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

Materials29.6%+26.14 pp Consumer Discretionary8.5%+1.82 pp Real Estate2.1%-1.21 pp Utilities2.3%-1.33 pp Energy2.3%-1.64 pp Communication Services2.1%-1.72 pp Consumer Staples5.3%-2.38 pp Industrials6.9%-3.12 pp Financials7.8%-5.05 pp Health Care11.8%-5.74 pp Information Technology21.2%-5.77 pp

2 · Industry

Inside Financials

Diversified Banks2.44%-1.82 pp Transaction & Payment Processing Services0.92%-0.67 pp Investment Banking & Brokerage0.82%-0.53 pp Property & Casualty Insurance0.72%-0.35 pp Financial Exchanges & Data0.83%-0.29 pp Consumer Finance0.42%-0.28 pp Regional Banks0.22%-0.28 pp Life & Health Insurance0.32%-0.26 pp Asset Management & Custody Banks0.35%-0.26 pp Insurance Brokers0.57%-0.19 pp Multi-line Insurance0.14%-0.12 pp Reinsurance0.03%-0.01 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks2.44%-1.823 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Diversified Banks · weight

2.44%

Industry change · 12M

-1.82 pp

Diversified Banks · contribution

-1.823 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

May 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	$221.5bn	0.547%	-0.418 pp	-0.532 pp	-23.4%	No
JPMorgan Chase → JPM	United States	$396.6bn	0.980%	-0.504 pp	-0.419 pp	+6.1%	No
Wells Fargo → WFC	United States	$149.4bn	0.369%	-0.255 pp	-0.256 pp	-10.6%	No
U.S. Bancorp → USB	United States	$45.8bn	0.113%	-0.144 pp	-0.171 pp	-41.0%	No
Citigroup → C	United States	$86.3bn	0.213%	-0.133 pp	-0.160 pp	-13.5%	No
PNC Financial Services → PNC	United States	$46.2bn	0.114%	-0.108 pp	-0.147 pp	-31.2%	No
Truist Financial → TFC	United States	$40.6bn	0.100%	-0.119 pp	-0.138 pp	-35.5%	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.