This tracks how US Industrials 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 Industrials is underperforming the S&P 500 and losing ground (the lagging zone of the rotation chart). It is down 7.3% over the past month but up 20.4% year to date. 4 of 20 stocks are above their 50-day average, with only a minority participating. On 3-month relative strength, DE.US, RTX.US and ETN.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 Industrials 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
- PWR.US+5.15%+0.26%
- ETN.US+3.96%+0.20%
- GEV.US+3.61%+0.18%
Top 3 account for 41% of the total move.
Contribution is each holding's weight times its one-day move.
Emerging leaders (3-month rank)
- 1DE.US+14
- 2RTX.US+17
- 3ETN.US+2
- 4PH.US+13
- 5UNP.US+4
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
BA.US | The Boeing Company | $210.45 | +2.76% | 5.0% | +0.14% |
CAT.US | Caterpillar Inc | $818.57 | +1.69% | 5.0% | +0.08% |
CMI.US | Cummins Inc | $556.75 | +1.22% | 5.0% | +0.06% |
CSX.US | CSX Corporation | $48.95 | -0.18% | 5.0% | -0.01% |
DE.US | Deere & Company | $675.74 | -0.32% | 5.0% | -0.02% |
ETN.US | Eaton Corporation PLC | $425.37 | +3.96% | 5.0% | +0.20% |
GD.US | General Dynamics Corporation | $355.90 | +0.47% | 5.0% | +0.02% |
GE.US | GE Aerospace | $323.66 | -0.15% | 5.0% | -0.01% |
GEV.US | GE Vernova LLC | $957.27 | +3.61% | 5.0% | +0.18% |
HWM.US | Howmet Aerospace Inc | $229.61 | +0.75% | 5.0% | +0.04% |
JCI.US | Johnson Controls International PLC | $146.01 | +2.24% | 5.0% | +0.11% |
LMT.US | Lockheed Martin Corporation | $524.19 | -1.12% | 5.0% | -0.06% |
PH.US | Parker-Hannifin Corporation | $950.23 | +1.70% | 5.0% | +0.09% |
PWR.US | Quanta Services Inc | $650.58 | +5.15% | 5.0% | +0.26% |
RTX.US | RTX Corporation | $197.68 | -0.22% | 5.0% | -0.01% |
TT.US | Trane Technologies plc | $442.52 | +0.61% | 5.0% | +0.03% |
UNP.US | Union Pacific Corporation | $284.40 | -0.48% | 5.0% | -0.02% |
UPS.US | United Parcel Service Inc | $100.28 | +0.31% | 5.0% | +0.02% |
VRT.US | Vertiv Holdings Co | $257.06 | +3.60% | 5.0% | +0.18% |
WM.US | Waste Management Inc | $213.46 | -0.61% | 5.0% | -0.03% |
BA.US
The Boeing Company
- Last
- $210.45
- 1D
- +2.76%
- Weight
- 5.0%
- Contribution
- +0.14%
CAT.US
Caterpillar Inc
- Last
- $818.57
- 1D
- +1.69%
- Weight
- 5.0%
- Contribution
- +0.08%
CMI.US
Cummins Inc
- Last
- $556.75
- 1D
- +1.22%
- Weight
- 5.0%
- Contribution
- +0.06%
CSX.US
CSX Corporation
- Last
- $48.95
- 1D
- -0.18%
- Weight
- 5.0%
- Contribution
- -0.01%
DE.US
Deere & Company
- Last
- $675.74
- 1D
- -0.32%
- Weight
- 5.0%
- Contribution
- -0.02%
ETN.US
Eaton Corporation PLC
- Last
- $425.37
- 1D
- +3.96%
- Weight
- 5.0%
- Contribution
- +0.20%
GD.US
General Dynamics Corporation
- Last
- $355.90
- 1D
- +0.47%
- Weight
- 5.0%
- Contribution
- +0.02%
GE.US
GE Aerospace
- Last
- $323.66
- 1D
- -0.15%
- Weight
- 5.0%
- Contribution
- -0.01%
GEV.US
GE Vernova LLC
- Last
- $957.27
- 1D
- +3.61%
- Weight
- 5.0%
- Contribution
- +0.18%
HWM.US
Howmet Aerospace Inc
- Last
- $229.61
- 1D
- +0.75%
- Weight
- 5.0%
- Contribution
- +0.04%
JCI.US
Johnson Controls International PLC
- Last
- $146.01
- 1D
- +2.24%
- Weight
- 5.0%
- Contribution
- +0.11%
LMT.US
Lockheed Martin Corporation
- Last
- $524.19
- 1D
- -1.12%
- Weight
- 5.0%
- Contribution
- -0.06%
PH.US
Parker-Hannifin Corporation
- Last
- $950.23
- 1D
- +1.70%
- Weight
- 5.0%
- Contribution
- +0.09%
PWR.US
Quanta Services Inc
- Last
- $650.58
- 1D
- +5.15%
- Weight
- 5.0%
- Contribution
- +0.26%
RTX.US
RTX Corporation
- Last
- $197.68
- 1D
- -0.22%
- Weight
- 5.0%
- Contribution
- -0.01%
TT.US
Trane Technologies plc
- Last
- $442.52
- 1D
- +0.61%
- Weight
- 5.0%
- Contribution
- +0.03%
UNP.US
Union Pacific Corporation
- Last
- $284.40
- 1D
- -0.48%
- Weight
- 5.0%
- Contribution
- -0.02%
UPS.US
United Parcel Service Inc
- Last
- $100.28
- 1D
- +0.31%
- Weight
- 5.0%
- Contribution
- +0.02%
VRT.US
Vertiv Holdings Co
- Last
- $257.06
- 1D
- +3.60%
- Weight
- 5.0%
- Contribution
- +0.18%
WM.US
Waste Management Inc
- Last
- $213.46
- 1D
- -0.61%
- Weight
- 5.0%
- Contribution
- -0.03%
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 Industrials 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.