Aerospace & Defense
Aerospace & Defense 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 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
Jan 2018 – Jan 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 |
|---|---|---|---|---|---|---|
| GE Aerospace → GE | Aerospace & Defense | United States | 0.217% | -0.899 pp | +10.9% | 0.0 |
| RTX Corporation → RTX | Aerospace & Defense | United States | 0.454% | +0.211 pp | +38.4% | 0.0 |
| Lockheed Martin → LMT | Aerospace & Defense | United States | 0.356% | +0.141 pp | +24.6% | 0.0 |
| Boeing → BA | Aerospace & Defense | United States | 0.393% | +0.130 pp | +3.1% | 0.0 |
| General Dynamics → GD | Aerospace & Defense | United States | 0.199% | +0.098 pp | +48.2% | 0.0 |
| Northrop Grumman → NOC | Aerospace & Defense | United States | 0.194% | +0.080 pp | +31.4% | 0.0 |
| L3Harris → LHX | Aerospace & Defense | United States | 0.138% | +0.052 pp | +24.4% | 0.0 |
| TransDigm Group → TDG | Aerospace & Defense | United States | 0.114% | +0.042 pp | +11.4% | 0.0 |
| Textron → TXT | Aerospace & Defense | United States | 0.050% | +0.026 pp | +50.6% | 0.0 |
| Howmet Aerospace → HWM | Aerospace & Defense | United States | 0.045% | +0.019 pp | +26.7% | 0.0 |
| Huntington Ingalls Industries → HII | Aerospace & Defense | United States | 0.025% | +0.010 pp | +21.8% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Jan 2022 | 2.187% | +0.122 pp | +0.022 pp | -1.812 pp | -0.090 pp | +8.9% |
| Dec 2021 | 2.064% | +0.003 pp | -1.958 pp | -2.151 pp | -1.973 pp | -2.0% |
| Nov 2021 | 2.061% | -0.104 pp | -1.838 pp | -2.355 pp | -2.044 pp | -4.9% |
| Oct 2021 | 2.165% | -1.858 pp | -1.834 pp | -2.066 pp | -1.407 pp | +13.1% |
| Sep 2021 | 4.022% | +0.123 pp | -0.193 pp | +1.758 pp | +4.019 pp | +24.2% |
| Aug 2021 | 3.899% | -0.099 pp | -0.517 pp | +1.762 pp | +3.895 pp | +20.1% |
| Jul 2021 | 3.999% | -0.216 pp | -0.232 pp | +1.721 pp | +3.995 pp | +22.2% |
| Jun 2021 | 4.215% | -0.201 pp | +1.951 pp | +0.178 pp | +4.211 pp | +12.1% |
| May 2021 | 4.416% | +0.186 pp | +2.279 pp | +0.311 pp | +4.412 pp | +16.2% |
| Apr 2021 | 4.230% | +1.966 pp | +1.953 pp | +0.659 pp | +0.230 pp | +6.9% |
| Mar 2021 | 2.264% | +0.127 pp | -1.773 pp | +2.261 pp | +2.261 pp | -3.1% |
| Feb 2021 | 2.137% | -0.140 pp | -1.968 pp | +2.133 pp | +2.133 pp | -21.6% |
| Jan 2021 | 2.277% | -1.760 pp | -1.294 pp | +2.274 pp | -3.355 pp | -32.4% |
| Dec 2020 | 4.037% | -0.067 pp | +4.034 pp | +4.034 pp | -1.180 pp | -22.9% |
| Nov 2020 | 4.105% | +0.534 pp | +4.101 pp | +4.101 pp | -1.412 pp | -26.5% |
| Oct 2020 | 3.571% | +3.568 pp | +3.568 pp | -0.429 pp | -1.714 pp | -32.4% |
