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WHAT MOVED THE MARKET TODAY

SPDR S&P Biotech ETF

147 stocks · cap-weighted, ETF-derived weights · Aug 25, 2026 close
169.12
+91.59 (+118.13%)
XBI 169.12 · +91.6 pts (+118.13%) 3Y
389.61302.75215.90129.0442.18EW +375.01%H 169.12 · Aug 25L 65.19 · Oct 30
Aug 18, 2023May 21, 2024Feb 24, 2025Nov 19, 2025Aug 25, 2026
Breadth
113 / 147
stocks rose with the index
Concentration
9%
of the gain from MRNA, TWST, NTRA
Biggest driver
MRNA +3.44
MODERNA INC, +56.30%
Biggest drag
JBIO −8.66
JADE BIOSCIENCES INC, −94.64%

What drove it

147 members · drivers first · 3Y · residual 3461.7bp exceeds 60bp gate

The XBI rose 118.13% (+91.59 pts) over three years in a broad advance: 113 of 147 stocks rose, with MRNA out front at +3.44 points.

Read the latest market-close note: Nvidia and Goldman Sachs Lead a Narrow Advance as Energy and Staples Slide

+96.9 pts from 114 gainers26.5 pts from 33 losers
net +91.6 pts · gainers outweigh losers 3.7 to 1
Stock
Points
Return
XBIsum of all 147 stocks
+91.6
100%
+118.13%
MRNAMODERNA INC
+3.4
4%
+56.30%
TWSTTWIST BIOSCIENCE CORP
+2.7
3%
+678.11%
NTRANATERA INC
+2.1
2%
+540.13%
APGEAPOGEE THERAPEUTICS INC
+2.1
2%
+456.31%
PTGXPROTAGONIST THERAPEUTICS INC
+2.0
2%
+687.19%
ERASERASCA INC
+2.0
2%
+607.57%
KYMRKYMERA THERAPEUTICS INC
+1.9
2%
+542.19%
DNTHDIANTHUS THERAPEUTICS INC
+1.9
2%
+919.18%
SRRKSCHOLAR ROCK HOLDING CORP
+1.9
2%
+805.91%
MDGLMADRIGAL PHARMACEUTICALS INC
+1.9
2%
+184.94%
RYTMRHYTHM PHARMACEUTICALS INC
+1.9
2%
+351.23%
ORKAORUKA THERAPEUTICS INC
+1.9
2%
+575.94%
TVTXTRAVERE THERAPEUTICS INC
+1.8
2%
+393.81%
SYRESPYRE THERAPEUTICS INC
+1.8
2%
+776.41%
VKTXVIKING THERAPEUTICS INC
+1.8
2%
+144.42%
117 othersclick to expand the full index
+63.2
69%
·
MYGNMYRIAD GENETICS INC
−0.3
0%
−81.35%
PRMEPRIME MEDICINE INC
−0.3
0%
−68.90%
MPLTMAPLIGHT THERAPEUTICS INC
−0.3
0%
−31.62%
SANASANA BIOTECHNOLOGY INC
−0.4
0%
−24.63%
BMRNBIOMARIN PHARMACEUTICAL INC
−0.5
−1%
−25.75%
GERNGERON CORP
−0.6
−1%
−40.61%
ALTALTIMMUNE INC
−0.6
−1%
+20.75%
CAPRCAPRICOR THERAPEUTICS INC
−0.7
−1%
+19.97%
PRTAPROTHENA CORP PLC
−0.8
−1%
−83.40%
VORVOR BIOPHARMA INC
−0.9
−1%
−59.03%
NTLAINTELLIA THERAPEUTICS INC
−1.4
−1%
−64.06%
RAREULTRAGENYX PHARMACEUTICAL IN
−1.5
−2%
−24.59%
RXRXRECURSION PHARMACEUTICALS A
−1.7
−2%
−58.51%
SRPTSAREPTA THERAPEUTICS INC
−5.4
−6%
−83.09%
JBIOJADE BIOSCIENCES INC
−8.7
−9%
−94.64%
Cap weighting, illustrated

SAREPTA THERAPEUTICS INC and CABALETTA BIO INC moved almost identically (−83.09% vs −74.61%), yet SRPT moved the XBI 64.2× as much. In a cap-weighted index, the bigger company's weight turns the same percentage move into far more points.

Attribution map

slicing the +91.59 pt move · cell size = points contributed · color = direction, intensity = return
JBIO−8.7 pts(−94.6%)
SRPT−5.4 pts
MRNA+3.4 pts(+56.3%)
TWST+2.7 pts(+678.1%)
NTRA+2.1 pts
APGE+2.1 pts
PTGX+2.0 pts
ERAS+2.0 pts
KYMR+1.9 pts(+542.2%)
DNTH+1.9 pts(+919.2%)
SRRK+1.9 pts(+805.9%)
MDGL+1.9 pts
RYTM+1.9 pts
ORKA
TVTX+1.8 pts
SYRE+1.8 pts
VKTX+1.8 pts
TGTX+1.7 pts
RXRX
GRAL
SLS+1.6 pts
ADMA+1.6 pts
RVMD+1.5 pts
CELC
NVAX
ROIV
RARE
HALO+1.4 pts
KRYS+1.4 pts
NTLA−1.4 pts
IOVA+1.3 pts
ARQT+1.3 pts
PVLA
INSM
CRSP+1.2 pts
COGT+1.1 pts
DYN
EXEL
BBIO
PURR+0.9 pts
CYTK+0.9 pts
CDNA
PTCT
VRDN
PRTA
IMNM
VCYT
IDYA
AMGN
ARWR
CAPR
MLYS
VRTX
TNGX
27 more
KOD
ALT
DNLI
BMRN
REGN
PGEN
ALKS
INBX
CLDX
XNCR

Concentration curve

cumulative share of the +91.59 pt move · sorted by contribution
0%50%100%3774110147stocks:3 stocks = 9%100% covered at 84

When they drove it

cumulative points through the period
0MRNA +3.44TWST +2.74NTRA +2.12JBIO −8.66SRPT −5.41RXRX −1.70Aug 18Aug 25

Breadth

member returns, this period
−100%+100%+300%+500%+700%+900%+1,100%+1,300%+1,500%
From −94.64% (JBIO) to +1,603.80% (PRAX). Equal-weight, the XBI would be +375.01% vs the actual +118.13%; the gap is what cap weighting did.

By sector

point contribution · sums to +91.59 pts
-147
+70.4

The year, session by session

every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUG

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