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

Information Technology28.8%+2.60 pp Consumer Discretionary12.5%+1.60 pp Industrials10.0%+0.17 pp Energy3.5%-0.07 pp Materials2.9%-0.09 pp Real Estate2.9%-0.37 pp Health Care15.9%-0.60 pp Communication Services2.8%-0.63 pp Consumer Staples7.1%-0.63 pp Utilities2.9%-0.75 pp Financials10.7%-1.24 pp

2 · Industry

Inside Financials

Diversified Banks3.28%-0.51 pp Investment Banking & Brokerage1.11%-0.23 pp Transaction & Payment Processing Services1.29%-0.23 pp Regional Banks0.31%-0.16 pp Consumer Finance0.54%-0.07 pp Asset Management & Custody Banks0.49%-0.07 pp Life & Health Insurance0.50%-0.05 pp Financial Exchanges & Data1.15%+0.05 pp Insurance Brokers0.82%+0.04 pp Multi-line Insurance0.20%-0.02 pp Reinsurance0.05%+0.01 pp Property & Casualty Insurance0.97%+0.00 pp Multi-Sector Holdings0.00%+0.00 pp

3 · Sub-industry

Inside Regional Banks

Regional Banks0.31%-0.158 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Regional Banks · weight

0.31%

Industry change · 12M

-0.16 pp

Regional Banks · contribution

-0.158 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Aug 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	$20.8bn	0.066%	+0.017 pp	-0.048 pp	-28.7%	Yes
Fifth Third Bancorp → FITB	United States	$18.1bn	0.058%	+0.017 pp	-0.026 pp	-18.7%	Yes
KeyCorp → KEY	United States	$10.6bn	0.034%	+0.012 pp	-0.025 pp	-31.9%	Yes
Citizens Financial Group → CFG	United States	$13.3bn	0.042%	+0.012 pp	-0.023 pp	-19.6%	Yes
Huntington Bancshares → HBAN	United States	$16.1bn	0.051%	+0.014 pp	-0.018 pp	-12.9%	Yes
Regions Financial Corporation → RF	United States	$17.2bn	0.055%	+0.015 pp	-0.018 pp	-10.8%	Yes

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.