LC Pairwise Ranking Dashboard

#1 Ranked

IGV

Software

Top Score

100.0%

79/79 wins

Top Riser

XME

+68 places

Top Bucket

Intl Developed

72.7% avg

Run Date

07 Aug 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 · 09 Feb → 07 Aug

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.

Intl Developed

72.7% +4.1pp

Commodities

62.0% +19.0pp

US Subsectors

57.8% +2.5pp

Intl EM

56.2% 0.0pp

US Sectors

48.2% -1.9pp

Fixed Inc / FX

20.6% -17.2pp

Weekly Trend

Regime Commentary

Intl Developed — 72.7% (+4.1pp)

Leaders: EWS #6(93.7%); EWG #11(87.3%); EWP #14(84.8%).
Laggards: EWN #43(46.8%); EWT #50(38.0%).

Commodities — 62.0% (+19.0pp)

Leaders: COPX #2(98.7%); PALL #4(96.2%); XME #7(92.4%).
Laggards: USO #71(11.4%); UNL #79(1.3%).

US Subsectors — 57.8% (+2.5pp)

Leaders: IGV #1(100.0%); CIBR #3(97.5%); ITA #16(79.7%).
Laggards: SMH #75(6.3%); ICLN #78(2.5%).

Intl EM — 56.2% (0.0pp)

Leaders: EZA #5(94.9%); FXI #8(91.1%); MCHI #9(89.9%).
Laggards: KSA #60(25.3%); EWY #80(0.0%).

US Sectors — 48.2% (-1.9pp)

Leaders: XLF #21(74.7%); XLV #26(68.4%); XLY #29(63.3%).
Laggards: XLRE #61(22.8%); XLU #77(3.8%).

Fixed Inc / FX — 20.6% (-17.2pp)

Leaders: PFF #49(39.2%); USHY #53(34.2%); HYG #55(31.6%).
Laggards: UUP #74(7.6%); TLT #76(5.1%).

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	—	37%	34%	15%	43%	87%
US Subsectors	58%	—	46%	35%	54%	84%
Commodities	64%	51%	—	44%	55%	87%
Intl Developed	85%	64%	52%	—	64%	100%
Intl EM	54%	45%	42%	35%	—	86%
Fixed Inc / FX	13%	16%	8%	0%	14%	—

Top 5 per Bucket

US Sectors — 48.2%

#21 XLF -10 74.7%

#26 XLV -5 68.4%

#29 XLY +4 63.3%

#32 XLK +38 60.8%

#35 XLB +31 57.0%

US Subsectors — 57.8%

#1 IGV +14 100.0%

#3 CIBR +10 97.5%

#16 ITA +15 79.7%

#19 XBI +31 77.2%

#30 KIE -21 63.3%

Commodities — 62.0%

#2 COPX +38 98.7%

#4 PALL +21 96.2%

#7 XME +68 92.4%

#10 PPLT +39 88.6%

#12 GLD +56 84.8%

Intl Developed — 72.7%

#6 EWS -2 93.7%

#11 EWG +5 87.3%

#14 EWP -4 84.8%

#15 EWQ +3 82.3%

#18 EWI -1 79.7%

Intl EM — 56.2%

#5 EZA +38 94.9%

#8 FXI -6 91.1%

#9 MCHI -2 89.9%

#25 ECH +21 69.6%

#36 UAE +17 55.7%

Fixed Inc / FX — 20.6%

#49 PFF -4 39.2%

#53 USHY -14 34.2%

#55 HYG -14 31.6%

#56 JAAA -20 30.4%

#57 JBBB -22 29.1%

⬆ Biggest Risers — rank gain vs prior week

#7 XME Metals & Mining +68 92.4%

#13 URA Uranium +65 84.8%

#17 SLV Silver +57 79.7%

#12 GLD Gold +56 84.8%

#33 NLR Nuclear Energy +43 59.5%

#10 PPLT Platinum +39 88.6%

#2 COPX Copper Miners +38 98.7%

#5 EZA South Africa +38 94.9%

#32 XLK Technology +38 60.8%

#19 XBI Biotech +31 77.2%

⬇ Biggest Fallers — rank drop vs prior week

#71 USO Crude Oil ETF -68 11.4%

#54 EWZ Brazil -46 32.9%

#44 XOP Oil & Gas E&P -43 45.6%

#40 XLE Energy -34 50.6%

#61 XLRE Real Estate -27 22.8%

#74 UUP US Dollar -26 7.6%

#46 KRE Regional Banks -24 43.0%

#57 JBBB CLO BBB -22 29.1%

#59 SGOV 0-3M T-Bills -22 26.6%

#30 KIE Insurance -21 63.3%

🥇 Top 10 Overall

#1 IGV Software 100.0%

#2 COPX Copper Miners 98.7%

#3 CIBR Cybersecurity 97.5%

#4 PALL Palladium 96.2%

#5 EZA South Africa 94.9%

#6 EWS Singapore 93.7%

#7 XME Metals & Mining 92.4%

#8 FXI China (FXI) 91.1%

#9 MCHI China (MCHI) 89.9%

#10 PPLT Platinum 88.6%

🔴 Bottom 10 Overall

#71 USO Crude Oil ETF 11.4%

#72 MUB Muni Bond 11.4%

#73 LQD IG Corporate 8.9%

#74 UUP US Dollar 7.6%

#75 SMH Semiconductors 6.3%

#76 TLT 20+ Yr Treasury 5.1%

#77 XLU Utilities 3.8%

#78 ICLN Clean Energy 2.5%

#79 UNL Natural Gas 1.3%

#80 EWY South Korea 0.0%

Macro Regime — 07 Aug 2026 · Auto-generated from pairwise data · Internal use only.

🌍 Intl Developed Leads — 72.7% Average

Intl Developed leads the 80-ETF universe at 72.7% (+4.1pp vs prior week). Equities outpacing FI/FX—Intl Developed (72.7%) leads Fixed Inc (20.6%). Risk-on signal. Weakest bucket: Fixed Inc / FX at 20.6%.

📈 Commodities Surges +19.0pp — Biggest Bucket Move

Commodities moved +19.0pp to 62.0% this week. Leaders: COPX #2(98.7%), PALL #4(96.2%), XME #7(92.4%), PPLT #10(88.6%). At the other end, Fixed Inc / FX fell 17.2pp to 20.6%.

⬆ Biggest Risers — XME +68 Places

XME +68 to #7(92.4%), URA +65 to #13(84.8%), SLV +57 to #17(79.7%), GLD +56 to #12(84.8%).

🏆 Top of Universe — IGV #1 at 100.0%

IGV (Software) holds #1 with 100.0% pairwise win rate—near-perfect, winning almost every cross-asset matchup. Bottom: EWY (0.0%) losing most matchups.

📋 Positioning Reads

Conviction longs (20): IGV · COPX · CIBR · PALL · EZA · EWS · XME · FXI · MCHI · PPLT · EWG · GLD · URA · EWP.

Underweight / avoid (20): XLRE · IAGG · BNDX · EMB · VMBS · GOVT · BND · AGG · TIP · IEF · USO · MUB.

Near neutral (watch): INDA · XLI · KBE · XLE · ITB · EWW · EWN · XOP — 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 · 07 Aug 2026