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 | -3.37% | -0.97 | +13pp | +1.79pp | Confirming ↓ |
| 1 month | -1.49% | -0.07 | -3pp | +0.14pp | Confirming ↓ |
| 1 quarter | -0.60% | +0.11 | +21pp | +2.32pp | Improving |
Over the last 126 sessions: price up +23.70%, breadth up (+3.2/name) · % beating 31→46 · median−ETF -2.90pp→-1.25pp.
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 2026-09-03.
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%) | 14 (23%) | +7 |
| 1-Month | 2 (3%) | 4 (7%) | -2 |
| 3-Month | 2 (3%) | 0 (0%) | +2 |
| 6-Month | 0 (0%) | 0 (0%) | +0 |
| 52-Week | 0 (0%) | 0 (0%) | +0 |
| YTD | 0 (0%) | 0 (0%) | +0 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.47% | +0.52% | +0.05pp | 37 / 23 | 32 / 29 | 25 of 61 | ±3.68% |
| 5d | -3.37% | -1.79% | +1.58pp | 18 / 43 | 44 / 17 | 10 of 61 | ±4.2% |
| 21d | -1.49% | -2.22% | -0.72pp | 23 / 38 | 27 / 34 | 7 of 61 | ±9.3% |
| YTD | +33.57% | +15.48% | -18.09pp | 41 / 19 | 17 / 43 | 1 of 60 | ±66.44% |
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)
- ATS.VI+11.16%+0.17pp
- NBIS+7.48%+0.12pp
- ASM.AS+6.20%+0.1pp
- SMHN.DE+6.08%+0.09pp
- OVH.PA+5.27%+0.08pp
- PATH-16.63%-0.26pp
- DSY.PA-6.49%-0.1pp
- NEM.DE-6.02%-0.09pp
- RHM.DE-3.38%-0.05pp
- CAP.PA-3.27%-0.05pp
This month (21d)
- M7U.DE+40.70%+0.63pp
- VWS.CO+21.09%+0.32pp
- NBIS+19.23%+0.3pp
- BNTX+13.78%+0.21pp
- ATS.VI+11.91%+0.18pp
- P4O.DE-13.08%-0.2pp
- MTRS.ST-12.32%-0.19pp
- ARM-12.07%-0.19pp
- HAG.DE-11.80%-0.18pp
- HO.PA-11.72%-0.18pp
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)
- M7U.DE+40.70%
- VWS.CO+21.09%
- NBIS+19.23%
- BNTX+13.78%
- ATS.VI+11.91%
- P4O.DE-13.08%
- MTRS.ST-12.32%
- ARM-12.07%
- HAG.DE-11.80%
- HO.PA-11.72%
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% | 1467.40 | +3.09% | -1.81% | -1.78% | +59.82% | 52 |
| ARM ARM Holdings | 1.54% | 252.09 | +3.92% | +5.45% | -12.07% | +130.62% | 3 |
| NBIS Nebius Group | 1.54% | 226.39 | +7.48% | +8.23% | +19.23% | +170.46% | 95 |
| MTRS.ST Munters Group | 1.54% | 159.00 | -0.47% | -6.22% | -12.32% | -7.14% | 2 |
| VACN.SW VAT Group | 1.54% | 612.60 | +2.79% | +1.56% | -3.44% | +60.69% | 39 |
| BESI.AS BE Semiconductor | 1.54% | 196.65 | +2.74% | -0.43% | -9.46% | +47.95% | 11 |
| SMHN.DE SUSS MicroTec | 1.54% | 72.40 | +6.08% | +1.05% | -8.47% | +84.98% | 13 |
| ASM.AS ASM International | 1.54% | 825.20 | +6.20% | -0.07% | -0.94% | +59.43% | 57 |
| PATH UiPath | 1.54% | 15.19 | -16.63% | -16.31% | +8.50% | -7.32% | 84 |
| BNTX BioNTech | 1.54% | 103.76 | +0.86% | +1.65% | +13.78% | +8.99% | 93 |
| AIXA.DE AIXTRON | 1.54% | 36.15 | +2.03% | -1.23% | -7.62% | +108.90% | 18 |
| IFX.DE Infineon | 1.54% | 56.86 | +2.40% | -0.39% | -5.74% | +51.86% | 26 |
| ATS.VI AT&S | 1.54% | 165.40 | +11.16% | +7.26% | +11.91% | +413.66% | 92 |
| MYCR.ST Mycronic | 1.54% | 313.20 | +2.09% | -7.39% | -3.93% | +41.83% | 36 |
| HAG.DE Hensoldt | 1.54% | 79.70 | -2.52% | -8.60% | -11.80% | +8.58% | 5 |
| SU.PA Schneider Electric | 1.54% | 288.00 | +0.23% | -4.56% | -4.19% | +22.61% | 34 |
| REL.L RELX | 1.54% | 2620.00 | -2.06% | -1.80% | -3.50% | -13.25% | 38 |
| ETN Eaton | 1.54% | 410.85 | +3.46% | +2.00% | -8.11% | +29.39% | 15 |
| ENR.DE Siemens Energy | 1.54% | 146.52 | +0.77% | -2.12% | -4.66% | +22.21% | 33 |
| SAP.DE SAP | 1.54% | 185.68 | +0.05% | -2.95% | +8.60% | -9.37% | 87 |
| SIE.DE Siemens AG | 1.54% | 272.65 | +0.76% | -5.93% | -0.16% | +16.43% | 61 |
| ABBN.SW ABB | 1.54% | 77.76 | +0.70% | -2.92% | -5.54% | +33.25% | 30 |
| SAF.PA Safran | 1.54% | 333.50 | +0.60% | -3.11% | -6.11% | +12.14% | 23 |
