Communications Equipment
Communications Equipment is losing market weight. Lost 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 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
Jul 2018 – Jun 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 |
|---|---|---|---|---|---|---|
| Cisco → CSCO | Communications Equipment | United States | 0.488% | -0.199 pp | +25.5% | 0.0 |
| Motorola Solutions → MSI | Communications Equipment | United States | 0.114% | -0.023 pp | +41.8% | 0.0 |
| F5, Inc. → FFIV | Communications Equipment | United States | 0.020% | -0.016 pp | -4.4% | 0.0 |
| Arista Networks → ANET | Communications Equipment | United States | 0.029% | +0.001 pp | +72.9% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Jun 2023 | 0.651% | -0.020 pp | -0.317 pp | -0.276 pp | -0.236 pp | +10.2% |
| May 2023 | 0.671% | -0.216 pp | -0.249 pp | -0.245 pp | -0.198 pp | +15.8% |
| Apr 2023 | 0.887% | -0.081 pp | -0.008 pp | +0.014 pp | -0.048 pp | +3.0% |
| Mar 2023 | 0.968% | +0.048 pp | +0.041 pp | +0.107 pp | -0.028 pp | +7.4% |
| Feb 2023 | 0.919% | +0.025 pp | +0.004 pp | +0.045 pp | -0.088 pp | +2.2% |
| Jan 2023 | 0.895% | -0.032 pp | +0.022 pp | +0.046 pp | -0.077 pp | +1.0% |
| Dec 2022 | 0.926% | +0.011 pp | +0.066 pp | +0.039 pp | -0.134 pp | -2.6% |
| Nov 2022 | 0.915% | +0.042 pp | +0.041 pp | +0.047 pp | -0.066 pp | +7.1% |
| Oct 2022 | 0.873% | +0.013 pp | +0.025 pp | -0.061 pp | -0.105 pp | +7.5% |
| Sep 2022 | 0.860% | -0.014 pp | -0.027 pp | -0.135 pp | -0.132 pp | -0.1% |
| Aug 2022 | 0.874% | +0.026 pp | +0.006 pp | -0.133 pp | -0.143 pp | -2.7% |
| Jul 2022 | 0.848% | -0.039 pp | -0.086 pp | -0.124 pp | -0.130 pp | -2.1% |
| Jun 2022 | 0.887% | +0.019 pp | -0.108 pp | -0.173 pp | -0.077 pp | +0.2% |
| May 2022 | 0.868% | -0.066 pp | -0.139 pp | -0.113 pp | -0.101 pp | -3.0% |
| Apr 2022 | 0.935% | -0.061 pp | -0.038 pp | -0.044 pp | -0.007 pp | +7.1% |
| Mar 2022 | 0.995% | -0.012 pp | -0.065 pp | +0.003 pp | +0.478 pp | +6.2% |
| Feb 2022 | 1.007% | +0.035 pp | +0.026 pp | -0.010 pp | +0.543 pp | +17.7% |
| Jan 2022 | 0.972% | -0.088 pp | -0.006 pp | -0.007 pp | +0.421 pp | +13.4% |
| Dec 2021 | 1.060% | +0.079 pp | +0.068 pp | +0.096 pp | +0.129 pp | +24.6% |
| Nov 2021 | 0.981% | +0.003 pp | -0.036 pp | +0.012 pp | +0.037 pp | +12.4% |
| Oct 2021 | 0.978% | -0.014 pp | -0.001 pp | +0.037 pp | +0.089 pp | +17.3% |
| Sep 2021 | 0.992% | -0.025 pp | +0.028 pp | +0.475 pp | +0.991 pp | +13.8% |
| Aug 2021 | 1.017% | +0.038 pp | +0.048 pp | +0.553 pp | +1.016 pp | +14.1% |
| Jul 2021 | 0.979% | +0.015 pp | +0.037 pp | +0.427 pp | +0.978 pp | -5.0% |
| Jun 2021 | 0.964% | -0.005 pp | +0.447 pp | +0.032 pp | +0.963 pp | -12.2% |
| May 2021 | 0.969% | +0.027 pp | +0.505 pp | +0.025 pp | +0.968 pp | -16.1% |
