Observatory · observe first
The market allocation map
See where market weight sits at a moment in time—or compare how the structure changed between two dates.
Historical time machine
Historical observation
20182026
How did allocation change?
Choose the evidence you want to see. No composite score.
Market-weight change
Jan 2024 → Jan 2025
The market structure, side by side
Sector shares add to 100% at each date. Changes are percentage points, not returns.
| Sector | Jan 2024 | Jan 2025 | Allocation change |
|---|---|---|---|
| Information Technology | 29.66% | 33.56% | +3.90 pp |
| Consumer Discretionary | 11.85% | 13.13% | +1.27 pp |
| Financials | 11.70% | 12.55% | +0.85 pp |
| Consumer Staples | 6.72% | 6.79% | +0.07 pp |
| Utilities | 2.70% | 2.63% | -0.07 pp |
| Communication Services | 2.89% | 2.48% | -0.41 pp |
| Real Estate | 2.80% | 2.34% | -0.46 pp |
| Materials | 2.73% | 2.26% | -0.48 pp |
| Industrials | 10.23% | 9.61% | -0.62 pp |
| Energy | 3.12% | 2.46% | -0.66 pp |
| Health Care | 15.61% | 12.20% | -3.40 pp |
Weight at Jan 2025 minus weight at Jan 2024Rose → negative · slate → unchanged · teal → positive · fixed colour scale
Information Technology
Technology Hardware, Storage & Peripherals
-0.66 pp
IT Consulting & Other Services8.82% → 8.15%
-0.15 pp
Application Software1.41% → 1.26%
-0.48 pp
Semiconductors3.96% → 3.47%
+7.06 pp
Internet Services & Infrastructure4.03% → 11.08%
+0.03 pp
Semiconductor Materials & Equipment0.12% → 0.15%
+0.12 pp
Electronic Components0.51% → 0.62%
+0.07 pp
Communications Equipment0.13% → 0.19%
-0.03 pp
Systems Software0.86% → 0.83%
-1.93 pp
Electronic Equipment & Instruments9.23% → 7.30%
-0.04 pp
Electronic Manufacturing Services0.35% → 0.30%
-0.04 pp
Technology Distributors0.18% → 0.14%
-0.03 pp
0.09% → 0.06%
Consumer Discretionary
Broadline Retail
+0.80 pp
Automotive Parts & Equipment4.83% → 5.63%
-0.04 pp
Automotive Retail0.07% → 0.03%
-0.02 pp
Computer & Electronics Retail0.15% → 0.14%
-0.01 pp
Hotels, Resorts & Cruise Lines0.05% → 0.04%
+0.05 pp
Restaurants0.54% → 0.59%
-0.08 pp
Homebuilding1.16% → 1.08%
-0.07 pp
Automobile Manufacturers0.27% → 0.21%
+1.05 pp
Distributors2.04% → 3.09%
-0.02 pp
Consumer Electronics0.06% → 0.04%
+0.02 pp
Leisure Products0.07% → 0.09%
-0.00 pp
Home Improvement Retail0.02% → 0.02%
-0.17 pp
Casinos & Gaming1.41% → 1.24%
-0.07 pp
Apparel, Accessories & Luxury Goods0.19% → 0.12%
-0.16 pp
Apparel Retail0.45% → 0.29%
-0.04 pp
Other Specialty Retail0.46% → 0.42%
-0.03 pp
Footwear0.09% → 0.06%
+0.06 pp
Homefurnishing Retail0.00% → 0.06%
+0.00 pp
0.00% → 0.00%
Financials
Life & Health Insurance
-0.08 pp
Multi-line Insurance0.50% → 0.43%
-0.05 pp
Insurance Brokers0.22% → 0.17%
-0.05 pp
Property & Casualty Insurance0.75% → 0.70%
-0.09 pp
Asset Management & Custody Banks1.13% → 1.05%
+0.92 pp
Consumer Finance0.76% → 1.67%
+0.09 pp
Diversified Banks0.64% → 0.73%
+0.19 pp
Multi-Sector Holdings3.68% → 3.87%
-0.00 pp
Financial Exchanges & Data0.00% → 0.00%
-0.14 pp
Regional Banks1.22% → 1.08%
+0.00 pp
Transaction & Payment Processing Services0.33% → 0.33%
-0.08 pp
Reinsurance1.31% → 1.23%
-0.02 pp
Investment Banking & Brokerage0.05% → 0.03%
+0.15 pp
1.11% → 1.26%
Consumer Staples
Agricultural Products & Services
-0.01 pp
Household Products0.09% → 0.08%
-0.10 pp
Consumer Staples Merchandise Retail0.45% → 0.36%
+1.21 pp
Packaged Foods & Meats1.72% → 2.93%
-0.29 pp
