Industrial Gases
Industrial Gases 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 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
Sep 2020 – Aug 2025 · 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 |
|---|---|---|---|---|---|---|
| Linde plc → LIN | Industrial Gases | United States | 0.465% | -0.087 pp | +1.3% | 0.0 |
| Air Products → APD | Industrial Gases | United States | 0.136% | -0.014 pp | +8.1% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Aug 2025 | 0.601% | +0.008 pp | -0.039 pp | -0.051 pp | -0.101 pp | -11.4% |
| Jul 2025 | 0.593% | -0.020 pp | -0.067 pp | -0.046 pp | +0.097 pp | -9.5% |
| Jun 2025 | 0.612% | -0.028 pp | -0.066 pp | +0.014 pp | +0.109 pp | -6.2% |
| May 2025 | 0.640% | -0.020 pp | -0.011 pp | -0.008 pp | +0.126 pp | -4.3% |
| Apr 2025 | 0.659% | -0.019 pp | +0.021 pp | -0.013 pp | -0.108 pp | -4.7% |
| Mar 2025 | 0.679% | +0.027 pp | +0.080 pp | -0.006 pp | -0.091 pp | -1.5% |
| Feb 2025 | 0.651% | +0.013 pp | +0.003 pp | -0.050 pp | -0.117 pp | -3.0% |
| Jan 2025 | 0.638% | +0.040 pp | -0.035 pp | +0.142 pp | -0.114 pp | -3.3% |
| Dec 2024 | 0.598% | -0.050 pp | -0.086 pp | +0.095 pp | -0.177 pp | -11.1% |
| Nov 2024 | 0.648% | -0.024 pp | -0.053 pp | +0.135 pp | -0.164 pp | -8.2% |
| Oct 2024 | 0.673% | -0.011 pp | +0.177 pp | -0.094 pp | -0.171 pp | -10.2% |
| Sep 2024 | 0.684% | -0.017 pp | +0.181 pp | -0.085 pp | -0.133 pp | -6.0% |
| Aug 2024 | 0.702% | +0.206 pp | +0.188 pp | -0.067 pp | -0.109 pp | -4.5% |
| Jul 2024 | 0.496% | -0.007 pp | -0.271 pp | -0.257 pp | -0.067 pp | -5.9% |
| Jun 2024 | 0.503% | -0.011 pp | -0.267 pp | -0.272 pp | -0.083 pp | -8.6% |
| May 2024 | 0.513% | -0.254 pp | -0.255 pp | -0.299 pp | -0.063 pp | -3.9% |
| Apr 2024 | 0.767% | -0.002 pp | +0.015 pp | -0.076 pp | -0.065 pp | -5.4% |
| Mar 2024 | 0.769% | +0.001 pp | -0.006 pp | -0.047 pp | -0.045 pp | -2.6% |
| Feb 2024 | 0.768% | +0.016 pp | -0.045 pp | -0.043 pp | -0.058 pp | -4.3% |
| Jan 2024 | 0.753% | -0.023 pp | -0.091 pp | +0.189 pp | -0.051 pp | -2.5% |
| Dec 2023 | 0.775% | -0.038 pp | -0.042 pp | +0.189 pp | -0.053 pp | -4.5% |
| Nov 2023 | 0.813% | -0.030 pp | +0.002 pp | +0.237 pp | +0.015 pp | +2.7% |
| Oct 2023 | 0.843% | +0.026 pp | +0.280 pp | +0.011 pp | +0.125 pp | +14.0% |
| Sep 2023 | 0.817% | +0.006 pp | +0.231 pp | +0.003 pp | +0.086 pp | +12.4% |
| Aug 2023 | 0.811% | +0.248 pp | +0.235 pp | -0.015 pp | +0.106 pp | +16.7% |
| Jul 2023 | 0.563% | -0.023 pp | -0.269 pp | -0.240 pp | -0.143 pp | +15.3% |
| Jun 2023 | 0.586% | +0.010 pp | -0.229 pp | -0.243 pp | -0.184 pp | +13.9% |
