Sugar vs the S&P 500 (CANE): is it outperforming?
As of 12 October 2026, Sugar (CANE) is among the strongest groups in the market, well ahead of the S&P 500. CANE beats the S&P 500 by 4.7 points over one month and ranks #7 of 115 groups Zensei tracks.
Where sugar stands now
As of 12 October 2026, Sugar (CANE) ranks #7 of the 115 groups Zensei tracks by one-month return against the S&P 500, inside the top tier of the market. It sits in the Outperformers quadrant of the rotation map: it has decisively beaten the S&P 500 by 4.7 points over the past month, on top of a 16.1-point advantage over the longer, time-shifted window.
On the shorter tape, CANE's momentum reads strong: the recent hourly trend is positive across every lookback Zensei measures. CANE's relative-strength line — its price ratio against the S&P 500 — is trading above its moving averages, the healthiest configuration we track. The two signals agree — the short-term tape and the longer trend point the same way.
The thing to watch from here is durability: outperformers that hold their one-month spread while the longer window keeps building tend to stay out front; a fading spread is the early exit signal.
CANE vs SPY: head-to-head returns
Over the week to 12 October 2026, CANE rose 0.9% while the S&P 500 rose 0.4%. The table compares CANE and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means CANE won that window.
Prices as of · computed from daily adjusted closes · how we measure
Sugar on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
What's inside CANE
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | FGTXXGoldman Sachs FS Government Instl | 18.0% | +0.3% | +0.9% | −6.4 pts | Weak | — |
Sugar vs the market — common questions
Is sugar outperforming the S&P 500?
Yes. As of 12 October 2026, CANE has beaten the S&P 500 by 4.7 points over the past month.
What is CANE?
CANE is Teucrium Sugar Fund. Zensei uses it to measure sugar against the S&P 500 (SPY).
What quadrant is sugar in right now?
As of 12 October 2026, sugar is in the Outperformers quadrant — outperforming the S&P 500 on both the recent and the longer, time-shifted window. The Zensei methodology page explains the quadrants.
Recent changes
- ·Beating the market → among the strongest
- ·First tracked: beating the market
Related sectors
Track sugar against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.
Compare all sectors: Sector heat map · Sector P/E ratios