31 members · detractors first · 2Y · residual 5745.6bp exceeds 60bp gate
The XLU fell 49.09% (−39.92 pts) over two years, but 24 of 31 members went the other way. PCG and NEE dragged the tape lower, accounting for 7% of the decline.
VISTRA CORP and PINNACLE WEST CAPITAL moved almost identically (+17.78% vs +20.42%), yet VST moved the XLU 82.6× 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 −39.92 pt move · cell size = points contributed · color = direction, intensity = return
CEG+2.4 pts(+5.4%)
VST+1.4 pts(+17.8%)
AEP+1.3 pts(+29.9%)
PCG−1.1 pts(−32.4%)
ETR+1.0 pts(+63.7%)
NEE−0.8 pts(−2.9%)
NRG+0.8 pts(+16.0%)
EIX−0.7 pts(−29.5%)
XEL+0.5 pts
PEG−0.5 pts
CNP+0.3 pts(+31.8%)
AWK−0.3 pts
SO
EXC+0.2 pts
EVRG+0.2 pts
WEC+0.2 pts
AEE+0.2 pts
ATO+0.2 pts
NI+0.2 pts
ED−0.1 pts
D
AES
LNT
SRE
Concentration curve
cumulative share of the −39.92 pt move · sorted by contribution
When they drove it
cumulative points through the period
Breadth
member returns, this period
−50%−25%0%+25%+50%
From −32.40% (PCG) to +63.68% (ETR). Equal-weight, the XLU would be +14.68% vs the actual −49.09%; the gap is what cap weighting did.
By sector
point contribution · sums to −39.92 pts
-31
+5.4
The year, session by session
every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUGSEPOCT
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Utilities · Select Sector
What moved the market
2Y · OCT 9, 2026
−49.09%
−39.9 pts · closed 41.40
24 of 31 rose · 7 fell
CEG+5.4%
+2.4
VST+17.8%
+1.4
AEP+29.9%
+1.3
ETR+63.7%
+1.0
NRG+16.0%
+0.8
AWK−5.6%
−0.3
PEG−17.0%
−0.5
EIX−29.5%
−0.7
NEE−2.9%
−0.8
PCG−32.4%
−1.1
PCG sank a split tape · 24 of 31 went the other wayWMTMT.COM
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