Constituent dispersion · breadth vs the index
AEI — Agentic Ecosystem Index (EW)
Divergence over time — price vs breadth, by horizon
The hero read is the 1-month picture; here the same price↔breadth divergence across 1 week / 1 month / 1 quarter, computed over the 126-session history. A/D /name is net advancers-minus-decliners per covered constituent; % beating Δ and median−ETF Δ show how participation shifted. Price rising while those fall = the move is narrowing under the surface.
| Horizon | Price | A/D /name | % beating Δ | Median−ETF Δ | Read |
|---|---|---|---|---|---|
| 1 week | -5.99% | -1.29 | -1pp | +0.03pp | Confirming ↓ |
| 1 month | +2.14% | +0.94 | -6pp | -1.42pp | Confirming ↑ |
| 1 quarter | +16.70% | -0.06 | -15pp | -9.66pp | Weakening |
Over the last 126 sessions: price up +46.40%, breadth up (+1.12/name) · % beating 45→47 · median−ETF -2.15pp→-1.10pp.
Stocks above their moving average — participation breadth
Of the 34 covered constituents, the share trading above each simple moving average — the classic breadth gauge. A firm index price with a low %-above-MA is a narrow, top-heavy tape. As of 2026-10-14.
New highs & new lows — by horizon
How many of the 34 covered constituents closed today at a new high (or low) over each window, and the net. A shrinking net as the index holds up = fewer names leading.
| Horizon | New highs | New lows | Net |
|---|---|---|---|
| 5-Day | 0 (0%) | 28 (82%) | -28 |
| 1-Month | 0 (0%) | 9 (26%) | -9 |
| 3-Month | 0 (0%) | 3 (9%) | -3 |
| 6-Month | 0 (0%) | 3 (9%) | -3 |
| 52-Week | 0 (0%) | 0 (0%) | +0 |
| YTD | 0 (0%) | 0 (0%) | +0 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -5.29% | -4.69% | +0.60pp | 2 / 32 | 20 / 14 | 7 of 34 | ±3.9% |
| 5d | -5.99% | -5.26% | +0.73pp | 5 / 29 | 19 / 15 | 6 of 34 | ±7.48% |
| 21d | +2.14% | +1.18% | -0.96pp | 18 / 16 | 16 / 18 | 3 of 34 | ±13.16% |
| YTD | +65.48% | +48.93% | -16.55pp | 24 / 7 | 12 / 19 | 1 of 31 | ±52.67% |
Median − ETF below zero means the typical name is lagging the cap-weighted index — the move is top-heavy. "Beat" counts constituents outperforming the ETF over the window. Dispersion is the cross-sectional standard deviation of constituent returns — high = a stock-picker's tape, low = pure beta.
What drove the move — contribution = weight × return
Today (1d)
- OVH+0.46%+0.01pp
- 300454.SHE+0.39%+0.01pp
- CRWV-15.46%-0.45pp
- DOCN-14.76%-0.43pp
- IREN-12.18%-0.36pp
- NBIS-10.08%-0.3pp
- P-9.86%-0.29pp
This month (21d)
- P+45.91%+1.35pp
- NTAP+16.99%+0.5pp
- DDOG+16.96%+0.5pp
- DT+15.91%+0.47pp
- ZS+13.87%+0.41pp
- IREN-26.50%-0.78pp
- 2513.HK-20.67%-0.61pp
- CRWV-18.71%-0.55pp
- AKAM-12.99%-0.38pp
- NBIS-10.30%-0.3pp
Each name's contribution = its index weight × its return — the percentage points it added to (green) or subtracted from (red) the ETF's move. Computed across covered names.
Leaders & laggards (21-day)
- P+45.91%
- NTAP+16.99%
- DDOG+16.96%
- DT+15.91%
- ZS+13.87%
- IREN-26.50%
- 2513.HK-20.67%
- CRWV-18.71%
- AKAM-12.99%
- NBIS-10.30%
AEI — constituent leadership race
$100 in each covered AEI constituent at 2026-01-07, rebased to 100. Watch leadership change hands.
Each covered constituent started at $100 at the window open; the bars race by total return (top 12 shown). Decision-support, not investment advice.
