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›Utilities›Multi-Utilities›Multi-Utilities

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 Utilities

Electric Utilities1.20%-0.52 pp Multi-Utilities0.80%-0.47 pp Water Utilities0.06%-0.03 pp Independent Power Producers & Energy Traders0.08%-0.02 pp Gas Utilities0.00%+0.00 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities0.80%-0.468 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Multi-Utilities · weight

0.80%

Industry change · 12M

-0.47 pp

Multi-Utilities · contribution

-0.468 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
Dominion Energy → D	United States	$46.8bn	0.167%	+0.021 pp	-0.113 pp	-2.0%	No
PG&E Corporation → PCG	United States	$12.3bn	0.044%	-0.032 pp	-0.080 pp	-44.0%	No
Consolidated Edison → ED	United States	$23.8bn	0.085%	+0.010 pp	-0.057 pp	-1.3%	No
Xcel Energy → XEL	United States	$25.3bn	0.091%	+0.014 pp	-0.042 pp	+11.6%	No
NextEra Energy → NEE	United States	$20.8bn	0.074%	+0.011 pp	-0.032 pp	+12.7%	No
DTE Energy → DTE	United States	$17.1bn	0.061%	+0.007 pp	-0.031 pp	+8.0%	No
Sempra → SRE	United States	$14.8bn	0.053%	+0.003 pp	-0.024 pp	+4.4%	No
Ameren → AEE	United States	$15.9bn	0.057%	+0.008 pp	-0.021 pp	+18.7%	No
CenterPoint Energy → CNP	United States	$14.1bn	0.051%	+0.013 pp	-0.019 pp	+4.4%	Yes
CMS Energy → CMS	United States	$14.1bn	0.050%	+0.006 pp	-0.018 pp	+14.4%	No
Pinnacle West Capital → PNW	United States	$9.5bn	0.034%	+0.006 pp	-0.017 pp	+9.4%	No
NiSource → NI	United States	$9.2bn	0.033%	+0.004 pp	-0.014 pp	+6.0%	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.