ETF Macro Technical Chartdeck

Universe breadth, sector/factor rotation, relative strength, macro sensitivity, and return extremes.

As OfJuly 25, 2026
Tickers113
History Start2010
Chart Start2024-01-01

Executive Summary

Most important current extremes and changes across the full deck.

Plain-English Read-Through

Best-positioned groups right now: Financial / Health Care Industries, Defensive Sectors, Commodities / Crypto / USD. These have the strongest blend of trend, relative strength, and recent inflection.

Financial / Health Care Industries0.63Defensive Sectors0.62Commodities / Crypto / USD0.42

Most vulnerable groups right now: Growth / Tech Leadership, Rates / Credit, Thematic / Speculative Growth. These are weaker across trend and recent change metrics.

Growth / Tech Leadership-1.04Rates / Credit-0.85Thematic / Speculative Growth-0.81

USD Shock Read-Through

If usd rises, helped: Defensive Sectors, Rates / Credit, Financial / Health Care Industries.

If usd rises, hurt: Metals / Miners, Thematic / Speculative Growth, Commodities / Crypto / USD.

If usd falls, helped: Metals / Miners, Thematic / Speculative Growth, Commodities / Crypto / USD.

If usd falls, hurt: Defensive Sectors, Rates / Credit, Financial / Health Care Industries.

Oil Shock Read-Through

If oil rises, helped: Industries / Infrastructure / Housing, Commodities / Crypto / USD, Growth / Tech Leadership.

If oil rises, hurt: Thematic / Speculative Growth, Financial / Health Care Industries, Metals / Miners.

If oil falls, helped: Thematic / Speculative Growth, Financial / Health Care Industries, Metals / Miners.

If oil falls, hurt: Industries / Infrastructure / Housing, Commodities / Crypto / USD, Growth / Tech Leadership.

Rates Shock Read-Through

If rates rises, helped: Defensive Sectors, Commodities / Crypto / USD, Rates / Credit.

If rates rises, hurt: Metals / Miners, Thematic / Speculative Growth, Growth / Tech Leadership.

If rates falls, helped: Metals / Miners, Thematic / Speculative Growth, Growth / Tech Leadership.

If rates falls, hurt: Defensive Sectors, Commodities / Crypto / USD, Rates / Credit.

Breadth Snapshot

  • Above 20DMA39.8%
  • Above 50DMA41.6%
  • Above 200DMA61.9%
  • Positive 20D Return33.6%
  • Within 5% 52W High43.4%
  • 20D New Lows14.2%

1M Leadership

  • USOOil31.5%
  • CRAKRefiners16.2%
  • GSGCommodities15.5%
  • DBCCommodities13.3%
  • XOPOil E&P12.6%
  • XLEEnergy12.0%
  • FCGNatural Gas Equities10.2%
  • OIHOil Services8.9%
  • FXIChina Large Cap8.4%
  • XESOil Services6.0%
  • DBAAgriculture5.6%
  • COALCoal4.2%

1M Laggards

  • UFOSpace-15.2%
  • ARKKSpeculative Tech-11.5%
  • QTUMQuantum/AI-10.0%
  • JETSAirlines-9.3%
  • CARZAutos-7.9%
  • URAUranium-7.7%
  • SILJJunior Silver Miners-7.3%
  • ROBORobotics-6.7%
  • XLYConsumer Discretionary-6.6%
  • URNMUranium Miners-6.4%
  • AIQAI Theme-6.3%
  • XBIBiotech-6.2%

Return Z-Score Extremes

Extended

  • CRAKRefiners2.99
  • DBCCommodities2.01
  • GSGCommodities1.90
  • USOOil1.78
  • IAKInsurance1.57
  • XLEEnergy1.50
  • XOPOil E&P1.47
  • DBAAgriculture1.20

Washed Out

  • LQDIG Credit-1.99
  • CWBConvertibles-1.99
  • MTUMMomentum-1.96
  • QTUMQuantum/AI-1.89
  • CARZAutos-1.79
  • EEMEmerging Markets-1.73
  • AIQAI Theme-1.62
  • AGGAggregate Bonds-1.59

Moving Average Extremes

Above Own Norm

  • CRAKRefiners2.36
  • DBCCommodities1.71
  • GSGCommodities1.71
  • USOOil1.64
  • DBAAgriculture1.49
  • XLEEnergy1.47
  • IAKInsurance1.45
  • XOPOil E&P1.34

Below Own Norm

  • QTUMQuantum/AI-2.02
  • UFOSpace-2.00
  • CWBConvertibles-1.99
  • CARZAutos-1.90
  • LQDIG Credit-1.81
  • EEMEmerging Markets-1.79
  • AIQAI Theme-1.78
  • XTLTelecom-1.73

Relative Strength Extremes

Improving vs SPY

  • XLFFinancials2.23
  • IYGFinancial Services2.02
  • VOMid Cap1.77
  • IWDValue1.77
  • IAKInsurance1.75
  • IBBBiotech Large Cap1.71
  • QUALQuality1.70
  • PEJLeisure1.70

Deteriorating vs SPY

  • UFOSpace-3.30
  • XLGMega Cap-2.25
  • ROBORobotics-2.16
  • XTLTelecom-2.10
  • IWFGrowth-1.71
  • CARZAutos-1.65
  • GRIDSmart Grid-1.60
  • AIQAI Theme-1.55

Signal Changes

PPO Buy Signals

SPLV, PSP, XLI

PPO Sell Signals

CWB

Inflection Leaders

Improving Fastest

  • USOOil0.99
  • GDXGold Miners0.95
  • DBCCommodities0.94
  • GDXJJunior Gold Miners0.92
  • ITAAerospace & Defense0.88
  • COPXCopper Miners0.87
  • GSGCommodities0.83
  • DXJJapan Hedged0.82

Deteriorating Fastest

  • BUGCybersecurity-1.10
  • XLYConsumer Discretionary-0.78
  • XBIBiotech-0.64
  • JETSAirlines-0.60
  • CLOUCloud-0.58
  • XTNTransportation-0.54
  • PNQIInternet-0.53
  • XLCCommunication Services-0.52

Macro Sensitivity

Most Oil-Sensitive 30D

  • GSGCommodities0.43
  • FCGNatural Gas Equities0.36
  • XOPOil E&P0.35
  • DBCCommodities0.35
  • XLEEnergy0.28
  • XESOil Services0.24
  • COALCoal0.21
  • CRAKRefiners0.19

Most Rate-Sensitive 30D

  • USOOil32.55
  • XOPOil E&P16.16
  • XLEEnergy15.99
  • FCGNatural Gas Equities15.90
  • GSGCommodities14.94
  • CRAKRefiners13.90
  • DBCCommodities9.88
  • IAKInsurance6.91

Most USD-Sensitive 30D

  • USOOil2.11
  • IAKInsurance1.81
  • IHFHealth Providers1.50
  • XLEEnergy1.34
  • KRERegional Banks1.18
  • XOPOil E&P1.06
  • UUPUS Dollar1.00
  • FCGNatural Gas Equities0.93

Macro Beta Stability

Oil Beta Shift

  • SMHSemiconductors0.30
  • COPXCopper Miners0.24
  • QTUMQuantum/AI0.22
  • MTUMMomentum0.22
  • CARZAutos0.21
  • OIHOil Services0.21

Rates Beta Shift

  • UFOSpace-15.31
  • BUGCybersecurity-13.39
  • URNMUranium Miners-12.90
  • SILJJunior Silver Miners-11.32
  • ITBHome Construction-10.76
  • URAUranium-10.68

USD Beta Shift

  • UFOSpace-2.36
  • GDXJJunior Gold Miners-2.29
  • BTC-USDBitcoin-2.19
  • SILJJunior Silver Miners-1.94
  • PALLPalladium-1.91
  • SILSilver Miners-1.88

Volatility / Risk

Highest Vol Regime

  • BUGCybersecurity99%
  • CWBConvertibles97%
  • EEMEmerging Markets96%
  • UFOSpace94%
  • IHIMedical Devices93%
  • MTUMMomentum92%
  • XLPConsumer Staples92%
  • AIQAI Theme92%

Fastest Vol Acceleration

  • IHIMedical Devices4.5%
  • EWZBrazil3.1%
  • USOOil3.0%
  • DXJJapan Hedged2.9%
  • DBAAgriculture2.6%
  • XLCCommunication Services2.5%
  • WOODTimber1.8%
  • IAKInsurance1.7%

Best Compensated Risk

  • IHFHealth Providers0.90
  • CRAKRefiners0.81
  • XLFFinancials0.77
  • UUPUS Dollar0.77
  • IHEPharma0.70
  • IYGFinancial Services0.65
  • IAKInsurance0.62
  • XLVHealth Care0.61

Worst Compensated Risk

  • SLVSilver-1.17
  • PSPPrivate Equity-1.04
  • XLYConsumer Discretionary-0.91
  • GLDGold-0.83
  • UFOSpace-0.81
  • BTC-USDBitcoin-0.80
  • DBBBase Metals-0.79
  • OIHOil Services-0.78

SPY Shock Map

SPY Up Shock: Biggest ETF Impact

  • SMHSemiconductors10.4%
  • COPXCopper Miners10.2%
  • SILJJunior Silver Miners10.2%
  • GDXJJunior Gold Miners9.6%
  • SILSilver Miners9.2%
  • CARZAutos9.2%
  • URAUranium8.8%
  • AIQAI Theme8.3%

SPY Down Shock: Biggest ETF Impact

  • IAKInsurance2.7%
  • USOOil1.9%
  • XLEEnergy1.6%
  • XLPConsumer Staples1.6%
  • XOPOil E&P1.5%
  • FCGNatural Gas Equities1.5%
  • SPLVLow Vol1.2%
  • SPHDHigh Dividend Low Vol1.0%

Most Equity-Sensitive Sleeves

  • Metals / Miners2.17
  • Growth / Tech Leadership1.77
  • Thematic / Speculative Growth1.13
  • Core Index Beta1.07
  • Commodities / Crypto / USD0.92

Regime Context

Current market backdrop across equity trend, USD, oil, rates, and ETF participation.

Equity Trend Regime

SPY defines the broad risk tape.

Above 50DMAAbove 200DMA50DMA > 200DMA
  • 30D Return Z-0.21
  • 60D Return-1.3%
  • 50DMA Dev Z-0.58

USD Regime

Dollar strength can pressure global risk and commodities.

