Observatory · observe first

Follow the allocation change

Matched S&P 500 members → sector → industry → sub-industry → company. Each step uses the same percentage points.

Historical time machine

Historical observation

20182026

Universe›Financials›Diversified Banks›Diversified Banks

1 · Sector

Weight and 12M allocation change

Information Technology17.1%+1.04 pp Utilities3.4%+0.20 pp Real Estate3.4%+0.14 pp Materials2.1%-0.03 pp Consumer Discretionary7.0%-0.06 pp Energy4.6%-0.08 pp Communication Services3.4%-0.08 pp Health Care16.6%-0.13 pp Consumer Staples9.1%-0.27 pp Financials18.1%-0.33 pp Industrials15.2%-0.39 pp

2 · Industry

Inside Financials

Diversified Banks8.03%-0.41 pp Financial Exchanges & Data0.90%+0.06 pp Investment Banking & Brokerage1.66%+0.04 pp Asset Management & Custody Banks1.18%-0.04 pp Insurance Brokers0.55%+0.03 pp Multi-line Insurance0.43%-0.02 pp Consumer Finance0.93%-0.02 pp Transaction & Payment Processing Services1.54%+0.02 pp Life & Health Insurance0.83%-0.01 pp Property & Casualty Insurance1.23%+0.01 pp Reinsurance0.06%+0.01 pp Regional Banks0.79%+0.00 pp Multi-Sector Holdings0.00%+0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks8.03%-0.411 pp

Concentrated

Most of this industry's losses came from a few companies.

View all contributions →

Diversified Banks · weight

8.03%

Industry change · 12M

-0.41 pp

Diversified Banks · contribution

-0.411 pp

Company participation

14%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Mar 2018 · sorted by absolute contribution to 12-month change

Company	Country	Market cap	Universe weight	3M contribution	12M contribution	12M price return	Above 6M weight average
Wells Fargo → WFC	United States	$255.6bn	1.568%	-0.279 pp	-0.279 pp	-19.9%	No
Citigroup → C	United States	$173.5bn	1.064%	-0.119 pp	-0.119 pp	-13.6%	No
U.S. Bancorp → USB	United States	$83.4bn	0.512%	-0.029 pp	-0.029 pp	-11.1%	No
JPMorgan Chase → JPM	United States	$377.4bn	2.316%	+0.026 pp	+0.026 pp	-4.9%	No
Bank of America → BAC	United States	$307.2bn	1.885%	-0.019 pp	-0.019 pp	-5.9%	No
PNC Financial Services → PNC	United States	$71.3bn	0.438%	+0.009 pp	+0.009 pp	-4.3%	Yes
Truist Financial → TFC	United States	$40.5bn	0.248%	+0.000 pp	+0.000 pp	-5.0%	No

Company contributions use weights among matched S&P 500 members and add through each level without rescaling. Companies without matched shares and prices are omitted. These observations do not establish official index weights or actual fund flows.