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 | -7.03% | -0.89 | -4pp | -1.59pp | Confirming ↓ |
| 1 month | -10.71% | -0.97 | +13pp | +5.28pp | Confirming ↓ |
| 1 quarter | -3.36% | -1.03 | -3pp | -1.97pp | Confirming ↓ |
Over the last 126 sessions: price down -0.20%, breadth down (-2.86/name) · % beating 38→58 · median−ETF -8.49pp→+3.77pp.
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 2026-11-04.
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%) | 18 (27%) | +3 |
| 1-Month | 6 (9%) | 16 (24%) | -10 |
| 3-Month | 5 (8%) | 15 (23%) | -10 |
| 6-Month | 5 (8%) | 8 (12%) | -3 |
| 52-Week | 2 (3%) | 2 (3%) | +0 |
| YTD | 2 (3%) | 2 (3%) | +0 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.55% | +1.42% | +0.86pp | 43 / 22 | 40 / 26 | 15 of 66 | ±5.61% |
| 5d | -7.03% | -4.75% | +2.28pp | 22 / 44 | 39 / 27 | 6 of 66 | ±11.65% |
| 21d | -10.71% | -7.27% | +3.44pp | 27 / 39 | 38 / 28 | 3 of 66 | ±20.7% |
| YTD | +17.72% | -3.34% | -21.05pp | 28 / 38 | 16 / 50 | 0 of 66 | ±45.03% |
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)
- AAPL+5.31%+0.15pp
- AMZN+6.12%+0.15pp
- ORCL+5.85%+0.15pp
- MSFT+6.68%+0.14pp
- APP+10.69%+0.13pp
- MU-7.00%-0.43pp
- INTC-3.77%-0.18pp
- MRVL-7.08%-0.13pp
- HUT-23.23%-0.13pp
- STX-8.13%-0.12pp
This month (21d)
- ACN+37.74%+0.31pp
- IBM+14.93%+0.29pp
- SAP+14.05%+0.2pp
- AAPL+4.76%+0.14pp
- MSFT+5.01%+0.11pp
- INTC-48.20%-2.31pp
- MU-23.93%-1.47pp
- AMD-24.74%-1.24pp
- MRVL-44.31%-0.81pp
- TSM-17.95%-0.58pp
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)
- ACN+37.74%
- GLOB+35.10%
- EFX+34.90%
- GEHC+32.48%
- DXC+25.78%
- INTC-48.20%
- CRWV-47.21%
- HUT-46.93%
- MRVL-44.31%
- CLS-39.11%
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% | 795.23 | -7.00% | -19.12% | -23.93% | +178.74% | 20 |
| AMD Adv Micro Devices | 5.02% | 488.78 | +1.01% | -15.50% | -24.74% | +128.23% | 14 |
| INTC Intel Corp | 4.79% | 58.27 | -3.77% | -39.00% | -48.20% | +57.91% | 0 |
| CSCO Cisco Systems Inc | 4.05% | 103.61 | +0.62% | -6.06% | -12.15% | +35.96% | 39 |
| TSM Taiwan Semiconductor ADR | 3.22% | 395.75 | -2.24% | -9.96% | -17.95% | +30.52% | 27 |
| AAPL Apple Inc | 2.92% | 349.51 | +5.31% | +1.65% | +4.76% | +28.68% | 70 |
| AVGO Broadcom Ltd | 2.92% | 325.48 | -2.00% | -7.48% | -13.39% | -5.76% | 36 |
| NVDA Nvidia Corp | 2.76% | 200.13 | -3.17% | -7.08% | -16.35% | +7.44% | 30 |
| GOOGL Alphabet Cl A | 2.71% | 288.93 | +3.18% | -11.07% | -16.90% | -7.63% | 29 |
| ORCL Oracle Corp | 2.57% | 126.19 | +5.85% | -3.32% | -11.11% | -34.86% | 41 |
