LC
Pairwise Ranking Dashboard
80 ETFs Β· 3,160 pairs Β· 8-week ratio MA Β· 24 Jul 2026 Internal
#1 Ranked
USO
Crude Oil ETF
Top Score
100.0%
79/79 wins
Top Riser
ITA
+40 places
Top Bucket
US Sectors
61.0% avg
Run Date
24 Jul 2026
weekly close
All 80 ETFs β€” pairwise momentum rank
# ↕ Ticker ↕ Bucket ↕ Score % ↕ Raw/79 ↕ Ξ” Score ↕ Rank Chg ↕ Prev Rank ↕ Name ↕
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Price performance β€” indexed to 100
Daily closes Β· 26 Jan β†’ 24 Jul
Weekly pairwise score %
% of ratio-vs-8W-MA matchups won each week vs all 79 ETFs
Bucket Average Relative Strength

50% = neutral vs full universe. Higher = winning more cross-asset matchups.

US Sectors
61.0% +0.5pp
Intl Developed
59.3% -0.2pp
US Subsectors
52.5% -10.2pp
Fixed Inc / FX
47.6% -3.2pp
Intl EM
41.5% +4.8pp
Commodities
41.3% +9.0pp
Weekly Trend
Regime Commentary
US Sectors β€” 61.0% (+0.5pp)

Leaders: XLE #4(96.2%); XLF #9(89.9%); XLV #10(88.6%).
Laggards: XLK #68(15.2%); XLY #73(8.9%).

Intl Developed β€” 59.3% (-0.2pp)

Leaders: EWS #6(93.7%); EWH #8(91.1%); EWP #18(78.5%).
Laggards: EWN #56(30.4%); EWT #69(13.9%).

US Subsectors β€” 52.5% (-10.2pp)

Leaders: KIE #5(94.9%); KBE #11(87.3%); KRE #12(86.1%).
Laggards: SMH #74(7.6%); ICLN #79(1.3%).

Fixed Inc / FX β€” 47.6% (-3.2pp)

Leaders: UUP #22(73.4%); JBBB #26(68.4%); JAAA #28(65.8%).
Laggards: LQD #59(26.6%); TLT #62(22.8%).

Intl EM β€” 41.5% (+4.8pp)

Leaders: FXI #15(83.5%); EWZ #17(79.7%); MCHI #25(69.6%).
Laggards: EZA #70(12.7%); EWY #80(0.0%).

Commodities β€” 41.3% (+9.0pp)

Leaders: USO #1(100.0%); WEAT #2(98.7%); XOP #3(97.5%).
Laggards: NLR #77(3.8%); URA #78(2.5%).

Cross-Bucket Win Rate Matrix

% of matchups won by row vs column. Above 50% = row outperforming.

