XLF · WMTMT

Dec 31Mar 3Apr 29Jun 29Aug 25

Breadth

56 / 76

stocks rose with the index

Concentration

46%

of the gain from JPM, V, GS

Biggest driver

JPM +0.78

JPMORGAN CHASE + CO, +11.76%

Biggest drag

WFC −0.19

WELLS FARGO + CO, −8.05%

What drove it

76 members · drivers first · YTD · residual 68.8bp exceeds 60bp gate

The XLF rose 6.45% (+3.53 pts) so far this year in a broad advance: 56 of 76 stocks rose, with JPM out front at +0.78 points.

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

+4.7 pts from 48 gainers−1.2 pts from 28 losers

net +3.5 pts · gainers outweigh losers 3.8 to 1

Stock

Points

Return

XLFsum of all 76 stocks

+3.5

+6.45%

JPMJPMORGAN CHASE + CO

+0.8

+11.76%

VVISA INC CLASS A SHARES

+0.5

+9.94%

GSGOLDMAN SACHS GROUP INC

+0.4

+21.63%

BACBANK OF AMERICA CORP

+0.4

+15.56%

MSMORGAN STANLEY

+0.3

+23.40%

CCITIGROUP INC

+0.2

+15.33%

BNYBANK OF NEW YORK MELLON CORP

+0.2

+42.16%

MAMASTERCARD INC A

+0.2

+5.31%

SCHWSCHWAB (CHARLES) CORP

+0.2

+13.16%

STTSTATE STREET CORP

+0.1

+52.28%

IBKRINTERACTIVE BROKERS GRO CL A

+0.1

+53.00%

USBUS BANCORP

+0.1

+19.14%

PNCPNC FINANCIAL SERVICES GROUP

+0.1

+18.73%

TRVTRAVELERS COS INC/THE

+0.1

+28.43%

BLKBLACKROCK INC

+0.1

+11.23%

46 othersclick to expand the full index

+0.8

BXBLACKSTONE INC

−0.0

−5.03%

ICEINTERCONTINENTAL EXCHANGE IN

−0.0

+0.59%

BROBROWN + BROWN INC

−0.0

−7.49%

HIGHARTFORD INSURANCE GROUP INC

−0.0

+1.21%

PGRPROGRESSIVE CORP

−0.0

+3.87%

AIGAMERICAN INTERNATIONAL GROUP

−0.0

−9.58%

COINCOINBASE GLOBAL INC CLASS A

−0.1

−17.24%

FISVFISERV INC

−0.1

−21.93%

COFCAPITAL ONE FINANCIAL CORP

−0.1

−9.99%

KKRKKR + CO INC

−0.1

−15.02%

FISFIDELITY NATIONAL INFO SERV

−0.1

−37.87%

AXPAMERICAN EXPRESS CO

−0.1

−8.46%

SPGIS+P GLOBAL INC

−0.1

−12.34%

BRK-BBERKSHIRE HATHAWAY INC CL B

−0.2

+0.30%

WFCWELLS FARGO + CO

−0.2

−8.05%

Cap weighting, illustrated

JPMORGAN CHASE + CO and EVEREST GROUP LTD moved almost identically (+11.76% vs +11.98%), yet JPM moved the XLF 77.5× 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 +3.53 pt move · cell size = points contributed · color = direction, intensity = return

JPM+0.8 pts(+11.8%)

V+0.5 pts(+9.9%)

GS+0.4 pts(+21.6%)

BAC+0.4 pts(+15.6%)

MS+0.3 pts(+23.4%)

C+0.2 pts(+15.3%)

BNY+0.2 pts(+42.2%)

WFC−0.2 pts

MA+0.2 pts(+5.3%)

BRK-B−0.2 pts(+0.3%)

SCHW+0.2 pts

SPGI−0.1 pts(−12.3%)

AXP−0.1 pts(−8.5%)

STT+0.1 pts(+52.3%)

IBKR+0.1 pts

USB+0.1 pts

PNC+0.1 pts

TRV+0.1 pts

BLK+0.1 pts

FIS−0.1 pts

XYZ+0.1 pts

KKR−0.1 pts

COF−0.1 pts

ALL+0.1 pts

FISV

CPAY

COIN

AMP

AIG

MTB

PGR

CFG

PYPL

GPN

MRSH

IVZ

Concentration curve

cumulative share of the +3.53 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−50%−25%0%+25%+50%

From −37.87% (FIS) to +53.00% (IBKR). Equal-weight, the XLF would be +11.09% vs the actual +6.45%; the gap is what cap weighting did.

By sector

point contribution · sums to +3.53 pts

-76

+3.5

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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