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 Discretionary10.2%+2.34 pp Energy4.0%+1.71 pp Health Care18.2%+1.50 pp Consumer Staples7.9%+0.78 pp Utilities3.6%+0.55 pp Industrials10.4%+0.39 pp Materials3.2%-0.09 pp Real Estate3.2%-0.18 pp Communication Services3.2%-0.49 pp Financials12.4%-0.57 pp Information Technology23.8%-5.95 pp

2 · Industry

Inside Financials

Diversified Banks3.93%-0.52 pp Transaction & Payment Processing Services1.37%-0.47 pp Property & Casualty Insurance1.17%+0.32 pp Insurance Brokers0.82%+0.15 pp Consumer Finance0.58%-0.11 pp Life & Health Insurance0.61%+0.10 pp Asset Management & Custody Banks0.59%-0.09 pp Financial Exchanges & Data1.15%-0.03 pp Investment Banking & Brokerage1.41%+0.02 pp Multi-line Insurance0.24%+0.02 pp Regional Banks0.45%+0.02 pp Reinsurance0.05%+0.01 pp Multi-Sector Holdings0.00%+0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks3.93%-0.519 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Diversified Banks · weight

3.93%

Industry change · 12M

-0.52 pp

Diversified Banks · contribution

-0.519 pp

Company participation

14%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Dec 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
Bank of America → BAC	United States	$265.7bn	0.959%	+0.005 pp	-0.208 pp	-23.8%	No
JPMorgan Chase → JPM	United States	$393.3bn	1.419%	+0.215 pp	-0.080 pp	-12.6%	Yes
Citigroup → C	United States	$87.6bn	0.316%	-0.001 pp	-0.068 pp	-22.1%	No
Wells Fargo → WFC	United States	$157.3bn	0.568%	-0.032 pp	-0.045 pp	-11.9%	No
Truist Financial → TFC	United States	$57.1bn	0.206%	-0.021 pp	-0.044 pp	-23.5%	No
PNC Financial Services → PNC	United States	$63.7bn	0.230%	-0.011 pp	-0.042 pp	-18.6%	No
U.S. Bancorp → USB	United States	$64.8bn	0.234%	-0.002 pp	-0.033 pp	-19.1%	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.