| AMZN Amazon.com Inc | 2.53% | 266.03 | +6.12% | +4.49% | +3.80% | +15.25% | 67 |
| NFLX Netflix Inc | 2.39% | 66.39 | +4.68% | +7.10% | -3.35% | -29.19% | 55 |
| TSLA Tesla Inc | 2.25% | 385.19 | -3.34% | -4.71% | +1.18% | -14.35% | 62 |
| META META Platforms Inc | 2.17% | 630.00 | +1.44% | +2.86% | -14.74% | -4.48% | 32 |
| MSFT Microsoft Corp | 2.15% | 555.80 | +6.68% | +4.67% | +5.01% | +15.19% | 71 |
| IBM Intl Business Machines | 1.96% | 254.32 | +1.71% | +0.43% | +14.93% | -13.65% | 82 |
| PLTR Palantir Technologies Cl A | 1.92% | 171.70 | -2.11% | -12.76% | -10.61% | -3.40% | 42 |
| MRVL Marvell Technology Inc | 1.83% | 159.80 | -7.08% | -36.50% | -44.31% | +88.27% | 5 |
| QCOM Qualcomm Inc | 1.75% | 173.19 | +5.33% | -5.35% | -4.33% | +1.90% | 52 |
| BABA Alibaba Group Holding ADR | 1.58% | 105.29 | +4.91% | +4.29% | -3.63% | -28.17% | 53 |
| STX Seagate Technology Holdings | 1.53% | 557.06 | -8.13% | -20.19% | -30.85% | +102.63% | 11 |
| SAP SAP Ag ADR | 1.44% | 240.04 | +4.22% | +1.31% | +14.05% | -1.18% | 80 |
| CRM Salesforce Inc | 1.20% | 227.11 | +2.21% | -6.20% | +0.94% | -14.05% | 59 |
| APP Applovin Corp Cl A | 1.18% | 271.75 | +10.69% | +4.53% | -2.52% | -59.67% | 56 |
| UBER UBER Technologies Inc | 1.10% | 69.87 | +4.91% | +7.05% | +1.14% | -14.49% | 61 |
| SHOP Shopify Inc | 1.02% | 153.03 | +7.34% | -9.03% | -6.94% | -4.93% | 50 |
| NOW Servicenow Inc | 0.82% | 108.81 | -0.32% | -27.52% | -21.14% | -28.97% | 24 |
| ACN Accenture Plc | 0.81% | 264.27 | +3.81% | +8.57% | +37.74% | -0.09% | 98 |
| CDNS Cadence Design Sys | 0.81% | 329.52 | +1.78% | -3.78% | -8.35% | +5.42% | 47 |
| SNPS Synopsys Inc | 0.67% | 462.95 | +0.02% | -3.93% | -8.36% | -1.44% | 45 |
| NOK Nokia Corp ADR | 0.66% | 8.26 | -2.59% | -10.41% | -24.70% | +28.58% | 17 |
| ADBE Adobe Systems Inc | 0.65% | 248.48 | +0.95% | -0.51% | +4.35% | -29.00% | 68 |
| SNOW Snowflake Inc Cl A | 0.61% | 290.60 | -1.50% | -14.51% | -13.50% | +32.48% | 35 |
| NXPI Nxp Semiconductors | 0.59% | 265.01 | +0.84% | +5.29% | +8.44% | +22.72% | 77 |
| DDOG Datadog Inc Cl A | 0.58% | 188.72 | -14.42% | -32.22% | -32.17% | +38.77% | 8 |
| HPE Hewlett Packard Enterprise | 0.56% | 50.09 | -5.67% | -16.97% | -28.93% | +109.88% | 12 |
| HUT Hut 8 Corp | 0.54% | 48.94 | -23.23% | -29.54% | -46.93% | +6.53% | 3 |
| TWLO Twilio | 0.40% | 213.50 | -0.13% | -15.87% | -23.86% | +50.10% | 21 |
| CLS Celestica Inc | 0.35% | 236.41 | -9.05% | -21.14% | -39.11% | -20.03% | 6 |
| OKTA Okta Inc Cl A | 0.32% | 191.05 | +0.72% | -14.20% | -12.63% | +120.94% | 38 |
| ERIC Ericsson ADR | 0.32% | 11.06 | +1.56% | -0.09% | +17.29% | +16.30% | 86 |
