31 members · detractors first · 5Y · residual 8007.3bp exceeds 60bp gate
The XLU fell 37.37% (−25.84 pts) over five years, but 28 of 31 members went the other way. D and AWK dragged the tape lower, accounting for 8% of the decline.
XCEL ENERGY INC and CMS ENERGY CORP moved almost identically (+29.38% vs +25.31%), yet XEL moved the XLU 18.2× 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 −25.84 pt move · cell size = points contributed · color = direction, intensity = return
CEG+6.4 pts(+444.8%)
VST+3.1 pts(+740.1%)
SO+1.9 pts(+62.3%)
NRG+1.5 pts(+198.3%)
ETR+1.4 pts(+129.8%)
AEP+1.3 pts(+61.0%)
PCG+1.0 pts(+104.6%)
SRE+0.8 pts(+47.4%)
EXC+0.8 pts(+53.5%)
DUK+0.8 pts(+36.1%)
ATO+0.7 pts(+87.8%)
D−0.7 pts(+6.3%)
AWK−0.6 pts(−16.0%)
NEE−0.6 pts
XEL
PEG+0.5 pts(+33.7%)
NI+0.5 pts(+84.8%)
CNP+0.5 pts
ED+0.5 pts
ES−0.4 pts
PPL
AES
FE+0.4 pts
EIX+0.3 pts
WEC+0.3 pts
EVRG
DTE
LNT
PNW
Concentration curve
cumulative share of the −25.84 pt move · sorted by contribution
When they drove it
cumulative points through the period
Breadth
member returns, this period
−100%+100%+300%+500%+700%
From −26.12% (AES) to +740.06% (VST). Equal-weight, the XLU would be +73.35% vs the actual −37.37%; the gap is what cap weighting did.
By sector
point contribution · sums to −25.84 pts
-31
+21.9
The year, session by session
every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUG
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Utilities · Select Sector
What moved the market
5Y · AUG 25, 2026
−37.37%
−25.8 pts · closed 43.30
28 of 31 rose · 3 fell
CEG+444.8%
+6.4
VST+740.1%
+3.1
SO+62.3%
+1.9
NRG+198.3%
+1.5
ETR+129.8%
+1.4
AES−26.1%
−0.4
ES−4.5%
−0.4
NEE+14.4%
−0.6
AWK−16.0%
−0.6
D+6.3%
−0.7
D sank a split tape · 28 of 31 went the other wayWMTMT.COM
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