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 Discretionary47.6%+40.56 pp Materials1.4%-0.73 pp Utilities2.1%-1.09 pp Real Estate2.0%-1.22 pp Communication Services2.1%-1.38 pp Energy2.4%-2.26 pp Consumer Staples5.2%-4.20 pp Health Care10.5%-6.24 pp Information Technology9.7%-6.37 pp Industrials7.4%-8.17 pp Financials9.6%-8.90 pp

2 · Industry

Inside Financials

Diversified Banks4.16%-4.28 pp Investment Banking & Brokerage0.72%-0.90 pp Asset Management & Custody Banks0.56%-0.66 pp Property & Casualty Insurance0.65%-0.57 pp Transaction & Payment Processing Services1.03%-0.49 pp Consumer Finance0.52%-0.43 pp Regional Banks0.37%-0.42 pp Life & Health Insurance0.47%-0.38 pp Financial Exchanges & Data0.54%-0.30 pp Multi-line Insurance0.20%-0.26 pp Insurance Brokers0.33%-0.19 pp Reinsurance0.03%-0.02 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks4.16%-4.282 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

4.16%

Industry change · 12M

-4.28 pp

Diversified Banks · contribution

-4.282 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Nov 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	$369.8bn	1.228%	-0.015 pp	-1.061 pp	-2.2%	No
Wells Fargo → WFC	United States	$255.5bn	0.849%	-0.060 pp	-0.999 pp	-15.1%	No
Bank of America → BAC	United States	$278.7bn	0.926%	-0.071 pp	-0.978 pp	-10.1%	No
Citigroup → C	United States	$158.2bn	0.526%	-0.053 pp	-0.658 pp	-15.6%	No
U.S. Bancorp → USB	United States	$88.0bn	0.292%	+0.008 pp	-0.248 pp	-2.9%	No
PNC Financial Services → PNC	United States	$62.7bn	0.208%	-0.007 pp	-0.221 pp	-12.4%	No
Truist Financial → TFC	United States	$39.4bn	0.131%	+0.002 pp	-0.118 pp	-4.6%	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.