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 Technology18.4%+8.88 pp Financials16.5%+7.33 pp Health Care17.0%+6.61 pp Industrials13.2%+6.00 pp Consumer Staples8.7%+3.60 pp Communication Services5.3%+3.24 pp Materials3.2%+1.83 pp Utilities3.7%+1.55 pp Real Estate3.5%+1.53 pp Energy3.5%+1.16 pp Consumer Discretionary7.0%-41.73 pp

2 · Industry

Inside Financials

Diversified Banks6.68%+2.85 pp Transaction & Payment Processing Services2.49%+1.43 pp Financial Exchanges & Data1.05%+0.51 pp Property & Casualty Insurance1.13%+0.47 pp Investment Banking & Brokerage1.15%+0.45 pp Consumer Finance0.85%+0.37 pp Asset Management & Custody Banks0.83%+0.30 pp Insurance Brokers0.60%+0.29 pp Life & Health Insurance0.74%+0.27 pp Regional Banks0.56%+0.23 pp Multi-line Insurance0.33%+0.14 pp Reinsurance0.06%+0.02 pp Multi-Sector Holdings0.00%+0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks6.68%+2.849 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

6.68%

Industry change · 12M

+2.85 pp

Diversified Banks · contribution

+2.849 pp

Company participation

71%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Dec 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	$437.2bn	2.145%	+0.146 pp	+0.984 pp	+47.3%	Yes
Bank of America → BAC	United States	$316.8bn	1.554%	+0.112 pp	+0.690 pp	+46.2%	Yes
Citigroup → C	United States	$174.4bn	0.856%	+0.027 pp	+0.401 pp	+57.8%	Yes
Wells Fargo → WFC	United States	$227.5bn	1.116%	-0.064 pp	+0.341 pp	+21.4%	No
U.S. Bancorp → USB	United States	$92.6bn	0.454%	-0.009 pp	+0.190 pp	+33.6%	No
PNC Financial Services → PNC	United States	$69.9bn	0.343%	+0.012 pp	+0.150 pp	+40.9%	Yes
Truist Financial → TFC	United States	$43.2bn	0.212%	-0.005 pp	+0.092 pp	+34.6%	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.