Above 50DMAAbove 200DMA50DMA > 200DMA
  • 30D Return Z0.05
  • 60D Return3.0%
  • 50DMA Dev Z0.57

Oil Regime

Oil trend frames energy, inflation, and commodity sensitivity.

Above 50DMAAbove 200DMA50DMA > 200DMA
  • 30D Return Z1.78
  • 60D Return-0.2%
  • 50DMA Dev Z1.64

Rates Regime

10-year Treasury yield via ^TNX. Higher readings represent higher yields directly.

Above 50DMAAbove 200DMA50DMA > 200DMA
  • 10Y Yield0.47%
  • 60D Chg2 bps
  • 120D Chg2 bps

Universe Breadth Regime

Market participation across the full ETF universe.

  • Above 20DMA39.8%
  • Above 50DMA41.6%
  • Above 200DMA61.9%
  • Positive 20D Return33.6%

Signal Change And Inflection

Fastest 5- and 10-day changes in return z-score, relative strength, moving-average posture, and breadth momentum.

Fastest Technical Improvement

Return Z: return versus that ETF's own trailing history; positive is above normal.MA Dev Z: distance from the moving average versus that ETF's own history.RS Z: relative strength versus SPY, standardized versus its own history.Inflection: blend of recent changes in return trend, relative strength, and moving-average posture.
TickerInflection30D Ret Z 5D ChgRS Z 5D Chg50D MA Z 5D Chg
USOOil0.991.220.671.07
GDXGold Miners0.951.360.530.95
DBCCommodities0.941.180.750.88
GDXJJunior Gold Miners0.921.310.550.90
ITAAerospace & Defense0.880.960.541.12
COPXCopper Miners0.871.490.310.82
GSGCommodities0.830.980.710.79
DXJJapan Hedged0.821.050.710.70
HAPHard Assets0.810.870.580.97
SILSilver Miners0.781.090.480.77
FCGNatural Gas Equities0.690.560.690.81
OIHOil Services0.680.640.560.82
XMEMetals & Mining0.671.040.170.82
SLVSilver0.671.180.270.54
PAVEInfrastructure0.650.180.940.83

Fastest Technical Deterioration

Return Z: return versus that ETF's own trailing history; positive is above normal.MA Dev Z: distance from the moving average versus that ETF's own history.RS Z: relative strength versus SPY, standardized versus its own history.Inflection: blend of recent changes in return trend, relative strength, and moving-average posture.
TickerInflection30D Ret Z 5D ChgRS Z 5D Chg50D MA Z 5D Chg
BUGCybersecurity-1.10-1.06-1.05-1.19
XLYConsumer Discretionary-0.78-0.25-1.12-0.96
XBIBiotech-0.64-1.22-0.32-0.37
JETSAirlines-0.60-0.79-0.69-0.31
CLOUCloud-0.58-0.33-0.64-0.79
XTNTransportation-0.54-0.44-0.84-0.34
PNQIInternet-0.53-0.04-0.54-1.00
XLCCommunication Services-0.52-0.18-0.27-1.12
LQDIG Credit-0.47-0.78-0.03-0.59
IGVSoftware-0.46-0.06-0.64-0.67
MAGSMagnificent 7-0.460.16-0.59-0.94
IBBBiotech Large Cap-0.40-0.98-0.15-0.07
PEJLeisure-0.38-0.35-0.46-0.35
AGGAggregate Bonds-0.38-0.710.07-0.49
MBBMBS-0.38-0.730.04-0.44

Relative Strength Inflections

Return Z: return versus that ETF's own trailing history; positive is above normal.RS Z: relative strength versus SPY, standardized versus its own history.
TickerRS Z 10D ChgRS Z 5D Chg30D Ret Z 5D Chg
PAVEInfrastructure1.480.940.18
XLIIndustrials1.100.720.11
XLBMaterials1.100.540.41
DBAAgriculture1.100.65-0.11
FXIChina Large Cap1.000.170.50
DBCCommodities0.990.751.18
CRAKRefiners0.950.51-0.14
HAPHard Assets0.910.580.87
GDXJJunior Gold Miners0.900.551.31
SILSilver Miners0.900.481.09
WOODTimber0.900.280.12
GSGCommodities0.880.710.98
GDXGold Miners0.870.531.36
COPXCopper Miners0.830.311.49
SILJJunior Silver Miners0.810.370.95

Breadth Momentum

TickerLatest Reading5D Change10D Change
Above 20DMA40%9%-7%
52W New High4%3%-1%
PPO Buy Signal3%3%1%
Within 5% 52W High43%3%-4%
RSI Overbought8%2%1%
RSI Oversold4%0%4%
More Than 20% Below 52W High15%0%1%
20D New High8%-1%-14%
Above 200DMA62%-1%-6%
52W New Low0%-2%0%
PPO Sell Signal1%-2%-3%
Above 50DMA42%-4%-16%
Positive 20D Return34%-10%-24%
20D New Low14%-15%5%

Volatility Heating Up

Inflection: blend of recent changes in return trend, relative strength, and moving-average posture.Vol: annualized realized volatility from daily returns.Vol Spread: 20D realized vol minus 60D realized vol; positive means short-term risk is above the medium-term baseline.Percentile: rank versus the ETF's own trailing history.
TickerVol Pctl 5D ChgVol Spread 5D ChgInflection
XLYConsumer Discretionary25.7%5.2%-0.78
OIHOil Services19.7%-1.4%0.68
ARKKSpeculative Tech19.4%4.0%-0.27
MAGSMagnificent 717.5%2.9%-0.46
EWZBrazil16.8%2.2%0.07
WOODTimber14.2%2.2%0.22
CPERCopper13.8%3.7%0.21
XESOil Services12.6%-1.9%0.29
PFFPreferreds11.4%0.7%0.30
XLUUtilities7.8%-1.3%0.34
IGVSoftware7.7%1.2%-0.46
SOCLSocial Media7.4%-0.2%-0.16
XLCCommunication Services7.3%1.4%-0.52
PNQIInternet7.3%1.1%-0.53
HEROVideo Games7.3%1.1%-0.03

Volatility Cooling Down

Inflection: blend of recent changes in return trend, relative strength, and moving-average posture.Vol: annualized realized volatility from daily returns.Vol Spread: 20D realized vol minus 60D realized vol; positive means short-term risk is above the medium-term baseline.Percentile: rank versus the ETF's own trailing history.
TickerVol Pctl 5D ChgVol Spread 5D ChgInflection
COALCoal-12.7%2.2%0.52
XOPOil E&P-6.7%2.1%0.33
XLEEnergy-6.2%0.3%0.50
NXTG5G / Digital Infra-5.3%2.2%0.22
PAVEInfrastructure-4.8%0.4%0.65
VOMid Cap-3.2%0.8%0.11
XTNTransportation-2.8%1.8%-0.54
IWMRussell 2000-2.6%2.2%-0.37
RSPEqual Weight S&P-2.6%0.2%-0.03
XTLTelecom-2.5%0.1%-0.02
STIPShort TIPS-2.0%0.0%-0.17
XMEMetals & Mining-1.9%4.9%0.67
FCGNatural Gas Equities-1.7%1.2%0.69
GRIDSmart Grid-1.6%-0.1%0.20
XHBHomebuilders-1.5%0.2%0.01

Performance Leaders And Laggards

Sorted high-to-low on the best side and low-to-high on the worst side by trailing one-month return.

Top 20 1M Performers

Return Z: return versus that ETF's own trailing history; positive is above normal.MA Dev Z: distance from the moving average versus that ETF's own history.
Ticker1M Price Return3M Price Return60D Return Z120D Return Z20D MA Dev Z50D MA Dev Z
USOOil31.5%-3.0%-0.27-0.042.361.64
CRAKRefiners16.2%13.7%1.330.451.352.36
GSGCommodities15.5%-1.4%-0.26-0.331.921.71
DBCCommodities13.3%-1.4%-0.31-0.201.971.71
XOPOil E&P12.6%1.7%0.35-0.751.101.34
XLEEnergy12.0%0.9%0.17-0.801.431.47
FCGNatural Gas Equities10.2%-3.4%-0.10-1.081.251.08
OIHOil Services8.9%-11.8%-1.15-0.610.640.04
FXIChina Large Cap8.4%-1.9%-0.51-0.590.430.42
XESOil Services6.0%-12.5%-1.14-0.550.09-0.25
DBAAgriculture5.6%2.5%0.310.160.681.49
COALCoal4.2%-3.8%-0.92-1.190.59-0.19
WOODTimber3.9%6.5%0.950.550.760.95
EWZBrazil3.8%-0.8%-0.42-0.550.030.35
HAPHard Assets3.1%-1.5%-0.76-0.660.880.37
DBBBase Metals3.0%-4.7%-1.210.320.13-0.31
CPERCopper2.8%-1.5%-0.480.940.02-0.10
XLREReal Estate2.8%4.0%0.351.761.070.81
PSPPrivate Equity2.5%-1.6%-0.410.910.330.54
EWAAustralia2.2%1.2%-0.240.430.150.18

Worst 20 1M Performers

Return Z: return versus that ETF's own trailing history; positive is above normal.MA Dev Z: distance from the moving average versus that ETF's own history.
Ticker1M Price Return3M Price Return60D Return Z120D Return Z20D MA Dev Z50D MA Dev Z
UFOSpace-15.2%-30.5%-3.21-1.56-1.37-2.00
ARKKSpeculative Tech-11.5%-5.9%-0.810.02-1.66-1.26
QTUMQuantum/AI-10.0%-8.9%-1.561.23-1.69-2.02
JETSAirlines-9.3%10.9%0.161.03-0.97-0.71
CARZAutos-7.9%-11.2%-1.771.21-1.64-1.90
URAUranium-7.7%-18.5%-1.30-1.00-0.52-0.98
SILJJunior Silver Miners-7.3%-14.1%-1.39-1.16-0.25-0.85
ROBORobotics-6.7%-10.8%-1.900.94-1.11-1.38
XLYConsumer Discretionary-6.6%-8.0%-1.37-0.13-2.02-1.51
URNMUranium Miners-6.4%-15.1%-1.10-0.96-0.45-0.77
AIQAI Theme-6.3%-7.7%-1.561.60-1.67-1.78
XBIBiotech-6.2%14.4%0.901.13-1.30-0.16
IGVSoftware-6.0%-6.4%-0.710.81-1.23-0.67
SILSilver Miners-5.9%-14.3%-1.54-1.33-0.09-0.79
ITBHome Construction-5.6%6.9%0.540.76-0.05-0.26
SMHSemiconductors-5.3%-2.6%-0.981.71-1.09-1.36
GDXJJunior Gold Miners-5.0%-12.4%-1.54-1.42-0.02-0.70
SPHBHigh Beta-4.5%-0.5%-0.851.19-1.06-1.30
SLVSilver-4.4%-23.1%-1.59-1.20-0.21-0.86
GDXGold Miners-4.1%-11.5%-1.55-1.470.05-0.72

Universe Drilldown By Sleeve

Sleeve-level tables keep the read-through compact.

