XLP · WMTMT

Feb 24Apr 10May 26Jul 13Aug 25

Breadth

21 / 34

stocks fell with the index

Concentration

100%+

of the decline from MNST, WMT, PG

Biggest driver

MNST −2.99

MONSTER BEVERAGE CORP, −43.03%

Biggest offset

TGT +1.22

TARGET CORP, +42.82%

What drove it

34 members · detractors first · 6M · residual 195.8bp exceeds 60bp gate

The XLP fell 3.60% (−3.23 pts) over the past six months, and more than all of that decline came from just three stocks: MNST, WMT, PG.

Read the latest market-close note: Nvidia and Goldman Sachs Lead a Narrow Advance as Energy and Staples Slide

+3.2 pts from 7 gainers−9.6 pts from 27 losers

net −3.2 pts · losers outweigh gainers 3.0 to 1

Stock

Points

Return

XLPsum of all 34 stocks

−3.2

−3.60%

MNSTMONSTER BEVERAGE CORP

−3.0

−43.03%

WMTWALMART INC

−1.8

−16.53%

PGPROCTER + GAMBLE CO/THE

−0.8

−11.37%

PEPPEPSICO INC

−0.6

−14.45%

SYYSYSCO CORP

−0.5

−5.83%

DGDOLLAR GENERAL CORP

−0.4

−19.97%

HSYHERSHEY CO/THE

−0.4

−18.10%

KRKROGER CO

−0.3

−15.71%

MKCMCCORMICK + CO NON VTG SHRS

−0.2

−21.45%

CLCOLGATE PALMOLIVE CO

−0.2

−6.32%

ELESTEE LAUDER COMPANIES CL A

−0.2

−8.40%

STZCONSTELLATION BRANDS INC A

−0.2

−15.07%

CLXCLOROX COMPANY

−0.2

−16.06%

GISGENERAL MILLS INC

−0.1

−10.92%

BGBUNGE GLOBAL SA

−0.1

−8.26%

TSNTYSON FOODS INC CL A

−0.1

−8.37%

CHDCHURCH + DWIGHT CO INC

−0.1

−2.10%

COSTCOSTCO WHOLESALE CORP

−0.1

−3.71%

MDLZMONDELEZ INTERNATIONAL INC A

−0.1

+4.84%

HRLHORMEL FOODS CORP

−0.1

−6.55%

PMPHILIP MORRIS INTERNATIONAL

−0.1

+5.50%

KHCKRAFT HEINZ CO/THE

−0.0

+5.68%

TAPMOLSON COORS BEVERAGE CO B

−0.0

−13.90%

KMBKIMBERLY CLARK CORP

−0.0

+2.45%

BF-BBROWN FORMAN CORP CLASS B

−0.0

−5.69%

KVUEKENVUE INC

−0.0

+3.10%

DLTRDOLLAR TREE INC

−0.0

+2.10%

KDPKEURIG DR PEPPER INC

+0.1

+4.22%

SJMJM SMUCKER CO/THE

+0.1

+16.10%

MOALTRIA GROUP INC

+0.2

+1.45%

CASYCASEY S GENERAL STORES INC

+0.2

+21.13%

ADMARCHER DANIELS MIDLAND CO

+0.3

+17.16%

KOCOCA COLA CO/THE

+1.0

+15.07%

TGTTARGET CORP

+1.2

+42.82%

Cap weighting, illustrated

SYSCO CORP and BROWN FORMAN CORP CLASS B moved almost identically (−5.83% vs −5.69%), yet SYY moved the XLP 28.7× 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 −3.23 pt move · cell size = points contributed · color = direction, intensity = return

MNST−3.0 pts(−43.0%)

WMT−1.8 pts(−16.5%)

TGT+1.2 pts(+42.8%)

KO+1.0 pts(+15.1%)

PG−0.8 pts(−11.4%)

PEP−0.6 pts(−14.5%)

SYY−0.5 pts(−5.8%)

DG−0.4 pts(−20.0%)

HSY−0.4 pts(−18.1%)

ADM+0.3 pts(+17.2%)

KR−0.3 pts

CASY

MKC−0.2 pts(−21.5%)

MO+0.2 pts(+1.5%)

CL−0.2 pts

STZ

CLX−0.2 pts

GIS−0.1 pts

TSN−0.1 pts

KDP+0.1 pts

CHD

COST

MDLZ

KHC

TAP

Concentration curve

cumulative share of the −3.23 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−50%−25%0%+25%

From −43.03% (MNST) to +42.82% (TGT). Equal-weight, the XLP would be −2.80% vs the actual −3.60%; the gap is what cap weighting did.

By sector

point contribution · sums to −3.23 pts

-34

−6.4

The year, session by session

every trading day of 2026 · hover for the move

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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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