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

Materials30.1%+27.83 pp Energy2.0%-0.58 pp Communication Services2.1%-0.59 pp Utilities2.1%-0.66 pp Real Estate1.6%-0.88 pp Industrials7.7%-1.89 pp Consumer Staples4.9%-2.28 pp Consumer Discretionary8.4%-3.45 pp Health Care8.2%-4.24 pp Financials7.7%-4.88 pp Information Technology25.3%-8.39 pp

2 · Industry

Inside Financials

Diversified Banks2.53%-1.29 pp Transaction & Payment Processing Services0.51%-0.71 pp Asset Management & Custody Banks0.87%-0.66 pp Financial Exchanges & Data0.62%-0.49 pp Property & Casualty Insurance0.70%-0.44 pp Insurance Brokers0.38%-0.43 pp Investment Banking & Brokerage0.99%-0.32 pp Consumer Finance0.49%-0.21 pp Life & Health Insurance0.24%-0.19 pp Regional Banks0.25%-0.07 pp Multi-line Insurance0.11%-0.07 pp Reinsurance0.02%-0.02 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks2.53%-1.290 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

2.53%

Industry change · 12M

-1.29 pp

Diversified Banks · contribution

-1.290 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Feb 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
JPMorgan Chase → JPM	United States	$809.9bn	1.112%	-0.562 pp	-0.543 pp	+15.8%	No
Bank of America → BAC	United States	$357.6bn	0.491%	-0.279 pp	-0.293 pp	+10.6%	No
Wells Fargo → WFC	United States	$251.3bn	0.345%	-0.184 pp	-0.231 pp	+6.3%	No
Citigroup → C	United States	$192.8bn	0.265%	-0.100 pp	-0.072 pp	+41.4%	No
PNC Financial Services → PNC	United States	$85.7bn	0.118%	-0.029 pp	-0.052 pp	+14.7%	No
Truist Financial → TFC	United States	$61.6bn	0.085%	-0.032 pp	-0.051 pp	+11.5%	No
U.S. Bancorp → USB	United States	$84.9bn	0.117%	-0.033 pp	-0.047 pp	+21.7%	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.