Defensive sectors (utilities and consumer staples), Industrials, SPY, and QQQ from peak to trough during the collapse of the dot com bubble. Dividends reinvested.
The chart from the 2000 peak to present is even more interesting. Since the 2000 market peak, SPY with divs reinvested has outperformed QQQ, and XLU has outperformed SPY!
Admittedly that's very cherry-picked, it's *only* true from the very peak. But I still found it very surprising.