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Industries

We break the market down into 139 distinct industries via a bespoke industry classification system. Rather than relying on overly broad or inconsistent groupings, every industry in our platform is carefully curated to reflect real-world business models, trading behavior, and market relevance. Each industry contains a minimum of three publicly traded companies, ensuring that every group is robust enough for meaningful analysis and comparison. These industries are not generic categories — they are purpose-built to help drill deeper, spot relative strength, and understand where capital is actually flowing within each sector.

Advertising Agencies

Companies that design, plan, and execute advertising campaigns across traditional and digital media. Omnicom Group Inc. (OMC) is one of the largest global advertising holding companies, offering media planning, branding, and digital marketing services. As brands shifted spending to digital and omnichannel strategies, agencies like Omnicom evolved to provide integrated marketing solutions. This group captures firms at the core of global brand messaging and campaign execution.

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Aerospace & Defense

Firms involved in the design and manufacture of aircraft, satellites, and defense systems. The Boeing Company (BA) is a dominant player in commercial jet manufacturing and a major U.S. defense contractor. After weathering 737 MAX issues and pandemic-driven demand shocks, Boeing remains central to global aviation and defense infrastructure. This industry encompasses companies driving air travel, military readiness, and space exploration.

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Agricultural - Machinery

Companies producing equipment essential to large-scale farming and agriculture. Caterpillar Inc. (CAT) manufactures tractors, harvesters, and other heavy machinery used in agricultural operations. Its global reach and advanced equipment offerings make it a bellwether for agricultural capital spending. These firms support the physical backbone of modern farming.

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Agricultural Farm Products

Firms engaged in processing and distributing crops, grains, and food commodities. Archer-Daniels-Midland Co. (ADM) is a global agricultural powerhouse, handling everything from grain trading to food ingredient processing. With a vast global logistics network, ADM plays a pivotal role in the farm-to-table supply chain. This industry reflects the core of agricultural trade and food distribution.

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Agricultural Inputs

Companies providing seeds, fertilizers, and chemicals that enhance crop yields. CF Industries Holdings Inc. (CF) is a leading producer of nitrogen fertilizers, vital for industrial-scale farming. Demand for high-yield inputs remains strong as global food demand rises and arable land becomes more limited. These companies are essential to the productivity of modern agriculture.

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Airlines Airports & Air Services

Companies operating airlines and airport services. United Airlines Holdings Inc. (UAL) is a major U.S. carrier with domestic and international routes. After recovering from pandemic lows, United and its peers are investing in fleet upgrades, digital ticketing, and sustainability efforts. This group captures firms enabling global air travel and logistics.

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Aluminum

Producers and refiners of aluminum, a key industrial metal used in everything from aerospace to packaging. Alcoa Corporation (AA) is a major global aluminum producer, supplying raw and value-added aluminum products. Demand is tied to industrial production and infrastructure trends. These companies are critical suppliers in global manufacturing.

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Apparel - Footwear & Accessories

Companies designing and selling athletic and lifestyle footwear and accessories. NIKE Inc. (NKE) dominates this space with a globally recognized brand, direct-to-consumer growth, and innovation in performance footwear. As athleisure and online retail expanded, Nike leaned into digital channels and product innovation. This industry reflects brands that sit at the intersection of fashion, sports, and culture.

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Apparel - Manufacturers

Firms that design and manufacture branded apparel for wholesale and retail. Ralph Lauren Corporation (RL) is a leading lifestyle brand, known for premium apparel spanning casualwear to formal. With an emphasis on brand heritage and global expansion, RL represents manufacturers focused on quality and global reach. This group includes companies blending design and manufacturing in the apparel value chain.

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Apparel - Retail

Retailers selling clothing and fashion directly to consumers. Lululemon Athletica Inc. (LULU) built a premium brand around activewear and lifestyle apparel, thriving through both physical stores and e-commerce. Its community-focused marketing and loyal customer base set it apart in a crowded market. These companies are at the consumer-facing end of the fashion pipeline.

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Asset Management

Firms that manage investment portfolios on behalf of individuals, institutions, and governments. BlackRock Inc. (BLK) is the world’s largest asset manager, overseeing trillions in assets across mutual funds, ETFs, and institutional strategies. With the growth of passive investing and global capital flows, BlackRock plays a pivotal role in shaping financial markets. This industry includes companies central to capital allocation and portfolio management.

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Asset Management - Global

Investment firms with a diversified global reach and focus on alternative assets. Apollo Global Management Inc. (APO) is a leading alternative investment manager, focused on private equity, credit, and real assets. As institutional investors seek returns beyond traditional stocks and bonds, firms like Apollo grow by offering complex, high-yield strategies. This group represents firms with global exposure and a focus on private markets.

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Asset Management - Income

Specialized funds and firms focused on generating yield and income through credit and structured investments. Eagle Point Income Company Inc. (EIC) invests primarily in collateralized loan obligations (CLOs) and other income-generating credit instruments. This industry includes firms that prioritize consistent cash flow and high-yield opportunities for investors seeking income-focused strategies.

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Auto - Dealerships

Companies operating wholesale and retail networks for new and used vehicles. Copart Inc. (CPRT) specializes in online vehicle auctions, primarily for salvage and used cars, serving insurers, dealers, and buyers globally. As the used car market expands and digital platforms grow in importance, Copart reflects how dealerships are evolving in the digital era. This industry captures businesses connecting vehicles with buyers.

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Auto - Manufacturers

Firms designing and producing vehicles for global transportation markets. Tesla Inc. (TSLA) has redefined the automotive industry through electric vehicle (EV) innovation, autonomous driving development, and vertically integrated manufacturing. As EV adoption rises and software becomes central to mobility, Tesla exemplifies the future-facing edge of auto manufacturing. This group represents automakers shaping how the world moves.

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Auto - Parts

Suppliers producing essential systems and components for vehicle production and functionality. Aptiv PLC (APTV) provides advanced electrical systems and software for vehicles, including ADAS (advanced driver-assistance systems) and EV platforms. As vehicles become smarter and more electrified, parts manufacturers like Aptiv are crucial to innovation and safety. This industry includes firms supplying the brains and wiring behind modern cars.

