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

Information Technology17.9%+7.83 pp Financials16.1%+6.61 pp Health Care16.1%+6.02 pp Industrials13.5%+5.47 pp Consumer Staples9.2%+4.37 pp Communication Services5.3%+3.38 pp Materials3.3%+2.18 pp Utilities4.0%+2.09 pp Real Estate3.9%+2.04 pp Energy3.6%+0.96 pp Consumer Discretionary7.1%-40.93 pp

2 · Industry

Inside Financials

Diversified Banks6.46%+2.34 pp Transaction & Payment Processing Services2.23%+1.23 pp Property & Casualty Insurance1.24%+0.60 pp Financial Exchanges & Data1.05%+0.53 pp Consumer Finance0.87%+0.36 pp Investment Banking & Brokerage1.10%+0.33 pp Insurance Brokers0.60%+0.30 pp Life & Health Insurance0.77%+0.29 pp Asset Management & Custody Banks0.81%+0.25 pp Regional Banks0.56%+0.18 pp Multi-line Insurance0.38%+0.16 pp Reinsurance0.06%+0.03 pp Multi-Sector Holdings0.00%+0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks6.46%+2.339 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

6.46%

Industry change · 12M

+2.34 pp

Diversified Banks · contribution

+2.339 pp

Company participation

43%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Sep 2019 · 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	$376.3bn	1.999%	+0.044 pp	+0.790 pp	+7.4%	Yes
Bank of America → BAC	United States	$271.5bn	1.442%	-0.044 pp	+0.505 pp	+1.3%	No
Wells Fargo → WFC	United States	$222.2bn	1.180%	+0.034 pp	+0.374 pp	-0.3%	Yes
Citigroup → C	United States	$156.1bn	0.829%	-0.044 pp	+0.254 pp	-1.0%	No
U.S. Bancorp → USB	United States	$87.2bn	0.463%	+0.013 pp	+0.189 pp	+8.0%	No
PNC Financial Services → PNC	United States	$62.4bn	0.331%	-0.003 pp	+0.130 pp	+6.1%	No
Truist Financial → TFC	United States	$40.9bn	0.217%	+0.014 pp	+0.097 pp	+13.8%	Yes

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.