XLRE · WMTMT

Dec 31Mar 3Apr 29Jun 29Aug 25

Breadth

23 / 30

stocks rose with the index

Concentration

55%

of the gain from WELL, EQIX, PLD

Biggest driver

WELL +1.38

WELLTOWER INC, +30.82%

Biggest drag

CSGP −0.67

COSTAR GROUP INC, −51.20%

What drove it

30 members · drivers first · YTD · residual 120.3bp exceeds 60bp gate

The XLRE rose 12.40% (+5.00 pts) so far this year in a broad advance: 23 of 30 stocks rose, with WELL out front at +1.38 points.

Read the latest market-close note: Nvidia and Goldman Sachs Lead a Narrow Advance as Energy and Staples Slide

+6.5 pts from 23 gainers−1.2 pts from 7 losers

net +5.0 pts · gainers outweigh losers 5.3 to 1

Stock

Points

Return

XLREsum of all 30 stocks

+5.0

+12.40%

WELLWELLTOWER INC

+1.4

+30.82%

EQIXEQUINIX INC

+0.9

+41.54%

PLDPROLOGIS INC

+0.5

+14.01%

SPGSIMON PROPERTY GROUP INC

+0.5

+20.89%

IRMIRON MOUNTAIN INC

+0.5

+47.96%

VTRVENTAS INC

+0.4

+22.72%

PSAPUBLIC STORAGE

+0.4

+26.84%

OREALTY INCOME CORP

+0.3

+14.41%

DLRDIGITAL REALTY TRUST INC

+0.2

+25.96%

DOCHEALTHPEAK PROPERTIES INC

+0.2

+39.26%

KIMKIMCO REALTY CORP

+0.2

+21.26%

HSTHOST HOTELS + RESORTS INC

+0.2

+32.18%

ESSESSEX PROPERTY TRUST INC

+0.2

+14.92%

EXREXTRA SPACE STORAGE INC

+0.1

+13.79%

INVHINVITATION HOMES INC

+0.1

+11.11%

REGREGENCY CENTERS CORP

+0.1

+13.28%

FRTFEDERAL REALTY INVS TRUST

+0.1

+20.55%

BXPBXP INC

+0.1

+9.51%

AREALEXANDRIA REAL ESTATE EQUIT

+0.1

+11.33%

UDRUDR INC

+0.1

+6.64%

CPTCAMDEN PROPERTY TRUST

+0.0

+0.33%

MAAMID AMERICA APARTMENT COMM

+0.0

−2.72%

AMTAMERICAN TOWER CORP

+0.0

+3.77%

SBACSBA COMMUNICATIONS CORP

−0.0

−1.77%

WYWEYERHAEUSER CO

−0.0

+4.95%

VMRKVIVMARK RESIDENTIAL

−0.1

−1.57%

VICIVICI PROPERTIES INC

−0.1

−3.34%

CBRECBRE GROUP INC A

−0.1

−5.63%

CCICROWN CASTLE INC

−0.3

−12.06%

CSGPCOSTAR GROUP INC

−0.7

−51.20%

Cap weighting, illustrated

WELLTOWER INC and HOST HOTELS + RESORTS INC moved almost identically (+30.82% vs +32.18%), yet WELL moved the XLRE 8.4× 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 +5.00 pt move · cell size = points contributed · color = direction, intensity = return

WELL+1.4 pts(+30.8%)

EQIX+0.9 pts(+41.5%)

CSGP−0.7 pts(−51.2%)

PLD+0.5 pts(+14.0%)

SPG+0.5 pts(+20.9%)

IRM+0.5 pts(+48.0%)

VTR+0.4 pts(+22.7%)

PSA+0.4 pts(+26.8%)

O+0.3 pts(+14.4%)

CCI−0.3 pts

DLR

DOC+0.2 pts(+39.3%)

KIM+0.2 pts

HST+0.2 pts

ESS+0.2 pts

EXR+0.1 pts

INVH+0.1 pts

REG

FRT

BXP

CBRE

ARE

UDR

VICI

VMRK

Concentration curve

cumulative share of the +5.00 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 −51.20% (CSGP) to +47.96% (IRM). Equal-weight, the XLRE would be +12.69% vs the actual +12.40%; the gap is what cap weighting did.

By sector

point contribution · sums to +5.00 pts

-30

+5.3

The year, session by session

every trading day of 2026 · hover for the move

JANFEBMARAPRMAYJUNJULAUG

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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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