Constituent dispersion · breadth vs the index
AIQ — Global X AI & Technology
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 | +2.50% | +0.36 | -4pp | -3.03pp | Confirming ↑ |
| 1 month | +4.60% | -0.58 | -14pp | -6.11pp | Weakening |
| 1 quarter | +2.80% | +1 | +14pp | +5.00pp | Confirming ↑ |
Over the last 126 sessions: price up +42.17%, breadth up (+1.85/name) · % beating 56→41 · median−ETF +1.34pp→-3.87pp.
Stocks above their moving average — participation breadth
Of the 66 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 2026-09-24.
New highs & new lows — by horizon
How many of the 66 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 | 21 (32%) | 15 (23%) | +6 |
| 1-Month | 13 (20%) | 9 (14%) | +4 |
| 3-Month | 9 (14%) | 2 (3%) | +7 |
| 6-Month | 8 (12%) | 2 (3%) | +6 |
| 52-Week | 6 (9%) | 2 (3%) | +4 |
| YTD | 7 (11%) | 2 (3%) | +5 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.02% | -0.05% | -0.04pp | 33 / 33 | 33 / 33 | 30 of 66 | ±2.02% |
| 5d | +2.50% | +1.02% | -1.48pp | 37 / 29 | 28 / 38 | 9 of 66 | ±7.15% |
| 21d | +4.60% | +0.72% | -3.87pp | 35 / 31 | 27 / 39 | 3 of 66 | ±15.27% |
| YTD | +29.73% | -3.89% | -33.62pp | 30 / 36 | 17 / 49 | 0 of 66 | ±74.6% |
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)
- INTC+3.91%+0.19pp
- AMD+2.38%+0.12pp
- META+4.50%+0.1pp
- MU+0.81%+0.05pp
- GOOGL+1.34%+0.04pp
- ORCL-3.47%-0.09pp
- IBM-2.45%-0.05pp
- AVGO-1.30%-0.04pp
- STX-1.86%-0.03pp
- ACN-3.33%-0.03pp
This month (21d)
- INTC+45.62%+2.19pp
- AMD+31.32%+1.57pp
- MU+15.82%+0.97pp
- META+36.41%+0.79pp
- QCOM+21.65%+0.38pp
- NFLX-12.78%-0.31pp
- UBER-13.85%-0.15pp
- CSCO-3.73%-0.15pp
- BABA-7.38%-0.12pp
- AMZN-4.47%-0.11pp
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)
- OKTA+58.21%
- INTC+45.62%
- META+36.41%
- TWLO+33.79%
- AMD+31.32%
- PATH-24.37%
- EFX-22.23%
- UBER-13.85%
- SOUN-13.48%
- GLOB-13.10%
AIQ — constituent leadership race
$100 in each covered AIQ constituent at 2025-12-30, 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 — 66 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| MU Micron Technology | 6.15% | 1080.53 | +0.81% | +10.54% | +15.82% | +278.75% | 82 |
| AMD Adv Micro Devices | 5.02% | 629.26 | +2.38% | +15.44% | +31.32% | +193.83% | 92 |
| INTC Intel Corp | 4.79% | 127.39 | +3.91% | +17.09% | +45.62% | +245.23% | 97 |
| CSCO Cisco Systems Inc | 4.05% | 106.97 | +0.51% | -2.97% | -3.73% | +40.37% | 32 |
| TSM Taiwan Semiconductor ADR | 3.22% | 451.15 | +1.03% | +4.86% | +8.08% | +48.79% | 68 |
| AAPL Apple Inc | 2.92% | 335.92 | -0.33% | -0.32% | +8.40% | +23.68% | 71 |
| AVGO Broadcom Ltd | 2.92% | 350.36 | -1.30% | +1.06% | -1.79% | +1.44% | 39 |
| NVDA Nvidia Corp | 2.76% | 224.58 | -0.41% | +2.39% | +5.41% | +20.57% | 61 |
| GOOGL Alphabet Cl A | 2.71% | 342.36 | +1.34% | -1.43% | -1.26% | +9.46% | 44 |