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Auto - Recreational Vehicles

Manufacturers of recreational vehicles (RVs), off-road vehicles, and powersports equipment. Polaris Inc. (PII) produces snowmobiles, ATVs, and motorcycles, tapping into outdoor recreation trends. With strong demand from adventure-seeking consumers and utility use in rural areas, Polaris is a leader in this niche of auto manufacturing. This group represents lifestyle-driven and utility-focused vehicle companies.

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Banks - Diversified

Large banking institutions offering a broad mix of services, including lending, wealth management, and investment banking. JPMorgan Chase & Co. (JPM) is the largest U.S. bank by assets, with global operations in retail banking, asset management, and trading. As a financial bellwether, JPMorgan reflects the health of the broader banking system. This industry includes systemically important banks with expansive reach.

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Banks - Regional

Mid-sized banks focused on specific regions, offering consumer and business banking services. U.S. Bancorp (USB) is a leading regional bank, providing loans, deposits, and payment services across the Midwest and West. With strong balance sheets and local presence, regional banks like USB play a vital role in community lending and small business finance. This group highlights banks rooted in regional economies.

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Beverages - Alcoholic

Producers and marketers of beer, wine, and spirits. Anheuser-Busch InBev SA/NV (BUD) is one of the world’s largest brewers, with brands like Budweiser, Stella Artois, and Corona. With global scale and distribution, BUD navigates trends in premiumization, health-conscious alternatives, and shifting consumer tastes. This industry includes companies crafting the world’s most recognized alcoholic beverages.

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Beverages - Non-Alcoholic

Companies producing and distributing soft drinks, juices, and other non-alcoholic beverages. The Coca-Cola Company (KO) is a global leader in beverage brands, with products ranging from classic sodas to zero-sugar and hydration offerings. With a vast distribution network and focus on brand equity, Coca-Cola remains a staple in consumer portfolios. This group captures the giants behind the world’s most consumed non-alcoholic drinks.

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Beverages - Wineries & Distilleries

Producers of premium wine, spirits, and ready-to-drink cocktails. Constellation Brands Inc. (STZ) owns a portfolio of high-end wine and spirit labels, including premium tequila and imported beers. With a focus on premiumization and shifting consumer tastes, STZ has navigated evolving alcohol trends and channels. This industry includes firms crafting the spirits and fine wines behind modern social culture.

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Biotechnology

Companies developing novel therapies and treatments using biological science and innovation. Vertex Pharmaceuticals Inc. (VRTX) focuses on breakthrough treatments for cystic fibrosis and genetic diseases, showcasing biotech’s potential to target root causes of illness. With drug pipelines powered by genomics and precision medicine, these companies represent the frontier of healthcare innovation.

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Broadcasting

Firms distributing television and audio content via cable, satellite, or internet platforms. fuboTV Inc. (FUBO) offers live sports streaming and entertainment through a digital-first platform, competing in the evolving OTT space. As cord-cutting reshapes how content is consumed, broadcasters like Fubo aim to capture shifting audiences with flexible, on-demand options. This industry reflects the transition from traditional TV to streaming-centric models.

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Business Equipment & Supplies

Manufacturers of office products, labeling systems, and business materials. Avery Dennison Corporation (AVY) is a global leader in labeling and packaging materials, serving logistics, apparel, and retail industries. As supply chains digitize and e-commerce expands, demand for smart labels and tracking tools grows. This group includes companies supporting everyday business operations and logistics.

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Chemicals

Large-scale producers of essential chemicals used across agriculture, manufacturing, and consumer goods. Dow Inc. (DOW) manufactures plastics, coatings, and industrial chemicals foundational to modern production. As commodity prices shift and sustainability becomes key, Dow reflects the broader challenges and opportunities in industrial materials. This industry includes the base chemical producers behind everything from packaging to paints.

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Chemicals - Specialty

Firms producing high-performance chemicals used in healthcare, clean energy, and industrial applications. Linde plc (LIN) is the world’s largest industrial gas company, supplying oxygen, hydrogen, and other gases used in electronics, healthcare, and energy. With a growing focus on clean hydrogen and industrial efficiency, Linde plays a pivotal role in enabling cleaner and more precise manufacturing. This industry reflects the specialized edge of the chemical world.

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Coal

Companies engaged in coal mining and production for power generation and industrial use. Core Natural Resources Inc. (CNR) supplies metallurgical and thermal coal used in steelmaking and electricity. Despite the global shift toward renewables, coal remains essential in certain industrial processes and regions. This group includes firms extracting a legacy energy resource still critical to parts of the global economy.

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Communication Equipment

Manufacturers of routers, switches, and networking gear enabling global data transmission. Cisco Systems Inc. (CSCO) provides enterprise networking hardware, cybersecurity tools, and cloud-based communications. As companies modernize IT infrastructure and adopt hybrid work models, Cisco remains core to connectivity. This group includes firms building the digital backbone of modern business.

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Computer Hardware

Producers of servers, components, and systems powering computing at all scales. Super Micro Computer Inc. (SMCI) designs high-performance servers optimized for AI and data center workloads. With demand rising from generative AI and cloud computing, SMCI exemplifies hardware innovation at the edge of performance. This group represents the firms powering the modern compute layer.

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Conglomerates

Diversified companies operating across multiple industries and markets. Honeywell International Inc. (HON) spans aerospace, industrial automation, and building technologies, reflecting a blend of innovation and scale. With a focus on energy efficiency, safety, and digital transformation, Honeywell exemplifies how conglomerates adapt to long-term macro trends. This group includes complex, multi-line businesses with broad industrial footprints.

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Construction

Firms involved in commercial and residential building, HVAC systems, and infrastructure projects. Trane Technologies plc (TT) specializes in climate control systems, including HVAC and refrigeration, supporting energy-efficient buildings. As demand grows for sustainable infrastructure, companies like Trane are central to next-generation construction solutions. This industry covers the businesses enabling how we build and maintain modern spaces.

