Sector Alpha and Sector Leaderboards
Imagine a tech stock pick that beat the S&P 500 by 8 points in one year. In the same year, the tech sector ETF also beat the S&P 500 by 8 points. The speaker did not pick a good stock. The speaker picked a good sector.
finfluencers.trade measures these two things separately. Sector Alpha = Stock Picking Alpha + Sector Picking Alpha. You can see the split on Sector Leaderboards for finfluencers and shows, and on every profile.