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 Technology33.1%+5.29 pp Financials12.3%+0.37 pp Communication Services2.8%+0.09 pp Utilities2.9%+0.07 pp Real Estate2.5%-0.09 pp Consumer Staples7.6%-0.20 pp Materials2.3%-0.53 pp Consumer Discretionary11.5%-0.54 pp Energy2.4%-0.88 pp Industrials9.9%-0.92 pp Health Care12.6%-2.65 pp

2 · Industry

Inside Financials

Asset Management & Custody Banks1.44%+0.72 pp Diversified Banks3.65%-0.24 pp Transaction & Payment Processing Services1.18%-0.11 pp Investment Banking & Brokerage1.28%+0.10 pp Life & Health Insurance0.42%-0.06 pp Insurance Brokers0.80%+0.04 pp Multi-line Insurance0.18%-0.04 pp Regional Banks0.30%-0.04 pp Consumer Finance0.66%-0.04 pp Property & Casualty Insurance1.22%+0.03 pp Reinsurance0.04%-0.01 pp Financial Exchanges & Data1.12%+0.01 pp Multi-Sector Holdings0.00%+0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks3.65%-0.245 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

3.65%

Industry change · 12M

-0.24 pp

Diversified Banks · contribution

-0.245 pp

Company participation

14%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Apr 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	$300.4bn	0.721%	-0.069 pp	-0.117 pp	+10.4%	No
Wells Fargo → WFC	United States	$231.1bn	0.555%	-0.028 pp	-0.060 pp	+22.6%	No
JPMorgan Chase → JPM	United States	$684.0bn	1.642%	-0.031 pp	+0.043 pp	+30.5%	Yes
U.S. Bancorp → USB	United States	$62.9bn	0.151%	-0.015 pp	-0.032 pp	+3.9%	No
Citigroup → C	United States	$128.9bn	0.309%	-0.033 pp	-0.030 pp	+15.3%	No
Truist Financial → TFC	United States	$50.2bn	0.121%	-0.020 pp	-0.025 pp	+7.2%	No
PNC Financial Services → PNC	United States	$63.6bn	0.153%	-0.025 pp	-0.024 pp	+8.7%	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.