XLF · WMTMT

Oct 1, 2021Jan 4, 2023Apr 9, 2024Jul 9, 2025Oct 9, 2026

Breadth

64 / 76

stocks rose with the index

Concentration

49%

of the gain from BRK-B, JPM, V

Biggest driver

BRK-B +3.27

BERKSHIRE HATHAWAY INC CL B, +86.95%

Biggest drag

PYPL −1.61

PAYPAL HOLDINGS INC, −78.84%

What drove it

76 members · drivers first · 5Y · residual 1018.2bp exceeds 60bp gate

The XLF rose 43.46% (+16.58 pts) over five years in a broad advance: 64 of 76 stocks rose, with BRK-B out front at +3.27 points.

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

+21.4 pts from 59 gainers−3.9 pts from 17 losers

net +16.6 pts · gainers outweigh losers 5.5 to 1

Stock

Points

Return

XLFsum of all 76 stocks

+16.6

+43.46%

BRK-BBERKSHIRE HATHAWAY INC CL B

+3.3

+86.95%

JPMJPMORGAN CHASE + CO

+3.1

+124.89%

VVISA INC CLASS A SHARES

+1.8

+73.40%

MAMASTERCARD INC A

+1.7

+68.20%

GSGOLDMAN SACHS GROUP INC

+1.1

+164.62%

BACBANK OF AMERICA CORP

+0.9

+42.79%

WFCWELLS FARGO + CO

+0.9

+99.71%

CCITIGROUP INC

+0.9

+114.89%

MSMORGAN STANLEY

+0.8

+123.46%

AXPAMERICAN EXPRESS CO

+0.6

+88.29%

BNYBANK OF NEW YORK MELLON CORP

+0.5

+207.59%

PGRPROGRESSIVE CORP

+0.5

+167.45%

SCHWSCHWAB (CHARLES) CORP

+0.4

+38.54%

HOODROBINHOOD MARKETS INC A

+0.3

+160.19%

TRVTRAVELERS COS INC/THE

+0.3

+165.14%

46 othersclick to expand the full index

+4.5

AONAON PLC CLASS A

−0.0

−2.40%

KEYKEYCORP

−0.0

+13.00%

HBANHUNTINGTON BANCSHARES INC

−0.0

+19.52%

USBUS BANCORP

−0.0

+15.77%

FDSFACTSET RESEARCH SYSTEMS INC

−0.0

−23.46%

TROWT ROWE PRICE GROUP INC

−0.1

−34.46%

MSCIMSCI INC

−0.1

−2.37%

GPNGLOBAL PAYMENTS INC

−0.1

−46.08%

TFCTRUIST FINANCIAL CORP

−0.1

−3.46%

SPGIS+P GLOBAL INC

−0.2

+4.34%

FISFIDELITY NATIONAL INFO SERV

−0.2

−68.74%

COINCOINBASE GLOBAL INC CLASS A

−0.3

−22.39%

FISVFISERV INC

−0.3

−58.44%

XYZBLOCK INC

−0.8

−67.72%

PYPLPAYPAL HOLDINGS INC

−1.6

−78.84%

Cap weighting, illustrated

BERKSHIRE HATHAWAY INC CL B and GLOBE LIFE INC moved almost identically (+86.95% vs +91.07%), yet BRK-B moved the XLF 277.5× 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 +16.58 pt move · cell size = points contributed · color = direction, intensity = return

BRK-B+3.3 pts(+87.0%)

JPM+3.1 pts(+124.9%)

V+1.8 pts(+73.4%)

MA+1.7 pts(+68.2%)

PYPL−1.6 pts(−78.8%)

GS+1.1 pts(+164.6%)

BAC+0.9 pts

WFC+0.9 pts(+99.7%)

C+0.9 pts(+114.9%)

MS+0.8 pts(+123.5%)

XYZ−0.8 pts(−67.7%)

AXP+0.6 pts(+88.3%)

BNY+0.5 pts(+207.6%)

PGR+0.5 pts

SCHW

FISV

HOOD

CB+0.3 pts

IBKR+0.3 pts

APO

COIN

FIS

KKR

CME

ICE

AFL

SPGI

MET

AMP

CBOE

AJG

ALL

TFC

Concentration curve

cumulative share of the +16.58 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−100%0%+100%+200%+300%+400%

From −78.84% (PYPL) to +458.97% (IBKR). Equal-weight, the XLF would be +72.89% vs the actual +43.46%; the gap is what cap weighting did.

By sector

point contribution · sums to +16.58 pts

-76

+17.6

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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