XLV · WMTMT

May 26Jun 17Jul 13Aug 3Aug 25

Breadth

52 / 59

stocks rose with the index

Concentration

33%

of the gain from LLY, JNJ, MRK

Biggest driver

LLY +3.60

ELI LILLY + CO, +15.86%

Biggest drag

ISRG −0.57

INTUITIVE SURGICAL INC, −14.84%

What drove it

59 members · drivers first · 3M · residual 15.7bp within 60bp gate

The XLV rose 18.04% (+26.79 pts) over the past three months in a broad advance: 52 of 59 stocks rose, with LLY out front at +3.60 points.

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

+27.7 pts from 52 gainers−0.9 pts from 7 losers

net +26.8 pts · gainers outweigh losers 29.7 to 1

Stock

Points

Return

XLVsum of all 59 stocks

+26.8

+18.04%

LLYELI LILLY + CO

+3.6

+15.86%

JNJJOHNSON + JOHNSON

+2.9

+18.66%

MRKMERCK + CO. INC.

+2.4

+31.65%

ABBVABBVIE INC

+2.2

+24.66%

TMOTHERMO FISHER SCIENTIFIC INC

+1.8

+40.30%

AMGNAMGEN INC

+1.5

+31.64%

ABTABBOTT LABORATORIES

+1.4

+33.97%

MRNAMODERNA INC

+1.0

+237.72%

VRTXVERTEX PHARMACEUTICALS INC

+0.8

+26.82%

DHRDANAHER CORP

+0.7

+25.20%

BMYBRISTOL MYERS SQUIBB CO

+0.7

+18.31%

UNHUNITEDHEALTH GROUP INC

+0.6

+5.83%

REGNREGENERON PHARMACEUTICALS

+0.6

+31.35%

MDTMEDTRONIC PLC

+0.5

+18.49%

MCKMCKESSON CORP

+0.5

+20.12%

29 othersclick to expand the full index

+6.1

EWEDWARDS LIFESCIENCES CORP

+0.1

+3.76%

SOLVSOLVENTUM CORP

+0.1

+20.15%

COOCOOPER COS INC/THE

+0.1

+17.75%

STESTERIS PLC

+0.1

+9.57%

CITHE CIGNA GROUP

+0.1

+0.01%

HSICHENRY SCHEIN INC

+0.0

+21.31%

UHSUNIVERSAL HEALTH SERVICES B

+0.0

+12.43%

VTRSVIATRIS INC

+0.0

+2.83%

PODDINSULET CORP

−0.0

−6.99%

DVADAVITA INC

−0.0

−9.09%

ALGNALIGN TECHNOLOGY INC

−0.0

−2.41%

IDXXIDEXX LABORATORIES INC

−0.0

−1.29%

ZTSZOETIS INC

−0.0

−3.68%

BSXBOSTON SCIENTIFIC CORP

−0.3

−13.51%

ISRGINTUITIVE SURGICAL INC

−0.6

−14.84%

Cap weighting, illustrated

JOHNSON + JOHNSON and HENRY SCHEIN INC moved almost identically (+18.66% vs +21.31%), yet JNJ moved the XLV 66.5× 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 +26.79 pt move · cell size = points contributed · color = direction, intensity = return

LLY+3.6 pts(+15.9%)

JNJ+2.9 pts(+18.7%)

MRK+2.4 pts(+31.6%)

ABBV+2.2 pts(+24.7%)

TMO+1.8 pts(+40.3%)

AMGN+1.5 pts(+31.6%)

ABT+1.4 pts(+34.0%)

MRNA+1.0 pts(+237.7%)

VRTX+0.8 pts(+26.8%)

DHR+0.7 pts

BMY+0.7 pts

UNH

ISRG−0.6 pts(−14.8%)

REGN+0.6 pts(+31.3%)

MDT+0.5 pts(+18.5%)

MCK+0.5 pts(+20.1%)

GILD+0.5 pts

IQV+0.5 pts

PFE+0.4 pts

BDX+0.4 pts

COR+0.3 pts

BSX

A+0.3 pts

CAH+0.3 pts

SYK

DXCM

CRL

MTD

WAT

TECH

BAX

Concentration curve

cumulative share of the +26.79 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−50%0%+50%+100%+150%+200%

From −14.84% (ISRG) to +237.72% (MRNA). Equal-weight, the XLV would be +23.32% vs the actual +18.04%; the gap is what cap weighting did.

By sector

point contribution · sums to +26.79 pts

-59

+26.8

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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