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%+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 Regional Banks

Regional Banks0.32%-0.147 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Regional Banks · weight

0.32%

Industry change · 12M

-0.15 pp

Regional Banks · contribution

-0.147 pp

Company participation

50%

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
Citizens Financial Group → CFG	United States	$14.4bn	0.041%	+0.002 pp	-0.030 pp	-20.3%	No
Regions Financial Corporation → RF	United States	$17.1bn	0.049%	+0.001 pp	-0.028 pp	-15.1%	No
M&T Bank → MTB	United States	$23.3bn	0.067%	+0.000 pp	-0.025 pp	-6.4%	No
Huntington Bancshares → HBAN	United States	$18.9bn	0.054%	+0.003 pp	-0.024 pp	-10.1%	Yes
KeyCorp → KEY	United States	$13.3bn	0.038%	+0.002 pp	-0.022 pp	-16.2%	Yes
Fifth Third Bancorp → FITB	United States	$23.4bn	0.067%	+0.006 pp	-0.020 pp	-0.6%	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.