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

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 Utilities

Multi-Utilities1.25%-0.26 pp Electric Utilities1.41%-0.19 pp Water Utilities0.07%-0.03 pp Gas Utilities0.05%-0.00 pp Independent Power Producers & Energy Traders0.08%+0.00 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.25%-0.257 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Multi-Utilities · weight

1.25%

Industry change · 12M

-0.26 pp

Multi-Utilities · contribution

-0.257 pp

Company participation

75%

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
NextEra Energy → NEE	United States	$137.6bn	0.398%	+0.041 pp	-0.125 pp	-9.9%	Yes
Sempra → SRE	United States	$45.3bn	0.131%	-0.003 pp	+0.049 pp	-4.7%	No
Xcel Energy → XEL	United States	$29.9bn	0.086%	-0.012 pp	-0.043 pp	-20.3%	No
Dominion Energy → D	United States	$42.7bn	0.124%	+0.010 pp	-0.038 pp	-5.7%	Yes
Consolidated Edison → ED	United States	$32.6bn	0.094%	+0.001 pp	-0.024 pp	-0.6%	Yes
Ameren → AEE	United States	$19.7bn	0.057%	+0.003 pp	-0.022 pp	-14.2%	Yes
PG&E Corporation → PCG	United States	$44.7bn	0.130%	-0.001 pp	-0.013 pp	+0.1%	No
DTE Energy → DTE	United States	$22.8bn	0.066%	+0.001 pp	-0.012 pp	+1.7%	Yes
CenterPoint Energy → CNP	United States	$18.6bn	0.054%	+0.002 pp	-0.011 pp	-1.7%	Yes
CMS Energy → CMS	United States	$18.1bn	0.052%	+0.003 pp	-0.009 pp	+0.7%	Yes
Pinnacle West Capital → PNW	United States	$8.4bn	0.024%	+0.001 pp	-0.006 pp	-1.6%	Yes
NiSource → NI	United States	$12.5bn	0.036%	+0.004 pp	-0.004 pp	+1.7%	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.