SPDRs and Industry Indicies Rankings

Disclosure: No position in any of the mentioned securities.

Index ETF and SPDR returns for May 14

Disclaimer: Long position on GLD, short position in SPY and XLF.

Index ETF and SPDR returns for May 13

Disclaimer: Long position on GLD.

Index ETF and SPDR returns for May 12

XLF has been the worst performer for the second day in a row among sector SPDRs.

Disclaimer: Long position on GLD.

Index ETF and SPDR returns for May 11

Today as usual financials and technology sectors swapped positions on the return ranking, where technology being the best performing while financials being the worst. One thing to note was lower volume.

Disclaimer: Long position in GLD and, short position in XLF and SPY.

Weekly Asset Returns (05/08)

Here are the asset returns for the last week (courtesy of WSJ). The numbers show decreasing risk aversion of investors, where crude oil, REITs and emerging market stocks being the best performers and the dollar being the worst.

Here are the returns for the major equity index ETFs and sector SPDRs. Financials are still going strong.

Disclaimer: Long position in GLD and XLE, and short position on SPY.

Sector Relative Strengh

This chart shows the sector relative strength (relative to S&P500) since a market bottom on March 9. The way I have computed the data is as follows: starting with March 9, each day's sector SPDR value is divided by SPY. This value is then divided by the value on March 9 (normalization). The primary purpose is to get an idea of how sector performance compares to each other and to broader market.

As you can see, XLF has significantly outperformed every other sector and the S&P500 by a wide margin. Then are 2 cluster: one consists of XLB, XLY and XLI, which have outperformed S&P500 to some extent.

XLK is in the middle and has closely tracked S&P500 till recently and is lagging behind now.

The second cluster includes XLE, XLP, XLU and XLV. Out of these the performance of XLE has started showing confirmed improvement.

Disclaimer: Long position in XLE.