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 Technology28.3%+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 Diversified Banks

Diversified Banks3.36%-0.420 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Diversified Banks · weight

3.36%

Industry change · 12M

-0.42 pp

Diversified Banks · contribution

-0.420 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
Bank of America → BAC	United States	$217.6bn	0.727%	+0.198 pp	-0.227 pp	-6.7%	Yes
JPMorgan Chase → JPM	United States	$421.4bn	1.407%	+0.424 pp	+0.203 pp	+43.1%	Yes
Wells Fargo → WFC	United States	$149.5bn	0.499%	+0.129 pp	-0.100 pp	+4.5%	Yes
Truist Financial → TFC	United States	$38.1bn	0.127%	+0.034 pp	-0.100 pp	-30.4%	Yes
PNC Financial Services → PNC	United States	$48.9bn	0.163%	+0.047 pp	-0.078 pp	-14.2%	Yes
U.S. Bancorp → USB	United States	$50.7bn	0.169%	+0.052 pp	-0.066 pp	-13.4%	Yes
Citigroup → C	United States	$79.2bn	0.265%	+0.057 pp	-0.053 pp	+3.1%	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.