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

Industrials10.8%+1.00 pp Consumer Discretionary12.0%+1.00 pp Financials11.9%+0.68 pp Information Technology27.8%+0.62 pp Consumer Staples7.8%+0.06 pp Materials2.9%-0.19 pp Energy3.3%-0.23 pp Real Estate2.6%-0.43 pp Communication Services2.7%-0.45 pp Utilities2.9%-0.48 pp Health Care15.3%-1.58 pp

2 · Industry

Inside Financials

Diversified Banks3.90%+0.41 pp Asset Management & Custody Banks0.72%+0.20 pp Property & Casualty Insurance1.19%+0.14 pp Consumer Finance0.70%+0.12 pp Transaction & Payment Processing Services1.29%-0.09 pp Insurance Brokers0.75%-0.07 pp Life & Health Insurance0.48%-0.03 pp Financial Exchanges & Data1.11%-0.02 pp Multi-line Insurance0.22%+0.02 pp Investment Banking & Brokerage1.18%-0.01 pp Regional Banks0.33%+0.00 pp Reinsurance0.05%-0.00 pp Multi-Sector Holdings0.00%+0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks3.90%+0.414 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

3.90%

Industry change · 12M

+0.41 pp

Diversified Banks · contribution

+0.414 pp

Company participation

86%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Apr 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
JPMorgan Chase → JPM	United States	$552.3bn	1.600%	+0.101 pp	+0.225 pp	+42.4%	Yes
Wells Fargo → WFC	United States	$212.2bn	0.615%	+0.073 pp	+0.105 pp	+54.0%	Yes
Bank of America → BAC	United States	$289.4bn	0.838%	+0.038 pp	+0.047 pp	+30.4%	Yes
Citigroup → C	United States	$117.2bn	0.340%	+0.020 pp	+0.031 pp	+34.8%	Yes
U.S. Bancorp → USB	United States	$63.3bn	0.183%	-0.009 pp	+0.006 pp	+24.9%	No
Truist Financial → TFC	United States	$50.1bn	0.145%	-0.002 pp	-0.001 pp	+23.3%	Yes
PNC Financial Services → PNC	United States	$61.0bn	0.177%	-0.003 pp	+0.001 pp	+23.1%	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.