Year-to-date performance snapshot reveals a clear market divergence across equity sectors. Financials ($XLF), communication services ($XLC), and US large-cap growth ($IWF) are treading water with losses, while value and cyclical plays are decisively outperforming.

The winners tell an interesting story: energy ($XLE) and materials ($XME) lead the charge, joined by construction ($ITB), small-cap ($IWM), mid-cap ($MDY), and various value-focused vehicles. International exposure through $VEU and commodities-linked plays like $GDX and semiconductors ($SMH) round out the winners' circle.

This divergence suggests a market rotation away from growth narratives toward sectors with tangible earnings power and commodity exposure. Worth monitoring whether this remains a tactical shift or signals a longer-term rebalancing in investor preferences.