XLF · WMTMT

Jul 27Aug 3Aug 11Aug 18Aug 25

Breadth

48 / 76

stocks rose with the index

Concentration

43%

of the gain from MA, V, BLK

Biggest driver

MA +0.26

MASTERCARD INC A, +8.61%

Biggest drag

CB −0.05

CHUBB LTD, −4.41%

What drove it

76 members · drivers first · 1M · residual 4.0bp within 60bp gate

The XLF rose 2.50% (+1.42 pts) on the month on a mixed tape; MA, V, BLK did most of the lifting, with 43% of the gain between them.

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

+1.7 pts from 49 gainers−0.3 pts from 27 losers

net +1.4 pts · gainers outweigh losers 5.3 to 1

Stock

Points

Return

XLFsum of all 76 stocks

+1.4

+2.50%

MAMASTERCARD INC A

+0.3

+8.61%

VVISA INC CLASS A SHARES

+0.2

+6.12%

BLKBLACKROCK INC

+0.1

+10.78%

SCHWSCHWAB (CHARLES) CORP

+0.1

+8.08%

HOODROBINHOOD MARKETS INC A

+0.1

+17.19%

BXBLACKSTONE INC

+0.1

+9.18%

COFCAPITAL ONE FINANCIAL CORP

+0.1

+4.86%

CMECME GROUP INC

+0.1

+8.60%

ICEINTERCONTINENTAL EXCHANGE IN

+0.1

+8.78%

PYPLPAYPAL HOLDINGS INC

+0.0

+11.06%

BACBANK OF AMERICA CORP

+0.0

+0.47%

JPMJPMORGAN CHASE + CO

+0.0

+0.14%

KKRKKR + CO INC

+0.0

+6.07%

APOAPOLLO GLOBAL MANAGEMENT INC

+0.0

+7.69%

MRSHMARSH + MCLENNAN COS

+0.0

+5.50%

46 othersclick to expand the full index

+0.4

LLOEWS CORP

−0.0

−6.47%

TROWT ROWE PRICE GROUP INC

−0.0

−5.32%

FISFIDELITY NATIONAL INFO SERV

−0.0

−6.23%

FITBFIFTH THIRD BANCORP

−0.0

−3.69%

PNCPNC FINANCIAL SERVICES GROUP

−0.0

−2.24%

AIGAMERICAN INTERNATIONAL GROUP

−0.0

−3.50%

ALLALLSTATE CORP

−0.0

−1.42%

SPGIS+P GLOBAL INC

−0.0

−1.55%

CINFCINCINNATI FINANCIAL CORP

−0.0

−6.95%

WRBWR BERKLEY CORP

−0.0

−9.51%

AONAON PLC CLASS A

−0.0

−3.14%

WFCWELLS FARGO + CO

−0.0

−2.29%

AFLAFLAC INC

−0.0

−7.71%

TRVTRAVELERS COS INC/THE

−0.0

−5.30%

CBCHUBB LTD

−0.0

−4.41%

Cap weighting, illustrated

MASTERCARD INC A and INVESCO LTD moved almost identically (+8.61% vs +9.39%), yet MA moved the XLF 26.2× 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 +1.42 pt move · cell size = points contributed · color = direction, intensity = return

MA+0.3 pts(+8.6%)

V+0.2 pts(+6.1%)

BLK+0.1 pts(+10.8%)

SCHW+0.1 pts(+8.1%)

HOOD+0.1 pts

BX+0.1 pts(+9.2%)

COF+0.1 pts

CME+0.1 pts

ICE+0.1 pts(+8.8%)

CB−0.0 pts(−4.4%)

PYPL+0.0 pts

BAC+0.0 pts

JPM+0.0 pts

KKR+0.0 pts(+6.1%)

TRV−0.0 pts

APO

AFL

MRSH+0.0 pts

BNY+0.0 pts

MCO+0.0 pts

WTW+0.0 pts

AJG+0.0 pts

COIN

WFC

C+0.0 pts

PGR+0.0 pts

ARES

IBKR

AON

STT

BRK-B

GPN

CPAY

CINF

NDAQ

SPGI

ALL

AIG

FIS

TROW

FDS

BRO

Concentration curve

cumulative share of the +1.42 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−10%−5%0%+5%+10%+15%

From −9.51% (WRB) to +17.19% (HOOD). Equal-weight, the XLF would be +2.82% vs the actual +2.50%; the gap is what cap weighting did.

By sector

point contribution · sums to +1.42 pts

-76

+1.4

The year, session by session

every trading day of 2026 · hover for the move

JANFEBMARAPRMAYJUNJULAUG

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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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