83 members · drivers first · 6M · residual 87.5bp exceeds 60bp gate
The XLI rose 0.80% (+1.42 pts) over the past six months, but 40 of 83 members went the other way. FDX and ADP carried the tape higher, contributing more than the entire move.
CATERPILLAR INC and QUANTA SERVICES INC moved almost identically (+5.76% vs +6.25%), yet CAT moved the XLI 24.6× 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 +1.42 pt move · cell size = points contributed · color = direction, intensity = return
FDX+1.2 pts(+33.5%)
ADP+1.1 pts(+39.6%)
NOC−0.9 pts(−25.1%)
BA−0.8 pts(−9.6%)
LMT−0.7 pts(−15.2%)
UBER+0.7 pts
CAT+0.6 pts
HON−0.6 pts(−14.7%)
HONA−0.6 pts(−27.2%)
ETN+0.6 pts(+9.9%)
LHX−0.6 pts
UNP+0.6 pts
AXON+0.5 pts
CSX+0.5 pts
URI+0.5 pts(+17.5%)
GEV+0.4 pts(+5.4%)
PAYX+0.4 pts(+43.1%)
TDG−0.3 pts(−7.8%)
GWW+0.3 pts(+15.8%)
OTIS−0.3 pts
RTX+0.3 pts
IR
FAST
ROL−0.2 pts
PNR−0.2 pts
EXPD
LUV
UPS−0.2 pts
LII−0.2 pts
LDOS
DAL
GD
BLDR
WAB
HUBB
NSC
TXT
VRT
DD
PH
JBHT
GNRC
UAL
VLTO
Concentration curve
cumulative share of the +1.42 pt move · sorted by contribution
When they drove it
cumulative points through the period
Breadth
member returns, this period
−40%−20%0%+20%+40%
From −39.52% (ROL) to +43.13% (PAYX). Equal-weight, the XLI would be +0.40% vs the actual +0.80%; the gap is what cap weighting did.
By sector
point contribution · sums to +1.42 pts
-83
+1.3
The year, session by session
every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUG
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Industrials · Select Sector
What moved the market
6M · AUG 25, 2026
+0.80%
+1.4 pts · closed 178.40
43 of 83 rose · 40 fell
FDX+33.5%
+1.2
ADP+39.6%
+1.1
UBER+12.6%
+0.7
CAT+5.8%
+0.6
ETN+9.9%
+0.6
HONA−27.2%
−0.6
HON−14.7%
−0.6
LMT−15.2%
−0.7
BA−9.6%
−0.8
NOC−25.1%
−0.9
FDX carried a split tape · 40 of 83 went the other wayWMTMT.COM
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