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Construction Materials

Suppliers of materials like cement, aggregates, and asphalt used in construction and infrastructure. CRH plc (CRH) is a global leader in building materials, serving both residential and commercial markets. With infrastructure spending on the rise worldwide, CRH benefits from long-term public and private construction cycles. This group includes the foundational suppliers of global development projects.

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Consulting Services

Advisory firms providing strategy, technology, and defense consulting to government and business clients. Booz Allen Hamilton Holding Corp. (BAH) is a key consulting partner to the U.S. government, offering services in cybersecurity, analytics, and national security. As digital transformation accelerates in public and private sectors, firms like Booz Allen play a crucial enabling role. This group represents specialized expertise in high-stakes decision-making.

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Consumer Electronics

Companies designing and selling personal technology and entertainment devices. Apple Inc. (AAPL) leads with its ecosystem of iPhones, Macs, wearables, and services, redefining how consumers interact with technology. With a focus on design, vertical integration, and brand loyalty, Apple drives innovation and consumer demand across global markets. This industry captures the convergence of hardware, software, and lifestyle.

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Copper

Producers and miners of copper, a key industrial metal used in construction, electronics, and clean energy. Freeport-McMoRan Inc. (FCX) is one of the world’s largest copper miners, operating large-scale mines across the Americas and Indonesia. As electrification and renewable energy expand, copper demand continues to grow, positioning FCX as a critical supplier. This group includes companies at the core of the energy transition and global development.

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Department Stores

Retail chains offering a wide range of products from clothing to home goods, typically in large store formats. Kohl's Corporation (KSS) operates department stores across the U.S., blending national brands with private labels. As the retail landscape shifts toward omnichannel strategies, Kohl's focuses on partnerships, digital engagement, and curated assortments. This industry reflects legacy retail adapting to new consumer behaviors.

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Discount Stores

Retailers offering a wide selection of goods at lower prices, often through bulk purchasing and membership models. Costco Wholesale Corporation (COST) is a leader in warehouse club retail, known for its loyal membership base and efficient operations. Costco thrives on value, private-label strength, and recurring revenue from memberships. This industry includes high-volume retailers reshaping price-conscious shopping.

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Diversified Utilities

Utility companies operating across electric, gas, and renewable segments. Sempra (SRE) provides electricity and natural gas to millions across California, Texas, and Mexico, with growing investments in infrastructure and sustainability. As grids modernize and emissions targets rise, diversified utilities like Sempra play a central role. This group includes firms delivering essential services with evolving energy mixes.

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Drug Manufacturers - General

Pharmaceutical companies developing and producing widely-used medications for chronic and acute conditions. Eli Lilly and Co. (LLY) is a pharmaceutical giant, known for its diabetes and weight-loss drugs, including blockbuster GLP-1 therapies. As global health needs evolve, Eli Lilly leads with innovation and strong commercial execution. This group includes companies creating the world’s most prescribed therapies.

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Drug Manufacturers - Specialty & Generic

Companies producing specialized medications and generic versions of branded drugs. Zoetis Inc. (ZTS) stands out in animal health, developing vaccines and treatments for pets and livestock. As veterinary care expands and livestock management modernizes, Zoetis captures a growing niche in pharmaceutical innovation. This industry includes firms producing essential but non-blockbuster therapies across human and animal health.

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Education & Training Services

Companies delivering online and offline education, certification, and skills development. Stride Inc. (LRN) provides virtual K–12 schooling and career learning programs, helping students and adults upskill in flexible formats. As demand grows for remote education and alternative credentials, Stride reflects how education is being reimagined for the digital age. This group captures firms transforming lifelong learning.

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Electrical Equipment & Parts

Producers of electrical components, power systems, and industrial automation solutions. Vertiv Holdings Co. (VRT) supplies power management and cooling systems for data centers and telecom infrastructure. With rising AI and cloud demand, Vertiv’s energy-efficient systems are essential for modern digital infrastructure. This industry includes companies powering the physical systems behind digital scale.

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Electronic Gaming & Multimedia

Firms creating and distributing video games, virtual worlds, and interactive entertainment. Roblox Corporation (RBLX) operates a user-generated gaming platform with millions of daily active users, particularly among Gen Z. As gaming evolves into social and creative experiences, Roblox illustrates the rise of immersive, creator-driven platforms. This group includes companies at the intersection of games, media, and the metaverse.

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Engineering & Construction

Companies providing engineering services, infrastructure construction, and large-scale project management. Quanta Services Inc. (PWR) specializes in energy infrastructure, including electric grids, renewables, and telecommunications. As investment flows into grid modernization and renewable transitions, Quanta plays a key execution role. This group includes companies building and upgrading critical infrastructure.

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Entertainment

Companies creating original content across streaming, film, and digital formats. Netflix Inc. (NFLX) pioneered subscription-based streaming and continues to invest heavily in global content and data-driven personalization. As media consumption becomes increasingly on-demand and mobile, Netflix is a bellwether for the new entertainment era. This industry reflects the evolution of storytelling and audience engagement.

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Financial - Capital Markets

Firms offering investment banking, trading, and wealth management services. The Goldman Sachs Group Inc. (GS) is a leading global investment bank, known for advisory, trading, and asset management services. As markets evolve and clients seek sophisticated financial solutions, Goldman remains at the center of capital flows. This group includes institutions facilitating access to capital and investment opportunities.

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Financial - Conglomerates

Diversified financial services companies offering a mix of insurance, retirement, and investment solutions. Voya Financial Inc. (VOYA) operates across retirement planning, asset management, and employee benefits. With an emphasis on financial wellness and institutional solutions, Voya represents a broad-based financial platform. This industry includes firms spanning multiple financial verticals.

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Financial - Credit Services

Firms enabling electronic payments, card networks, and credit infrastructure. Visa Inc. (V) operates the world’s largest payment network, connecting banks, merchants, and consumers across the globe. As digital commerce and contactless payments rise, Visa is a key player in the infrastructure of everyday spending. This industry includes companies facilitating secure, scalable payment systems.

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Financial - Data & Stock Exchanges

Companies providing financial data, analytics, ratings, and market infrastructure. S&P Global Inc. (SPGI) delivers credit ratings, indices, and analytics used by investors and institutions worldwide. With data becoming more central to investment strategies and regulatory needs, SPGI is critical to market transparency and decision-making. This group includes the platforms powering global finance and benchmarks.

