Diversified Banks
Diversified Banks 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 74% 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 – Nov 2022 · 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 |
|---|---|---|---|---|---|---|
| JPMorgan Chase → JPM | Diversified Banks | United States | 1.376% | -0.210 pp | -10.3% | 0.0 |
| Bank of America → BAC | Diversified Banks | United States | 1.030% | -0.199 pp | -13.0% | 0.0 |
| Citigroup → C | Diversified Banks | United States | 0.318% | -0.109 pp | -20.9% | 0.0 |
| Truist Financial → TFC | Diversified Banks | United States | 0.211% | -0.057 pp | -17.9% | 0.0 |
| PNC Financial Services → PNC | Diversified Banks | United States | 0.230% | -0.051 pp | -11.7% | 0.0 |
| U.S. Bancorp → USB | Diversified Banks | United States | 0.229% | -0.048 pp | -14.8% | 0.0 |
| Wells Fargo → WFC | Diversified Banks | United States | 0.620% | -0.024 pp | +2.7% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Nov 2022 | 4.014% | +0.071 pp | +0.226 pp | -0.246 pp | -0.698 pp | +0.2% |
| Oct 2022 | 3.943% | +0.166 pp | +0.220 pp | -0.062 pp | -1.110 pp | -3.0% |
| Sep 2022 | 3.778% | -0.011 pp | -0.174 pp | -0.453 pp | -1.238 pp | -9.7% |
| Aug 2022 | 3.789% | +0.065 pp | -0.471 pp | -0.881 pp | -0.910 pp | -4.4% |
| Jul 2022 | 3.723% | -0.228 pp | -0.281 pp | -1.045 pp | -0.885 pp | -3.8% |
| Jun 2022 | 3.952% | -0.308 pp | -0.280 pp | -0.499 pp | -0.984 pp | -7.7% |
| May 2022 | 4.260% | +0.255 pp | -0.410 pp | -0.452 pp | -1.015 pp | -7.4% |
| Apr 2022 | 4.005% | -0.226 pp | -0.763 pp | -1.048 pp | -1.069 pp | -9.9% |
| Mar 2022 | 4.231% | -0.439 pp | -0.220 pp | -0.785 pp | +1.595 pp | -6.2% |
| Feb 2022 | 4.670% | -0.098 pp | -0.042 pp | -0.029 pp | +2.154 pp | +6.5% |
| Jan 2022 | 4.768% | +0.317 pp | -0.285 pp | +0.159 pp | +2.174 pp | +22.0% |
| Dec 2021 | 4.451% | -0.261 pp | -0.565 pp | -0.485 pp | -0.004 pp | +12.9% |
| Nov 2021 | 4.712% | -0.341 pp | +0.013 pp | -0.563 pp | +0.394 pp | +21.8% |
| Oct 2021 | 5.053% | +0.037 pp | +0.444 pp | -0.020 pp | +1.070 pp | +38.1% |
| Sep 2021 | 5.016% | +0.317 pp | +0.080 pp | +2.380 pp | +5.012 pp | +40.0% |
| Aug 2021 | 4.699% | +0.090 pp | -0.577 pp | +2.183 pp | +4.694 pp | +28.7% |
| Jul 2021 | 4.609% | -0.327 pp | -0.465 pp | +2.015 pp | +4.605 pp | +20.9% |
| Jun 2021 | 4.936% | -0.339 pp | +2.300 pp | +0.481 pp | +4.931 pp | +21.6% |
| May 2021 | 5.275% | +0.202 pp | +2.759 pp | +0.957 pp | +5.271 pp | +24.5% |
| Apr 2021 | 5.074% | +2.438 pp | +2.480 pp | +1.090 pp | +0.165 pp | +13.5% |
| Mar 2021 | 2.636% | +0.120 pp | -1.819 pp | +2.632 pp | +2.632 pp | +13.1% |
| Feb 2021 | 2.516% | -0.078 pp | -1.802 pp | +2.512 pp | +2.512 pp | -7.5% |
| Jan 2021 | 2.594% | -1.861 pp | -1.389 pp | +2.590 pp | -3.618 pp | -23.4% |
