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 Technology38.2%+3.54 pp Financials11.8%+0.88 pp Consumer Discretionary12.1%+0.80 pp Industrials9.7%-0.00 pp Communication Services2.4%-0.05 pp Utilities2.7%-0.15 pp Energy2.3%-0.17 pp Materials2.1%-0.43 pp Real Estate2.2%-0.45 pp Consumer Staples6.2%-0.90 pp Health Care10.4%-3.06 pp

2 · Industry

Inside Financials

Diversified Banks3.84%+0.53 pp Asset Management & Custody Banks1.45%+0.49 pp Investment Banking & Brokerage1.41%+0.40 pp Transaction & Payment Processing Services0.90%-0.21 pp Consumer Finance0.79%+0.16 pp Financial Exchanges & Data0.94%-0.16 pp Property & Casualty Insurance1.00%-0.13 pp Life & Health Insurance0.36%-0.09 pp Insurance Brokers0.64%-0.07 pp Multi-line Insurance0.15%-0.02 pp Regional Banks0.31%-0.01 pp Reinsurance0.03%-0.01 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks3.84%+0.530 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

3.84%

Industry change · 12M

+0.53 pp

Diversified Banks · contribution

+0.530 pp

Company participation

43%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Sep 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	$867.4bn	1.736%	-0.001 pp	+0.340 pp	+53.0%	Yes
Citigroup → C	United States	$186.9bn	0.374%	+0.031 pp	+0.096 pp	+67.1%	Yes
Wells Fargo → WFC	United States	$268.5bn	0.538%	-0.025 pp	+0.090 pp	+51.7%	No
Bank of America → BAC	United States	$382.1bn	0.765%	-0.004 pp	+0.048 pp	+33.1%	Yes
U.S. Bancorp → USB	United States	$75.2bn	0.151%	-0.001 pp	-0.016 pp	+10.4%	No
Truist Financial → TFC	United States	$59.0bn	0.118%	-0.003 pp	-0.015 pp	+12.2%	No
PNC Financial Services → PNC	United States	$79.1bn	0.158%	-0.001 pp	-0.013 pp	+12.6%	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.