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 | -2.30% | -0.23 | +7pp | +1.25pp | Confirming ↓ |
| 1 month | +1.71% | +0.55 | +5pp | +0.72pp | Confirming ↑ |
| 1 quarter | +9.18% | +0.12 | -7pp | -4.15pp | Confirming ↑ |
Over the last 126 sessions: price up +18.47%, breadth down (-1.32/name) · % beating 35→55 · median−ETF -4.35pp→+0.68pp.
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 2026-10-15.
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 | 24 (36%) | 21 (32%) | +3 |
| 1-Month | 14 (21%) | 9 (14%) | +5 |
| 3-Month | 6 (9%) | 2 (3%) | +4 |
| 6-Month | 5 (8%) | 1 (2%) | +4 |
| 52-Week | 0 (0%) | 1 (2%) | -1 |
| YTD | 0 (0%) | 1 (2%) | -1 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.23% | +1.72% | +1.48pp | 41 / 24 | 40 / 26 | 16 of 66 | ±3.66% |
| 5d | -2.30% | +0.59% | +2.90pp | 37 / 29 | 42 / 24 | 3 of 66 | ±7.99% |
| 21d | +1.71% | +2.40% | +0.68pp | 47 / 19 | 36 / 30 | 11 of 66 | ±10.72% |
| YTD | +26.01% | -1.17% | -27.18pp | 31 / 35 | 16 / 50 | 1 of 66 | ±60.99% |
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)
- MU+1.87%+0.12pp
- ORCL+3.00%+0.08pp
- APP+6.52%+0.08pp
- NFLX+2.89%+0.07pp
- QCOM+3.35%+0.06pp
- CSCO-3.34%-0.14pp
- INTC-2.80%-0.13pp
- AMD-1.50%-0.08pp
- TSM-1.80%-0.06pp
- NVDA-1.84%-0.05pp
This month (21d)
- AMD+9.70%+0.49pp
- SHOP+37.07%+0.38pp
- PLTR+15.01%+0.29pp
- MSFT+10.02%+0.22pp
- META+9.50%+0.21pp
- INTC-5.62%-0.27pp
- STX-11.72%-0.18pp
- APP-14.48%-0.17pp
- ORCL-6.07%-0.16pp
- NFLX-4.97%-0.12pp
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)
- SHOP+37.07%
- SNPS+23.68%
- CCC+20.54%
- DXC+19.08%
- ACN+18.60%
- CRWV-23.71%
- PONY-21.07%
- SOUN-17.54%
- HUT-15.29%
- QUBT-14.50%
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% | 931.24 | +1.87% | -10.08% | +0.51% | +226.42% | 32 |
| AMD Adv Micro Devices | 5.02% | 562.23 | -1.50% | -9.42% | +9.70% | +162.53% | 73 |
| INTC Intel Corp | 4.79% | 95.37 | -2.80% | -10.94% | -5.62% | +158.46% | 15 |
| CSCO Cisco Systems Inc | 4.05% | 109.85 | -3.34% | -4.39% | +1.96% | +44.15% | 47 |
| TSM Taiwan Semiconductor ADR | 3.22% | 422.25 | -1.80% | -7.80% | +1.08% | +39.26% | 38 |
| AAPL Apple Inc | 2.92% | 342.00 | -0.28% | +0.46% | +2.88% | +25.92% | 52 |
| AVGO Broadcom Ltd | 2.92% | 344.33 | -0.55% | -4.39% | +1.60% | -0.30% | 44 |
| NVDA Nvidia Corp | 2.76% | 217.23 | -1.84% | -5.75% | +1.56% | +16.62% | 42 |
| GOOGL Alphabet Cl A | 2.71% | 349.22 | +0.45% | +0.27% | +1.85% | +11.65% | 45 |
| ORCL Oracle Corp | 2.57% | 134.47 | +3.00% | -0.53% | -6.07% | -30.59% | 12 |
| AMZN Amazon.com Inc | 2.53% | 254.76 | +0.27% | +0.28% | +3.58% | +10.37% | 53 |
