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›Materials›Gold›Gold

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 Materials

Industrial Gases0.68%-0.13 pp Specialty Chemicals0.63%-0.08 pp Fertilizers & Agricultural Chemicals0.15%-0.07 pp Steel0.13%-0.06 pp Gold0.14%+0.04 pp Commodity Chemicals0.09%-0.03 pp Construction Materials0.15%-0.02 pp Paper & Plastic Packaging Products & Materials0.38%+0.02 pp Copper0.17%-0.01 pp Metal, Glass & Plastic Containers0.05%-0.00 pp

3 · Sub-industry

Inside Gold

Gold0.14%+0.045 pp

Concentrated

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

View all contributions →

Gold · weight

0.14%

Industry change · 12M

+0.04 pp

Gold · contribution

+0.045 pp

Company participation

100%

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
Newmont → NEM	United States	$61.3bn	0.143%	+0.052 pp	+0.045 pp	+48.9%	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.