Style / Market Structure

Return Z: return versus that ETF's own trailing history; positive is above normal.MA Dev Z: distance from the moving average versus that ETF's own history.RS Z: relative strength versus SPY, standardized versus its own history.
Ticker30D Return Z60D Return Z120D Return ZRS vs SPY Z50D MA Dev Z100D MA Dev Z200D MA Dev Z
MAGSMagnificent 70.19-1.280.34-1.49-0.90-1.19-1.01
XMAGEx-Mag 7-0.73-0.132.101.54-0.550.010.72
VOMid Cap-0.290.071.621.77-0.150.120.48
IWFGrowth-0.33-1.200.82-1.71-1.05-1.11-0.71
IWDValue-0.000.362.571.770.210.641.18
SPXTEx-Tech S&P0.12-0.541.080.60-0.46-0.53-0.53

Factors / Risk Appetite

Return Z: return versus that ETF's own trailing history; positive is above normal.MA Dev Z: distance from the moving average versus that ETF's own history.RS Z: relative strength versus SPY, standardized versus its own history.
Ticker30D Return Z60D Return Z120D Return ZRS vs SPY Z50D MA Dev Z100D MA Dev Z200D MA Dev Z
SPHBHigh Beta-1.58-0.851.19-0.39-1.30-0.82-0.04
MTUMMomentum-1.96-0.832.32-0.01-1.39-0.730.44
QUALQuality0.15-0.362.001.70-0.33-0.090.34
SPHDHigh Dividend Low Vol0.850.951.031.130.961.170.78
SPLVLow Vol0.921.041.181.051.191.330.79

Core Index Beta

Return Z: return versus that ETF's own trailing history; positive is above normal.MA Dev Z: distance from the moving average versus that ETF's own history.RS Z: relative strength versus SPY, standardized versus its own history.
Ticker30D Return Z60D Return Z120D Return ZRS vs SPY Z50D MA Dev Z100D MA Dev Z200D MA Dev Z
SPYS&P 500-0.21-0.801.64n/a-0.58-0.58-0.03
QQQNasdaq 100-1.12-1.271.56-1.47-1.39-1.12-0.24
IWMRussell 2000-0.80-0.411.460.74-0.60-0.270.30
OEFS&P 1000.01-0.911.44-1.23-0.59-0.68-0.18
RSPEqual Weight S&P-0.110.211.841.61-0.040.320.60
XLGMega Cap-0.14-1.260.85-2.25-0.80-1.08-0.67

Growth / Tech Leadership

Return Z: return versus that ETF's own trailing history; positive is above normal.MA Dev Z: distance from the moving average versus that ETF's own history.RS Z: relative strength versus SPY, standardized versus its own history.
Ticker30D Return Z60D Return Z120D Return ZRS vs SPY Z50D MA Dev Z100D MA Dev Z200D MA Dev Z
XLKTechnology-0.95-0.902.05-0.57-1.04-0.630.44
SMHSemiconductors-1.55-0.981.71-0.65-1.36-0.830.20
IGVSoftware0.36-0.710.81-0.52-0.67-0.54-0.20
CLOUCloud1.03-0.111.510.37-0.090.160.83
BUGCybersecurity1.010.523.540.980.111.032.01
GRIDSmart Grid-1.58-1.890.35-1.60-1.50-1.77-1.04
AIQAI Theme-1.62-1.561.60-1.55-1.78-1.43-0.47
QTUMQuantum/AI-1.89-1.561.23-1.41-2.02-1.49-0.63
ROBORobotics-1.23-1.900.94-2.16-1.38-1.54-0.75
NXTG5G / Digital Infra-1.42-1.502.27-0.88-1.44-1.030.35
PNQIInternet0.77-0.610.42-0.31-0.33-0.68-0.72

Thematic / Speculative Growth

Return Z: return versus that ETF's own trailing history; positive is above normal.MA Dev Z: distance from the moving average versus that ETF's own history.RS Z: relative strength versus SPY, standardized versus its own history.
Ticker30D Return Z60D Return Z120D Return ZRS vs SPY Z50D MA Dev Z100D MA Dev Z200D MA Dev Z
PINKHealth Innovators-0.130.201.710.97-0.150.350.46
ARKKSpeculative Tech-0.85-0.810.02-0.66-1.26-1.04-0.84
UFOSpace-1.01-3.21-1.56-3.30-2.00-2.78-2.51
PEJLeisure-0.570.301.001.70-0.550.010.13

Cyclical Sectors

Return Z: return versus that ETF's own trailing history; positive is above normal.MA Dev Z: distance from the moving average versus that ETF's own history.RS Z: relative strength versus SPY, standardized versus its own history.
Ticker30D Return Z60D Return Z120D Return ZRS vs SPY Z50D MA Dev Z100D MA Dev Z200D MA Dev Z
XLYConsumer Discretionary-0.82-1.37-0.13-1.43-1.51-1.49-1.38
XLCCommunication Services-0.12-1.77-0.85-1.51-1.27-1.92-2.15
XLEEnergy1.500.17-0.800.231.470.640.51
XLFFinancials0.921.201.932.230.701.080.82
XLIIndustrials-0.580.301.301.500.040.260.25
XLBMaterials-0.40-0.100.310.69-0.09-0.18-0.19
XHBHomebuilders-0.960.601.001.45-0.220.250.05

Defensive Sectors

Return Z: return versus that ETF's own trailing history; positive is above normal.MA Dev Z: distance from the moving average versus that ETF's own history.RS Z: relative strength versus SPY, standardized versus its own history.
Ticker30D Return Z60D Return Z120D Return ZRS vs SPY Z50D MA Dev Z100D MA Dev Z200D MA Dev Z
XLPConsumer Staples-0.120.020.210.35-0.20-0.13-0.39
XLVHealth Care0.991.531.611.530.981.491.07
XLUUtilities-0.110.04-0.650.530.580.21-0.39
XLREReal Estate0.540.351.760.920.810.680.96

Industries / Infrastructure / Housing

Return Z: return versus that ETF's own trailing history; positive is above normal.MA Dev Z: distance from the moving average versus that ETF's own history.RS Z: relative strength versus SPY, standardized versus its own history.
Ticker30D Return Z60D Return Z120D Return ZRS vs SPY Z50D MA Dev Z100D MA Dev Z200D MA Dev Z
XTLTelecom-1.21-2.29-0.59-2.10-1.73-1.93-1.11
SOCLSocial Media0.73-0.270.250.31-0.49-0.57-0.89
HEROVideo Games0.56-0.70-0.56-0.24-0.46-0.88-1.13
XESOil Services-0.20-1.14-0.55-0.91-0.25-0.75-0.30
XOPOil E&P1.470.35-0.750.341.340.580.71
OIHOil Services0.18-1.15-0.61-0.880.04-0.68-0.29
CRAKRefiners2.991.330.451.442.361.471.15
FCGNatural Gas Equities1.14-0.10-1.08-0.081.080.160.23
COALCoal0.19-0.92-1.19-0.10-0.19-0.59-0.73
NUKZNuclear-0.94-1.30-0.88-1.06-0.87-1.29-1.61
JETSAirlines-1.190.161.030.95-0.710.080.17
PAVEInfrastructure-0.96-0.140.961.10-0.22-0.190.08
ITAAerospace & Defense-0.25-0.030.160.77-0.180.08-0.69
XTNTransportation-0.460.041.481.03-0.48-0.010.51
CARZAutos-1.79-1.771.21-1.65-1.90-1.59-0.42
ITBHome Construction-0.900.540.761.10-0.260.18-0.07

Financial / Health Care Industries

Return Z: return versus that ETF's own trailing history; positive is above normal.MA Dev Z: distance from the moving average versus that ETF's own history.RS Z: relative strength versus SPY, standardized versus its own history.
Ticker30D Return Z60D Return Z120D Return ZRS vs SPY Z50D MA Dev Z100D MA Dev Z200D MA Dev Z
KRERegional Banks-0.140.461.111.290.120.440.45
IAKInsurance1.572.002.581.751.452.102.03
PSPPrivate Equity1.10-0.410.910.350.54-0.02-0.38
IYGFinancial Services0.560.821.532.020.400.690.46
IAIBroker Dealers0.500.050.950.72-0.13-0.05-0.14
XBIBiotech-0.470.901.131.57-0.160.460.59
IBBBiotech Large Cap0.181.131.061.710.340.770.53
IHFHealth Providers0.481.443.541.500.441.212.24
IHIMedical Devices0.090.08-0.540.590.040.09-1.02
IHEPharma1.081.371.741.591.031.501.28

Rates / Credit

Return Z: return versus that ETF's own trailing history; positive is above normal.MA Dev Z: distance from the moving average versus that ETF's own history.RS Z: relative strength versus SPY, standardized versus its own history.
Ticker30D Return Z60D Return Z120D Return ZRS vs SPY Z50D MA Dev Z100D MA Dev Z200D MA Dev Z
STIPShort TIPS-0.59-1.44-0.960.52-1.10-1.65-1.74
SHY1-3Y Treasury-0.84-0.88-1.040.59-0.91-1.10-1.73
TIPTIPS-1.27-1.26-0.530.44-1.34-1.48-1.65
IEF7-10Y Treasury-1.27-0.67-0.650.45-1.03-0.96-1.37
TLT20Y Treasury-1.51-0.43-0.350.38-1.08-0.78-0.94
AGGAggregate Bonds-1.59-0.89-0.630.46-1.35-1.21-1.55
CWBConvertibles-1.99-1.741.21-1.19-1.99-1.77-0.66
EMLCEM Local Debt-0.59-0.540.180.50-0.89-0.83-1.06
EMBEM USD Debt-1.47-0.910.230.53-1.62-1.39-1.35
HYGHigh Yield-0.93-1.120.060.56-1.22-1.29-1.44
LQDIG Credit-1.99-1.25-0.540.31-1.81-1.59-1.68
BKLNBank Loans0.57-0.300.300.740.26-0.30-0.54
MBBMBS-1.57-0.88-0.660.43-1.28-1.19-1.54
PFFPreferreds-0.37-1.240.040.10-1.04-1.33-1.19

