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

Consumer Discretionary47.4%+40.34 pp Materials1.1%-1.02 pp Utilities1.9%-1.24 pp Real Estate1.9%-1.31 pp Communication Services1.9%-1.52 pp Energy2.7%-2.03 pp Consumer Staples4.8%-4.53 pp Information Technology10.1%-5.91 pp Health Care9.9%-6.82 pp Industrials8.2%-7.41 pp Financials9.9%-8.55 pp

2 · Industry

Inside Financials

Diversified Banks4.36%-4.09 pp Investment Banking & Brokerage0.82%-0.80 pp Asset Management & Custody Banks0.59%-0.62 pp Property & Casualty Insurance0.65%-0.57 pp Transaction & Payment Processing Services1.00%-0.52 pp Consumer Finance0.52%-0.43 pp Regional Banks0.41%-0.38 pp Life & Health Insurance0.48%-0.37 pp Financial Exchanges & Data0.55%-0.29 pp Multi-line Insurance0.22%-0.23 pp Insurance Brokers0.29%-0.22 pp Reinsurance0.03%-0.02 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks4.36%-4.085 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

4.36%

Industry change · 12M

-4.09 pp

Diversified Banks · contribution

-4.085 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Aug 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
JPMorgan Chase → JPM	United States	$385.1bn	1.243%	-0.968 pp	-1.046 pp	+0.1%	No
Wells Fargo → WFC	United States	$281.6bn	0.909%	-0.687 pp	-0.938 pp	-9.2%	No
Bank of America → BAC	United States	$308.9bn	0.997%	-0.789 pp	-0.907 pp	-2.6%	No
Citigroup → C	United States	$179.3bn	0.579%	-0.453 pp	-0.605 pp	-7.8%	No
U.S. Bancorp → USB	United States	$88.1bn	0.285%	-0.214 pp	-0.256 pp	-4.2%	No
PNC Financial Services → PNC	United States	$66.6bn	0.215%	-0.193 pp	-0.214 pp	-8.1%	No
Truist Financial → TFC	United States	$40.0bn	0.129%	-0.119 pp	-0.119 pp	-4.3%	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.