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

Information Technology39.9%+2.38 pp Energy2.7%+0.38 pp Health Care10.6%+0.37 pp Materials2.0%-0.11 pp Industrials9.9%-0.12 pp Real Estate2.1%-0.17 pp Communication Services2.2%-0.23 pp Utilities2.5%-0.34 pp Consumer Discretionary11.3%-0.38 pp Consumer Staples5.9%-0.60 pp Financials10.9%-1.19 pp

2 · Industry

Inside Financials

Financial Exchanges & Data0.78%-0.31 pp Transaction & Payment Processing Services0.70%-0.29 pp Asset Management & Custody Banks1.28%-0.27 pp Insurance Brokers0.50%-0.15 pp Consumer Finance0.66%-0.12 pp Diversified Banks3.72%-0.10 pp Investment Banking & Brokerage1.49%+0.09 pp Property & Casualty Insurance0.93%-0.07 pp Regional Banks0.35%+0.05 pp Multi-line Insurance0.14%-0.02 pp Reinsurance0.03%-0.00 pp Life & Health Insurance0.36%+0.00 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks3.72%-0.103 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

3.72%

Industry change · 12M

-0.10 pp

Diversified Banks · contribution

-0.103 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jul 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
Wells Fargo → WFC	United States	$261.4bn	0.456%	+0.115 pp	-0.097 pp	+9.6%	Yes
JPMorgan Chase → JPM	United States	$942.6bn	1.645%	+0.499 pp	-0.091 pp	+21.0%	Yes
Citigroup → C	United States	$231.7bn	0.404%	+0.101 pp	+0.035 pp	+44.6%	Yes
U.S. Bancorp → USB	United States	$97.8bn	0.171%	+0.051 pp	+0.023 pp	+45.7%	Yes
Bank of America → BAC	United States	$433.2bn	0.756%	+0.236 pp	+0.018 pp	+33.9%	Yes
PNC Financial Services → PNC	United States	$100.3bn	0.175%	+0.053 pp	+0.016 pp	+35.6%	Yes
Truist Financial → TFC	United States	$63.3bn	0.111%	+0.023 pp	-0.008 pp	+24.0%	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.