Multi-Utilities
Multi-Utilities is gaining market weight. Lost weight for 2 consecutive months.
The gain 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 54% of gross gains. 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 – Nov 2019 · 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 |
|---|---|---|---|---|---|---|
| Dominion Energy → D | Multi-Utilities | United States | 0.345% | +0.182 pp | +16.9% | 0.0 |
| Xcel Energy → XEL | Multi-Utilities | United States | 0.162% | +0.073 pp | +20.6% | 0.0 |
| NextEra Energy → NEE | Multi-Utilities | United States | 0.144% | +0.072 pp | +31.8% | 0.0 |
| Consolidated Edison → ED | Multi-Utilities | United States | 0.146% | +0.062 pp | +12.0% | 0.0 |
| Sempra → SRE | Multi-Utilities | United States | 0.105% | +0.052 pp | +31.7% | 0.0 |
| CMS Energy → CMS | Multi-Utilities | United States | 0.088% | +0.039 pp | +20.9% | 0.0 |
| DTE Energy → DTE | Multi-Utilities | United States | 0.098% | +0.037 pp | +7.5% | 0.0 |
| Ameren → AEE | Multi-Utilities | United States | 0.092% | +0.036 pp | +11.2% | 0.0 |
| NiSource → NI | Multi-Utilities | United States | 0.050% | +0.018 pp | +3.0% | 0.0 |
| Pinnacle West Capital → PNW | Multi-Utilities | United States | 0.049% | +0.016 pp | +1.0% | 0.0 |
| CenterPoint Energy → CNP | Multi-Utilities | United States | 0.062% | +0.016 pp | -8.7% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Nov 2019 | 1.341% | -0.077 pp | -0.092 pp | -0.107 pp | +0.558 pp | +1.4% |
| Oct 2019 | 1.418% | -0.037 pp | +0.075 pp | +0.027 pp | +0.629 pp | +5.7% |
| Sep 2019 | 1.455% | +0.022 pp | +0.079 pp | +0.032 pp | +0.726 pp | +20.4% |
| Aug 2019 | 1.432% | +0.090 pp | -0.015 pp | +0.038 pp | +0.683 pp | +15.9% |
| Jul 2019 | 1.343% | -0.033 pp | -0.048 pp | +0.618 pp | +0.012 pp | +9.3% |
| Jun 2019 | 1.376% | -0.072 pp | -0.046 pp | +0.576 pp | +0.027 pp | +9.8% |
| May 2019 | 1.447% | +0.057 pp | +0.053 pp | +0.664 pp | +0.136 pp | +17.6% |
| Apr 2019 | 1.390% | -0.032 pp | +0.666 pp | +0.602 pp | +0.034 pp | +8.4% |
| Mar 2019 | 1.422% | +0.028 pp | +0.622 pp | +0.693 pp | +0.086 pp | +12.1% |
| Feb 2019 | 1.394% | +0.669 pp | +0.611 pp | +0.644 pp | +0.109 pp | +14.4% |
| Jan 2019 | 0.725% | -0.076 pp | -0.064 pp | -0.606 pp | -0.544 pp | +12.9% |
| Dec 2018 | 0.800% | +0.017 pp | +0.071 pp | -0.548 pp | -0.468 pp | +17.3% |
| Nov 2018 | 0.783% | -0.006 pp | +0.033 pp | -0.529 pp | -0.486 pp | +14.1% |
| Oct 2018 | 0.789% | +0.060 pp | -0.542 pp | -0.567 pp | -0.480 pp | +15.2% |
| Sep 2018 | 0.729% | -0.021 pp | -0.619 pp | -0.608 pp | -0.539 pp | +5.0% |
| Aug 2018 | 0.750% | -0.581 pp | -0.562 pp | -0.535 pp | -0.519 pp | +6.8% |
| Jul 2018 | 1.331% | -0.017 pp | -0.025 pp | +0.063 pp | +0.063 pp | +6.0% |
| Jun 2018 | 1.349% | +0.037 pp | +0.012 pp | +0.080 pp | +0.080 pp | +6.7% |
| May 2018 | 1.312% | -0.044 pp | +0.027 pp | +0.043 pp | +0.043 pp | +2.9% |
| Apr 2018 | 1.356% | +0.019 pp | +0.087 pp | +0.087 pp | +0.087 pp | +5.4% |
| Mar 2018 | 1.337% | +0.051 pp | +0.068 pp | +0.068 pp | +0.068 pp | +4.5% |
| Feb 2018 | 1.285% | +0.017 pp | +0.017 pp | +0.017 pp | +0.017 pp | +0.8% |
| Jan 2018 | 1.269% | +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.