Managed Health Care
Managed Health Care is losing market weight. Gained 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 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
May 2019 – Apr 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 |
|---|---|---|---|---|---|---|
| UnitedHealth Group → UNH | Managed Health Care | United States | 1.292% | -0.259 pp | -0.2% | 0.0 |
| Humana → HUM | Managed Health Care | United States | 0.105% | -0.118 pp | -42.6% | 0.0 |
| Elevance Health → ELV | Managed Health Care | United States | 0.356% | -0.019 pp | +14.2% | 0.0 |
| Centene Corporation → CNC | Managed Health Care | United States | 0.113% | -0.015 pp | +6.0% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Apr 2024 | 1.866% | +0.034 pp | -0.144 pp | -0.526 pp | -0.411 pp | -15.9% |
| Mar 2024 | 1.832% | -0.048 pp | -0.237 pp | -0.396 pp | -0.371 pp | -14.5% |
| Feb 2024 | 1.879% | -0.131 pp | -0.375 pp | -0.148 pp | -0.423 pp | -16.4% |
| Jan 2024 | 2.010% | -0.059 pp | -0.382 pp | +0.535 pp | -0.364 pp | -12.1% |
| Dec 2023 | 2.069% | -0.186 pp | -0.159 pp | +0.576 pp | -0.562 pp | -19.9% |
| Nov 2023 | 2.255% | -0.137 pp | +0.227 pp | +0.632 pp | -0.318 pp | -11.8% |
| Oct 2023 | 2.392% | +0.164 pp | +0.917 pp | +0.115 pp | -0.336 pp | -15.0% |
| Sep 2023 | 2.228% | +0.201 pp | +0.735 pp | +0.026 pp | -0.475 pp | -17.4% |
| Aug 2023 | 2.027% | +0.553 pp | +0.405 pp | -0.275 pp | -0.532 pp | -20.0% |
| Jul 2023 | 1.475% | -0.019 pp | -0.803 pp | -0.900 pp | -1.062 pp | -16.5% |
| Jun 2023 | 1.493% | -0.129 pp | -0.709 pp | -1.138 pp | -1.256 pp | -19.5% |
| May 2023 | 1.622% | -0.655 pp | -0.680 pp | -0.950 pp | -0.877 pp | -4.1% |
| Apr 2023 | 2.277% | +0.075 pp | -0.097 pp | -0.451 pp | -0.264 pp | -4.2% |
| Mar 2023 | 2.203% | -0.100 pp | -0.429 pp | -0.501 pp | -0.162 pp | +1.4% |
| Feb 2023 | 2.303% | -0.071 pp | -0.270 pp | -0.257 pp | +0.014 pp | +10.9% |
| Jan 2023 | 2.374% | -0.257 pp | -0.354 pp | -0.163 pp | +0.195 pp | +19.1% |
| Dec 2022 | 2.631% | +0.059 pp | -0.072 pp | -0.118 pp | +0.411 pp | +31.8% |
| Nov 2022 | 2.572% | -0.155 pp | +0.013 pp | +0.073 pp | +0.503 pp | +42.4% |
| Oct 2022 | 2.728% | +0.024 pp | +0.191 pp | +0.187 pp | +0.587 pp | +53.0% |
| Sep 2022 | 2.704% | +0.144 pp | -0.046 pp | +0.339 pp | +0.788 pp | +62.1% |
| Aug 2022 | 2.560% | +0.023 pp | +0.060 pp | +0.271 pp | +0.644 pp | +51.9% |
| Jul 2022 | 2.537% | -0.212 pp | -0.004 pp | +0.358 pp | +0.557 pp | +45.4% |
| Jun 2022 | 2.749% | +0.250 pp | +0.385 pp | +0.529 pp | +0.733 pp | +49.3% |
| May 2022 | 2.499% | -0.042 pp | +0.210 pp | +0.430 pp | +0.402 pp | +29.7% |
| Apr 2022 | 2.541% | +0.177 pp | +0.362 pp | +0.401 pp | +0.500 pp | +35.1% |
| Mar 2022 | 2.365% | +0.075 pp | +0.144 pp | +0.449 pp | +1.327 pp | +26.3% |
