This tracks how US Financials is performing against the S&P 500: the relative-strength read traders use to find sectors gaining momentum and the strongest stocks within them. Look for three things: whether it is gaining or losing ground on the index, whether the move is broad or led by a few large names, and which stocks lead on relative strength.
Current read · as at 12 Sept 2026
US Financials is outperforming the S&P 500 but losing momentum (the weakening zone of the rotation chart). It is down 0.3% over the past month but up 16.3% year to date. 14 of 20 stocks are above their 50-day average, with broad participation across the sector. On 3-month relative strength, SAN.US, SCHW.US and MUFG.US lead the sector.
Relative strength is measured against S&P 500, centred at 100. Above 100 means it outpaced the benchmark.
Performance charts
Rebased to 100 vs S&P 500
End of day
Equal-weight tracks the typical stock (sector breadth); Cap-weight is driven by the largest names. The gap between them shows how broad the move is.
US Financials vs S&P 500
Rising = outperforming
100 = matches benchmark. Above = outpacing it; below = lagging.
Equal-weight minus cap-weight
Participation, not a forecast
Above zero = broad participation (typical stock leading the largest names); below zero = narrow, megacap-driven.
What's underneath the leaders
End of day
Latest-day drivers
- SMFG.US+2.79%+0.14%
- MUFG.US+2.58%+0.13%
- SAN.US+2.26%+0.11%
Top 3 account for 34% of the total move.
Contribution is each holding's weight times its one-day move.
Emerging leaders (3-month rank)
- 1SAN.US+11
- 2SCHW.US+18
- 3MUFG.US+5
- 4SMFG.US+5
- 5HSBC.US+11
Rank 1 = strongest 3-month move. Delta is the rank change; positive means improving.
Breadth and Effective N measure how widely the basket is moving right now — a participation gauge, not a forecast.
Constituents
Weights and contribution to the basket move
AXP.US | American Express Company | $324.69 | +1.24% | 5.0% | +0.06% |
BAC.US | Bank of America Corp | $62.69 | +0.21% | 5.0% | +0.01% |
BLK.US | BlackRock Inc | $1,079.65 | +1.62% | 5.0% | +0.08% |
BRK-B.US | Berkshire Hathaway Inc | $510.37 | +0.66% | 5.0% | +0.03% |
C.US | Citigroup Inc. | $138.82 | +0.23% | 5.0% | +0.01% |
GS.US | Goldman Sachs Group Inc | $1,029.1801 | +0.92% | 5.0% | +0.05% |
HSBC.US | HSBC Holdings PLC ADR | $105.30 | +1.54% | 5.0% | +0.08% |
IBKR.US | Interactive Brokers Group Inc | $91.37 | +2.18% | 5.0% | +0.11% |
JPM.US | JPMorgan Chase & Co | $356.23 | +0.76% | 5.0% | +0.04% |
MA.US | Mastercard Inc | $569.19 | +0.68% | 5.0% | +0.03% |
MS.US | Morgan Stanley | $214.38 | +0.81% | 5.0% | +0.04% |
MUFG.US | Mitsubishi UFJ Financial Group Inc ADR | $23.89 | +2.58% | 5.0% | +0.13% |
RY.US | Royal Bank of Canada | $205.90 | -0.04% | 5.0% | -0.00% |
SAN.US | Banco Santander SA ADR | $14.96 | +2.26% | 5.0% | +0.11% |
SCHW.US | Charles Schwab Corp | $107.25 | -0.07% | 5.0% | -0.00% |
SMFG.US | Sumitomo Mitsui Financial Group Inc | $27.29 | +2.79% | 5.0% | +0.14% |
TD.US | Toronto Dominion Bank | $120.97 | +0.69% | 5.0% | +0.03% |
UBS.US | UBS Group AG | $54.58 | +1.06% | 5.0% | +0.05% |
V.US | Visa Inc. Class A | $370.45 | +0.88% | 5.0% | +0.04% |
WFC.US | Wells Fargo & Company | $90.29 | +0.94% | 5.0% | +0.05% |
AXP.US
American Express Company
- Last
- $324.69
- 1D
- +1.24%
- Weight
- 5.0%
- Contribution
- +0.06%
BAC.US
Bank of America Corp
- Last
- $62.69
- 1D
- +0.21%
- Weight
- 5.0%
- Contribution
- +0.01%
BLK.US
BlackRock Inc
- Last
- $1,079.65
- 1D
- +1.62%
- Weight
- 5.0%
- Contribution
- +0.08%
BRK-B.US
Berkshire Hathaway Inc
- Last
- $510.37
- 1D
- +0.66%
- Weight
- 5.0%
- Contribution
- +0.03%
C.US
Citigroup Inc.
