Sea to Sky Cargo vs the S&P 500 (SEA): is it outperforming?
Over the past month, SEA has underperformed the S&P 500 by 2.8 points. Here is where that puts it in the sector rotation — updated daily.
Where SEA sits on the rotation map
Sea to Sky Cargo 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.
SEA vs SPY: head-to-head returns
SEA (sea to sky cargo) and SPY (the S&P 500) side by side over every window Zensei tracks. The spread is the difference — positive means SEA won that window.
Data as of 2026-07-13 · computed from daily adjusted closes · how we measure
The read
Sea to Sky Cargo (SEA) is out of favor: it trails the S&P 500 on both rotation windows — 2.8 points behind over the past month and 6.7 points behind over the longer, time-shifted window. That is the lagging quadrant. Ranked by one-month spread, it currently stands #69 of the 115 groups Zensei tracks.
On the shorter tape, SEA's momentum reads strong: the recent hourly trend is positive across every lookback Zensei measures. SEA's relative-strength line — its price ratio against the S&P 500 — is trading above its moving averages, the healthiest configuration we track. The two signals agree — the short-term tape and the longer trend point the same way.
The exposure comes via U.S. Global Sea to Sky Cargo ETF, whose 12 tracked holdings are led by INTERNATIONAL SEAWAYS INC, DHT HOLDINGS INC and GLOBAL SHIP LEASE INC CLASS A. Weighted by portfolio, the fund's holdings trade at roughly 10.8× earnings and 2.3× sales. The thing to watch from here is the one-month spread: laggards only become interesting when the recent window turns positive first — until then, the market is voting elsewhere.
What's inside SEA
Top 5 of 12 tracked holdings, by portfolio weight.
Sea to Sky Cargo vs the market — common questions
Is sea to sky cargo outperforming the S&P 500?
Right now, no: over the past month SEA has underperformed the S&P 500 by 2.8 points. This page updates daily, so the answer reflects current market data rather than a dated article.
What is SEA?
SEA is U.S. Global Sea to Sky Cargo ETF, the fund Zensei uses to measure the sea to sky cargo group against the S&P 500 benchmark (SPY).
Which stocks are in SEA?
SEA's largest tracked positions are INTERNATIONAL SEAWAYS INC, DHT HOLDINGS INC, GLOBAL SHIP LEASE INC CLASS A, SCORPIO TANKERS INC, TEEKAY CORP LTD — 12 holdings in total. The full list, with each stock measured against the group, is part of Zensei Premium.
What quadrant is sea to sky cargo in right now?
As of the latest daily data, sea to sky cargo is in the lagging quadrant — trailing the S&P 500 on both windows. The quadrant rules are documented on the Zensei methodology page.
Related sectors
Track sea to sky cargo 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.