Soft Drinks & Non-alcoholic Beverages
Soft Drinks & Non-alcoholic Beverages is losing market weight. Lost 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 93% 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
Nov 2019 – Oct 2024 · 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 |
|---|---|---|---|---|---|---|
| PepsiCo → PEP | Soft Drinks & Non-alcoholic Beverages | United States | 0.536% | -0.228 pp | +4.9% | 0.0 |
| Coca-Cola Company (The) → KO | Soft Drinks & Non-alcoholic Beverages | United States | 0.661% | -0.169 pp | +19.2% | 0.0 |
| Keurig Dr Pepper → KDP | Soft Drinks & Non-alcoholic Beverages | United States | 0.105% | -0.039 pp | +11.5% | 0.0 |
| Monster Beverage → MNST | Soft Drinks & Non-alcoholic Beverages | United States | 0.061% | -0.030 pp | +3.1% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Oct 2024 | 1.362% | -0.080 pp | +0.290 pp | -0.322 pp | -0.466 pp | -15.6% |
| Sep 2024 | 1.443% | -0.062 pp | +0.370 pp | -0.160 pp | -0.385 pp | -10.9% |
| Aug 2024 | 1.504% | +0.432 pp | +0.391 pp | -0.096 pp | -0.347 pp | -10.2% |
| Jul 2024 | 1.072% | -0.001 pp | -0.613 pp | -0.597 pp | -0.243 pp | -12.3% |
| Jun 2024 | 1.073% | -0.040 pp | -0.530 pp | -0.612 pp | -0.291 pp | -15.8% |
| May 2024 | 1.113% | -0.572 pp | -0.487 pp | -0.623 pp | -0.329 pp | -16.5% |
| Apr 2024 | 1.685% | +0.082 pp | +0.015 pp | -0.144 pp | -0.345 pp | -16.7% |
| Mar 2024 | 1.602% | +0.003 pp | -0.082 pp | -0.225 pp | -0.387 pp | -19.1% |
| Feb 2024 | 1.600% | -0.070 pp | -0.136 pp | -0.251 pp | -0.363 pp | -18.2% |
| Jan 2024 | 1.669% | -0.015 pp | -0.159 pp | +0.354 pp | -0.262 pp | -12.4% |
| Dec 2023 | 1.684% | -0.052 pp | -0.143 pp | +0.321 pp | -0.436 pp | -21.1% |
| Nov 2023 | 1.736% | -0.093 pp | -0.115 pp | +0.294 pp | -0.296 pp | -15.9% |
| Oct 2023 | 1.829% | +0.001 pp | +0.513 pp | -0.201 pp | -0.217 pp | -15.5% |
| Sep 2023 | 1.827% | -0.023 pp | +0.464 pp | -0.162 pp | -0.255 pp | -14.3% |
| Aug 2023 | 1.851% | +0.535 pp | +0.409 pp | -0.112 pp | -0.190 pp | -10.5% |
| Jul 2023 | 1.315% | -0.048 pp | -0.714 pp | -0.616 pp | -0.702 pp | -8.5% |
| Jun 2023 | 1.363% | -0.078 pp | -0.626 pp | -0.757 pp | -0.836 pp | -10.1% |
| May 2023 | 1.442% | -0.588 pp | -0.521 pp | -0.591 pp | -0.426 pp | +1.8% |
| Apr 2023 | 2.030% | +0.040 pp | +0.098 pp | -0.016 pp | +0.117 pp | +4.0% |
| Mar 2023 | 1.990% | +0.027 pp | -0.131 pp | -0.092 pp | +0.270 pp | +15.4% |
| Feb 2023 | 1.963% | +0.032 pp | -0.070 pp | -0.078 pp | +0.202 pp | +12.8% |
| Jan 2023 | 1.931% | -0.190 pp | -0.114 pp | -0.086 pp | +0.199 pp | +11.8% |
| Dec 2022 | 2.121% | +0.089 pp | +0.039 pp | -0.079 pp | +0.491 pp | +32.6% |
| Nov 2022 | 2.032% | -0.013 pp | -0.009 pp | +0.165 pp | +0.483 pp | +37.7% |
| Oct 2022 | 2.045% | -0.037 pp | +0.028 pp | +0.133 pp | +0.448 pp | +41.0% |
| Sep 2022 | 2.082% | +0.041 pp | -0.118 pp | +0.362 pp | +0.516 pp | +40.0% |
| Aug 2022 | 2.041% | +0.024 pp | +0.174 pp | +0.281 pp | +0.462 pp | +34.8% |
| Jul 2022 | 2.017% | -0.182 pp | +0.105 pp | +0.285 pp | +0.387 pp | +28.9% |
| Jun 2022 | 2.200% | +0.332 pp | +0.480 pp | +0.570 pp | +0.611 pp | +38.8% |
| May 2022 | 1.867% | -0.045 pp | +0.107 pp | +0.318 pp | +0.236 pp | +25.3% |
| Apr 2022 | 1.912% | +0.193 pp | +0.180 pp | +0.315 pp | +0.300 pp | +29.5% |
| Mar 2022 | 1.720% | -0.041 pp | +0.090 pp | +0.153 pp | +0.870 pp | +12.9% |
| Feb 2022 | 1.761% | +0.029 pp | +0.211 pp | +0.182 pp | +0.959 pp | +20.5% |
| Jan 2022 | 1.732% | +0.102 pp | +0.135 pp | +0.101 pp | +0.757 pp | +14.3% |
| Dec 2021 | 1.629% | +0.080 pp | +0.063 pp | +0.040 pp | -0.203 pp | -2.8% |
| Nov 2021 | 1.549% | -0.048 pp | -0.030 pp | -0.082 pp | -0.287 pp | -8.9% |
| Oct 2021 | 1.597% | +0.031 pp | -0.034 pp | -0.015 pp | -0.301 pp | -10.5% |
| Sep 2021 | 1.566% | -0.012 pp | -0.023 pp | +0.717 pp | +1.564 pp | -12.8% |
| Aug 2021 | 1.579% | -0.052 pp | -0.052 pp | +0.777 pp | +1.577 pp | -9.6% |
| Jul 2021 | 1.631% | +0.042 pp | +0.019 pp | +0.656 pp | +1.629 pp | -9.3% |
| Jun 2021 | 1.589% | -0.042 pp | +0.740 pp | -0.244 pp | +1.587 pp | -13.5% |
| May 2021 | 1.631% | +0.019 pp | +0.830 pp | -0.205 pp | +1.629 pp | -15.6% |
| Apr 2021 | 1.612% | +0.762 pp | +0.637 pp | -0.286 pp | -0.565 pp | -19.6% |
| Mar 2021 | 0.849% | +0.048 pp | -0.983 pp | +0.847 pp | +0.847 pp | -20.3% |
| Feb 2021 | 0.801% | -0.174 pp | -1.035 pp | +0.799 pp | +0.800 pp | -24.5% |
| Jan 2021 | 0.975% | -0.858 pp | -0.923 pp | +0.973 pp | -1.280 pp | -21.8% |
| Dec 2020 | 1.833% | -0.003 pp | +1.831 pp | +1.831 pp | -0.308 pp | -7.7% |
| Nov 2020 | 1.836% | -0.062 pp | +1.834 pp | +1.834 pp | -0.312 pp | -8.8% |
| Oct 2020 | 1.898% | +1.896 pp | +1.896 pp | -0.279 pp | -0.355 pp | -8.9% |
| Sep 2020 | 0.002% | -0.000 pp | -0.000 pp | +0.000 pp | -2.295 pp | -10.4% |
| 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% |
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.