Metals / Miners

Return Z: return versus that ETF's own trailing history; positive is above normal.MA Dev Z: distance from the moving average versus that ETF's own history.RS Z: relative strength versus SPY, standardized versus its own history.
Ticker30D Return Z60D Return Z120D Return ZRS vs SPY Z50D MA Dev Z100D MA Dev Z200D MA Dev Z
XMEMetals & Mining-0.95-1.66-0.83-1.30-1.19-1.57-1.45
COPXCopper Miners-0.08-1.11-0.18-0.61-0.47-0.84-0.90
HAPHard Assets0.41-0.76-0.66-0.110.37-0.49-0.63
WOODTimber0.560.950.551.570.950.85-0.10
GDXGold Miners-0.43-1.55-1.47-0.96-0.72-1.49-2.07
GDXJJunior Gold Miners-0.39-1.54-1.42-1.01-0.70-1.51-2.08
SILSilver Miners-0.55-1.54-1.33-1.14-0.79-1.54-1.97
SILJJunior Silver Miners-0.58-1.39-1.16-1.02-0.85-1.41-1.71
URNMUranium Miners-0.63-1.10-0.96-0.77-0.77-1.24-1.41

International Equity

Return Z: return versus that ETF's own trailing history; positive is above normal.MA Dev Z: distance from the moving average versus that ETF's own history.RS Z: relative strength versus SPY, standardized versus its own history.
Ticker30D Return Z60D Return Z120D Return ZRS vs SPY Z50D MA Dev Z100D MA Dev Z200D MA Dev Z
EWAAustralia0.41-0.240.430.530.18-0.26-0.32
EWZBrazil0.41-0.42-0.550.020.35-0.51-0.65
FXIChina Large Cap1.01-0.51-0.59-0.070.42-0.40-1.10
EEMEmerging Markets-1.73-1.781.07-0.77-1.79-1.76-0.92
EZUEurozone-0.51-0.551.340.35-0.62-0.39-0.33
INDAIndia-0.65-0.100.770.57-0.52-0.33-0.54
DXJJapan Hedged0.04-0.060.730.700.020.170.15
EWUUnited Kingdom0.42-0.420.410.390.32-0.09-0.58

Commodities / Crypto / USD

Return Z: return versus that ETF's own trailing history; positive is above normal.MA Dev Z: distance from the moving average versus that ETF's own history.RS Z: relative strength versus SPY, standardized versus its own history.
Ticker30D Return Z60D Return Z120D Return ZRS vs SPY Z50D MA Dev Z100D MA Dev Z200D MA Dev Z
DBAAgriculture1.200.310.160.721.490.680.75
DBBBase Metals0.23-1.210.32-0.51-0.31-0.81-0.59
BTC-USDBitcoin0.53-0.84-0.26-0.740.17-0.59-0.68
DBCCommodities2.01-0.31-0.20-0.021.710.240.66
GSGCommodities1.90-0.26-0.33-0.061.710.240.67
USOOil1.78-0.27-0.04-0.221.640.280.83
GLDGold-0.31-1.78-1.88-1.01-0.86-1.79-2.60
SLVSilver-0.24-1.59-1.20-1.31-0.86-1.55-1.78
URAUranium-0.85-1.30-1.00-1.10-0.98-1.49-1.56
PLTMPlatinum-0.25-1.39-1.21-1.12-0.64-1.39-1.77
PALLPalladium0.31-0.94-0.85-0.53-0.29-0.99-1.58
CPERCopper0.31-0.480.94-0.05-0.10-0.22-0.05
UUPUS Dollar0.050.900.431.110.570.920.99

Relative / Absolute Strength By Sleeve

X-axis is 63D relative strength versus SPY, z-scored against each ETF's own relative history. Y-axis is a multi-horizon absolute trend composite z-score.

Style / Market Structure

Factors / Risk Appetite

Core Index Beta

Growth / Tech Leadership

Thematic / Speculative Growth

Cyclical Sectors

Defensive Sectors

Industries / Infrastructure / Housing

Financial / Health Care Industries

Rates / Credit

Metals / Miners

International Equity

Commodities / Crypto / USD

Improving Leadership

CRAK, IAK, IHE, XLV, SPLV, XLE, IHF, SPHD, XOP, DBA, XLF, XLRE, WOOD, UUP, BUG, IYG, IWD, IBB

Deteriorating Laggards

UFO, XTL, CWB, XLC, QTUM, CARZ, EEM, XLY, GRID, AIQ, GLD, ROBO, XME, URA, QQQ, ARKK, SIL, SLV

Extreme Low / Washed Out

LQD, HYG, EMB, UFO, XLY, TLT, TIP, QTUM, AGG, ARKK, XTL, CARZ, MAGS, MBB, XLC, STIP, SHY, URA

Extreme Extended

XLE, USO, DBC, GSG

5 Day Move Versus 3 Year Normal

Sorted from largest positive 5-day z-score to most negative.

USOOil1.76z | 8.9%
ITAAerospace & Defense1.66z | 4.7%
IHEPharma1.56z | 3.6%
XLUUtilities1.54z | 3.0%
DBCCommodities1.43z | 3.3%
HAPHard Assets1.35z | 2.9%
GSGCommodities1.32z | 3.6%
PAVEInfrastructure1.29z | 3.6%
GDXGold Miners1.16z | 6.3%
FCGNatural Gas Equities1.14z | 4.1%
XLIIndustrials1.12z | 2.5%
GDXJJunior Gold Miners1.09z | 6.7%
XLVHealth Care1.08z | 2.1%
XLBMaterials1.08z | 2.5%
OIHOil Services1.04z | 4.4%
COPXCopper Miners1.01z | 5.2%
SPLVLow Vol0.98z | 1.4%
DXJJapan Hedged0.96z | 2.9%
XLEEnergy0.95z | 2.9%
XMEMetals & Mining0.94z | 4.1%
EWUUnited Kingdom0.91z | 1.8%
SILSilver Miners0.86z | 5.6%
UUPUS Dollar0.80z | 0.7%
XLREReal Estate0.77z | 1.6%
XHBHomebuilders0.67z | 2.2%
PSPPrivate Equity0.65z | 1.7%
NUKZNuclear0.63z | 3.0%
WOODTimber0.61z | 1.3%
XOPOil E&P0.60z | 2.4%
SILJJunior Silver Miners0.59z | 4.4%
XMAGEx-Mag 70.58z | 1.2%
URAUranium0.52z | 3.2%
ITBHome Construction0.52z | 1.8%
SLVSilver0.48z | 3.2%
IAKInsurance0.48z | 1.2%
PINKHealth Innovators0.44z | 1.1%
URNMUranium Miners0.42z | 2.4%
DBAAgriculture0.40z | 0.8%
SPHDHigh Dividend Low Vol0.38z | 0.7%
COALCoal0.38z | 1.5%
MTUMMomentum0.33z | 1.2%
VOMid Cap0.33z | 0.8%
GLDGold0.31z | 1.2%
XESOil Services0.30z | 1.5%
NXTG5G / Digital Infra0.26z | 1.0%
IBBBiotech Large Cap0.26z | 0.9%
EWAAustralia0.25z | 0.7%
DBBBase Metals0.24z | 0.7%
RSPEqual Weight S&P0.20z | 0.5%
EZUEurozone0.19z | 0.7%
IWDValue0.16z | 0.5%
EWZBrazil0.15z | 0.7%
ROBORobotics0.13z | 0.7%
XLFFinancials0.12z | 0.5%
CRAKRefiners0.11z | 0.6%
IYGFinancial Services0.08z | 0.5%
SPHBHigh Beta-0.01z | 0.4%
IHFHealth Providers-0.02z | 0.1%
SMHSemiconductors-0.05z | 0.4%
GRIDSmart Grid-0.06z | 0.2%
XLKTechnology-0.08z | 0.1%
PLTMPlatinum-0.09z | 0.0%
CPERCopper-0.14z | -0.2%
QUALQuality-0.14z | -0.1%
KRERegional Banks-0.19z | -0.2%
BKLNBank Loans-0.22z | 0.0%
UFOSpace-0.22z | -0.2%
XBIBiotech-0.22z | -0.3%
IWMRussell 2000-0.28z | -0.4%
PALLPalladium-0.29z | -1.1%
EEMEmerging Markets-0.29z | -0.4%
BTC-USDBitcoin-0.30z | -1.4%
IAIBroker Dealers-0.31z | -0.4%
IHIMedical Devices-0.33z | -0.7%
SPYS&P 500-0.36z | -0.4%
CWBConvertibles-0.38z | -0.3%
XTLTelecom-0.47z | -0.7%
FXIChina Large Cap-0.50z | -1.3%
QTUMQuantum/AI-0.50z | -1.1%
JETSAirlines-0.53z | -1.6%
TLT20Y Treasury-0.54z | -0.8%
PEJLeisure-0.57z | -1.1%
INDAIndia-0.60z | -1.1%
XTNTransportation-0.60z | -1.6%
PFFPreferreds-0.62z | -0.5%
OEFS&P 100-0.62z | -1.0%
CARZAutos-0.64z | -1.7%
XLPConsumer Staples-0.65z | -0.9%
XLGMega Cap-0.67z | -1.2%
IWFGrowth-0.72z | -1.5%
SPXTEx-Tech S&P-0.75z | -1.0%
AIQAI Theme-0.77z | -2.0%
QQQNasdaq 100-0.81z | -1.7%
IEF7-10Y Treasury-0.87z | -0.5%
EMLCEM Local Debt-0.90z | -0.6%
MBBMBS-0.94z | -0.5%
ARKKSpeculative Tech-0.99z | -4.1%
HEROVideo Games-1.01z | -2.4%
AGGAggregate Bonds-1.02z | -0.5%
SHY1-3Y Treasury-1.10z | -0.1%
STIPShort TIPS-1.16z | -0.2%
TIPTIPS-1.19z | -0.5%
LQDIG Credit-1.23z | -0.9%
EMBEM USD Debt-1.24z | -0.8%
HYGHigh Yield-1.35z | -0.6%
CLOUCloud-1.51z | -5.1%
IGVSoftware-1.57z | -5.4%
SOCLSocial Media-1.58z | -4.7%
PNQIInternet-1.84z | -4.6%
MAGSMagnificent 7-1.89z | -5.6%
BUGCybersecurity-1.91z | -6.4%
XLYConsumer Discretionary-1.92z | -4.5%
XLCCommunication Services-2.16z | -4.1%

ETF Breadth Health Versus SPY

Each panel pairs SPY price path with the ETF-universe percentage meeting the breadth condition.

