XLE · WMTMT

Apr 10May 27Jul 13Aug 26Oct 9

Breadth

15 / 21

stocks rose with the index

Concentration

60%

of the gain from MPC, XOM, VLO

Biggest driver

MPC +1.73

MARATHON PETROLEUM CORP, +105.18%

Biggest drag

BKR −0.14

BAKER HUGHES CO, −9.45%

What drove it

21 members · drivers first · 6M · residual 69.2bp exceeds 60bp gate

The XLE rose 14.31% (+8.15 pts) over the past six months, and 60% of that gain came from just three stocks: MPC, XOM, VLO.

Read the latest market-close note: Goldman and Microsoft Push the Dow to a Large Gain While Telecoms Sink Communication Services

+8.5 pts from 14 gainers−0.5 pts from 7 losers

net +8.2 pts · gainers outweigh losers 16.1 to 1

Stock

Points

Return

XLEsum of all 21 stocks

+8.2

+14.31%

MPCMARATHON PETROLEUM CORP

+1.7

+105.18%

XOMEXXONMOBIL HOLDINGS CORP

+1.6

+14.27%

VLOVALERO ENERGY CORP

+1.5

+82.57%

PSXPHILLIPS 66

+1.4

+75.85%

CVXCHEVRON CORP

+1.1

+13.44%

TRGPTARGA RESOURCES CORP

+0.3

+18.49%

COPCONOCOPHILLIPS

+0.3

+10.24%

EOGEOG RESOURCES INC

+0.2

+9.65%

SLBSLB LTD

+0.1

−5.23%

OKEONEOK INC

+0.1

+5.39%

KMIKINDER MORGAN INC

+0.1

+2.22%

APAAPA CORP

+0.1

+19.55%

WMBWILLIAMS COS INC

+0.0

+0.67%

OXYOCCIDENTAL PETROLEUM CORP

+0.0

+4.14%

FANGDIAMONDBACK ENERGY INC

−0.0

+2.65%

DVNDEVON ENERGY CORP

−0.0

+1.77%

TPLTEXAS PACIFIC LAND CORP

−0.1

−11.74%

HALHALLIBURTON CO

−0.1

−13.08%

EXEEXPAND ENERGY CORP

−0.1

−10.35%

EQTEQT CORP

−0.1

−9.70%

BKRBAKER HUGHES CO

−0.1

−9.45%

Cap weighting, illustrated

TARGA RESOURCES CORP and APA CORP moved almost identically (+18.49% vs +19.55%), yet TRGP moved the XLE 5.0× 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 +8.15 pt move · cell size = points contributed · color = direction, intensity = return

MPC+1.7 pts(+105.2%)

XOM+1.6 pts(+14.3%)

VLO+1.5 pts(+82.6%)

PSX+1.4 pts(+75.9%)

CVX+1.1 pts(+13.4%)

TRGP+0.3 pts

COP+0.3 pts(+10.2%)

EOG+0.2 pts

BKR

EQT−0.1 pts

SLB

OKE

EXE−0.1 pts

HAL−0.1 pts

KMI

TPL

APA

Concentration curve

cumulative share of the +8.15 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−25%0%+25%+50%+75%+100%

From −13.08% (HAL) to +105.18% (MPC). Equal-weight, the XLE would be +12.70% vs the actual +14.31%; the gap is what cap weighting did.

By sector

point contribution · sums to +8.15 pts

-21

+8.0

The year, session by session

every trading day of 2026 · hover for the move

JANFEBMARAPRMAYJUNJULAUGSEPOCT

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What drove it

Attribution map

Concentration curve

When they drove it

Breadth

By sector

The year, session by session

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