30 members · detractors first · 5Y · residual 1588.7bp exceeds 60bp gate
The XLRE fell 3.25% (−1.53 pts) over five years, but 17 of 30 members went the other way. CCI and AMT dragged the tape lower, contributing more than the entire move.
PROLOGIS INC and FEDERAL REALTY INVS TRUST moved almost identically (+23.53% vs +24.53%), yet PLD moved the XLRE 20.4× 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 −1.53 pt move · cell size = points contributed · color = direction, intensity = return
WELL+3.2 pts(+216.4%)
CCI−2.2 pts(−50.8%)
AMT−2.1 pts(−27.1%)
SPG+1.2 pts(+123.1%)
IRM+1.1 pts(+222.0%)
SBAC−1.1 pts(−43.6%)
CBRE+1.1 pts(+63.3%)
ARE−1.1 pts(−68.0%)
CSGP−0.7 pts
DLR+0.7 pts
VTR+0.6 pts(+97.1%)
EQIX+0.6 pts(+42.5%)
DOC−0.4 pts(−18.3%)
HST+0.4 pts
PLD+0.4 pts
PSA
MAA
KIM
O
UDR−0.2 pts
REG+0.2 pts
EXR
CPT
VICI
Concentration curve
cumulative share of the −1.53 pt move · sorted by contribution
When they drove it
cumulative points through the period
Breadth
member returns, this period
−100%0%+100%+200%
From −68.03% (ARE) to +222.01% (IRM). Equal-weight, the XLRE would be +19.17% vs the actual −3.25%; the gap is what cap weighting did.
By sector
point contribution · sums to −1.53 pts
-30
+1.2
The year, session by session
every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUG
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Real Estate · Select Sector
What moved the market
5Y · AUG 25, 2026
−3.25%
−1.5 pts · closed 45.36
17 of 30 rose · 13 fell
WELL+216.4%
+3.2
SPG+123.1%
+1.2
IRM+222.0%
+1.1
CBRE+63.3%
+1.1
DLR+41.2%
+0.7
CSGP−60.6%
−0.7
ARE−68.0%
−1.1
SBAC−43.6%
−1.1
AMT−27.1%
−2.1
CCI−50.8%
−2.2
CCI sank a split tape · 17 of 30 went the other wayWMTMT.COM
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