XLF · WMTMT

Apr 10May 27Jul 13Aug 26Oct 9

Breadth

56 / 76

stocks rose with the index

Concentration

48%

of the gain from V, JPM, MA

Biggest driver

V +0.90

VISA INC CLASS A SHARES, +26.90%

Biggest drag

FISV −0.12

FISERV INC, −18.65%

What drove it

76 members · drivers first · 6M · residual 34.3bp within 60bp gate

The XLF rose 7.80% (+3.96 pts) over the past six months in a broad advance: 56 of 76 stocks rose, with V out front at +0.90 points.

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

+4.6 pts from 54 gainers−0.6 pts from 22 losers

net +4.0 pts · gainers outweigh losers 7.5 to 1

Stock

Points

Return

XLFsum of all 76 stocks

+4.0

+7.80%

VVISA INC CLASS A SHARES

+0.9

+26.90%

JPMJPMORGAN CHASE + CO

+0.6

+7.46%

MAMASTERCARD INC A

+0.4

+18.16%

BRK-BBERKSHIRE HATHAWAY INC CL B

+0.3

+7.41%

BACBANK OF AMERICA CORP

+0.3

+4.65%

HOODROBINHOOD MARKETS INC A

+0.2

+57.57%

CCITIGROUP INC

+0.2

+4.71%

MSMORGAN STANLEY

+0.1

+7.52%

METMETLIFE INC

+0.1

+34.06%

BNYBANK OF NEW YORK MELLON CORP

+0.1

+12.34%

GSGOLDMAN SACHS GROUP INC

+0.1

−0.95%

TRVTRAVELERS COS INC/THE

+0.1

+24.56%

STTSTATE STREET CORP

+0.1

+26.11%

IBKRINTERACTIVE BROKERS GRO CL A

+0.1

+23.52%

APOAPOLLO GLOBAL MANAGEMENT INC

+0.1

+14.29%

46 othersclick to expand the full index

+1.0

ACGLARCH CAPITAL GROUP LTD

−0.0

−0.42%

NDAQNASDAQ INC

−0.0

+13.01%

CBCHUBB LTD

−0.0

+4.39%

TFCTRUIST FINANCIAL CORP

−0.0

−6.02%

HIGHARTFORD INSURANCE GROUP INC

−0.0

−5.48%

KKRKKR + CO INC

−0.0

+0.22%

BXBLACKSTONE INC

−0.0

+0.49%

PYPLPAYPAL HOLDINGS INC

−0.0

+23.15%

ICEINTERCONTINENTAL EXCHANGE IN

−0.0

−2.41%

FISFIDELITY NATIONAL INFO SERV

−0.0

−20.59%

COINCOINBASE GLOBAL INC CLASS A

−0.0

+6.88%

AXPAMERICAN EXPRESS CO

−0.0

−1.43%

AONAON PLC CLASS A

−0.1

−12.29%

CMECME GROUP INC

−0.1

−4.51%

FISVFISERV INC

−0.1

−18.65%

Cap weighting, illustrated

VISA INC CLASS A SHARES and FRANKLIN TEMPLETON INC moved almost identically (+26.90% vs +29.70%), yet V moved the XLF 48.3× 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 +3.96 pt move · cell size = points contributed · color = direction, intensity = return

V+0.9 pts(+26.9%)

JPM+0.6 pts(+7.5%)

MA+0.4 pts(+18.2%)

BRK-B+0.3 pts(+7.4%)

BAC+0.3 pts(+4.7%)

HOOD+0.2 pts

C+0.2 pts(+4.7%)

MS+0.1 pts(+7.5%)

FISV−0.1 pts

MET+0.1 pts(+34.1%)

BNY+0.1 pts(+12.3%)

GS+0.1 pts(−1.0%)

TRV+0.1 pts

CME−0.1 pts

IBKR+0.1 pts

APO

SCHW

PRU+0.1 pts

MCO+0.1 pts

BLK

XYZ

AON

AXP

COIN

ICE

AJG

CPAY

PNC

WFC

PYPL

SPGI

FITB

RJF

GPN

ALL

Concentration curve

cumulative share of the +3.96 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−30%−10%+10%+30%+50%

From −20.59% (FIS) to +57.57% (HOOD). Equal-weight, the XLF would be +9.66% vs the actual +7.80%; the gap is what cap weighting did.

By sector

point contribution · sums to +3.96 pts

-76

+4.0

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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