Transportation vs the S&P 500 (IYT): is it outperforming?
Over the past month, IYT has outperformed the S&P 500 by 0.7 points. Here is where that puts it in the sector rotation — updated daily.
Where IYT sits on the rotation map
Transportation 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.
IYT vs SPY: head-to-head returns
IYT (transportation) and SPY (the S&P 500) side by side over every window Zensei tracks. The spread is the difference — positive means IYT won that window.
Data as of 2026-07-13 · computed from daily adjusted closes · how we measure
The read
Transportation (IYT) sits in the leading quadrant of the rotation map: it has narrowly beaten the S&P 500 by 0.7 points over the past month, on top of a 3.0-point advantage over the longer, time-shifted window. Ranked by one-month spread, it currently stands #36 of the 115 groups Zensei tracks.
On the shorter tape, IYT's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. IYT's relative-strength line has dropped below its moving averages — the outperformance trend is fading. Both signals point the same direction here: the market is not rewarding this group on either horizon.
The exposure comes via iShares U.S. Transportation ETF, whose 43 tracked holdings are led by UNION PACIFIC CORP, UBER TECHNOLOGIES INC and CSX CORP. Weighted by portfolio, the fund's holdings trade at roughly 34.5× earnings and 4.1× sales. The thing to watch from here is durability: leaders that hold their one-month spread while the longer window keeps building tend to stay leaders; a fading spread is the early exit signal.
What's inside IYT
Top 5 of 43 tracked holdings, by portfolio weight.
Transportation vs the market — common questions
Is transportation outperforming the S&P 500?
Right now, yes: over the past month IYT has outperformed the S&P 500 by 0.7 points. This page updates daily, so the answer reflects current market data rather than a dated article.
What is IYT?
IYT is iShares U.S. Transportation ETF, the fund Zensei uses to measure the transportation group against the S&P 500 benchmark (SPY).
Which stocks are in IYT?
IYT's largest tracked positions are UNION PACIFIC CORP, UBER TECHNOLOGIES INC, CSX CORP, UNITED PARCEL SERVICE INC CLASS B, UNITED AIRLINES HOLDINGS INC — 43 holdings in total. The full list, with each stock measured against the group, is part of Zensei Premium.
What quadrant is transportation in right now?
As of the latest daily data, transportation is in the leading 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 transportation 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.