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 Technology40.9%+4.04 pp Energy3.9%+1.55 pp Health Care10.6%+0.01 pp Communication Services2.3%-0.19 pp Materials2.0%-0.23 pp Real Estate1.9%-0.31 pp Industrials9.3%-0.48 pp Utilities2.2%-0.48 pp Consumer Staples5.5%-0.92 pp Consumer Discretionary10.8%-1.27 pp Financials10.5%-1.72 pp

2 · Industry

Inside Utilities

Electric Utilities1.17%-0.29 pp Multi-Utilities0.90%-0.14 pp Independent Power Producers & Energy Traders0.06%-0.02 pp Water Utilities0.05%-0.01 pp Gas Utilities0.05%-0.01 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities0.90%-0.144 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Multi-Utilities · weight

0.90%

Industry change · 12M

-0.14 pp

Multi-Utilities · contribution

-0.144 pp

Company participation

17%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Aug 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	$35.6bn	0.059%	-0.017 pp	-0.026 pp	-12.2%	No
Sempra → SRE	United States	$53.4bn	0.089%	-0.012 pp	-0.023 pp	+1.8%	No
NextEra Energy → NEE	United States	$171.7bn	0.286%	-0.028 pp	-0.022 pp	+17.6%	No
DTE Energy → DTE	United States	$28.2bn	0.047%	-0.005 pp	-0.012 pp	+2.6%	No
Xcel Energy → XEL	United States	$47.3bn	0.079%	-0.007 pp	-0.010 pp	+7.8%	No
Dominion Energy → D	United States	$58.1bn	0.097%	-0.005 pp	-0.009 pp	+15.1%	Yes
CMS Energy → CMS	United States	$21.3bn	0.036%	-0.003 pp	-0.009 pp	-1.9%	No
NiSource → NI	United States	$19.6bn	0.033%	-0.006 pp	-0.009 pp	-0.6%	No
CenterPoint Energy → CNP	United States	$25.9bn	0.043%	-0.005 pp	-0.008 pp	+7.4%	No
Consolidated Edison → ED	United States	$39.4bn	0.066%	-0.002 pp	-0.008 pp	+12.6%	Yes
Ameren → AEE	United States	$29.3bn	0.049%	-0.003 pp	-0.007 pp	+9.3%	No
Pinnacle West Capital → PNW	United States	$11.8bn	0.020%	-0.001 pp	-0.002 pp	+13.5%	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.