Above 20DMA

Latest39.8%3Y Range0.0% - 98.2%

Above 50DMA

Latest41.6%3Y Range0.0% - 97.3%

Above 200DMA

Latest61.9%3Y Range0.0% - 97.3%

RSI Oversold

Latest4.4%3Y Range0.0% - 90.3%

RSI Overbought

Latest8.0%3Y Range0.0% - 69.0%

20D New High

Latest8.0%3Y Range0.0% - 84.1%

20D New Low

Latest14.2%3Y Range0.0% - 92.9%

52W New High

Latest4.4%3Y Range0.0% - 58.4%

52W New Low

Latest0.0%3Y Range0.0% - 82.3%

Positive 20D Return

Latest33.6%3Y Range0.0% - 98.2%

Within 5% 52W High

Latest43.4%3Y Range0.0% - 87.6%

More Than 20% Below 52W High

Latest15.0%3Y Range0.0% - 86.7%

PPO Buy Signal

Latest2.7%3Y Range0.0% - 47.8%

PPO Sell Signal

Latest0.9%3Y Range0.0% - 60.2%

Macro Beta Stability

Compares current 60-day beta to 1-year beta. Large positive shifts mean sensitivity is rising; large negative shifts mean sensitivity is fading or flipping lower.

USD Beta Becoming More Positive

Beta: estimated sensitivity to the stated factor over the stated window.Shift: current 60D reading minus the 1Y reading; positive means sensitivity has risen.
TickerUSD Beta 60DUSD Beta 1YUSD Beta Shift
IAKInsurance1.350.151.20
PEJLeisure-0.60-1.080.49
XBIBiotech-1.21-1.680.48
HEROVideo Games-0.98-1.390.42
IBBBiotech Large Cap-0.87-1.230.36
SLVSilver-5.58-5.930.35
XLREReal Estate-0.33-0.630.30
XLPConsumer Staples0.00-0.290.29
KRERegional Banks-0.32-0.610.29
SPLVLow Vol0.07-0.150.22
IHEPharma-0.50-0.710.21
IHIMedical Devices-0.35-0.540.19
ROBORobotics-1.92-2.080.16
PINKHealth Innovators-0.71-0.870.16
JETSAirlines-1.70-1.850.15

USD Beta Becoming More Negative

Beta: estimated sensitivity to the stated factor over the stated window.Shift: current 60D reading minus the 1Y reading; positive means sensitivity has risen.
TickerUSD Beta 60DUSD Beta 1YUSD Beta Shift
UFOSpace-5.12-2.76-2.36
GDXJJunior Gold Miners-7.51-5.22-2.29
BTC-USDBitcoin-3.60-1.41-2.19
SILJJunior Silver Miners-7.35-5.41-1.94
PALLPalladium-5.67-3.76-1.91
SILSilver Miners-6.97-5.09-1.88
GDXGold Miners-6.36-4.58-1.78
USOOil1.142.81-1.67
BUGCybersecurity-2.30-0.64-1.67
PSPPrivate Equity-2.64-1.37-1.27
COPXCopper Miners-6.24-4.99-1.25
MAGSMagnificent 7-2.61-1.37-1.25
COALCoal-2.25-1.04-1.21
XMEMetals & Mining-3.90-2.79-1.11
GSGCommodities-0.140.97-1.11

Oil Beta Becoming More Positive

Beta: estimated sensitivity to the stated factor over the stated window.Shift: current 60D reading minus the 1Y reading; positive means sensitivity has risen.
TickerOil Beta 60DOil Beta 1YOil Beta Shift
SMHSemiconductors0.11-0.190.30
COPXCopper Miners-0.03-0.270.24
QTUMQuantum/AI0.05-0.170.22
MTUMMomentum0.09-0.130.22
CARZAutos0.01-0.200.21
OIHOil Services0.320.120.21
XESOil Services0.350.150.19
AIQAI Theme0.04-0.150.19
XMEMetals & Mining0.07-0.110.19
EEMEmerging Markets-0.01-0.200.19
GRIDSmart Grid0.02-0.150.17
NXTG5G / Digital Infra0.04-0.130.17
XLKTechnology0.05-0.120.17
ROBORobotics-0.09-0.220.14
NUKZNuclear-0.05-0.190.13

Oil Beta Becoming More Negative

Beta: estimated sensitivity to the stated factor over the stated window.Shift: current 60D reading minus the 1Y reading; positive means sensitivity has risen.
TickerOil Beta 60DOil Beta 1YOil Beta Shift
JETSAirlines-0.50-0.42-0.08
ITBHome Construction-0.33-0.25-0.07
XLYConsumer Discretionary-0.25-0.19-0.07
PNQIInternet-0.17-0.11-0.05
GLDGold-0.09-0.04-0.05
XLCCommunication Services-0.13-0.08-0.05
XLPConsumer Staples-0.08-0.04-0.05
SPLVLow Vol-0.07-0.02-0.04
XLBMaterials-0.15-0.11-0.04
GSGCommodities0.460.50-0.04
XLFFinancials-0.12-0.09-0.04
DBAAgriculture0.020.06-0.04
IYGFinancial Services-0.14-0.10-0.04
SPHDHigh Dividend Low Vol-0.06-0.02-0.04
KRERegional Banks-0.18-0.14-0.03

Rates Beta Becoming More Positive

Beta: estimated sensitivity to the stated factor over the stated window.Shift: current 60D reading minus the 1Y reading; positive means sensitivity has risen.
TickerRates Beta 60DRates Beta 1YRates Beta Shift
FXIChina Large Cap3.85-6.6310.48
IAKInsurance6.08-1.757.83
HEROVideo Games-1.37-8.377.00
XLREReal Estate-3.03-8.665.63
DBBBase Metals-2.74-7.975.23
EWZBrazil-8.54-13.474.93
XLUUtilities-3.27-8.164.89
SOCLSocial Media-8.42-12.804.38
SPLVLow Vol0.00-4.374.37
SLVSilver-16.84-21.074.23
XLVHealth Care-3.72-7.914.19
IHEPharma-6.56-10.523.96
IHFHealth Providers0.35-3.503.85
XLPConsumer Staples-0.67-4.293.63
CPERCopper-11.50-14.933.44

Rates Beta Becoming More Negative

Beta: estimated sensitivity to the stated factor over the stated window.Shift: current 60D reading minus the 1Y reading; positive means sensitivity has risen.
TickerRates Beta 60DRates Beta 1YRates Beta Shift
UFOSpace-31.07-15.77-15.31
BUGCybersecurity-20.21-6.82-13.39
URNMUranium Miners-29.66-16.77-12.90
SILJJunior Silver Miners-38.31-26.99-11.32
ITBHome Construction-37.61-26.85-10.76
URAUranium-30.16-19.49-10.68
JETSAirlines-35.46-25.78-9.68
ARKKSpeculative Tech-28.79-19.23-9.56
SILSilver Miners-34.54-25.29-9.25
XHBHomebuilders-35.06-26.68-8.38
GDXJJunior Gold Miners-35.22-27.58-7.63
XLYConsumer Discretionary-21.12-13.85-7.27
SPHBHigh Beta-20.22-13.89-6.33
PLTMPlatinum-20.91-15.23-5.68
PNQIInternet-14.28-8.61-5.67

Macro Sensitivity: 30 / 60 Days

Betas and correlations to USD, oil, and rising-rate proxy returns over the 30D and 60D windows.

30D Factor Sensitivity

Oil Up Sensitivity

Highest positive beta: these ETFs have historically tended to rise the most when oil rises over this window.

Beta: estimated sensitivity to the stated factor over the stated window.Corr: correlation to the stated factor; higher absolute value means a tighter relationship.
TickerOil BetaOil Corr
GSGCommodities0.430.92
FCGNatural Gas Equities0.360.73
XOPOil E&P0.350.72
DBCCommodities0.350.91
XLEEnergy0.280.73

Oil Down Sensitivity

Most negative beta: these ETFs have historically tended to benefit when oil falls, or lag when it rises.

Beta: estimated sensitivity to the stated factor over the stated window.Corr: correlation to the stated factor; higher absolute value means a tighter relationship.
TickerOil BetaOil Corr
JETSAirlines-0.41-0.82
SILJJunior Silver Miners-0.33-0.35
GDXJJunior Gold Miners-0.33-0.34
SLVSilver-0.32-0.43
IGVSoftware-0.31-0.56

Rates Up Sensitivity

Highest positive beta: these ETFs have historically tended to rise the most when rates rises over this window.

Beta: estimated sensitivity to the stated factor over the stated window.Corr: correlation to the stated factor; higher absolute value means a tighter relationship.
TickerRates BetaRates Corr
USOOil32.550.35
XOPOil E&P16.160.35
XLEEnergy15.990.45
FCGNatural Gas Equities15.900.34
GSGCommodities14.940.35

Rates Down Sensitivity

Most negative beta: these ETFs have historically tended to benefit when rates falls, or lag when it rises.

Beta: estimated sensitivity to the stated factor over the stated window.Corr: correlation to the stated factor; higher absolute value means a tighter relationship.
TickerRates BetaRates Corr
SILJJunior Silver Miners-31.76-0.36
GDXJJunior Gold Miners-30.35-0.33
BUGCybersecurity-27.99-0.34
SILSilver Miners-27.03-0.34
PALLPalladium-25.79-0.38

USD Up Sensitivity

Highest positive beta: these ETFs have historically tended to rise the most when usd rises over this window.

Beta: estimated sensitivity to the stated factor over the stated window.Corr: correlation to the stated factor; higher absolute value means a tighter relationship.
TickerUSD BetaUSD Corr
USOOil2.110.19
IAKInsurance1.810.33
IHFHealth Providers1.500.36
XLEEnergy1.340.32
KRERegional Banks1.180.27

USD Down Sensitivity

Most negative beta: these ETFs have historically tended to benefit when usd falls, or lag when it rises.

Beta: estimated sensitivity to the stated factor over the stated window.Corr: correlation to the stated factor; higher absolute value means a tighter relationship.
TickerUSD BetaUSD Corr
PALLPalladium-4.27-0.53
GDXJJunior Gold Miners-3.97-0.37
SILJJunior Silver Miners-3.61-0.35
URNMUranium Miners-3.44-0.37
UFOSpace-3.32-0.40

60D Factor Sensitivity

Oil Up Sensitivity

Highest positive beta: these ETFs have historically tended to rise the most when oil rises over this window.