| CRWV Coreweave Inc Cl A | 0.30% | 48.42 | -9.90% | -24.26% | -47.21% | -32.38% | 2 |
| TDC Teradata Corp | 0.28% | 34.61 | +2.94% | +0.79% | +16.85% | +13.70% | 85 |
| TRI Thomson Reuters Corp | 0.27% | 117.23 | +6.40% | +0.98% | +19.51% | -9.13% | 88 |
| BIDU Baidu Inc ADR | 0.25% | 80.43 | +4.50% | +1.17% | -7.60% | -38.44% | 48 |
| DT Dynatrace Inc | 0.25% | 45.96 | -2.29% | -26.83% | -24.73% | +6.03% | 15 |
| AMBA Ambarella Inc | 0.24% | 60.92 | -1.74% | -8.07% | -10.33% | -14.00% | 44 |
| EXPN.LN Experian Plc | 0.24% | 3095.00 | +2.72% | +7.02% | +23.65% | -7.54% | 91 |
| SMCI Super Micro Computer | 0.23% | 29.60 | -5.70% | -17.34% | -31.89% | +1.13% | 9 |
| GEHC GE Healthcare Technologies | 0.23% | 85.81 | +6.38% | +13.18% | +32.48% | +4.71% | 94 |
| ZBRA Zebra Technologies | 0.23% | 332.44 | +0.89% | -13.58% | -13.83% | +36.91% | 33 |
| QUBT Quantum Computing Inc | 0.21% | 6.43 | +0.00% | -6.95% | -18.19% | -37.33% | 26 |
| AI C3.Ai Inc Cl A | 0.21% | 11.96 | +3.64% | -3.00% | +6.41% | -11.28% | 74 |
| WDAY Workday Inc | 0.21% | 201.84 | +1.97% | -1.23% | +8.20% | -6.02% | 76 |
| EFX Equifax Inc | 0.19% | 192.21 | +2.39% | +9.19% | +34.90% | -10.87% | 95 |
| PATH Uipath Inc Cl A | 0.17% | 13.51 | +2.89% | -4.79% | +3.13% | -17.57% | 65 |
| G Genpact Ltd | 0.17% | 40.78 | +1.39% | +4.99% | +21.91% | -12.40% | 89 |
| SNAP Snap Inc | 0.17% | 5.92 | +5.90% | -0.67% | +2.42% | -26.64% | 64 |
| ZS Zscaler Inc | 0.16% | 224.44 | -0.29% | -12.26% | +5.74% | -0.21% | 73 |
| SOUN Soundhound AI Inc Cl A | 0.16% | 4.32 | +4.85% | -2.70% | -24.48% | -56.67% | 18 |
| PEGA Pegasystems Inc | 0.16% | 34.36 | +0.03% | -2.86% | -0.69% | -42.40% | 58 |
| DXC Dxc Technology Company | 0.15% | 14.88 | +7.98% | -7.52% | +25.78% | +1.57% | 92 |
| GLOB Globant S.A. | 0.14% | 48.04 | +4.96% | +11.00% | +35.10% | -26.51% | 97 |
| WIX Wix.com Ltd | 0.14% | 80.52 | +7.79% | +2.49% | +8.94% | -22.49% | 79 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.14% | 7.69 | +0.13% | +0.26% | +15.64% | -3.27% | 83 |
| PONY Pony AI Inc ADR | 0.12% | 4.75 | +4.40% | -5.94% | -22.51% | -67.24% | 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 2026-11-04: over 21 sessions the fund returned -10.71% while its median constituent returned -7.27% — a dispersion of 20.70 pp; 58% of 66 members beat the fund. Broad decline - breadth is falling with price.
How did AIQ's members trade in the last session?
As of 2026-11-04: fund +0.55%, median member +1.42%, 43 advancers vs 22 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.