Where everything sits versus the S&P 500 on one graph — right of center is outperforming SPY, above center means that lead is accelerating. Four quadrants: Leading (out front), Improving (the early rotation-in), Weakening (crowded leaders rolling over), Lagging. Toggle the horizon — Sprint / Tactical / 2-Quarter / 5-Quarter — and click any dot for its full profile. As of October 29, 2026 · 12:32 PM ET.
S&P sectors · relative rotation vs SPY
The 11 sectors at a glance
LeadingImprovingWeakeningLagging
Sub-industries + themes · relative rotation vs SPY
The whole field at a glance
Every sub-industry and theme plotted at once — each dot's short tail is its path over the last 4 weeks, so you can read the direction of travel. Clockwise drift (Leading → Weakening → Lagging → Improving) is the normal rotation cycle.
LeadingImprovingWeakeningLagging
● Leadership — out frontstrong trend, still carrying momentum (4 / 13 / 26-week)
#
Name
4-wk
13-wk
26-wk
1
USOCrude Oil
+10.4%
+28.0%
+25.0%
2
FCGNatural Gas
+10.3%
+12.6%
+9.0%
3
IHFHealth Providers
+10.1%
+5.1%
+28.7%
4
IHIMedical Devices
+9.6%
+4.3%
+5.4%
5
XOPOil & Gas E&P
+8.1%
+16.3%
+19.6%
6
XRTRetail
+7.2%
-2.9%
+3.6%
7
IBUYOnline Retail
+7.2%
-0.9%
+3.1%
8
KIEInsurance
+6.6%
-3.7%
+10.1%
9
IBBBiotech
+5.7%
+15.4%
+28.2%
10
KBEBanks
+4.5%
-4.0%
+5.9%
11
KRERegional Banks
+4.3%
-3.7%
+7.2%
12
KBWBBanks (KBW)
+3.8%
-3.8%
+6.4%
13
AMLPMidstream / MLPs
+2.7%
-0.3%
+7.4%
14
IAIBroker-Dealers
+2.6%
-1.6%
+3.0%
15
XBIBiotech (eq-wt)
+2.6%
+7.1%
+19.0%
16
XPHPharmaceuticals
+2.5%
-4.8%
+14.1%
17
DBCBroad Commodities
+2.3%
+13.9%
+12.2%
18
EFADeveloped ex-US
+1.3%
+0.8%
+4.0%
↗ Rotating in — the early movetrailing on trend but momentum turning up first
#
Name
4-wk
13-wk
26-wk
1
OIHOil Services
+7.5%
+11.3%
-6.3%
2
XHBHomebuilders
+3.5%
-3.8%
-7.0%
3
ITAAerospace & Defense
+3.5%
-8.8%
-0.1%
4
PAVEInfrastructure
+2.8%
-0.8%
-2.6%
5
IYTTransports
+2.5%
-5.3%
+0.0%
6
REZResidential REITs
+2.5%
-8.7%
+3.0%
7
INDAIndia
+2.2%
-3.7%
-4.5%
↘ Rolling over — crowded leaders to watchstill-strong trend but momentum fading
#
Name
4-wk
13-wk
26-wk
1
SKYYCloud Computing
+0.1%
+20.7%
+41.0%
2
CIBRCybersecurity
+0.1%
+17.0%
+54.7%
3
IGVSoftware
-0.8%
+16.3%
+26.1%
4
JETSAirlines
-2.2%
-11.3%
+5.6%
5
ARKKDisruptive Innovation
-2.4%
+22.4%
+13.0%
6
EWJJapan
-2.6%
+6.2%
+9.2%
7
SMHSemiconductors
-9.1%
+11.4%
+10.9%
· Lagging — behind and softweak trend, momentum not yet turning
#
Name
4-wk
13-wk
26-wk
1
FINXFintech
-0.1%
-4.9%
-5.5%
2
MOOAgribusiness
-0.1%
-3.3%
-1.9%
3
WOODTimber
-1.8%
-8.5%
-4.8%
4
XMEMetals & Mining
-2.9%
+3.9%
-13.9%
5
DBAAgriculture
-3.5%
-1.2%
-0.9%
6
FXIChina Large-Cap
-3.9%
-9.8%
-10.9%
7
GLDGold
-3.9%
-0.9%
-15.1%
8
TANSolar
-4.4%
-13.6%
-29.4%
9
BOTZRobotics & AI
-5.7%
-0.8%
-10.5%
10
GDXGold Miners
-6.0%
+10.8%
-13.6%
11
EEMEmerging Markets
-6.4%
+2.4%
-1.4%
12
ICLNClean Energy
-6.6%
-6.8%
-21.1%
13
URAUranium
-8.8%
-3.8%
-34.7%
14
UNGNatural Gas
-8.9%
-6.8%
-10.2%
15
COPXCopper Miners
-9.1%
-0.5%
-7.7%
16
LITLithium / Battery
-10.4%
-8.4%
-26.7%
17
SILSilver Miners
-11.7%
+3.7%
-20.2%
18
SLVSilver
-14.0%
-8.6%
-31.2%
Relative Rotation Graph vs the S&P 500 — RS-Ratio (relative strength) on the x-axis, RS-Momentum on the y-axis, 100 = the benchmark. A companion snapshot to the Sector Compass. Educational market context — not investment advice, not a recommendation. Computed live each build · October 29, 2026 · 12:32 PM ET.
Trailing total return over each window (price change to today) — a rolling-return profile: short windows read near-term drift, long windows the structural trend. Computed live each build · educational, not advice.
AlphaQuery Intelligence · Research for financial professionals. Educational content — not investment advice,
not a recommendation, and not an offer to buy or sell any security. Historical and probability-based analysis; past performance does not
guarantee future results. Figures are illustrative of the product format and refresh from live data in the delivered service. Updated October 29, 2026 · 12:32 PM ET.