Constituents — 34 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| 2513.HK Zhipu AI / Z.ai | 2.94% | 572.00 | -4.83% | -17.82% | -20.67% | — | 3 |
| NBIS Nebius | 2.94% | 186.01 | -10.08% | -21.56% | -10.30% | +122.22% | 12 |
| OVH OVHcloud | 2.94% | 15.20 | +0.46% | -3.74% | -0.65% | +108.50% | 41 |
| CRWV CoreWeave | 2.94% | 65.78 | -15.46% | -25.63% | -18.71% | -8.14% | 6 |
| IREN IREN | 2.94% | 30.56 | -12.18% | -21.01% | -26.50% | -19.09% | 0 |
| KC Kingsoft Cloud | 2.94% | 8.76 | -6.01% | -5.09% | -7.98% | -15.28% | 15 |
| 3778.T Sakura Internet | 2.94% | 3505.00 | -1.27% | -10.93% | -6.53% | +26.08% | 21 |
| NET Cloudflare | 2.94% | 324.33 | -6.72% | -5.43% | -0.89% | +64.51% | 38 |
| AKAM Akamai | 2.94% | 91.71 | -8.23% | -12.33% | -12.99% | +5.11% | 9 |
| FSLY Fastly | 2.94% | 25.00 | -7.72% | -1.11% | +2.88% | — | 56 |
| EQIX Equinix | 2.94% | 995.90 | -2.31% | -3.48% | -1.10% | +31.34% | 35 |
| SPCX SpaceX / Starlink | 2.94% | 152.16 | -2.80% | -9.21% | +6.04% | — | 65 |
| TWLO Twilio | 2.94% | 271.12 | -3.72% | -0.69% | +11.96% | +90.61% | 79 |
| DOCN DigitalOcean | 2.94% | 109.29 | -14.76% | -14.13% | -7.26% | +127.12% | 18 |
| BB BlackBerry | 2.94% | 8.23 | -2.83% | -6.16% | +5.51% | +117.15% | 62 |
| NTAP NetApp | 2.94% | 222.20 | -7.03% | -5.54% | +16.99% | +109.57% | 94 |
| SNOW Snowflake | 2.94% | 335.08 | -6.34% | +0.67% | +3.75% | +52.75% | 59 |
| P Everpure | 2.94% | 141.49 | -9.86% | -7.32% | +45.91% | +111.15% | 97 |
| TDC Teradata | 2.94% | 29.89 | -1.94% | +2.50% | +1.70% | -1.81% | 50 |
| MDB MongoDB | 2.94% | 356.29 | -4.50% | -1.86% | -5.66% | -15.11% | 24 |
| ESTC Elastic | 2.94% | 92.06 | -2.40% | -1.12% | +8.10% | +22.03% | 71 |
| DDOG Datadog | 2.94% | 269.33 | -4.94% | -0.74% | +16.96% | +98.05% | 91 |
| FROG JFrog | 2.94% | 91.96 | -7.37% | -6.31% | -3.00% | +47.23% | 29 |
| DT Dynatrace | 2.94% | 63.95 | -0.81% | +6.92% | +15.91% | +47.55% | 88 |
| OKTA Okta | 2.94% | 211.92 | -6.45% | -2.79% | +11.27% | +145.07% | 76 |
| SAIL SailPoint | 2.94% | 19.30 | -0.36% | -1.43% | -3.40% | -4.60% | 26 |
| CRWD CrowdStrike | 2.94% | 249.29 | -4.56% | -6.08% | +2.80% | +112.72% | 53 |
| PANW Palo Alto Networks | 2.94% | 375.04 | -5.54% | -7.53% | -0.01% | +103.60% | 44 |
| FTNT Fortinet | 2.94% | 184.05 | -3.52% | -2.76% | +6.78% | +131.77% | 68 |
| S SentinelOne | 2.94% | 22.82 | -4.96% | -9.84% | -2.81% | +52.13% | 32 |
| RBRK Rubrik | 2.94% | 113.90 | -3.86% | -7.94% | +10.00% | +48.93% | 74 |
| ZS Zscaler | 2.94% | 220.79 | -3.44% | +3.39% | +13.87% | -1.84% | 85 |
| TMICY Trend Micro | 2.94% | 46.24 | -1.74% | +5.00% | +12.34% | +11.47% | 82 |
| 300454.SHE Sangfor | 2.94% | 135.50 | +0.39% | -1.40% | +0.67% | +17.66% | 47 |
RS rank = the constituent's 21-day return percentile within the index (100 = strongest of the covered names). Weight is the index weight; returns use adjusted closes. Default sort: weight.
Other ETFs & indices
Dispersion is computed across the constituents we cover in our data lake (see coverage badge). Decision-support, not investment advice.
FAQ · from the current data
AEI dispersion — data Q&A
Is AEI's move broad or carried by a few names (21 sessions)?
As of 2026-10-14: over 21 sessions the fund returned +2.14% while its median constituent returned +1.18% — a dispersion of 13.16 pp; 47% of 34 members beat the fund. Broad advance - breadth is rising with price.
How did AEI's members trade in the last session?
As of 2026-10-14: fund -5.29%, median member -4.69%, 2 advancers vs 32 decliners.
What does the dispersion page for AEI measure?
It splits the fund into its members: the fund's own return against the median constituent, how many members beat the fund, advancers vs decliners, and a cumulative advance/decline line that tends to lead price. A firm fund price with a weak median and a falling A/D line is a narrow, top-heavy tape; a broad move shows the median keeping up. 34 constituents covered, re-baked nightly from the Closelooknet lake.
Is this investment advice?
No — a data surface in an investment research diary. It describes breadth inside a fund; it makes no recommendation.