Trends and horizons: Friday, November 6, 2026

Every asset's change over 1 day to 1 year and its distance from the 5-year high, and each relative pair's monthly gap. The main table on the 2026-11-06 market moves page shows each asset's change during each calendar month; every asset's trailing 90-day change is on all assets, raw 90-day values.

Horizon table

Change since the close on or before the same date 1 week, 1/3/6 months and 1 year earlier. Prices in %, yields and spreads in basis points (bp). 5y DD is the distance from the 5-year high. 3 series carry an "as of" date because their latest print is older than the 2026-11-06 close. Select a column heading to sort within each group.

Horizon
Asset changes by horizon, grouped by asset class
AssetLast
Us Equity
S&P 500 (SPY)735.29+0.31%−2.7%−5.6%−4.1%+0.7%+10.9%−5.6%
Nasdaq 100 (QQQ)656.10+1.40%−5.0%−13.6%−8.1%−5.5%+7.8%−13.6%
Dividend (SCHD)35.17−0.71%−1.7%+7.1%+5.2%+12.9%+37.2%−2.9%
Dow (DIA ETF)512.22−0.40%−0.9%−0.4%−4.5%+3.4%+10.7%−5.3%
Russell 2000 (IWM ETF)273.67+0.99%−2.0%−2.7%−8.0%−4.1%+15.0%−10.1%
Sectors
Tech (XLK)164.74+1.45%−8.2%−18.4%−11.0%−2.9%+14.5%−18.4%
Health care (XLV)184.80−0.06%0.0%+10.6%+12.8%+28.1%+28.7%−2.6%
Financials (XLF)57.16−0.59%+1.2%+5.8%−0.8%+11.0%+10.8%−3.4%
Energy (XLE)61.62−0.02%−12.0%−3.3%+6.6%+9.5%+43.6%−12.0%
Staples (XLP)90.08−1.28%+0.7%+10.1%+6.5%+8.4%+22.4%−2.0%
Discretionary (XLY)117.58−0.05%+1.9%+5.2%−0.2%−1.5%+0.7%−5.0%
Utilities (XLU)43.13−0.39%−0.7%+4.8%+0.2%−4.3%+0.3%−7.8%
Materials (XLB)51.95−0.73%−1.5%+4.5%0.0%0.0%+24.7%−3.6%
Real estate (XLRE)44.00−0.68%+1.9%+7.1%−1.0%0.0%+11.8%−3.6%
Communication (XLC)104.79+0.43%+4.9%−6.1%−5.4%−10.2%−5.6%−11.9%
Industrials (XLI)162.67+0.12%−2.8%−5.2%−11.7%−7.6%+7.8%−12.5%
Themes
Semiconductors (SMH)463.96+3.62%−11.2%−26.6%−18.8%−15.6%+32.6%−30.6%
Software (IGV)98.88−0.13%−5.2%−11.0%−0.5%+12.6%−9.5%−16.0%
AI leaders basket (6 stocks, equal weight)7,469.20+0.63%−1.4%−13.2%−10.0%−7.4%+3.3%−13.2%
Equal-weight S&P 500 (RSP)216.05−0.38%−1.0%+1.8%−0.8%+6.3%+18.0%−3.3%
Value (IWD)257.45−0.36%−0.5%+2.3%+0.9%+10.5%+28.7%−3.0%
Growth (IWF)111.75+1.26%−5.0%−13.5%−9.4%−8.6%−5.0%−13.5%
Foreign
