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%+4.09 pp Energy3.5%+0.08 pp Utilities3.3%-0.16 pp Information Technology27.2%-0.18 pp Materials3.1%-0.37 pp Industrials9.8%-0.38 pp Communication Services3.1%-0.41 pp Real Estate3.1%-0.49 pp Consumer Staples7.7%-0.53 pp Health Care16.9%-0.55 pp Financials11.3%-1.10 pp

2 · Industry

Inside Financials

Diversified Banks3.48%-0.52 pp Transaction & Payment Processing Services1.38%-0.22 pp Consumer Finance0.57%-0.16 pp Regional Banks0.33%-0.10 pp Investment Banking & Brokerage1.19%-0.08 pp Financial Exchanges & Data1.14%+0.07 pp Life & Health Insurance0.51%-0.07 pp Multi-line Insurance0.20%-0.07 pp Property & Casualty Insurance1.06%+0.05 pp Asset Management & Custody Banks0.52%-0.05 pp Insurance Brokers0.82%+0.03 pp Reinsurance0.05%+0.01 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks3.48%-0.522 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Diversified Banks · weight

3.48%

Industry change · 12M

-0.52 pp

Diversified Banks · contribution

-0.522 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Apr 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	$234.4bn	0.791%	-0.183 pp	-0.248 pp	-15.9%	No
JPMorgan Chase → JPM	United States	$406.9bn	1.374%	-0.031 pp	+0.100 pp	+19.7%	No
Wells Fargo → WFC	United States	$150.8bn	0.509%	-0.102 pp	-0.092 pp	-6.6%	No
Truist Financial → TFC	United States	$43.3bn	0.146%	-0.078 pp	-0.086 pp	-29.7%	No
U.S. Bancorp → USB	United States	$52.5bn	0.177%	-0.076 pp	-0.083 pp	-26.1%	No
PNC Financial Services → PNC	United States	$52.1bn	0.176%	-0.053 pp	-0.075 pp	-18.3%	No
Citigroup → C	United States	$91.5bn	0.309%	-0.037 pp	-0.036 pp	+1.8%	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.