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 Technology33.7%+4.42 pp Financials12.6%+1.00 pp Consumer Staples7.2%+0.57 pp Utilities2.7%+0.11 pp Communication Services2.7%-0.04 pp Real Estate2.5%-0.34 pp Energy2.6%-0.50 pp Materials2.3%-0.52 pp Consumer Discretionary11.8%-0.67 pp Industrials9.5%-0.95 pp Health Care12.4%-3.07 pp

2 · Industry

Inside Financials

Asset Management & Custody Banks1.53%+0.78 pp Investment Banking & Brokerage1.31%+0.22 pp Diversified Banks3.82%+0.14 pp Transaction & Payment Processing Services1.22%-0.07 pp Life & Health Insurance0.43%-0.05 pp Financial Exchanges & Data1.11%-0.05 pp Consumer Finance0.70%+0.04 pp Multi-line Insurance0.17%-0.04 pp Insurance Brokers0.80%+0.04 pp Reinsurance0.03%-0.01 pp Property & Casualty Insurance1.13%-0.01 pp Regional Banks0.32%+0.01 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks3.82%+0.144 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

3.82%

Industry change · 12M

+0.14 pp

Diversified Banks · contribution

+0.144 pp

Company participation

57%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Feb 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	$740.0bn	1.655%	+0.103 pp	+0.119 pp	+45.5%	Yes
Citigroup → C	United States	$150.7bn	0.337%	+0.041 pp	+0.033 pp	+49.1%	Yes
U.S. Bancorp → USB	United States	$73.2bn	0.164%	-0.020 pp	-0.024 pp	+16.9%	No
Wells Fargo → WFC	United States	$257.5bn	0.576%	+0.016 pp	+0.006 pp	+44.3%	Yes
Bank of America → BAC	United States	$350.6bn	0.784%	-0.020 pp	+0.005 pp	+36.0%	Yes
PNC Financial Services → PNC	United States	$76.0bn	0.170%	-0.018 pp	+0.002 pp	+35.2%	No
Truist Financial → TFC	United States	$60.5bn	0.135%	-0.004 pp	+0.002 pp	+39.1%	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.