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
Latest available · not live
20182026
How did allocation change?
Choose the evidence you want to see. No composite score.
Market-weight change
Sep 2025 → Sep 2026
The market structure, side by side
Sector shares add to 100% at each date. Changes are percentage points, not returns.
| Sector | Sep 2025 | Sep 2026 | Allocation change |
|---|---|---|---|
| Information Technology | 38.17% | 43.10% | +4.93 pp |
| Energy | 2.28% | 3.83% | +1.55 pp |
| Health Care | 10.39% | 10.65% | +0.26 pp |
| Materials | 2.13% | 1.91% | -0.22 pp |
| Communication Services | 2.40% | 2.13% | -0.27 pp |
| Real Estate | 2.18% | 1.83% | -0.35 pp |
| Industrials | 9.70% | 9.11% | -0.58 pp |
| Utilities | 2.71% | 2.10% | -0.61 pp |
| Consumer Staples | 6.16% | 5.39% | -0.78 pp |
| Consumer Discretionary | 12.06% | 10.28% | -1.78 pp |
| Financials | 11.83% | 9.67% | -2.16 pp |
Weight at Sep 2026 minus weight at Sep 2025Rose → negative · slate → unchanged · teal → positive · fixed colour scale
Information Technology
Technology Hardware, Storage & Peripherals
+1.63 pp
IT Consulting & Other Services7.97% → 9.60%
-0.34 pp
Application Software0.95% → 0.61%
-1.73 pp
Semiconductors3.55% → 1.82%
+3.92 pp
Internet Services & Infrastructure14.71% → 18.63%
-0.02 pp
Semiconductor Materials & Equipment0.11% → 0.09%
+1.21 pp
Electronic Components0.74% → 1.95%
+0.20 pp
Communications Equipment0.29% → 0.49%
+0.44 pp
Systems Software1.10% → 1.54%
-0.41 pp
Electronic Equipment & Instruments8.28% → 7.87%
-0.01 pp
Electronic Manufacturing Services0.25% → 0.24%
+0.04 pp
Technology Distributors0.18% → 0.22%
-0.01 pp
0.04% → 0.03%
Energy
Health Care
Life Sciences Tools & Services
+0.17 pp
Biotechnology0.91% → 1.07%
+0.24 pp
Health Care Equipment1.80% → 2.04%
-0.74 pp
Health Care Supplies2.26% → 1.52%
-0.00 pp
Pharmaceuticals0.08% → 0.08%
+0.69 pp
Health Care Distributors3.39% → 4.07%
-0.04 pp
Health Care Services0.40% → 0.37%
-0.05 pp
Managed Health Care0.45% → 0.41%
-0.05 pp
Health Care Facilities0.87% → 0.82%
-0.04 pp
Health Care Technology0.20% → 0.16%
+0.08 pp
0.03% → 0.10%
Materials
Specialty Chemicals
-0.07 pp
Industrial Gases0.46% → 0.39%
-0.10 pp
Paper & Plastic Packaging Products & Materials0.57% → 0.47%
-0.19 pp
Metal, Glass & Plastic Containers0.35% → 0.16%
-0.00 pp
Fertilizers & Agricultural Chemicals0.03% → 0.02%
-0.02 pp
Copper0.14% → 0.13%
+0.06 pp
Construction Materials0.11% → 0.17%
+0.04 pp
Gold0.16% → 0.19%
+0.02 pp
Steel0.19% → 0.20%
+0.04 pp
Commodity Chemicals0.10% → 0.14%
+0.00 pp
0.03% → 0.03%
Communication Services
Cable & Satellite
-0.14 pp
Movies & Entertainment0.27% → 0.13%
+0.29 pp
Broadcasting0.59% → 0.88%
+0.03 pp
Advertising0.10% → 0.13%
+0.00 pp
Integrated Telecommunication Services0.03% → 0.04%
-0.17 pp
Interactive Home Entertainment0.78% → 0.60%
-0.03 pp
Wireless Telecommunication Services0.10% → 0.07%
-0.25 pp
0.54% → 0.29%
Real Estate
Telecom Tower REITs
-0.10 pp
Office REITs0.31% → 0.20%
-0.02 pp
Real Estate Services0.05% → 0.03%
-0.08 pp
Data Center REITs0.17% → 0.08%
-0.00 pp
Health Care REITs0.27% → 0.27%
+0.04 pp
Multi-Family Residential REITs0.33% → 0.37%
-0.04 pp
Self-Storage REITs0.16% → 0.13%
-0.03 pp
