Regional Banks
Regional Banks is losing market weight. Gained weight for 2 consecutive months.
The loss is shared across much of the industry.
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 63% 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
Sep 2018 – Aug 2023 · 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 |
|---|---|---|---|---|---|---|
| M&T Bank → MTB | Regional Banks | United States | 0.066% | -0.048 pp | -28.7% | 0.0 |
| Fifth Third Bancorp → FITB | Regional Banks | United States | 0.058% | -0.026 pp | -18.7% | 0.0 |
| KeyCorp → KEY | Regional Banks | United States | 0.034% | -0.025 pp | -31.9% | 0.0 |
| Citizens Financial Group → CFG | Regional Banks | United States | 0.042% | -0.023 pp | -19.6% | 0.0 |
| Huntington Bancshares → HBAN | Regional Banks | United States | 0.051% | -0.018 pp | -12.9% | 0.0 |
| Regions Financial Corporation → RF | Regional Banks | United States | 0.055% | -0.018 pp | -10.8% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Aug 2023 | 0.306% | +0.073 pp | +0.087 pp | -0.158 pp | -0.158 pp | -30.8% |
| Jul 2023 | 0.233% | +0.021 pp | -0.096 pp | -0.229 pp | -0.214 pp | -22.1% |
| Jun 2023 | 0.213% | -0.006 pp | -0.122 pp | -0.234 pp | -0.255 pp | -30.0% |
| May 2023 | 0.219% | -0.111 pp | -0.245 pp | -0.245 pp | -0.282 pp | -33.0% |
| Apr 2023 | 0.330% | -0.005 pp | -0.132 pp | -0.144 pp | -0.104 pp | -23.4% |
| Mar 2023 | 0.334% | -0.129 pp | -0.112 pp | -0.147 pp | -0.113 pp | -23.3% |
| Feb 2023 | 0.464% | +0.002 pp | -0.001 pp | -0.000 pp | -0.045 pp | -5.5% |
| Jan 2023 | 0.462% | +0.015 pp | -0.012 pp | +0.015 pp | -0.013 pp | -0.3% |
| Dec 2022 | 0.446% | -0.018 pp | -0.036 pp | -0.021 pp | +0.016 pp | +8.2% |
| Nov 2022 | 0.464% | -0.009 pp | +0.000 pp | -0.037 pp | +0.019 pp | +11.8% |
| Oct 2022 | 0.473% | -0.008 pp | +0.026 pp | +0.039 pp | +0.015 pp | +16.6% |
| Sep 2022 | 0.482% | +0.018 pp | +0.014 pp | +0.034 pp | +0.017 pp | +12.2% |
| Aug 2022 | 0.464% | +0.017 pp | -0.037 pp | -0.045 pp | +0.045 pp | +18.5% |
| Jul 2022 | 0.447% | -0.021 pp | +0.013 pp | -0.028 pp | +0.061 pp | +16.9% |
| Jun 2022 | 0.468% | -0.033 pp | +0.020 pp | +0.037 pp | +0.047 pp | +8.6% |
| May 2022 | 0.501% | +0.067 pp | -0.008 pp | +0.055 pp | +0.026 pp | +2.4% |
| Apr 2022 | 0.434% | -0.014 pp | -0.041 pp | -0.024 pp | -0.024 pp | +0.6% |
| Mar 2022 | 0.448% | -0.061 pp | +0.018 pp | -0.017 pp | +0.213 pp | +3.6% |
| Feb 2022 | 0.509% | +0.034 pp | +0.063 pp | +0.089 pp | +0.274 pp | +15.8% |
| Jan 2022 | 0.475% | +0.045 pp | +0.016 pp | +0.089 pp | +0.237 pp | +24.6% |
| Dec 2021 | 0.430% | -0.015 pp | -0.035 pp | +0.010 pp | +0.043 pp | +17.9% |
| Nov 2021 | 0.446% | -0.013 pp | +0.026 pp | -0.029 pp | +0.068 pp | +23.5% |
| Oct 2021 | 0.459% | -0.006 pp | +0.072 pp | +0.001 pp | +0.092 pp | +27.8% |
| Sep 2021 | 0.465% | +0.046 pp | +0.044 pp | +0.230 pp | +0.464 pp | +48.0% |
