VaultCharts

Market Brief

Where is leadership rotating? Industry and sector ETFs ranked vs SPY on 1-day through 3-month relative strength.

Sector rotation vs SPY

As of Nov 6, 2026 · Yahoo (auto-refresh ~6h)

SPY 735.291d +0.3%1w -2.7%1m -5.0%3m -4.9%
  • SPY +0.3% today · -2.7% last week · -5.0% ~1 month.
  • Leadership: XLV (Healthcare, RS 1m +14.9pp); XLP (Consumer Staples, RS 1m +13.0pp); TAN (Solar, RS 1m +10.2pp).
  • Lagging: SMH (Semiconductors, RS 1m -18.6pp); URA (Uranium, RS 1m -11.1pp); XLK (Technology, RS 1m -11.7pp).
  • 1D relative strength: URA +4.1pp, SMH +3.3pp.

Heatmap: color = relative strength vs SPY across horizons.

ETFScoreRS 1dRS 1wRS 1mRS 3mTrend
XLV · Healthcare95-0.4+2.7+14.9+14.6leading
XLP · Consumer Staples89-1.6+3.4+13.0+10.9leading
TAN · Solar87+3.1+16.1+10.2-7.2leading
XLRE · Real Estate86-1.0+4.6+12.7+4.0leading
GDX · Gold Miners84+1.8+16.3+6.0+1.7leading
XRT · Retail82-2.0+3.6+11.7+3.7leading
XHB · Homebuilders81-1.8+4.0+11.9-0.6leading
XLF · Financials80-0.9+3.9+10.4+3.8leading
XLY · Consumer Discretionary80-0.4+4.6+10.2+3.1leading
XLU · Utilities77-0.7+2.0+10.0+4.9leading
XLB · Materials76-1.0+1.2+10.4+2.6leading
KRE · Regional Banks73-0.5+3.0+8.7-0.2leading
XBI · Biotech66+2.3+0.3+6.9+1.2leading
ITA · Aerospace & Defense57+1.0+1.4+6.0-12.7leading
IWM · Russell 200056+0.7+0.7+3.6-3.9leading
XLC · Communication Services55+0.1+7.6-1.5-1.4lagging
XLI · Industrials49-0.2-0.1+1.6-7.0weakening
XLE · Energy42-0.3-9.3-0.6+7.3lagging
QQQ · Nasdaq-10029+1.1-2.3-7.2-4.1lagging
XLK · Technology14+1.1-5.5-11.7-6.7lagging
URA · Uranium10+4.1-1.4-11.1-22.2lagging
SMH · Semiconductors0+3.3-8.5-18.6-13.6lagging
Heat scale (RS vs SPY):laggingflatleading

RS = ETF return minus SPY return (percentage points) over 1 / ~5 / ~21 / ~63 sessions. 1d is shown for timing context but does not enter the score. Data auto-refreshes via Next.js cache (~6 hours).

How scoring works

Relative strength (RS) is the ETF's percent return minus SPY's return over the same window. A positive RS means the group beat the market; negative means it lagged. The composite score weights the intermediate horizons more than the very short or very long ones — matching VaultCharts desktop Discovery:

  1. Compute RS over 1d / 1w / 1m / 3m (~1 / 5 / 21 / 63 sessions).
  2. Score = 50 + RS1w×1.2 + RS1m×2.2 + RS3m×0.6, then clamp to 0–100. 1d is display-only.
  3. Trend tags (leading / improving / weakening / lagging) come from 1w + 1m RS only.

ETF universe

Sectors

  • XLK · Technology
  • XLC · Communication Services
  • XLY · Consumer Discretionary
  • XLP · Consumer Staples
  • XLE · Energy
  • XLF · Financials
  • XLV · Healthcare
  • XLI · Industrials
  • XLB · Materials
  • XLRE · Real Estate
  • XLU · Utilities

Industries

  • SMH · Semiconductors
  • XBI · Biotech
  • KRE · Regional Banks
  • XRT · Retail
  • XHB · Homebuilders
  • ITA · Aerospace & Defense
  • TAN · Solar
  • GDX · Gold Miners
  • URA · Uranium

Style / size

  • IWM · Russell 2000
  • QQQ · Nasdaq-100
  • SPY · Benchmark

FAQ

What is sector rotation?

Sector rotation is when capital shifts from one industry group to another — for example from technology into energy or defensives. Comparing industry ETFs to SPY on relative strength shows which groups are leading or lagging the broad market.

How is the Market Brief score calculated?

Each ETF gets relative strength (ETF return minus SPY return) over about 1 week, 1 month, and 3 months. Score = clamp(50 + RS1w×1.2 + RS1m×2.2 + RS3m×0.6). Expand any row to see the exact arithmetic. One-day RS is shown for context but is not in the score.

Which ETFs are included?

All 11 Select Sector SPDRs (including XLRE and XLC), plus industry sleeves such as SMH, XBI, KRE, XRT, XHB, ITA, TAN, GDX, URA, and style proxies IWM and QQQ. SPY is the benchmark.

Is this investment advice?

No. The Market Brief is an educational relative-strength dashboard. It does not recommend buys or sells. Always do your own research.

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