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
1 · Sector
Weight and 12M allocation change
2 · Industry
Inside Financials
Transaction & Payment Processing Services0.73%-0.50 ppAsset Management & Custody Banks1.38%-0.30 ppInvestment Banking & Brokerage1.51%+0.26 ppInsurance Brokers0.55%-0.15 ppDiversified Banks3.74%-0.14 ppProperty & Casualty Insurance0.92%-0.12 ppFinancial Exchanges & Data0.96%-0.12 ppLife & Health Insurance0.35%-0.08 ppConsumer Finance0.78%+0.05 ppMulti-line Insurance0.14%-0.03 ppRegional Banks0.32%-0.01 ppReinsurance0.03%-0.01 ppMulti-Sector Holdings0.00%-0.00 pp
3 · Sub-industry
Inside Financial Exchanges & Data
Financial Exchanges & Data · weight
0.96%
Industry change · 12M
-0.12 pp
Financial Exchanges & Data · contribution
-0.121 pp
Company participation
75%
of industry constituents above their 6M weight average
4 · Companies driving this sub-industry
Jan 2026 · 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 |
|---|---|---|---|---|---|---|---|
| S&P Global → SPGI | United States | $151.2bn | 0.289% | +0.016 pp | -0.051 pp | +2.0% | No |
| Moody's Corporation → MCO | United States | $92.0bn | 0.176% | +0.008 pp | -0.025 pp | +4.0% | Yes |
| FactSet → FDS | United States | $9.4bn | 0.018% | -0.002 pp | -0.022 pp | -45.8% | No |
| MSCI → MSCI | United States | $45.8bn | 0.088% | +0.001 pp | -0.016 pp | +3.4% | Yes |
| Intercontinental Exchange → ICE | United States | $99.1bn | 0.190% | +0.026 pp | -0.014 pp | +10.0% | Yes |
| Cboe Global Markets → CBOE | United States | $27.7bn | 0.053% | +0.003 pp | +0.006 pp | +30.5% | Yes |
| CME Group → CME | United States | $19.3bn | 0.037% | +0.002 pp | +0.002 pp | +24.5% | Yes |
| Nasdaq, Inc. → NDAQ | United States | $55.3bn | 0.106% | +0.010 pp | +0.001 pp | +19.1% | 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.