Diversified Banks
Diversified Banks is losing market weight. Gained weight for 3 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 96% 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
Jun 2021 – May 2026 · 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 | 1.390% | -0.273 pp | +15.6% | 0.0 |
| Wells Fargo → WFC | Diversified Banks | United States | 0.411% | -0.140 pp | +6.0% | 0.0 |
| Bank of America → BAC | Diversified Banks | United States | 0.635% | -0.119 pp | +19.6% | 0.0 |
| Citigroup → C | Diversified Banks | United States | 0.382% | +0.063 pp | +70.9% | 0.0 |
| Truist Financial → TFC | Diversified Banks | United States | 0.104% | -0.013 pp | +27.6% | 0.0 |
| U.S. Bancorp → USB | Diversified Banks | United States | 0.148% | -0.006 pp | +31.2% | 0.0 |
| PNC Financial Services → PNC | Diversified Banks | United States | 0.154% | -0.002 pp | +31.5% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| May 2026 | 3.223% | +0.582 pp | +0.692 pp | -0.528 pp | -0.490 pp | -6.9% |
| Apr 2026 | 2.641% | +0.006 pp | -1.096 pp | -1.095 pp | -1.012 pp | +3.7% |
| Mar 2026 | 2.635% | +0.104 pp | -1.298 pp | -1.205 pp | -1.074 pp | +2.6% |
| Feb 2026 | 2.531% | -1.206 pp | -1.220 pp | -1.333 pp | -1.290 pp | -6.8% |
| Jan 2026 | 3.736% | -0.197 pp | +0.001 pp | -0.086 pp | -0.136 pp | -2.0% |
| Dec 2025 | 3.933% | +0.182 pp | +0.093 pp | +0.090 pp | +0.332 pp | +10.2% |
| Nov 2025 | 3.751% | +0.015 pp | -0.113 pp | +0.038 pp | +0.028 pp | +2.3% |
| Oct 2025 | 3.735% | -0.104 pp | -0.087 pp | +0.083 pp | +0.229 pp | +10.4% |
| Sep 2025 | 3.840% | -0.024 pp | -0.003 pp | +0.131 pp | +0.530 pp | +22.3% |
| Aug 2025 | 3.864% | +0.041 pp | +0.151 pp | +0.043 pp | +0.285 pp | +15.7% |
| Jul 2025 | 3.822% | -0.021 pp | +0.170 pp | -0.050 pp | +1.212 pp | +14.5% |
| Jun 2025 | 3.843% | +0.131 pp | +0.134 pp | +0.243 pp | +1.227 pp | +16.7% |
| May 2025 | 3.713% | +0.060 pp | -0.108 pp | -0.010 pp | +1.039 pp | +10.0% |
| Apr 2025 | 3.652% | -0.057 pp | -0.220 pp | +0.145 pp | -0.245 pp | +7.5% |
| Mar 2025 | 3.709% | -0.112 pp | +0.108 pp | +0.399 pp | -0.145 pp | +11.2% |
| Feb 2025 | 3.821% | -0.052 pp | +0.098 pp | +0.242 pp | +0.144 pp | +22.6% |
| Jan 2025 | 3.873% | +0.272 pp | +0.366 pp | +1.262 pp | +0.194 pp | +23.7% |
| Dec 2024 | 3.600% | -0.122 pp | +0.291 pp | +0.984 pp | -0.019 pp | +18.3% |
| Nov 2024 | 3.722% | +0.215 pp | +0.144 pp | +1.049 pp | +0.298 pp | +28.8% |
| Oct 2024 | 3.507% | +0.197 pp | +0.897 pp | -0.390 pp | +0.225 pp | +24.3% |
| Sep 2024 | 3.309% | -0.269 pp | +0.693 pp | -0.545 pp | -0.048 pp | +13.4% |
| Aug 2024 | 3.579% | +0.968 pp | +0.905 pp | -0.098 pp | +0.301 pp | +23.1% |
| Jul 2024 | 2.610% | -0.006 pp | -1.287 pp | -1.068 pp | +0.122 pp | +15.4% |
| Jun 2024 | 2.616% | -0.057 pp | -1.238 pp | -1.003 pp | +0.200 pp | +18.4% |
| May 2024 | 2.674% | -1.223 pp | -1.003 pp | -0.750 pp | +0.237 pp | +21.3% |
| Apr 2024 | 3.897% | +0.043 pp | +0.218 pp | +0.615 pp | +0.414 pp | +17.9% |
| Mar 2024 | 3.854% | +0.177 pp | +0.234 pp | +0.496 pp | +0.453 pp | +19.7% |
| Feb 2024 | 3.677% | -0.002 pp | +0.253 pp | +0.400 pp | -0.440 pp | -5.8% |
| Jan 2024 | 3.679% | +0.059 pp | +0.397 pp | +1.190 pp | -0.363 pp | -3.5% |
| Dec 2023 | 3.619% | +0.196 pp | +0.262 pp | +1.203 pp | -0.312 pp | -4.3% |
| Nov 2023 | 3.424% | +0.142 pp | +0.147 pp | +0.987 pp | -0.590 pp | -12.2% |
| Oct 2023 | 3.282% | -0.076 pp | +0.794 pp | -0.201 pp | -0.661 pp | -17.7% |
| Sep 2023 | 3.357% | +0.080 pp | +0.941 pp | -0.043 pp | -0.420 pp | -9.4% |
| Aug 2023 | 3.277% | +0.789 pp | +0.841 pp | -0.839 pp | -0.511 pp | -11.0% |
| Jul 2023 | 2.488% | +0.072 pp | -0.995 pp | -1.554 pp | -1.235 pp | -2.8% |
| Jun 2023 | 2.416% | -0.020 pp | -0.984 pp | -1.516 pp | -1.535 pp | -8.1% |
| May 2023 | 2.437% | -1.047 pp | -1.680 pp | -1.578 pp | -1.823 pp | -14.3% |
| Apr 2023 | 3.483% | +0.083 pp | -0.559 pp | -0.460 pp | -0.522 pp | -5.8% |
| Mar 2023 | 3.401% | -0.716 pp | -0.531 pp | -0.377 pp | -0.831 pp | -11.4% |
| Feb 2023 | 4.116% | +0.074 pp | +0.102 pp | +0.328 pp | -0.553 pp | -1.5% |
| Jan 2023 | 4.042% | +0.110 pp | +0.099 pp | +0.319 pp | -0.726 pp | -4.7% |
| Dec 2022 | 3.932% | -0.082 pp | +0.154 pp | -0.020 pp | -0.519 pp | +0.9% |
| 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% |
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.