Sugar vs the S&P 500 (CANE): is it outperforming?
Over the past month, CANE has outperformed the S&P 500 by 13.3 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 2026-08-28 · computed from daily adjusted closes · how we measure
The read
Sugar (CANE) sits in the Outperformers quadrant of the rotation map: it has decisively beaten the S&P 500 by 13.3 points over the past month, on top of a 1.9-point advantage over the longer, time-shifted window. Ranked by one-month spread, it currently stands #9 of the 115 groups Zensei tracks — inside the top tier of the market.
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 durability: outperformers that hold their one-month spread while the longer window keeps building tend to stay out front; a fading spread is the early exit signal.
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 13.3 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 Outperformers quadrant — outperforming the S&P 500 on both the recent and the longer, time-shifted window. 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.