Developed ex-US (EFA)101.89−0.79%−1.4%−2.2%−5.1%−1.3%+12.2%−6.4%
Developed (VEA)67.90−0.43%−2.2%−4.5%−5.6%−3.5%+15.4%−7.8%
Emerging (EEM)59.33+2.20%−2.8%−13.1%−8.8%−11.6%+10.6%−16.7%
Emerging (VWO)55.29+1.94%−0.4%−8.8%−7.6%−8.7%+3.6%−9.8%
Japan (EWJ)88.260.00%−5.0%−11.1%−7.2%−3.2%+11.0%−11.1%
China large-cap (FXI)34.95+0.03%+5.7%+3.5%−2.8%−6.1%−11.3%−14.7%
Germany (EWG)41.58−2.74%−0.7%+0.2%−4.5%−2.4%+5.0%−6.8%
Crypto
Bitcoin (USD)75,731−0.31%−1.9%−11.5%+17.8%−7.0%−25.2%−39.3%
Ethereum (USD)2,235.37+0.03%−0.3%−17.1%+17.5%−4.9%−32.5%−53.7%
Commodity
Gold (GLD ETF)372.52−0.79%+4.7%−2.6%−4.4%−13.6%+1.8%−24.9%
Silver (SLV ETF)46.87−0.13%+5.1%−15.5%−16.1%−33.2%+7.6%−55.6%
WTI crude (front-month futures)as of 2026-11-0590.52+2.72%−11.3%+1.2%+20.3%−11.5%+51.9%−26.8%
Brent crude (front-month futures)as of 2026-11-0598.29+3.88%−14.4%−2.0%+23.7%−10.5%+54.7%−23.2%
Copper (CPER ETF)37.67+0.83%−3.4%−5.9%−7.6%+0.3%+22.2%−9.1%
Rates
US 3M bill4.19%+2 bp+3 bp−2 bp+29 bp+50 bp+26 bp–
US 2Y4.51%+5 bp−5 bp−28 bp+26 bp+64 bp+94 bp–
US 10Y4.86%+2 bp−8 bp−41 bp+17 bp+50 bp+75 bp–
US 20Y5.29%+2 bp−5 bp−39 bp+7 bp+37 bp+62 bp–
US 30Y5.26%+1 bp−5 bp−38 bp+4 bp+32 bp+57 bp–
2s10s spread+35 bp−3 bp−3 bp−13 bp−9 bp−14 bp−19 bp–
30Y mortgage (weekly, published Thursdays)7.18%n/a−6 bp−10 bp+52 bp+88 bp+101 bp–
Credit
IG corporate (LQD)104.53−0.12%+0.6%+2.7%−0.5%−1.9%−1.3%−5.0%
High yield (HYG)77.23−0.06%+0.3%+0.5%−1.3%−0.8%+2.1%−1.9%
EM dollar debt (EMB)91.960.00%+0.3%+1.6%−1.8%−1.9%+0.9%−2.9%
Alts
Managed futures (CTA)26.77+0.15%−10.6%−7.1%+4.1%−10.7%+5.2%n/a
FX / Vol
Dollar (UUP ETF)new 5y high29.13+0.73%+0.4%+0.8%+3.3%+6.5%+6.9%0.0%
USD/JPY158.45+0.50%+0.6%+0.2%0.0%+1.3%+3.5%−3.3%
USD/MXN18.6070−0.72%−0.9%+3.5%+8.1%+7.8%+0.2%−15.0%
VIX (Cboe)25.64−9.01%+32.0%+70.8%+69.2%+47.4%+31.5%−51.0%
Stress
TIPS (TIP)106.27+0.01%−0.2%+2.2%−0.4%−1.5%−0.1%−1.7%
Long zero-coupon (ZROZ)59.04+0.17%+1.1%+11.4%+1.6%−4.0%−9.2%−56.2%
T-bill ETF (SGOV)new 5y high100.49+0.04%+0.1%+0.4%+1.0%+1.9%+3.8%0.0%
Commodities (DBC)31.54+0.22%−6.2%−3.5%+9.3%+4.4%+42.6%−7.5%
KRE/SPY ratio0.0982−0.46%+3.0%+9.2%−1.0%+2.6%+10.8%−39.3%
SOFR (NY Fed, published next day)as of 2026-11-053.92%−2 bp−2 bp+3 bp+28 bp+30 bp+1 bp–

