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 Technology29.3%+5.56 pp Consumer Discretionary12.4%+2.29 pp Industrials10.4%-0.00 pp Real Estate2.9%-0.24 pp Materials2.8%-0.35 pp Communication Services2.8%-0.37 pp Energy3.2%-0.82 pp Utilities2.8%-0.82 pp Financials11.5%-0.88 pp Consumer Staples6.6%-1.31 pp Health Care15.2%-3.03 pp

2 · Industry

Inside Financials

Diversified Banks3.62%-0.31 pp Investment Banking & Brokerage1.17%-0.24 pp Asset Management & Custody Banks0.77%+0.19 pp Property & Casualty Insurance1.03%-0.14 pp Life & Health Insurance0.49%-0.12 pp Regional Banks0.33%-0.11 pp Transaction & Payment Processing Services1.26%-0.11 pp Insurance Brokers0.73%-0.09 pp Financial Exchanges & Data1.21%+0.06 pp Multi-line Insurance0.21%-0.03 pp Consumer Finance0.60%+0.02 pp Reinsurance0.05%-0.00 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Regional Banks

Regional Banks0.33%-0.113 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Regional Banks · weight

0.33%

Industry change · 12M

-0.11 pp

Regional Banks · contribution

-0.113 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Dec 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
Citizens Financial Group → CFG	United States	$15.5bn	0.046%	+0.004 pp	-0.024 pp	-11.0%	Yes
M&T Bank → MTB	United States	$22.7bn	0.068%	-0.002 pp	-0.023 pp	-1.7%	Yes
Regions Financial Corporation → RF	United States	$18.0bn	0.054%	-0.000 pp	-0.019 pp	-5.7%	Yes
Huntington Bancshares → HBAN	United States	$18.4bn	0.055%	+0.005 pp	-0.018 pp	-4.7%	Yes
KeyCorp → KEY	United States	$13.5bn	0.040%	+0.007 pp	-0.018 pp	-11.5%	Yes
Fifth Third Bancorp → FITB	United States	$23.5bn	0.070%	+0.012 pp	-0.011 pp	+10.4%	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.