JPMORGAN CHASE + CO and GLOBE LIFE INC moved almost identically (+22.15% vs +22.74%), yet JPM moved the XLF 117.8× 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 +4.73 pt move · cell size = points contributed · color = direction, intensity = return
JPM+1.2 pts(+22.2%)
GS+0.7 pts(+45.6%)
BAC+0.6 pts(+29.8%)
MS+0.6 pts(+48.9%)
C+0.5 pts(+42.1%)
V+0.5 pts(+10.4%)
FISV−0.3 pts
BNY+0.3 pts(+61.7%)
SPGI−0.2 pts(−17.4%)
COIN−0.2 pts(−41.5%)
WFC+0.2 pts(+8.9%)
KKR−0.2 pts(−23.5%)
SCHW+0.2 pts(+18.3%)
STT+0.1 pts
USB+0.1 pts
BX
CB+0.1 pts
PNC+0.1 pts
FIS
TRV
PGR
IBKR
ICE
ALL+0.1 pts
NTRS+0.1 pts
AXP
AJG
MA
BRO
FITB
MET
BRK-B
CBOE
PFG
MTB
AIG
AMP
CPAY
ARES
Concentration curve
cumulative share of the +4.73 pt move · sorted by contribution
When they drove it
cumulative points through the period
Breadth
member returns, this period
−75%−50%−25%0%+25%+50%
From −62.46% (FISV) to +71.38% (STT). Equal-weight, the XLF would be +12.11% vs the actual +8.83%; the gap is what cap weighting did.
By sector
point contribution · sums to +4.73 pts
-76
+4.6
The year, session by session
every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUG
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Financials · Select Sector
What moved the market
1Y · AUG 25, 2026
+8.83%
+4.7 pts · closed 58.30
56 of 76 rose · 20 fell
JPM+22.2%
+1.2
GS+45.6%
+0.7
BAC+29.8%
+0.6
MS+48.9%
+0.6
C+42.1%
+0.5
BX−13.4%
−0.1
KKR−23.5%
−0.2
COIN−41.5%
−0.2
SPGI−17.4%
−0.2
FISV−62.5%
−0.3
Broad advance · JPM led at +1.18 ptsWMTMT.COM
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