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 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 Utilities

Electric Utilities1.28%-0.26 pp Multi-Utilities1.01%-0.05 pp Independent Power Producers & Energy Traders0.07%-0.02 pp Water Utilities0.05%-0.01 pp Gas Utilities0.05%-0.00 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.01%-0.048 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Multi-Utilities · weight

1.01%

Industry change · 12M

-0.05 pp

Multi-Utilities · contribution

-0.048 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
Sempra → SRE	United States	$57.9bn	0.101%	+0.017 pp	-0.011 pp	+11.5%	Yes
DTE Energy → DTE	United States	$29.5bn	0.052%	+0.009 pp	-0.009 pp	+5.9%	Yes
Consolidated Edison → ED	United States	$40.1bn	0.070%	+0.015 pp	-0.009 pp	+8.7%	Yes
NextEra Energy → NEE	United States	$181.3bn	0.316%	+0.039 pp	+0.008 pp	+25.9%	Yes
CMS Energy → CMS	United States	$22.6bn	0.039%	+0.007 pp	-0.007 pp	+0.5%	Yes
Xcel Energy → XEL	United States	$48.8bn	0.085%	+0.015 pp	-0.006 pp	+9.8%	Yes
CenterPoint Energy → CNP	United States	$27.5bn	0.048%	+0.009 pp	-0.005 pp	+10.7%	Yes
NiSource → NI	United States	$21.3bn	0.037%	+0.006 pp	-0.005 pp	+7.5%	Yes
Ameren → AEE	United States	$30.3bn	0.053%	+0.010 pp	-0.005 pp	+11.5%	Yes
PG&E Corporation → PCG	United States	$46.6bn	0.081%	+0.021 pp	+0.002 pp	+25.3%	Yes
Pinnacle West Capital → PNW	United States	$12.2bn	0.021%	+0.004 pp	-0.001 pp	+15.9%	Yes
Dominion Energy → D	United States	$60.8bn	0.106%	+0.029 pp	+0.001 pp	+23.6%	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.