- Last
- $138.82
- 1D
- +0.23%
- Weight
- 5.0%
- Contribution
- +0.01%
GS.US
Goldman Sachs Group Inc
- Last
- $1,029.1801
- 1D
- +0.92%
- Weight
- 5.0%
- Contribution
- +0.05%
HSBC.US
HSBC Holdings PLC ADR
- Last
- $105.30
- 1D
- +1.54%
- Weight
- 5.0%
- Contribution
- +0.08%
IBKR.US
Interactive Brokers Group Inc
- Last
- $91.37
- 1D
- +2.18%
- Weight
- 5.0%
- Contribution
- +0.11%
JPM.US
JPMorgan Chase & Co
- Last
- $356.23
- 1D
- +0.76%
- Weight
- 5.0%
- Contribution
- +0.04%
MA.US
Mastercard Inc
- Last
- $569.19
- 1D
- +0.68%
- Weight
- 5.0%
- Contribution
- +0.03%
MS.US
Morgan Stanley
- Last
- $214.38
- 1D
- +0.81%
- Weight
- 5.0%
- Contribution
- +0.04%
MUFG.US
Mitsubishi UFJ Financial Group Inc ADR
- Last
- $23.89
- 1D
- +2.58%
- Weight
- 5.0%
- Contribution
- +0.13%
RY.US
Royal Bank of Canada
- Last
- $205.90
- 1D
- -0.04%
- Weight
- 5.0%
- Contribution
- -0.00%
SAN.US
Banco Santander SA ADR
- Last
- $14.96
- 1D
- +2.26%
- Weight
- 5.0%
- Contribution
- +0.11%
SCHW.US
Charles Schwab Corp
- Last
- $107.25
- 1D
- -0.07%
- Weight
- 5.0%
- Contribution
- -0.00%
SMFG.US
Sumitomo Mitsui Financial Group Inc
- Last
- $27.29
- 1D
- +2.79%
- Weight
- 5.0%
- Contribution
- +0.14%
TD.US
Toronto Dominion Bank
- Last
- $120.97
- 1D
- +0.69%
- Weight
- 5.0%
- Contribution
- +0.03%
UBS.US
UBS Group AG
- Last
- $54.58
- 1D
- +1.06%
- Weight
- 5.0%
- Contribution
- +0.05%
V.US
Visa Inc. Class A
- Last
- $370.45
- 1D
- +0.88%
- Weight
- 5.0%
- Contribution
- +0.04%
WFC.US
Wells Fargo & Company
- Last
- $90.29
- 1D
- +0.94%
- Weight
- 5.0%
- Contribution
- +0.05%
Last price shown at full precision. Contribution is each holding's weight times its one-day move. A dash marks data pending after the latest end-of-day refresh.
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Back to all US sectorsMethodology
Equal weighted. Membership is recalculated nightly from end-of-day data: active US common stocks in the Financial Services sector with a market cap of at least USD 1 billion and a 90-day average daily value traded of at least USD 5 million, ranked by market cap, top 20. The published index is equal-weighted, tracking the typical stock; a market-cap-weighted companion line (capped at 20% per stock) is shown for comparison. The gap between the two is a participation gauge, not a forecast.