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Underperformers#60 of 115 by 1M spread

Data Center & Digital Infrastructure vs the S&P 500 (DTCR): is it outperforming?

Over the past month, DTCR has underperformed the S&P 500 by 0.9 points. Here is where that puts it in the sector rotation — updated daily.

1M spread vs SPY
−0.9 pts
Quadrant
Underperformers
Momentum
Weakening
RS health
Broken
Holdings P/E
50.3×

Where DTCR sits on the rotation map

Data Center & Digital Infrastructure highlighted against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window — the methodology explains the math.

DTCR vs SPY: head-to-head returns

DTCR (data center & digital infrastructure) and SPY (the S&P 500) side by side over every window Zensei tracks. The spread is the difference — positive means DTCR won that window.

Window
DTCR
SPY
Spread
1 week−1.1%+0.5%−1.6 pts
2 weeks−3.6%−1.1%−2.5 pts
1 month+2.9%+3.8%−0.9 pts
3 months−11.0%+2.0%−13.0 pts
6 months+10.0%+12.7%−2.8 pts
1 year+48.8%+19.9%+28.9 pts

Data as of 2026-08-28 · computed from daily adjusted closes · how we measure

The read

Data Center & Digital Infrastructure (DTCR) is out of favor: it trails the S&P 500 on both rotation windows — 0.9 points behind over the past month and 11.7 points behind over the longer, time-shifted window. That is the Underperformers quadrant. Ranked by one-month spread, it currently stands #60 of the 115 groups Zensei tracks.

On the shorter tape, DTCR's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. DTCR's relative-strength line has broken below its long-term average — the long-term outperformance trend is no longer intact. Both signals point the same direction here: the market is not rewarding this group on either horizon.

The exposure comes via Global X Data Center & Digital Infrastructure ETF, whose 19 tracked holdings are led by DIGITAL REALTY TRUST INC, EQUINIX INC and AMERICAN TOWER CORP. Weighted by portfolio, the fund's holdings trade at roughly 50.3× earnings and 9.0× sales. The thing to watch from here is the one-month spread: underperformers only become interesting when the recent window turns positive first — until then, the market is voting elsewhere.

What's inside DTCR

Top 5 of 19 tracked holdings, by portfolio weight.

Holding
Weight
1M
DLRDIGITAL REALTY TRUST INC
13.1%−4.0%
EQIXEQUINIX INC
12.6%+1.4%
AMTAMERICAN TOWER CORP
12.1%+2.8%
CCICROWN CASTLE INC
8.3%+0.5%
GDSGDS HOLDINGS LTD ADR
4.5%+9.1%
14 more holdings — each measured against the sector, with momentum and relative strengthUnlock with Premium

Data Center & Digital Infrastructure vs the market — common questions

Is data center & digital infrastructure outperforming the S&P 500?

Right now, no: over the past month DTCR has underperformed the S&P 500 by 0.9 points. This page updates daily, so the answer reflects current market data rather than a dated article.

What is DTCR?

DTCR is Global X Data Center & Digital Infrastructure ETF, the fund Zensei uses to measure the data center & digital infrastructure group against the S&P 500 benchmark (SPY).

Which stocks are in DTCR?

DTCR's largest tracked positions are DIGITAL REALTY TRUST INC, EQUINIX INC, AMERICAN TOWER CORP, CROWN CASTLE INC, GDS HOLDINGS LTD ADR — 19 holdings in total. The full list, with each stock measured against the group, is part of Zensei Premium.

What quadrant is data center & digital infrastructure in right now?

As of the latest daily data, data center & digital infrastructure is in the Underperformers quadrant — trailing the S&P 500 on both windows. The quadrant rules are documented on the Zensei methodology page.

Related sectors

Track data center & digital infrastructure against the whole market

Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.