Natural Resources vs the S&P 500 (CSNR): is it outperforming?
As of 12 October 2026, timber and natural resources stocks are losing ground: still ahead of the S&P 500 over the longer run, but behind over the past month. CSNR trails the S&P 500 by 5.6 points over one month and ranks #70 of 115 groups Zensei tracks.
Where timber and natural resources stocks stand now
As of 12 October 2026, Natural Resources (CSNR) ranks #70 of the 115 groups Zensei tracks by one-month return against the S&P 500. It is losing its lead. It built a 11.2-point advantage over the S&P 500 across the longer, time-shifted window, but over the past month it has slipped 5.6 points behind the market — the Cooling quadrant of the rotation map.
On the shorter tape, CSNR's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. CSNR's relative-strength line has broken below its long-term average — the long-term outperformance trend is no longer intact. Both signals point the same direction here: the market is not rewarding this group on either horizon.
The thing to watch from here is whether this is a pause or a handoff: cooling groups sometimes reset and reclaim leadership, but a deepening one-month deficit usually means rotation has moved on.
Timber and Natural Resources Stocks vs the S&P 500
Over the week to 12 October 2026, CSNR rose 1.5% while the S&P 500 rose 0.4%. The table compares CSNR and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means CSNR won that window.
Prices as of · computed from daily adjusted closes · how we measure
Natural Resources 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.
Timber and Natural Resources Stocks: common questions
Which ETF holds timber and natural resources stocks?
Several ETFs hold timber and natural resources stocks. Zensei tracks the group through CSNR, the Mission Timber & Natural Resources ETF. As of 12 October 2026, Zensei has the 0 largest timber and natural resources stocks from its published holdings.
Are timber and natural resources stocks outperforming the S&P 500?
No. As of 12 October 2026, CSNR trails the S&P 500 by 5.6 points over the past month.
What is CSNR?
CSNR is Mission Timber & Natural Resources ETF. Zensei uses it to measure timber and natural resources stocks against the S&P 500 (SPY).
What quadrant is natural resources in right now?
As of 12 October 2026, natural resources is in the Cooling quadrant — still ahead over the longer window, but behind the market over the past month. The Zensei methodology page explains the quadrants.
Related sectors
Track natural resources against the whole market
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