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 Technology27.2%+8.81 pp Consumer Discretionary7.5%+0.48 pp Materials3.1%-0.14 pp Communication Services5.1%-0.22 pp Real Estate2.9%-0.60 pp Utilities2.9%-0.78 pp Health Care16.1%-0.85 pp Consumer Staples7.8%-0.86 pp Industrials12.1%-1.12 pp Energy1.9%-1.68 pp Financials13.4%-3.05 pp

2 · Industry

Inside Financials

Diversified Banks4.45%-2.23 pp Transaction & Payment Processing Services2.77%+0.28 pp Life & Health Insurance0.52%-0.22 pp Consumer Finance0.66%-0.19 pp Property & Casualty Insurance0.94%-0.18 pp Asset Management & Custody Banks0.65%-0.18 pp Regional Banks0.39%-0.17 pp Multi-line Insurance0.21%-0.12 pp Insurance Brokers0.53%-0.07 pp Investment Banking & Brokerage1.18%+0.04 pp Reinsurance0.04%-0.02 pp Financial Exchanges & Data1.05%+0.01 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Regional Banks

Regional Banks0.39%-0.172 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Regional Banks · weight

0.39%

Industry change · 12M

-0.17 pp

Regional Banks · contribution

-0.172 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Dec 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	$16.3bn	0.066%	+0.066 pp	-0.044 pp	-22.2%	Yes
KeyCorp → KEY	United States	$16.0bn	0.065%	+0.065 pp	-0.033 pp	-14.5%	Yes
Fifth Third Bancorp → FITB	United States	$19.6bn	0.079%	+0.079 pp	-0.028 pp	-5.4%	Yes
Citizens Financial Group → CFG	United States	$15.3bn	0.062%	+0.062 pp	-0.025 pp	-6.7%	Yes
Huntington Bancshares → HBAN	United States	$12.8bn	0.052%	+0.052 pp	-0.024 pp	-11.1%	Yes
Regions Financial Corporation → RF	United States	$15.5bn	0.063%	+0.063 pp	-0.019 pp	-1.6%	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.