Restaurants
Restaurants is losing market weight. Gained weight for 2 consecutive months.
Most of this industry's losses came from a few companies.
Where did the weight change come from?
12-month contribution in universe percentage points · contributions add to the industry change
The three largest same-direction contributors explain 95% of gross losses. Opposing contributions can make an individual company’s change larger than the industry’s net change.
How has it moved through history?
Share of matched S&P 500 members
Jan 2018 – Sep 2020 · market weight (%)
Relative performance
Industry return versus ACWI · no future data shown
Is participation broad or concentrated?
Actual constituent counts at this date, not the legacy synthetic breadth proxy
This is size concentration, not contribution to the 12-month change. The attribution above measures the latter.
Evidence can disagree
Independent dimensions · no combined score or bullish/bearish verdict
Other evidence and availability
Valuation data: unavailable; shown as zero placeholder.
Attention data: unavailable; shown as zero placeholder.
Actual fund flows: unavailable. No ETF, mutual-fund or institutional flow feed is connected.
Volume / turnover: unavailable in this dataset.
Follow the contribution to individual companies
Sorted by absolute 12-month weight contribution, not investment merit
| Company | Sub-industry | Country | Universe weight | 12M contribution | 12M price return | Revisions |
|---|---|---|---|---|---|---|
| McDonald's → MCD | Restaurants | United States | 0.001% | -0.865 pp | +4.8% | 0.0 |
| Starbucks → SBUX | Restaurants | United States | 0.000% | -0.562 pp | -0.8% | 0.0 |
| Yum! Brands → YUM | Restaurants | United States | 0.000% | -0.183 pp | -18.0% | 0.0 |
| Darden Restaurants → DRI | Restaurants | United States | 0.000% | -0.077 pp | -13.5% | 0.0 |
| Chipotle Mexican Grill → CMG | Restaurants | United States | 0.000% | -0.002 pp | +48.0% | 0.0 |
| Domino's → DPZ | Restaurants | United States | 0.000% | +0.000 pp | +75.4% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Sep 2020 | 0.002% | +0.000 pp | +0.000 pp | +0.000 pp | -1.690 pp | -10.0% |
| Aug 2020 | 0.002% | +0.000 pp | -0.000 pp | +0.000 pp | -1.804 pp | -19.9% |
| Jul 2020 | 0.001% | -0.000 pp | -1.481 pp | -1.515 pp | -1.723 pp | -18.6% |
| Jun 2020 | 0.001% | -0.000 pp | +0.000 pp | -1.455 pp | -1.666 pp | -13.8% |
| May 2020 | 0.002% | -1.481 pp | +0.000 pp | -1.473 pp | -1.684 pp | -8.3% |
| Apr 2020 | 1.482% | +1.481 pp | -0.034 pp | -0.059 pp | -0.145 pp | +0.9% |
| Mar 2020 | 0.001% | +0.000 pp | -1.456 pp | -1.690 pp | -1.629 pp | -4.3% |
| Feb 2020 | 0.001% | -1.515 pp | -1.474 pp | -1.804 pp | -1.571 pp | +3.3% |
| Jan 2020 | 1.516% | +0.059 pp | -0.025 pp | -0.208 pp | +0.642 pp | +6.2% |
| Dec 2019 | 1.457% | -0.018 pp | -0.235 pp | -0.211 pp | +0.534 pp | -4.1% |
| Nov 2019 | 1.475% | -0.067 pp | -0.331 pp | -0.211 pp | +0.575 pp | +0.5% |
| Oct 2019 | 1.542% | -0.150 pp | -0.183 pp | -0.086 pp | +0.667 pp | +9.7% |
| Sep 2019 | 1.691% | -0.114 pp | +0.024 pp | +0.061 pp | +0.897 pp | +35.6% |
| Aug 2019 | 1.806% | +0.081 pp | +0.120 pp | +0.234 pp | +1.030 pp | +49.2% |
| Jul 2019 | 1.725% | +0.057 pp | +0.097 pp | +0.850 pp | +0.363 pp | +46.4% |
| Jun 2019 | 1.668% | -0.018 pp | +0.037 pp | +0.745 pp | +0.277 pp | +38.6% |
| May 2019 | 1.686% | +0.058 pp | +0.114 pp | +0.786 pp | +0.223 pp | +32.5% |
| Apr 2019 | 1.628% | -0.003 pp | +0.753 pp | +0.753 pp | +0.063 pp | +19.7% |
| Mar 2019 | 1.630% | +0.058 pp | +0.707 pp | +0.836 pp | +0.129 pp | +23.6% |
| Feb 2019 | 1.572% | +0.697 pp | +0.672 pp | +0.797 pp | +0.109 pp | +22.0% |
| Jan 2019 | 0.875% | -0.048 pp | -0.000 pp | -0.487 pp | -0.590 pp | +21.4% |
| Dec 2018 | 0.923% | +0.023 pp | +0.128 pp | -0.468 pp | -0.542 pp | +27.7% |
| Nov 2018 | 0.900% | +0.025 pp | +0.125 pp | -0.563 pp | -0.565 pp | +24.4% |
| Oct 2018 | 0.875% | +0.080 pp | -0.487 pp | -0.690 pp | -0.590 pp | +16.0% |
| Sep 2018 | 0.794% | +0.019 pp | -0.596 pp | -0.707 pp | -0.670 pp | +3.7% |
| Aug 2018 | 0.775% | -0.587 pp | -0.688 pp | -0.688 pp | -0.690 pp | +0.5% |
| Jul 2018 | 1.362% | -0.029 pp | -0.203 pp | -0.103 pp | -0.103 pp | -3.0% |
| Jun 2018 | 1.391% | -0.073 pp | -0.110 pp | -0.074 pp | -0.074 pp | -2.6% |
| May 2018 | 1.463% | -0.101 pp | -0.000 pp | -0.001 pp | -0.001 pp | +1.6% |
| Apr 2018 | 1.565% | +0.064 pp | +0.100 pp | +0.100 pp | +0.100 pp | +5.9% |
| Mar 2018 | 1.501% | +0.037 pp | +0.036 pp | +0.036 pp | +0.036 pp | +2.1% |
| Feb 2018 | 1.463% | -0.001 pp | -0.001 pp | -0.001 pp | -0.001 pp | +0.4% |
| Jan 2018 | 1.465% | +0.000 pp | +0.000 pp | +0.000 pp | +0.000 pp | +0.0% |
How are these descriptive states defined?
Gaining / losing: 12-month weight change above +0.005pp / below −0.005pp. Direction and speed are separate dimensions, not mutually exclusive recommendations.
Accelerating / slowing: compare the most recent 3M change with the preceding 3M change. Accelerating means a positive change speeds up by >0.02pp. Slowing means the magnitude of movement declines by >0.02pp. A falling industry can also slow.
Reversing: the last two 3M changes have opposite signs, outside a ±0.005pp tolerance. Persistence counts consecutive same-direction monthly changes.
Broad / concentrated: company attribution, not a market-cap concentration shortcut. Concentrated means the three largest same-direction contributors account for ≥70% of gross same-direction changes; otherwise broad requires ≥60% of constituents moving with the industry. Other cases are mixed.
Weights use matched S&P 500 members’ market-cap estimates, based on SEC-reported shares available by each month-end and monthly closing prices. Companies without a matched price or share record are omitted, so the denominator is the matched sample rather than every index member. These are not official float-adjusted S&P weights. Flow is not measured.