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 Discretionary11.0%+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 Industrials

Aerospace & Defense2.40%+0.33 pp Construction Machinery & Heavy Transportation Equipment0.68%+0.11 pp Rail Transportation0.89%-0.10 pp Agricultural & Farm Machinery0.45%+0.09 pp Building Products0.51%-0.09 pp Heavy Electrical Equipment0.02%-0.07 pp Air Freight & Logistics0.69%-0.06 pp Industrial Conglomerates0.84%-0.06 pp Research & Consulting Services0.18%-0.06 pp Human Resource & Employment Services0.52%+0.05 pp Industrial Machinery & Supplies & Components1.07%-0.04 pp Diversified Support Services0.14%+0.04 pp Environmental & Facilities Services0.45%+0.03 pp Cargo Ground Transportation0.12%-0.02 pp Construction & Engineering0.12%+0.01 pp Trading Companies & Distributors0.13%-0.01 pp Passenger Airlines0.21%-0.01 pp Data Processing & Outsourced Services0.06%-0.01 pp Electrical Components & Equipment0.63%-0.01 pp Passenger Ground Transportation0.00%+0.00 pp

3 · Sub-industry

Inside Rail Transportation

Rail Transportation0.89%-0.101 pp

Concentrated

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

View all contributions →

Rail Transportation · weight

0.89%

Industry change · 12M

-0.10 pp

Rail Transportation · contribution

-0.101 pp

Company participation

33%

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
Union Pacific Corporation → UNP	United States	$133.7bn	0.454%	-0.048 pp	-0.058 pp	-5.8%	No
CSX Corporation → CSX	United States	$68.7bn	0.233%	-0.009 pp	-0.026 pp	-4.5%	No
Norfolk Southern → NSC	United States	$59.4bn	0.202%	-0.003 pp	-0.017 pp	-1.4%	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.