Soft Drinks & Non-alcoholic Beverages0.72% → 0.43%
-0.45 pp
Food Retail1.67% → 1.22%
+0.00 pp
Tobacco0.10% → 0.10%
+0.02 pp
Personal Care Products0.63% → 0.65%
-0.26 pp
Food Distributors1.22% → 0.96%
-0.04 pp
0.12% → 0.08%
Utilities
Communication Services
Cable & Satellite
-0.21 pp
Movies & Entertainment0.57% → 0.35%
-0.03 pp
Broadcasting0.66% → 0.62%
-0.02 pp
Advertising0.07% → 0.06%
-0.02 pp
Integrated Telecommunication Services0.05% → 0.04%
-0.16 pp
Interactive Home Entertainment0.91% → 0.75%
-0.01 pp
Wireless Telecommunication Services0.08% → 0.07%
+0.04 pp
0.55% → 0.59%
Real Estate
Telecom Tower REITs
-0.16 pp
Office REITs0.48% → 0.33%
-0.03 pp
Real Estate Services0.09% → 0.06%
-0.01 pp
Data Center REITs0.18% → 0.17%
-0.04 pp
Health Care REITs0.36% → 0.32%
+0.05 pp
Multi-Family Residential REITs0.22% → 0.28%
-0.02 pp
Self-Storage REITs0.22% → 0.20%
-0.05 pp
Retail REITs0.24% → 0.19%
-0.03 pp
Hotel & Resort REITs0.33% → 0.30%
-0.04 pp
Other Specialized REITs0.13% → 0.10%
+0.01 pp
Industrial REITs0.06% → 0.07%
-0.10 pp
Timber REITs0.35% → 0.25%
-0.02 pp
Single-Family Residential REITs0.07% → 0.05%
-0.02 pp
0.06% → 0.04%
Materials
Specialty Chemicals
-0.15 pp
Industrial Gases0.69% → 0.54%
-0.11 pp
Paper & Plastic Packaging Products & Materials0.75% → 0.64%
+0.00 pp
Metal, Glass & Plastic Containers0.33% → 0.34%
-0.02 pp
Fertilizers & Agricultural Chemicals0.05% → 0.04%
-0.01 pp
Copper0.17% → 0.16%
-0.05 pp
Construction Materials0.17% → 0.11%
-0.03 pp
Gold0.18% → 0.15%
+0.03 pp
Steel0.08% → 0.11%
-0.08 pp
Commodity Chemicals0.19% → 0.11%
-0.05 pp
0.11% → 0.06%
Industrials
Human Resource & Employment Services
-0.04 pp
Building Products0.43% → 0.39%
+0.04 pp
Electrical Components & Equipment0.51% → 0.55%
-0.03 pp
Aerospace & Defense0.65% → 0.62%
-0.14 pp
Construction Machinery & Heavy Transportation Equipment2.34% → 2.20%
-0.07 pp
Air Freight & Logistics0.78% → 0.72%
-0.17 pp
Rail Transportation0.53% → 0.36%
-0.21 pp
Diversified Support Services0.81% → 0.60%
+0.12 pp
Passenger Airlines0.23% → 0.35%
+0.05 pp
Agricultural & Farm Machinery0.17% → 0.21%
-0.04 pp
Industrial Machinery & Supplies & Components0.33% → 0.29%
-0.16 pp
Research & Consulting Services1.22% → 1.06%
-0.03 pp
Trading Companies & Distributors0.19% → 0.17%
-0.03 pp
Industrial Conglomerates0.18% → 0.16%
-0.03 pp
Construction & Engineering0.62% → 0.59%
+0.01 pp
Cargo Ground Transportation0.13% → 0.14%
+0.00 pp
Environmental & Facilities Services0.13% → 0.13%
-0.04 pp
Data Processing & Outsourced Services0.50% → 0.46%
-0.01 pp
Heavy Electrical Equipment0.07% → 0.06%
+0.23 pp
Passenger Ground Transportation0.02% → 0.25%
-0.09 pp
0.40% → 0.31%
Energy
Health Care
Life Sciences Tools & Services
-0.43 pp
Biotechnology1.64% → 1.21%
-0.66 pp
Health Care Equipment2.51% → 1.85%
-0.39 pp
Health Care Supplies3.01% → 2.62%
-0.02 pp
Pharmaceuticals0.16% → 0.13%
-1.03 pp
Health Care Distributors4.92% → 3.88%
-0.08 pp
Health Care Services0.44% → 0.37%
-0.22 pp
Managed Health Care0.67% → 0.46%
-0.55 pp
Health Care Facilities2.01% → 1.46%
-0.06 pp
Health Care Technology0.24% → 0.19%
+0.03 pp
0.00% → 0.03%
Exact values for the selected metric
Tile colour shows only the selected metric; tile size is uniform and does not encode investment merit. Market weight is not an observed fund flow. Historical comparisons describe structural change, not which period or industry was “better.”