Relative pairs: monthly gap

The difference of the two legs' calendar-month changes, in percentage points (first leg minus second; equal-weight legs), for the month to date and the 12 completed months. A month-end on a weekend or holiday uses the close before it. Positive gaps carry a + sign (the first leg ahead), negative gaps a − sign. Cells carry no suffix.

Relative pairs: monthly gap in pp
PairNov MTDOctSepAugJulJunMayAprMarFebJanDecNov 25
AI leaders basket vs S&P 500 (SPY)+1.3−7.9+4.1−1.2+7.0−9.6−0.4+10.7−0.1−7.1−0.1−2.0−0.2
Semiconductors (SMH) vs S&P 500 (SPY)−8.5−13.3+9.7+0.3−17.6+10.5+12.9+21.7−0.7+1.6+10.6+2.5−3.2
Tech (XLK) vs defensives (XLP, XLV, XLU)−8.2−18.6+8.8+6.3−8.8−3.6+21.2+18.5+2.5−10.8−3.0+3.4−9.8
Cyclicals (XLY, XLF, XLI, XLB) vs defensives (XLP, XLV, XLU)−0.3−5.2−2.5+0.9−0.5−1.3+1.4+4.8+0.4−5.2+0.7+4.5−4.1
Equal-weight (RSP) vs cap-weight S&P 500 (SPY)+1.7+5.9−4.5−0.6+1.0+3.3−2.6−4.5−1.0+4.3+1.9+0.3+1.7
Small caps (IWM) vs S&P 500 (SPY)+0.7+1.4−4.9−1.7−3.1+4.7−0.8+1.60.0+1.5+4.0−0.8+0.8
Value (IWD) vs growth (IWF)+4.5+10.4−5.3−1.7+8.6+5.0−4.3−3.7+0.3+6.0+6.1+1.2+4.5
S&P 500 (SPY) vs developed ex-US (EFA)−1.3−0.4+3.0+0.9−1.6−1.7+2.8+5.2+2.9−5.5−3.4−2.6−0.5
Emerging (EEM) vs S&P 500 (SPY)−0.1−7.70.0+1.9−6.3+1.3+1.9+2.2−4.3+6.8+6.6+2.1−2.0
High yield (HYG) vs IG corporate (LQD)−0.4−1.8+0.7+0.5+2.10.0−0.4+1.2+1.1−1.4+0.3+1.2−0.2
Regional banks (KRE) vs S&P 500 (SPY)+3.0+4.6−4.7−6.0+1.6+9.2−5.6−3.3+3.1−2.1+4.7+3.5+4.8
Copper (CPER) vs gold (GLD)−8.1+4.6+6.2−8.8+4.0+8.8+7.9+7.6+4.4−7.5−8.1+6.1−3.0
Energy stocks (XLE) vs WTI crude+1.1−1.3−8.7+6.1−9.7+15.5+11.2−6.3−41.0+6.8+0.6+1.6+6.6
Discretionary (XLY) vs staples (XLP)+1.2−4.9−1.9+0.5−3.4−3.7+3.8+5.8+1.9−11.3−6.0+2.5−5.5
Dividend (SCHD) vs Nasdaq 100 (QQQ)+3.3+16.7−9.3+0.1+12.1−1.5−9.2−11.2+2.2+8.9+7.5+1.1+4.7
Nasdaq 100 (QQQ) vs S&P 500 (SPY)−2.3−5.8+3.6+1.5−6.6+0.9+5.3+5.2+0.1−1.5−0.2−0.7−1.8
Dow (DIA) vs Nasdaq 100 (QQQ)+4.0+8.4−7.4−2.7+7.0+2.7−7.7−8.4−0.4+2.6+0.6+1.6+2.0
Russell 2000 (IWM) vs Nasdaq 100 (QQQ)+3.0+7.2−8.5−3.2+3.5+3.8−6.1−3.6−0.1+3.0+4.20.0+2.6
Gold (GLD) vs S&P 500 (SPY)+7.4−5.7−6.4+7.2+0.8−10.7−6.8−12.0−6.1+9.6+10.8+2.1+5.2
Bitcoin vs S&P 500 (SPY)+0.5−6.4+6.7+22.4+7.3−19.4−8.8+1.3+6.8−14.0−11.6−3.3−17.7
Bitcoin vs gold (GLD)−6.9−0.8+13.1+15.1+6.5−8.8−2.0+13.4+12.9−23.6−22.4−5.4−22.9
Ethereum vs bitcoin+1.4−8.7+2.4+7.6+11.2−1.2−7.6−4.6+5.2−4.9−7.3+2.3−4.7
Silver (SLV) vs gold (GLD)+0.4−11.6−2.6+4.9−2.9−10.1+4.0−0.6−8.8+3.9+4.8+23.6+11.0
High yield (HYG) vs IG corporate (LQD)−0.4−1.8+0.7+0.5+2.10.0−0.4+1.2+1.1−1.4+0.3+1.2−0.2
Emerging (EEM) vs developed ex-US (EFA)−1.4−8.1+3.0+2.8−8.0−0.5+4.8+7.3−1.4+1.3+3.1−0.5−2.5

Not investment advice. MarketMoves describes past market data and reported news for general information. Figures can be delayed or wrong; check the original source before relying on them.