Identify which sectors are leading, lagging, improving, or weakening. Reveal rotation patterns difficult to spot from price charts alone.
The ASX is really eleven separate markets wearing one index number. Materials, financials, energy, healthcare and the rest each move to their own rhythm, and the leadership baton is always being passed between them — quietly at first, then unmistakably. Our sector rotation graphs plot all eleven GICS sector indices against the broader benchmark at once, so you can see at a glance which sectors are leading the market higher, which are fading after their run, and which are only just starting to turn up.
This kind of rotation is close to impossible to read from individual stock or sector price charts alone — a chart only tells you where a sector has been in absolute terms, not how it's performing relative to everything else right now. Plotting sectors on relative footing, with a trail of recent positions, turns a wall of separate charts into one picture of where market leadership actually sits this week.
Outperforming the benchmark and still improving — the sectors currently doing the heavy lifting for the market.
Still outperforming, but losing momentum — often the earliest sign that leadership is about to change hands.
Underperforming the benchmark and still losing ground — the sectors the market currently has least interest in.
Still underperforming, but the trend is turning up — a sector worth watching before it becomes obvious.
Each sector leaves a short trail behind its current position, showing where it sat over recent weeks. A sector that moves clockwise around the graph — improving, into leading, through weakening, and eventually into lagging — is tracing out a classic rotation cycle. The direction and length of a trail matter as much as the current quadrant: a sector sprinting into leading tells a different story to one drifting there slowly.
The ASX is more concentrated than most developed markets — materials, financials and energy alone make up a large share of the benchmark — so when capital rotates between sectors, the effect on index-level and stock-level returns is especially pronounced. A materials-led market behaves very differently to a financials-led one, and the difference shows up in which setups actually work.
Keeping an eye on which sectors are leading helps with positioning — buying strength in a market that rewards it rather than fighting a sector that's already lagging — while the improving quadrant doubles as an early watchlist for sectors that haven't been rewarded yet but may be about to turn.
All eleven ASX GICS sector indices, plotted together against the broader ASX benchmark, so every sector's rotation can be compared on the same footing.
Daily, once the latest session's market data lands — sector positions and trails refresh automatically each morning.
No. Sector rotation graphs are general information only, intended to help you understand where market leadership sits — not a recommendation to buy, sell, or hold any sector or security.
General information only, not financial advice —see full disclaimer.
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