Beta: estimated sensitivity to the stated factor over the stated window.Corr: correlation to the stated factor; higher absolute value means a tighter relationship.
TickerOil BetaOil Corr
GSGCommodities0.460.94
FCGNatural Gas Equities0.400.71
XOPOil E&P0.400.72
DBCCommodities0.380.92
XESOil Services0.350.50

Oil Down Sensitivity

Most negative beta: these ETFs have historically tended to benefit when oil falls, or lag when it rises.

Beta: estimated sensitivity to the stated factor over the stated window.Corr: correlation to the stated factor; higher absolute value means a tighter relationship.
TickerOil BetaOil Corr
JETSAirlines-0.50-0.72
ITBHome Construction-0.33-0.49
XLYConsumer Discretionary-0.25-0.54
XHBHomebuilders-0.25-0.41
GDXJJunior Gold Miners-0.25-0.20

Rates Up Sensitivity

Highest positive beta: these ETFs have historically tended to rise the most when rates rises over this window.

Beta: estimated sensitivity to the stated factor over the stated window.Corr: correlation to the stated factor; higher absolute value means a tighter relationship.
TickerRates BetaRates Corr
USOOil35.800.42
FCGNatural Gas Equities18.810.39
XOPOil E&P18.740.40
XLEEnergy16.870.45
GSGCommodities14.430.35

Rates Down Sensitivity

Most negative beta: these ETFs have historically tended to benefit when rates falls, or lag when it rises.

Beta: estimated sensitivity to the stated factor over the stated window.Corr: correlation to the stated factor; higher absolute value means a tighter relationship.
TickerRates BetaRates Corr
SILJJunior Silver Miners-38.31-0.37
ITBHome Construction-37.61-0.67
JETSAirlines-35.46-0.61
GDXJJunior Gold Miners-35.22-0.34
XHBHomebuilders-35.06-0.68

USD Up Sensitivity

Highest positive beta: these ETFs have historically tended to rise the most when usd rises over this window.

Beta: estimated sensitivity to the stated factor over the stated window.Corr: correlation to the stated factor; higher absolute value means a tighter relationship.
TickerUSD BetaUSD Corr
IAKInsurance1.350.29
USOOil1.140.11
UUPUS Dollar1.001.00
XLEEnergy0.290.06
IHFHealth Providers0.180.05

USD Down Sensitivity

Most negative beta: these ETFs have historically tended to benefit when usd falls, or lag when it rises.

Beta: estimated sensitivity to the stated factor over the stated window.Corr: correlation to the stated factor; higher absolute value means a tighter relationship.
TickerUSD BetaUSD Corr
GDXJJunior Gold Miners-7.51-0.60
SILJJunior Silver Miners-7.35-0.58
SILSilver Miners-6.97-0.59
GDXGold Miners-6.36-0.59
COPXCopper Miners-6.24-0.53

Volatility And Risk Context

Cleaner risk lens using realized volatility, vol percentile versus 3-year history, return/vol ratios, downside volatility, and negative-day rate.

Raw realized vol is left mostly neutral; the risk colors focus on context: vol percentile, vol acceleration, downside dominance, current vol versus weak-tape vol, and negative-day rate. Reward Score and Compensated Risk Score shade green when risk is being rewarded by return.
Vol 20D / Vol 60DAnnualized realized volatility from daily returns over the last 20 or 60 trading days.
Vol 60D PercentileWhere current 60D realized vol ranks versus its own trailing 3-year history. Higher means the ETF is in a hotter risk regime.
20D Vol - 60D VolCurrent 20D realized vol minus current 60D realized vol. Positive means short-term risk is running above the medium-term baseline.
Vol ROC 20D ZZ-score of the 20-day rate of change in 20D realized vol versus its own history. It flags unusual vol acceleration or cooling.
Reward Score 60D60D price return divided by 60D realized vol. Higher means return has been strong relative to the risk taken.
Compensated Risk ScoreReward Score 60D minus a downside-volatility penalty. It matters because it separates useful high-vol momentum from unrewarded, downside-heavy risk.
Downside Ratio60D downside vol divided by 60D upside vol. Above 1 means negative days have been more volatile than positive days.
Current/Bear RatioCurrent 20D vol divided by the ETF's typical 20D vol during recent bear-stress windows.
Bear Stress Vol / Bull VolMedian 20D vol during trailing 3-year periods when the ETF's 20D return was very weak or very strong.
Negative Day RateShare of the last 20 trading days with negative daily returns.

Highest Vol Regime

  • BUGCybersecurity98.8%
  • CWBConvertibles97.1%
  • EEMEmerging Markets95.9%
  • UFOSpace93.8%
  • IHIMedical Devices92.6%
  • MTUMMomentum92.3%
  • XLPConsumer Staples91.7%
  • AIQAI Theme91.5%

Fastest Vol Acceleration

  • IHIMedical Devices4.5%
  • EWZBrazil3.1%
  • USOOil3.0%
  • DXJJapan Hedged2.9%
  • DBAAgriculture2.6%
  • XLCCommunication Services2.5%
  • WOODTimber1.8%
  • IAKInsurance1.7%

Best Compensated Risk

  • IHFHealth Providers0.90
  • CRAKRefiners0.81
  • XLFFinancials0.77
  • UUPUS Dollar0.77
  • IHEPharma0.70
  • IYGFinancial Services0.65
  • IAKInsurance0.62
  • XLVHealth Care0.61

Bad Vol Dominance

  • PSPPrivate Equity1.90
  • SLVSilver1.54
  • XLYConsumer Discretionary1.48
  • DBBBase Metals1.45
  • EEMEmerging Markets1.41
  • AIQAI Theme1.36
  • GLDGold1.36
  • OIHOil Services1.35

Elevated And Rising Volatility

Vol: annualized realized volatility from daily returns.Vol Spread: 20D realized vol minus 60D realized vol; positive means short-term risk is above the medium-term baseline.Percentile: rank versus the ETF's own trailing history.Reward Score: 60D return divided by 60D realized vol.Comp Risk: 60D return/vol, penalized when downside vol exceeds upside vol; higher means risk has been better rewarded.Downside Ratio: downside vol divided by upside vol; above 1 means down days are more volatile.
Ticker20D Realized Vol60D Realized Vol60D Vol Percentile vs 3Y20D Vol - 60D VolVol ROC ZReward ScoreComp RiskDownside / Upside Vol RatioNeg Day Rate
BUGCybersecurity37.2%37.8%99%-1%0.780.250.250.6345%
IHIMedical Devices28.2%23.7%93%5%0.14-0.01-0.01n/a25%
CWBConvertibles15.0%17.5%97%-3%-0.20-0.27-0.27n/a40%
XLCCommunication Services18.2%15.7%91%2%-0.14-0.49-0.49n/a40%
XLPConsumer Staples16.4%14.9%92%2%0.010.090.09n/a40%
IAKInsurance20.1%18.4%91%2%0.110.620.62n/a35%
EEMEmerging Markets26.1%29.2%96%-3%-0.36-0.24-0.651.4140%
SPHDHigh Dividend Low Vol13.1%12.7%91%0%-0.300.470.470.9240%
SPLVLow Vol12.2%12.2%91%0%-0.180.400.40n/a40%
ROBORobotics28.9%28.8%90%0%0.08-0.47-0.47n/a45%
IHEPharma19.4%17.9%88%2%-0.130.700.700.5840%
USOOil43.5%40.5%85%3%0.63-0.01-0.010.6820%
XLVHealth Care15.8%16.4%89%-1%-0.480.610.61n/a40%
PNQIInternet18.0%20.9%90%-3%-0.80-0.16-0.16n/a35%
QQQNasdaq 10018.6%22.6%91%-4%-0.56-0.27-0.27n/a40%
MTUMMomentum27.7%33.5%92%-6%-0.79-0.07-0.07n/a40%
AIQAI Theme29.3%35.2%92%-6%-0.44-0.31-0.681.3645%
SPHBHigh Beta25.5%29.5%89%-4%-0.38-0.11-0.11n/a55%

Best Compensated Risk

Vol: annualized realized volatility from daily returns.Vol Spread: 20D realized vol minus 60D realized vol; positive means short-term risk is above the medium-term baseline.Percentile: rank versus the ETF's own trailing history.Reward Score: 60D return divided by 60D realized vol.Comp Risk: 60D return/vol, penalized when downside vol exceeds upside vol; higher means risk has been better rewarded.Downside Ratio: downside vol divided by upside vol; above 1 means down days are more volatile.
Ticker20D Realized Vol60D Realized Vol60D Vol Percentile vs 3Y20D Vol - 60D VolVol ROC ZReward ScoreComp RiskDownside / Upside Vol RatioNeg Day Rate
IHFHealth Providers12.6%15.0%34%-2%-0.630.900.90n/a45%
CRAKRefiners17.3%18.8%84%-2%-0.190.810.81n/a20%
XLFFinancials10.6%11.7%43%-1%-0.420.770.77n/a30%
UUPUS Dollar3.7%3.9%9%-0%-0.570.770.77n/a30%
IHEPharma19.4%17.9%88%2%-0.130.700.700.5840%
IYGFinancial Services12.8%12.6%45%0%0.050.650.65n/a25%
IAKInsurance20.1%18.4%91%2%0.110.620.62n/a35%
XLVHealth Care15.8%16.4%89%-1%-0.480.610.61n/a40%
IBBBiotech Large Cap16.4%19.1%78%-3%0.030.580.58n/a45%
XBIBiotech23.6%26.2%83%-3%0.140.490.49n/a35%
KRERegional Banks17.7%17.2%14%0%0.210.490.49n/a35%
SPHDHigh Dividend Low Vol13.1%12.7%91%0%-0.300.470.470.9240%
IWDValue7.5%10.1%60%-3%-0.680.450.45n/a25%
PEJLeisure11.0%13.1%22%-2%-0.640.430.43n/a40%
BKLNBank Loans1.0%1.5%43%-0%-0.610.400.40n/a10%
SPLVLow Vol12.2%12.2%91%0%-0.180.400.40n/a40%
RSPEqual Weight S&P7.8%9.2%29%-1%-0.480.350.35n/a45%
WOODTimber16.6%14.7%57%2%0.650.330.33n/a25%

