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 Technology28.3%+2.98 pp Consumer Discretionary12.3%+1.34 pp Industrials9.9%+0.26 pp Energy3.7%+0.18 pp Materials2.9%-0.09 pp Communication Services2.9%-0.40 pp Real Estate2.8%-0.49 pp Utilities2.8%-0.68 pp Consumer Staples7.1%-0.72 pp Financials11.1%-0.86 pp Health Care16.2%-1.52 pp

2 · Industry

Inside Financials

Diversified Banks3.36%-0.42 pp Investment Banking & Brokerage1.11%-0.26 pp Transaction & Payment Processing Services1.28%-0.22 pp Asset Management & Custody Banks0.74%+0.19 pp Regional Banks0.31%-0.17 pp Financial Exchanges & Data1.14%+0.06 pp Consumer Finance0.53%-0.06 pp Life & Health Insurance0.52%-0.05 pp Insurance Brokers0.84%+0.03 pp Property & Casualty Insurance1.04%+0.02 pp Reinsurance0.05%+0.01 pp Multi-line Insurance0.22%-0.00 pp Multi-Sector Holdings0.00%+0.00 pp

3 · Sub-industry

Inside Regional Banks

Regional Banks0.31%-0.174 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Regional Banks · weight

0.31%

Industry change · 12M

-0.17 pp

Regional Banks · contribution

-0.174 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Sep 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	$21.0bn	0.070%	+0.023 pp	-0.052 pp	-25.6%	Yes
Fifth Third Bancorp → FITB	United States	$17.2bn	0.058%	+0.016 pp	-0.029 pp	-16.7%	Yes
KeyCorp → KEY	United States	$10.1bn	0.034%	+0.014 pp	-0.025 pp	-28.6%	Yes
Citizens Financial Group → CFG	United States	$12.7bn	0.042%	+0.013 pp	-0.025 pp	-18.2%	Yes
Huntington Bancshares → HBAN	United States	$15.1bn	0.050%	+0.014 pp	-0.024 pp	-16.7%	Yes
Regions Financial Corporation → RF	United States	$16.1bn	0.054%	+0.015 pp	-0.020 pp	-10.5%	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.