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Financial - Mortgages

Companies involved in originating, servicing, and securitizing home loans. Rocket Companies Inc. (RKT) operates Rocket Mortgage, a leading digital mortgage platform known for streamlining the loan process with technology. As housing markets fluctuate and consumers demand speed and simplicity, Rocket drives the tech-forward evolution of home lending. This industry includes firms central to U.S. mortgage infrastructure.

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Food Confectioners

Manufacturers of chocolates, candy, biscuits, and sweet snacks. Mondelez International Inc. (MDLZ) owns globally loved brands like Oreo, Cadbury, and Toblerone, with strong positions in both emerging and developed markets. With steady demand and a focus on innovation in snacking, Mondelez reflects the strength and resilience of the sweets category. This group includes companies delighting consumers with iconic treats.

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Food Distribution

Firms supplying food and restaurant products to businesses, institutions, and retailers. Sysco Corporation (SYY) is the world’s largest foodservice distributor, serving restaurants, hospitals, schools, and hotels. With vast logistics capabilities and a broad product portfolio, Sysco is critical to the global food supply chain. This industry includes companies ensuring food moves efficiently from farm to table.

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Furnishings Fixtures & Appliances

Manufacturers of consumer home goods, from kitchen appliances to smart vacuums. SharkNinja Inc. (SN) produces innovative household appliances and cleaning devices, combining performance with sleek design. With strong brand recognition and rapid product development, SharkNinja represents the modern wave of smart home furnishings. This group includes companies enhancing how people live and work at home.

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Gambling Resorts & Casinos

Operators of gaming venues, sportsbooks, and integrated resort experiences. Flutter Entertainment plc (FLUT) owns FanDuel and other global betting platforms, blending digital and retail gambling. With online sports betting expanding in the U.S. and globally, Flutter is a key player in the new era of regulated digital wagering. This industry includes both physical casino operators and digital-first betting platforms.

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Gold

Companies engaged in gold exploration, mining, and production. Newmont Corporation (NEM) is the world’s largest gold mining company, with operations across the Americas, Africa, and Australia. As investors turn to gold for inflation hedging and geopolitical uncertainty, Newmont remains a key source of global supply. This group includes firms extracting one of the world’s most enduring stores of value.

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Grocery Stores

Retailers selling food and household staples through physical and digital channels. The Kroger Co. (KR) is one of the largest U.S. grocers, with a vast network of stores, private-label products, and growing online presence. As grocery increasingly blends in-store and delivery models, Kroger continues to modernize operations and customer experience. This group includes the backbone of daily consumer food shopping.

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Hardware Equipment & Parts

Suppliers of connectors, sensors, and components used across electronics and industrial systems. Amphenol Corporation (APH) designs and manufactures interconnect systems used in everything from mobile phones to military equipment. As devices become smarter and more connected, Amphenol’s high-performance components are in rising demand. This group supports the hardware infrastructure behind modern electronics.

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Home Improvement

Retailers selling tools, appliances, and building materials for homeowners and contractors. The Home Depot Inc. (HD) is the largest home improvement retailer in the U.S., serving both DIYers and pros with a wide product range and strong supply chain. As homeowners invest in renovations and housing stock ages, Home Depot remains a cornerstone of the industry. This group includes companies powering upgrades, repairs, and renovations.

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Household & Personal Products

Makers of cleaning products, grooming supplies, and consumer staples. The Procter & Gamble Company (PG) owns a portfolio of iconic brands across hygiene, baby care, and cleaning — including Tide, Pampers, and Gillette. With global reach and strong brand loyalty, P&G represents the gold standard in consumer staples. This group includes companies providing daily essentials for households around the world.

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Independent Power Producers

Companies generating electricity for sale to utilities or the wholesale market. Vistra Corp. (VST) operates power plants across the U.S., combining natural gas, coal, and growing renewable capacity. With deregulated markets and decarbonization trends, Vistra plays a pivotal role in balancing reliable generation with clean energy ambitions. This group includes companies producing and selling power independently of traditional utilities.

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Industrial - Distribution

Distributors of industrial tools, equipment, and supplies across construction, manufacturing, and maintenance. Ferguson plc (FERG) provides plumbing, HVAC, and industrial solutions through a vast distribution network in North America. As infrastructure spending and housing needs grow, Ferguson supports contractors with scale and expertise. This group captures firms moving industrial products to the people who build with them.

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Industrial - Infrastructure Operations

Companies operating systems and services that manage transportation, tolling, and mobility infrastructure. Verra Mobility Corp. (VRRM) provides toll and traffic enforcement technology for municipalities and fleet operators. As smart cities and digital infrastructure expand, Verra enables automation and compliance. This industry includes firms managing the operational side of modern infrastructure.

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Industrial - Machinery

Manufacturers of heavy equipment used in energy, electrical, and construction systems. Eaton Corporation plc (ETN) produces power management equipment and industrial automation solutions, helping modernize electrical grids and factories. As electrification and industrial efficiency gain momentum, Eaton plays a leading role. This group includes the hardware makers behind industrial modernization.

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Industrial - Pollution & Treatment Controls

Firms offering systems to manage water, air, and environmental quality. Veralto Corporation (VLTO) provides water quality monitoring and product traceability technologies used in food, pharma, and environmental sectors. As sustainability and compliance grow in importance, Veralto represents the analytical backbone of environmental control. This industry captures companies focused on clean, safe, and traceable systems.

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Industrial Materials

Producers of base materials used in construction, manufacturing, and infrastructure. Vale S.A. (VALE) is one of the world’s largest iron ore miners, with significant operations in nickel and copper — metals key to construction and electric vehicles. As demand for raw materials aligns with global growth and energy transitions, Vale is a core player. This group includes companies supplying the building blocks of industry.

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Information Technology Services

Providers of enterprise IT solutions, consulting, and managed services. International Business Machines Corporation (IBM) offers cloud, AI, and infrastructure services to help companies modernize and secure their technology environments. With a legacy in enterprise IT and a focus on hybrid cloud, IBM is transforming to meet evolving client needs. This group includes firms enabling digital transformation at scale.