| Apr 2021 | 0.941% | +0.424 pp | +0.390 pp | +0.052 pp | -0.255 pp | -14.4% |
| Mar 2021 | 0.517% | +0.053 pp | -0.414 pp | +0.516 pp | +0.516 pp | -10.0% |
| Feb 2021 | 0.464% | -0.088 pp | -0.480 pp | +0.463 pp | +0.463 pp | -10.2% |
| Jan 2021 | 0.552% | -0.380 pp | -0.338 pp | +0.550 pp | -0.602 pp | -13.3% |
| Dec 2020 | 0.931% | -0.012 pp | +0.930 pp | +0.930 pp | -0.249 pp | -14.9% |
| Nov 2020 | 0.944% | +0.054 pp | +0.942 pp | +0.942 pp | -0.219 pp | -13.3% |
| Oct 2020 | 0.890% | +0.889 pp | +0.888 pp | -0.307 pp | -0.361 pp | -23.1% |
| Sep 2020 | 0.001% | -0.000 pp | -0.000 pp | +0.000 pp | -1.314 pp | -24.2% |
| Aug 2020 | 0.001% | -0.000 pp | -0.000 pp | +0.000 pp | -1.300 pp | -20.4% |
| Jul 2020 | 0.001% | -0.000 pp | -1.195 pp | -1.152 pp | -1.460 pp | -18.4% |
| Jun 2020 | 0.001% | -0.000 pp | +0.000 pp | -1.179 pp | -1.463 pp | -14.0% |
| May 2020 | 0.001% | -1.195 pp | +0.000 pp | -1.161 pp | -1.492 pp | -10.2% |
| Apr 2020 | 1.196% | +1.195 pp | +0.043 pp | -0.055 pp | -0.368 pp | -14.8% |
| Mar 2020 | 0.001% | +0.000 pp | -1.179 pp | -1.314 pp | -1.559 pp | -14.1% |
| Feb 2020 | 0.001% | -1.153 pp | -1.161 pp | -1.300 pp | -1.522 pp | -20.9% |
| Jan 2020 | 1.154% | -0.026 pp | -0.098 pp | -0.308 pp | +0.354 pp | -10.5% |
| Dec 2019 | 1.180% | +0.018 pp | -0.135 pp | -0.285 pp | +0.378 pp | -9.2% |
| Nov 2019 | 1.162% | -0.089 pp | -0.139 pp | -0.332 pp | +0.337 pp | -12.2% |
| Oct 2019 | 1.251% | -0.064 pp | -0.210 pp | -0.314 pp | +0.435 pp | -3.8% |
| Sep 2019 | 1.315% | +0.014 pp | -0.150 pp | -0.245 pp | +0.496 pp | +3.6% |
| Aug 2019 | 1.301% | -0.160 pp | -0.193 pp | -0.222 pp | +0.467 pp | +2.9% |
| Jul 2019 | 1.461% | -0.004 pp | -0.104 pp | +0.661 pp | +0.125 pp | +28.8% |
| Jun 2019 | 1.465% | -0.029 pp | -0.095 pp | +0.662 pp | +0.058 pp | +22.5% |
| May 2019 | 1.494% | -0.071 pp | -0.029 pp | +0.669 pp | +0.105 pp | +25.4% |
| Apr 2019 | 1.565% | +0.005 pp | +0.765 pp | +0.749 pp | +0.083 pp | +21.6% |
| Mar 2019 | 1.560% | +0.037 pp | +0.757 pp | +0.741 pp | +0.133 pp | +25.7% |
| Feb 2019 | 1.523% | +0.723 pp | +0.698 pp | +0.689 pp | +0.072 pp | +20.5% |
| Jan 2019 | 0.800% | -0.003 pp | -0.016 pp | -0.536 pp | -0.515 pp | +25.9% |
| Dec 2018 | 0.802% | -0.022 pp | -0.016 pp | -0.604 pp | -0.512 pp | +25.1% |
| Nov 2018 | 0.825% | +0.009 pp | -0.009 pp | -0.564 pp | -0.490 pp | +28.3% |
| Oct 2018 | 0.816% | -0.002 pp | -0.520 pp | -0.666 pp | -0.499 pp | +24.7% |
| Sep 2018 | 0.818% | -0.016 pp | -0.588 pp | -0.608 pp | -0.496 pp | +22.4% |
| Aug 2018 | 0.834% | -0.502 pp | -0.554 pp | -0.616 pp | -0.481 pp | +20.9% |
| Jul 2018 | 1.336% | -0.070 pp | -0.146 pp | +0.021 pp | +0.021 pp | +8.4% |
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.