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 Technology18.1%+8.41 pp Financials16.5%+6.93 pp Health Care16.8%+6.27 pp Industrials13.7%+6.24 pp Consumer Staples8.8%+3.60 pp Communication Services5.3%+3.22 pp Materials3.2%+1.80 pp Utilities3.7%+1.59 pp Real Estate3.6%+1.58 pp Energy3.4%+1.00 pp Consumer Discretionary7.0%-40.65 pp

2 · Industry

Inside Financials

Diversified Banks6.60%+2.44 pp Transaction & Payment Processing Services2.55%+1.51 pp Financial Exchanges & Data1.06%+0.52 pp Property & Casualty Insurance1.12%+0.47 pp Investment Banking & Brokerage1.16%+0.44 pp Consumer Finance0.85%+0.33 pp Life & Health Insurance0.76%+0.29 pp Asset Management & Custody Banks0.84%+0.28 pp Insurance Brokers0.60%+0.27 pp Regional Banks0.56%+0.19 pp Multi-line Insurance0.35%+0.15 pp Reinsurance0.06%+0.03 pp Multi-Sector Holdings0.00%+0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks6.60%+2.440 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

6.60%

Industry change · 12M

+2.44 pp

Diversified Banks · contribution

+2.440 pp

Company participation

86%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Nov 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	$413.3bn	2.082%	+0.172 pp	+0.854 pp	+22.2%	Yes
Bank of America → BAC	United States	$299.7bn	1.510%	+0.117 pp	+0.584 pp	+20.0%	Yes
Wells Fargo → WFC	United States	$230.3bn	1.160%	+0.044 pp	+0.311 pp	+4.4%	Yes
Citigroup → C	United States	$164.0bn	0.826%	+0.036 pp	+0.301 pp	+19.2%	No
U.S. Bancorp → USB	United States	$93.8bn	0.472%	+0.021 pp	+0.180 pp	+13.7%	Yes
PNC Financial Services → PNC	United States	$67.1bn	0.338%	+0.026 pp	+0.130 pp	+16.4%	Yes
Truist Financial → TFC	United States	$41.9bn	0.211%	+0.013 pp	+0.080 pp	+10.8%	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.