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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.

2026-06-10as of
SPYbenchmark
11sectors
2leading
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 XLV Health Care $152.85 94.8 +8.7% -7.1% -6.4% +0.15 Improving chart →
2 XLP Consumer Staples $85.49 88.0 +4.4% -5.9% -14.7% -0.03 Improving chart →
3 XLF Financials $52.23 85.0 +3.9% -1.8% -18.4% -0.12 Improving chart →
4 XLE Energy $58.25 117.6 +3.8% -4.7% +21.5% -0.41 Leading chart →
5 XLRE Real Estate $44.99 90.9 +2.8% -0.8% -11.1% +0.44 Improving chart →
6 XLK Technology $176.63 121.2 +1.2% +18.4% +26.0% +1.07 Leading chart →
7 XLU Utilities $44.00 91.7 -0.6% -11.6% -10.2% -0.89 Lagging chart →
8 XLI Industrials $169.66 97.0 -1.2% -7.2% -3.6% -0.94 Lagging chart →
9 XLC Communication Services $111.01 88.8 -2.1% -12.4% -13.7% -1.32 Lagging chart →
10 XLY Consumer Discretionary $113.49 87.4 -3.0% -7.9% -15.4% -1.60 Lagging chart →
11 XLB Materials $49.60 93.5 -3.2% -7.6% -7.9% -1.10 Lagging chart →

Medium term · 63 trading days (~3 months)

Rank Ticker Sector Price RS 21d 63d 1y Z Quadrant Chart
1 XLK Technology $176.63 121.2 +1.2% +18.4% +26.0% +1.07 Leading chart →
2 XLRE Real Estate $44.99 90.9 +2.8% -0.8% -11.1% +0.44 Improving chart →
3 XLF Financials $52.23 85.0 +3.9% -1.8% -18.4% -0.12 Improving chart →
4 XLE Energy $58.25 117.6 +3.8% -4.7% +21.5% -0.41 Leading chart →
5 XLP Consumer Staples $85.49 88.0 +4.4% -5.9% -14.7% -0.03 Improving chart →
6 XLV Health Care $152.85 94.8 +8.7% -7.1% -6.4% +0.15 Improving chart →
7 XLI Industrials $169.66 97.0 -1.2% -7.2% -3.6% -0.94 Lagging chart →
8 XLB Materials $49.60 93.5 -3.2% -7.6% -7.9% -1.10 Lagging chart →
9 XLY Consumer Discretionary $113.49 87.4 -3.0% -7.9% -15.4% -1.60 Lagging chart →
10 XLU Utilities $44.00 91.7 -0.6% -11.6% -10.2% -0.89 Lagging chart →
11 XLC Communication Services $111.01 88.8 -2.1% -12.4% -13.7% -1.32 Lagging chart →

Long term · 252 trading days (~1 year)

Rank Ticker Sector Price RS 21d 63d 1y Z Quadrant Chart
1 XLK Technology $176.63 121.2 +1.2% +18.4% +26.0% +1.07 Leading chart →
2 XLE Energy $58.25 117.6 +3.8% -4.7% +21.5% -0.41 Leading chart →
3 XLI Industrials $169.66 97.0 -1.2% -7.2% -3.6% -0.94 Lagging chart →
4 XLV Health Care $152.85 94.8 +8.7% -7.1% -6.4% +0.15 Improving chart →
5 XLB Materials $49.60 93.5 -3.2% -7.6% -7.9% -1.10 Lagging chart →
6 XLU Utilities $44.00 91.7 -0.6% -11.6% -10.2% -0.89 Lagging chart →
7 XLRE Real Estate $44.99 90.9 +2.8% -0.8% -11.1% +0.44 Improving chart →
8 XLC Communication Services $111.01 88.8 -2.1% -12.4% -13.7% -1.32 Lagging chart →
9 XLP Consumer Staples $85.49 88.0 +4.4% -5.9% -14.7% -0.03 Improving chart →
10 XLY Consumer Discretionary $113.49 87.4 -3.0% -7.9% -15.4% -1.60 Lagging chart →
11 XLF Financials $52.23 85.0 +3.9% -1.8% -18.4% -0.12 Improving 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 +18.4%
  • XLE Energy -4.7%
Improving 4

RS < 100 but 21d outperformance positive — momentum rebuilding

  • XLRE Real Estate -0.8%
  • XLF Financials -1.8%
  • XLP Consumer Staples -5.9%
  • XLV Health Care -7.1%
Weakening 0

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

  • — none
Lagging 5

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

  • XLI Industrials -7.2%
  • XLB Materials -7.6%
  • XLY Consumer Discretionary -7.9%
  • XLU Utilities -11.6%
  • XLC Communication Services -12.4%

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).