21 members · detractors first · 3Y · residual 6189.2bp exceeds 60bp gate
The XLE fell 24.09% (−20.66 pts) over three years, but 19 of 21 members went the other way. SLB and HAL dragged the tape lower, accounting for 14% of the decline.
EQT CORP and APA CORP moved almost identically (+38.54% vs +34.25%), yet EQT moved the XLE 17.4× 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 −20.66 pt move · cell size = points contributed · color = direction, intensity = return
WMB+3.8 pts(+145.2%)
MPC+3.3 pts(+239.4%)
KMI+3.1 pts(+136.6%)
VLO+3.0 pts(+265.3%)
TRGP+3.0 pts(+284.2%)
CVX+2.3 pts(+46.1%)
SLB−2.1 pts(−5.8%)
PSX+2.1 pts(+176.5%)
COP+1.9 pts(+28.6%)
OKE+1.8 pts(+68.6%)
XOM+1.6 pts(+14.3%)
EQT+1.2 pts(+38.5%)
BKR+1.0 pts(+81.6%)
EXE+0.9 pts(+16.0%)
FANG+0.9 pts
DVN
EOG+0.5 pts
OXY−0.4 pts
TPL+0.3 pts
Concentration curve
cumulative share of the −20.66 pt move · sorted by contribution
When they drove it
cumulative points through the period
Breadth
member returns, this period
−50%+50%+150%+250%
From −9.32% (HAL) to +284.17% (TRGP). Equal-weight, the XLE would be +82.92% vs the actual −24.09%; the gap is what cap weighting did.
By sector
point contribution · sums to −20.66 pts
-21
+28.6
The year, session by session
every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUGSEPOCT
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Energy · Select Sector
What moved the market
3Y · OCT 9, 2026
−24.09%
−20.7 pts · closed 65.09
19 of 21 rose · 2 fell
WMB+145.2%
+3.8
MPC+239.4%
+3.3
KMI+136.6%
+3.1
VLO+265.3%
+3.0
TRGP+284.2%
+3.0
OXY+5.2%
−0.4
HAL−9.3%
−0.4
SLB−5.8%
−2.1
SLB sank a split tape · 19 of 21 went the other wayWMTMT.COM
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