Constituent dispersion · breadth vs the index
EUROAI — Euro-AI Sovereign 50 (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 | -1.88% | +0.18 | -8pp | -0.68pp | Improving |
| 1 month | +1.16% | +0.51 | -23pp | -3.11pp | Confirming ↑ |
| 1 quarter | +1.62% | +0.87 | -20pp | -5.54pp | Confirming ↑ |
Over the last 126 sessions: price up +7.82%, breadth up (+0.28/name) · % beating 38→38 · median−ETF -4.19pp→-1.92pp.
Stocks above their moving average — participation breadth
Of the 61 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 61 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 (34%) | 28 (46%) | -7 |
| 1-Month | 14 (23%) | 19 (31%) | -5 |
| 3-Month | 9 (15%) | 8 (13%) | +1 |
| 6-Month | 9 (15%) | 6 (10%) | +3 |
| 52-Week | 1 (2%) | 0 (0%) | +1 |
| YTD | 2 (3%) | 0 (0%) | +2 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -1.32% | -0.58% | +0.73pp | 30 / 31 | 36 / 25 | 13 of 61 | ±4.01% |
| 5d | -1.88% | -0.64% | +1.24pp | 28 / 33 | 37 / 24 | 5 of 61 | ±8.19% |
| 21d | +1.16% | -0.76% | -1.92pp | 28 / 33 | 23 / 38 | 8 of 61 | ±8.62% |
| YTD | +31.43% | +7.46% | -23.97pp | 36 / 24 | 17 / 43 | 2 of 60 | ±67.7% |
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)
- SGE.L+5.64%+0.09pp
- PATH+4.98%+0.08pp
- RHM.DE+4.34%+0.07pp
- WKL.AS+4.30%+0.07pp
- REL.L+4.00%+0.06pp
- AIXA.DE-12.71%-0.2pp
- ATS.VI-11.94%-0.18pp
- MYCR.ST-8.10%-0.12pp
- M7U.DE-8.10%-0.12pp
- SMHN.DE-7.57%-0.12pp
This month (21d)
- EVK.DE+21.34%+0.33pp
- NEM.DE+21.06%+0.32pp
- WKL.AS+18.27%+0.28pp
- CAP.PA+15.57%+0.24pp
- REL.L+13.49%+0.21pp
- KGX.DE-18.82%-0.29pp
- SMHN.DE-14.97%-0.23pp
- MELE.BR-12.63%-0.19pp
- PRY.MI-12.27%-0.19pp
- VWS.CO-10.81%-0.17pp
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)
- EVK.DE+21.34%
- NEM.DE+21.06%
- WKL.AS+18.27%
- CAP.PA+15.57%
- REL.L+13.49%
- KGX.DE-18.82%
- SMHN.DE-14.97%
- MELE.BR-12.63%
- PRY.MI-12.27%
- VWS.CO-10.81%
EUROAI — constituent leadership race
$100 in each covered EUROAI constituent at 2026-01-06, 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 — 61 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| ASML.AS ASML | 1.54% | 1464.20 | -4.19% | -10.20% | +4.87% | +59.48% | 72 |
| ARM ARM Holdings | 1.54% | 244.79 | +2.85% | -11.08% | +0.33% | +123.94% | 57 |
| NBIS Nebius Group | 1.54% | 188.41 | +1.29% | -14.25% | -10.01% | +125.09% | 8 |
| MTRS.ST Munters Group | 1.54% | 127.70 | -2.41% | +0.87% | -5.69% | -25.42% | 23 |
| VACN.SW VAT Group | 1.54% | 623.60 | -1.80% | -7.48% | +6.38% | +63.57% | 74 |
| BESI.AS BE Semiconductor | 1.54% | 163.40 | -6.39% | -9.17% | -8.64% | +22.94% | 15 |