| NFLX Netflix Inc | 2.39% | 72.61 | +2.89% | +1.45% | -4.97% | -22.56% | 17 |
| TSLA Tesla Inc | 2.25% | 362.44 | -1.29% | -3.35% | +1.22% | -19.41% | 39 |
| META META Platforms Inc | 2.17% | 736.72 | -0.11% | +2.20% | +9.50% | +11.70% | 71 |
| MSFT Microsoft Corp | 2.15% | 539.44 | +1.08% | +3.22% | +10.02% | +11.80% | 74 |
| IBM Intl Business Machines | 1.96% | 234.12 | +2.74% | +3.31% | -1.42% | -20.51% | 26 |
| PLTR Palantir Technologies Cl A | 1.92% | 200.50 | -0.23% | +0.87% | +15.01% | +12.80% | 83 |
| MRVL Marvell Technology Inc | 1.83% | 241.24 | -1.65% | -12.15% | +5.02% | +184.23% | 59 |
| QCOM Qualcomm Inc | 1.75% | 178.40 | +3.35% | +1.36% | -3.48% | +4.97% | 20 |
| BABA Alibaba Group Holding ADR | 1.58% | 111.13 | -0.04% | +5.14% | +3.60% | -24.18% | 55 |
| STX Seagate Technology Holdings | 1.53% | 690.81 | -3.19% | -10.84% | -11.72% | +151.29% | 9 |
| SAP SAP Ag ADR | 1.44% | 225.00 | +2.05% | +5.93% | +5.53% | -7.37% | 62 |
| CRM Salesforce Inc | 1.20% | 246.74 | +4.57% | +8.31% | -1.34% | -6.63% | 27 |
| APP Applovin Corp Cl A | 1.18% | 279.29 | +6.52% | -0.30% | -14.48% | -58.55% | 8 |
| UBER UBER Technologies Inc | 1.10% | 71.27 | +2.86% | +1.47% | +0.42% | -12.78% | 29 |
| SHOP Shopify Inc | 1.02% | 178.14 | +3.27% | +8.25% | +37.07% | +10.67% | 98 |
| NOW Servicenow Inc | 0.82% | 148.57 | +6.14% | +6.31% | +6.26% | -3.02% | 64 |
| ACN Accenture Plc | 0.81% | 224.92 | +4.63% | +8.81% | +18.60% | -14.96% | 92 |
| CDNS Cadence Design Sys | 0.81% | 324.38 | -1.54% | -7.01% | +15.89% | +3.78% | 91 |
| SNPS Synopsys Inc | 0.67% | 468.11 | -2.46% | -5.95% | +23.68% | -0.34% | 97 |
| NOK Nokia Corp ADR | 0.66% | 9.57 | +1.81% | -5.62% | -5.62% | +48.97% | 14 |
| ADBE Adobe Systems Inc | 0.65% | 251.67 | +4.57% | +4.41% | +0.47% | -28.09% | 30 |
| SNOW Snowflake Inc Cl A | 0.61% | 335.07 | +0.00% | -2.43% | +1.22% | +52.75% | 41 |
| NXPI Nxp Semiconductors | 0.59% | 231.09 | +4.65% | +0.01% | +5.53% | +7.02% | 61 |
| DDOG Datadog Inc Cl A | 0.58% | 266.25 | -1.14% | -2.76% | +15.36% | +95.79% | 88 |
| HPE Hewlett Packard Enterprise | 0.56% | 58.63 | -7.10% | -17.42% | +3.70% | +145.66% | 56 |
| HUT Hut 8 Corp | 0.54% | 76.09 | +1.63% | -4.40% | -15.29% | +65.63% | 5 |
| TWLO Twilio | 0.40% | 273.40 | +0.84% | -0.86% | +14.45% | +92.21% | 82 |
| CLS Celestica Inc | 0.35% | 315.25 | -2.50% | -11.58% | -2.65% | +6.64% | 21 |
| OKTA Okta Inc Cl A | 0.32% | 208.52 | -1.60% | -5.31% | +10.84% | +141.15% | 79 |
| ERIC Ericsson ADR | 0.32% | 10.71 | +11.80% | +12.74% | +6.78% | +12.62% | 68 |
