83 members · detractors first · 6M · residual 88.5bp exceeds 60bp gate
The XLI fell 1.32% (−2.27 pts) over the past six months, but 42 of 83 members went the other way. BA and NOC dragged the tape lower, contributing more than the entire move.
EATON CORP PLC and 3M CO moved almost identically (+6.90% vs +6.96%), yet ETN moved the XLI 39.3× 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 −2.27 pt move · cell size = points contributed · color = direction, intensity = return
ADP+1.2 pts(+44.6%)
BA−1.0 pts(−12.5%)
FDX+1.0 pts(+20.2%)
NOC−1.0 pts(−28.3%)
RTX−0.9 pts(−7.4%)
LHX−0.7 pts(−32.7%)
URI+0.7 pts(+37.2%)
LMT−0.7 pts(−16.4%)
HONA−0.6 pts(−28.3%)
HON−0.6 pts(−15.3%)
VRT−0.6 pts
PWR+0.5 pts
HWM−0.4 pts
JCI+0.4 pts
UBER+0.4 pts
BE
ETN+0.4 pts(+6.9%)
AXON+0.3 pts(+22.2%)
UNP+0.3 pts(+11.7%)
CTAS+0.3 pts(+16.0%)
CSX+0.3 pts(+12.2%)
TDG−0.3 pts
PCAR−0.3 pts
PAYX
ROL
EXPD
XYL
GWW
OTIS−0.2 pts
CPRT
HII
EMR+0.2 pts
FERG−0.2 pts
IR
EFX
DOV
LDOS
CARR
WM
ODFL
DAL
ROK
TXT
BR
SWK
Concentration curve
cumulative share of the −2.27 pt move · sorted by contribution
When they drove it
cumulative points through the period
Breadth
member returns, this period
−50%−25%0%+25%
From −41.66% (PNR) to +44.56% (ADP). Equal-weight, the XLI would be +0.26% vs the actual −1.32%; the gap is what cap weighting did.
By sector
point contribution · sums to −2.27 pts
-83
−2.4
The year, session by session
every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUGSEPOCT
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Industrials · Select Sector
What moved the market
6M · OCT 9, 2026
−1.32%
−2.3 pts · closed 169.25
42 of 83 rose · 41 fell
ADP+44.6%
+1.2
FDX+20.2%
+1.0
URI+37.2%
+0.7
PWR+20.6%
+0.5
JCI+10.8%
+0.4
LMT−16.4%
−0.7
LHX−32.7%
−0.7
RTX−7.4%
−0.9
NOC−28.3%
−1.0
BA−12.5%
−1.0
BA sank a split tape · 42 of 83 went the other wayWMTMT.COM
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