Soft Drinks & Non-alcoholic Beverages
Soft Drinks & Non-alcoholic Beverages is losing market weight. Gained weight for 1 consecutive month.
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 – Aug 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 |
|---|---|---|---|---|---|---|
| Coca-Cola Company (The) → KO | Soft Drinks & Non-alcoholic Beverages | United States | 0.001% | -1.279 pp | -7.0% | 0.0 |
| PepsiCo → PEP | Soft Drinks & Non-alcoholic Beverages | United States | 0.001% | -1.039 pp | +5.4% | 0.0 |
| Monster Beverage → MNST | Soft Drinks & Non-alcoholic Beverages | United States | 0.000% | -0.043 pp | +42.9% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Aug 2020 | 0.002% | +0.000 pp | -0.000 pp | +0.000 pp | -2.361 pp | -14.8% |
| Jul 2020 | 0.002% | -0.000 pp | -2.175 pp | -2.254 pp | -2.193 pp | -5.9% |
| Jun 2020 | 0.002% | -0.000 pp | +0.000 pp | -2.138 pp | -2.207 pp | -5.1% |
| May 2020 | 0.002% | -2.175 pp | +0.000 pp | -2.145 pp | -2.312 pp | -3.6% |
| Apr 2020 | 2.177% | +2.175 pp | -0.079 pp | -0.076 pp | -0.035 pp | +7.0% |
| Mar 2020 | 0.002% | +0.000 pp | -2.139 pp | -2.295 pp | -2.181 pp | +11.4% |
| Feb 2020 | 0.002% | -2.254 pp | -2.146 pp | -2.361 pp | -2.114 pp | +14.0% |
| Jan 2020 | 2.256% | +0.115 pp | +0.003 pp | +0.060 pp | +1.029 pp | +10.0% |
| Dec 2019 | 2.140% | -0.007 pp | -0.156 pp | -0.068 pp | +0.838 pp | -2.3% |
| Nov 2019 | 2.147% | -0.105 pp | -0.216 pp | -0.167 pp | +0.835 pp | -1.8% |
| Oct 2019 | 2.252% | -0.044 pp | +0.057 pp | +0.041 pp | +0.999 pp | +7.1% |
| Sep 2019 | 2.297% | -0.066 pp | +0.088 pp | +0.114 pp | +1.141 pp | +21.3% |
| Aug 2019 | 2.363% | +0.168 pp | +0.049 pp | +0.248 pp | +1.213 pp | +26.2% |
| Jul 2019 | 2.195% | -0.014 pp | -0.016 pp | +0.969 pp | +0.041 pp | +12.3% |
| Jun 2019 | 2.209% | -0.106 pp | +0.026 pp | +0.906 pp | +0.091 pp | +14.8% |
| May 2019 | 2.314% | +0.103 pp | +0.199 pp | +1.002 pp | +0.298 pp | +25.0% |
| Apr 2019 | 2.211% | +0.029 pp | +0.985 pp | +0.958 pp | +0.151 pp | +16.3% |
| Mar 2019 | 2.182% | +0.067 pp | +0.880 pp | +1.027 pp | +0.045 pp | +10.2% |
| Feb 2019 | 2.115% | +0.889 pp | +0.803 pp | +0.965 pp | +0.023 pp | +9.3% |
| Jan 2019 | 1.226% | -0.076 pp | -0.027 pp | -0.928 pp | -0.961 pp | +8.3% |
| Dec 2018 | 1.302% | -0.010 pp | +0.147 pp | -0.815 pp | -0.885 pp | +14.6% |
| Nov 2018 | 1.312% | +0.059 pp | +0.162 pp | -0.704 pp | -0.875 pp | +14.9% |
| 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.