Relative-Price Percentile Shifts for Sector and Region ETFs

Data as of Aug 7, 2026

As of 2026-08-07, several exchange-traded funds have reached notable relative-price percentiles compared to the S&P 500. Most prominent are the assets sitting at the absolute bottom of their historical ranges. The State Street Utilities Select Sector SPDR ETF, identified by ticker XLU, recorded a relative-price percentile of 0% within its 10-year window. This position places the utilities sector ETF near lows (0%) relative to the S&P 500. Similarly, the iShares MSCI Saudi Arabia ETF, under the ticker KSA, also reached a relative-price percentile of 0% within its 10-year window. This emerging market region ETF is now near lows (0%) relative to the S&P 500. Both of these instruments are categorized under the streak event type, indicating sustained downward trajectories in their relative pricing.

The larger downward shift in relative-price percentile as of 2026-08-07 occurred in the sector category. The State Street Consumer Staples Select Sector SPDR ETF, ticker XLP, registered a delta of -2.5%. This movement brought its relative-price percentile down to 0.3% within its 10-year window, compared to its previous percentile of 2.8%. This consumer staples sector ETF is currently near lows (0.3%) relative to the S&P 500. Another notable downward shift was observed in the State Street Utilities Select Sector SPDR ETF, which showed a delta of -1.7%. This change moved XLU from its previous percentile of 1.7% down to its current relative-price percentile of 0% within its 10-year window.

In contrast to these sector-specific downward movements, the developed region ETFs displayed different dynamics near the lower boundaries of their ranges as of 2026-08-07. The iShares MSCI France ETF, ticker EWQ, entered a new extreme. Its relative-price percentile reached 4.9% within its 10-year window, representing a delta of -0.2% from its previous percentile of 5.1%. This developed region ETF remains near lows (4.9%) relative to the S&P 500. Meanwhile, the iShares MSCI Australia ETF, ticker EWA, exhibited an exit from its extreme state. EWA recorded a relative-price percentile of 5.1% within its 10-year window, moving up from its previous percentile of 4.8%. This positive change is represented by a delta of 0.3%, placing the Australia ETF near lows (5.1%) relative to the S&P 500.

An examination of the data as of 2026-08-07 highlights a divergence between sectors and regions. The sector ETFs, consisting of the State Street Utilities Select Sector SPDR ETF (XLU) and the State Street Consumer Staples Select Sector SPDR ETF (XLP), both experienced notable negative deltas of -1.7% and -2.5% respectively. This has left XLU near lows (0%) and XLP near lows (0.3%) within their respective 10-year windows relative to the S&P 500. On the other hand, the developed region ETFs, which include the iShares MSCI France ETF (EWQ) and the iShares MSCI Australia ETF (EWA), are positioned slightly higher, near the 4.9% and 5.1% levels within their 10-year windows. EWQ sits near lows (4.9%) and EWA sits near lows (5.1%) within their 10-year windows. The emerging region ETF, iShares MSCI Saudi Arabia ETF (KSA), did not follow the developed region pattern, instead dropping to a relative-price percentile of 0% within its 10-year window.

The specific movements within the region categories as of 2026-08-07 show varied adjustments. The iShares MSCI France ETF (EWQ) experienced a small negative delta of -0.2%, which was sufficient to trigger a new extreme event as its relative-price percentile fell to 4.9% within its 10-year window. Its previous percentile was 5.1%. Conversely, the iShares MSCI Australia ETF (EWA) experienced a small positive delta of 0.3%, which allowed it to exit its extreme status as its relative-price percentile rose to 5.1% within its 10-year window. Its previous percentile was 4.8%. These movements demonstrate that while both developed region ETFs remain near the 4.9% and 5.1% levels relative to the S&P 500, they are moving in opposite directions.

The streak events recorded as of 2026-08-07 highlight persistent downward pressure for multiple distinct assets. The State Street Utilities Select Sector SPDR ETF (XLU) fell by a delta of -1.7% to reach a relative-price percentile of 0% within its 10-year window, down from a previous percentile of 1.7%. The State Street Consumer Staples Select Sector SPDR ETF (XLP) fell by a delta of -2.5% to reach a relative-price percentile of 0.3% within its 10-year window, down from a previous percentile of 2.8%. Lastly, the iShares MSCI Saudi Arabia ETF (KSA) fell by a delta of -0.3% to reach a relative-price percentile of 0% within its 10-year window, down from a previous percentile of 0.3%. These assets are all positioned near lows relative to the S&P 500, with XLU near lows (0%), XLP near lows (0.3%), and KSA near lows (0%).

See the methodology for how these figures are computed. Not investment advice.