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

Materials29.2%+26.88 pp Energy2.3%-0.54 pp Communication Services2.2%-0.64 pp Utilities2.1%-0.78 pp Real Estate1.6%-0.97 pp Industrials7.6%-2.18 pp Consumer Staples4.9%-2.47 pp Consumer Discretionary8.4%-3.06 pp Financials7.9%-4.65 pp Health Care8.0%-4.97 pp Information Technology25.9%-6.63 pp

2 · Industry

Inside Utilities

Electric Utilities1.11%-0.42 pp Multi-Utilities0.87%-0.31 pp Water Utilities0.04%-0.03 pp Gas Utilities0.04%-0.01 pp Independent Power Producers & Energy Traders0.06%-0.01 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities0.87%-0.312 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Multi-Utilities · weight

0.87%

Industry change · 12M

-0.31 pp

Multi-Utilities · contribution

-0.312 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Mar 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
NextEra Energy → NEE	United States	$193.5bn	0.282%	-0.046 pp	-0.064 pp	+34.9%	No
PG&E Corporation → PCG	United States	$47.0bn	0.068%	-0.016 pp	-0.040 pp	+3.2%	No
Dominion Energy → D	United States	$54.3bn	0.079%	-0.019 pp	-0.034 pp	+15.4%	No
Consolidated Edison → ED	United States	$40.9bn	0.060%	-0.011 pp	-0.031 pp	+5.8%	No
Xcel Energy → XEL	United States	$49.6bn	0.072%	-0.013 pp	-0.024 pp	+15.8%	No
DTE Energy → DTE	United States	$30.4bn	0.044%	-0.008 pp	-0.024 pp	+9.3%	No
Ameren → AEE	United States	$30.4bn	0.044%	-0.009 pp	-0.020 pp	+12.6%	No
CMS Energy → CMS	United States	$23.8bn	0.035%	-0.007 pp	-0.019 pp	+6.4%	No
Sempra → SRE	United States	$63.5bn	0.092%	-0.020 pp	-0.018 pp	+40.3%	No
CenterPoint Energy → CNP	United States	$28.2bn	0.041%	-0.008 pp	-0.015 pp	+21.9%	No
NiSource → NI	United States	$22.3bn	0.033%	-0.007 pp	-0.012 pp	+19.6%	No
Pinnacle West Capital → PNW	United States	$12.2bn	0.018%	-0.003 pp	-0.009 pp	+10.0%	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.