# Sector Rotation Brief

Created: 20261028T213010Z
As of: 2026-10-28
Provider: yfinance

## Summary

- Leaders: XLE LEADING, XLB LEADING, XLU LEADING
- Laggards: XLRE WEAKENING, XLI LAGGING, XLC LAGGING

## Rankings

| Rank | Sector | Symbol | Signal | Score | Rel 5d | Rel 21d | Rel 63d | Trend |
| ---: | --- | --- | --- | ---: | ---: | ---: | ---: | --- |
| 1 | Energy | XLE | LEADING | 60.00 | 0.53% | 10.17% | 11.97% | bullish |
| 2 | Materials | XLB | LEADING | 37.00 | 1.15% | 4.56% | -3.70% | bullish |
| 3 | Utilities | XLU | LEADING | 37.00 | 1.27% | 5.94% | -8.99% | bullish |
| 4 | Health Care | XLV | LEADING | 30.00 | 0.54% | 4.20% | 5.78% | bullish |
| 5 | Consumer Discretionary | XLY | IMPROVING | 20.00 | -0.07% | 4.60% | -1.51% | bullish |
| 6 | Consumer Staples | XLP | WEAKENING | 0.00 | -0.21% | 5.04% | -2.53% | constructive |
| 7 | Technology | XLK | WEAKENING | -3.00 | 1.41% | -2.86% | 4.56% | constructive |
| 8 | Financials | XLF | WEAKENING | -10.00 | 0.26% | 2.86% | -5.65% | constructive |
| 9 | Real Estate | XLRE | WEAKENING | -45.00 | 0.27% | 0.85% | -11.13% | weak |
| 10 | Industrials | XLI | LAGGING | -51.00 | 0.21% | -1.44% | -9.68% | mixed |
| 11 | Communication Services | XLC | LAGGING | -75.00 | -5.25% | -8.53% | -7.36% | weak |

## S&P 500 sector weights

Allocation as of: 2026-10-27
Source: https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-sp-500-etf-trust-spy

| Sector | Index weight |
| --- | ---: |
| Communication Services | 8.92% |
| Consumer Discretionary | 8.99% |
| Consumer Staples | 4.77% |
| Energy | 3.73% |
| Financials | 11.82% |
| Health Care | 9.75% |
| Industrials | 8.02% |
| Materials | 1.69% |
| Real Estate | 1.73% |
| Technology | 38.54% |
| Utilities | 2.02% |

## Oil, 10-year notes and Bitcoin

| Asset | Symbol | As of | 21 sessions | vs SPY |
| --- | --- | --- | ---: | ---: |
| WTI crude oil (continuous futures) | CL=F | 2026-10-28 | 14.05% | 12.99% |
| 10-year Treasury note (continuous futures price) | ZN=F | 2026-10-28 | 1.48% | 0.42% |
| Bitcoin (USD spot) | BTC-USD | 2026-10-28 | -2.98% | -4.05% |

Assets use common SPY trading dates and are outside the sector ranks. Continuous futures rolls affect returns; ZN=F is a note price, not a yield.

## Notes

- Relative returns are sector ETF returns minus SPY returns over the same window.
- Scores are cross-sectional ranks; they are useful for rotation monitoring, not trade execution.