LC Pairwise Ranking Dashboard

#1 Ranked

IGV

Software

Top Score

100.0%

79/79 wins

Top Riser

USO

+62 places

Top Bucket

Commodities

75.3% avg

Run Date

14 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 · 17 Feb → 14 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.

Commodities

75.3% +13.3pp

Intl Developed

71.7% -0.8pp

US Sectors

54.4% +5.1pp

US Subsectors

48.4% -9.5pp

Intl EM

40.4% -15.8pp

Fixed Inc / FX

21.3% +1.2pp

Weekly Trend

Regime Commentary

Commodities — 75.3% (+13.3pp)

Leaders: OIH #2(98.7%); XOP #3(97.5%); XME #4(96.2%).
Laggards: DBA #47(40.5%); UNL #80(0.0%).

Intl Developed — 71.7% (-0.8pp)

Leaders: EWS #9(91.1%); EWC #13(84.8%); EWG #15(82.3%).
Laggards: EWU #39(51.9%); EWH #41(49.4%).

US Sectors — 54.4% (+5.1pp)

Leaders: XLE #6(93.7%); XLK #23(72.2%); XLF #24(70.9%).
Laggards: XLRE #52(35.4%); XLU #76(5.1%).

US Subsectors — 48.4% (-9.5pp)

Leaders: IGV #1(100.0%); CIBR #5(94.9%); ITA #17(79.7%).
Laggards: ITB #71(11.4%); ICLN #79(1.3%).

Intl EM — 40.4% (-15.8pp)

Leaders: EZA #20(77.2%); FXI #35(57.0%); MCHI #36(55.7%).
Laggards: EWW #74(7.6%); EWZ #78(2.5%).

Fixed Inc / FX — 21.3% (+1.2pp)

Leaders: PFF #48(40.5%); HYG #53(34.2%); JAAA #54(32.9%).
Laggards: LQD #75(6.3%); TLT #77(3.8%).

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	—	54%	23%	24%	70%	91%
US Subsectors	45%	—	27%	28%	58%	73%
Commodities	76%	72%	—	66%	87%	93%
Intl Developed	74%	70%	31%	—	91%	100%
Intl EM	27%	39%	12%	8%	—	80%
Fixed Inc / FX	9%	25%	7%	0%	20%	—

Top 5 per Bucket

US Sectors — 54.4%

#6 XLE +35 93.7%

#23 XLK +9 72.2%

#24 XLF -3 70.9%

#28 XLV 65.8%

#34 XLC +11 58.2%

US Subsectors — 48.4%

#1 IGV 100.0%

#5 CIBR -2 94.9%

#17 ITA -1 79.7%

#27 KBE +12 67.1%

#32 KRE +11 60.8%

Commodities — 75.3%

#2 OIH +48 98.7%

#3 XOP +41 97.5%

#4 XME +3 96.2%

#7 COPX -5 91.1%

#8 USO +62 91.1%

Intl Developed — 71.7%

#9 EWS -3 91.1%

#13 EWC +7 84.8%

#15 EWG -4 82.3%

#16 EWN +30 81.0%

#18 EWJ +6 77.2%

Intl EM — 40.4%

#20 EZA -15 77.2%

#35 FXI -27 57.0%

#36 MCHI -27 55.7%

#45 UAE -9 44.3%

#46 ECH -19 43.0%

Fixed Inc / FX — 21.3%

#48 PFF +7 40.5%

#53 HYG 34.2%

#54 JAAA 32.9%

#56 JBBB 30.4%

#57 SGOV +1 29.1%

⬆ Biggest Risers — rank gain vs prior week

#8 USO Crude Oil ETF +62 91.1%

#2 OIH Oil Services +48 98.7%

#3 XOP Oil & Gas E&P +41 97.5%

#6 XLE Energy +35 93.7%

#49 EWY South Korea +31 39.2%

#16 EWN Netherlands +30 81.0%

#19 EWT Taiwan +30 77.2%

#21 WEAT Wheat +27 74.7%

#27 KBE Banks +12 67.1%

#63 SMH Semiconductors +12 21.5%

⬇ Biggest Fallers — rank drop vs prior week

#70 JETS Airlines -40 12.7%

#74 EWW Mexico -32 7.6%

#71 ITB Homebuilders -31 11.4%

#31 PALL Palladium -27 62.0%

#35 FXI China (FXI) -27 57.0%

#36 MCHI China (MCHI) -27 55.7%

#78 EWZ Brazil -26 2.5%

#55 XRT Retail -20 31.6%

#46 ECH Chile -19 43.0%

#37 XBI Biotech -18 54.4%

🥇 Top 10 Overall

#1 IGV Software 100.0%

#2 OIH Oil Services 98.7%

#3 XOP Oil & Gas E&P 97.5%

#4 XME Metals & Mining 96.2%

#5 CIBR Cybersecurity 94.9%

#6 XLE Energy 93.7%

#7 COPX Copper Miners 91.1%

#8 USO Crude Oil ETF 91.1%

#9 EWS Singapore 91.1%

#10 SLV Silver 88.6%

🔴 Bottom 10 Overall

#71 ITB Homebuilders 11.4%

#72 AGG US Aggregate 10.1%

#73 UUP US Dollar 8.9%

#74 EWW Mexico 7.6%

#75 LQD IG Corporate 6.3%

#76 XLU Utilities 5.1%

#77 TLT 20+ Yr Treasury 3.8%

#78 EWZ Brazil 2.5%

#79 ICLN Clean Energy 1.3%

#80 UNL Natural Gas 0.0%

Macro Regime — 14 Aug 2026 · Auto-generated from pairwise data · Internal use only.

⛽ Commodities Leads — 75.3% Average

Commodities leads the 80-ETF universe at 75.3% (+13.3pp vs prior week). Equities outpacing FI/FX—Commodities (75.3%) leads Fixed Inc (21.3%). Risk-on signal. Weakest bucket: Fixed Inc / FX at 21.3%.

📈 Commodities Surges +13.3pp — Biggest Bucket Move

Commodities moved +13.3pp to 75.3% this week. Leaders: OIH #2(98.7%), XOP #3(97.5%), XME #4(96.2%), COPX #7(91.1%). At the other end, Intl EM fell 15.8pp to 40.4%.

⬆ Biggest Risers — USO +62 Places

USO +62 to #8(91.1%), OIH +48 to #2(98.7%), XOP +41 to #3(97.5%), XLE +35 to #6(93.7%).

🏆 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: UNL (0.0%) losing most matchups.

📋 Positioning Reads

Conviction longs (20): IGV · OIH · XOP · XME · CIBR · XLE · COPX · USO · EWS · SLV · PPLT · GLD · EWC · URA.

Underweight / avoid (20): IAGG · VMBS · SMH · TIP · BND · GOVT · IEF · MUB · BNDX · JETS · ITB · AGG.

Near neutral (watch): XBI · XLI · EWU · XLY · EWH · XLB · XLP · KIE — 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 · 14 Aug 2026