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›Utilities›Multi-Utilities›Multi-Utilities

1 · Sector

Weight and 12M allocation change

Information Technology28.3%+1.04 pp Financials11.9%+0.79 pp Consumer Discretionary12.0%+0.65 pp Industrials10.6%+0.56 pp Consumer Staples7.5%-0.03 pp Materials2.9%-0.23 pp Energy3.3%-0.30 pp Real Estate2.7%-0.32 pp Communication Services2.8%-0.43 pp Utilities2.7%-0.60 pp Health Care15.4%-1.13 pp

2 · Industry

Inside Utilities

Multi-Utilities1.17%-0.32 pp Electric Utilities1.33%-0.24 pp Water Utilities0.07%-0.02 pp Independent Power Producers & Energy Traders0.07%-0.01 pp Gas Utilities0.05%-0.01 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.17%-0.319 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Multi-Utilities · weight

1.17%

Industry change · 12M

-0.32 pp

Multi-Utilities · contribution

-0.319 pp

Company participation

17%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Mar 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
NextEra Energy → NEE	United States	$131.2bn	0.364%	-0.008 pp	-0.159 pp	-14.5%	No
Dominion Energy → D	United States	$41.2bn	0.114%	-0.003 pp	-0.045 pp	-7.0%	No
Sempra → SRE	United States	$45.4bn	0.126%	-0.014 pp	+0.045 pp	-1.7%	Yes
Xcel Energy → XEL	United States	$29.8bn	0.083%	-0.019 pp	-0.044 pp	-17.3%	No
Consolidated Edison → ED	United States	$31.4bn	0.087%	-0.007 pp	-0.029 pp	-1.6%	No
Ameren → AEE	United States	$19.7bn	0.055%	-0.002 pp	-0.023 pp	-11.5%	No
PG&E Corporation → PCG	United States	$43.8bn	0.121%	-0.019 pp	-0.015 pp	+3.8%	No
CenterPoint Energy → CNP	United States	$18.0bn	0.050%	-0.004 pp	-0.013 pp	-0.6%	No
DTE Energy → DTE	United States	$23.2bn	0.064%	-0.004 pp	-0.013 pp	+6.1%	No
CMS Energy → CMS	United States	$17.8bn	0.049%	-0.001 pp	-0.012 pp	+1.7%	No
Pinnacle West Capital → PNW	United States	$8.5bn	0.024%	-0.001 pp	-0.007 pp	-1.3%	No
NiSource → NI	United States	$12.4bn	0.034%	+0.002 pp	-0.005 pp	+2.8%	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.