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Insurance - Brokers

Companies that act as intermediaries between insurance providers and clients. Arthur J. Gallagher & Co. (AJG) is one of the largest insurance brokerage firms globally, offering commercial, health, and specialty insurance advisory. With rising demand for risk management and global insurance needs, AJG plays a strategic advisory role. This industry includes firms helping businesses and individuals navigate complex insurance markets.

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Insurance - Diversified

Large insurers with exposure to multiple segments including life, property, casualty, and reinsurance. Berkshire Hathaway Inc. (BRK-B) owns a broad portfolio of insurance operations, including GEICO and reinsurance businesses, alongside major investments in public companies. Known for disciplined underwriting and long-term capital allocation, Berkshire is a unique force in insurance and beyond. This group includes firms with diversified exposure across the insurance value chain.

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Insurance - Life

Companies offering life insurance, annuities, and retirement solutions. MetLife Inc. (MET) is a global provider of life insurance and employee benefits, serving individuals and institutions across the Americas, Asia, and EMEA. As populations age and retirement planning becomes more critical, MetLife supports long-term financial security. This group includes firms focused on life and legacy planning.

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Insurance - Property & Casualty

Companies providing coverage for homes, vehicles, businesses, and liability. The Progressive Corporation (PGR) is a major auto and home insurer, known for its direct-to-consumer model, usage-based pricing, and strong underwriting tech. As risk environments shift and digital channels grow, Progressive is a standout in adapting to modern insurance needs. This group includes firms protecting physical assets and liabilities.

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Insurance - Reinsurance

Firms that insure insurance companies, helping spread risk across global markets. Everest Re Group Ltd. (EG) provides property, casualty, and specialty reinsurance worldwide. As natural disasters and global risk events increase in frequency and complexity, Everest plays a critical role in the insurance ecosystem. This group supports industry resilience by backing primary insurers.

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Insurance - Specialty

Companies offering targeted insurance products for niche markets or complex risks. Assurant Inc. (AIZ) specializes in mobile device protection, renters insurance, and extended warranties. With a focus on lifestyle-driven coverage and embedded insurance models, Assurant thrives in specialized segments. This group includes firms offering highly tailored insurance solutions.

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Integrated Freight & Logistics

Global transportation and logistics companies handling delivery across air, ground, and sea. United Parcel Service Inc. (UPS) is a logistics giant, offering last-mile delivery, freight forwarding, and supply chain solutions worldwide. With e-commerce growth and supply chain complexity, UPS remains essential to global commerce. This industry includes firms optimizing the movement of goods everywhere.

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Internet Content & Information

Companies delivering social, search, and digital media experiences to consumers and advertisers. Meta Platforms Inc. (META) owns Facebook, Instagram, and WhatsApp, reaching billions globally through social networks and digital ads. With continued investment in AI and the metaverse, Meta drives both communication and monetization in the digital age. This group includes the platforms where people connect, share, and search.

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Leisure

Companies offering travel, cruise, and entertainment experiences. Carnival Corporation & plc (CCL) is a leading global cruise line operator, serving millions of passengers annually through a portfolio of brands. As leisure travel rebounds post-pandemic, Carnival reflects renewed appetite for experiences. This industry captures firms delivering escape, adventure, and recreation.

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Luxury Goods

Makers of high-end fashion, accessories, and lifestyle products. Tapestry Inc. (TPR) owns Coach, Kate Spade, and Stuart Weitzman, appealing to aspirational and affluent consumers globally. As luxury evolves toward digital and sustainable formats, Tapestry adapts through brand storytelling and omnichannel retail. This group includes companies at the intersection of design, prestige, and culture.

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Manufacturing - Metal Fabrication

Producers of specialty metal parts and alloys used in aerospace, energy, and industrials. Carpenter Technology Corporation (CRS) manufactures advanced materials, including titanium and superalloys, used in high-performance applications. With demand from aerospace and defense surging, CRS reflects the need for strength and precision. This group includes companies shaping the toughest materials.

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Manufacturing - Tools & Accessories

Companies producing power tools, hand tools, and industrial accessories. Stanley Black & Decker Inc. (SWK) owns iconic tool brands like DeWalt and Craftsman, serving professionals and consumers worldwide. As home improvement and infrastructure trends grow, Stanley remains a trusted name. This group includes companies providing the tools that build and fix the world.

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Marine Shipping

Firms operating cargo ships and container fleets across global trade routes. ZIM Integrated Shipping Services Ltd. (ZIM) is a container shipping company serving major trade lanes with innovative logistics solutions. As global trade fluctuates, ZIM adapts with dynamic pricing and chartering strategies. This group includes companies powering seaborne commerce.

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Medical - Care Facilities

Operators of hospitals, outpatient centers, and other medical care sites. HCA Healthcare Inc. (HCA) is one of the largest hospital systems in the U.S., providing inpatient and emergency care across its extensive network. As population health needs grow and care delivery shifts to integrated systems, HCA plays a foundational role. This group includes companies delivering frontline medical services.

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Medical - Devices

Producers of medical technologies and diagnostic tools used in treatment and monitoring. Abbott Laboratories (ABT) develops products ranging from glucose monitors to heart devices, with a focus on chronic disease management and rapid diagnostics. With healthcare moving toward precision and prevention, Abbott exemplifies the innovation driving this space. This group includes companies building the tools that improve patient outcomes.

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Medical - Diagnostics & Research

Firms offering laboratory testing, genetic sequencing, and life science tools. Thermo Fisher Scientific Inc. (TMO) provides instruments and services used in everything from clinical labs to biotech R&D. As personalized medicine and biotech innovation expand, Thermo Fisher is a critical enabler. This group supports the scientific backbone of modern medicine.

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Medical - Distribution

Companies distributing pharmaceuticals and medical supplies to hospitals, pharmacies, and clinics. McKesson Corporation (MCK) is a key link in the healthcare supply chain, ensuring safe and efficient delivery of drugs and equipment. As complexity grows in healthcare logistics, McKesson remains vital to system efficiency. This industry includes firms enabling scale and safety in healthcare delivery.

