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 Technology30.3%+3.46 pp Consumer Discretionary8.0%+1.23 pp Energy2.3%+0.44 pp Real Estate3.2%+0.18 pp Materials3.2%+0.02 pp Financials13.2%-0.02 pp Utilities3.0%-0.08 pp Health Care16.2%-0.17 pp Consumer Staples6.9%-1.22 pp Communication Services3.7%-1.34 pp Industrials10.0%-2.49 pp

2 · Industry

Inside Financials

Transaction & Payment Processing Services1.81%-0.96 pp Diversified Banks4.71%+0.39 pp Investment Banking & Brokerage1.41%+0.30 pp Insurance Brokers0.68%+0.14 pp Property & Casualty Insurance0.83%-0.08 pp Financial Exchanges & Data1.15%+0.07 pp Regional Banks0.45%+0.07 pp Asset Management & Custody Banks0.69%+0.05 pp Consumer Finance0.68%+0.04 pp Life & Health Insurance0.51%-0.02 pp Reinsurance0.03%-0.00 pp Multi-line Insurance0.22%+0.00 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks4.71%+0.394 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

4.71%

Industry change · 12M

+0.39 pp

Diversified Banks · contribution

+0.394 pp

Company participation

29%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Nov 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	$363.9bn	1.230%	+0.055 pp	+0.195 pp	+61.2%	Yes
Wells Fargo → WFC	United States	$190.5bn	0.644%	+0.016 pp	+0.163 pp	+77.1%	No
Citigroup → C	United States	$126.4bn	0.427%	-0.060 pp	-0.060 pp	+19.2%	No
JPMorgan Chase → JPM	United States	$469.4bn	1.586%	-0.012 pp	+0.060 pp	+38.1%	No
PNC Financial Services → PNC	United States	$83.3bn	0.281%	+0.010 pp	+0.033 pp	+46.5%	No
Truist Financial → TFC	United States	$79.2bn	0.267%	+0.013 pp	+0.002 pp	+31.9%	Yes
U.S. Bancorp → USB	United States	$82.1bn	0.277%	-0.007 pp	+0.001 pp	+32.2%	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.