31 members · detractors first · 5Y · residual 8598.4bp exceeds 60bp gate
The XLU fell 35.20% (−22.49 pts) over five years, but 28 of 31 members went the other way. NEE and D dragged the tape lower, accounting for 8% of the decline.
SOUTHERN CO/THE and PINNACLE WEST CAPITAL moved almost identically (+67.23% vs +69.03%), yet SO moved the XLU 12.1× 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 −22.49 pt move · cell size = points contributed · color = direction, intensity = return
CEG+7.1 pts(+483.2%)
VST+3.5 pts(+941.5%)
SO+2.1 pts(+67.2%)
AEP+1.9 pts(+79.2%)
NRG+1.6 pts(+201.6%)
ETR+1.5 pts(+146.3%)
DUK+1.1 pts(+42.7%)
SRE+0.9 pts(+50.8%)
XEL+0.9 pts(+37.5%)
ATO+0.8 pts(+104.8%)
EXC+0.7 pts(+46.4%)
NEE−0.7 pts
PEG+0.6 pts
ED+0.6 pts
D
CNP+0.6 pts(+74.7%)
AWK−0.6 pts(−15.3%)
NI+0.5 pts
WEC+0.5 pts
PCG
FE
PPL
AEE+0.3 pts
ES−0.3 pts
EVRG
AES
LNT
PNW
Concentration curve
cumulative share of the −22.49 pt move · sorted by contribution
When they drove it
cumulative points through the period
Breadth
member returns, this period
−100%+100%+300%+500%+700%+900%
From −21.20% (AES) to +941.52% (VST). Equal-weight, the XLU would be +78.73% vs the actual −35.20%; the gap is what cap weighting did.
By sector
point contribution · sums to −22.49 pts
-31
+25.3
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
5Y · OCT 9, 2026
−35.20%
−22.5 pts · closed 41.40
28 of 31 rose · 3 fell
CEG+483.2%
+7.1
VST+941.5%
+3.5
SO+67.2%
+2.1
AEP+79.2%
+1.9
NRG+201.6%
+1.6
AES−21.2%
−0.2
ES−2.7%
−0.3
AWK−15.3%
−0.6
D+5.6%
−0.6
NEE+10.9%
−0.7
NEE sank a split tape · 28 of 31 went the other wayWMTMT.COM
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