Coal vs the S&P 500 (COAL): is it outperforming?
Over the past month, COAL has outperformed the S&P 500 by 0.3 points. Here is where that puts it in the sector rotation — updated daily.
Where COAL sits on the rotation map
Coal highlighted against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window — the methodology explains the math.
COAL vs SPY: head-to-head returns
COAL (coal) and SPY (the S&P 500) side by side over every window Zensei tracks. The spread is the difference — positive means COAL won that window.
Data as of 2026-07-23 · computed from daily adjusted closes · how we measure
The read
Coal (COAL) has just turned the corner. Over the longer, time-shifted window it trailed the S&P 500 by 10.8 points, but over the past month it has moved narrowly ahead of the market — a 0.3-point edge that puts it in the improving quadrant. Ranked by one-month spread, it currently stands #69 of the 115 groups Zensei tracks.
On the shorter tape, COAL is in a dip window: the last sessions have pulled back while the longer intraday trend remains intact — the pattern rotation traders watch for re-entries. COAL'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 exposure comes via Range Global Coal Index ETF, whose 11 tracked holdings are led by WARRIOR MET COAL INC, ALPHA METALLURGICAL RESOURCES INC and CORE NATURAL RESOURCES INC ORDINARY SHARES. Weighted by portfolio, the fund's holdings trade at roughly 22.6× earnings and 2.3× sales. The thing to watch from here is confirmation: improving groups that hold a positive one-month spread long enough for the longer window to turn are the classic early-rotation entries — the ones that fail fall back quickly.
What's inside COAL
Top 5 of 11 tracked holdings, by portfolio weight.
Coal vs the market — common questions
Is coal outperforming the S&P 500?
Right now, yes: over the past month COAL has outperformed the S&P 500 by 0.3 points. This page updates daily, so the answer reflects current market data rather than a dated article.
What is COAL?
COAL is Range Global Coal Index ETF, the fund Zensei uses to measure the coal group against the S&P 500 benchmark (SPY).
Which stocks are in COAL?
COAL's largest tracked positions are WARRIOR MET COAL INC, ALPHA METALLURGICAL RESOURCES INC, CORE NATURAL RESOURCES INC ORDINARY SHARES, BHP GROUP LTD ADR, ALLIANCE RESOURCE PARTNERS LP — 11 holdings in total. The full list, with each stock measured against the group, is part of Zensei Premium.
What quadrant is coal in right now?
As of the latest daily data, coal is in the improving quadrant — behind the market over the longer window, but ahead over the past month. The quadrant rules are documented on the Zensei methodology page.
Related sectors
Track coal 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.