| ORCL Oracle Corp | 2.57% | 139.54 | -3.47% | -7.34% | -3.61% | -27.97% | 33 |
| AMZN Amazon.com Inc | 2.53% | 249.38 | +0.04% | -0.72% | -4.47% | +8.04% | 29 |
| NFLX Netflix Inc | 2.39% | 71.72 | +0.50% | -4.77% | -12.78% | -23.51% | 8 |
| TSLA Tesla Inc | 2.25% | 377.94 | -0.57% | +3.21% | +7.91% | -15.96% | 65 |
| META META Platforms Inc | 2.17% | 777.59 | +4.50% | +14.05% | +36.41% | +17.90% | 95 |
| MSFT Microsoft Corp | 2.15% | 497.93 | -0.53% | +0.04% | +1.26% | +3.19% | 52 |
| IBM Intl Business Machines | 1.96% | 227.06 | -2.45% | -4.50% | -3.04% | -22.91% | 36 |
| PLTR Palantir Technologies Cl A | 1.92% | 192.59 | +0.42% | +9.28% | +11.50% | +8.35% | 77 |
| MRVL Marvell Technology Inc | 1.83% | 258.95 | -0.75% | +7.56% | +7.73% | +205.09% | 64 |
| QCOM Qualcomm Inc | 1.75% | 194.26 | -1.51% | +2.94% | +21.65% | +14.30% | 88 |
| BABA Alibaba Group Holding ADR | 1.58% | 110.63 | -0.15% | +1.93% | -7.38% | -24.53% | 21 |
| STX Seagate Technology Holdings | 1.53% | 905.92 | -1.86% | +12.89% | +10.25% | +229.53% | 76 |
| SAP SAP Ag ADR | 1.44% | 209.11 | -0.72% | -2.13% | -3.60% | -13.91% | 35 |
| CRM Salesforce Inc | 1.20% | 238.22 | +0.27% | -1.91% | +15.82% | -9.85% | 80 |
| APP Applovin Corp Cl A | 1.18% | 312.47 | -0.88% | -2.84% | +0.62% | -53.63% | 47 |
| UBER UBER Technologies Inc | 1.10% | 69.22 | -0.29% | -2.33% | -13.85% | -15.29% | 3 |
| SHOP Shopify Inc | 1.02% | 145.16 | +1.98% | +12.88% | -5.67% | -9.82% | 26 |
| NOW Servicenow Inc | 0.82% | 137.78 | -2.13% | -0.50% | +8.49% | -10.06% | 73 |
| ACN Accenture Plc | 0.81% | 177.41 | -3.33% | -6.77% | -5.09% | -32.93% | 27 |
| CDNS Cadence Design Sys | 0.81% | 322.00 | +4.18% | +14.69% | -2.98% | +3.01% | 38 |
| SNPS Synopsys Inc | 0.67% | 424.91 | +2.87% | +11.48% | +3.94% | -9.54% | 58 |
| NOK Nokia Corp ADR | 0.66% | 10.43 | -1.88% | -1.60% | +0.77% | +62.36% | 50 |
| ADBE Adobe Systems Inc | 0.65% | 238.93 | -0.73% | -5.44% | -12.77% | -31.73% | 9 |
| SNOW Snowflake Inc Cl A | 0.61% | 334.00 | -0.24% | -1.30% | +5.36% | +52.26% | 59 |
| NXPI Nxp Semiconductors | 0.59% | 230.16 | -2.24% | +0.97% | +2.41% | +6.59% | 56 |
| DDOG Datadog Inc Cl A | 0.58% | 256.92 | +2.16% | +8.86% | +15.22% | +88.93% | 79 |
| HPE Hewlett Packard Enterprise | 0.56% | 62.46 | +0.21% | +2.33% | +16.88% | +161.71% | 83 |
| HUT Hut 8 Corp | 0.54% | 101.54 | -0.90% | +11.59% | +18.76% | +121.03% | 86 |
| TWLO Twilio | 0.40% | 299.66 | +3.08% | +21.69% | +33.79% | +110.67% | 94 |
| CLS Celestica Inc | 0.35% | 373.56 | +3.24% | +13.22% | +21.74% | +26.37% | 89 |
| OKTA Okta Inc Cl A | 0.32% | 206.64 | +0.62% | +8.75% | +58.21% | +138.97% | 98 |
| ERIC Ericsson ADR | 0.32% | 9.51 | -2.26% | -7.58% | -8.38% | +0.00% | 17 |
| CRWV Coreweave Inc Cl A | 0.30% | 90.13 | +3.72% | +12.83% | +2.37% | +25.86% | 55 |
