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 Technology38.1%+4.07 pp Utilities2.8%-0.02 pp Consumer Discretionary12.0%-0.02 pp Energy2.3%-0.32 pp Materials2.1%-0.33 pp Real Estate2.1%-0.38 pp Industrials9.4%-0.40 pp Communication Services2.2%-0.48 pp Health Care11.5%-0.58 pp Consumer Staples6.2%-0.72 pp Financials11.4%-0.82 pp

2 · Industry

Inside Financials

Transaction & Payment Processing Services0.79%-0.41 pp Investment Banking & Brokerage1.41%+0.20 pp Insurance Brokers0.57%-0.17 pp Financial Exchanges & Data0.92%-0.15 pp Property & Casualty Insurance0.98%-0.15 pp Consumer Finance0.82%+0.13 pp Asset Management & Custody Banks1.33%-0.11 pp Life & Health Insurance0.34%-0.10 pp Regional Banks0.29%-0.06 pp Diversified Banks3.75%+0.03 pp Multi-line Insurance0.15%-0.03 pp Reinsurance0.03%-0.01 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks3.75%+0.028 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

3.75%

Industry change · 12M

+0.03 pp

Diversified Banks · contribution

+0.028 pp

Company participation

29%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Nov 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	$852.3bn	1.674%	-0.044 pp	+0.123 pp	+28.0%	No
Citigroup → C	United States	$185.4bn	0.364%	-0.004 pp	+0.068 pp	+50.2%	Yes
PNC Financial Services → PNC	United States	$74.8bn	0.147%	-0.022 pp	-0.041 pp	-7.9%	No
Bank of America → BAC	United States	$391.8bn	0.770%	-0.010 pp	-0.035 pp	+15.6%	Yes
U.S. Bancorp → USB	United States	$76.2bn	0.150%	-0.008 pp	-0.034 pp	-3.8%	No
Wells Fargo → WFC	United States	$269.5bn	0.529%	-0.016 pp	-0.030 pp	+15.2%	No
Truist Financial → TFC	United States	$59.5bn	0.117%	-0.008 pp	-0.023 pp	+2.3%	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.