| Aug 2021 | 0.419% | +0.033 pp | -0.056 pp | +0.185 pp | +0.419 pp | +34.7% |
| Jul 2021 | 0.386% | -0.034 pp | -0.072 pp | +0.148 pp | +0.386 pp | +26.0% |
| Jun 2021 | 0.421% | -0.055 pp | +0.186 pp | +0.034 pp | +0.420 pp | +28.3% |
| May 2021 | 0.475% | +0.017 pp | +0.240 pp | +0.097 pp | +0.475 pp | +42.3% |
| Apr 2021 | 0.458% | +0.223 pp | +0.220 pp | +0.091 pp | +0.075 pp | +32.2% |
| Mar 2021 | 0.235% | +0.000 pp | -0.152 pp | +0.234 pp | +0.234 pp | +38.3% |
| Feb 2021 | 0.235% | -0.003 pp | -0.143 pp | +0.234 pp | +0.234 pp | +5.3% |
| Jan 2021 | 0.238% | -0.149 pp | -0.129 pp | +0.238 pp | -0.285 pp | -15.4% |
| Dec 2020 | 0.387% | +0.009 pp | +0.387 pp | +0.387 pp | -0.172 pp | -23.2% |
| Nov 2020 | 0.378% | +0.011 pp | +0.378 pp | +0.378 pp | -0.178 pp | -25.3% |
| Oct 2020 | 0.367% | +0.367 pp | +0.367 pp | -0.016 pp | -0.187 pp | -25.0% |
| Sep 2020 | 0.000% | -0.000 pp | -0.000 pp | +0.000 pp | -0.560 pp | -35.2% |
| Aug 2020 | 0.000% | +0.000 pp | -0.000 pp | -0.000 pp | -0.538 pp | -32.7% |
| Jul 2020 | 0.000% | -0.000 pp | -0.383 pp | -0.523 pp | -0.589 pp | -35.7% |
| Jun 2020 | 0.000% | -0.000 pp | +0.000 pp | -0.559 pp | -0.579 pp | -30.5% |
| May 2020 | 0.000% | -0.383 pp | +0.000 pp | -0.556 pp | -0.579 pp | -28.4% |
| Apr 2020 | 0.383% | +0.383 pp | -0.140 pp | -0.171 pp | -0.213 pp | -27.5% |
| Mar 2020 | 0.000% | -0.000 pp | -0.559 pp | -0.560 pp | -0.555 pp | -26.5% |
| Feb 2020 | 0.000% | -0.523 pp | -0.556 pp | -0.538 pp | -0.629 pp | -14.7% |
| Jan 2020 | 0.523% | -0.036 pp | -0.030 pp | -0.066 pp | +0.183 pp | -4.9% |
| Dec 2019 | 0.559% | +0.003 pp | -0.001 pp | -0.020 pp | +0.233 pp | +5.6% |
| Nov 2019 | 0.556% | +0.002 pp | +0.018 pp | -0.024 pp | +0.189 pp | -6.0% |
| Oct 2019 | 0.554% | -0.006 pp | -0.036 pp | -0.042 pp | +0.172 pp | -9.9% |
| Sep 2019 | 0.560% | +0.022 pp | -0.019 pp | +0.005 pp | +0.183 pp | -5.4% |
| Aug 2019 | 0.538% | -0.051 pp | -0.042 pp | -0.092 pp | +0.131 pp | -15.5% |
| Jul 2019 | 0.589% | +0.010 pp | -0.006 pp | +0.249 pp | -0.139 pp | -7.1% |
| Jun 2019 | 0.579% | -0.001 pp | +0.024 pp | +0.253 pp | -0.150 pp | -9.3% |
| May 2019 | 0.580% | -0.016 pp | -0.050 pp | +0.213 pp | -0.168 pp | -12.3% |
| Apr 2019 | 0.596% | +0.041 pp | +0.255 pp | +0.214 pp | -0.198 pp | -13.6% |
| Mar 2019 | 0.555% | -0.075 pp | +0.229 pp | +0.178 pp | -0.230 pp | -19.2% |
| Feb 2019 | 0.630% | +0.289 pp | +0.263 pp | +0.222 pp | -0.171 pp | -10.8% |
| Jan 2019 | 0.341% | +0.015 pp | -0.041 pp | -0.387 pp | -0.443 pp | -11.5% |
| Dec 2018 | 0.326% | -0.041 pp | -0.051 pp | -0.403 pp | -0.458 pp | -15.7% |
| Nov 2018 | 0.367% | -0.015 pp | -0.040 pp | -0.381 pp | -0.417 pp | -5.7% |
| Oct 2018 | 0.382% | +0.005 pp | -0.346 pp | -0.412 pp | -0.402 pp | -5.0% |
| Sep 2018 | 0.377% | -0.031 pp | -0.352 pp | -0.408 pp | -0.407 pp | -8.2% |
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.