XLP · WMTMT

Oct 4, 2023Jul 9, 2024Apr 9, 2025Jan 7, 2026Oct 9, 2026

Breadth

21 / 34

stocks rose with the index

Concentration

75%

of the gain from WMT, COST, PM

Biggest driver

WMT +4.61

WALMART INC, +113.60%

Biggest drag

MNST −1.91

MONSTER BEVERAGE CORP, −16.61%

What drove it

34 members · drivers first · 3Y · residual 343.6bp exceeds 60bp gate

The XLP rose 21.97% (+15.03 pts) over three years, and 75% of that gain came from just three stocks: WMT, COST, PM.

Read the latest market-close note: Goldman and Microsoft Push the Dow to a Large Gain While Telecoms Sink Communication Services

+22.4 pts from 19 gainers−8.4 pts from 15 losers

net +15.0 pts · gainers outweigh losers 2.7 to 1

Stock

Points

Return

XLPsum of all 34 stocks

+15.0

+21.97%

WMTWALMART INC

+4.6

+113.60%

COSTCOSTCO WHOLESALE CORP

+3.6

+72.00%

PMPHILIP MORRIS INTERNATIONAL

+3.0

+147.10%

KOCOCA COLA CO/THE

+2.8

+73.38%

MOALTRIA GROUP INC

+2.0

+111.95%

CLCOLGATE PALMOLIVE CO

+1.3

+33.41%

PGPROCTER + GAMBLE CO/THE

+1.1

+11.27%

TGTTARGET CORP

+1.0

+59.84%

KRKROGER CO

+0.9

+45.57%

CASYCASEY S GENERAL STORES INC

+0.8

+140.11%

SYYSYSCO CORP

+0.4

+30.72%

CHDCHURCH + DWIGHT CO INC

+0.3

+10.12%

KDPKEURIG DR PEPPER INC

+0.2

+8.54%

DGDOLLAR GENERAL CORP

+0.1

+26.25%

SJMJM SMUCKER CO/THE

+0.1

+10.84%

KMBKIMBERLY CLARK CORP

+0.1

−9.94%

VYLRVYLOR INC

+0.1

+7.27%

ADMARCHER DANIELS MIDLAND CO

+0.0

+19.52%

HSYHERSHEY CO/THE

+0.0

−11.24%

TSNTYSON FOODS INC CL A

−0.1

+21.39%

CLXCLOROX COMPANY

−0.1

−29.52%

MDLZMONDELEZ INTERNATIONAL INC A

−0.2

−4.63%

DLTRDOLLAR TREE INC

−0.2

+13.24%

BGBUNGE GLOBAL SA

−0.3

+6.56%

BF-BBROWN FORMAN CORP CLASS B

−0.3

−50.98%

HRLHORMEL FOODS CORP

−0.4

−43.66%

KVUEKENVUE INC

−0.4

+0.21%

KHCKRAFT HEINZ CO/THE

−0.4

−22.39%

MKCMCCORMICK + CO NON VTG SHRS

−0.5

−27.98%

ELESTEE LAUDER COMPANIES CL A

−0.6

−27.46%

GISGENERAL MILLS INC

−0.7

−42.30%

STZCONSTELLATION BRANDS INC A

−1.1

−47.86%

PEPPEPSICO INC

−1.2

−17.79%

MNSTMONSTER BEVERAGE CORP

−1.9

−16.61%

Cap weighting, illustrated

PROCTER + GAMBLE CO/THE and JM SMUCKER CO/THE moved almost identically (+11.27% vs +10.84%), yet PG moved the XLP 12.5× 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 +15.03 pt move · cell size = points contributed · color = direction, intensity = return

WMT+4.6 pts(+113.6%)

COST+3.6 pts(+72.0%)

PM+3.0 pts(+147.1%)

KO+2.8 pts(+73.4%)

MO+2.0 pts(+111.9%)

MNST−1.9 pts(−16.6%)

CL+1.3 pts

PEP−1.2 pts(−17.8%)

PG+1.1 pts(+11.3%)

STZ−1.1 pts(−47.9%)

TGT+1.0 pts(+59.8%)

KR+0.9 pts(+45.6%)

CASY+0.8 pts

GIS−0.7 pts

EL−0.6 pts

MKC

KHC

KVUE−0.4 pts

SYY+0.4 pts

HRL

BF-B

CHD+0.3 pts

DLTR

MDLZ

Concentration curve

cumulative share of the +15.03 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−75%−25%+25%+75%+125%

From −50.98% (BF-B) to +147.10% (PM). Equal-weight, the XLP would be +18.47% vs the actual +21.97%; the gap is what cap weighting did.

By sector

point contribution · sums to +15.03 pts

-34

+14.0

The year, session by session

every trading day of 2026 · hover for the move

JANFEBMARAPRMAYJUNJULAUGSEPOCT

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What drove it

Attribution map

Concentration curve

When they drove it

Breadth

By sector

The year, session by session

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