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›Regional Banks›Regional Banks

1 · Sector

Weight and 12M allocation change

Consumer Discretionary48.7%+41.63 pp Materials1.4%-0.72 pp Utilities2.1%-1.03 pp Real Estate2.0%-1.23 pp Communication Services2.0%-1.42 pp Energy2.4%-2.32 pp Consumer Staples5.1%-4.27 pp Health Care10.4%-6.37 pp Information Technology9.5%-6.56 pp Industrials7.2%-8.34 pp Financials9.1%-9.36 pp

2 · Industry

Inside Financials

Diversified Banks3.83%-4.61 pp Investment Banking & Brokerage0.69%-0.93 pp Asset Management & Custody Banks0.53%-0.69 pp Property & Casualty Insurance0.66%-0.56 pp Consumer Finance0.48%-0.48 pp Transaction & Payment Processing Services1.06%-0.47 pp Regional Banks0.33%-0.46 pp Life & Health Insurance0.46%-0.38 pp Financial Exchanges & Data0.54%-0.30 pp Multi-line Insurance0.20%-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 Regional Banks

Regional Banks0.33%-0.458 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Regional Banks · weight

0.33%

Industry change · 12M

-0.46 pp

Regional Banks · contribution

-0.458 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Dec 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
M&T Bank → MTB	United States	$20.1bn	0.072%	-0.004 pp	-0.092 pp	-23.4%	No
Citizens Financial Group → CFG	United States	$13.9bn	0.050%	-0.009 pp	-0.079 pp	-33.9%	No
Fifth Third Bancorp → FITB	United States	$15.4bn	0.055%	-0.004 pp	-0.078 pp	-27.0%	No
Regions Financial Corporation → RF	United States	$13.8bn	0.049%	-0.015 pp	-0.078 pp	-28.6%	No
KeyCorp → KEY	United States	$15.3bn	0.055%	-0.012 pp	-0.077 pp	-28.9%	No
Huntington Bancshares → HBAN	United States	$12.7bn	0.045%	-0.007 pp	-0.055 pp	-23.7%	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.