Weekly Market UpdateWeek of Aug 31, 2026Aug 28, 2026

Long Treasuries Led the Week; Energy Remains the Top S&P 500 Sector Year-to-Date

Data through Aug 28, 2026Total returnSubscribe

Three Things to Know This Week

Long Treasuries returned +1.0% for the week, the highest of the fourteen asset-class exposures.

The weekly return increased with duration: +1.0% for Long Treasuries, 0.0% for Intermediate Treasuries and −0.1% for Short Treasuries.

Gold returned −3.4% for the week, the lowest of the fourteen asset-class exposures.

Gold and Broad Commodities were both negative for the week while remaining positive over the month or quarter.

Energy returned −1.5% for the week and remained the leading S&P 500 sector year-to-date at +40.2%.

Energy's sector leadership is visible over the year-to-date and twelve-month horizons while its latest weekly return was negative.

Cross-asset performance

Total returns across the same market exposures and horizons, shown side by side.

Tip: click any ticker to analyze it.

Sorted by YTD return · strongest to weakest

Cross-asset performance. Total return, from adjusted closes. Data through Aug 28, 2026.
Exposure	WTD	MTD	QTD	YTD	1Y	3Y Ann.	5Y Ann.	10Y Ann.
Broad commoditiesDBC	Broad commodities, Week to date: down 1.5 percent	Broad commodities, Month to date: up 4.6 percent	Broad commodities, Quarter to date: up 15.5 percent	Broad commodities, Year to date: up 37.7 percent	Broad commodities, 1 year: up 46.2 percent	Broad commodities, 3 years annualised, annualised: up 13.4 percent	Broad commodities, 5 years annualised, annualised: up 14.6 percent	Broad commodities, 10 years annualised, annualised: up 9.2 percent
Emerging marketsEEM	Emerging markets, Week to date: up 0.0 percent	Emerging markets, Month to date: up 4.8 percent	Emerging markets, Quarter to date: down 1.9 percent	Emerging markets, Year to date: up 23.4 percent	Emerging markets, 1 year: up 37.1 percent	Emerging markets, 3 years annualised, annualised: up 23.4 percent	Emerging markets, 5 years annualised, annualised: up 8.8 percent	Emerging markets, 10 years annualised, annualised: up 8.3 percent
U.S. small companiesIJR	U.S. small companies, Week to date: down 1.2 percent	U.S. small companies, Month to date: up 0.1 percent	U.S. small companies, Quarter to date: down 1.8 percent	U.S. small companies, Year to date: up 21.7 percent	U.S. small companies, 1 year: up 28.9 percent	U.S. small companies, 3 years annualised, annualised: up 15.6 percent	U.S. small companies, 5 years annualised, annualised: up 7.7 percent	U.S. small companies, 10 years annualised, annualised: up 10.6 percent
International developedEFA	International developed, Week to date: down 0.5 percent	International developed, Month to date: up 2.0 percent	International developed, Quarter to date: up 3.7 percent	International developed, Year to date: up 13.9 percent	International developed, 1 year: up 20.8 percent	International developed, 3 years annualised, annualised: up 19.2 percent	International developed, 5 years annualised, annualised: up 9.7 percent	International developed, 10 years annualised, annualised: up 9.4 percent
U.S. equitiesIVV	U.S. equities, Week to date: up 0.5 percent	U.S. equities, Month to date: up 3.0 percent	U.S. equities, Quarter to date: up 3.2 percent	U.S. equities, Year to date: up 13.5 percent	U.S. equities, 1 year: up 21.0 percent	U.S. equities, 3 years annualised, annualised: up 22.4 percent	U.S. equities, 5 years annualised, annualised: up 13.2 percent	U.S. equities, 10 years annualised, annualised: up 15.3 percent
Real estateVNQ	Real estate, Week to date: down 1.3 percent	Real estate, Month to date: down 1.7 percent	Real estate, Quarter to date: up 0.8 percent	Real estate, Year to date: up 12.0 percent	Real estate, 1 year: up 12.6 percent	Real estate, 3 years annualised, annualised: up 10.8 percent	Real estate, 5 years annualised, annualised: up 2.0 percent	Real estate, 10 years annualised, annualised: up 5.0 percent
GoldGLD	Gold, Week to date: down 3.4 percent	Gold, Month to date: up 10.1 percent	Gold, Quarter to date: up 11.0 percent	Gold, Year to date: up 3.2 percent	Gold, 1 year: up 33.0 percent	Gold, 3 years annualised, annualised: up 32.6 percent	Gold, 5 years annualised, annualised: up 19.7 percent	Gold, 10 years annualised, annualised: up 12.3 percent
High-yield creditHYG	High-yield credit, Week to date: up 0.2 percent	High-yield credit, Month to date: up 0.8 percent	High-yield credit, Quarter to date: up 0.7 percent	High-yield credit, Year to date: up 2.4 percent	High-yield credit, 1 year: up 5.1 percent	High-yield credit, 3 years annualised, annualised: up 8.7 percent	High-yield credit, 5 years annualised, annualised: up 3.8 percent	High-yield credit, 10 years annualised, annualised: up 4.6 percent
U.S. aggregate bondsAGG	U.S. aggregate bonds, Week to date: up 0.1 percent	U.S. aggregate bonds, Month to date: up 0.5 percent	U.S. aggregate bonds, Quarter to date: down 0.8 percent	U.S. aggregate bonds, Year to date: down 0.1 percent	U.S. aggregate bonds, 1 year: up 2.5 percent	U.S. aggregate bonds, 3 years annualised, annualised: up 4.5 percent	U.S. aggregate bonds, 5 years annualised, annualised: down 0.3 percent	U.S. aggregate bonds, 10 years annualised, annualised: up 1.4 percent
Long-duration TreasuriesTLT	Long-duration Treasuries, Week to date: up 1.0 percent	Long-duration Treasuries, Month to date: up 1.2 percent	Long-duration Treasuries, Quarter to date: down 3.4 percent	Long-duration Treasuries, Year to date: down 2.4 percent	Long-duration Treasuries, 1 year: up 0.3 percent	Long-duration Treasuries, 3 years annualised, annualised: up 0.1 percent	Long-duration Treasuries, 5 years annualised, annualised: down 8.1 percent	Long-duration Treasuries, 10 years annualised, annualised: down 2.3 percent
Investment-grade creditLQD	Investment-grade credit, Week to date: up 0.4 percent	Investment-grade credit, Month to date: up 0.5 percent	Investment-grade credit, Quarter to date: down 2.2 percent	Investment-grade credit, Year to date: down 3.1 percent	Investment-grade credit, 1 year: up 1.4 percent	Investment-grade credit, 3 years annualised, annualised: up 5.3 percent	Investment-grade credit, 5 years annualised, annualised: down 0.8 percent	Investment-grade credit, 10 years annualised, annualised: up 2.1 percent

