Schwab Center for Financial Research, S&P Dow Jones Indices, as of 5/5/2025.

Sectors are ranked as positive (+), neutral (N) or negative (—) for each of the five factors based on the sector's relative ranking (from 1-11) in each factor: 1-3 is positive, 4-8 is neutral, and 9-11 is negative. See Important Disclosures for an explanation of the Value, Growth, Quality, Sentiment and Stability factors and their inputs. The Schwab Center for Financial Research reserves the right to override the Schwab Sector Views Model; see "Sector Views Process" below for an explanation of how SCFR determines its ratings.