34 members · drivers first · 2Y · residual 266.7bp exceeds 60bp gate
The XLP rose 6.57% (+5.33 pts) over two years, but 17 of 34 members went the other way. WMT and PM carried the tape higher, contributing more than the entire move.
COSTCO WHOLESALE CORP and JM SMUCKER CO/THE moved almost identically (+10.59% vs +10.86%), yet COST moved the XLP 14.5× 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 +5.33 pt move · cell size = points contributed · color = direction, intensity = return
WMT+2.4 pts(+43.6%)
PM+2.0 pts(+75.5%)
KO+1.9 pts(+39.8%)
COST+1.3 pts(+10.6%)
MO+1.2 pts(+52.2%)
PEP−1.1 pts(−12.8%)
PG−1.0 pts(−10.6%)
STZ−1.0 pts(−42.0%)
CASY+0.9 pts
GIS−0.8 pts(−38.2%)
KVUE−0.7 pts
KMB−0.6 pts
MDLZ−0.6 pts(−5.5%)
KHC−0.5 pts(−19.6%)
MNST+0.4 pts
TSN
CL−0.3 pts
KR+0.3 pts
HSY+0.3 pts
MKC−0.3 pts
DG
TGT
ADM
CLX
BF-B
DLTR+0.2 pts
EL
Concentration curve
cumulative share of the +5.33 pt move · sorted by contribution
When they drove it
cumulative points through the period
Breadth
member returns, this period
−50%0%+50%+100%
From −42.01% (STZ) to +121.71% (CASY). Equal-weight, the XLP would be +10.21% vs the actual +6.57%; the gap is what cap weighting did.
By sector
point contribution · sums to +5.33 pts
-34
+3.6
The year, session by session
every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUG
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Consumer Staples · Select Sector
What moved the market
2Y · AUG 25, 2026
+6.57%
+5.3 pts · closed 86.51
17 of 34 rose · 17 fell
WMT+43.6%
+2.4
PM+75.5%
+2.0
KO+39.8%
+1.9
COST+10.6%
+1.3
MO+52.2%
+1.2
KVUE−3.4%
−0.7
GIS−38.2%
−0.8
STZ−42.0%
−1.0
PG−10.6%
−1.0
PEP−12.8%
−1.1
WMT carried a split tape · 17 of 34 went the other wayWMTMT.COM
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