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 | -0.37% | -0.53 | +14pp | +4.03pp | Weakening |
| 1 month | +3.11% | -0.09 | -3pp | -4.97pp | Weakening |
| 1 quarter | -5.54% | -2.5 | +29pp | +10.34pp | Confirming ↓ |
Over the last 126 sessions: price up +30.96%, breadth up (+0.85/name) · % beating 45→58 · median−ETF -2.18pp→+1.32pp.
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 2026-09-03.
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 | 23 (35%) | 11 (17%) | +12 |
| 1-Month | 13 (20%) | 7 (11%) | +6 |
| 3-Month | 8 (12%) | 2 (3%) | +6 |
| 6-Month | 4 (6%) | 0 (0%) | +4 |
| 52-Week | 1 (2%) | 0 (0%) | +1 |
| YTD | 1 (2%) | 0 (0%) | +1 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.93% | +1.80% | -0.13pp | 50 / 15 | 30 / 36 | 24 of 66 | ±3.45% |
| 5d | -0.37% | -0.70% | -0.33pp | 28 / 38 | 29 / 37 | 16 of 66 | ±4.93% |
| 21d | +3.11% | +4.43% | +1.32pp | 44 / 22 | 37 / 29 | 5 of 66 | ±12.69% |
| YTD | +26.43% | -4.31% | -30.74pp | 30 / 36 | 16 / 50 | 0 of 66 | ±56.46% |
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)
- PLTR+7.71%+0.15pp
- ORCL+5.69%+0.15pp
- TSLA+5.42%+0.12pp
- SNOW+16.55%+0.1pp
- INTC+1.80%+0.09pp
- AVGO-2.74%-0.08pp
- CSCO-0.78%-0.03pp
- APP-1.71%-0.02pp
- STX-1.23%-0.02pp
- AMBA-5.60%-0.01pp
This month (21d)
- MU+7.27%+0.45pp
- CRM+37.02%+0.44pp
- TSLA+17.05%+0.38pp
- PLTR+15.21%+0.29pp
- NFLX+11.42%+0.27pp
- INTC-9.29%-0.45pp
- CSCO-10.61%-0.43pp
- AVGO-14.61%-0.43pp
- APP-24.94%-0.29pp
- AMD-5.37%-0.27pp
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)
- CRM+37.02%
- PATH+31.84%
- WIX+25.75%
- SMCI+24.90%
- TWLO+24.46%
- APP-24.94%
- DDOG-24.16%
- AMBA-22.57%
- AVGO-14.61%
- CLS-14.59%
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% | 958.16 | +0.22% | +2.43% | +7.27% | +235.85% | 64 |
| AMD Adv Micro Devices | 5.02% | 456.16 | -0.20% | -4.30% | -5.37% | +113.00% | 21 |
| INTC Intel Corp | 4.79% | 91.67 | +1.80% | -0.46% | -9.29% | +148.43% | 15 |
| CSCO Cisco Systems Inc | 4.05% | 108.61 | -0.78% | -3.16% | -10.61% | +42.52% | 11 |
| TSM Taiwan Semiconductor ADR | 3.22% | 417.01 | +0.36% | -2.41% | +0.73% | +37.53% | 36 |
| AAPL Apple Inc | 2.92% | 328.21 | +1.00% | +4.33% | +5.62% | +20.84% | 56 |
| AVGO Broadcom Ltd | 2.92% | 357.16 | -2.74% | -3.87% | -14.61% | +3.41% | 5 |
| NVDA Nvidia Corp | 2.76% | 228.45 | +1.80% | +0.21% | +4.21% | +22.64% | 48 |
| GOOGL Alphabet Cl A | 2.71% | 342.48 | +1.59% | +0.54% | -5.50% | +9.50% | 20 |
| ORCL Oracle Corp | 2.57% | 154.04 | +5.69% | +1.38% | +6.68% | -20.48% | 59 |
