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›Rail Transportation›Rail Transportation

1 · Sector

Weight and 12M allocation change

Consumer Discretionary11.6%+3.82 pp Energy4.1%+1.64 pp Health Care17.5%+1.01 pp Consumer Staples7.7%+0.70 pp Utilities3.4%+0.36 pp Real Estate3.1%-0.10 pp Materials2.9%-0.29 pp Industrials9.8%-0.41 pp Communication Services3.3%-0.64 pp Financials12.1%-2.06 pp Information Technology24.5%-4.05 pp

2 · Industry

Inside Industrials

Aerospace & Defense2.40%+0.23 pp Rail Transportation0.83%-0.19 pp Air Freight & Logistics0.64%-0.15 pp Industrial Conglomerates0.82%-0.12 pp Building Products0.48%-0.10 pp Heavy Electrical Equipment0.03%-0.08 pp Agricultural & Farm Machinery0.42%+0.07 pp Construction Machinery & Heavy Transportation Equipment0.67%+0.05 pp Research & Consulting Services0.18%-0.05 pp Industrial Machinery & Supplies & Components1.05%-0.04 pp Human Resource & Employment Services0.51%+0.04 pp Electrical Components & Equipment0.60%-0.04 pp Environmental & Facilities Services0.45%+0.03 pp Passenger Airlines0.20%-0.02 pp Trading Companies & Distributors0.13%-0.02 pp Cargo Ground Transportation0.12%-0.02 pp Construction & Engineering0.12%+0.01 pp Data Processing & Outsourced Services0.06%-0.01 pp Diversified Support Services0.11%-0.00 pp Passenger Ground Transportation0.00%+0.00 pp

3 · Sub-industry

Inside Rail Transportation

Rail Transportation0.83%-0.190 pp

Concentrated

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

View all contributions →

Rail Transportation · weight

0.83%

Industry change · 12M

-0.19 pp

Rail Transportation · contribution

-0.190 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Oct 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
Union Pacific Corporation → UNP	United States	$121.2bn	0.430%	-0.058 pp	-0.088 pp	-16.6%	No
CSX Corporation → CSX	United States	$61.1bn	0.217%	-0.021 pp	-0.051 pp	-18.7%	No
Norfolk Southern → NSC	United States	$52.8bn	0.187%	-0.015 pp	-0.051 pp	-20.8%	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.