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 Technology19.1%+9.77 pp Financials16.2%+6.99 pp Health Care16.6%+6.66 pp Industrials13.4%+5.77 pp Consumer Staples8.8%+3.81 pp Communication Services5.2%+3.23 pp Utilities3.9%+1.91 pp Materials3.1%+1.72 pp Real Estate3.6%+1.56 pp Energy3.2%+0.74 pp Consumer Discretionary6.9%-42.15 pp

2 · Industry

Inside Financials

Diversified Banks6.21%+2.29 pp Transaction & Payment Processing Services2.63%+1.59 pp Financial Exchanges & Data1.14%+0.60 pp Property & Casualty Insurance1.15%+0.51 pp Investment Banking & Brokerage1.16%+0.45 pp Consumer Finance0.86%+0.37 pp Insurance Brokers0.63%+0.31 pp Asset Management & Custody Banks0.80%+0.27 pp Life & Health Insurance0.72%+0.25 pp Regional Banks0.52%+0.18 pp Multi-line Insurance0.33%+0.13 pp Reinsurance0.06%+0.03 pp Multi-Sector Holdings0.00%+0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks6.21%+2.293 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

6.21%

Industry change · 12M

+2.29 pp

Diversified Banks · contribution

+2.293 pp

Company participation

14%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jan 2020 · 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	$415.1bn	2.048%	-0.034 pp	+0.913 pp	+31.7%	Yes
Bank of America → BAC	United States	$295.3bn	1.457%	-0.009 pp	+0.535 pp	+17.9%	No
Citigroup → C	United States	$162.5bn	0.801%	-0.045 pp	+0.282 pp	+19.5%	No
Wells Fargo → WFC	United States	$198.5bn	0.979%	-0.206 pp	+0.220 pp	-1.1%	No
U.S. Bancorp → USB	United States	$83.1bn	0.410%	-0.058 pp	+0.137 pp	+7.1%	No
PNC Financial Services → PNC	United States	$65.1bn	0.321%	-0.019 pp	+0.134 pp	+24.9%	No
Truist Financial → TFC	United States	$39.5bn	0.195%	-0.017 pp	+0.071 pp	+9.4%	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.