XLU · WMTMT

Jul 13Aug 4Aug 26Sep 17Oct 9

Breadth

28 / 31

stocks fell with the index

Concentration

34%

of the decline from NEE, SO, PCG

Biggest driver

NEE −0.81

NEXTERA ENERGY INC, −12.46%

Biggest offset

CEG +0.60

CONSTELLATION ENERGY, +15.91%

What drove it

31 members · detractors first · 3M · residual 29.6bp within 60bp gate

The XLU fell 9.46% (−4.32 pts) over the past three months in a broad selloff: 28 of 31 stocks fell, with NEE out front at −0.81 points.

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

+0.7 pts from 3 gainers−4.9 pts from 28 losers

net −4.3 pts · losers outweigh gainers 7.4 to 1

Stock

Points

Return

XLUsum of all 31 stocks

−4.3

−9.46%

NEENEXTERA ENERGY INC

−0.8

−12.46%

SOSOUTHERN CO/THE

−0.3

−9.96%

PCGP G + E CORP

−0.3

−24.44%

DDOMINION ENERGY INC

−0.3

−12.94%

SRESEMPRA

−0.3

−13.83%

EIXEDISON INTERNATIONAL

−0.3

−27.21%

DUKDUKE ENERGY CORP

−0.2

−7.23%

NRGNRG ENERGY INC

−0.2

−22.32%

AEPAMERICAN ELECTRIC POWER

−0.2

−8.75%

ETRENTERGY CORP

−0.2

−9.95%

EXCEXELON CORP

−0.2

−11.32%

DTEDTE ENERGY COMPANY

−0.2

−15.78%

XELXCEL ENERGY INC

−0.1

−8.33%

PEGPUBLIC SERVICE ENTERPRISE GP

−0.1

−10.66%

CNPCENTERPOINT ENERGY INC

−0.1

−12.02%

ATOATMOS ENERGY CORP

−0.1

−9.94%

ESEVERSOURCE ENERGY

−0.1

−12.20%

WECWEC ENERGY GROUP INC

−0.1

−9.67%

CMSCMS ENERGY CORP

−0.1

−12.86%

AEEAMEREN CORPORATION

−0.1

−9.91%

LNTALLIANT ENERGY CORP

−0.1

−13.42%

NINISOURCE INC

−0.1

−12.80%

EDCONSOLIDATED EDISON INC

−0.1

−4.33%

FEFIRSTENERGY CORP

−0.1

−6.15%

PPLPPL CORP

−0.0

−5.06%

EVRGEVERGY INC

−0.0

−5.57%

PNWPINNACLE WEST CAPITAL

−0.0

−8.14%

AWKAMERICAN WATER WORKS CO INC

−0.0

−1.39%

AESAES CORP

+0.0

+2.33%

VSTVISTRA CORP

+0.1

+2.08%

CEGCONSTELLATION ENERGY

+0.6

+15.91%

Cap weighting, illustrated

NEXTERA ENERGY INC and NISOURCE INC moved almost identically (−12.46% vs −12.80%), yet NEE moved the XLU 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 −4.32 pt move · cell size = points contributed · color = direction, intensity = return

NEE−0.8 pts(−12.5%)

CEG+0.6 pts(+15.9%)

SO−0.3 pts

PCG−0.3 pts(−24.4%)

D−0.3 pts(−12.9%)

SRE−0.3 pts(−13.8%)

EIX−0.3 pts

DUK−0.2 pts(−7.2%)

NRG−0.2 pts(−22.3%)

AEP−0.2 pts

ETR−0.2 pts(−10.0%)

EXC−0.2 pts

DTE−0.2 pts

XEL−0.1 pts(−8.3%)

PEG−0.1 pts(−10.7%)

CNP−0.1 pts

ATO

ES−0.1 pts(−12.2%)

WEC−0.1 pts(−9.7%)

CMS−0.1 pts(−12.9%)

AEE−0.1 pts(−9.9%)

LNT−0.1 pts(−13.4%)

NI−0.1 pts

ED−0.1 pts

FE−0.1 pts

VST+0.1 pts

PPL

PNW

Concentration curve

cumulative share of the −4.32 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−30%−20%−10%0%+10%

From −27.21% (EIX) to +15.91% (CEG). Equal-weight, the XLU would be −9.40% vs the actual −9.46%; the gap is what cap weighting did.

By sector

point contribution · sums to −4.32 pts

-31

−4.3

The year, session by session

every trading day of 2026 · hover for the move

JANFEBMARAPRMAYJUNJULAUGSEPOCT

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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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