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›Industrials›Human Resource & Employment Services›Human Resource & Employment Services

1 · Sector

Weight and 12M allocation change

Health Care18.4%+2.69 pp Consumer Staples8.3%+1.19 pp Energy3.5%+1.09 pp Utilities3.7%+0.74 pp Real Estate3.5%+0.33 pp Materials3.2%-0.03 pp Information Technology26.7%-0.23 pp Communication Services3.9%-0.63 pp Consumer Discretionary6.4%-0.92 pp Financials12.3%-1.95 pp Industrials10.1%-2.27 pp

2 · Industry

Inside Industrials

Aerospace & Defense2.44%-1.77 pp Industrial Conglomerates0.83%-0.22 pp Rail Transportation0.98%+0.14 pp Building Products0.46%-0.13 pp Industrial Machinery & Supplies & Components1.03%-0.11 pp Environmental & Facilities Services0.47%+0.08 pp Electrical Components & Equipment0.57%-0.07 pp Passenger Airlines0.20%-0.07 pp Human Resource & Employment Services0.50%+0.07 pp Construction Machinery & Heavy Transportation Equipment0.61%-0.07 pp Air Freight & Logistics0.80%-0.06 pp Heavy Electrical Equipment0.05%-0.04 pp Agricultural & Farm Machinery0.36%-0.03 pp Construction & Engineering0.12%+0.03 pp Trading Companies & Distributors0.12%-0.01 pp Research & Consulting Services0.19%-0.01 pp Cargo Ground Transportation0.12%+0.01 pp Diversified Support Services0.12%+0.00 pp Data Processing & Outsourced Services0.06%-0.00 pp Passenger Ground Transportation0.00%+0.00 pp

3 · Sub-industry

Inside Human Resource & Employment Services

Human Resource & Employment Services0.50%+0.066 pp

Concentrated

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

View all contributions →

Human Resource & Employment Services · weight

0.50%

Industry change · 12M

+0.07 pp

Human Resource & Employment Services · contribution

+0.066 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jun 2022 · 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
Automatic Data Processing → ADP	United States	$87.7bn	0.341%	+0.020 pp	+0.043 pp	+7.7%	Yes
Paychex → PAYX	United States	$41.1bn	0.160%	-0.006 pp	+0.023 pp	+8.7%	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.