Tools
Sector rotation
As the top-3 rotation, but a slot goes to cash when that sector's return over months t-12 to t-1 is below cash's. It holds 33% Metal, 33% Healthcare, 33% Auto since May 2026. From Apr 2005 it returned 10.3% a year after tax, against 13.3% for its benchmark; its worst fall was −54%.
What it holds now
Target since May 2026: 33% Metal, 33% Healthcare, 33% Auto. If the month ended today it would hold 33% Metal, 33% Healthcare, 33% cash.
The numbers behind the decision in force, taken 30 Sept 2026. Cash returned 5.0% over the same months.
| Return, months t−12 to t−1 | |
|---|---|
| Nifty Metal | 32.7% |
| Nifty Healthcare | 20.4% |
| Nifty Auto | 9.8% |
| Nifty Consumer Durables | 9.3% |
| Nifty Chemicals | 5.6% |
| Nifty Realty | 4.7% |
| Nifty Financial Services | 2.0% |
| Nifty Media | 1.5% |
| Nifty Oil & Gas | −0.9% |
| Nifty IT | −5.3% |
| Nifty Cement | −13.4% |
| Nifty FMCG | −15.1% |
If the month ended today (6 Oct 2026), these numbers would make it hold 33% Metal, 33% Healthcare, 33% cash. Cash: 5.0%.
| Return, months t−12 to t−1 | |
|---|---|
| Nifty Metal | 21.5% |
| Nifty Healthcare | 10.4% |
| Nifty Media | 3.4% |
| Nifty Auto | −0.9% |
| Nifty Chemicals | −2.3% |
| Nifty Consumer Durables | −4.8% |
| Nifty Financial Services | −8.4% |
| Nifty Realty | −10.2% |
| Nifty Oil & Gas | −10.8% |
| Nifty Cement | −17.9% |
| Nifty FMCG | −20.1% |
| Nifty IT | −21.3% |
Its record
Growth of one rupee after costs, before tax, on a log scale, beside its benchmark: equal weight across the same eligible sectors, rebalanced each month. The benchmark holds the assets the rule chooses from but never switches, so the gap is what the rule's timing added or cost. The marks show when the rule was published and when it entered this library; only the stretch after the second mark is free of hindsight. Deciding on a different day of the month would have changed its return before tax from 9.8% to 14.1% a year.
Sector rotation: growth of one rupee
How to read it. Log scale, so equal slopes are equal returns.
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Sector rotation: fall from its previous peak
How to read it. How far each was below its own previous high, weekly. The model's worst fall was −54%, against −66% for its benchmark, on daily closes; the weekly line can look a little shallower.
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Apr 2005 to Oct 2026. Percentages except the Sharpe ratio, turnover and tax cost. Deflated Sharpe ratio against the benchmark: 0.00 (0.95 is the usual bar), counting every rule tried.
| This model | Benchmark | |
|---|---|---|
| Return a year, before tax | 11.6 | 13.8 |
| Return a year, after tax | 10.3 | 13.3 |
| Volatility | 21.4 | 22.8 |
| Worst fall | −54.4 | −66.4 |
| Sharpe ratio | 0.3 | – |
| Average share in equity | 92.8 | – |
| Turnover a year | 3.0 | – |
| Tax cost, points a year | 1.3 | – |
The live log starts on the entry date.
| Period | Dates | Total return | A year | More |
|---|---|---|---|---|
| Before the rule was published | Apr 2005 to Dec 2012 | 200.5% | 15.3% | |
| Published, before it entered this library | Dec 2012 to Oct 2026 | 251.1% | 9.6% | |
| Since it entered this library (live) | – | – | – |
As an index: Tipsheet Sector Rotation
The same rule published as an index: total return, before any fund cost, trading cost or tax, set to 1,000 at the end of 2006 like every Tipsheet index. Its launch date is 8 Oct 2026, when the rule entered this library; the lighter line before it is back-calculated. Tipsheet indices are reference series for research only: not official indices, not investable, and not advice.
Tipsheet Sector Rotation, 1,000 at the end of 2006
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What it held
The share of the model in each asset at every month-end.
Sector rotation: holdings at each month-end
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The rule
As the top-3 rotation, but a slot goes to cash when that sector's return over months t-12 to t-1 is below cash's.
Jegadeesh and Titman (1993); absolute filter after Antonacci (2012). Rule published 2012; entered this library 8 Oct 2026.
The workings
Data
Every chart has a table view, a CSV download and a link to its published JSON. Bundles are listed in data status.