Worst Compensated Risk

Vol: annualized realized volatility from daily returns.Vol Spread: 20D realized vol minus 60D realized vol; positive means short-term risk is above the medium-term baseline.Percentile: rank versus the ETF's own trailing history.Reward Score: 60D return divided by 60D realized vol.Comp Risk: 60D return/vol, penalized when downside vol exceeds upside vol; higher means risk has been better rewarded.Downside Ratio: downside vol divided by upside vol; above 1 means down days are more volatile.
Ticker20D Realized Vol60D Realized Vol60D Vol Percentile vs 3Y20D Vol - 60D VolVol ROC ZReward ScoreComp RiskDownside / Upside Vol RatioNeg Day Rate
SLVSilver34.6%38.7%74%-4%-0.38-0.64-1.171.5435%
PSPPrivate Equity15.1%18.2%68%-3%-0.29-0.14-1.041.9040%
XLYConsumer Discretionary20.3%18.9%79%1%0.15-0.43-0.911.4840%
GLDGold18.9%21.7%75%-3%-0.17-0.47-0.831.3635%
UFOSpace22.7%42.5%94%-20%-1.09-0.81-0.81n/a65%
BTC-USDBitcoin25.1%31.5%31%-6%-0.34-0.48-0.801.3255%
DBBBase Metals10.5%15.3%53%-5%-1.12-0.34-0.791.4540%
OIHOil Services20.2%26.8%80%-7%-0.40-0.43-0.781.3525%
AIQAI Theme29.3%35.2%92%-6%-0.44-0.31-0.681.3645%
EEMEmerging Markets26.1%29.2%96%-3%-0.36-0.24-0.651.4140%
NXTG5G / Digital Infra19.1%27.3%87%-8%-0.49-0.25-0.591.3440%
PLTMPlatinum27.7%31.8%60%-4%-0.57-0.59-0.59n/a35%
XTLTelecom22.7%27.5%76%-5%-0.38-0.49-0.571.0840%
XMEMetals & Mining28.6%32.4%73%-4%0.54-0.53-0.53n/a45%
URAUranium38.4%41.2%71%-3%2.87-0.52-0.52n/a40%
XLKTechnology23.3%30.1%91%-7%-0.65-0.16-0.501.3440%
XLCCommunication Services18.2%15.7%91%2%-0.14-0.49-0.49n/a40%
NUKZNuclear23.0%24.8%41%-2%1.19-0.49-0.49n/a40%

Downside Volatility Dominance

Vol: annualized realized volatility from daily returns.Vol Spread: 20D realized vol minus 60D realized vol; positive means short-term risk is above the medium-term baseline.Percentile: rank versus the ETF's own trailing history.Reward Score: 60D return divided by 60D realized vol.Comp Risk: 60D return/vol, penalized when downside vol exceeds upside vol; higher means risk has been better rewarded.Downside Ratio: downside vol divided by upside vol; above 1 means down days are more volatile.
Ticker20D Realized Vol60D Realized Vol60D Vol Percentile vs 3Y20D Vol - 60D VolVol ROC ZReward ScoreComp RiskDownside / Upside Vol RatioNeg Day Rate
PSPPrivate Equity15.1%18.2%68%-3%-0.29-0.14-1.041.9040%
SLVSilver34.6%38.7%74%-4%-0.38-0.64-1.171.5435%
XLYConsumer Discretionary20.3%18.9%79%1%0.15-0.43-0.911.4840%
DBBBase Metals10.5%15.3%53%-5%-1.12-0.34-0.791.4540%
EEMEmerging Markets26.1%29.2%96%-3%-0.36-0.24-0.651.4140%
AIQAI Theme29.3%35.2%92%-6%-0.44-0.31-0.681.3645%
GLDGold18.9%21.7%75%-3%-0.17-0.47-0.831.3635%
OIHOil Services20.2%26.8%80%-7%-0.40-0.43-0.781.3525%
NXTG5G / Digital Infra19.1%27.3%87%-8%-0.49-0.25-0.591.3440%
XLKTechnology23.3%30.1%91%-7%-0.65-0.16-0.501.3440%
BTC-USDBitcoin25.1%31.5%31%-6%-0.34-0.48-0.801.3255%
SPYS&P 5009.2%11.7%66%-3%-0.50-0.11-0.341.2340%
INDAIndia11.2%11.7%61%-1%0.07-0.09-0.271.1745%
PALLPalladium32.3%34.5%61%-2%-0.20-0.30-0.471.1735%
SOCLSocial Media18.1%24.5%86%-6%-1.00-0.07-0.241.1740%
XOPOil E&P23.5%22.7%61%1%1.950.230.141.1035%
XTLTelecom22.7%27.5%76%-5%-0.38-0.49-0.571.0840%
FCGNatural Gas Equities22.8%23.0%72%-0%1.240.01-0.071.0835%

Current Vol Versus Bear-Stress Vol

Vol: annualized realized volatility from daily returns.Reward Score: 60D return divided by 60D realized vol.Current/Bear: current 20D vol divided by typical vol during weak-return windows.
Ticker20D Realized VolBear Stress VolBull VolCurrent/BearReward Score60D Downside VolNeg Day Rate
XLPConsumer Staples16.4%11.0%11.7%1.490.099.2%40%
BUGCybersecurity37.2%25.4%28.6%1.470.2521.1%45%
IHIMedical Devices28.2%19.8%14.3%1.43-0.01n/a25%
USOOil43.5%33.5%43.5%1.30-0.0121.7%20%
ITBHome Construction25.8%19.9%29.5%1.300.2117.1%40%
SPLVLow Vol12.2%9.5%8.3%1.290.40n/a40%
XLVHealth Care15.8%12.8%18.0%1.240.61n/a40%
SPHDHigh Dividend Low Vol13.1%10.8%10.7%1.220.477.9%40%
DBCCommodities16.6%13.9%17.4%1.190.019.4%20%
COPXCopper Miners45.0%37.9%28.2%1.19-0.2438.1%40%
GSGCommodities20.3%17.4%24.5%1.170.03n/a20%
ROBORobotics28.9%24.9%19.4%1.16-0.4725.5%45%
COALCoal23.3%20.2%25.1%1.16-0.3519.9%20%
PFFPreferreds7.4%6.4%5.4%1.15-0.425.7%40%
DBAAgriculture13.1%11.5%10.9%1.140.27n/a15%
SILJJunior Silver Miners44.7%39.5%35.4%1.13-0.3640.4%55%
XHBHomebuilders21.7%19.7%25.4%1.100.2516.5%40%
WOODTimber16.6%15.6%14.3%1.060.33n/a25%

Volatility By Sleeve

Vol: annualized realized volatility from daily returns.Percentile: rank versus the ETF's own trailing history.Comp Risk: 60D return/vol, penalized when downside vol exceeds upside vol; higher means risk has been better rewarded.Downside Ratio: downside vol divided by upside vol; above 1 means down days are more volatile.
TickerAvg 60D Vol PercentileAvg 20D Vol - 60D VolComp RiskDownside / Upside Vol RatioAvg Technical Score
Growth / Tech Leadership90%-6.4%-0.291.17-0.85
Defensive Sectors84%-0.4%0.280.960.60
Factors / Risk Appetite83%-2.3%0.150.920.17
Metals / Miners76%-3.3%-0.281.07-0.57
Cyclical Sectors72%-0.9%0.031.480.05
Industries / Infrastructure / Housing67%-2.9%-0.101.00-0.13
Financial / Health Care Industries66%-0.1%0.361.080.72
International Equity62%-0.5%-0.101.15-0.10
Style / Market Structure62%-1.1%0.030.95-0.14
Commodities / Crypto / USD60%-1.9%-0.321.20-0.07
Thematic / Speculative Growth57%-6.0%-0.090.95-0.71
Core Index Beta55%-2.4%-0.141.23-0.57
Rates / Credit40%-0.5%-0.130.98-0.64

S&P 500 Shock Transmission Map

SPY one-, two-, and three-standard-deviation realized-volatility shocks translated through current ETF beta to estimate likely directional impact.

Implied ETF moves are estimated as current 60D beta to SPY multiplied by SPY realized-volatility shocks. This is a directional transmission map, not a forecast.

SPY 1W Realized Shock

  • 1σ move+/- 1.3%
  • 2σ move+/- 2.6%
  • 3σ move+/- 3.9%

SPY 1M Realized Shock

  • 1σ move+/- 3.4%
  • 2σ move+/- 6.8%
  • 3σ move+/- 10.1%

Sleeves Most Helped By SPY Up Shock

Beta: estimated sensitivity to the stated factor over the stated window.SPY σ: estimated ETF move if SPY has a 1- or 2-standard-deviation monthly move.
TickerAvg SPY BetaSPY +1σSPY -1σSPY +2σSPY -2σ
Metals / Miners2.177.4%-7.4%14.7%-14.7%
Growth / Tech Leadership1.776.0%-6.0%12.0%-12.0%
Thematic / Speculative Growth1.133.8%-3.8%7.6%-7.6%
Core Index Beta1.073.6%-3.6%7.2%-7.2%
Commodities / Crypto / USD0.923.1%-3.1%6.2%-6.2%
Style / Market Structure0.883.0%-3.0%5.9%-5.9%
Factors / Risk Appetite0.852.9%-2.9%5.8%-5.8%
International Equity0.852.9%-2.9%5.8%-5.8%
Industries / Infrastructure / Housing0.802.7%-2.7%5.4%-5.4%
Cyclical Sectors0.551.8%-1.8%3.7%-3.7%
Rates / Credit0.250.8%-0.8%1.7%-1.7%
Financial / Health Care Industries0.210.7%-0.7%1.4%-1.4%
Defensive Sectors-0.30-1.0%1.0%-2.1%2.1%

Sleeves Most Helped By SPY Down Shock

Beta: estimated sensitivity to the stated factor over the stated window.SPY σ: estimated ETF move if SPY has a 1- or 2-standard-deviation monthly move.
TickerAvg SPY BetaSPY +1σSPY -1σSPY +2σSPY -2σ
Defensive Sectors-0.30-1.0%1.0%-2.1%2.1%
Financial / Health Care Industries0.210.7%-0.7%1.4%-1.4%
Rates / Credit0.250.8%-0.8%1.7%-1.7%
Cyclical Sectors0.551.8%-1.8%3.7%-3.7%
Industries / Infrastructure / Housing0.802.7%-2.7%5.4%-5.4%
International Equity0.852.9%-2.9%5.8%-5.8%
Factors / Risk Appetite0.852.9%-2.9%5.8%-5.8%
Style / Market Structure0.883.0%-3.0%5.9%-5.9%
Commodities / Crypto / USD0.923.1%-3.1%6.2%-6.2%
Core Index Beta1.073.6%-3.6%7.2%-7.2%
Thematic / Speculative Growth1.133.8%-3.8%7.6%-7.6%
Growth / Tech Leadership1.776.0%-6.0%12.0%-12.0%
Metals / Miners2.177.4%-7.4%14.7%-14.7%