↓ vs β†’ US Sectors US Subsectors Commodities Intl Developed Intl EM Fixed Inc / FX
US Sectors β€” 58% 61% 55% 69% 68%
US Subsectors 42% β€” 57% 45% 61% 57%
Commodities 38% 42% β€” 34% 46% 37%
Intl Developed 44% 55% 66% β€” 67% 66%
Intl EM 30% 38% 54% 30% β€” 40%
Fixed Inc / FX 32% 40% 62% 34% 59% β€”
Top 5 per Bucket
US Sectors β€” 61.0%
#4 XLE +9 96.2%
#9 XLF 89.9%
#10 XLV 88.6%
#13 XLRE +2 83.5%
#16 XLU +12 81.0%
US Subsectors β€” 52.5%
#5 KIE -3 94.9%
#11 KBE -6 87.3%
#12 KRE -6 86.1%
#14 XBI -11 83.5%
#21 ITA +40 74.7%
Commodities β€” 41.3%
#1 USO +10 100.0%
#2 WEAT -1 98.7%
#3 XOP +4 97.5%
#7 DBA +7 92.4%
#30 CPER +25 63.3%
Intl Developed β€” 59.3%
#6 EWS -2 93.7%
#8 EWH +11 91.1%
#18 EWP -1 78.5%
#20 EWU +1 75.9%
#23 EWC -7 72.2%
Intl EM β€” 41.5%
#15 FXI +7 83.5%
#17 EWZ +6 79.7%
#25 MCHI +24 69.6%
#40 EWW +16 50.6%
#50 UAE +2 38.0%
Fixed Inc / FX β€” 47.6%
#22 UUP +4 73.4%
#26 JBBB +1 68.4%
#28 JAAA +2 65.8%
#29 SGOV +2 64.6%
#31 BIL +1 62.0%
⬆ Biggest Risers β€” rank gain vs prior week
#21 ITA Aerospace & Def. +40 74.7%
#35 OIH Oil Services +34 57.0%
#30 CPER Copper ETP +25 63.3%
#25 MCHI China (MCHI) +24 69.6%
#36 XLB Materials +22 55.7%
#40 EWW Mexico +16 50.6%
#16 XLU Utilities +12 81.0%
#8 EWH Hong Kong +11 91.1%
#54 KSA Saudi Arabia +11 32.9%
#63 COPX Copper Miners +11 21.5%
⬇ Biggest Fallers β€” rank drop vs prior week
#33 CIBR Cybersecurity -25 59.5%
#61 JETS Airlines -25 24.1%
#58 INDA India -23 27.8%
#71 IGV Software -23 11.4%
#32 XRT Retail -20 60.8%
#67 XLC Comm Services -17 16.5%
#34 XLP Consumer Staples -14 58.2%
#73 XLY Consumer Discret. -14 8.9%
#49 ITB Homebuilders -12 39.2%
#14 XBI Biotech -11 83.5%
πŸ₯‡ Top 10 Overall
#1 USO Crude Oil ETF 100.0%
#2 WEAT Wheat 98.7%
#3 XOP Oil & Gas E&P 97.5%
#4 XLE Energy 96.2%
#5 KIE Insurance 94.9%
#6 EWS Singapore 93.7%
#7 DBA Agriculture 92.4%
#8 EWH Hong Kong 91.1%
#9 XLF Financials 89.9%
#10 XLV Health Care 88.6%
πŸ”΄ Bottom 10 Overall
#71 IGV Software 11.4%
#72 PPLT Platinum 10.1%
#73 XLY Consumer Discret. 8.9%
#74 SMH Semiconductors 7.6%
#75 XME Metals & Mining 6.3%
#76 SLV Silver 5.1%
#77 NLR Nuclear Energy 3.8%
#78 URA Uranium 2.5%
#79 ICLN Clean Energy 1.3%
#80 EWY South Korea 0.0%
Macro Regime β€” 24 Jul 2026 Β· Auto-generated from pairwise data Β· Internal use only.
πŸ‡ΊπŸ‡Έ US Sectors Leads β€” 61.0% Average

US Sectors leads the 80-ETF universe at 61.0% (+0.5pp vs prior week). Equities outpacing FI/FXβ€”US Sectors (61.0%) leads Fixed Inc (47.6%). Risk-on signal. Weakest bucket: Commodities at 41.3%.

πŸ“ˆ Commodities Surges +9.0pp β€” Biggest Bucket Move

Commodities moved +9.0pp to 41.3% this week. Leaders: USO #1(100.0%), WEAT #2(98.7%), XOP #3(97.5%), DBA #7(92.4%). At the other end, US Subsectors fell 10.2pp to 52.5%.

⬆ Biggest Risers β€” ITA +40 Places

ITA +40 to #21(74.7%), OIH +34 to #35(57.0%), CPER +25 to #30(63.3%), MCHI +24 to #25(69.6%).

πŸ† Top of Universe β€” USO #1 at 100.0%

USO (Crude Oil ETF) holds #1 with 100.0% pairwise win rateβ€”near-perfect, winning almost every cross-asset matchup. Bottom: EWY (0.0%) losing most matchups.

πŸ“‹ Positioning Reads

Conviction longs (20): USO Β· WEAT Β· XOP Β· XLE Β· KIE Β· EWS Β· DBA Β· EWH Β· XLF Β· XLV Β· KBE Β· KRE Β· XLRE Β· XBI.

Underweight / avoid (20): JETS Β· TLT Β· COPX Β· ECH Β· GLD Β· UNL Β· XLC Β· XLK Β· EWT Β· EZA Β· IGV Β· PPLT.

Near neutral (watch): USHY Β· HYG Β· IAGG Β· EWW Β· EWQ Β· BNDX Β· VMBS Β· GOVT β€” at the cross-asset inflection point.

Internal use only. Not investment advice. Compliance/Investments review recommended before client-facing use.

LC Pairwise Ranking Β· 80 ETFs Β· 3,160 pairs Β· 8-week MA Β· 24 Jul 2026