| Dec 2020 | 4.455% | +0.136 pp | +4.451 pp | +4.450 pp | -2.226 pp | -27.3% |
| Nov 2020 | 4.319% | +0.335 pp | +4.314 pp | +4.314 pp | -2.282 pp | -29.3% |
| Oct 2020 | 3.983% | +3.979 pp | +3.979 pp | -0.925 pp | -2.617 pp | -32.5% |
| Sep 2020 | 0.004% | -0.000 pp | -0.000 pp | +0.000 pp | -6.458 pp | -32.9% |
| Aug 2020 | 0.004% | +0.000 pp | -0.000 pp | +0.000 pp | -6.167 pp | -27.8% |
| Jul 2020 | 0.004% | -0.000 pp | -4.905 pp | -6.208 pp | -6.589 pp | -29.2% |
| Jun 2020 | 0.005% | -0.000 pp | +0.001 pp | -6.676 pp | -6.443 pp | -23.5% |
| May 2020 | 0.005% | -4.904 pp | +0.000 pp | -6.595 pp | -6.477 pp | -19.6% |
| Apr 2020 | 4.909% | +4.905 pp | -1.303 pp | -1.692 pp | -2.006 pp | -18.5% |
| Mar 2020 | 0.004% | -0.000 pp | -6.677 pp | -6.458 pp | -6.501 pp | -12.7% |
| Feb 2020 | 0.004% | -6.207 pp | -6.596 pp | -6.167 pp | -6.834 pp | -3.1% |
| Jan 2020 | 6.212% | -0.469 pp | -0.389 pp | -0.381 pp | +2.293 pp | +2.1% |
| Dec 2019 | 6.681% | +0.080 pp | +0.218 pp | +0.233 pp | +2.849 pp | +11.8% |
| Nov 2019 | 6.600% | -0.000 pp | +0.428 pp | +0.119 pp | +2.440 pp | +2.6% |
| Oct 2019 | 6.601% | +0.138 pp | +0.007 pp | -0.315 pp | +2.427 pp | +0.2% |
| Sep 2019 | 6.462% | +0.290 pp | +0.015 pp | -0.043 pp | +2.339 pp | +2.0% |
| Aug 2019 | 6.172% | -0.421 pp | -0.310 pp | -0.667 pp | +1.815 pp | -7.4% |
| Jul 2019 | 6.593% | +0.146 pp | -0.322 pp | +2.675 pp | -1.306 pp | -2.7% |
| Jun 2019 | 6.448% | -0.034 pp | -0.057 pp | +2.616 pp | -1.235 pp | -2.5% |
| May 2019 | 6.481% | -0.434 pp | -0.357 pp | +2.321 pp | -1.299 pp | -4.1% |
| Apr 2019 | 6.915% | +0.410 pp | +2.997 pp | +2.741 pp | -1.066 pp | -1.4% |
| Mar 2019 | 6.505% | -0.333 pp | +2.674 pp | +2.382 pp | -1.526 pp | -8.5% |
| Feb 2019 | 6.838% | +2.920 pp | +2.678 pp | +2.482 pp | -1.631 pp | -8.8% |
| Jan 2019 | 3.918% | +0.087 pp | -0.255 pp | -3.981 pp | -4.524 pp | -6.7% |
| Dec 2018 | 3.831% | -0.329 pp | -0.292 pp | -3.851 pp | -4.611 pp | -9.5% |
| Nov 2018 | 4.160% | -0.014 pp | -0.196 pp | -3.620 pp | -4.282 pp | -2.1% |
| Oct 2018 | 4.174% | +0.051 pp | -3.726 pp | -3.807 pp | -4.268 pp | -3.0% |
| Sep 2018 | 4.123% | -0.234 pp | -3.560 pp | -3.908 pp | -4.319 pp | -6.9% |
| Aug 2018 | 4.357% | -3.543 pp | -3.424 pp | -4.113 pp | -4.085 pp | -2.5% |
| Jul 2018 | 7.899% | +0.217 pp | -0.082 pp | -0.543 pp | -0.543 pp | -2.4% |
| Jun 2018 | 7.683% | -0.098 pp | -0.348 pp | -0.759 pp | -0.759 pp | -6.6% |
| May 2018 | 7.780% | -0.201 pp | -0.689 pp | -0.662 pp | -0.662 pp | -6.0% |
| Apr 2018 | 7.981% | -0.050 pp | -0.461 pp | -0.461 pp | -0.461 pp | -5.1% |
| Mar 2018 | 8.031% | -0.439 pp | -0.411 pp | -0.411 pp | -0.411 pp | -4.4% |
| Feb 2018 | 8.470% | +0.027 pp | +0.027 pp | +0.027 pp | +0.027 pp | +1.4% |
| Jan 2018 | 8.442% | +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.