LC
Pairwise Ranking Dashboard
80 ETFs Β· 3,160 pairs Β· 8-week ratio MA Β· 17 Jul 2026 Internal
#1 Ranked
WEAT
Wheat
Top Score
100.0%
79/79 wins
Top Riser
USO
+68 places
Top Bucket
US Subsectors
62.7% avg
Run Date
17 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· 20 Jan β†’ 17 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 Subsectors
62.7% -14.1pp
US Sectors
60.5% +1.2pp
Intl Developed
59.5% -8.0pp
Fixed Inc / FX
50.8% +5.5pp
Intl EM
36.7% -6.0pp
Commodities
32.3% +13.4pp
Weekly Trend
Regime Commentary
US Subsectors β€” 62.7% (-14.1pp)

Leaders: KIE #2(98.7%); XBI #3(97.5%); KBE #5(94.9%).
Laggards: SMH #73(8.9%); ICLN #75(6.3%).

US Sectors β€” 60.5% (+1.2pp)

Leaders: XLF #9(89.9%); XLV #10(87.3%); XLE #13(84.8%).
Laggards: XLY #59(26.6%); XLK #67(16.5%).

Intl Developed β€” 59.5% (-8.0pp)

Leaders: EWS #4(96.2%); EWC #16(81.0%); EWP #17(79.7%).
Laggards: EWJ #63(21.5%); EWT #68(15.2%).

Fixed Inc / FX β€” 50.8% (+5.5pp)

Leaders: UUP #26(68.4%); JBBB #27(67.1%); USHY #29(64.6%).
Laggards: TLT #53(34.2%); PFF #60(25.3%).

Intl EM β€” 36.7% (-6.0pp)

Leaders: FXI #22(73.4%); EWZ #23(72.2%); INDA #35(57.0%).
Laggards: EZA #66(17.7%); EWY #78(2.5%).

Commodities β€” 32.3% (+13.4pp)

Leaders: WEAT #1(100.0%); XOP #7(92.4%); USO #11(87.3%).
Laggards: SLV #79(1.3%); URA #80(0.0%).

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€” 42% 73% 54% 74% 65%
US Subsectors 58% β€” 74% 57% 72% 62%
Commodities 26% 24% β€” 28% 37% 27%
Intl Developed 46% 42% 72% β€” 75% 65%
Intl EM 26% 26% 62% 24% β€” 30%
Fixed Inc / FX 35% 35% 73% 35% 70% β€”
Top 5 per Bucket
US Sectors β€” 60.5%
#9 XLF -2 89.9%
#10 XLV -1 87.3%
#13 XLE +51 84.8%
#15 XLRE +17 82.3%
#20 XLP +23 75.9%
US Subsectors β€” 62.7%
#2 KIE 98.7%
#3 XBI -2 97.5%
#5 KBE +1 94.9%
#6 KRE +2 93.7%
#8 CIBR -3 91.1%
Commodities β€” 32.3%
#1 WEAT +17 100.0%
#7 XOP +61 92.4%
#11 USO +68 87.3%
#14 DBA +3 84.8%
#55 CPER +5 31.6%
Intl Developed β€” 59.5%
#4 EWS 96.2%
#16 EWC +15 81.0%
#17 EWP -5 79.7%
#18 EWI -5 78.5%
#19 EWH +48 77.2%
Intl EM β€” 36.7%
#22 FXI +39 73.4%
#23 EWZ -8 72.2%
#35 INDA -8 57.0%
#49 MCHI +9 39.2%
#52 UAE -38 35.4%
Fixed Inc / FX β€” 50.8%
#26 UUP +2 68.4%
#27 JBBB +6 67.1%
#29 USHY +7 64.6%
#30 JAAA +9 63.3%
#31 SGOV +10 62.0%
⬆ Biggest Risers β€” rank gain vs prior week
#11 USO Crude Oil ETF +68 87.3%
#7 XOP Oil & Gas E&P +61 92.4%
#13 XLE Energy +51 84.8%
#19 EWH Hong Kong +48 77.2%
#22 FXI China (FXI) +39 73.4%
#20 XLP Consumer Staples +23 75.9%
#1 WEAT Wheat +17 100.0%
#15 XLRE Real Estate +17 82.3%
#16 EWC Canada +15 81.0%
#40 IEF 7-10 Yr Treasury +11 50.6%
⬇ Biggest Fallers β€” rank drop vs prior week
#68 EWT Taiwan -58 15.2%
#73 SMH Semiconductors -51 8.9%
#63 EWJ Japan -43 21.5%
#61 ITA Aerospace & Def. -42 24.1%
#67 XLK Technology -42 16.5%
#52 UAE UAE -38 35.4%
#64 ECH Chile -35 20.3%
#36 JETS Airlines -33 55.7%
#54 EWN Netherlands -31 32.9%
#59 XLY Consumer Discret. -17 26.6%
πŸ₯‡ Top 10 Overall
#1 WEAT Wheat 100.0%
#2 KIE Insurance 98.7%
#3 XBI Biotech 97.5%
#4 EWS Singapore 96.2%
#5 KBE Banks 94.9%
#6 KRE Regional Banks 93.7%
#7 XOP Oil & Gas E&P 92.4%
#8 CIBR Cybersecurity 91.1%
#9 XLF Financials 89.9%
#10 XLV Health Care 87.3%
πŸ”΄ Bottom 10 Overall
#71 UNL Natural Gas 11.4%
#72 PPLT Platinum 10.1%
#73 SMH Semiconductors 8.9%
#74 COPX Copper Miners 7.6%
#75 ICLN Clean Energy 6.3%
#76 XME Metals & Mining 5.1%
#77 NLR Nuclear Energy 3.8%
#78 EWY South Korea 2.5%
#79 SLV Silver 1.3%
#80 URA Uranium 0.0%
Macro Regime β€” 17 Jul 2026 Β· Auto-generated from pairwise data Β· Internal use only.
πŸ’» US Subsectors Leads β€” 62.7% Average

US Subsectors leads the 80-ETF universe at 62.7% (-14.1pp vs prior week). Equities outpacing FI/FXβ€”US Subsectors (62.7%) leads Fixed Inc (50.8%). Risk-on signal. Weakest bucket: Commodities at 32.3%.

πŸ“ˆ Commodities Surges +13.4pp β€” Biggest Bucket Move

Commodities moved +13.4pp to 32.3% this week. Leaders: WEAT #1(100.0%), XOP #7(92.4%), USO #11(87.3%), DBA #14(84.8%). At the other end, US Subsectors fell 14.1pp to 62.7%.

⬆ Biggest Risers β€” USO +68 Places

USO +68 to #11(87.3%), XOP +61 to #7(92.4%), XLE +51 to #13(84.8%), EWH +48 to #19(77.2%).

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

WEAT (Wheat) holds #1 with 100.0% pairwise win rateβ€”near-perfect, winning almost every cross-asset matchup. Bottom: URA (0.0%) losing most matchups.

πŸ“‹ Positioning Reads

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

Underweight / avoid (20): ITA Β· PALL Β· EWJ Β· ECH Β· KSA Β· EZA Β· XLK Β· EWT Β· OIH Β· GLD Β· UNL Β· PPLT.

Near neutral (watch): ITB Β· VMBS Β· GOVT Β· IEF Β· BND Β· TIP Β· AGG Β· EMB 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· 17 Jul 2026