30 members · drivers first · 1Y · residual 199.4bp exceeds 60bp gate
The XLRE rose 0.71% (+0.30 pts) over the past year, but 15 of 30 members went the other way. WELL and EQIX carried the tape higher, contributing more than the entire move.
KIMCO REALTY CORP and ESSEX PROPERTY TRUST INC moved almost identically (+7.78% vs +6.70%), yet KIM moved the XLRE 11.9× 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 +0.30 pt move · cell size = points contributed · color = direction, intensity = return
WELL+1.5 pts(+34.7%)
EQIX+1.2 pts(+29.8%)
CSGP−1.1 pts(−62.4%)
CBRE−0.6 pts(−13.8%)
VTR+0.5 pts(+22.9%)
SPG+0.4 pts
VICI−0.3 pts(−23.6%)
CCI−0.3 pts(−14.4%)
IRM+0.3 pts(+11.5%)
WY−0.3 pts(−20.6%)
ARE−0.2 pts(−36.8%)
AMT+0.2 pts
VMRK−0.2 pts
HST+0.2 pts(+44.8%)
PLD+0.2 pts(+14.1%)
KIM+0.1 pts
BXP−0.1 pts
O
MAA
SBAC
REG
Concentration curve
cumulative share of the +0.30 pt move · sorted by contribution
When they drove it
cumulative points through the period
Breadth
member returns, this period
−75%−50%−25%0%+25%
From −62.44% (CSGP) to +44.83% (HST). Equal-weight, the XLRE would be −0.10% vs the actual +0.71%; the gap is what cap weighting did.
By sector
point contribution · sums to +0.30 pts
-30
+1.4
The year, session by session
every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUGSEPOCT
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Real Estate · Select Sector
What moved the market
1Y · OCT 9, 2026
+0.71%
+0.3 pts · closed 41.62
15 of 30 rose · 15 fell
WELL+34.7%
+1.5
EQIX+29.8%
+1.2
VTR+22.9%
+0.5
SPG+15.8%
+0.4
IRM+11.5%
+0.3
WY−20.6%
−0.3
CCI−14.4%
−0.3
VICI−23.6%
−0.3
CBRE−13.8%
−0.6
CSGP−62.4%
−1.1
WELL carried a split tape · 15 of 30 went the other wayWMTMT.COM
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