Retail REITs0.16% → 0.13%
-0.05 pp
Hotel & Resort REITs0.29% → 0.24%
-0.02 pp
Other Specialized REITs0.09% → 0.07%
-0.00 pp
Industrial REITs0.06% → 0.06%
-0.01 pp
Timber REITs0.21% → 0.20%
-0.01 pp
Single-Family Residential REITs0.04% → 0.02%
-0.01 pp
0.04% → 0.03%
Industrials
Human Resource & Employment Services
-0.10 pp
Building Products0.33% → 0.23%
-0.07 pp
Electrical Components & Equipment0.54% → 0.47%
+0.29 pp
Aerospace & Defense0.61% → 0.89%
-0.41 pp
Construction Machinery & Heavy Transportation Equipment2.59% → 2.18%
+0.19 pp
Air Freight & Logistics0.74% → 0.92%
+0.02 pp
Rail Transportation0.27% → 0.29%
-0.02 pp
Diversified Support Services0.55% → 0.53%
-0.10 pp
Passenger Airlines0.30% → 0.20%
+0.02 pp
Agricultural & Farm Machinery0.17% → 0.19%
+0.06 pp
Industrial Machinery & Supplies & Components0.25% → 0.30%
-0.12 pp
Research & Consulting Services0.92% → 0.79%
-0.07 pp
Trading Companies & Distributors0.13% → 0.06%
+0.04 pp
Industrial Conglomerates0.24% → 0.27%
-0.23 pp
Construction & Engineering0.51% → 0.28%
+0.12 pp
Cargo Ground Transportation0.22% → 0.34%
+0.04 pp
Environmental & Facilities Services0.09% → 0.12%
-0.12 pp
Data Processing & Outsourced Services0.43% → 0.31%
-0.02 pp
Heavy Electrical Equipment0.06% → 0.03%
+0.09 pp
Passenger Ground Transportation0.35% → 0.45%
-0.17 pp
0.41% → 0.24%
Utilities
Consumer Staples
Agricultural Products & Services
+0.01 pp
Household Products0.09% → 0.10%
-0.06 pp
Consumer Staples Merchandise Retail0.28% → 0.22%
-0.37 pp
Packaged Foods & Meats2.63% → 2.26%
-0.10 pp
Soft Drinks & Non-alcoholic Beverages0.38% → 0.28%
-0.04 pp
Food Retail1.09% → 1.05%
+0.01 pp
Tobacco0.09% → 0.10%
-0.04 pp
Personal Care Products0.73% → 0.69%
-0.16 pp
Food Distributors0.78% → 0.62%
-0.02 pp
0.08% → 0.06%
Consumer Discretionary
Broadline Retail
-0.18 pp
Automotive Parts & Equipment4.77% → 4.59%
-0.02 pp
Automotive Retail0.04% → 0.02%
-0.13 pp
Computer & Electronics Retail0.33% → 0.19%
-0.00 pp
Hotels, Resorts & Cruise Lines0.03% → 0.03%
+0.12 pp
Restaurants0.54% → 0.67%
-0.25 pp
Homebuilding0.89% → 0.64%
-0.07 pp
Automobile Manufacturers0.20% → 0.13%
-0.53 pp
Distributors3.08% → 2.54%
-0.01 pp
Consumer Electronics0.04% → 0.03%
-0.00 pp
Leisure Products0.09% → 0.09%
-0.00 pp
Home Improvement Retail0.02% → 0.02%
-0.44 pp
Casinos & Gaming1.09% → 0.65%
-0.05 pp
Apparel, Accessories & Luxury Goods0.12% → 0.07%
-0.10 pp
Apparel Retail0.21% → 0.11%
-0.05 pp
Other Specialty Retail0.42% → 0.37%
-0.04 pp
Footwear0.11% → 0.07%
-0.01 pp
Homefurnishing Retail0.03% → 0.02%
-0.00 pp
0.05% → 0.05%
Financials
Life & Health Insurance
-0.04 pp
Multi-line Insurance0.36% → 0.32%
-0.03 pp
Insurance Brokers0.15% → 0.12%
-0.23 pp
Property & Casualty Insurance0.64% → 0.41%
-0.18 pp
Asset Management & Custody Banks1.00% → 0.83%
-0.30 pp
Consumer Finance1.45% → 1.15%
-0.21 pp
Diversified Banks0.79% → 0.58%
-0.54 pp
Multi-Sector Holdings3.84% → 3.30%
-0.00 pp
Financial Exchanges & Data0.00% → 0.00%
-0.23 pp
Regional Banks0.94% → 0.72%
-0.00 pp
Transaction & Payment Processing Services0.31% → 0.30%
-0.26 pp
Reinsurance0.90% → 0.64%
-0.01 pp
Investment Banking & Brokerage0.03% → 0.02%
-0.13 pp
1.41% → 1.28%
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.”