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›Regional Banks›Regional 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 Regional Banks

Regional Banks0.22%-0.282 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Regional Banks · weight

0.22%

Industry change · 12M

-0.28 pp

Regional Banks · contribution

-0.282 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
M&T Bank → MTB	United States	$19.8bn	0.049%	-0.043 pp	-0.067 pp	-31.6%	No
Fifth Third Bancorp → FITB	United States	$16.5bn	0.041%	-0.046 pp	-0.057 pp	-35.9%	No
KeyCorp → KEY	United States	$8.7bn	0.022%	-0.038 pp	-0.045 pp	-50.6%	No
Citizens Financial Group → CFG	United States	$12.5bn	0.031%	-0.040 pp	-0.043 pp	-34.8%	No
Huntington Bancshares → HBAN	United States	$14.9bn	0.037%	-0.041 pp	-0.035 pp	-22.0%	No
Regions Financial Corporation → RF	United States	$16.2bn	0.040%	-0.037 pp	-0.034 pp	-19.0%	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.