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Medical - Equipment & Services

Providers of specialized medical testing, diagnostic services, and healthcare equipment. Laboratory Corporation of America Holdings (LH) offers lab testing, drug development support, and diagnostics for hospitals and physicians. As demand for health data and diagnostics rises, LabCorp remains essential to care delivery. This group includes companies delivering the equipment and services behind clinical decisions.

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Medical - Healthcare Information Services

Firms offering cloud software and digital tools for clinical and regulatory workflows. Veeva Systems Inc. (VEEV) provides cloud platforms for the life sciences industry, enabling compliance, clinical trial management, and commercial operations. With digital transformation accelerating across healthcare, Veeva stands out as a vertical SaaS leader. This group includes companies organizing the data behind better healthcare.

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Medical - Healthcare Plans

Health insurance providers covering individuals, employers, and government-sponsored plans. UnitedHealth Group Incorporated (UNH) is the largest U.S. health insurer, with additional operations in healthcare services and analytics. With broad exposure across the healthcare value chain, UNH is a key player in managing cost and quality of care. This group includes companies shaping access to healthcare coverage.

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Medical - Instruments & Supplies

Makers of surgical systems, hospital tools, and minimally invasive technologies. Intuitive Surgical Inc. (ISRG) is the pioneer of robotic-assisted surgery, with its da Vinci platform widely used in hospitals around the world. As surgical precision and patient outcomes improve, Intuitive leads in next-gen procedure tech. This industry includes the precision tools enabling advanced medical procedures.

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Medical - Pharmaceuticals

Retailers and distributors of prescription drugs and wellness products. Walgreens Boots Alliance Inc. (WBA) operates pharmacies and health retail stores across the U.S. and Europe, integrating clinical services with traditional pharmacy. As drug access and front-line care evolve, Walgreens adapts with new care models and partnerships. This group includes firms delivering daily health solutions at scale.

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Oil & Gas Drilling

Companies providing offshore and onshore drilling services for oil and natural gas exploration. Transocean Ltd. (RIG) operates a fleet of deepwater drilling rigs serving global energy companies. As demand for energy security and offshore production rises, Transocean plays a key role in enabling complex exploration projects. This group includes firms extracting hydrocarbons from below the earth’s surface.

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Oil & Gas Equipment & Services

Firms providing drilling equipment, engineering, and field services to the energy sector. Schlumberger Ltd. (SLB) is a global leader in oilfield services, offering reservoir evaluation, drilling, and production solutions. As exploration and production activity fluctuates with energy demand and pricing, SLB is a core enabler of efficient oil and gas development. This group includes companies powering energy extraction behind the scenes.

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Oil & Gas Exploration & Production

Companies involved in finding and producing crude oil and natural gas. ConocoPhillips (COP) operates globally with a strong focus on shale, LNG, and conventional oil production. As the energy market balances long-term transition with short-term demand, ConocoPhillips stands out for capital discipline and production scale. This group includes firms discovering and extracting global energy supplies.

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Oil & Gas Integrated

Energy giants involved across the full value chain—from production to refining and distribution. Exxon Mobil Corporation (XOM) is one of the world’s largest integrated oil companies, with operations spanning upstream, midstream, chemicals, and refining. As the company invests in carbon capture and hydrogen, it seeks to lead in both traditional energy and transition strategies. This group includes companies built for scale, integration, and resilience.

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Oil & Gas Midstream

Companies transporting, processing, and storing oil and natural gas. Cheniere Energy Inc. (LNG) is a leading U.S. exporter of liquefied natural gas, playing a critical role in connecting U.S. energy supply with global markets. As global demand for flexible, cleaner-burning fuels grows, Cheniere helps meet that need through infrastructure and logistics. This group includes firms facilitating the flow of hydrocarbons from source to market.

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Oil & Gas Refining & Marketing

Companies focused on refining crude oil into fuels and marketing petroleum products. Phillips 66 (PSX) operates refineries, chemical plants, and fuel distribution networks across North America. As energy mix and margins evolve, PSX focuses on efficiency, integration, and future-ready fuels. This industry includes firms transforming crude oil into the products that keep economies running.

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Other Precious Metals

Miners and producers of metals like silver, palladium, and platinum. Endeavour Silver Corp. (EXK) explores and operates high-grade silver mines in Mexico, producing silver and gold as co-products. With demand from electronics, solar, and investment, these metals remain key to industrial and monetary systems. This group includes companies extracting valuable but less headline-grabbing precious metals.

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Packaged Foods

Producers of branded, shelf-stable, and frozen foods. General Mills Inc. (GIS) owns household brands like Cheerios, Betty Crocker, and Häagen-Dazs, reaching millions of pantries globally. As consumer preferences shift toward wellness and convenience, GIS adapts through innovation and brand strength. This industry includes firms creating the everyday foods that define modern meals.

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Packaging & Containers

Companies producing paper, plastic, and composite packaging for food, e-commerce, and industry. International Paper Company (IP) is a global leader in fiber-based packaging and paper, serving essential logistics and consumer goods supply chains. With sustainability becoming a competitive edge, IP focuses on circularity and innovation. This group includes firms enabling product delivery, protection, and presentation.

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Paper Lumber & Forest Products

Suppliers of wood products, paper, and engineered materials used in construction and manufacturing. UFP Industries Inc. (UFPI) offers treated lumber, composite wood products, and packaging for industrial and building uses. As homebuilding and industrial packaging trends shift, UFPI remains a flexible supplier across end markets. This group includes companies harnessing renewable materials for core industries.

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Personal Products & Services

Firms providing end-of-life services, wellness products, and personal care solutions. Service Corporation International (SCI) operates funeral homes and cemeteries across North America, offering essential and personalized memorial services. As demographics evolve and families seek trusted planning, SCI provides stability in a unique consumer segment. This group includes companies offering deeply personal and often essential services.

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Publishing

Companies producing and distributing print and digital news, magazines, and journals. The New York Times Company (NYT) is a legacy newspaper brand that has successfully transitioned to a subscription-driven digital model, with millions of paid readers globally. As traditional media adapts to digital consumption, NYT shows how high-quality content can still thrive. This group includes firms shaping public discourse through journalism and storytelling.

