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

Latest available · not live

20182026

Universe›Financials›Diversified Banks›Diversified Banks

1 · Sector

Weight and 12M allocation change

Information Technology43.1%+4.93 pp Energy3.8%+1.55 pp Health Care10.6%+0.26 pp Materials1.9%-0.22 pp Communication Services2.1%-0.27 pp Real Estate1.8%-0.35 pp Industrials9.1%-0.58 pp Utilities2.1%-0.61 pp Consumer Staples5.4%-0.78 pp Consumer Discretionary10.3%-1.78 pp Financials9.7%-2.16 pp

2 · Industry

Inside Financials

Diversified Banks3.30%-0.54 pp Asset Management & Custody Banks1.15%-0.30 pp Transaction & Payment Processing Services0.64%-0.26 pp Insurance Brokers0.41%-0.23 pp Financial Exchanges & Data0.72%-0.23 pp Consumer Finance0.58%-0.21 pp Property & Casualty Insurance0.83%-0.18 pp Investment Banking & Brokerage1.28%-0.13 pp Life & Health Insurance0.32%-0.04 pp Multi-line Insurance0.12%-0.03 pp Reinsurance0.02%-0.01 pp Regional Banks0.30%-0.00 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks3.30%-0.541 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

3.30%

Industry change · 12M

-0.54 pp

Diversified Banks · contribution

-0.541 pp

Company participation

29%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Sep 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	$879.4bn	1.477%	-0.047 pp	-0.259 pp	+6.9%	Yes
Wells Fargo → WFC	United States	$242.1bn	0.407%	-0.033 pp	-0.131 pp	-2.4%	No
Bank of America → BAC	United States	$380.6bn	0.639%	-0.063 pp	-0.126 pp	+7.8%	No
Truist Financial → TFC	United States	$56.6bn	0.095%	-0.013 pp	-0.023 pp	+5.6%	No
PNC Financial Services → PNC	United States	$88.7bn	0.149%	-0.023 pp	-0.009 pp	+14.3%	No
Citigroup → C	United States	$226.5bn	0.381%	-0.045 pp	+0.006 pp	+30.3%	Yes
U.S. Bancorp → USB	United States	$90.0bn	0.151%	-0.012 pp	+0.001 pp	+24.1%	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.