| AMZN Amazon.com Inc | 2.53% | 258.90 | +1.54% | +1.03% | -5.04% | +12.17% | 23 |
| NFLX Netflix Inc | 2.39% | 82.67 | -0.07% | +3.54% | +11.42% | -11.83% | 76 |
| TSLA Tesla Inc | 2.25% | 376.37 | +5.42% | +6.08% | +17.05% | -16.31% | 86 |
| META META Platforms Inc | 2.17% | 610.68 | +3.01% | +6.93% | +3.72% | -7.41% | 44 |
| MSFT Microsoft Corp | 2.15% | 510.12 | +2.68% | +1.00% | +4.65% | +5.72% | 50 |
| IBM Intl Business Machines | 1.96% | 234.71 | +1.30% | -1.71% | +0.20% | -20.31% | 33 |
| PLTR Palantir Technologies Cl A | 1.92% | 182.53 | +7.71% | -1.83% | +15.21% | +2.69% | 83 |
| MRVL Marvell Technology Inc | 1.83% | 208.83 | +1.14% | -13.51% | -1.04% | +146.04% | 30 |
| QCOM Qualcomm Inc | 1.75% | 168.57 | -0.28% | +2.86% | +7.01% | -0.82% | 62 |
| BABA Alibaba Group Holding ADR | 1.58% | 111.81 | +0.00% | -3.87% | -13.01% | -23.72% | 9 |
| STX Seagate Technology Holdings | 1.53% | 798.61 | -1.23% | -5.74% | -4.66% | +190.50% | 26 |
| SAP SAP Ag ADR | 1.44% | 217.03 | +3.50% | -1.87% | +9.98% | -10.65% | 68 |
| CRM Salesforce Inc | 1.20% | 264.43 | +2.92% | +4.91% | +37.02% | +0.07% | 98 |
| APP Applovin Corp Cl A | 1.18% | 313.58 | -1.71% | +0.30% | -24.94% | -53.46% | 0 |
| UBER UBER Technologies Inc | 1.10% | 75.96 | -0.64% | -1.29% | +11.41% | -7.04% | 74 |
| SHOP Shopify Inc | 1.02% | 145.88 | +2.83% | -5.48% | +1.14% | -9.37% | 38 |
| NOW Servicenow Inc | 0.82% | 145.59 | +6.49% | +5.17% | +24.20% | -4.96% | 91 |
| ACN Accenture Plc | 0.81% | 193.12 | +2.90% | +3.06% | +13.11% | -26.99% | 80 |
| CDNS Cadence Design Sys | 0.81% | 304.88 | -0.59% | -12.28% | -9.55% | -2.46% | 14 |
| SNPS Synopsys Inc | 0.67% | 416.31 | +0.08% | -10.45% | +3.86% | -11.37% | 47 |
| NOK Nokia Corp ADR | 0.66% | 9.77 | -0.71% | -7.74% | +1.98% | +52.09% | 39 |
| ADBE Adobe Systems Inc | 0.65% | 285.75 | +2.13% | -1.18% | +10.19% | -18.35% | 73 |
| SNOW Snowflake Inc Cl A | 0.61% | 356.47 | +16.55% | +8.31% | +12.51% | +62.50% | 79 |
| NXPI Nxp Semiconductors | 0.59% | 224.99 | -1.54% | -0.39% | -2.66% | +4.19% | 29 |
| DDOG Datadog Inc Cl A | 0.58% | 214.76 | +2.64% | -11.60% | -24.16% | +57.92% | 2 |
| HPE Hewlett Packard Enterprise | 0.56% | 54.44 | +5.04% | +0.06% | +2.29% | +128.11% | 41 |
| HUT Hut 8 Corp | 0.54% | 88.09 | +9.18% | +1.10% | -5.03% | +91.75% | 24 |
| TWLO Twilio | 0.40% | 240.48 | +6.06% | -0.36% | +24.46% | +69.07% | 92 |
| CLS Celestica Inc | 0.35% | 309.84 | +11.55% | -2.38% | -14.59% | +4.81% | 6 |
| OKTA Okta Inc Cl A | 0.32% | 170.42 | +4.46% | -1.44% | +15.90% | +97.09% | 85 |
