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›Consumer Discretionary›Restaurants›Restaurants

1 · Sector

Weight and 12M allocation change

Information Technology21.1%+2.55 pp Health Care19.3%+2.41 pp Communication Services5.2%+1.68 pp Materials3.1%+0.58 pp Consumer Staples9.2%+0.20 pp Real Estate3.6%-0.03 pp Utilities3.7%-0.06 pp Consumer Discretionary6.5%-0.72 pp Energy2.5%-1.60 pp Industrials11.5%-2.34 pp Financials14.1%-2.68 pp

2 · Industry

Inside Consumer Discretionary

Hotels, Resorts & Cruise Lines0.42%-0.37 pp Automobile Manufacturers0.28%-0.24 pp Restaurants1.48%-0.15 pp Casinos & Gaming0.30%+0.14 pp Homebuilding0.20%+0.06 pp Apparel Retail0.51%-0.06 pp Broadline Retail0.50%+0.05 pp Other Specialty Retail0.08%-0.05 pp Apparel, Accessories & Luxury Goods0.44%-0.03 pp Automotive Parts & Equipment0.10%-0.02 pp Distributors0.06%-0.02 pp Leisure Products0.06%-0.02 pp Home Improvement Retail1.76%+0.01 pp Automotive Retail0.14%-0.01 pp Consumer Electronics0.09%-0.01 pp Computer & Electronics Retail0.11%-0.00 pp Footwear0.00%+0.00 pp Homefurnishing Retail0.00%+0.00 pp

3 · Sub-industry

Inside Restaurants

Restaurants1.48%-0.145 pp

Concentrated

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

View all contributions →

Restaurants · weight

1.48%

Industry change · 12M

-0.15 pp

Restaurants · contribution

-0.145 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Apr 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
McDonald's → MCD	United States	$139.8bn	0.782%	-0.012 pp	-0.060 pp	-2.8%	Yes
Yum! Brands → YUM	United States	$26.0bn	0.146%	-0.012 pp	-0.033 pp	-15.8%	Yes
Darden Restaurants → DRI	United States	$8.9bn	0.050%	-0.020 pp	-0.031 pp	-35.8%	Yes
Starbucks → SBUX	United States	$89.6bn	0.502%	+0.011 pp	-0.023 pp	+0.6%	Yes
Chipotle Mexican Grill → CMG	United States	$0.5bn	0.003%	+0.000 pp	+0.001 pp	+27.7%	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.