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 Discretionary48.1%+41.00 pp Materials1.1%-1.04 pp Utilities1.9%-1.28 pp Real Estate1.8%-1.40 pp Communication Services1.9%-1.53 pp Energy2.7%-2.04 pp Consumer Staples4.8%-4.56 pp Information Technology10.0%-6.01 pp Health Care10.1%-6.67 pp Industrials8.1%-7.53 pp Financials9.5%-8.94 pp

2 · Industry

Inside Financials

Diversified Banks4.12%-4.32 pp Investment Banking & Brokerage0.77%-0.85 pp Asset Management & Custody Banks0.57%-0.65 pp Property & Casualty Insurance0.65%-0.58 pp Transaction & Payment Processing Services0.99%-0.53 pp Consumer Finance0.51%-0.45 pp Regional Banks0.38%-0.41 pp Life & Health Insurance0.48%-0.36 pp Financial Exchanges & Data0.52%-0.32 pp Multi-line Insurance0.22%-0.23 pp Insurance Brokers0.30%-0.22 pp Reinsurance0.03%-0.02 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks4.12%-4.319 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

4.12%

Industry change · 12M

-4.32 pp

Diversified Banks · contribution

-4.319 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Sep 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	$379.2bn	1.208%	-0.944 pp	-1.081 pp	-1.4%	No
Wells Fargo → WFC	United States	$253.1bn	0.807%	-0.832 pp	-1.041 pp	-18.4%	No
Bank of America → BAC	United States	$294.3bn	0.938%	-0.797 pp	-0.966 pp	-6.8%	No
Citigroup → C	United States	$180.5bn	0.575%	-0.460 pp	-0.608 pp	-7.2%	No
U.S. Bancorp → USB	United States	$86.0bn	0.274%	-0.224 pp	-0.267 pp	-5.8%	No
PNC Financial Services → PNC	United States	$63.2bn	0.201%	-0.183 pp	-0.227 pp	-12.8%	No
Truist Financial → TFC	United States	$37.6bn	0.120%	-0.119 pp	-0.129 pp	-10.1%	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.