Sectors
Sector Rotation & Performance (Historical Time Series)
GICS sector rankings across the full business cycle — current phase signals and structural rotation patterns.
Historical range: Oct 2025 – Sep 2026 · US business cycle classification
Sector cells use equity price history mostly from 2006 onward — the 2001 recession has little to no sector data behind it.
§1 — Current Phase Signals
How US GICS sectors have historically ranked — led, mixed, or lagged — in the current cycle phase. Descriptive context, not a recommendation.
In the current expansion phase, Information Technology has historically had the strongest average monthly return and Consumer Staples the weakest. Historical pattern across past cycles — not a recommendation.
Avg monthly return · current phase: Expansion
Avg monthly return · current phase: Expansion
Avg monthly return · current phase: Expansion
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Sign in →§2 — Cycle Rotation Heat Map
Average monthly return per sector across all four cycle phases. Shows structural rotation — how each sector's historical average return shifts from one phase to the next.
During the current expansion phase, Tech has historically led and Cons. Staples lagged on average monthly return. Structural pattern across past cycles — not a recommendation.
Show the full cycle rotation heatmap
| Sector | Expansion▲ | Peak | Contraction | Trough |
|---|---|---|---|---|
| Tech | +1.5% | -5.3%* | +1.6%* | +3.7%* |
| Energy | +1.4% | -11.5%* | +0.2%* | -1.1%* |
| Industrials | +1.3% | -6.7%* | +0.3%* | +4.7%* |
| Health Care | +1.2% | -3.1%* | +0.2%* | +1.7%* |
| Financials | +1.1% | -6.5%* | -0.3%* | +3.5%* |
| Materials | +1.1% | -6.9%* | +0.5%* | +5.0%* |
| Cons. Disc. | +1.0% | -6.7%* | +1.0%* | +6.3%* |
| Utilities | +1.0% | -2.0%* | -0.3%* | +2.6%* |
| Comm. Services | +1.0% | -4.8%* | +1.2%* | +2.2%* |
| Real Estate | +0.9% | -5.7%* | -0.3%* | +2.8%* |
| Cons. Staples | +0.9% | -1.2%* | +0.1%* | +3.0%* |
§3 — Regional Comparison
Sector performance by region — average monthly return per GICS sector in each live non-US region's current cycle phase.
§4 — Sector Valuations
Aggregate valuation metrics across all GICS sectors — median P/E, P/B, ROE, FCF margin and composite quality score.
Median valuation and quality metrics across 11 GICS sectors, where Communication Services screens the strongest on composite quality. Higher composite = stronger aggregate quality. Descriptive context — not investment advice.
Show the full sector valuation table
| Sector | Median P/E | Median P/B | Median ROE | Median FCF Margin | Avg Composite | Symbols |
|---|---|---|---|---|---|---|
| Communication Services | 16.9 | 2.1 | 827.0% | 827.7% | 50.2 | 559 |
| Consumer Discretionary | 17.0 | 1.6 | 779.0% | 391.0% | 49.9 | 1435 |
| Consumer Staples | 17.6 | 1.8 | 948.6% | 401.2% | 49.9 | 593 |
| Energy | 13.2 | 1.6 | 873.5% | 592.9% | 49.9 | 413 |
| Financials | 12.6 | 1.2 | 1008.9% | 1728.6% | 49.1 | 1344 |
| Health Care | 24.2 | 2.6 | -837.3% | -126.5% | 49.5 | 1381 |
| Industrials | 17.9 | 2.0 | 925.8% | 378.4% | 49.8 | 2201 |
| Information Technology | 21.9 | 3.0 | 692.0% | 315.8% | 49.8 | 1731 |
| Materials | 16.1 | 1.6 | 714.0% | 314.2% | 49.9 | 1165 |
| Real Estate | 15.4 | 1.0 | 568.9% | 2080.1% | 50.0 | 503 |
| Utilities | 16.8 | 1.6 | 892.9% | -370.1% | 49.8 | 294 |
Computed 2026-10-18 · weekly refresh
§5 — Policy Catalyst Overlay
Analyst-curated structural government policy tailwinds and headwinds by sector — US only. Qualitative overlay; not included in cycle phase calculations.
7 sectors have active policy signals, with Utilities the strongest net tailwind and Consumer Cyclical the strongest net headwind. Analyst-curated structural overlay — not investment advice.
Show the full policy overlay table
| Sector | Net | Tailwinds | Headwinds |
|---|---|---|---|
| Utilities | +5 | ↑3/3↑2/3 | — |
| Industrials | +4 | ↑3/3↑2/3 | ↓1/3 |
| Technology | +3 | ↑3/3 | — |
| Energy | -2 | — | ↓2/3 |
| Real Estate | -2 | — | ↓2/3 |
| Consumer Cyclical | -2 | — | ↓2/3 |
| Basic Materials | +2 | ↑2/3 | — |
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Net = sum of tailwind magnitudes − sum of headwind magnitudes. Policy data is analyst-curated. Not investment advice.
§6 — Trailing Sector ReturnsPro
Total return by GICS sector over each trailing window (1M – 20Y), per region. Equal-weight sector index, monthly rebalanced. Descriptive performance context, not a recommendation.
Trailing sector returns (1M – 20Y) are a Pro feature.
See how each GICS sector has performed over every trailing window, per region — descriptive historical context, updated nightly.
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