| May 2023 | 0.576% | -0.257 pp | -0.250 pp | -0.222 pp | -0.209 pp | +9.7% |
| Apr 2023 | 0.832% | +0.018 pp | +0.029 pp | +0.114 pp | +0.072 pp | +19.2% |
| Mar 2023 | 0.814% | -0.012 pp | -0.014 pp | +0.084 pp | +0.082 pp | +22.9% |
| Feb 2023 | 0.826% | +0.023 pp | +0.028 pp | +0.121 pp | +0.128 pp | +32.6% |
| Jan 2023 | 0.803% | -0.025 pp | +0.084 pp | +0.097 pp | +0.044 pp | +18.2% |
| Dec 2022 | 0.829% | +0.031 pp | +0.098 pp | +0.059 pp | +0.044 pp | +20.1% |
| Nov 2022 | 0.798% | +0.079 pp | +0.093 pp | +0.013 pp | +0.032 pp | +21.9% |
| Oct 2022 | 0.719% | -0.012 pp | +0.012 pp | -0.042 pp | -0.049 pp | +14.8% |
| Sep 2022 | 0.731% | +0.026 pp | -0.039 pp | -0.002 pp | -0.000 pp | +17.4% |
| Aug 2022 | 0.705% | -0.001 pp | -0.080 pp | +0.007 pp | -0.038 pp | +10.2% |
| Jul 2022 | 0.706% | -0.064 pp | -0.054 pp | -0.053 pp | -0.059 pp | +7.1% |
| Jun 2022 | 0.770% | -0.015 pp | +0.038 pp | -0.015 pp | +0.014 pp | +14.0% |
| May 2022 | 0.785% | +0.025 pp | +0.087 pp | +0.019 pp | -0.013 pp | +9.4% |
| Apr 2022 | 0.760% | +0.028 pp | +0.001 pp | -0.008 pp | -0.013 pp | +8.7% |
| Mar 2022 | 0.732% | +0.034 pp | -0.052 pp | +0.001 pp | +0.324 pp | +1.4% |
| Feb 2022 | 0.698% | -0.061 pp | -0.068 pp | -0.045 pp | +0.329 pp | +5.3% |
| Jan 2022 | 0.759% | -0.025 pp | -0.009 pp | -0.006 pp | +0.310 pp | +9.4% |
| Dec 2021 | 0.785% | +0.019 pp | +0.054 pp | +0.029 pp | -0.020 pp | +7.3% |
| Nov 2021 | 0.766% | -0.002 pp | +0.023 pp | -0.032 pp | -0.069 pp | -0.3% |
| Oct 2021 | 0.768% | +0.037 pp | +0.003 pp | -0.005 pp | -0.069 pp | -1.7% |
| Sep 2021 | 0.731% | -0.012 pp | -0.025 pp | +0.323 pp | +0.730 pp | -11.6% |
| Aug 2021 | 0.743% | -0.022 pp | -0.055 pp | +0.373 pp | +0.742 pp | -9.2% |
| Jul 2021 | 0.765% | +0.009 pp | -0.008 pp | +0.315 pp | +0.764 pp | -10.4% |
| Jun 2021 | 0.756% | -0.042 pp | +0.348 pp | -0.048 pp | +0.755 pp | -4.6% |
| May 2021 | 0.798% | +0.025 pp | +0.429 pp | -0.037 pp | +0.797 pp | +0.9% |
| Apr 2021 | 0.773% | +0.365 pp | +0.323 pp | -0.064 pp | -0.055 pp | +1.3% |
| Mar 2021 | 0.408% | +0.039 pp | -0.396 pp | +0.407 pp | +0.407 pp | +2.1% |
| Feb 2021 | 0.369% | -0.080 pp | -0.465 pp | +0.368 pp | +0.369 pp | -2.8% |
| Jan 2021 | 0.450% | -0.355 pp | -0.387 pp | +0.449 pp | -0.348 pp | +2.0% |
| Dec 2020 | 0.804% | -0.030 pp | +0.803 pp | +0.803 pp | -0.011 pp | +6.2% |
| Nov 2020 | 0.835% | -0.002 pp | +0.834 pp | +0.834 pp | +0.014 pp | +8.5% |
| Oct 2020 | 0.837% | +0.836 pp | +0.836 pp | +0.009 pp | +0.033 pp | +13.0% |
| Sep 2020 | 0.001% | -0.000 pp | +0.000 pp | +0.000 pp | -0.815 pp | +16.6% |
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.