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 Technology35.4%+6.08 pp Financials12.0%+0.50 pp Consumer Discretionary12.8%+0.34 pp Consumer Staples6.7%+0.10 pp Utilities2.6%-0.18 pp Communication Services2.5%-0.30 pp Real Estate2.3%-0.61 pp Materials2.2%-0.64 pp Energy2.4%-0.74 pp Industrials9.3%-1.06 pp Health Care11.7%-3.51 pp

2 · Industry

Inside Financials

Asset Management & Custody Banks1.61%+0.83 pp Financial Exchanges & Data1.05%-0.16 pp Consumer Finance0.69%+0.08 pp Life & Health Insurance0.42%-0.08 pp Transaction & Payment Processing Services1.19%-0.07 pp Multi-line Insurance0.17%-0.05 pp Insurance Brokers0.69%-0.04 pp Property & Casualty Insurance1.06%+0.03 pp Diversified Banks3.60%-0.02 pp Regional Banks0.32%-0.01 pp Reinsurance0.04%-0.01 pp Investment Banking & Brokerage1.16%-0.01 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks3.60%-0.019 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

3.60%

Industry change · 12M

-0.02 pp

Diversified Banks · contribution

-0.019 pp

Company participation

86%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Dec 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	$674.9bn	1.530%	+0.134 pp	+0.064 pp	+44.3%	Yes
U.S. Bancorp → USB	United States	$74.6bn	0.169%	+0.003 pp	-0.032 pp	+15.6%	Yes
Bank of America → BAC	United States	$337.2bn	0.765%	+0.048 pp	-0.030 pp	+33.9%	Yes
Truist Financial → TFC	United States	$57.6bn	0.131%	-0.003 pp	-0.016 pp	+23.7%	No
PNC Financial Services → PNC	United States	$76.5bn	0.174%	+0.002 pp	-0.010 pp	+29.4%	Yes
Citigroup → C	United States	$133.1bn	0.302%	+0.024 pp	+0.008 pp	+41.9%	Yes
Wells Fargo → WFC	United States	$233.9bn	0.530%	+0.083 pp	-0.003 pp	+46.5%	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.