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›Utilities›Multi-Utilities›Multi-Utilities

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 Utilities

Electric Utilities1.08%-0.73 pp Multi-Utilities1.04%-0.51 pp Independent Power Producers & Energy Traders0.05%-0.04 pp Water Utilities0.07%-0.03 pp Gas Utilities0.04%-0.02 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.04%-0.513 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Multi-Utilities · weight

1.04%

Industry change · 12M

-0.51 pp

Multi-Utilities · contribution

-0.513 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
NextEra Energy → NEE	United States	$148.6bn	0.367%	-0.129 pp	-0.168 pp	-0.7%	No
Dominion Energy → D	United States	$42.0bn	0.104%	-0.059 pp	-0.142 pp	-37.9%	No
PG&E Corporation → PCG	United States	$41.9bn	0.104%	-0.032 pp	+0.104 pp	+38.9%	No
Xcel Energy → XEL	United States	$35.9bn	0.089%	-0.036 pp	-0.059 pp	-10.8%	No
Consolidated Edison → ED	United States	$32.3bn	0.080%	-0.032 pp	-0.047 pp	-2.8%	No
DTE Energy → DTE	United States	$22.2bn	0.055%	-0.025 pp	-0.038 pp	-16.4%	No
Sempra → SRE	United States	$22.6bn	0.056%	-0.027 pp	-0.037 pp	-9.7%	No
Ameren → AEE	United States	$21.3bn	0.053%	-0.024 pp	-0.036 pp	-12.5%	No
CMS Energy → CMS	United States	$16.9bn	0.042%	-0.019 pp	-0.032 pp	-15.8%	No
CenterPoint Energy → CNP	United States	$17.8bn	0.044%	-0.018 pp	-0.029 pp	-9.8%	No
NiSource → NI	United States	$11.1bn	0.027%	-0.012 pp	-0.019 pp	-11.4%	No
Pinnacle West Capital → PNW	United States	$8.8bn	0.022%	-0.008 pp	-0.010 pp	+4.3%	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.