Schwab Center for Financial Research, as of 5/5/2025.

The ratings Outperform, Marketperform, and Underperform reflect SCFR's opinions about the likelihood that the sector will perform better (outperform), about the same (marketperform), or worse (underperform) than the broader S&P 500^®index during the next six to 12 months. Asterisks (*) mean that SCFR overrode the factor model in determining the rating. Sectors are based on the Global Industry Classification Standard (GICS®), an industry analysis framework developed by MSCI and S&P Dow Jones Indices to provide investors with consistent industry definitions. Sectors are listed in the above chart in order of their performance in five factors that are shown in the chart below. The information here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. Investing involves risk, including loss of principal.