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

Materials27.4%+25.10 pp Energy2.1%-0.32 pp Communication Services2.0%-0.81 pp Utilities2.0%-0.92 pp Real Estate1.6%-0.95 pp Industrials7.6%-2.27 pp Consumer Discretionary8.9%-2.59 pp Consumer Staples4.7%-2.85 pp Financials7.8%-4.44 pp Information Technology28.4%-4.69 pp Health Care7.4%-5.25 pp

2 · Industry

Inside Utilities

Electric Utilities1.05%-0.51 pp Multi-Utilities0.83%-0.35 pp Water Utilities0.03%-0.03 pp Gas Utilities0.04%-0.02 pp Independent Power Producers & Energy Traders0.06%-0.01 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities0.83%-0.345 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Multi-Utilities · weight

0.83%

Industry change · 12M

-0.35 pp

Multi-Utilities · contribution

-0.345 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Apr 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	$204.1bn	0.277%	-0.073 pp	-0.054 pp	+50.7%	No
PG&E Corporation → PCG	United States	$44.5bn	0.060%	-0.019 pp	-0.046 pp	+1.6%	No
Consolidated Edison → ED	United States	$40.3bn	0.055%	-0.019 pp	-0.039 pp	+2.2%	No
Dominion Energy → D	United States	$56.7bn	0.077%	-0.021 pp	-0.034 pp	+24.1%	No
Sempra → SRE	United States	$62.1bn	0.084%	-0.024 pp	-0.032 pp	+32.0%	No
Xcel Energy → XEL	United States	$51.8bn	0.070%	-0.016 pp	-0.028 pp	+21.0%	No
DTE Energy → DTE	United States	$31.6bn	0.043%	-0.011 pp	-0.025 pp	+14.4%	No
CenterPoint Energy → CNP	United States	$28.6bn	0.039%	-0.011 pp	-0.022 pp	+15.2%	No
Ameren → AEE	United States	$31.4bn	0.043%	-0.011 pp	-0.022 pp	+17.8%	No
CMS Energy → CMS	United States	$23.7bn	0.032%	-0.009 pp	-0.021 pp	+7.3%	No
NiSource → NI	United States	$23.1bn	0.031%	-0.009 pp	-0.013 pp	+26.7%	No
Pinnacle West Capital → PNW	United States	$12.5bn	0.017%	-0.004 pp	-0.010 pp	+13.4%	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.