| CRWV Coreweave Inc Cl A | 0.30% | 63.58 | -3.34% | -22.06% | -23.71% | -11.21% | 0 |
| TDC Teradata Corp | 0.28% | 31.26 | +4.58% | +3.20% | +7.16% | +2.69% | 70 |
| TRI Thomson Reuters Corp | 0.27% | 107.89 | +2.36% | +6.24% | +6.49% | -16.37% | 65 |
| BIDU Baidu Inc ADR | 0.25% | 82.56 | +0.86% | -1.62% | -6.76% | -36.81% | 11 |
| DT Dynatrace Inc | 0.25% | 63.73 | +0.24% | +4.27% | +15.47% | +47.05% | 89 |
| AMBA Ambarella Inc | 0.24% | 63.35 | +3.07% | +0.72% | +0.92% | -10.58% | 35 |
| EXPN.LN Experian Plc | 0.24% | 2855.00 | +5.90% | +10.92% | +2.55% | -14.71% | 50 |
| SMCI Super Micro Computer | 0.23% | 35.09 | -1.93% | -17.96% | -4.78% | +19.88% | 18 |
| GEHC GE Healthcare Technologies | 0.23% | 70.35 | +2.75% | +9.55% | +10.80% | -14.15% | 77 |
| ZBRA Zebra Technologies | 0.23% | 377.51 | +0.17% | -1.21% | +10.65% | +55.47% | 76 |
| QUBT Quantum Computing Inc | 0.21% | 6.84 | +8.40% | -8.19% | -14.50% | -33.33% | 6 |
| AI C3.Ai Inc Cl A | 0.21% | 12.16 | +4.20% | +7.23% | +15.15% | -9.79% | 86 |
| WDAY Workday Inc | 0.21% | 196.63 | +4.16% | +4.70% | +4.72% | -8.45% | 58 |
| EFX Equifax Inc | 0.19% | 161.26 | +7.25% | +10.80% | -1.55% | -25.22% | 24 |
| PATH Uipath Inc Cl A | 0.17% | 13.71 | +4.98% | +3.47% | +0.59% | -16.35% | 33 |
| G Genpact Ltd | 0.17% | 37.59 | +6.40% | +8.42% | +6.58% | -19.25% | 67 |
| SNAP Snap Inc | 0.17% | 6.44 | +5.57% | +9.90% | +12.59% | -20.20% | 80 |
| ZS Zscaler Inc | 0.16% | 220.43 | -0.16% | +1.67% | +15.06% | -2.00% | 85 |
| SOUN Soundhound AI Inc Cl A | 0.16% | 4.89 | +7.95% | -11.41% | -17.54% | -50.95% | 3 |
| PEGA Pegasystems Inc | 0.16% | 35.95 | +6.27% | +1.30% | -2.42% | -39.73% | 23 |
| DXC Dxc Technology Company | 0.15% | 13.79 | +7.82% | +11.48% | +19.08% | -5.87% | 94 |
| GLOB Globant S.A. | 0.14% | 39.23 | +6.40% | +5.88% | +2.24% | -39.99% | 48 |
| WIX Wix.com Ltd | 0.14% | 81.14 | +9.20% | +9.46% | +0.92% | -21.90% | 36 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.14% | 7.63 | -0.13% | +16.13% | +20.54% | -4.03% | 95 |
| PONY Pony AI Inc ADR | 0.12% | 5.17 | +0.00% | -10.24% | -21.07% | -64.34% | 2 |
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 2026-10-15: over 21 sessions the fund returned +1.71% while its median constituent returned +2.40% — a dispersion of 10.72 pp; 55% of 66 members beat the fund. Broad advance - breadth is rising with price.
How did AIQ's members trade in the last session?
As of 2026-10-15: fund +0.23%, median member +1.72%, 41 advancers vs 24 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 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.