Soft Drinks & Non-alcoholic Beverages
Soft Drinks & Non-alcoholic Beverages 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 100% 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 – Oct 2018 · 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 |
|---|---|---|---|---|---|---|
| Coca-Cola Company (The) → KO | Soft Drinks & Non-alcoholic Beverages | United States | 0.691% | -0.466 pp | +3.3% | 0.0 |
| PepsiCo → PEP | Soft Drinks & Non-alcoholic Beverages | United States | 0.538% | -0.438 pp | -4.2% | 0.0 |
| Monster Beverage → MNST | Soft Drinks & Non-alcoholic Beverages | United States | 0.025% | -0.030 pp | -22.5% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Oct 2018 | 1.253% | +0.098 pp | -0.901 pp | -0.807 pp | -0.934 pp | +8.8% |
| Sep 2018 | 1.155% | +0.005 pp | -0.962 pp | -0.982 pp | -1.032 pp | -1.2% |
| Aug 2018 | 1.150% | -1.004 pp | -0.866 pp | -0.942 pp | -1.037 pp | -3.1% |
| Jul 2018 | 2.155% | +0.037 pp | +0.095 pp | -0.033 pp | -0.033 pp | +1.1% |
| Jun 2018 | 2.118% | +0.101 pp | -0.019 pp | -0.069 pp | -0.069 pp | -1.7% |
| May 2018 | 2.016% | -0.044 pp | -0.076 pp | -0.171 pp | -0.171 pp | -7.4% |
| Apr 2018 | 2.060% | -0.077 pp | -0.127 pp | -0.127 pp | -0.127 pp | -6.7% |
| Mar 2018 | 2.137% | +0.045 pp | -0.050 pp | -0.050 pp | -0.050 pp | -2.7% |
| Feb 2018 | 2.092% | -0.095 pp | -0.095 pp | -0.095 pp | -0.095 pp | -4.7% |
| Jan 2018 | 2.187% | +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.