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 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 Diversified Banks

Diversified Banks3.62%-0.312 pp

Concentrated

Most of this industry's losses came from a few companies.

View all contributions →

Diversified Banks · weight

3.62%

Industry change · 12M

-0.31 pp

Diversified Banks · contribution

-0.312 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
Bank of America → BAC	United States	$266.5bn	0.795%	+0.068 pp	-0.164 pp	+4.8%	Yes
Truist Financial → TFC	United States	$49.2bn	0.147%	+0.020 pp	-0.059 pp	-8.6%	Yes
JPMorgan Chase → JPM	United States	$491.8bn	1.466%	+0.059 pp	+0.047 pp	+30.6%	Yes
PNC Financial Services → PNC	United States	$61.7bn	0.184%	+0.021 pp	-0.046 pp	+2.7%	Yes
Wells Fargo → WFC	United States	$178.7bn	0.533%	+0.034 pp	-0.035 pp	+22.9%	Yes
U.S. Bancorp → USB	United States	$67.4bn	0.201%	+0.032 pp	-0.033 pp	+4.8%	Yes
Citigroup → C	United States	$98.5bn	0.294%	+0.029 pp	-0.023 pp	+19.0%	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.