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 Discretionary48.2%+41.13 pp Materials1.1%-1.05 pp Utilities2.0%-1.12 pp Real Estate2.0%-1.28 pp Communication Services2.0%-1.49 pp Energy2.5%-2.22 pp Consumer Staples5.2%-4.15 pp Information Technology9.8%-6.27 pp Health Care10.0%-6.71 pp Industrials7.6%-7.94 pp Financials9.6%-8.89 pp

2 · Industry

Inside Financials

Diversified Banks4.17%-4.27 pp Investment Banking & Brokerage0.80%-0.82 pp Asset Management & Custody Banks0.54%-0.67 pp Property & Casualty Insurance0.66%-0.57 pp Transaction & Payment Processing Services0.98%-0.54 pp Consumer Finance0.51%-0.44 pp Regional Banks0.38%-0.40 pp Life & Health Insurance0.46%-0.38 pp Financial Exchanges & Data0.54%-0.31 pp Multi-line Insurance0.19%-0.26 pp Insurance Brokers0.32%-0.20 pp Reinsurance0.03%-0.02 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks4.17%-4.268 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

4.17%

Industry change · 12M

-4.27 pp

Diversified Banks · contribution

-4.268 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Oct 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	$362.5bn	1.229%	-1.054 pp	-1.060 pp	-4.1%	No
Bank of America → BAC	United States	$269.9bn	0.915%	-0.884 pp	-0.989 pp	-13.0%	No
Wells Fargo → WFC	United States	$256.4bn	0.869%	-0.759 pp	-0.979 pp	-17.4%	No
Citigroup → C	United States	$159.9bn	0.542%	-0.513 pp	-0.642 pp	-15.3%	No
U.S. Bancorp → USB	United States	$85.2bn	0.289%	-0.219 pp	-0.252 pp	-6.8%	No
PNC Financial Services → PNC	United States	$59.7bn	0.202%	-0.194 pp	-0.227 pp	-17.1%	No
Truist Financial → TFC	United States	$37.9bn	0.128%	-0.101 pp	-0.120 pp	-9.0%	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.