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 Discretionary11.2%+3.78 pp Energy3.9%+1.03 pp Health Care16.9%+0.53 pp Utilities3.4%+0.25 pp Industrials10.1%+0.16 pp Real Estate3.3%+0.09 pp Materials3.3%+0.07 pp Consumer Staples7.4%+0.03 pp Communication Services3.4%-0.27 pp Financials12.7%-1.04 pp Information Technology24.5%-4.63 pp

2 · Industry

Inside Financials

Diversified Banks4.04%-0.73 pp Transaction & Payment Processing Services1.43%-0.50 pp Property & Casualty Insurance1.14%+0.21 pp Consumer Finance0.66%-0.10 pp Financial Exchanges & Data1.19%+0.09 pp Insurance Brokers0.81%+0.08 pp Investment Banking & Brokerage1.41%-0.06 pp Asset Management & Custody Banks0.62%-0.06 pp Life & Health Insurance0.60%+0.03 pp Regional Banks0.46%-0.01 pp Reinsurance0.05%+0.01 pp Multi-line Insurance0.23%-0.01 pp Multi-Sector Holdings0.00%+0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks4.04%-0.726 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Diversified Banks · weight

4.04%

Industry change · 12M

-0.73 pp

Diversified Banks · contribution

-0.726 pp

Company participation

71%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jan 2023 · 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	$284.6bn	0.974%	-0.052 pp	-0.296 pp	-21.3%	No
Wells Fargo → WFC	United States	$178.6bn	0.611%	-0.011 pp	-0.110 pp	-10.8%	Yes
Citigroup → C	United States	$101.1bn	0.346%	+0.031 pp	-0.088 pp	-16.6%	Yes
JPMorgan Chase → JPM	United States	$410.5bn	1.405%	+0.095 pp	-0.072 pp	-2.7%	Yes
PNC Financial Services → PNC	United States	$66.7bn	0.228%	-0.007 pp	-0.064 pp	-16.7%	No
Truist Financial → TFC	United States	$65.5bn	0.224%	+0.013 pp	-0.058 pp	-18.2%	Yes
U.S. Bancorp → USB	United States	$74.0bn	0.253%	+0.029 pp	-0.037 pp	-10.9%	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.