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

Consumer Discretionary11.0%+3.01 pp Energy3.9%+1.57 pp Health Care17.5%+1.30 pp Consumer Staples7.7%+0.79 pp Utilities3.4%+0.46 pp Industrials10.1%+0.13 pp Real Estate3.2%-0.06 pp Materials3.1%-0.11 pp Communication Services3.2%-0.50 pp Financials12.4%-0.81 pp Information Technology24.5%-5.78 pp

2 · Industry

Inside Financials

Diversified Banks4.01%-0.70 pp Transaction & Payment Processing Services1.36%-0.45 pp Property & Casualty Insurance1.11%+0.28 pp Insurance Brokers0.80%+0.12 pp Asset Management & Custody Banks0.58%-0.11 pp Life & Health Insurance0.61%+0.10 pp Consumer Finance0.59%-0.09 pp Regional Banks0.46%+0.02 pp Investment Banking & Brokerage1.42%+0.01 pp Reinsurance0.04%+0.01 pp Multi-line Insurance0.23%+0.01 pp Financial Exchanges & Data1.16%+0.00 pp Multi-Sector Holdings0.00%+0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks4.01%-0.698 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

4.01%

Industry change · 12M

-0.70 pp

Diversified Banks · contribution

-0.698 pp

Company participation

43%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Nov 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
JPMorgan Chase → JPM	United States	$405.3bn	1.376%	+0.182 pp	-0.210 pp	-10.3%	Yes
Bank of America → BAC	United States	$303.6bn	1.030%	+0.064 pp	-0.199 pp	-13.0%	Yes
Citigroup → C	United States	$93.8bn	0.318%	-0.020 pp	-0.109 pp	-20.9%	No
Truist Financial → TFC	United States	$62.1bn	0.211%	-0.012 pp	-0.057 pp	-17.9%	No
PNC Financial Services → PNC	United States	$67.9bn	0.230%	-0.002 pp	-0.051 pp	-11.7%	No
U.S. Bancorp → USB	United States	$67.4bn	0.229%	-0.014 pp	-0.048 pp	-14.8%	No
Wells Fargo → WFC	United States	$182.7bn	0.620%	+0.027 pp	-0.024 pp	+2.7%	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.