Tobacco
Tobacco is losing market weight. Lost 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
Oct 2019 – Sep 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 |
|---|---|---|---|---|---|---|
| Altria → MO | Tobacco | United States | 0.203% | -0.046 pp | +32.3% | 0.0 |
| Philip Morris International → PM | Tobacco | United States | 0.439% | -0.041 pp | +38.1% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Sep 2024 | 0.642% | -0.043 pp | +0.196 pp | +0.034 pp | -0.087 pp | +3.4% |
| Aug 2024 | 0.685% | +0.214 pp | +0.232 pp | +0.078 pp | -0.040 pp | +9.1% |
| Jul 2024 | 0.471% | +0.025 pp | -0.175 pp | -0.160 pp | -0.043 pp | +3.2% |
| Jun 2024 | 0.446% | -0.007 pp | -0.162 pp | -0.202 pp | -0.092 pp | -8.0% |
| May 2024 | 0.453% | -0.192 pp | -0.154 pp | -0.231 pp | -0.088 pp | -5.3% |
| Apr 2024 | 0.645% | +0.038 pp | +0.015 pp | -0.067 pp | -0.165 pp | -14.2% |
| Mar 2024 | 0.608% | +0.001 pp | -0.041 pp | -0.121 pp | -0.178 pp | -17.2% |
| Feb 2024 | 0.607% | -0.023 pp | -0.077 pp | -0.118 pp | -0.215 pp | -21.3% |
| Jan 2024 | 0.630% | -0.018 pp | -0.082 pp | +0.116 pp | -0.199 pp | -17.8% |
| Dec 2023 | 0.648% | -0.035 pp | -0.081 pp | +0.111 pp | -0.213 pp | -20.2% |
| Nov 2023 | 0.684% | -0.028 pp | -0.042 pp | +0.143 pp | -0.124 pp | -11.4% |
| Oct 2023 | 0.712% | -0.017 pp | +0.198 pp | -0.098 pp | -0.087 pp | -10.2% |
| Sep 2023 | 0.729% | +0.004 pp | +0.192 pp | -0.057 pp | -0.062 pp | -3.9% |
| Aug 2023 | 0.725% | +0.211 pp | +0.184 pp | -0.096 pp | -0.095 pp | -7.0% |
| Jul 2023 | 0.514% | -0.023 pp | -0.296 pp | -0.315 pp | -0.275 pp | -2.5% |
| Jun 2023 | 0.537% | -0.004 pp | -0.249 pp | -0.324 pp | -0.353 pp | -6.5% |
| May 2023 | 0.541% | -0.269 pp | -0.281 pp | -0.267 pp | -0.405 pp | -11.8% |
| Apr 2023 | 0.810% | +0.024 pp | -0.019 pp | +0.011 pp | -0.114 pp | -2.2% |
| Mar 2023 | 0.786% | -0.036 pp | -0.076 pp | -0.005 pp | -0.023 pp | +10.5% |
| Feb 2023 | 0.822% | -0.008 pp | +0.014 pp | +0.001 pp | -0.045 pp | +9.3% |
| Jan 2023 | 0.829% | -0.033 pp | +0.030 pp | +0.040 pp | -0.024 pp | +11.9% |
| Dec 2022 | 0.862% | +0.054 pp | +0.070 pp | -0.029 pp | +0.109 pp | +34.1% |
| Nov 2022 | 0.808% | +0.008 pp | -0.013 pp | -0.138 pp | +0.091 pp | +35.9% |
| Oct 2022 | 0.800% | +0.008 pp | +0.011 pp | -0.125 pp | +0.037 pp | +32.6% |
| Sep 2022 | 0.791% | -0.029 pp | -0.099 pp | -0.018 pp | -0.022 pp | +17.9% |
| Aug 2022 | 0.821% | +0.032 pp | -0.125 pp | -0.046 pp | -0.026 pp | +15.9% |
| Jul 2022 | 0.789% | -0.101 pp | -0.135 pp | -0.064 pp | -0.050 pp | +12.4% |
| Jun 2022 | 0.890% | -0.055 pp | +0.081 pp | +0.138 pp | +0.032 pp | +19.7% |
