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›Utilities›Multi-Utilities›Multi-Utilities

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 Utilities

Multi-Utilities1.10%-0.06 pp Electric Utilities1.46%+0.03 pp Independent Power Producers & Energy Traders0.08%+0.02 pp Water Utilities0.05%-0.01 pp Gas Utilities0.06%+0.00 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.10%-0.057 pp

Concentrated

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

View all contributions →

Multi-Utilities · weight

1.10%

Industry change · 12M

-0.06 pp

Multi-Utilities · contribution

-0.057 pp

Company participation

75%

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
PG&E Corporation → PCG	United States	$43.1bn	0.085%	-0.000 pp	-0.040 pp	-25.0%	Yes
Sempra → SRE	United States	$61.8bn	0.121%	+0.010 pp	-0.009 pp	+4.4%	Yes
Consolidated Edison → ED	United States	$36.2bn	0.071%	-0.002 pp	-0.006 pp	+3.2%	No
CenterPoint Energy → CNP	United States	$26.1bn	0.051%	+0.000 pp	+0.004 pp	+25.5%	Yes
NextEra Energy → NEE	United States	$179.7bn	0.353%	+0.045 pp	-0.004 pp	+13.1%	Yes
Dominion Energy → D	United States	$53.6bn	0.105%	-0.001 pp	-0.004 pp	+10.7%	Yes
Xcel Energy → XEL	United States	$48.6bn	0.095%	+0.007 pp	+0.003 pp	+16.9%	Yes
Pinnacle West Capital → PNW	United States	$10.9bn	0.021%	-0.001 pp	-0.002 pp	+0.9%	No
NiSource → NI	United States	$21.1bn	0.041%	+0.000 pp	+0.002 pp	+19.1%	Yes
DTE Energy → DTE	United States	$28.5bn	0.056%	-0.003 pp	-0.002 pp	+12.6%	No
Ameren → AEE	United States	$28.8bn	0.057%	+0.001 pp	+0.001 pp	+16.0%	Yes
CMS Energy → CMS	United States	$23.0bn	0.045%	+0.001 pp	-0.001 pp	+11.5%	Yes

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.