Thematic baskets

as of 2026-09-11

Memory & Storage leads the themes year to date (+256.1% vs S&P) · AI Displacement Risk lags (-26.0%) · 28 baskets across 9 categories.

S&P 500 theme baskets and ETF allocations, rebalanced monthly. Stock baskets use equal weights; ETF allocations show their target weights. Every membership change is dated in the changelog. Compare basket & factor correlations →

Performance table

Click a column to sort, or a basket name for its chart, holdings, and methodology.

Basket1d5d20d60dMTDYTD1y
Memory & Storage-3.5%+4.2%-0.1%-18.7%+1.6%+256.1%+612.4%
Optical Interconnect+1.4%+13.6%-2.7%-9.7%+3.9%+74.6%+190.8%
AI Infrastructure Leaders+1.5%+6.5%-4.0%-7.5%+4.1%+73.6%+107.5%
60/40 SMH/XLE+0.1%+3.2%+2.1%+1.3%+2.3%+41.7%+52.5%
Cybersecurity-0.9%+0.4%-5.6%+5.5%-5.6%+40.8%+40.6%
US Energy Complex-0.8%+1.1%+8.0%+14.6%+1.1%+32.4%+30.1%
Commodity Producers-1.1%+0.4%+6.8%+7.0%+1.4%+21.9%+23.9%
Managed Care & Health Insurers-0.7%-0.5%+3.2%-0.4%+3.2%+16.5%+17.0%
Hospitals & Providers+0.2%+1.1%+2.6%+8.0%+0.3%+5.8%+2.7%
Power & Grid Buildout+1.1%+3.0%-4.2%-8.2%+3.4%+2.5%-2.4%
Regional Banks-0.3%+0.2%-2.8%+1.3%+2.3%+2.3%+3.1%
Reshoring & Industrial Capex+0.3%+0.4%-6.1%-8.2%-1.1%+1.4%+1.3%
Capital Markets Cycle-0.4%-2.7%-1.3%+3.1%-2.8%-1.5%-2.8%
Magnificent Seven+0.1%+0.5%+4.2%+3.9%+2.1%-3.9%+0.9%
Fortress Balance Sheets-0.0%-2.6%-2.8%+2.3%-3.9%-4.4%-2.4%
Defensives-0.8%-1.3%-1.1%-1.4%-1.8%-4.7%-12.2%
Nuclear Renaissance+0.1%+2.0%-0.5%-4.1%+4.7%-8.1%-15.2%
Retail-0.1%-2.7%-4.1%-2.8%-2.6%-9.5%-12.3%
Crypto Financialization-0.4%-6.3%+5.0%+12.9%+0.1%-9.9%-25.2%
Space Economy-0.7%-1.0%-8.9%-4.4%-4.1%-12.3%-13.9%
Defense & Aerospace-0.6%-2.8%-9.6%-3.5%-5.1%-12.4%-12.2%
GLP-1 Pressure-1.5%-3.6%-3.2%-2.7%-4.6%-12.8%-22.1%
Travel & Experiences-0.1%-2.4%-10.2%-10.2%-3.7%-14.3%-14.4%
Payments & Fintech-0.1%-3.5%-1.8%+8.1%-2.5%-15.1%-22.4%
Housing Chain+0.2%-2.7%-7.9%-9.6%-4.0%-16.4%-31.7%
AI Software & Platforms+0.4%-2.9%-0.5%+7.3%-5.4%-18.2%-19.4%
Homebuilders+0.7%-3.5%-5.9%-9.8%-4.5%-19.6%-36.2%
AI Displacement Risk+2.1%-6.3%+0.3%+14.3%-7.3%-26.0%-25.6%

Performance

Rebased to 0% at the start of the window. History before a basket's creation date is a backtest of its membership at creation.

Baskets by category

Period