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 Technology32.5%+4.21 pp Financials12.6%+0.68 pp Utilities2.9%+0.21 pp Communication Services2.8%+0.07 pp Consumer Staples7.3%-0.17 pp Real Estate2.5%-0.21 pp Energy2.8%-0.42 pp Materials2.4%-0.51 pp Consumer Discretionary11.4%-0.59 pp Industrials9.8%-0.82 pp Health Care12.9%-2.46 pp

2 · Industry

Inside Financials

Asset Management & Custody Banks1.47%+0.71 pp Diversified Banks3.71%-0.15 pp Investment Banking & Brokerage1.26%+0.12 pp Insurance Brokers0.86%+0.10 pp Property & Casualty Insurance1.24%+0.07 pp Transaction & Payment Processing Services1.24%-0.06 pp Life & Health Insurance0.44%-0.05 pp Multi-line Insurance0.19%-0.03 pp Regional Banks0.31%-0.02 pp Reinsurance0.04%-0.01 pp Consumer Finance0.66%-0.00 pp Financial Exchanges & Data1.14%+0.00 pp Multi-Sector Holdings0.00%+0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks3.71%-0.145 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

3.71%

Industry change · 12M

-0.15 pp

Diversified Banks · contribution

-0.145 pp

Company participation

43%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Mar 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
Bank of America → BAC	United States	$317.3bn	0.753%	-0.011 pp	-0.075 pp	+12.8%	No
U.S. Bancorp → USB	United States	$65.9bn	0.156%	-0.013 pp	-0.037 pp	-1.1%	No
JPMorgan Chase → JPM	United States	$685.9bn	1.628%	+0.098 pp	+0.028 pp	+25.3%	Yes
Citigroup → C	United States	$133.8bn	0.318%	+0.016 pp	-0.018 pp	+16.1%	Yes
Truist Financial → TFC	United States	$53.7bn	0.128%	-0.003 pp	-0.017 pp	+10.8%	No
Wells Fargo → WFC	United States	$236.1bn	0.560%	+0.030 pp	-0.015 pp	+26.9%	Yes
PNC Financial Services → PNC	United States	$69.6bn	0.165%	-0.008 pp	-0.013 pp	+12.8%	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.