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 Technology33.6%+3.90 pp Consumer Discretionary13.1%+1.27 pp Financials12.6%+0.85 pp Consumer Staples6.8%+0.07 pp Utilities2.6%-0.07 pp Communication Services2.5%-0.41 pp Real Estate2.3%-0.46 pp Materials2.3%-0.48 pp Industrials9.6%-0.62 pp Energy2.5%-0.66 pp Health Care12.2%-3.40 pp

2 · Industry

Inside Financials

Asset Management & Custody Banks1.67%+0.92 pp Diversified Banks3.87%+0.19 pp Investment Banking & Brokerage1.26%+0.15 pp Financial Exchanges & Data1.08%-0.14 pp Consumer Finance0.73%+0.09 pp Property & Casualty Insurance1.05%-0.09 pp Transaction & Payment Processing Services1.23%-0.08 pp Life & Health Insurance0.43%-0.08 pp Multi-line Insurance0.17%-0.05 pp Insurance Brokers0.70%-0.05 pp Reinsurance0.03%-0.02 pp Regional Banks0.33%+0.00 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks3.87%+0.194 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

3.87%

Industry change · 12M

+0.19 pp

Diversified Banks · contribution

+0.194 pp

Company participation

86%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jan 2025 · 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	$752.5bn	1.673%	+0.205 pp	+0.175 pp	+56.8%	Yes
Wells Fargo → WFC	United States	$262.4bn	0.583%	+0.075 pp	+0.042 pp	+61.2%	Yes
U.S. Bancorp → USB	United States	$74.5bn	0.166%	-0.011 pp	-0.027 pp	+20.3%	No
Citigroup → C	United States	$154.0bn	0.342%	+0.055 pp	+0.023 pp	+50.4%	Yes
Bank of America → BAC	United States	$355.3bn	0.790%	+0.036 pp	-0.010 pp	+39.6%	Yes
Truist Financial → TFC	United States	$63.2bn	0.141%	+0.005 pp	-0.006 pp	+35.3%	Yes
PNC Financial Services → PNC	United States	$79.7bn	0.177%	+0.001 pp	-0.002 pp	+37.8%	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.