XLF · WMTMT

Feb 24Apr 10May 26Jul 13Aug 25

Breadth

70 / 76

stocks rose with the index

Concentration

39%

of the gain from JPM, V, MA

Biggest driver

JPM +1.22

JPMORGAN CHASE + CO, +20.59%

Biggest drag

CME −0.11

CME GROUP INC, −10.51%

What drove it

76 members · drivers first · 6M · residual 68.6bp exceeds 60bp gate

The XLF rose 14.36% (+7.32 pts) over the past six months in a broad advance: 70 of 76 stocks rose, with JPM out front at +1.22 points.

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

+7.7 pts from 60 gainers−0.4 pts from 16 losers

net +7.3 pts · gainers outweigh losers 17.9 to 1

Stock

Points

Return

XLFsum of all 76 stocks

+7.3

+14.36%

JPMJPMORGAN CHASE + CO

+1.2

+20.59%

VVISA INC CLASS A SHARES

+1.0

+25.25%

MAMASTERCARD INC A

+0.6

+20.54%

BACBANK OF AMERICA CORP

+0.6

+26.09%

MSMORGAN STANLEY

+0.4

+29.09%

GSGOLDMAN SACHS GROUP INC

+0.4

+18.49%

CCITIGROUP INC

+0.3

+22.20%

SCHWSCHWAB (CHARLES) CORP

+0.2

+21.00%

BNYBANK OF NEW YORK MELLON CORP

+0.2

+40.97%

HOODROBINHOOD MARKETS INC A

+0.2

+52.73%

BXBLACKSTONE INC

+0.2

+24.34%

XYZBLOCK INC

+0.1

+62.18%

COFCAPITAL ONE FINANCIAL CORP

+0.1

+10.55%

STTSTATE STREET CORP

+0.1

+53.41%

AJGARTHUR J GALLAGHER + CO

+0.1

+25.12%

46 othersclick to expand the full index

+1.9

LLOEWS CORP

−0.0

+1.46%

CBOECBOE GLOBAL MARKETS INC

−0.0

+6.02%

HBANHUNTINGTON BANCSHARES INC

−0.0

+1.54%

TFCTRUIST FINANCIAL CORP

−0.0

+2.38%

AFLAFLAC INC

−0.0

+3.85%

WRBWR BERKLEY CORP

−0.0

−2.54%

ACGLARCH CAPITAL GROUP LTD

−0.0

+1.39%

AIGAMERICAN INTERNATIONAL GROUP

−0.0

−3.12%

CBCHUBB LTD

−0.0

+2.47%

HIGHARTFORD INSURANCE GROUP INC

−0.0

−0.76%

FISVFISERV INC

−0.0

−11.31%

FISFIDELITY NATIONAL INFO SERV

−0.0

−14.17%

WFCWELLS FARGO + CO

−0.0

+0.85%

BRK-BBERKSHIRE HATHAWAY INC CL B

−0.1

+1.95%

CMECME GROUP INC

−0.1

−10.51%

Cap weighting, illustrated

JPMORGAN CHASE + CO and GLOBE LIFE INC moved almost identically (+20.59% vs +21.37%), yet JPM moved the XLF 119.6× 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 +7.32 pt move · cell size = points contributed · color = direction, intensity = return

JPM+1.2 pts(+20.6%)

V+1.0 pts(+25.3%)

MA+0.6 pts(+20.5%)

BAC+0.6 pts(+26.1%)

MS+0.4 pts(+29.1%)

GS+0.4 pts(+18.5%)

C+0.3 pts(+22.2%)

SCHW+0.2 pts(+21.0%)

BNY+0.2 pts(+41.0%)

HOOD+0.2 pts(+52.7%)

BX+0.2 pts(+24.3%)

XYZ+0.1 pts

COF

STT

CME−0.1 pts

AJG+0.1 pts

APO

PYPL

SPGI+0.1 pts

BRK-B−0.1 pts

IBKR

KKR

TRV

USB

ALL

MCO

ARES

NDAQ

AXP

AON

PRU

MRSH

WFC

TROW

Concentration curve

cumulative share of the +7.32 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−20%0%+20%+40%+60%

From −14.17% (FIS) to +62.18% (XYZ). Equal-weight, the XLF would be +17.45% vs the actual +14.36%; the gap is what cap weighting did.

By sector

point contribution · sums to +7.32 pts

-76

+7.3

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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