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Loading sector rotation data…
Sector rotation is the movement of money between parts of the market as conditions change — out of defensives into cyclicals as growth expectations rise, and back again when they fall. The table below ranks all eleven GICS sectors by relative strength against the S&P 500, using each sector's SPDR ETF as its proxy, as of September 15, 2026.
Relative strength is the sector's return minus the benchmark's over the same window: a positive figure means the sector beat the index, not that it rose. A sector can lead while falling, which is exactly the signal rotation analysis exists to surface. Money flow is a volume-weighted measure of buying against selling pressure over the month. Rank change compares today's relative strength ranking with the prior reading.
| Sector | 1M vs S&P 500 | 1M return | 3M return | 1M money flow | Trend |
|---|---|---|---|---|---|
| 1. EnergyXLE · rank unchanged | +8.32% | +6.28% | +18.24% | +89.70% | Leading |
| 2. Communication ServicesXLC · rank unchanged | +3.13% | +1.09% | +1.58% | +59.70% | Leading |
| 3. Health CareXLV · rank unchanged | +2.17% | +0.14% | +9.34% | +42.65% | Leading |
| 4. FinancialsXLF · rank up 1 | -0.10% | -2.13% | +6.20% | +8.26% | Improving |
| 5. Consumer StaplesXLP · rank down 1 | -0.72% | -2.76% | -1.95% | +10.28% | Improving |
| 6. TechnologyXLK · rank unchanged | -1.32% | -3.36% | -4.06% | -10.90% | Lagging |
| 7. MaterialsXLB · rank unchanged | -1.79% | -3.83% | -3.79% | -21.52% | Lagging |
| 8. Real EstateXLRE · rank unchanged | -2.90% | -4.94% | -4.31% | -37.97% | Lagging |
| 9. Consumer DiscretionaryXLY · rank unchanged | -4.14% | -6.18% | -6.70% | -49.12% | Lagging |
| 10. UtilitiesXLU · rank unchanged | -4.45% | -6.48% | -7.55% | -50.18% | Lagging |
| 11. IndustrialsXLI · rank unchanged | -7.39% | -9.43% | -6.13% | -74.85% | Lagging |