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REIT - Diversified

Real estate investment trusts with broad exposure across property types. VICI Properties Inc. (VICI) owns experiential real estate, including casinos and resorts such as Caesars Palace and MGM Grand. With long-term triple-net leases and tourism recovery tailwinds, VICI blends diversification with steady income. This group includes REITs that span multiple property classes for income and growth potential.

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REIT - Healthcare Facilities

REITs investing in medical office buildings, senior living, and hospitals. Welltower Inc. (WELL) is a major healthcare REIT with a portfolio spanning senior housing, outpatient care, and health systems. As demographics drive healthcare demand, Welltower offers exposure to aging trends and wellness infrastructure. This group includes companies monetizing the real estate behind healthcare delivery.

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REIT - Hotel & Motel

Trusts that own hospitality properties such as hotels, resorts, and extended stay locations. Host Hotels & Resorts Inc. (HST) owns a portfolio of upscale hotels, including Marriott and Ritz-Carlton branded locations. With travel and tourism rebounding, hotel REITs like Host are positioned to benefit from renewed demand. This group includes firms earning income from hospitality real estate.

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REIT - Industrial

REITs focused on logistics, distribution centers, and industrial facilities. Prologis Inc. (PLD) is the world’s largest industrial REIT, owning warehouses and fulfillment centers critical to e-commerce and supply chains. As demand for last-mile delivery and logistics grows, Prologis stands at the heart of digital retail infrastructure. This group includes the real estate powering the movement of goods.

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REIT - Mortgage

Trusts that invest in mortgage-backed securities and real estate loans. AGNC Investment Corp. (AGNC) is a mortgage REIT focused on agency-backed residential mortgage assets, generating income from interest spreads. These firms are sensitive to interest rate cycles and central bank policy. This group includes REITs that derive returns from debt rather than physical property.

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REIT - Office

REITs owning and managing office buildings across urban and suburban locations. Digital Realty Trust Inc. (DLR) stands out by focusing on data centers — the digital-age equivalent of traditional office space. As remote work and AI shift demand, DLR captures real estate where computing lives. This group includes evolving office strategies, from skyscrapers to server racks.

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REIT - Residential

Trusts investing in apartment buildings, multifamily housing, and single-family rentals. AvalonBay Communities Inc. (AVB) operates high-quality apartment communities in urban and suburban areas, often in high-demand coastal markets. With housing affordability driving rental demand, AvalonBay reflects the long-term appeal of residential income. This group includes firms managing homes for modern renters.

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REIT - Retail

REITs that own shopping centers, grocery-anchored strips, and standalone retail properties. Realty Income Corporation (O) is known as "The Monthly Dividend Company" and owns thousands of retail properties with stable, long-term leases. Its diversified tenant base and consistent payouts make it a REIT staple. This group includes real estate behind physical retail resilience.

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REIT - Specialty

Trusts investing in unique real estate types like data centers, towers, or infrastructure. Equinix Inc. (EQIX) is a global leader in data center REITs, hosting internet exchange hubs for the digital economy. With rising cloud usage, AI compute, and latency needs, Equinix enables the internet’s physical layer. This group captures REITs beyond traditional property—where real estate meets technology.

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Railroads

Companies operating freight and passenger rail networks. Union Pacific Corporation (UNP) is one of the largest freight railroads in North America, transporting goods across a vast network. As supply chains diversify and demand for efficient land transport grows, rail remains a critical logistics backbone. This group includes firms enabling long-distance freight across key industrial corridors.

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Real Estate - Development

Firms engaged in planning and constructing commercial and residential properties. Corporación Inmobiliaria Vesta (VTMX) develops industrial real estate in Mexico, supporting logistics and nearshoring trends. As demand rises for purpose-built infrastructure, developers like Vesta lead the way. This group includes companies creating the next wave of real estate assets.

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Real Estate - Diversified

Real estate companies operating across multiple property types outside REIT structures. Howard Hughes Holdings Inc. (HHH) focuses on master-planned communities and mixed-use properties. Blending residential, retail, and commercial real estate, it reflects the shift toward integrated living and working environments. This group includes multi-segment real estate platforms.

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Real Estate - Services

Companies offering brokerage, valuation, and property management services. CBRE Group Inc. (CBRE) is the world’s largest commercial real estate services firm, advising investors, tenants, and developers. As markets evolve, CBRE delivers data-driven insights and global reach. This group includes firms enabling transactions and operations across real estate.

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Regulated Electric

Utilities providing electricity under government-regulated pricing and service standards. NextEra Energy Inc. (NEE) leads in clean energy generation while operating one of the largest regulated electric utilities in the U.S. With a long runway for renewables and infrastructure upgrades, NextEra blends stability and innovation. This group includes the grid operators powering homes and industries.

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Regulated Gas

Utilities delivering natural gas to consumers and businesses under public oversight. NiSource Inc. (NI) provides natural gas distribution and energy services across the Midwest and Northeast. As gas remains critical for heating and transition fuels, NiSource supports reliable and affordable energy. This group includes firms delivering regulated utility services through gas networks.

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Regulated Water

Providers of clean water and wastewater treatment under public regulation. American Water Works Company Inc. (AWK) supplies water to millions across the U.S., investing in infrastructure and sustainability. As water stress and urbanization rise, AWK plays a central role in managing this essential resource. This group includes companies safeguarding public water systems.

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Renewable Utilities

Firms generating electricity from wind, solar, hydro, and other renewables. GE Vernova Inc. (GEV) focuses on energy transition technologies, including wind turbines and grid solutions spun out from GE. As governments and corporations commit to net zero, Vernova captures growth in green infrastructure. This group includes utilities built for a decarbonized future.

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Rental & Leasing Services

Companies leasing equipment, vehicles, and tools to businesses and consumers. United Rentals Inc. (URI) is the largest equipment rental company in North America, supporting construction, industrial, and infrastructure projects. With a flexible asset model, URI thrives during both expansion and cost-conscious cycles. This group includes firms monetizing access over ownership.

