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›Regional Banks›Regional Banks

1 · Sector

Weight and 12M allocation change

Information Technology26.8%+8.71 pp Materials3.2%-0.02 pp Consumer Discretionary6.8%-0.23 pp Communication Services5.0%-0.29 pp Health Care16.4%-0.39 pp Real Estate3.1%-0.54 pp Consumer Staples8.2%-0.62 pp Utilities3.0%-0.62 pp Industrials12.5%-1.18 pp Energy1.9%-1.53 pp Financials13.2%-3.30 pp

2 · Industry

Inside Financials

Diversified Banks4.32%-2.28 pp Transaction & Payment Processing Services2.77%+0.22 pp Life & Health Insurance0.53%-0.22 pp Property & Casualty Insurance0.91%-0.21 pp Consumer Finance0.65%-0.20 pp Asset Management & Custody Banks0.64%-0.19 pp Regional Banks0.38%-0.18 pp Multi-line Insurance0.22%-0.13 pp Insurance Brokers0.54%-0.06 pp Investment Banking & Brokerage1.11%-0.05 pp Financial Exchanges & Data1.08%+0.02 pp Reinsurance0.04%-0.02 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Regional Banks

Regional Banks0.38%-0.178 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Regional Banks · weight

0.38%

Industry change · 12M

-0.18 pp

Regional Banks · contribution

-0.178 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Nov 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
M&T Bank → MTB	United States	$14.9bn	0.063%	+0.063 pp	-0.046 pp	-26.6%	Yes
KeyCorp → KEY	United States	$15.1bn	0.064%	+0.064 pp	-0.032 pp	-15.1%	Yes
Fifth Third Bancorp → FITB	United States	$18.1bn	0.077%	+0.077 pp	-0.031 pp	-11.7%	Yes
Huntington Bancshares → HBAN	United States	$12.3bn	0.052%	+0.052 pp	-0.025 pp	-14.0%	Yes
Citizens Financial Group → CFG	United States	$13.9bn	0.059%	+0.059 pp	-0.025 pp	-10.1%	Yes
Regions Financial Corporation → RF	United States	$14.7bn	0.062%	+0.062 pp	-0.019 pp	-3.9%	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.