Cyclical vs Defensive Sectors: When to Rotate Between Risk-On and Risk-Off ETFs By | April 5, 2026 | 0 [etfdu_blog] Posted in Research and tagged cyclical sectors, defensive sectors, economic indicators, market regime, risk-on risk-off, sector rotation, SPDR ETFs, XLF, XLI, XLP, XLU, XLV, XLY