{"available":true,"as_of":"2026-11-06","kind":"state","rule":{"FUNDAMENTAL":["MODERATE"]},"slug":"business-cycle-moderate","facts":{"first":"1985-01-02","last":"2026-11-06","measured":10544,"sessionsOn":3444,"share":0.3266312594840668,"episodes":5,"medianRun":818,"longestRun":1111,"lastEpisode":{"start":"2023-11-10","end":"2025-09-12"},"inForce":false,"since":null},"years":[{"year":1985,"share":0},{"year":1986,"share":0},{"year":1987,"share":0},{"year":1988,"share":0},{"year":1989,"share":0},{"year":1990,"share":0},{"year":1991,"share":0},{"year":1992,"share":0},{"year":1993,"share":0},{"year":1994,"share":0},{"year":1995,"share":0},{"year":1996,"share":0},{"year":1997,"share":0},{"year":1998,"share":0},{"year":1999,"share":0},{"year":2000,"share":0.313},{"year":2001,"share":0.302},{"year":2002,"share":0},{"year":2003,"share":0},{"year":2004,"share":0.496},{"year":2005,"share":1},{"year":2006,"share":1},{"year":2007,"share":1},{"year":2008,"share":0.087},{"year":2009,"share":0},{"year":2010,"share":0},{"year":2011,"share":0.222},{"year":2012,"share":1},{"year":2013,"share":1},{"year":2014,"share":1},{"year":2015,"share":0.095},{"year":2016,"share":1},{"year":2017,"share":1},{"year":2018,"share":1},{"year":2019,"share":1},{"year":2020,"share":0.352},{"year":2021,"share":0},{"year":2022,"share":0},{"year":2023,"share":0.136},{"year":2024,"share":1},{"year":2025,"share":0.696},{"year":2026,"share":0}],"assets":[{"symbol":"XLK","n":3444,"annReturn":11.88,"annReturnAll":11.77,"annExcess":1.13,"annVol":23.02,"hitRate":0.5511,"from":"1998-12-22"},{"symbol":"XLC","n":936,"annReturn":18.46,"annReturnAll":11.3,"annExcess":3.61,"annVol":22.54,"hitRate":0.5694,"from":"2018-06-19"},{"symbol":"XLY","n":3444,"annReturn":12.45,"annReturnAll":10.56,"annExcess":1.69,"annVol":18.66,"hitRate":0.538,"from":"1998-12-22"},{"symbol":"XLF","n":3444,"annReturn":10.63,"annReturnAll":7.93,"annExcess":-0.13,"annVol":20.87,"hitRate":0.5279,"from":"1998-12-22"},{"symbol":"XLI","n":3444,"annReturn":11.27,"annReturnAll":9.21,"annExcess":0.51,"annVol":18.14,"hitRate":0.5415,"from":"1998-12-22"},{"symbol":"XLB","n":3444,"annReturn":10.81,"annReturnAll":8.55,"annExcess":0.06,"annVol":20.28,"hitRate":0.5273,"from":"1998-12-22"},{"symbol":"XLE","n":3444,"annReturn":6.75,"annReturnAll":10.1,"annExcess":-4.01,"annVol":25.17,"hitRate":0.5253,"from":"1998-12-22"},{"symbol":"XLRE","n":1571,"annReturn":6.69,"annReturnAll":5.47,"annExcess":-7.17,"annVol":20.64,"hitRate":0.5315,"from":"2015-10-08"},{"symbol":"XLV","n":3444,"annReturn":10.94,"annReturnAll":8.78,"annExcess":0.18,"annVol":15.9,"hitRate":0.5302,"from":"1998-12-22"},{"symbol":"XLP","n":3444,"annReturn":7.91,"annReturnAll":5.57,"annExcess":-2.85,"annVol":13.38,"hitRate":0.5241,"from":"1998-12-22"},{"symbol":"XLU","n":3444,"annReturn":12.85,"annReturnAll":5.67,"annExcess":2.09,"annVol":17.17,"hitRate":0.5438,"from":"1998-12-22"},{"symbol":"SPY","n":3444,"annReturn":10.76,"annReturnAll":10.08,"annExcess":null,"annVol":16.28,"hitRate":0.5546,"from":"1993-01-29"},{"symbol":"QQQ","n":3444,"annReturn":11.96,"annReturnAll":12.86,"annExcess":1.2,"annVol":23.19,"hitRate":0.5543,"from":"1999-03-10"},{"symbol":"IWM","n":3444,"annReturn":10.24,"annReturnAll":9.63,"annExcess":-0.52,"annVol":20.85,"hitRate":0.5328,"from":"2000-05-26"},{"symbol":"TLT","n":3290,"annReturn":5.23,"annReturnAll":1.04,"annExcess":-7.29,"annVol":12.83,"hitRate":0.5249,"from":"2002-07-30"},{"symbol":"GLD","n":3195,"annReturn":12.77,"annReturnAll":11.38,"annExcess":0.34,"annVol":16.41,"hitRate":0.5349,"from":"2004-11-18"}]}