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

Information Technology41.9%+7.32 pp Energy2.5%+0.19 pp Consumer Discretionary11.8%-0.20 pp Materials2.0%-0.21 pp Communication Services2.4%-0.32 pp Real Estate2.0%-0.41 pp Utilities2.4%-0.43 pp Industrials9.6%-0.50 pp Health Care9.7%-1.47 pp Consumer Staples5.7%-1.52 pp Financials9.8%-2.46 pp

2 · Industry

Inside Utilities

Electric Utilities1.29%-0.25 pp Multi-Utilities1.00%-0.13 pp Water Utilities0.04%-0.02 pp Independent Power Producers & Energy Traders0.07%-0.02 pp Gas Utilities0.05%-0.01 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.00%-0.131 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Multi-Utilities · weight

1.00%

Industry change · 12M

-0.13 pp

Multi-Utilities · contribution

-0.131 pp

Company participation

100%

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
PG&E Corporation → PCG	United States	$43.8bn	0.076%	+0.006 pp	-0.026 pp	-2.3%	Yes
Consolidated Edison → ED	United States	$38.9bn	0.067%	+0.012 pp	-0.018 pp	+4.5%	Yes
Sempra → SRE	United States	$58.3bn	0.101%	+0.015 pp	-0.015 pp	+16.9%	Yes
NextEra Energy → NEE	United States	$181.4bn	0.314%	+0.046 pp	-0.015 pp	+26.8%	Yes
DTE Energy → DTE	United States	$29.7bn	0.052%	+0.009 pp	-0.013 pp	+8.1%	Yes
CMS Energy → CMS	United States	$22.4bn	0.039%	+0.006 pp	-0.009 pp	+6.5%	Yes
Ameren → AEE	United States	$29.9bn	0.052%	+0.009 pp	-0.008 pp	+14.7%	Yes
Dominion Energy → D	United States	$58.9bn	0.102%	+0.026 pp	-0.007 pp	+23.3%	Yes
CenterPoint Energy → CNP	United States	$27.6bn	0.048%	+0.009 pp	-0.007 pp	+16.0%	Yes
Xcel Energy → XEL	United States	$49.6bn	0.086%	+0.015 pp	-0.006 pp	+17.0%	Yes
NiSource → NI	United States	$22.2bn	0.038%	+0.007 pp	-0.004 pp	+20.0%	Yes
Pinnacle West Capital → PNW	United States	$12.1bn	0.021%	+0.004 pp	-0.004 pp	+13.7%	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.