30 members · drivers first · QTD · residual 13.1bp within 60bp gate
The XLRE rose 3.01% (+1.32 pts) so far this quarter, but 13 of 30 members went the other way. WELL and PLD carried the tape higher, accounting for 66% of the gain.
IRON MOUNTAIN INC and FEDERAL REALTY INVS TRUST moved almost identically (−4.26% vs −3.70%), yet IRM moved the XLRE 6.8× 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 +1.32 pt move · cell size = points contributed · color = direction, intensity = return
WELL+0.3 pts(+6.2%)
PLD+0.3 pts(+5.8%)
AMT+0.3 pts(+9.2%)
CBRE+0.2 pts(+12.7%)
DLR+0.2 pts(+7.1%)
VTR+0.1 pts(+5.6%)
IRM−0.1 pts
EQIX+0.1 pts(+3.0%)
CSGP+0.1 pts(+15.9%)
SBAC+0.1 pts(+6.3%)
BXP+0.1 pts(+8.8%)
SPG−0.1 pts(−2.1%)
VMRK−0.1 pts
CCI+0.0 pts
VICI−0.0 pts
KIM−0.0 pts
MAA−0.0 pts
CPT
O+0.0 pts
UDR−0.0 pts
HST
REG
DOC
EXR
ARE
Concentration curve
cumulative share of the +1.32 pt move · sorted by contribution
When they drove it
cumulative points through the period
Breadth
member returns, this period
−10%−5%0%+5%+10%+15%
From −5.44% (CPT) to +15.85% (CSGP). Equal-weight, the XLRE would be +1.97% vs the actual +3.01%; the gap is what cap weighting did.
By sector
point contribution · sums to +1.32 pts
-30
+1.3
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
QTD · AUG 25, 2026
+3.01%
+1.3 pts · closed 45.36
17 of 30 rose · 13 fell
WELL+6.2%
+0.3
PLD+5.8%
+0.3
AMT+9.2%
+0.3
CBRE+12.7%
+0.2
DLR+7.1%
+0.2
KIM−5.1%
−0.0
VICI−0.9%
−0.0
VMRK−1.6%
−0.1
SPG−2.1%
−0.1
IRM−4.3%
−0.1
WELL carried a split tape · 13 of 30 went the other wayWMTMT.COM
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