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

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 Diversified Banks

Diversified Banks3.28%-0.511 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Diversified Banks · weight

3.28%

Industry change · 12M

-0.51 pp

Diversified Banks · contribution

-0.511 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
Bank of America → BAC	United States	$227.8bn	0.726%	+0.179 pp	-0.241 pp	-11.7%	Yes
JPMorgan Chase → JPM	United States	$425.2bn	1.355%	+0.375 pp	+0.162 pp	+32.7%	Yes
Wells Fargo → WFC	United States	$151.1bn	0.481%	+0.112 pp	-0.112 pp	-2.8%	Yes
Truist Financial → TFC	United States	$40.7bn	0.130%	+0.029 pp	-0.093 pp	-30.9%	Yes
Citigroup → C	United States	$79.5bn	0.253%	+0.040 pp	-0.085 pp	-11.6%	Yes
PNC Financial Services → PNC	United States	$48.1bn	0.153%	+0.039 pp	-0.079 pp	-20.2%	Yes
U.S. Bancorp → USB	United States	$56.0bn	0.178%	+0.065 pp	-0.064 pp	-15.7%	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.