LC Pairwise Ranking Dashboard

#1 Ranked

USO

Crude Oil ETF

Top Score

100.0%

79/79 wins

Top Riser

EWZ

+30 places

Top Bucket

Commodities

79.9% avg

Run Date

04 Sep 2026

weekly close

All 80 ETFs — pairwise momentum rank

# ↕	Ticker ↕	Bucket ↕	Score % ↕	Raw/79 ↕	Δ Score ↕	Rank Chg ↕	Prev Rank ↕	Name ↕

Price performance — indexed to 100

Daily closes · 05 Mar → 04 Sep

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.

Commodities

79.9% -1.7pp

Intl EM

66.4% +4.1pp

Intl Developed

61.6% +2.1pp

US Sectors

40.4% -6.8pp

Fixed Inc / FX

32.0% +2.2pp

US Subsectors

26.2% -0.8pp

Weekly Trend

Regime Commentary

Commodities — 79.9% (-1.7pp)

Leaders: USO #1(100.0%); XOP #4(96.2%); COPX #5(94.9%).
Laggards: CPER #31(62.0%); UNL #73(8.9%).

Intl EM — 66.4% (+4.1pp)

Leaders: EWY #2(98.7%); EZA #7(92.4%); EWZ #11(87.3%).
Laggards: EWW #42(48.1%); MCHI #44(45.6%).

Intl Developed — 61.6% (+2.1pp)

Leaders: EWT #3(97.5%); EWS #18(78.5%); EWJ #21(74.7%).
Laggards: EWI #51(36.7%); EWQ #70(12.7%).

US Sectors — 40.4% (-6.8pp)

Leaders: XLE #10(88.6%); XLV #22(73.4%); XLK #25(69.6%).
Laggards: XLU #76(5.1%); XLI #77(3.8%).

Fixed Inc / FX — 32.0% (+2.2pp)

Leaders: JBBB #41(49.4%); JAAA #43(46.8%); SGOV #45(44.3%).
Laggards: UUP #66(17.7%); MUB #72(10.1%).

US Subsectors — 26.2% (-0.8pp)

Leaders: IGV #14(83.5%); XBI #19(77.2%); CIBR #50(38.0%).
Laggards: ITA #79(1.3%); JETS #80(0.0%).

Cross-Bucket Win Rate Matrix

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

↓ vs →	US Sectors	US Subsectors	Commodities	Intl Developed	Intl EM	Fixed Inc / FX
US Sectors	—	61%	12%	30%	31%	56%
US Subsectors	39%	—	9%	19%	12%	30%
Commodities	88%	90%	—	81%	71%	93%
Intl Developed	70%	81%	19%	—	52%	89%
Intl EM	68%	88%	27%	48%	—	98%
Fixed Inc / FX	44%	67%	7%	11%	2%	—

Top 5 per Bucket

US Sectors — 40.4%

#10 XLE +2 88.6%

#22 XLV +1 73.4%

#25 XLK +8 69.6%

#33 XLF -2 59.5%

#35 XLC -5 57.0%

US Subsectors — 26.2%

#14 IGV -11 83.5%

#19 XBI +5 77.2%

#50 CIBR -34 38.0%

#58 KIE +5 27.8%

#60 SMH +16 24.1%

Commodities — 79.9%

#1 USO +14 100.0%

#4 XOP +2 96.2%

#5 COPX -4 94.9%

#6 XME -2 93.7%

#8 URA +2 91.1%

Intl Developed — 61.6%

#3 EWT +11 97.5%

#18 EWS 78.5%

#21 EWJ +15 74.7%

#24 EWH +2 70.9%

#26 EWC -1 68.4%

Intl EM — 66.4%

#2 EWY +15 98.7%

#7 EZA +2 92.4%

#11 EWZ +30 87.3%

#28 KSA -8 65.8%

#30 FXI -1 63.3%

Fixed Inc / FX — 32.0%

#41 JBBB +3 49.4%

#43 JAAA +6 46.8%

#45 SGOV +6 44.3%

#46 BIL +6 43.0%

#47 USHY -1 41.8%

⬆ Biggest Risers — rank gain vs prior week

#11 EWZ Brazil +30 87.3%

#60 SMH Semiconductors +16 24.1%

#2 EWY South Korea +15 98.7%

#21 EWJ Japan +15 74.7%

#1 USO Crude Oil ETF +14 100.0%

#39 INDA India +14 51.9%

#37 EWN Netherlands +13 54.4%

#3 EWT Taiwan +11 97.5%

#25 XLK Technology +8 69.6%

#62 KBE Banks +8 22.8%

⬇ Biggest Fallers — rank drop vs prior week

#50 CIBR Cybersecurity -34 38.0%

#71 XLY Consumer Discret. -28 11.4%

#67 XLP Consumer Staples -19 16.5%

#17 WEAT Wheat -15 79.7%

#70 EWQ France -13 12.7%

#14 IGV Software -11 83.5%

#51 EWI Italy -11 36.7%

#15 PALL Palladium -10 82.3%

#38 XLB Materials -10 53.2%

#44 MCHI China (MCHI) -10 45.6%

🥇 Top 10 Overall

#1 USO Crude Oil ETF 100.0%

#2 EWY South Korea 98.7%

#3 EWT Taiwan 97.5%

#4 XOP Oil & Gas E&P 96.2%

#5 COPX Copper Miners 94.9%

#6 XME Metals & Mining 93.7%

#7 EZA South Africa 92.4%

#8 URA Uranium 91.1%

#9 OIH Oil Services 89.9%

#10 XLE Energy 88.6%

🔴 Bottom 10 Overall

#71 XLY Consumer Discret. 11.4%

#72 MUB Muni Bond 10.1%

#73 UNL Natural Gas 8.9%

#74 ICLN Clean Energy 7.6%

#75 XLRE Real Estate 6.3%

#76 XLU Utilities 5.1%

#77 XLI Industrials 3.8%

#78 ITB Homebuilders 2.5%

#79 ITA Aerospace & Def. 1.3%

#80 JETS Airlines 0.0%

Macro Regime — 04 Sep 2026 · Auto-generated from pairwise data · Internal use only.

⛽ Commodities Leads — 79.9% Average

Commodities leads the 80-ETF universe at 79.9% (-1.7pp vs prior week). Equities outpacing FI/FX—Commodities (79.9%) leads Fixed Inc (32.0%). Risk-on signal. Weakest bucket: US Subsectors at 26.2%.

📈 Intl EM Surges +4.1pp — Biggest Bucket Move

Intl EM moved +4.1pp to 66.4% this week. Leaders: EWY #2(98.7%), EZA #7(92.4%), EWZ #11(87.3%). At the other end, US Sectors fell 6.8pp to 40.4%.

⬆ Biggest Risers — EWZ +30 Places

EWZ +30 to #11(87.3%), SMH +16 to #60(24.1%), EWY +15 to #2(98.7%), EWJ +15 to #21(74.7%).

🏆 Top of Universe — USO #1 at 100.0%

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

📋 Positioning Reads

Conviction longs (20): USO · EWY · EWT · XOP · COPX · XME · EZA · URA · OIH · XLE · EWZ · SLV · PPLT · IGV.

Underweight / avoid (21): SMH · LQD · KBE · BNDX · TLT · IEF · UUP · XLP · KRE · XRT · EWQ · XLY.

Near neutral (watch): EWN · XLB · INDA · UAE · JBBB · EWW · JAAA · MCHI — at the cross-asset inflection point.

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

LC Pairwise Ranking · 80 ETFs · 3,160 pairs · 8-week MA · 04 Sep 2026