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%+8.09 pp Financials16.2%+6.66 pp Health Care16.5%+6.53 pp Industrials13.4%+5.79 pp Consumer Staples9.0%+3.80 pp Communication Services5.3%+3.36 pp Materials3.2%+2.13 pp Real Estate3.8%+1.85 pp Utilities3.9%+1.83 pp Energy3.5%+1.02 pp Consumer Discretionary7.1%-41.06 pp

2 · Industry

Inside Financials

Diversified Banks6.60%+2.43 pp Transaction & Payment Processing Services2.34%+1.36 pp Financial Exchanges & Data1.07%+0.54 pp Property & Casualty Insurance1.13%+0.48 pp Consumer Finance0.85%+0.33 pp Investment Banking & Brokerage1.11%+0.32 pp Life & Health Insurance0.76%+0.29 pp Insurance Brokers0.60%+0.28 pp Asset Management & Custody Banks0.82%+0.28 pp Regional Banks0.55%+0.17 pp Multi-line Insurance0.36%+0.16 pp Reinsurance0.05%+0.02 pp Multi-Sector Holdings0.00%+0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks6.60%+2.427 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

6.60%

Industry change · 12M

+2.43 pp

Diversified Banks · contribution

+2.427 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Oct 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	$399.4bn	2.082%	+0.079 pp	+0.853 pp	+18.2%	Yes
Bank of America → BAC	United States	$281.3bn	1.466%	-0.054 pp	+0.551 pp	+16.3%	Yes
Wells Fargo → WFC	United States	$227.5bn	1.186%	+0.028 pp	+0.317 pp	+0.7%	Yes
Citigroup → C	United States	$162.3bn	0.846%	-0.030 pp	+0.304 pp	+12.9%	Yes
U.S. Bancorp → USB	United States	$89.9bn	0.468%	-0.016 pp	+0.180 pp	+12.5%	Yes
PNC Financial Services → PNC	United States	$65.3bn	0.340%	-0.003 pp	+0.138 pp	+17.8%	Yes
Truist Financial → TFC	United States	$40.7bn	0.212%	+0.002 pp	+0.083 pp	+11.7%	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.