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
1 · Sector
Weight and 12M allocation change
2 · Industry
Inside Industrials
Aerospace & Defense6.81%-0.27 ppIndustrial Conglomerates1.23%-0.14 ppRail Transportation1.04%+0.10 ppIndustrial Machinery & Supplies & Components1.01%-0.06 ppConstruction Machinery & Heavy Transportation Equipment0.78%-0.05 ppHuman Resource & Employment Services0.49%+0.04 ppBuilding Products0.43%-0.03 ppPassenger Airlines0.53%-0.02 ppAgricultural & Farm Machinery0.29%-0.01 ppResearch & Consulting Services0.19%+0.01 ppCargo Ground Transportation0.09%+0.01 ppElectrical Components & Equipment0.71%-0.01 ppConstruction & Engineering0.08%+0.01 ppTrading Companies & Distributors0.10%-0.01 ppDiversified Support Services0.03%+0.00 ppAir Freight & Logistics0.98%+0.00 ppEnvironmental & Facilities Services0.35%+0.00 ppData Processing & Outsourced Services0.00%+0.00 ppHeavy Electrical Equipment0.00%+0.00 ppPassenger Ground Transportation0.00%+0.00 pp
3 · Sub-industry
Inside Passenger Airlines
Passenger Airlines · weight
0.53%
Industry change · 12M
-0.02 pp
Passenger Airlines · contribution
-0.024 pp
Company participation
33%
of industry constituents above their 6M weight average
4 · Companies driving this sub-industry
May 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 |
|---|---|---|---|---|---|---|---|
| Southwest Airlines → LUV | United States | $29.6bn | 0.180% | -0.024 pp | -0.026 pp | -15.8% | No |
| United Airlines Holdings → UAL | United States | $19.3bn | 0.117% | +0.001 pp | +0.002 pp | +2.6% | Yes |
| Delta Air Lines → DAL | United States | $38.0bn | 0.230% | +0.002 pp | -0.000 pp | -3.7% | 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.