XLF · WMTMT

Oct 4, 2023Jul 9, 2024Apr 9, 2025Jan 7, 2026Oct 9, 2026

Breadth

67 / 76

stocks rose with the index

Concentration

33%

of the gain from JPM, BRK-B, V

Biggest driver

JPM +3.69

JPMORGAN CHASE + CO, +147.07%

Biggest drag

FISV −0.35

FISERV INC, −59.61%

What drove it

76 members · drivers first · 3Y · residual 930.9bp exceeds 60bp gate

The XLF rose 67.83% (+22.12 pts) over three years in a broad advance: 67 of 76 stocks rose, with JPM out front at +3.69 points.

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

+23.6 pts from 62 gainers−1.1 pts from 14 losers

net +22.1 pts · gainers outweigh losers 22.2 to 1

Stock

Points

Return

XLFsum of all 76 stocks

+22.1

+67.83%

JPMJPMORGAN CHASE + CO

+3.7

+147.07%

BRK-BBERKSHIRE HATHAWAY INC CL B

+1.9

+49.98%

VVISA INC CLASS A SHARES

+1.8

+70.23%

BACBANK OF AMERICA CORP

+1.6

+125.43%

MAMASTERCARD INC A

+1.4

+52.07%

CCITIGROUP INC

+1.3

+255.09%

GSGOLDMAN SACHS GROUP INC

+1.2

+208.52%

WFCWELLS FARGO + CO

+1.0

+129.26%

MSMORGAN STANLEY

+1.0

+161.84%

AXPAMERICAN EXPRESS CO

+0.6

+117.63%

SCHWSCHWAB (CHARLES) CORP

+0.6

+95.49%

BNYBANK OF NEW YORK MELLON CORP

+0.5

+270.75%

HOODROBINHOOD MARKETS INC A

+0.5

+1,026.24%

COFCAPITAL ONE FINANCIAL CORP

+0.4

+124.74%

BLKBLACKROCK INC

+0.4

+80.87%

46 othersclick to expand the full index

+5.7

ARESARES MANAGEMENT CORP A

+0.0

+25.63%

JKHYJACK HENRY + ASSOCIATES INC

−0.0

+5.08%

EGEVEREST GROUP LTD

−0.0

+2.81%

ERIEERIE INDEMNITY COMPANY CL A

−0.0

−23.39%

BROBROWN + BROWN INC

−0.0

−8.89%

ACGLARCH CAPITAL GROUP LTD

−0.0

+24.90%

AJGARTHUR J GALLAGHER + CO

−0.0

+4.19%

FDSFACTSET RESEARCH SYSTEMS INC

−0.0

−33.69%

GPNGLOBAL PAYMENTS INC

−0.1

−25.00%

MRSHMARSH + MCLENNAN COS

−0.1

−3.93%

COINCOINBASE GLOBAL INC CLASS A

−0.1

+144.17%

FISFIDELITY NATIONAL INFO SERV

−0.1

−32.73%

PYPLPAYPAL HOLDINGS INC

−0.1

−4.37%

AONAON PLC CLASS A

−0.1

−13.87%

FISVFISERV INC

−0.3

−59.61%

Cap weighting, illustrated

BERKSHIRE HATHAWAY INC CL B and GLOBE LIFE INC moved almost identically (+49.98% vs +55.56%), yet BRK-B moved the XLF 168.7× 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 +22.12 pt move · cell size = points contributed · color = direction, intensity = return

JPM+3.7 pts(+147.1%)

BRK-B+1.9 pts(+50.0%)

V+1.8 pts(+70.2%)

BAC+1.6 pts(+125.4%)

MA+1.4 pts(+52.1%)

C+1.3 pts(+255.1%)

GS+1.2 pts(+208.5%)

WFC+1.0 pts(+129.3%)

MS+1.0 pts(+161.8%)

AXP+0.6 pts

SCHW+0.6 pts(+95.5%)

BNY+0.5 pts(+270.8%)

HOOD+0.5 pts

COF+0.4 pts

BLK

FISV−0.3 pts

PGR

USB+0.3 pts

TRV+0.2 pts

KKR+0.2 pts

MCO+0.2 pts

MET

CME

ICE

ALL

FITB

APO

NDAQ

SPGI

AMP

AFL

AON

CBOE

PRU

Concentration curve

cumulative share of the +22.12 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−100%+100%+300%+500%+700%+900%

From −59.61% (FISV) to +1,026.24% (HOOD). Equal-weight, the XLF would be +86.03% vs the actual +67.83%; the gap is what cap weighting did.

By sector

point contribution · sums to +22.12 pts

-76

+22.5

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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