| SMHN.DE SUSS MicroTec | 1.54% | 56.80 | -7.57% | -12.95% | -14.97% | +45.12% | 2 |
| ASM.AS ASM International | 1.54% | 765.60 | -7.18% | -14.78% | -0.78% | +47.91% | 48 |
| PATH UiPath | 1.54% | 13.71 | +4.98% | +3.47% | +0.59% | -16.35% | 59 |
| BNTX BioNTech | 1.54% | 90.20 | +1.74% | -2.02% | -5.87% | -5.25% | 20 |
| AIXA.DE AIXTRON | 1.54% | 30.98 | -12.71% | -15.12% | -9.26% | +79.02% | 10 |
| IFX.DE Infineon | 1.54% | 52.47 | -5.20% | -10.92% | -4.60% | +40.14% | 28 |
| ATS.VI AT&S | 1.54% | 177.00 | -11.94% | -20.09% | +11.88% | +449.69% | 89 |
| MYCR.ST Mycronic | 1.54% | 304.00 | -8.10% | -12.19% | -3.49% | +37.67% | 31 |
| HAG.DE Hensoldt | 1.54% | 82.92 | +2.65% | +11.03% | +6.61% | +12.97% | 77 |
| SU.PA Schneider Electric | 1.54% | 258.00 | -2.42% | -1.19% | -7.66% | +9.83% | 16 |
| REL.L RELX | 1.54% | 2886.00 | +4.00% | +11.21% | +13.49% | -4.44% | 92 |
| ETN Eaton | 1.54% | 402.48 | -1.56% | -5.19% | +1.18% | +26.76% | 62 |
| ENR.DE Siemens Energy | 1.54% | 132.36 | -2.16% | -7.12% | -3.47% | +10.40% | 33 |
| SAP.DE SAP | 1.54% | 201.25 | +2.19% | +9.01% | +7.87% | -1.77% | 79 |
| SIE.DE Siemens AG | 1.54% | 270.65 | -1.60% | +2.42% | +3.90% | +15.58% | 67 |
| ABBN.SW ABB | 1.54% | 76.20 | -3.40% | -3.30% | -2.63% | +30.58% | 39 |
| SAF.PA Safran | 1.54% | 317.00 | +0.67% | +1.99% | -2.85% | +6.59% | 38 |
| DSY.PA Dassault Systèmes | 1.54% | 23.16 | +2.98% | +7.27% | +10.81% | -2.85% | 87 |
| SHL.DE Siemens Healthineers | 1.54% | 40.85 | +1.95% | +6.77% | +6.49% | -6.87% | 75 |
| HO.PA Thales | 1.54% | 227.70 | +1.34% | +5.56% | -5.48% | -0.91% | 25 |
| WKL.AS Wolters Kluwer | 1.54% | 81.42 | +4.30% | +13.43% | +18.27% | -7.83% | 95 |
| CAP.PA Capgemini | 1.54% | 122.10 | +3.47% | +10.15% | +15.57% | -14.17% | 93 |
| RHM.DE Rheinmetall | 1.54% | 1026.00 | +4.34% | +9.74% | +1.28% | -34.27% | 64 |
| PHIA.AS Philips | 1.54% | 22.72 | +1.11% | +5.77% | +4.75% | -2.24% | 70 |
| STM STMicroelectronics | 1.54% | 46.60 | -0.64% | -11.59% | -2.87% | +80.16% | 36 |
| LR.PA Legrand | 1.54% | 133.70 | -1.22% | -3.12% | -1.18% | +5.07% | 46 |
| VWS.CO Vestas | 1.54% | 184.00 | -1.00% | -1.55% | -10.81% | +6.53% | 7 |
| PRY.MI Prysmian | 1.54% | 107.20 | -5.26% | -12.35% | -12.27% | +25.03% | 5 |
| ALFA.ST Alfa Laval | 1.54% | 571.40 | -2.79% | +1.96% | +4.35% | +24.75% | 69 |
| NEM.DE Nemetschek | 1.54% | 72.15 | +1.91% | +12.30% | +21.06% | -22.25% | 97 |
| KGX.DE Kion Group | 1.54% | 33.78 | -1.80% | +0.84% | -18.82% | -50.51% | 0 |
