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%+4.19 pp Consumer Discretionary12.5%+1.15 pp Industrials10.5%+0.21 pp Real Estate2.8%-0.41 pp Materials2.8%-0.42 pp Communication Services2.8%-0.51 pp Utilities2.6%-0.62 pp Energy3.1%-0.63 pp Consumer Staples6.6%-0.85 pp Financials11.6%-1.05 pp Health Care15.5%-1.06 pp

2 · Industry

Inside Financials

Diversified Banks3.68%-0.44 pp Investment Banking & Brokerage1.08%-0.34 pp Regional Banks0.32%-0.15 pp Asset Management & Custody Banks0.75%+0.13 pp Life & Health Insurance0.48%-0.11 pp Transaction & Payment Processing Services1.29%-0.11 pp Insurance Brokers0.77%-0.02 pp Financial Exchanges & Data1.16%+0.02 pp Multi-line Insurance0.22%-0.02 pp Property & Casualty Insurance1.14%-0.01 pp Reinsurance0.05%-0.01 pp Consumer Finance0.65%-0.00 pp Multi-Sector Holdings0.00%+0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks3.68%-0.440 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Diversified Banks · weight

3.68%

Industry change · 12M

-0.44 pp

Diversified Banks · contribution

-0.440 pp

Company participation

71%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Feb 2024 · 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	$271.8bn	0.779%	+0.026 pp	-0.186 pp	+4.5%	Yes
Truist Financial → TFC	United States	$46.7bn	0.134%	+0.000 pp	-0.085 pp	-20.3%	No
U.S. Bancorp → USB	United States	$65.4bn	0.187%	+0.002 pp	-0.070 pp	-7.2%	Yes
PNC Financial Services → PNC	United States	$58.6bn	0.168%	+0.001 pp	-0.054 pp	-2.2%	No
Wells Fargo → WFC	United States	$198.9bn	0.570%	+0.065 pp	-0.054 pp	+22.7%	Yes
JPMorgan Chase → JPM	United States	$535.9bn	1.536%	+0.129 pp	+0.052 pp	+33.5%	Yes
Citigroup → C	United States	$106.1bn	0.304%	+0.029 pp	-0.042 pp	+14.5%	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.