| Sep 2020 | 0.004% | -0.000 pp | -0.000 pp | -0.000 pp | -5.296 pp | -36.2% |
| Aug 2020 | 0.004% | +0.000 pp | -0.000 pp | -0.000 pp | -5.192 pp | -34.3% |
| Jul 2020 | 0.004% | -0.000 pp | -3.997 pp | -5.628 pp | -5.343 pp | -37.2% |
| Jun 2020 | 0.004% | -0.000 pp | +0.000 pp | -5.214 pp | -5.450 pp | -29.9% |
| May 2020 | 0.004% | -3.997 pp | -0.000 pp | -5.513 pp | -5.408 pp | -27.7% |
| Apr 2020 | 4.001% | +3.997 pp | -1.631 pp | -1.285 pp | -1.537 pp | -24.8% |
| Mar 2020 | 0.004% | -0.000 pp | -5.214 pp | -5.296 pp | -5.520 pp | -14.4% |
| Feb 2020 | 0.004% | -5.628 pp | -5.513 pp | -5.191 pp | -5.891 pp | -6.7% |
| Jan 2020 | 5.632% | +0.414 pp | +0.346 pp | +0.285 pp | +2.524 pp | +4.1% |
| Dec 2019 | 5.218% | -0.299 pp | -0.082 pp | -0.236 pp | +2.468 pp | +8.5% |
| Nov 2019 | 5.517% | +0.231 pp | +0.321 pp | +0.105 pp | +2.809 pp | +17.4% |
| Oct 2019 | 5.285% | -0.014 pp | -0.061 pp | -0.252 pp | +2.158 pp | -3.3% |
| Sep 2019 | 5.300% | +0.105 pp | -0.154 pp | -0.224 pp | +1.996 pp | -5.8% |
| Aug 2019 | 5.195% | -0.151 pp | -0.216 pp | -0.700 pp | +1.748 pp | -10.7% |
| Jul 2019 | 5.347% | -0.107 pp | -0.191 pp | +2.239 pp | -1.138 pp | -10.4% |
| Jun 2019 | 5.454% | +0.042 pp | -0.070 pp | +2.704 pp | -1.099 pp | -9.6% |
| May 2019 | 5.412% | -0.126 pp | -0.483 pp | +2.704 pp | -1.403 pp | -14.1% |
| Apr 2019 | 5.538% | +0.014 pp | +2.430 pp | +2.410 pp | -1.283 pp | -13.1% |
| Mar 2019 | 5.524% | -0.372 pp | +2.774 pp | +2.219 pp | -1.239 pp | -12.7% |
| Feb 2019 | 5.895% | +2.787 pp | +3.187 pp | +2.448 pp | -1.037 pp | -9.3% |
| Jan 2019 | 3.108% | +0.358 pp | -0.020 pp | -3.377 pp | -3.973 pp | -15.4% |
| Dec 2018 | 2.749% | +0.041 pp | -0.555 pp | -3.803 pp | -4.332 pp | -25.5% |
| Nov 2018 | 2.708% | -0.420 pp | -0.739 pp | -4.107 pp | -4.373 pp | -26.8% |
| Oct 2018 | 3.128% | -0.177 pp | -3.357 pp | -3.693 pp | -3.954 pp | -16.0% |
| Sep 2018 | 3.304% | -0.143 pp | -3.249 pp | -3.458 pp | -3.777 pp | -12.9% |
| Aug 2018 | 3.447% | -3.037 pp | -3.367 pp | -3.485 pp | -3.634 pp | -10.1% |
| Jul 2018 | 6.485% | -0.068 pp | -0.336 pp | -0.597 pp | -0.597 pp | -6.0% |
| Jun 2018 | 6.553% | -0.262 pp | -0.210 pp | -0.528 pp | -0.528 pp | -6.2% |
| May 2018 | 6.815% | -0.006 pp | -0.117 pp | -0.267 pp | -0.267 pp | -3.5% |
| Apr 2018 | 6.821% | +0.058 pp | -0.260 pp | -0.260 pp | -0.260 pp | -4.3% |
| Mar 2018 | 6.762% | -0.170 pp | -0.319 pp | -0.319 pp | -0.319 pp | -4.8% |
| Feb 2018 | 6.932% | -0.149 pp | -0.149 pp | -0.149 pp | -0.149 pp | -1.7% |
| Jan 2018 | 7.081% | +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.