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 Services0.62%-0.51 ppDiversified Banks3.22%-0.49 ppProperty & Casualty Insurance0.80%-0.40 ppInsurance Brokers0.41%-0.37 ppFinancial Exchanges & Data0.77%-0.35 ppAsset Management & Custody Banks1.18%-0.25 ppInvestment Banking & Brokerage1.41%+0.10 ppLife & Health Insurance0.31%-0.08 ppConsumer Finance0.62%-0.06 ppMulti-line Insurance0.13%-0.05 ppRegional Banks0.32%+0.02 ppReinsurance0.02%-0.01 ppMulti-Sector Holdings0.00%-0.00 pp
3 · Sub-industry
Inside Diversified Banks
Diversified Banks · weight
3.22%
Industry change · 12M
-0.49 pp
Diversified Banks · contribution
-0.490 pp
Company participation
86%
of industry constituents above their 6M weight average
4 · Companies driving this sub-industry
May 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 | $802.0bn | 1.390% | +0.278 pp | -0.273 pp | +15.6% | Yes |
| Wells Fargo → WFC | United States | $237.3bn | 0.411% | +0.066 pp | -0.140 pp | +6.0% | No |
| Bank of America → BAC | United States | $366.2bn | 0.635% | +0.144 pp | -0.119 pp | +19.6% | Yes |
| Citigroup → C | United States | $220.2bn | 0.382% | +0.117 pp | +0.063 pp | +70.9% | Yes |
| Truist Financial → TFC | United States | $60.1bn | 0.104% | +0.020 pp | -0.013 pp | +27.6% | Yes |
| U.S. Bancorp → USB | United States | $85.1bn | 0.148% | +0.031 pp | -0.006 pp | +31.2% | Yes |
| PNC Financial Services → PNC | United States | $88.8bn | 0.154% | +0.036 pp | -0.002 pp | +31.5% | 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.