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 Technology29.7%+2.54 pp Health Care16.7%+0.60 pp Energy2.3%+0.44 pp Real Estate3.4%+0.43 pp Consumer Discretionary7.8%+0.36 pp Utilities3.1%+0.17 pp Materials3.3%+0.15 pp Financials12.9%-0.47 pp Consumer Staples7.2%-0.68 pp Communication Services3.6%-1.42 pp Industrials10.0%-2.13 pp

2 · Industry

Inside Financials

Transaction & Payment Processing Services1.83%-0.94 pp Investment Banking & Brokerage1.39%+0.21 pp Insurance Brokers0.67%+0.14 pp Financial Exchanges & Data1.18%+0.12 pp Property & Casualty Insurance0.85%-0.10 pp Regional Banks0.43%+0.04 pp Asset Management & Custody Banks0.68%+0.03 pp Consumer Finance0.69%+0.03 pp Multi-line Insurance0.23%+0.01 pp Diversified Banks4.45%-0.00 pp Reinsurance0.03%-0.00 pp Life & Health Insurance0.51%-0.00 pp Multi-Sector Holdings0.00%+0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks4.45%-0.004 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

4.45%

Industry change · 12M

-0.00 pp

Diversified Banks · contribution

-0.004 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Dec 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
Citigroup → C	United States	$119.8bn	0.384%	-0.116 pp	-0.136 pp	+0.9%	No
Wells Fargo → WFC	United States	$191.3bn	0.613%	-0.056 pp	+0.108 pp	+61.1%	No
Bank of America → BAC	United States	$364.1bn	1.166%	-0.088 pp	+0.105 pp	+49.6%	No
JPMorgan Chase → JPM	United States	$468.0bn	1.499%	-0.218 pp	-0.069 pp	+27.7%	No
U.S. Bancorp → USB	United States	$83.3bn	0.267%	-0.043 pp	-0.017 pp	+24.3%	No
PNC Financial Services → PNC	United States	$84.7bn	0.271%	-0.020 pp	+0.016 pp	+38.2%	No
Truist Financial → TFC	United States	$78.2bn	0.250%	-0.024 pp	-0.011 pp	+26.1%	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.