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 Technology29.9%+5.36 pp Consumer Discretionary12.3%+1.32 pp Materials2.8%-0.26 pp Communication Services2.9%-0.31 pp Industrials9.8%-0.31 pp Real Estate2.9%-0.32 pp Utilities2.9%-0.55 pp Energy3.3%-0.63 pp Consumer Staples6.8%-0.92 pp Financials11.2%-1.15 pp Health Care15.3%-2.24 pp

2 · Industry

Inside Financials

Diversified Banks3.42%-0.59 pp Investment Banking & Brokerage1.07%-0.36 pp Regional Banks0.30%-0.16 pp Asset Management & Custody Banks0.73%+0.14 pp Life & Health Insurance0.50%-0.11 pp Transaction & Payment Processing Services1.26%-0.09 pp Financial Exchanges & Data1.19%+0.03 pp Consumer Finance0.56%-0.03 pp Insurance Brokers0.82%+0.03 pp Property & Casualty Insurance1.09%-0.01 pp Reinsurance0.06%+0.01 pp Multi-line Insurance0.22%-0.01 pp Multi-Sector Holdings0.00%+0.00 pp

3 · Sub-industry

Inside Regional Banks

Regional Banks0.30%-0.161 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Regional Banks · weight

0.30%

Industry change · 12M

-0.16 pp

Regional Banks · contribution

-0.161 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Nov 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	$21.3bn	0.066%	+0.000 pp	-0.033 pp	-21.6%	Yes
Citizens Financial Group → CFG	United States	$12.7bn	0.040%	-0.003 pp	-0.031 pp	-32.0%	Yes
Regions Financial Corporation → RF	United States	$15.5bn	0.048%	-0.006 pp	-0.025 pp	-25.0%	Yes
Huntington Bancshares → HBAN	United States	$16.3bn	0.051%	-0.000 pp	-0.025 pp	-23.2%	Yes
KeyCorp → KEY	United States	$11.6bn	0.036%	+0.002 pp	-0.023 pp	-29.5%	Yes
Fifth Third Bancorp → FITB	United States	$19.7bn	0.061%	+0.004 pp	-0.023 pp	-16.4%	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.