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

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 Utilities

Multi-Utilities1.10%-0.15 pp Water Utilities0.06%-0.02 pp Independent Power Producers & Energy Traders0.06%-0.01 pp Electric Utilities1.35%+0.00 pp Gas Utilities0.05%-0.00 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.10%-0.147 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Multi-Utilities · weight

1.10%

Industry change · 12M

-0.15 pp

Multi-Utilities · contribution

-0.147 pp

Company participation

50%

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
NextEra Energy → NEE	United States	$147.4bn	0.334%	-0.070 pp	-0.037 pp	+21.5%	No
Consolidated Edison → ED	United States	$30.9bn	0.070%	-0.014 pp	-0.024 pp	+1.5%	No
PG&E Corporation → PCG	United States	$52.8bn	0.120%	-0.001 pp	-0.021 pp	+12.3%	Yes
Dominion Energy → D	United States	$45.2bn	0.103%	-0.010 pp	-0.015 pp	+20.4%	No
Sempra → SRE	United States	$55.6bn	0.126%	+0.003 pp	-0.014 pp	+21.1%	Yes
Xcel Energy → XEL	United States	$38.8bn	0.088%	+0.003 pp	-0.014 pp	+12.3%	Yes
DTE Energy → DTE	United States	$25.0bn	0.057%	-0.005 pp	-0.011 pp	+13.5%	No
CenterPoint Energy → CNP	United States	$20.7bn	0.047%	+0.003 pp	-0.007 pp	+14.3%	Yes
NiSource → NI	United States	$17.2bn	0.039%	+0.003 pp	+0.006 pp	+43.5%	Yes
CMS Energy → CMS	United States	$19.9bn	0.045%	-0.004 pp	-0.005 pp	+18.6%	No
Ameren → AEE	United States	$23.8bn	0.054%	-0.000 pp	-0.003 pp	+27.5%	Yes
Pinnacle West Capital → PNW	United States	$9.6bn	0.022%	-0.002 pp	-0.002 pp	+23.5%	No

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.