Relative Strength is a popular trend-following indicator and should not be confused with RSI. iVIEWMarkets use the S&P 500 benchmark when looking comparing individual S&P 500 stocks and a 12 month time frame. As for ETF’s iVIEWarkets uses SHY as a relative benchmark. Relative Strength can very helpful as a tool for Asset Class rebalancing.
This momentum strategy is considered to be bullish once a security moves above it’s selected benchmarks 12 month return. Typically a ranking is applied to those with securities with the greatest relative strength. Theoretically, the greatest return above the selected benchmark on a specific time frame is considered to have the strongest relative strength.
Best Performing Sector:
Worst Performing Sector:
Click on ETF to see the strongest and weakest stocks within that sector or industry