| DSY.PA Dassault Systèmes | 1.54% | 21.02 | -6.49% | -8.96% | -3.27% | -11.83% | 41 |
| SHL.DE Siemens Healthineers | 1.54% | 39.00 | +0.49% | -1.32% | -0.26% | -11.09% | 59 |
| HO.PA Thales | 1.54% | 233.60 | -0.47% | -4.54% | -11.72% | +1.65% | 7 |
| WKL.AS Wolters Kluwer | 1.54% | 68.86 | -2.44% | -0.52% | -1.09% | -22.05% | 56 |
| CAP.PA Capgemini | 1.54% | 106.40 | -3.27% | -2.79% | -2.61% | -25.20% | 46 |
| RHM.DE Rheinmetall | 1.54% | 1034.00 | -3.38% | -10.45% | -10.79% | -33.76% | 8 |
| PHIA.AS Philips | 1.54% | 22.35 | +0.00% | -3.16% | -2.70% | -3.83% | 44 |
| STM STMicroelectronics | 1.54% | 52.24 | +1.87% | +5.79% | -1.95% | +101.96% | 51 |
| LR.PA Legrand | 1.54% | 140.90 | +3.26% | +0.90% | +1.33% | +10.73% | 67 |
| VWS.CO Vestas | 1.54% | 213.30 | -0.74% | +0.85% | +21.09% | +23.49% | 97 |
| PRY.MI Prysmian | 1.54% | 121.55 | +1.46% | -0.41% | -2.37% | +41.76% | 48 |
| ALFA.ST Alfa Laval | 1.54% | 555.80 | +0.11% | -3.71% | -2.90% | +21.34% | 43 |
| NEM.DE Nemetschek | 1.54% | 63.20 | -6.02% | -10.67% | +11.56% | -31.90% | 90 |
| KGX.DE Kion Group | 1.54% | 45.30 | +3.97% | +0.49% | +9.31% | -33.63% | 89 |
| NKT.CO NKT A/S | 1.54% | 935.00 | -0.37% | +0.21% | +0.16% | +17.09% | 62 |
| TEMN.SW Temenos | 1.54% | 72.75 | -0.27% | -3.58% | +4.68% | -8.61% | 79 |
| MELE.BR Melexis | 1.54% | 65.85 | +1.15% | -0.53% | -7.71% | +14.52% | 16 |
| TOM.OL Tomra Systems | 1.54% | 105.90 | +0.28% | -3.55% | -2.22% | -20.72% | 49 |
| COTN.SW Comet Holding | 1.54% | 343.20 | +1.78% | +0.35% | -6.08% | +52.78% | 25 |
| OXIG.L Oxford Instruments | 1.54% | 2708.00 | +0.52% | -5.18% | -5.71% | +32.10% | 28 |
| NOD.OL Nordic Semi | 1.54% | 168.10 | +1.39% | +0.24% | +1.14% | +26.11% | 66 |
| OVH.PA OVHcloud | 1.54% | 14.59 | +5.27% | -5.07% | -6.35% | +100.14% | 20 |
| KTN.VI Kontron AG | 1.54% | 21.90 | +2.72% | -1.79% | +3.99% | -3.78% | 77 |
| RR.L Rolls-Royce | 1.54% | 1489.40 | +0.62% | -2.64% | -4.79% | +30.08% | 31 |
| BAS.DE BASF | 1.54% | 53.36 | -0.28% | +1.60% | +3.98% | +25.44% | 75 |
| SGO.PA Saint-Gobain | 1.54% | 75.78 | +0.37% | -5.01% | -10.55% | -12.86% | 10 |
| EVK.DE Evonik | 1.54% | 18.60 | -0.96% | -1.01% | +3.05% | +39.22% | 70 |
| SY1.DE Symrise | 1.54% | 90.40 | -1.18% | -2.69% | -1.55% | +31.24% | 54 |
| SAN.PA Sanofi | 1.54% | 76.26 | -0.01% | -1.28% | +2.62% | -2.66% | 69 |
| AIR.PA Airbus | 1.54% | 198.96 | +0.99% | -2.01% | -6.35% | +2.14% | 21 |
| AFX.DE Carl Zeiss Meditec | 1.54% | 31.56 | -1.87% | -1.87% | +7.71% | -19.33% | 80 |
| SGE.L Sage Group | 1.54% | 1051.50 | -1.73% | -4.71% | +3.80% | -1.60% | 74 |
| INF.L Informa | 1.54% | 911.20 | -0.18% | +2.24% | +0.78% | +3.08% | 64 |
| YAR.OL Yara International | 1.54% | 457.40 | -1.17% | +2.46% | +8.16% | +10.48% | 82 |
| CEVI.ST CellaVision | 1.54% | 160.40 | -1.35% | -2.31% | +8.53% | +4.30% | 85 |
| TIETO.HE Tietoevry | 1.54% | 19.35 | -0.97% | -1.78% | +3.37% | +8.43% | 72 |
| P4O.DE Plan Optik | 1.54% | 7.18 | +3.16% | -1.10% | -13.08% | — | 0 |
| M7U.DE Nynomic | 1.54% | 24.20 | +3.86% | +2.98% | +40.70% | +145.93% | 98 |
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 2026-09-04: over 21 sessions the fund returned -1.49% while its median constituent returned -2.22% — a dispersion of 9.30 pp; 44% of 61 members beat the fund. Broad decline - breadth is falling with price.
How did EUROAI's members trade in the last session?
As of 2026-09-04: fund +0.47%, median member +0.52%, 37 advancers vs 23 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 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.