| May 2022 | 0.946% | +0.022 pp | +0.079 pp | +0.229 pp | +0.080 pp | +25.3% |
| Apr 2022 | 0.924% | +0.115 pp | +0.071 pp | +0.162 pp | +0.067 pp | +23.3% |
| Mar 2022 | 0.810% | -0.057 pp | +0.057 pp | -0.004 pp | +0.353 pp | +3.6% |
| Feb 2022 | 0.867% | +0.014 pp | +0.150 pp | +0.020 pp | +0.443 pp | +17.5% |
| Jan 2022 | 0.853% | +0.100 pp | +0.091 pp | +0.014 pp | +0.373 pp | +18.7% |
| Dec 2021 | 0.753% | +0.036 pp | -0.061 pp | -0.106 pp | -0.078 pp | +2.8% |
| Nov 2021 | 0.717% | -0.046 pp | -0.130 pp | -0.149 pp | -0.099 pp | -1.5% |
| Oct 2021 | 0.762% | -0.051 pp | -0.076 pp | -0.095 pp | -0.079 pp | +0.1% |
| Sep 2021 | 0.813% | -0.033 pp | -0.045 pp | +0.357 pp | +0.812 pp | +3.0% |
| Aug 2021 | 0.847% | +0.008 pp | -0.020 pp | +0.423 pp | +0.846 pp | +2.2% |
| Jul 2021 | 0.839% | -0.020 pp | -0.018 pp | +0.359 pp | +0.838 pp | -0.2% |
| Jun 2021 | 0.858% | -0.008 pp | +0.402 pp | +0.028 pp | +0.857 pp | +2.0% |
| May 2021 | 0.866% | +0.009 pp | +0.443 pp | +0.051 pp | +0.865 pp | -2.4% |
| Apr 2021 | 0.857% | +0.401 pp | +0.377 pp | +0.016 pp | -0.201 pp | -8.8% |
| Mar 2021 | 0.456% | +0.033 pp | -0.374 pp | +0.455 pp | +0.455 pp | -13.0% |
| Feb 2021 | 0.423% | -0.056 pp | -0.392 pp | +0.422 pp | +0.423 pp | -13.5% |
| Jan 2021 | 0.480% | -0.350 pp | -0.361 pp | +0.479 pp | -0.593 pp | -15.6% |
| Dec 2020 | 0.830% | +0.015 pp | +0.829 pp | +0.829 pp | -0.277 pp | -15.8% |
| Nov 2020 | 0.815% | -0.026 pp | +0.814 pp | +0.814 pp | -0.302 pp | -19.0% |
| Oct 2020 | 0.841% | +0.840 pp | +0.840 pp | -0.217 pp | -0.255 pp | -13.7% |
| Sep 2020 | 0.001% | -0.000 pp | -0.000 pp | -0.000 pp | -1.032 pp | -5.7% |
| Aug 2020 | 0.001% | +0.000 pp | -0.000 pp | +0.000 pp | -1.053 pp | -2.1% |
| Jul 2020 | 0.001% | -0.000 pp | -1.057 pp | -1.072 pp | -1.159 pp | -10.0% |
| Jun 2020 | 0.001% | -0.000 pp | +0.000 pp | -1.106 pp | -1.135 pp | -8.9% |
| May 2020 | 0.001% | -1.057 pp | +0.000 pp | -1.117 pp | -1.232 pp | -10.3% |
| Apr 2020 | 1.058% | +1.057 pp | -0.014 pp | -0.038 pp | -0.258 pp | -9.0% |
| Mar 2020 | 0.001% | +0.000 pp | -1.106 pp | -1.032 pp | -1.407 pp | -8.5% |
| Feb 2020 | 0.001% | -1.072 pp | -1.117 pp | -1.054 pp | -1.352 pp | -11.4% |
| Jan 2020 | 1.073% | -0.034 pp | -0.024 pp | -0.087 pp | +0.374 pp | -5.4% |
| Dec 2019 | 1.107% | -0.011 pp | +0.074 pp | -0.029 pp | +0.404 pp | -3.5% |
| Nov 2019 | 1.118% | +0.021 pp | +0.063 pp | -0.116 pp | +0.329 pp | -12.3% |
| Oct 2019 | 1.097% | +0.063 pp | -0.064 pp | -0.220 pp | +0.218 pp | -23.2% |
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.