XLRE · WMTMT

Jul 13Aug 4Aug 26Sep 17Oct 9

Breadth

27 / 30

stocks fell with the index

Concentration

26%

of the decline from O, PLD, PSA

Biggest driver

O −0.29

REALTY INCOME CORP, −15.23%

Biggest offset

AMT +0.19

AMERICAN TOWER CORP, +7.51%

What drove it

30 members · detractors first · 3M · residual 11.1bp within 60bp gate

The XLRE fell 6.90% (−3.09 pts) over the past three months in a broad selloff: 27 of 30 stocks fell, with O out front at −0.29 points.

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

+0.3 pts from 5 gainers−3.0 pts from 25 losers

net −3.1 pts · losers outweigh gainers 12.0 to 1

Stock

Points

Return

XLREsum of all 30 stocks

−3.1

−6.90%

OREALTY INCOME CORP

−0.3

−15.23%

PLDPROLOGIS INC

−0.3

−9.05%

PSAPUBLIC STORAGE

−0.2

−9.94%

VMRKVIVMARK RESIDENTIAL

−0.2

−12.29%

VTRVENTAS INC

−0.2

−10.89%

SPGSIMON PROPERTY GROUP INC

−0.2

−9.14%

VICIVICI PROPERTIES INC

−0.2

−13.33%

WELLWELLTOWER INC

−0.1

−3.52%

WYWEYERHAEUSER CO

−0.1

−18.39%

EXREXTRA SPACE STORAGE INC

−0.1

−7.34%

IRMIRON MOUNTAIN INC

−0.1

−6.39%

EQIXEQUINIX INC

−0.1

−0.82%

MAAMID AMERICA APARTMENT COMM

−0.1

−13.01%

CBRECBRE GROUP INC A

−0.1

−5.22%

CPTCAMDEN PROPERTY TRUST

−0.1

−14.50%

INVHINVITATION HOMES INC

−0.1

−10.99%

UDRUDR INC

−0.1

−14.49%

DOCHEALTHPEAK PROPERTIES INC

−0.1

−13.96%

ESSESSEX PROPERTY TRUST INC

−0.1

−8.72%

KIMKIMCO REALTY CORP

−0.1

−11.73%

FRTFEDERAL REALTY INVS TRUST

−0.1

−12.87%

REGREGENCY CENTERS CORP

−0.0

−9.87%

BXPBXP INC

−0.0

−11.52%

SBACSBA COMMUNICATIONS CORP

−0.0

−1.79%

DLRDIGITAL REALTY TRUST INC

−0.0

+0.50%

HSTHOST HOTELS + RESORTS INC

+0.0

−1.82%

CCICROWN CASTLE INC

+0.0

−0.25%

AREALEXANDRIA REAL ESTATE EQUIT

+0.0

−5.30%

CSGPCOSTAR GROUP INC

+0.0

+3.13%

AMTAMERICAN TOWER CORP

+0.2

+7.51%

Cap weighting, illustrated

PROLOGIS INC and REGENCY CENTERS CORP moved almost identically (−9.05% vs −9.87%), yet PLD moved the XLRE 5.2× 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 −3.09 pt move · cell size = points contributed · color = direction, intensity = return

O−0.3 pts(−15.2%)

PLD−0.3 pts(−9.1%)

PSA−0.2 pts(−9.9%)

VMRK−0.2 pts(−12.3%)

VTR−0.2 pts(−10.9%)

AMT+0.2 pts(+7.5%)

SPG−0.2 pts(−9.1%)

VICI−0.2 pts(−13.3%)

WELL−0.1 pts(−3.5%)

WY−0.1 pts

EXR−0.1 pts(−7.3%)

IRM−0.1 pts

EQIX−0.1 pts

MAA−0.1 pts(−13.0%)

CBRE−0.1 pts(−5.2%)

CPT−0.1 pts

INVH−0.1 pts

UDR−0.1 pts

DOC−0.1 pts(−14.0%)

ESS−0.1 pts(−8.7%)

KIM−0.1 pts(−11.7%)

FRT−0.1 pts

REG−0.0 pts

BXP−0.0 pts

CSGP+0.0 pts

SBAC−0.0 pts

DLR

Concentration curve

cumulative share of the −3.09 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−20%−15%−10%−5%0%+5%

From −18.39% (WY) to +7.51% (AMT). Equal-weight, the XLRE would be −7.52% vs the actual −6.90%; the gap is what cap weighting did.

By sector

point contribution · sums to −3.09 pts

-30

−2.8

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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