| Feb 2022 | 2.289% | +0.110 pp | +0.220 pp | +0.374 pp | +1.345 pp | +32.5% |
| Jan 2022 | 2.179% | -0.041 pp | +0.039 pp | +0.199 pp | +1.039 pp | +22.6% |
| Dec 2021 | 2.220% | +0.151 pp | +0.305 pp | +0.205 pp | +0.190 pp | +19.2% |
| Nov 2021 | 2.070% | -0.071 pp | +0.154 pp | -0.028 pp | +0.008 pp | +8.1% |
| Oct 2021 | 2.141% | +0.225 pp | +0.161 pp | +0.099 pp | +0.034 pp | +7.8% |
| Sep 2021 | 1.916% | +0.000 pp | -0.100 pp | +0.878 pp | +1.914 pp | -2.6% |
| Aug 2021 | 1.915% | -0.064 pp | -0.182 pp | +0.971 pp | +1.913 pp | -0.3% |
| Jul 2021 | 1.980% | -0.036 pp | -0.062 pp | +0.840 pp | +1.978 pp | -0.6% |
| Jun 2021 | 2.016% | -0.082 pp | +0.978 pp | -0.015 pp | +2.013 pp | -3.4% |
| May 2021 | 2.098% | +0.056 pp | +1.154 pp | +0.037 pp | +2.095 pp | -7.2% |
| Apr 2021 | 2.042% | +1.003 pp | +0.901 pp | -0.065 pp | -0.406 pp | -10.2% |
| Mar 2021 | 1.038% | +0.094 pp | -0.993 pp | +1.036 pp | +1.036 pp | -5.0% |
| Feb 2021 | 0.944% | -0.196 pp | -1.117 pp | +0.942 pp | +0.943 pp | -2.4% |
| Jan 2021 | 1.140% | -0.890 pp | -0.966 pp | +1.138 pp | -0.813 pp | +1.4% |
| Dec 2020 | 2.031% | -0.031 pp | +2.028 pp | +2.028 pp | -0.077 pp | -0.4% |
| Nov 2020 | 2.061% | -0.045 pp | +2.059 pp | +2.059 pp | +0.003 pp | +2.6% |
| Oct 2020 | 2.106% | +2.104 pp | +2.104 pp | -0.341 pp | +0.181 pp | +13.7% |
| Sep 2020 | 0.002% | -0.000 pp | -0.000 pp | +0.000 pp | -1.696 pp | +27.1% |
| Aug 2020 | 0.002% | +0.000 pp | -0.000 pp | +0.001 pp | -1.881 pp | +12.9% |
| Jul 2020 | 0.002% | -0.000 pp | -2.445 pp | -1.951 pp | -1.986 pp | +10.7% |
| Jun 2020 | 0.002% | -0.000 pp | +0.000 pp | -2.106 pp | -1.949 pp | +17.3% |
| May 2020 | 0.003% | -2.445 pp | +0.001 pp | -2.056 pp | -2.084 pp | +20.3% |
| Apr 2020 | 2.447% | +2.445 pp | +0.494 pp | +0.522 pp | +0.512 pp | +34.0% |
| Mar 2020 | 0.002% | +0.000 pp | -2.106 pp | -1.697 pp | -2.118 pp | +13.2% |
| Feb 2020 | 0.002% | -1.952 pp | -2.057 pp | -1.881 pp | -2.163 pp | -2.1% |
| Jan 2020 | 1.953% | -0.155 pp | +0.028 pp | -0.035 pp | +0.653 pp | -13.3% |
| Dec 2019 | 2.108% | +0.050 pp | +0.409 pp | +0.157 pp | +0.825 pp | -5.7% |
| Nov 2019 | 2.058% | +0.133 pp | +0.175 pp | -0.028 pp | +0.711 pp | -11.8% |
| Oct 2019 | 1.925% | +0.227 pp | -0.063 pp | -0.009 pp | +0.636 pp | -14.3% |
| Sep 2019 | 1.699% | -0.184 pp | -0.253 pp | -0.421 pp | +0.460 pp | -19.5% |
| Aug 2019 | 1.883% | -0.106 pp | -0.203 pp | -0.282 pp | +0.630 pp | -11.4% |
| Jul 2019 | 1.988% | +0.037 pp | +0.054 pp | +0.689 pp | -0.145 pp | -1.7% |
| Jun 2019 | 1.951% | -0.135 pp | -0.169 pp | +0.669 pp | -0.163 pp | -3.8% |
| May 2019 | 2.086% | +0.152 pp | -0.079 pp | +0.739 pp | +0.029 pp | +4.7% |
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.