Water Utilities
Water Utilities 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
Jan 2018 – Jan 2021 · 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 |
|---|---|---|---|---|---|---|
| American Water Works → AWK | Water Utilities | United States | 0.069% | -0.052 pp | +18.6% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Jan 2021 | 0.069% | -0.044 pp | -0.060 pp | +0.069 pp | -0.052 pp | +0.8% |
| Dec 2020 | 0.113% | -0.005 pp | +0.112 pp | +0.112 pp | +0.004 pp | +9.1% |
| Nov 2020 | 0.118% | -0.011 pp | +0.118 pp | +0.118 pp | +0.008 pp | +12.0% |
| Oct 2020 | 0.129% | +0.129 pp | +0.129 pp | +0.006 pp | +0.013 pp | +17.9% |
| Sep 2020 | 0.000% | +0.000 pp | +0.000 pp | +0.000 pp | -0.119 pp | +7.2% |
| Aug 2020 | 0.000% | -0.000 pp | -0.000 pp | +0.000 pp | -0.125 pp | -3.2% |
| Jul 2020 | 0.000% | +0.000 pp | -0.123 pp | -0.121 pp | -0.110 pp | +21.4% |
| Jun 2020 | 0.000% | -0.000 pp | +0.000 pp | -0.109 pp | -0.113 pp | +10.5% |
| May 2020 | 0.000% | -0.123 pp | +0.000 pp | -0.110 pp | -0.119 pp | +8.2% |
| Apr 2020 | 0.123% | +0.123 pp | +0.002 pp | +0.007 pp | +0.014 pp | +21.2% |
| Mar 2020 | 0.000% | +0.000 pp | -0.109 pp | -0.119 pp | -0.108 pp | +31.2% |
| Feb 2020 | 0.000% | -0.121 pp | -0.110 pp | -0.125 pp | -0.106 pp | +18.7% |
| Jan 2020 | 0.121% | +0.013 pp | +0.005 pp | +0.011 pp | +0.064 pp | +25.5% |
| Dec 2019 | 0.109% | -0.001 pp | -0.010 pp | -0.004 pp | +0.050 pp | +8.8% |
| Nov 2019 | 0.110% | -0.006 pp | -0.015 pp | -0.009 pp | +0.053 pp | +13.7% |
| Oct 2019 | 0.116% | -0.003 pp | +0.006 pp | +0.007 pp | +0.062 pp | +25.9% |
| Sep 2019 | 0.119% | -0.006 pp | +0.006 pp | +0.011 pp | +0.069 pp | +41.7% |
| Aug 2019 | 0.125% | +0.015 pp | +0.006 pp | +0.019 pp | +0.074 pp | +48.3% |
| Jul 2019 | 0.110% | -0.003 pp | +0.001 pp | +0.053 pp | +0.019 pp | +28.9% |
| Jun 2019 | 0.113% | -0.006 pp | +0.005 pp | +0.054 pp | +0.021 pp | +30.7% |
| May 2019 | 0.119% | +0.010 pp | +0.012 pp | +0.062 pp | +0.029 pp | +40.1% |
| Apr 2019 | 0.109% | +0.001 pp | +0.052 pp | +0.055 pp | +0.014 pp | +20.5% |
| Mar 2019 | 0.108% | +0.002 pp | +0.050 pp | +0.058 pp | +0.018 pp | +26.1% |
| Feb 2019 | 0.106% | +0.049 pp | +0.049 pp | +0.055 pp | +0.022 pp | +31.2% |
| Jan 2019 | 0.057% | -0.002 pp | +0.003 pp | -0.035 pp | -0.028 pp | +26.5% |
| Dec 2018 | 0.059% | +0.001 pp | +0.008 pp | -0.034 pp | -0.026 pp | +29.6% |
| Nov 2018 | 0.057% | +0.003 pp | +0.006 pp | -0.033 pp | -0.027 pp | +26.4% |
| Oct 2018 | 0.054% | +0.004 pp | -0.037 pp | -0.041 pp | -0.030 pp | +18.6% |
| Sep 2018 | 0.051% | -0.000 pp | -0.042 pp | -0.039 pp | -0.034 pp | +9.1% |
| Aug 2018 | 0.051% | -0.041 pp | -0.039 pp | -0.034 pp | -0.034 pp | +9.2% |
| Jul 2018 | 0.092% | -0.001 pp | -0.003 pp | +0.007 pp | +0.007 pp | +10.3% |
| Jun 2018 | 0.092% | +0.002 pp | +0.002 pp | +0.008 pp | +0.008 pp | +10.0% |
| May 2018 | 0.090% | -0.005 pp | +0.005 pp | +0.005 pp | +0.005 pp | +6.5% |
| Apr 2018 | 0.095% | +0.005 pp | +0.010 pp | +0.010 pp | +0.010 pp | +10.8% |
| Mar 2018 | 0.090% | +0.005 pp | +0.005 pp | +0.005 pp | +0.005 pp | +5.5% |
| Feb 2018 | 0.085% | +0.000 pp | +0.000 pp | +0.000 pp | +0.000 pp | +0.4% |
| Jan 2018 | 0.085% | +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.