Highest SPY Upside Transmission

Beta: estimated sensitivity to the stated factor over the stated window.Shift: current 60D reading minus the 1Y reading; positive means sensitivity has risen.SPY σ: estimated ETF move if SPY has a 1- or 2-standard-deviation monthly move.
TickerSPY Beta 60DSPY Beta 1YBeta ShiftSPY +1σSPY -1σSPY +2σSPY -2σ
SMHSemiconductors3.062.450.6110.4%-10.4%20.7%-20.7%
COPXCopper Miners3.012.600.4110.2%-10.2%20.4%-20.4%
SILJJunior Silver Miners3.012.700.3110.2%-10.2%20.4%-20.4%
GDXJJunior Gold Miners2.842.420.429.6%-9.6%19.2%-19.2%
SILSilver Miners2.732.450.289.2%-9.2%18.5%-18.5%
CARZAutos2.712.120.589.2%-9.2%18.3%-18.3%
URAUranium2.612.580.038.8%-8.8%17.7%-17.7%
AIQAI Theme2.461.940.518.3%-8.3%16.6%-16.6%
URNMUranium Miners2.442.380.068.3%-8.3%16.5%-16.5%
QTUMQuantum/AI2.432.080.358.2%-8.2%16.5%-16.5%
GDXGold Miners2.382.080.298.0%-8.0%16.1%-16.1%
ARKKSpeculative Tech2.242.170.077.6%-7.6%15.1%-15.1%
SLVSilver2.212.160.057.5%-7.5%15.0%-15.0%
SPHBHigh Beta2.151.830.327.3%-7.3%14.5%-14.5%
XLKTechnology2.141.760.387.2%-7.2%14.5%-14.5%
ROBORobotics2.091.820.277.1%-7.1%14.1%-14.1%
MTUMMomentum2.021.680.346.8%-6.8%13.7%-13.7%
EEMEmerging Markets1.981.600.386.7%-6.7%13.4%-13.4%
NXTG5G / Digital Infra1.841.510.336.2%-6.2%12.4%-12.4%
UFOSpace1.831.93-0.106.2%-6.2%12.4%-12.4%

Most Defensive / Inverse Transmission

Beta: estimated sensitivity to the stated factor over the stated window.Shift: current 60D reading minus the 1Y reading; positive means sensitivity has risen.SPY σ: estimated ETF move if SPY has a 1- or 2-standard-deviation monthly move.
TickerSPY Beta 60DSPY Beta 1YBeta ShiftSPY +1σSPY -1σSPY +2σSPY -2σ
IAKInsurance-0.78-0.09-0.70-2.7%2.7%-5.3%5.3%
USOOil-0.56-1.480.93-1.9%1.9%-3.8%3.8%
XLEEnergy-0.49-0.41-0.07-1.6%1.6%-3.3%3.3%
XLPConsumer Staples-0.47-0.05-0.42-1.6%1.6%-3.2%3.2%
XOPOil E&P-0.44-0.540.10-1.5%1.5%-3.0%3.0%
FCGNatural Gas Equities-0.43-0.490.06-1.5%1.5%-2.9%2.9%
SPLVLow Vol-0.370.02-0.39-1.2%1.2%-2.5%2.5%
SPHDHigh Dividend Low Vol-0.300.07-0.37-1.0%1.0%-2.1%2.1%
XLREReal Estate-0.290.28-0.56-1.0%1.0%-2.0%2.0%
XLVHealth Care-0.240.30-0.54-0.8%0.8%-1.6%1.6%
XLUUtilities-0.210.09-0.30-0.7%0.7%-1.4%1.4%
IHEPharma-0.210.41-0.62-0.7%0.7%-1.4%1.4%
UUPUS Dollar-0.16-0.170.01-0.5%0.5%-1.1%1.1%
IHFHealth Providers-0.020.35-0.37-0.1%0.1%-0.1%0.1%
GSGCommodities0.01-0.600.610.0%-0.0%0.0%-0.0%
IHIMedical Devices0.010.49-0.480.0%-0.0%0.1%-0.1%
DBCCommodities0.05-0.320.370.2%-0.2%0.3%-0.3%
SHY1-3Y Treasury0.050.040.020.2%-0.2%0.3%-0.3%
BKLNBank Loans0.060.13-0.070.2%-0.2%0.4%-0.4%
STIPShort TIPS0.060.020.040.2%-0.2%0.4%-0.4%

Largest Absolute 1M Shock Impact

Beta: estimated sensitivity to the stated factor over the stated window.Shift: current 60D reading minus the 1Y reading; positive means sensitivity has risen.SPY σ: estimated ETF move if SPY has a 1- or 2-standard-deviation monthly move.
TickerSPY Beta 60DSPY Beta 1YBeta ShiftSPY +1σSPY -1σSPY +2σSPY -2σ
SMHSemiconductors3.062.450.6110.4%-10.4%20.7%-20.7%
COPXCopper Miners3.012.600.4110.2%-10.2%20.4%-20.4%
SILJJunior Silver Miners3.012.700.3110.2%-10.2%20.4%-20.4%
GDXJJunior Gold Miners2.842.420.429.6%-9.6%19.2%-19.2%
SILSilver Miners2.732.450.289.2%-9.2%18.5%-18.5%
CARZAutos2.712.120.589.2%-9.2%18.3%-18.3%
URAUranium2.612.580.038.8%-8.8%17.7%-17.7%
AIQAI Theme2.461.940.518.3%-8.3%16.6%-16.6%
URNMUranium Miners2.442.380.068.3%-8.3%16.5%-16.5%
QTUMQuantum/AI2.432.080.358.2%-8.2%16.5%-16.5%
GDXGold Miners2.382.080.298.0%-8.0%16.1%-16.1%
ARKKSpeculative Tech2.242.170.077.6%-7.6%15.1%-15.1%
SLVSilver2.212.160.057.5%-7.5%15.0%-15.0%
SPHBHigh Beta2.151.830.327.3%-7.3%14.5%-14.5%
XLKTechnology2.141.760.387.2%-7.2%14.5%-14.5%
ROBORobotics2.091.820.277.1%-7.1%14.1%-14.1%
MTUMMomentum2.021.680.346.8%-6.8%13.7%-13.7%
EEMEmerging Markets1.981.600.386.7%-6.7%13.4%-13.4%
NXTG5G / Digital Infra1.841.510.336.2%-6.2%12.4%-12.4%
UFOSpace1.831.93-0.106.2%-6.2%12.4%-12.4%

Largest Positive Beta Shifts

Beta: estimated sensitivity to the stated factor over the stated window.Shift: current 60D reading minus the 1Y reading; positive means sensitivity has risen.SPY σ: estimated ETF move if SPY has a 1- or 2-standard-deviation monthly move.
TickerSPY Beta 60DSPY Beta 1YBeta ShiftSPY +1σSPY -1σSPY +2σSPY -2σ
USOOil-0.56-1.480.93-1.9%1.9%-3.8%3.8%
SMHSemiconductors3.062.450.6110.4%-10.4%20.7%-20.7%
GSGCommodities0.01-0.600.610.0%-0.0%0.0%-0.0%
CARZAutos2.712.120.589.2%-9.2%18.3%-18.3%
AIQAI Theme2.461.940.518.3%-8.3%16.6%-16.6%
GDXJJunior Gold Miners2.842.420.429.6%-9.6%19.2%-19.2%
COPXCopper Miners3.012.600.4110.2%-10.2%20.4%-20.4%
XLKTechnology2.141.760.387.2%-7.2%14.5%-14.5%
EEMEmerging Markets1.981.600.386.7%-6.7%13.4%-13.4%
DBCCommodities0.05-0.320.370.2%-0.2%0.3%-0.3%
QTUMQuantum/AI2.432.080.358.2%-8.2%16.5%-16.5%
QQQNasdaq 1001.771.420.346.0%-6.0%12.0%-12.0%
GLDGold1.210.870.344.1%-4.1%8.2%-8.2%
MTUMMomentum2.021.680.346.8%-6.8%13.7%-13.7%
NXTG5G / Digital Infra1.841.510.336.2%-6.2%12.4%-12.4%
SPHBHigh Beta2.151.830.327.3%-7.3%14.5%-14.5%
SILJJunior Silver Miners3.012.700.3110.2%-10.2%20.4%-20.4%
GDXGold Miners2.382.080.298.0%-8.0%16.1%-16.1%
COALCoal0.570.290.291.9%-1.9%3.9%-3.9%
SILSilver Miners2.732.450.289.2%-9.2%18.5%-18.5%

Individual ETF Z-Score Chart Library

Each ETF gets two 2x2 chart blocks: return z-scores on the left and technical z-scores on the right. The current z-score is shown above each mini-chart.

Return Z-Score Heatmaps By Sleeve

Return readings are standardized versus each ETF's own trailing history.

Style / Market Structure

Factors / Risk Appetite

Core Index Beta

Growth / Tech Leadership

Thematic / Speculative Growth

Cyclical Sectors

Defensive Sectors

Industries / Infrastructure / Housing

Financial / Health Care Industries

Rates / Credit

Metals / Miners

International Equity

Commodities / Crypto / USD

Moving Average Deviation Z-Score Heatmaps By Sleeve

Deviation from 20/50/100/200DMA is standardized versus each ETF's own trailing history.

Style / Market Structure

Factors / Risk Appetite

Core Index Beta

Growth / Tech Leadership

Thematic / Speculative Growth

Cyclical Sectors

Defensive Sectors

Industries / Infrastructure / Housing

Financial / Health Care Industries

Rates / Credit

Metals / Miners

International Equity

Commodities / Crypto / USD

Macro Correlation Heatmaps By Sleeve

Correlation of ETF daily returns to USD, oil, and 10-year Treasury yield changes across available history. Rates use ^TNX changes as the rising-rate proxy. USO is blanked in the oil column because it is the oil proxy itself.

Style / Market Structure

Factors / Risk Appetite

Core Index Beta

Growth / Tech Leadership

Thematic / Speculative Growth

Cyclical Sectors

Defensive Sectors

Industries / Infrastructure / Housing

Financial / Health Care Industries

Rates / Credit

Metals / Miners

International Equity

Commodities / Crypto / USD