| TDC Teradata Corp | 0.28% | 29.46 | +0.86% | +0.65% | +7.64% | -3.22% | 62 |
| TRI Thomson Reuters Corp | 0.27% | 100.32 | +1.90% | +0.84% | -3.89% | -22.24% | 30 |
| BIDU Baidu Inc ADR | 0.25% | 88.08 | -1.89% | -2.17% | -5.73% | -32.59% | 24 |
| DT Dynatrace Inc | 0.25% | 58.68 | +0.29% | +5.10% | +17.20% | +35.39% | 85 |
| AMBA Ambarella Inc | 0.24% | 69.86 | +3.31% | +4.41% | -1.30% | -1.38% | 42 |
| EXPN.LN Experian Plc | 0.24% | 2636.00 | -1.79% | -5.86% | -12.40% | -21.25% | 11 |
| SMCI Super Micro Computer | 0.23% | 41.51 | +0.17% | +2.87% | +7.93% | +41.82% | 67 |
| GEHC GE Healthcare Technologies | 0.23% | 66.38 | +0.44% | +3.00% | -10.19% | -19.00% | 14 |
| ZBRA Zebra Technologies | 0.23% | 365.10 | -1.60% | +4.97% | +1.27% | +50.36% | 53 |
| QUBT Quantum Computing Inc | 0.21% | 9.16 | +0.44% | +8.53% | +8.27% | -10.72% | 70 |
| AI C3.Ai Inc Cl A | 0.21% | 10.76 | -0.92% | -0.19% | +9.91% | -20.18% | 74 |
| WDAY Workday Inc | 0.21% | 190.99 | -0.72% | -4.16% | -1.76% | -11.08% | 41 |
| EFX Equifax Inc | 0.19% | 148.80 | -4.20% | -7.68% | -22.23% | -31.00% | 2 |
| PATH Uipath Inc Cl A | 0.17% | 12.60 | -3.37% | -8.43% | -24.37% | -23.12% | 0 |
| G Genpact Ltd | 0.17% | 33.37 | -1.42% | -4.52% | -10.42% | -28.31% | 12 |
| SNAP Snap Inc | 0.17% | 5.43 | +2.65% | -3.89% | -8.28% | -32.71% | 18 |
| ZS Zscaler Inc | 0.16% | 214.64 | +0.09% | +8.69% | +27.44% | -4.57% | 91 |
| SOUN Soundhound AI Inc Cl A | 0.16% | 6.10 | +1.50% | +1.67% | -13.48% | -38.82% | 5 |
| PEGA Pegasystems Inc | 0.16% | 34.23 | -2.70% | -5.10% | +0.68% | -42.61% | 48 |
| DXC Dxc Technology Company | 0.15% | 10.81 | -0.64% | -5.51% | -0.73% | -26.21% | 45 |
| GLOB Globant S.A. | 0.14% | 34.83 | +1.10% | -7.69% | -13.10% | -46.72% | 6 |
| WIX Wix.com Ltd | 0.14% | 77.53 | +0.95% | -2.97% | -9.91% | -25.37% | 15 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.14% | 6.87 | +3.15% | +4.09% | -7.91% | -13.58% | 20 |
| PONY Pony AI Inc ADR | 0.12% | 7.09 | -2.34% | +3.05% | -5.97% | -51.10% | 23 |
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
AIQ dispersion — data Q&A
Is AIQ's move broad or carried by a few names (21 sessions)?
As of 2026-09-24: over 21 sessions the fund returned +4.60% while its median constituent returned +0.72% — a dispersion of 15.27 pp; 41% of 66 members beat the fund. Weakening below the surface - the A/D line is falling while price holds up; leadership is narrowing.
How did AIQ's members trade in the last session?
As of 2026-09-24: fund -0.02%, median member -0.05%, 33 advancers vs 33 decliners.
What does the dispersion page for AIQ 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. 66 constituents covered, re-baked nightly from the Closelook lake.
Is this investment advice?
No — a data surface in an investment research diary. It describes breadth inside a fund; it makes no recommendation.