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

Financials14.2%+1.72 pp Information Technology28.5%+1.35 pp Consumer Discretionary7.8%+0.98 pp Energy2.5%+0.82 pp Materials3.2%+0.05 pp Real Estate3.2%+0.01 pp Health Care16.5%-0.40 pp Utilities3.0%-0.41 pp Communication Services3.9%-1.00 pp Consumer Staples7.0%-1.51 pp Industrials10.2%-1.61 pp

2 · Industry

Inside Financials

Diversified Banks5.05%+1.07 pp Transaction & Payment Processing Services2.08%-0.56 pp Investment Banking & Brokerage1.49%+0.54 pp Consumer Finance0.76%+0.18 pp Insurance Brokers0.69%+0.15 pp Asset Management & Custody Banks0.75%+0.13 pp Financial Exchanges & Data1.19%+0.10 pp Regional Banks0.46%+0.09 pp Property & Casualty Insurance0.89%-0.06 pp Life & Health Insurance0.53%+0.04 pp Multi-line Insurance0.25%+0.04 pp Reinsurance0.03%-0.00 pp Multi-Sector Holdings0.00%+0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks5.05%+1.070 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

5.05%

Industry change · 12M

+1.07 pp

Diversified Banks · contribution

+1.070 pp

Company participation

71%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Oct 2021 · 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
Bank of America → BAC	United States	$391.0bn	1.306%	+0.199 pp	+0.335 pp	+105.8%	Yes
Wells Fargo → WFC	United States	$210.1bn	0.702%	+0.055 pp	+0.283 pp	+141.9%	Yes
JPMorgan Chase → JPM	United States	$507.7bn	1.696%	+0.120 pp	+0.281 pp	+77.6%	Yes
PNC Financial Services → PNC	United States	$89.7bn	0.300%	+0.034 pp	+0.075 pp	+93.7%	Yes
Citigroup → C	United States	$140.2bn	0.468%	-0.011 pp	+0.060 pp	+72.1%	No
U.S. Bancorp → USB	United States	$89.5bn	0.299%	+0.015 pp	+0.021 pp	+60.0%	No
Truist Financial → TFC	United States	$84.7bn	0.283%	+0.032 pp	+0.014 pp	+55.8%	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.