Total return, from adjusted closes. Data through Aug 28, 2026. — unavailable · 3Y/5Y/10Y annualised; shorter horizons cumulative.

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Chart of the Week

Week-to-date returns across fourteen exposures

Long-duration Treasuries+1.0%

U.S. equities+0.5%

Investment-grade credit+0.4%

High-yield credit+0.2%

U.S. aggregate bonds+0.1%

Emerging markets+0.0%

International developed-0.5%

U.S. small companies-1.2%

Real estate-1.3%

Broad commodities-1.5%

Gold-3.4%

Week-to-date total return for every exposure in the scorecard, ranked from highest to lowest. · Data through Aug 28, 2026

Sector focus: Energy

SectorWTDYTD1YWeight

Energy−1.5%+40.2%+51.1%3.6%

Energy ranked first among the eleven S&P 500 sectors year-to-date and over twelve months. At the latest weekly observation, the sector represented 3.6% of the float-adjusted S&P 500, compared with 15.6% in June 2008 and 1.8% in November 2020.

Energy vs. S&P 500 cumulative total return — 2026 YTD

Energy (XLE)
S&P 500 (IVV)

Year start
Quarter start

Both series are rebased to 0.0% at the first measured session of 2026. Energy led the index on 163 of 165 common sessions; the widest gap occurred on Mar 27, 2026.

Three Things We're Watching

What is the next reading for the share of S&P 500 constituents above their 50-day average?

The August 28 reading was 45.3%, compared with 67.4% above the 200-day average and 35.8% above all three moving averages.

What is the next reading for the share of constituents within 2% of a 52-week high?

The August 28 reading was 12.5%, while the median constituent was 16.5% below its all-time high.

What is the next interquartile range of constituent year-to-date returns?

The August 28 middle half of constituents spanned −3.4% to +26.7%, an interquartile range of 30.1 percentage points.

Notes & methodology

Weekly, from adjusted closes. Every figure is read at the close of August 28, 2026, the newest recorded session and zero trading sessions behind it against a limit of one. Figures are not assembled from multiple sessions. One investable ETF per exposure; the S&P 500 proxy is IVV throughout. Total return is computed from adjusted closes, anchored to exact period-boundary closes and validated against adjustment-basis guards. Breadth percentages are of asserted S&P 500 constituents with a usable observation at the stated session: 497 of 503 (98.8%), with 6 omitted for having no measures at this session. Year-start and quarter-start breadth comparisons are not shown because those stored observations do not exist. This publication is produced with interactive assistance from large language models, including analysis and drafting; TrendToWealth defines the methodology and editorial requirements and reviews numerical claims against the underlying data and sources before publication.

AI assistance. This issue was prepared with AI-assisted research and drafting and reviewed by TrendToWealth before publication.

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