Financials (XLF): the last 12 months

Financials (XLF) are up 14.7% over 1Y and at a 5-year high, with a 90-day change of +2.8% after −3.7% at the end of September. They fell in September's rates shock and rose 10.7% over the last month, including the post-election relief rally. Status quo for sectors: intact.

Status quo card: Financials (XLF), intact.

Month by month

Computed in code. Change: the calendar-month change (z against its own monthly history). 90-day: the trailing 90-day change at the month-end. Rank: its place among that month's biggest moves. Causes: the surviving monthly causes acting on it (a force's loading on this asset times the month's fitted strength, in standard deviations). ETF holdings use current weights (an approximation).

MonthChange90-dayRankCauses
November 2026 (month to date)+4.8% (z 2.8)+2.8%Relief rally after the midterms: volatility fell and cyclicals and platforms rose (evidence +4.8%, z 2.8)
October 2026+5.8% (z 1.0)−0.4%none of the surviving causes loads on it
September 2026−7.1% (z -2.1)−3.7%Rate shock with wider high-yield spreads (evidence −7.1%, z -2.1)
August 2026+1.4% (z -0.1)+12.5%none of the surviving causes loads on it
July 2026+6.2% (z 1.1)+10.1%none of the surviving causes loads on it
June 2026+4.3% (z 0.6)+8.8%none of the surviving causes loads on it
May 2026−1.1% (z -0.6)+1.1%none of the surviving causes loads on it
April 2026+5.6% (z 1.0)−2.0%none of the surviving causes loads on it
March 2026−3.5% (z -1.0)−9.4%none of the surviving causes loads on it
February 2026−3.8% (z -1.1)−3.2%none of the surviving causes loads on it
January 2026−2.4% (z -0.9)+2.4%none of the surviving causes loads on it
December 2025+3.0% (z 0.4)+3.0%none of the surviving causes loads on it
November 2025+1.8% (z 0.1)−0.9%none of the surviving causes loads on it

What drove each month · All assets

Not investment advice. MarketMoves describes past market data and reported news for general information. Figures can be delayed or wrong; check the original source before relying on them.