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Residential Construction

Builders of single-family homes, townhouses, and residential communities. D.R. Horton Inc. (DHI) is America’s largest homebuilder by volume, offering affordable to luxury homes across the country. With housing supply lagging demand, builders like Horton are critical to closing the gap. This group includes firms shaping the future of American housing.

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Restaurants

Operators of quick-service, fast casual, and full-service dining locations. Starbucks Corporation (SBUX) combines coffee, brand culture, and digital convenience to lead the global café experience. As consumers prioritize convenience and connection, Starbucks drives innovation in service and loyalty. This group includes the brands shaping global dining habits.

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Security & Protection Services

Firms providing access control, surveillance, and safety technologies. Allegion plc (ALLE) develops security products for commercial and residential buildings, including smart locks and credentialing systems. As physical and digital security converge, Allegion supports safer environments. This group includes companies securing homes, businesses, and institutions.

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Semiconductors

Designers and manufacturers of chips powering computing, AI, and electronics. NVIDIA Corporation (NVDA) leads in GPUs and AI accelerators used in data centers, autonomous vehicles, and generative AI models. As compute intensity grows, NVIDIA sits at the heart of the next technology wave. This group includes the silicon architects of modern tech.

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Silver

Miners focused on extracting silver for industrial and investment use. First Majestic Silver Corp. (AG) operates silver mines in Mexico, supplying a metal critical for electronics, solar panels, and currency. As green energy demand rises, silver’s role in electrification grows. This group includes firms tapping the world's silver supply.

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Software - Application

Firms building productivity, analytics, and enterprise applications. MicroStrategy Incorporated (MSTR) provides business intelligence software and has drawn attention for its strategic Bitcoin holdings. It represents the blend of software innovation and new digital assets. This group includes companies focused on solving business problems through software.

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Software - Infrastructure

Builders of cloud platforms, operating systems, and developer tools. Microsoft Corporation (MSFT) powers businesses with Azure, Windows, GitHub, and enterprise tools used globally. As cloud adoption and AI accelerate, Microsoft sits at the infrastructure layer of global tech. This group includes firms providing the digital scaffolding of modern IT.

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Solar

Producers of solar panels and systems supporting clean energy adoption. First Solar Inc. (FSLR) manufactures high-efficiency solar modules and develops large-scale solar projects. As the solar industry scales globally, First Solar supports utility and commercial deployment. This group includes firms harnessing the sun to power the future.

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Specialty Business Services

Providers of uniform rental, document handling, and operational outsourcing. Cintas Corporation (CTAS) delivers workplace uniforms, safety equipment, and facility services to businesses across North America. As companies seek turnkey operational solutions, Cintas offers scale and reliability. This group includes firms enhancing everyday business operations.

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Specialty Retail

Retailers focused on specific categories, often blending digital and physical channels. Amazon.com Inc. (AMZN) redefined global retail through e-commerce, logistics, and cloud services. From books to AI, Amazon continues to expand its reach across categories. This group includes companies dominating retail niches at scale.

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Staffing & Employment Services

Firms connecting employers with talent and offering workforce solutions. Automatic Data Processing Inc. (ADP) provides payroll, HR software, and compliance services to businesses of all sizes. As workforces become more distributed and digital, ADP supports smooth operations. This group includes firms shaping how people get paid and placed.

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Steel

Producers of structural, sheet, and specialty steel for construction and manufacturing. Nucor Corporation (NUE) is a leading U.S. steelmaker using electric arc furnaces, offering a more sustainable production model. With domestic infrastructure investment rising, Nucor benefits from reshoring and demand. This group includes the core suppliers of structural strength.

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Technology Distributors

Companies distributing IT hardware, software, and services to resellers and businesses. TD SYNNEX Corporation (SNX) is a leading global IT distributor connecting vendors and customers with supply chain and integration services. As digital transformation accelerates, SYNNEX powers the tech channel. This group includes firms at the center of technology distribution.

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Telecommunications Services

Providers of wireless, broadband, and telecom infrastructure. Verizon Communications Inc. (VZ) operates one of the largest mobile and broadband networks in the U.S., with growing focus on 5G and enterprise services. As demand for reliable connectivity grows, Verizon remains central to communication. This group includes the carriers and service providers behind the internet age.

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Tobacco

Companies producing cigarettes, heated tobacco, and alternative nicotine products. Philip Morris International Inc. (PM) leads globally with brands like Marlboro and is shifting toward reduced-risk products like IQOS. As health trends and regulations evolve, PM is investing in a smoke-free future. This group includes legacy tobacco and next-gen nicotine players.

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Travel Lodging

Operators of hotels, resorts, and vacation properties. Marriott International Inc. (MAR) is a global hospitality brand with over 30 hotel brands spanning luxury to extended stay. As travel rebounds globally, Marriott capitalizes on brand strength and loyalty programs. This group includes companies offering places to stay in the travel economy.

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Travel Services

Companies enabling trip planning, bookings, and digital travel management. Booking Holdings Inc. (BKNG) owns Booking.com, Priceline, and Kayak, serving travelers across hotels, flights, and experiences. As travel moves online and personalization becomes key, BKNG powers the digital front door to tourism. This group includes the platforms planning your next trip.

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Trucking

Firms providing over-the-road freight and logistics services. Old Dominion Freight Line Inc. (ODFL) specializes in less-than-truckload shipping, offering fast and reliable service across North America. As e-commerce and inventory flexibility grow, ODFL thrives with speed and service. This group includes the carriers keeping supply chains moving.

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Uranium

Miners extracting uranium used primarily for nuclear energy. Cameco Corporation (CCJ) is one of the largest uranium producers, supplying fuel for nuclear reactors worldwide. As nuclear gains attention as a low-carbon baseload energy source, uranium demand is rising. This group includes companies fueling the next generation of clean power.

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Waste Management

Companies providing garbage collection, recycling, and environmental services. Waste Management Inc. (WM) is the largest waste services provider in North America, handling millions of tons of solid waste and recycling. With a focus on sustainability and circular solutions, WM is vital to environmental infrastructure. This group includes firms making waste a managed resource.

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