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 Technology34.6%+6.31 pp Utilities2.9%+0.04 pp Consumer Staples7.1%+0.00 pp Real Estate2.6%-0.16 pp Industrials9.7%-0.18 pp Financials11.0%-0.18 pp Materials2.6%-0.35 pp Communication Services2.5%-0.43 pp Consumer Discretionary11.3%-1.04 pp Energy2.5%-1.29 pp Health Care13.5%-2.72 pp

2 · Industry

Inside Financials

Asset Management & Custody Banks0.96%+0.22 pp Transaction & Payment Processing Services1.12%-0.16 pp Insurance Brokers0.71%-0.12 pp Investment Banking & Brokerage1.01%-0.10 pp Consumer Finance0.63%+0.09 pp Property & Casualty Insurance1.14%+0.09 pp Life & Health Insurance0.45%-0.07 pp Diversified Banks3.31%-0.05 pp Multi-line Insurance0.17%-0.04 pp Financial Exchanges & Data1.10%-0.04 pp Reinsurance0.04%-0.01 pp Regional Banks0.32%+0.01 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks3.31%-0.048 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

3.31%

Industry change · 12M

-0.05 pp

Diversified Banks · contribution

-0.048 pp

Company participation

86%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Sep 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
Wells Fargo → WFC	United States	$192.3bn	0.448%	+0.059 pp	-0.052 pp	+42.4%	No
Citigroup → C	United States	$119.4bn	0.278%	+0.051 pp	+0.014 pp	+58.5%	Yes
JPMorgan Chase → JPM	United States	$599.9bn	1.397%	+0.308 pp	-0.011 pp	+49.1%	Yes
Bank of America → BAC	United States	$307.9bn	0.717%	+0.134 pp	-0.010 pp	+49.0%	Yes
PNC Financial Services → PNC	United States	$73.5bn	0.171%	+0.055 pp	+0.008 pp	+57.2%	Yes
Truist Financial → TFC	United States	$57.3bn	0.133%	+0.036 pp	+0.006 pp	+58.3%	Yes
U.S. Bancorp → USB	United States	$71.4bn	0.166%	+0.050 pp	-0.003 pp	+44.8%	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.