XLF · WMTMT

Aug 18, 2023May 21, 2024Feb 24, 2025Nov 19, 2025Aug 25, 2026

Breadth

71 / 76

stocks rose with the index

Concentration

31%

of the gain from JPM, V, BAC

Biggest driver

JPM +4.07

JPMORGAN CHASE + CO, +154.68%

Biggest drag

FISV −0.29

FISERV INC, −56.33%

What drove it

76 members · drivers first · 3Y · residual 945.4bp exceeds 60bp gate

The XLF rose 71.57% (+24.32 pts) over three years in a broad advance: 71 of 76 stocks rose, with JPM out front at +4.07 points.

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

+25.4 pts from 66 gainers−0.7 pts from 10 losers

net +24.3 pts · gainers outweigh losers 37.9 to 1

Stock

Points

Return

XLFsum of all 76 stocks

+24.3

+71.57%

JPMJPMORGAN CHASE + CO

+4.1

+154.68%

VVISA INC CLASS A SHARES

+1.8

+64.64%

BACBANK OF AMERICA CORP

+1.7

+132.81%

MAMASTERCARD INC A

+1.6

+55.28%

GSGOLDMAN SACHS GROUP INC

+1.6

+249.49%

CCITIGROUP INC

+1.2

+243.93%

MSMORGAN STANLEY

+1.2

+178.28%

BRK-BBERKSHIRE HATHAWAY INC CL B

+1.1

+43.00%

WFCWELLS FARGO + CO

+1.0

+113.28%

AXPAMERICAN EXPRESS CO

+0.7

+117.11%

BNYBANK OF NEW YORK MELLON CORP

+0.6

+298.24%

SCHWSCHWAB (CHARLES) CORP

+0.6

+96.02%

HOODROBINHOOD MARKETS INC A

+0.6

+993.56%

BLKBLACKROCK INC

+0.5

+88.16%

COFCAPITAL ONE FINANCIAL CORP

+0.5

+115.09%

46 othersclick to expand the full index

+6.4

AJGARTHUR J GALLAGHER + CO

+0.0

+25.29%

BENFRANKLIN TEMPLETON INC

+0.0

+56.49%

AIGAMERICAN INTERNATIONAL GROUP

+0.0

+40.84%

JKHYJACK HENRY + ASSOCIATES INC

+0.0

+16.65%

GLGLOBE LIFE INC

+0.0

+56.94%

EGEVEREST GROUP LTD

−0.0

+14.93%

BROBROWN + BROWN INC

−0.0

+4.76%

ERIEERIE INDEMNITY COMPANY CL A

−0.0

−4.23%

ACGLARCH CAPITAL GROUP LTD

−0.0

+40.54%

AONAON PLC CLASS A

−0.0

+12.08%

FDSFACTSET RESEARCH SYSTEMS INC

−0.0

−28.62%

GPNGLOBAL PAYMENTS INC

−0.1

−21.92%

MRSHMARSH + MCLENNAN COS

−0.1

+7.02%

FISFIDELITY NATIONAL INFO SERV

−0.1

−20.87%

FISVFISERV INC

−0.3

−56.33%

Cap weighting, illustrated

VISA INC CLASS A SHARES and GLOBE LIFE INC moved almost identically (+64.64% vs +56.94%), yet V moved the XLF 176.4× 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 +24.32 pt move · cell size = points contributed · color = direction, intensity = return

JPM+4.1 pts(+154.7%)

V+1.8 pts(+64.6%)

BAC+1.7 pts(+132.8%)

MA+1.6 pts(+55.3%)

GS+1.6 pts(+249.5%)

C+1.2 pts(+243.9%)

MS+1.2 pts(+178.3%)

BRK-B+1.1 pts(+43.0%)

WFC+1.0 pts(+113.3%)

AXP+0.7 pts(+117.1%)

BNY+0.6 pts(+298.2%)

SCHW+0.6 pts

HOOD

BLK+0.5 pts(+88.2%)

COF+0.5 pts(+115.1%)

BX+0.4 pts

KKR

PNC

FISV−0.3 pts

USB+0.3 pts

STT

PGR

IBKR

APO

CME

ICE

TRV+0.2 pts

FITB

ALL

AMP

MET

CFG

Concentration curve

cumulative share of the +24.32 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 −56.33% (FISV) to +993.56% (HOOD). Equal-weight, the XLF would be +95.02% vs the actual +71.57%; the gap is what cap weighting did.

By sector

point contribution · sums to +24.32 pts

-76

+24.8

The year, session by session

every trading day of 2026 · hover for the move

JANFEBMARAPRMAYJUNJULAUG

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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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