LC Pairwise Ranking Dashboard

#1 Ranked

XOP

Oil & Gas E&P

Top Score

100.0%

79/79 wins

Top Riser

IGV

+56 places

Top Bucket

Intl Developed

68.6% avg

Run Date

31 Jul 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 · 02 Feb → 31 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.

Intl Developed

68.6% +9.3pp

Intl EM

56.2% +14.7pp

US Subsectors

55.3% +2.8pp

US Sectors

50.1% -10.9pp

Commodities

43.0% +1.7pp

Fixed Inc / FX

37.8% -9.8pp

Weekly Trend

Regime Commentary

Intl Developed — 68.6% (+9.3pp)

Leaders: EWS #4(96.2%); EWH #5(94.9%); EWP #10(88.6%).
Laggards: EWN #61(24.1%); EWT #73(8.9%).

Intl EM — 56.2% (+14.7pp)

Leaders: FXI #2(98.7%); MCHI #7(92.4%); EWZ #8(91.1%).
Laggards: KSA #64(20.3%); EWY #80(0.0%).

US Subsectors — 55.3% (+2.8pp)

Leaders: KIE #9(89.9%); CIBR #13(84.8%); IGV #15(82.3%).
Laggards: SMH #77(3.8%); ICLN #79(1.3%).

US Sectors — 50.1% (-10.9pp)

Leaders: XLE #6(93.7%); XLF #11(87.3%); XLV #21(74.7%).
Laggards: XLU #67(16.5%); XLK #70(12.7%).

Commodities — 43.0% (+1.7pp)

Leaders: XOP #1(100.0%); USO #3(97.5%); CPER #14(83.5%).
Laggards: NLR #76(5.1%); URA #78(2.5%).

Fixed Inc / FX — 37.8% (-9.8pp)

Leaders: SGOV #35(57.0%); BIL #36(55.7%); USHY #37(54.4%).
Laggards: LQD #65(19.0%); TLT #69(13.9%).

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	—	44%	58%	30%	43%	63%
US Subsectors	54%	—	58%	35%	48%	71%
Commodities	41%	40%	—	28%	41%	49%
Intl Developed	68%	63%	71%	—	61%	82%
Intl EM	56%	50%	57%	39%	—	69%
Fixed Inc / FX	36%	26%	47%	18%	30%	—

Top 5 per Bucket

US Sectors — 50.1%

#6 XLE -2 93.7%

#11 XLF -2 87.3%

#21 XLV -11 74.7%

#32 XLP +2 60.8%

#33 XLY +40 59.5%

US Subsectors — 55.3%

#9 KIE -4 89.9%

#13 CIBR +20 84.8%

#15 IGV +56 82.3%

#19 KBE -8 77.2%

#20 XRT +12 75.9%

Commodities — 43.0%

#1 XOP +2 100.0%

#3 USO -2 97.5%

#14 CPER +16 83.5%

#24 WEAT -22 70.9%

#25 PALL +35 69.6%

Intl Developed — 68.6%

#4 EWS +2 96.2%

#5 EWH +3 94.9%

#10 EWP +8 88.6%

#12 EWU +8 86.1%

#16 EWG +35 81.0%

Intl EM — 56.2%

#2 FXI +13 98.7%

#7 MCHI +18 92.4%

#8 EWZ +9 91.1%

#26 INDA +32 68.4%

#28 EWW +12 65.8%

Fixed Inc / FX — 37.8%

#35 SGOV -6 57.0%

#36 BIL -5 55.7%

#37 USHY 54.4%

#38 JAAA -10 53.2%

#39 JBBB -13 51.9%

⬆ Biggest Risers — rank gain vs prior week

#15 IGV Software +56 82.3%

#33 XLY Consumer Discret. +40 59.5%

#16 EWG Germany +35 81.0%

#25 PALL Palladium +35 69.6%

#26 INDA India +32 68.4%

#30 JETS Airlines +31 63.3%

#43 EZA South Africa +27 48.1%

#18 EWQ France +23 78.5%

#40 COPX Copper Miners +23 49.4%

#49 PPLT Platinum +23 39.2%

⬇ Biggest Fallers — rank drop vs prior week

#67 XLU Utilities -51 16.5%

#50 XBI Biotech -36 38.0%

#66 XLB Materials -30 17.7%

#62 OIH Oil Services -27 22.8%

#48 UUP US Dollar -26 40.5%

#42 XLI Industrials -23 48.1%

#24 WEAT Wheat -22 70.9%

#29 DBA Agriculture -22 64.6%

#71 ITB Homebuilders -22 11.4%

#34 XLRE Real Estate -21 58.2%

🥇 Top 10 Overall

#1 XOP Oil & Gas E&P 100.0%

#2 FXI China (FXI) 98.7%

#3 USO Crude Oil ETF 97.5%

#4 EWS Singapore 96.2%

#5 EWH Hong Kong 94.9%

#6 XLE Energy 93.7%

#7 MCHI China (MCHI) 92.4%

#8 EWZ Brazil 91.1%

#9 KIE Insurance 89.9%

#10 EWP Spain 88.6%

🔴 Bottom 10 Overall

#71 ITB Homebuilders 11.4%

#72 UNL Natural Gas 10.1%

#73 EWT Taiwan 8.9%

#74 SLV Silver 7.6%

#75 XME Metals & Mining 6.3%

#76 NLR Nuclear Energy 5.1%

#77 SMH Semiconductors 3.8%

#78 URA Uranium 2.5%

#79 ICLN Clean Energy 1.3%

#80 EWY South Korea 0.0%

Macro Regime — 31 Jul 2026 · Auto-generated from pairwise data · Internal use only.

🌍 Intl Developed Leads — 68.6% Average

Intl Developed leads the 80-ETF universe at 68.6% (+9.3pp vs prior week). Equities outpacing FI/FX—Intl Developed (68.6%) leads Fixed Inc (37.8%). Risk-on signal. Weakest bucket: Fixed Inc / FX at 37.8%.

📈 Intl EM Surges +14.7pp — Biggest Bucket Move

Intl EM moved +14.7pp to 56.2% this week. Leaders: FXI #2(98.7%), MCHI #7(92.4%), EWZ #8(91.1%). At the other end, US Sectors fell 10.9pp to 50.1%.

⬆ Biggest Risers — IGV +56 Places

IGV +56 to #15(82.3%), XLY +40 to #33(59.5%), EWG +35 to #16(81.0%), PALL +35 to #25(69.6%).

🏆 Top of Universe — XOP #1 at 100.0%

XOP (Oil & Gas E&P) 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): XOP · FXI · USO · EWS · EWH · XLE · MCHI · EWZ · KIE · EWP · XLF · EWU · CIBR · CPER.

Underweight / avoid (20): EWN · OIH · XLC · KSA · LQD · XLB · XLU · GLD · TLT · XLK · ITB · UNL.

Near neutral (watch): USHY · JAAA · JBBB · COPX · HYG · XLI · EZA · EWJ — 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 · 31 Jul 2026