XLRE · WMTMT

Sep 10Sep 17Sep 25Oct 2Oct 9

Breadth

22 / 30

stocks fell with the index

Concentration

37%

of the decline from WELL, VTR, O

Biggest driver

WELL −0.20

WELLTOWER INC, −4.35%

Biggest offset

AMT +0.15

AMERICAN TOWER CORP, +6.50%

What drove it

30 members · detractors first · 1M · residual 99.5bp exceeds 60bp gate

The XLRE fell 3.33% (−1.43 pts) on the month in a broad selloff: 22 of 30 stocks fell, with WELL out front at −0.20 points.

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

+0.4 pts from 8 gainers−1.4 pts from 22 losers

net −1.4 pts · losers outweigh gainers 3.9 to 1

Stock

Points

Return

XLREsum of all 30 stocks

−1.4

−3.33%

WELLWELLTOWER INC

−0.2

−4.35%

VTRVENTAS INC

−0.2

−8.74%

OREALTY INCOME CORP

−0.2

−8.61%

PLDPROLOGIS INC

−0.1

−3.04%

CBRECBRE GROUP INC A

−0.1

−5.19%

WYWEYERHAEUSER CO

−0.1

−13.12%

VMRKVIVMARK RESIDENTIAL

−0.1

−4.85%

VICIVICI PROPERTIES INC

−0.1

−5.72%

DLRDIGITAL REALTY TRUST INC

−0.1

−2.88%

DOCHEALTHPEAK PROPERTIES INC

−0.1

−8.63%

SPGSIMON PROPERTY GROUP INC

−0.0

−2.57%

MAAMID AMERICA APARTMENT COMM

−0.0

−6.13%

KIMKIMCO REALTY CORP

−0.0

−4.83%

BXPBXP INC

−0.0

−5.84%

FRTFEDERAL REALTY INVS TRUST

−0.0

−6.57%

PSAPUBLIC STORAGE

−0.0

−0.61%

AREALEXANDRIA REAL ESTATE EQUIT

−0.0

−6.74%

REGREGENCY CENTERS CORP

−0.0

−3.36%

CPTCAMDEN PROPERTY TRUST

−0.0

−3.71%

UDRUDR INC

−0.0

−2.56%

INVHINVITATION HOMES INC

−0.0

−1.66%

EXREXTRA SPACE STORAGE INC

−0.0

−0.15%

EQIXEQUINIX INC

+0.0

+0.22%

SBACSBA COMMUNICATIONS CORP

+0.0

+0.59%

CSGPCOSTAR GROUP INC

+0.0

+0.61%

ESSESSEX PROPERTY TRUST INC

+0.0

+1.03%

HSTHOST HOTELS + RESORTS INC

+0.0

+3.22%

IRMIRON MOUNTAIN INC

+0.0

+2.24%

CCICROWN CASTLE INC

+0.1

+9.37%

AMTAMERICAN TOWER CORP

+0.1

+6.50%

Cap weighting, illustrated

WELLTOWER INC and CAMDEN PROPERTY TRUST moved almost identically (−4.35% vs −3.71%), yet WELL moved the XLRE 11.8× 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 −1.43 pt move · cell size = points contributed · color = direction, intensity = return

WELL−0.2 pts(−4.4%)

VTR−0.2 pts(−8.7%)

O−0.2 pts(−8.6%)

AMT+0.1 pts(+6.5%)

CCI+0.1 pts(+9.4%)

PLD−0.1 pts(−3.0%)

CBRE−0.1 pts(−5.2%)

WY−0.1 pts(−13.1%)

VMRK−0.1 pts(−4.9%)

VICI−0.1 pts(−5.7%)

DLR−0.1 pts

DOC−0.1 pts

SPG−0.0 pts(−2.6%)

MAA−0.0 pts

IRM+0.0 pts

KIM−0.0 pts

BXP−0.0 pts

FRT−0.0 pts

PSA−0.0 pts

ARE

HST

CPT−0.0 pts

ESS+0.0 pts

UDR

INVH

EXR

Concentration curve

cumulative share of the −1.43 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−15%−10%−5%0%+5%

From −13.12% (WY) to +9.37% (CCI). Equal-weight, the XLRE would be −2.63% vs the actual −3.33%; the gap is what cap weighting did.

By sector

point contribution · sums to −1.43 pts

-30

−1.1

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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