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 Discretionary11.4%+4.38 pp Energy3.6%+0.25 pp Consumer Staples7.5%+0.07 pp Utilities3.3%-0.11 pp Materials3.1%-0.19 pp Industrials10.0%-0.23 pp Real Estate3.1%-0.29 pp Communication Services3.2%-0.40 pp Health Care16.5%-0.47 pp Information Technology27.3%-1.33 pp Financials11.1%-1.69 pp

2 · Industry

Inside Financials

Diversified Banks3.40%-0.83 pp Transaction & Payment Processing Services1.34%-0.28 pp Investment Banking & Brokerage1.18%-0.16 pp Consumer Finance0.59%-0.13 pp Regional Banks0.33%-0.11 pp Life & Health Insurance0.49%-0.09 pp Asset Management & Custody Banks0.54%-0.09 pp Multi-line Insurance0.19%-0.07 pp Property & Casualty Insurance1.05%+0.06 pp Financial Exchanges & Data1.14%+0.04 pp Insurance Brokers0.78%-0.03 pp Reinsurance0.05%+0.01 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks3.40%-0.831 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Diversified Banks · weight

3.40%

Industry change · 12M

-0.83 pp

Diversified Banks · contribution

-0.831 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Mar 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	$228.9bn	0.781%	-0.178 pp	-0.339 pp	-28.9%	No
Wells Fargo → WFC	United States	$141.8bn	0.484%	-0.084 pp	-0.138 pp	-20.9%	No
Truist Financial → TFC	United States	$45.3bn	0.154%	-0.052 pp	-0.099 pp	-37.2%	No
PNC Financial Services → PNC	United States	$50.8bn	0.173%	-0.057 pp	-0.086 pp	-28.5%	No
U.S. Bancorp → USB	United States	$55.2bn	0.188%	-0.046 pp	-0.077 pp	-29.0%	No
JPMorgan Chase → JPM	United States	$383.5bn	1.309%	-0.111 pp	-0.046 pp	-1.3%	No
Citigroup → C	United States	$91.1bn	0.311%	-0.005 pp	-0.045 pp	-8.5%	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.