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 Technology17.4%+1.34 pp Energy5.1%+0.43 pp Real Estate3.5%+0.28 pp Utilities3.4%+0.26 pp Health Care16.9%+0.12 pp Consumer Discretionary7.0%-0.03 pp Materials2.1%-0.04 pp Communication Services3.3%-0.15 pp Consumer Staples8.8%-0.60 pp Financials17.7%-0.75 pp Industrials14.7%-0.86 pp

2 · Industry

Inside Financials

Diversified Banks7.68%-0.76 pp Transaction & Payment Processing Services1.74%+0.22 pp Financial Exchanges & Data1.01%+0.17 pp Investment Banking & Brokerage1.49%-0.13 pp Property & Casualty Insurance1.14%-0.08 pp Asset Management & Custody Banks1.14%-0.07 pp Regional Banks0.73%-0.05 pp Multi-line Insurance0.42%-0.04 pp Consumer Finance0.94%-0.02 pp Insurance Brokers0.53%+0.01 pp Life & Health Insurance0.86%+0.01 pp Reinsurance0.06%+0.00 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks7.68%-0.759 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Diversified Banks · weight

7.68%

Industry change · 12M

-0.76 pp

Diversified Banks · contribution

-0.759 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jun 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	$270.2bn	1.639%	+0.071 pp	-0.209 pp	-14.6%	No
Bank of America → BAC	United States	$285.8bn	1.734%	-0.151 pp	-0.170 pp	-11.2%	No
Citigroup → C	United States	$170.6bn	1.035%	-0.029 pp	-0.148 pp	-14.0%	No
JPMorgan Chase → JPM	United States	$354.8bn	2.152%	-0.163 pp	-0.137 pp	-9.5%	No
PNC Financial Services → PNC	United States	$63.4bn	0.385%	-0.053 pp	-0.044 pp	-14.1%	No
U.S. Bancorp → USB	United States	$82.2bn	0.498%	-0.013 pp	-0.042 pp	-11.4%	No
Truist Financial → TFC	United States	$39.3bn	0.239%	-0.010 pp	-0.010 pp	-7.3%	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.