| ERIC Ericsson ADR | 0.32% | 10.13 | +0.90% | +0.50% | +0.70% | +6.52% | 35 |
| CRWV Coreweave Inc Cl A | 0.30% | 84.56 | +4.49% | -2.58% | -5.93% | +18.08% | 18 |
| TDC Teradata Corp | 0.28% | 28.79 | +1.88% | +0.84% | +9.76% | -5.42% | 67 |
| TRI Thomson Reuters Corp | 0.27% | 111.76 | +5.56% | +6.66% | +13.34% | -13.37% | 82 |
| BIDU Baidu Inc ADR | 0.25% | 95.58 | +1.31% | -1.40% | -13.98% | -26.85% | 8 |
| DT Dynatrace Inc | 0.25% | 52.76 | +3.72% | -1.25% | +3.74% | +21.74% | 45 |
| AMBA Ambarella Inc | 0.24% | 63.38 | -5.60% | -10.93% | -22.57% | -10.53% | 3 |
| EXPN.LN Experian Plc | 0.24% | 2943.00 | +2.33% | -0.81% | +2.90% | -12.08% | 42 |
| SMCI Super Micro Computer | 0.23% | 37.87 | +2.35% | -1.53% | +24.90% | +29.38% | 94 |
| GEHC GE Healthcare Technologies | 0.23% | 69.72 | -1.19% | -3.81% | -0.74% | -14.92% | 32 |
| ZBRA Zebra Technologies | 0.23% | 357.50 | +1.82% | -1.00% | -3.11% | +47.23% | 27 |
| QUBT Quantum Computing Inc | 0.21% | 7.96 | +1.53% | -7.98% | -10.36% | -22.42% | 12 |
| AI C3.Ai Inc Cl A | 0.21% | 10.90 | +3.61% | +5.52% | +9.99% | -19.14% | 70 |
| WDAY Workday Inc | 0.21% | 206.92 | +3.01% | +6.90% | +21.26% | -3.66% | 89 |
| EFX Equifax Inc | 0.19% | 189.09 | +1.95% | -0.38% | +6.61% | -12.32% | 58 |
| PATH Uipath Inc Cl A | 0.17% | 18.22 | +1.28% | -0.60% | +31.84% | +11.17% | 97 |
| G Genpact Ltd | 0.17% | 38.08 | +1.57% | +1.47% | +7.97% | -18.20% | 65 |
| SNAP Snap Inc | 0.17% | 5.70 | +1.97% | +6.94% | +6.94% | -29.37% | 61 |
| ZS Zscaler Inc | 0.16% | 177.80 | +2.94% | -5.07% | +9.99% | -20.95% | 71 |
| SOUN Soundhound AI Inc Cl A | 0.16% | 6.74 | -0.59% | -6.65% | +4.82% | -32.40% | 52 |
| PEGA Pegasystems Inc | 0.16% | 37.61 | +0.78% | +4.79% | +18.23% | -36.95% | 88 |
| DXC Dxc Technology Company | 0.15% | 11.67 | +0.34% | +6.09% | +4.95% | -20.34% | 53 |
| GLOB Globant S.A. | 0.14% | 40.35 | +3.78% | +0.45% | +5.13% | -38.27% | 55 |
| WIX Wix.com Ltd | 0.14% | 81.20 | -6.33% | -5.32% | +25.75% | -21.84% | 95 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.14% | 7.22 | +0.56% | -5.00% | +11.76% | -9.18% | 77 |
| PONY Pony AI Inc ADR | 0.12% | 7.21 | +2.56% | -4.12% | -7.68% | -50.28% | 17 |
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 2026-09-03: over 21 sessions the fund returned +3.11% while its median constituent returned +4.43% — a dispersion of 12.69 pp; 56% 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 2026-09-03: fund +1.93%, median member +1.80%, 50 advancers vs 15 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.