SPDR Sectors

█ OVERVIEW

This script is an interactive and customizable SPDR Sectors Indicator designed to monitor and analyze the performance of the 11 main sectors of the S&P 500 using sector-specific ETFs. The script provides a dynamic table for tracking daily or periodic sector movements, making it an essential tool for traders, analysts, and investors implementing sector rotation strategies.



█ DEFINITIONS

SPDR Sectors ETFs are exchange-traded funds managed by State Street Global Advisors that divide the S&P 500 into the following 11 sectors:
- Communication Services (XLC)
- Consumer Discretionary (XLY)
- Consumer Staples (XLP)
- Energy (XLE)
- Financials (XLF)
- Health Care (XLV)
- Industrials (XLI)
- Materials (XLB)
- Real Estate (XLRE)
- Technology (XLK)
- Utilities (XLU)

These ETFs aim to replicate the performance of their respective sectors as defined by the Global Industry Classification Standard (GICS). The funds are periodically rebalanced to match changes in the S&P 500, offering an accurate reflection of sectoral trends.



█ INDICATOR

The script provides a table displaying the ticker and its corresponding sector name in official GICS terminology, using the SPDR official color. Additionally, it shows the percentage performance, calculated daily for intraday charts or according to the chart's time frame.
The table can be sorted in ascending or descending order, based on either performance or the weight of the ETFs in the S&P 500, which can be manually updated using data retrieved from sectorspdrs.com