| NKT.CO NKT A/S | 1.54% | 849.50 | +0.12% | -0.64% | -6.44% | +6.39% | 18 |
| TEMN.SW Temenos | 1.54% | 73.15 | +2.74% | +8.53% | +9.18% | -8.10% | 84 |
| MELE.BR Melexis | 1.54% | 56.75 | -3.40% | -12.29% | -12.63% | -1.30% | 3 |
| TOM.OL Tomra Systems | 1.54% | 89.20 | -2.73% | +0.39% | -1.22% | -33.22% | 44 |
| COTN.SW Comet Holding | 1.54% | 318.00 | -6.96% | -10.42% | -1.55% | +41.56% | 43 |
| OXIG.L Oxford Instruments | 1.54% | 2710.00 | -7.06% | -7.38% | -0.66% | +32.20% | 51 |
| NOD.OL Nordic Semi | 1.54% | 167.40 | -2.28% | -5.85% | -2.11% | +25.58% | 41 |
| OVH.PA OVHcloud | 1.54% | 15.04 | -1.05% | -1.64% | -8.96% | +106.31% | 13 |
| KTN.VI Kontron AG | 1.54% | 20.48 | -0.58% | -0.87% | +0.29% | -10.02% | 54 |
| RR.L Rolls-Royce | 1.54% | 1362.80 | +0.10% | -0.31% | -5.40% | +19.03% | 26 |
| BAS.DE BASF | 1.54% | 52.62 | +0.30% | +1.64% | +0.94% | +23.70% | 61 |
| SGO.PA Saint-Gobain | 1.54% | 66.54 | +1.37% | +2.75% | -4.48% | -23.48% | 30 |
| EVK.DE Evonik | 1.54% | 21.32 | +0.85% | +1.62% | +21.34% | +59.58% | 98 |
| SY1.DE Symrise | 1.54% | 99.40 | +2.50% | +9.30% | +8.68% | +44.31% | 82 |
| SAN.PA Sanofi | 1.54% | 72.16 | +0.47% | +1.73% | -2.95% | -7.89% | 34 |
| AIR.PA Airbus | 1.54% | 194.78 | +2.40% | +4.02% | -0.76% | -0.01% | 49 |
| AFX.DE Carl Zeiss Meditec | 1.54% | 32.74 | -0.85% | +5.41% | +8.05% | -16.31% | 80 |
| SGE.L Sage Group | 1.54% | 1133.50 | +5.64% | +10.32% | +12.06% | +6.07% | 90 |
| INF.L Informa | 1.54% | 882.40 | +1.22% | -0.97% | -0.47% | -0.18% | 52 |
| YAR.OL Yara International | 1.54% | 412.80 | +2.18% | -0.84% | -9.03% | -0.29% | 11 |
| CEVI.ST CellaVision | 1.54% | 166.60 | +1.34% | +0.85% | +2.08% | +8.34% | 66 |
| TIETO.HE Tietoevry | 1.54% | 18.64 | +0.16% | -0.16% | +0.30% | +4.45% | 56 |
| P4O.DE Plan Optik | 1.54% | 8.16 | -1.69% | -5.99% | +10.27% | — | 85 |
| M7U.DE Nynomic | 1.54% | 22.70 | -8.10% | -10.98% | -5.81% | +130.69% | 21 |
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
EUROAI dispersion — data Q&A
Is EUROAI's move broad or carried by a few names (21 sessions)?
As of 2026-10-15: over 21 sessions the fund returned +1.16% while its median constituent returned -0.76% — a dispersion of 8.62 pp; 38% of 61 members beat the fund. Broad advance - breadth is rising with price.
How did EUROAI's members trade in the last session?
As of 2026-10-15: fund -1.32%, median member -0.58%, 30 advancers vs 31 decliners.
What does the dispersion page for EUROAI 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. 61 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.