XLF · WMTMT

Oct 8, 2025Jan 8, 2026Apr 10, 2026Jul 13, 2026Oct 9, 2026

Breadth

47 / 76

stocks rose with the index

Concentration

100%+

of the gain from JPM, C, BAC

Biggest driver

JPM +0.66

JPMORGAN CHASE + CO, +10.57%

Biggest drag

FISV −0.38

FISERV INC, −63.93%

What drove it

76 members · drivers first · 1Y · residual 121.9bp exceeds 60bp gate

The XLF rose 2.28% (+1.22 pts) over the past year, and more than all of that gain came from just three stocks: JPM, C, BAC.

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

+4.1 pts from 43 gainers−3.0 pts from 33 losers

net +1.2 pts · gainers outweigh losers 1.4 to 1

Stock

Points

Return

XLFsum of all 76 stocks

+1.2

+2.28%

JPMJPMORGAN CHASE + CO

+0.7

+10.57%

CCITIGROUP INC

+0.5

+36.19%

BACBANK OF AMERICA CORP

+0.4

+11.53%

GSGOLDMAN SACHS GROUP INC

+0.3

+16.97%

MSMORGAN STANLEY

+0.3

+24.14%

VVISA INC CLASS A SHARES

+0.3

+10.37%

BNYBANK OF NEW YORK MELLON CORP

+0.2

+36.45%

WFCWELLS FARGO + CO

+0.2

+6.49%

USBUS BANCORP

+0.1

+24.92%

PNCPNC FINANCIAL SERVICES GROUP

+0.1

+18.10%

STTSTATE STREET CORP

+0.1

+52.65%

TRVTRAVELERS COS INC/THE

+0.1

+31.94%

IBKRINTERACTIVE BROKERS GRO CL A

+0.1

+22.37%

SCHWSCHWAB (CHARLES) CORP

+0.1

+4.14%

CBCHUBB LTD

+0.1

+19.96%

46 othersclick to expand the full index

+0.2

AXPAMERICAN EXPRESS CO

−0.1

−3.81%

MRSHMARSH + MCLENNAN COS

−0.1

−13.33%

PGRPROGRESSIVE CORP

−0.1

−4.72%

SPGIS+P GLOBAL INC

−0.1

−10.39%

FISFIDELITY NATIONAL INFO SERV

−0.1

−48.70%

BRK-BBERKSHIRE HATHAWAY INC CL B

−0.1

+3.12%

BLKBLACKROCK INC

−0.1

−5.58%

AJGARTHUR J GALLAGHER + CO

−0.1

−23.50%

AONAON PLC CLASS A

−0.1

−24.64%

HOODROBINHOOD MARKETS INC A

−0.2

−27.74%

KKRKKR + CO INC

−0.2

−26.45%

PYPLPAYPAL HOLDINGS INC

−0.2

−26.43%

BXBLACKSTONE INC

−0.2

−27.53%

COINCOINBASE GLOBAL INC CLASS A

−0.3

−53.68%

FISVFISERV INC

−0.4

−63.93%

Cap weighting, illustrated

JPMORGAN CHASE + CO and CME GROUP INC moved almost identically (+10.57% vs +9.52%), yet JPM moved the XLF 53.9× 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 +1.22 pt move · cell size = points contributed · color = direction, intensity = return

JPM+0.7 pts(+10.6%)

C+0.5 pts(+36.2%)

BAC+0.4 pts(+11.5%)

FISV−0.4 pts(−63.9%)

GS+0.3 pts(+17.0%)

MS+0.3 pts

COIN−0.3 pts(−53.7%)

V+0.3 pts(+10.4%)

BX−0.2 pts

PYPL−0.2 pts

KKR

BNY+0.2 pts(+36.5%)

HOOD−0.2 pts(−27.7%)

WFC+0.2 pts(+6.5%)

AON−0.1 pts(−24.6%)

AJG−0.1 pts(−23.5%)

BLK−0.1 pts

USB+0.1 pts

BRK-B

FIS−0.1 pts(−48.7%)

SPGI−0.1 pts(−10.4%)

PNC+0.1 pts

STT+0.1 pts

PGR−0.1 pts

MRSH

TRV+0.1 pts

AXP−0.1 pts

BRO

SCHW

FITB

NTRS

CBOE

ICE

PRU

CFG

PFG

XYZ

MTB

HIG

Concentration curve

cumulative share of the +1.22 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 −63.93% (FISV) to +52.65% (STT). Equal-weight, the XLF would be +4.43% vs the actual +2.28%; the gap is what cap weighting did.

By sector

point contribution · sums to +1.22 pts

-76

+1.2

The year, session by session

every trading day of 2026 · hover for the move

JANFEBMARAPRMAYJUNJULAUGSEPOCT

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Financials · Select Sector

What drove it

Attribution map

Concentration curve

When they drove it

Breadth

By sector

The year, session by session

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