1.9% -16.7% +0.09 Improving chart →
2 XLK Technology $186.44 123.3 +4.3% +21.6% +29.7% +1.18 Leading chart →
3 XLV Health Care $152.94 90.0 +3.9% -9.5% -12.8% -0.38 Improving chart →
4 XLI Industrials $179.85 100.5 +3.4% -3.8% +0.7% -0.12 Leading chart →
5 XLB Materials $52.72 96.8 +3.3% -5.2% -4.1% -0.43 Improving chart →
6 XLRE Real Estate $45.10 87.6 +2.8% -5.9% -15.7% -0.59 Improving chart →
7 XLU Utilities $45.06 89.5 +1.2% -15.9% -13.3% -0.89 Improving chart →
8 XLY Consumer Discretionary $118.46 88.7 +0.1% -7.3% -14.4% -1.11 Improving chart →
9 XLP Consumer Staples $85.59 85.5 -0.4% -10.5% -18.5% -0.61 Lagging chart →
10 XLC Communication Services $112.32 87.2 -4.7% -14.5% -16.3% -1.55 Lagging chart →
11 XLE Energy $55.36 102.0 -8.4% -16.9% +2.6% -1.34 Weakening chart →

Medium term · 63 trading days (~3 months)

Rank Ticker Sector Price RS 21d 63d 1y Z Quadrant Chart
1 XLK Technology $186.44 123.3 +4.3% +21.6% +29.7% +1.18 Leading chart →
2 XLF Financials $54.35 86.9 +4.9% -1.9% -16.7% +0.09 Improving chart →
3 XLI Industrials $179.85 100.5 +3.4% -3.8% +0.7% -0.12 Leading chart →
4 XLB Materials $52.72 96.8 +3.3% -5.2% -4.1% -0.43 Improving chart →
5 XLRE Real Estate $45.10 87.6 +2.8% -5.9% -15.7% -0.59 Improving chart →
6 XLY Consumer Discretionary $118.46 88.7 +0.1% -7.3% -14.4% -1.11 Improving chart →
7 XLV Health Care $152.94 90.0 +3.9% -9.5% -12.8% -0.38 Improving chart →
8 XLP Consumer Staples $85.59 85.5 -0.4% -10.5% -18.5% -0.61 Lagging chart →
9 XLC Communication Services $112.32 87.2 -4.7% -14.5% -16.3% -1.55 Lagging chart →
10 XLU Utilities $45.06 89.5 +1.2% -15.9% -13.3% -0.89 Improving chart →
11 XLE Energy $55.36 102.0 -8.4% -16.9% +2.6% -1.34 Weakening chart →

Long term · 252 trading days (~1 year)

Rank Ticker Sector Price RS 21d 63d 1y Z Quadrant Chart
1 XLK Technology $186.44 123.3 +4.3% +21.6% +29.7% +1.18 Leading chart →
2 XLE Energy $55.36 102.0 -8.4% -16.9% +2.6% -1.34 Weakening chart →
3 XLI Industrials $179.85 100.5 +3.4% -3.8% +0.7% -0.12 Leading chart →
4 XLB Materials $52.72 96.8 +3.3% -5.2% -4.1% -0.43 Improving chart →
5 XLV Health Care $152.94 90.0 +3.9% -9.5% -12.8% -0.38 Improving chart →
6 XLU Utilities $45.06 89.5 +1.2% -15.9% -13.3% -0.89 Improving chart →
7 XLY Consumer Discretionary $118.46 88.7 +0.1% -7.3% -14.4% -1.11 Improving chart →
8 XLRE Real Estate $45.10 87.6 +2.8% -5.9% -15.7% -0.59 Improving chart →
9 XLC Communication Services $112.32 87.2 -4.7% -14.5% -16.3% -1.55 Lagging chart →
10 XLF Financials $54.35 86.9 +4.9% -1.9% -16.7% +0.09 Improving chart →
11 XLP Consumer Staples $85.59 85.5 -0.4% -10.5% -18.5% -0.61 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 2

RS > 100 and 21d outperformance positive — strongest cohort

  • XLK Technology +21.6%
  • XLI Industrials -3.8%
Improving 6

RS < 100 but 21d outperformance positive — momentum rebuilding

  • XLF Financials -1.9%
  • XLB Materials -5.2%
  • XLRE Real Estate -5.9%
  • XLY Consumer Discretionary -7.3%
  • XLV Health Care -9.5%
  • XLU Utilities -15.9%
Weakening 1

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

  • XLE Energy -16.9%
Lagging 2

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

  • XLP Consumer Staples -10.5%
  • XLC Communication Services -14.5%

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).