Social Media vs the S&P 500 (SOCL): is it outperforming?
Over the past month, SOCL has underperformed the S&P 500 by 5.9 points. Here is where that puts it in the sector rotation — updated daily.
Where SOCL sits on the rotation map
Social Media 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.
SOCL vs SPY: head-to-head returns
SOCL (social media) and SPY (the S&P 500) side by side over every window Zensei tracks. The spread is the difference — positive means SOCL won that window.
Data as of 2026-08-28 · computed from daily adjusted closes · how we measure
The read
Social Media (SOCL) is losing its lead. It built a 0.6-point advantage over the S&P 500 across the longer, time-shifted window, but over the past month it has slipped 5.9 points behind the market — the Cooling quadrant of the rotation map. Ranked by one-month spread, it currently stands #98 of the 115 groups Zensei tracks.
On the shorter tape, SOCL's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. SOCL'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 exposure comes via Global X Social Media ETF, whose 27 tracked holdings are led by REDDIT INC CLASS A SHARES, META PLATFORMS INC CLASS A and PINTEREST INC CLASS A. Weighted by portfolio, the fund's holdings trade at roughly 28.2× earnings and 11.0× sales. 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.
What's inside SOCL
Top 5 of 27 tracked holdings, by portfolio weight.
Social Media vs the market — common questions
Is social media outperforming the S&P 500?
Right now, no: over the past month SOCL has underperformed the S&P 500 by 5.9 points. This page updates daily, so the answer reflects current market data rather than a dated article.
What is SOCL?
SOCL is Global X Social Media ETF, the fund Zensei uses to measure the social media group against the S&P 500 benchmark (SPY).
Which stocks are in SOCL?
SOCL's largest tracked positions are REDDIT INC CLASS A SHARES, META PLATFORMS INC CLASS A, PINTEREST INC CLASS A, NETEASE INC ADR, ALPHABET INC CLASS A — 27 holdings in total. The full list, with each stock measured against the group, is part of Zensei Premium.
What quadrant is social media in right now?
As of the latest daily data, social media is in the Cooling quadrant — still ahead over the longer window, but behind the market over the past month. The quadrant rules are documented on the Zensei methodology page.
Related sectors
Track social media 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.