Crude oil price volatility magnifies A-share sector rotation, related thematic funds are "ebb and flow".

Recently, the drastic fluctuations in international oil prices have become a core variable stirring up the A-share market, significantly accelerating the rotation of sectors and giving rise to a "two-faced" market between the previously hot technology growth track and energy-related sectors, thereby triggering a sharp divergence in the performance of thematic funds. Data shows that since March, energy thematic funds have achieved a maximum yield of over 34%, while some technology growth track funds have experienced a maximum drawdown of over 14%, with a performance difference of up to 49 percentage points. Behind this "scissor difference" is the rapid migration of funds between sectors, reflecting a deep shift in market pricing logic. Understanding the inherent logic of sector rotation, controlling potential risks and opportunities, has become the key to current investment decision-making.