Sugar vs the S&P 500 (CANE): is it outperforming?
Over the past month, CANE has outperformed the S&P 500 by 2.3 points. Here is where that puts it in the market rotation — updated daily.
Where CANE sits on the rotation map
Sugar 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.
CANE vs SPY: head-to-head returns
CANE (sugar) and SPY (the S&P 500) side by side over every window Zensei tracks. The spread is the difference — positive means CANE won that window.
Data as of 2026-07-13 · computed from daily adjusted closes · how we measure
The read
Sugar (CANE) has just turned the corner. Over the longer, time-shifted window it trailed the S&P 500 by 6.7 points, but over the past month it has moved clearly ahead of the market — a 2.3-point edge that puts it in the improving quadrant. Ranked by one-month spread, it currently stands #23 of the 115 groups Zensei tracks.
On the shorter tape, CANE's momentum is mixed: the longer intraday trend is still positive, but the recent windows have gone flat. CANE's relative-strength line is holding around its moving averages — the trend is intact but no longer extending. The longer trend remains healthier than the recent tape suggests — the kind of divergence worth rechecking in a week.
The thing to watch from here is confirmation: improving groups that hold a positive one-month spread long enough for the longer window to turn are the classic early-rotation entries — the ones that fail fall back quickly.
What's inside CANE
Top 1 of 1 tracked holdings, by portfolio weight.
Sugar vs the market — common questions
Is sugar outperforming the S&P 500?
Right now, yes: over the past month CANE has outperformed the S&P 500 by 2.3 points. This page updates daily, so the answer reflects current market data rather than a dated article.
What is CANE?
CANE is Teucrium Sugar Fund, the fund Zensei uses to measure the sugar group against the S&P 500 benchmark (SPY).
What quadrant is sugar in right now?
As of the latest daily data, sugar is in the improving quadrant — behind the market over the longer window, but ahead over the past month. The quadrant rules are documented on the Zensei methodology page.
Related sectors
Track sugar 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.