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

Materials32.1%+29.08 pp Energy2.4%-0.93 pp Real Estate2.0%-1.30 pp Utilities2.1%-1.36 pp Communication Services1.9%-1.47 pp Consumer Discretionary8.6%-2.35 pp Consumer Staples4.9%-2.62 pp Industrials7.0%-2.73 pp Financials7.7%-3.97 pp Health Care10.9%-5.94 pp Information Technology20.2%-6.43 pp

2 · Industry

Inside Utilities

Electric Utilities1.01%-0.69 pp Multi-Utilities0.94%-0.58 pp Water Utilities0.06%-0.03 pp Independent Power Producers & Energy Traders0.05%-0.03 pp Gas Utilities0.04%-0.02 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities0.94%-0.581 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Multi-Utilities · weight

0.94%

Industry change · 12M

-0.58 pp

Multi-Utilities · contribution

-0.581 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jul 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	$148.3bn	0.323%	-0.200 pp	-0.247 pp	-11.2%	No
Dominion Energy → D	United States	$44.8bn	0.098%	-0.064 pp	-0.131 pp	-31.7%	No
PG&E Corporation → PCG	United States	$45.2bn	0.099%	-0.044 pp	+0.099 pp	+62.2%	No
Xcel Energy → XEL	United States	$34.6bn	0.075%	-0.055 pp	-0.062 pp	-11.7%	No
Consolidated Edison → ED	United States	$32.9bn	0.072%	-0.046 pp	-0.049 pp	-1.2%	No
Sempra → SRE	United States	$23.4bn	0.051%	-0.031 pp	-0.038 pp	-7.3%	No
DTE Energy → DTE	United States	$23.6bn	0.051%	-0.027 pp	-0.035 pp	-9.4%	No
Ameren → AEE	United States	$22.5bn	0.049%	-0.030 pp	-0.034 pp	-5.4%	No
CMS Energy → CMS	United States	$17.8bn	0.039%	-0.022 pp	-0.030 pp	-8.4%	No
CenterPoint Energy → CNP	United States	$19.0bn	0.041%	-0.024 pp	-0.027 pp	-2.7%	No
NiSource → NI	United States	$11.5bn	0.025%	-0.015 pp	-0.017 pp	-5.0%	No
Pinnacle West Capital → PNW	United States	$9.4bn	0.020%	-0.010 pp	-0.008 pp	+18.0%	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.