34 members · drivers first · 2Y · residual 303.6bp exceeds 60bp gate
The XLP rose 2.39% (+1.95 pts) over two years, but 18 of 34 members went the other way. WMT and PM carried the tape higher, contributing more than the entire move.
WALMART INC and ARCHER DANIELS MIDLAND CO moved almost identically (+39.75% vs +43.56%), yet WMT moved the XLP 11.3× 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 +1.95 pt move · cell size = points contributed · color = direction, intensity = return
WMT+2.1 pts(+39.7%)
PM+2.0 pts(+79.9%)
MO+1.4 pts(+61.4%)
KO+1.3 pts(+31.9%)
STZ−1.1 pts(−48.1%)
PEP−1.1 pts(−19.8%)
GIS−1.1 pts(−52.3%)
MNST−0.8 pts(−14.3%)
KMB−0.8 pts(−25.4%)
KVUE−0.7 pts(−14.3%)
MDLZ−0.6 pts
KHC−0.6 pts
COST+0.6 pts
PG−0.5 pts(−6.2%)
DLTR+0.5 pts(+67.3%)
CASY+0.5 pts
MKC−0.5 pts
CL−0.4 pts(−7.1%)
DG+0.4 pts(+57.3%)
CLX−0.4 pts
KR+0.3 pts
KDP
EL−0.2 pts
BF-B−0.2 pts
TGT
BG
HRL
ADM
HSY
TSN
CHD
Concentration curve
cumulative share of the +1.95 pt move · sorted by contribution
When they drove it
cumulative points through the period
Breadth
member returns, this period
−75%−25%+25%+75%
From −52.30% (GIS) to +79.91% (PM). Equal-weight, the XLP would be +4.03% vs the actual +2.39%; the gap is what cap weighting did.
By sector
point contribution · sums to +1.95 pts
-34
−0.0
The year, session by session
every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUGSEPOCT
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Consumer Staples · Select Sector
What moved the market
2Y · OCT 9, 2026
+2.39%
+1.9 pts · closed 83.42
16 of 34 rose · 18 fell
WMT+39.7%
+2.1
PM+79.9%
+2.0
MO+61.4%
+1.4
KO+31.9%
+1.3
COST+8.2%
+0.6
KMB−25.4%
−0.8
MNST−14.3%
−0.8
GIS−52.3%
−1.1
PEP−19.8%
−1.1
STZ−48.1%
−1.1
WMT carried a split tape · 18 of 34 went the other wayWMTMT.COM
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