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 | -2.27% | +0.43 | +12pp | +4.40pp | Improving |
| 1 month | -6.60% | +0.28 | +19pp | +5.29pp | Improving |
| 1 quarter | -5.55% | +0.41 | +12pp | +3.54pp | Improving |
Over the last 126 sessions: price up +2.95%, breadth up (+1.48/name) · % beating 36→58 · median−ETF -6.42pp→+2.61pp.
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 2026-11-04.
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 | 26 (43%) | 25 (41%) | +1 |
| 1-Month | 15 (25%) | 11 (18%) | +4 |
| 3-Month | 11 (18%) | 9 (15%) | +2 |
| 6-Month | 11 (18%) | 8 (13%) | +3 |
| 52-Week | 3 (5%) | 0 (0%) | +3 |
| YTD | 4 (7%) | 0 (0%) | +4 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -1.23% | +0.90% | +2.13pp | 32 / 29 | 35 / 26 | 4 of 61 | ±4% |
| 5d | -2.27% | -0.02% | +2.25pp | 30 / 31 | 36 / 25 | 6 of 61 | ±7.46% |
| 21d | -6.60% | -4.89% | +1.71pp | 26 / 35 | 35 / 26 | 3 of 61 | ±17.19% |
| YTD | +29.76% | +10.62% | -19.13pp | 42 / 18 | 16 / 44 | 2 of 60 | ±49.03% |
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)
- WKL.AS+6.69%+0.1pp
- PHIA.AS+6.54%+0.1pp
- CEVI.ST+4.61%+0.07pp
- BNTX+4.35%+0.07pp
- OVH.PA+3.94%+0.06pp
- ETN-9.86%-0.15pp
- ENR.DE-7.95%-0.12pp
- NBIS-6.67%-0.1pp
- AIXA.DE-6.25%-0.1pp
- STM-6.06%-0.09pp
This month (21d)
- WKL.AS+31.43%+0.48pp
- PHIA.AS+26.99%+0.42pp
- DSY.PA+20.13%+0.31pp
- TEMN.SW+19.31%+0.3pp
- SAN.PA+19.10%+0.29pp
- NBIS-43.36%-0.67pp
- ATS.VI-42.47%-0.65pp
- ARM-36.61%-0.56pp
- SMHN.DE-31.74%-0.49pp
- ASM.AS-27.84%-0.43pp
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)
- WKL.AS+31.43%
- PHIA.AS+26.99%
- DSY.PA+20.13%
- TEMN.SW+19.31%
- SAN.PA+19.10%
- NBIS-43.36%
- ATS.VI-42.47%
- ARM-36.61%
- SMHN.DE-31.74%
- ASM.AS-27.84%
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% | 1337.60 | -3.42% | -10.20% | -18.26% | +45.69% | 28 |
| ARM ARM Holdings | 1.54% | 191.80 | -5.28% | -18.69% | -36.61% | +75.46% | 3 |
| NBIS Nebius Group | 1.54% | 141.52 | -6.67% | -22.39% | -43.36% | +69.07% | 0 |
| MTRS.ST Munters Group | 1.54% | 134.40 | -6.05% | -5.39% | +1.20% | -21.51% | 57 |
| VACN.SW VAT Group | 1.54% | 539.80 | -4.96% | -9.85% | -22.69% | +41.59% | 8 |
| BESI.AS BE Semiconductor | 1.54% | 152.00 | -2.63% | -5.91% | -20.85% | +14.36% | 13 |
| SMHN.DE SUSS MicroTec | 1.54% | 49.32 | -4.70% | -6.77% | -31.74% | +26.01% | 5 |
| ASM.AS ASM International | 1.54% | 683.60 | -5.06% | -11.63% | -27.84% | +32.07% | 7 |
| PATH UiPath | 1.54% | 13.51 | +2.89% | -4.79% | +3.13% | -17.57% | 62 |
| BNTX BioNTech | 1.54% | 90.70 | +4.35% | +3.08% | -5.25% | -4.73% | 48 |
| AIXA.DE AIXTRON | 1.54% | 32.08 | -6.25% | +1.94% | -18.58% | +85.38% | 25 |
| IFX.DE Infineon | 1.54% | 50.24 | -4.12% | -5.99% | -22.33% | +34.18% | 11 |
| ATS.VI AT&S | 1.54% | 130.60 | -5.36% | -15.74% | -42.47% | +305.59% | 2 |
| MYCR.ST Mycronic | 1.54% | 285.40 | -3.45% | -7.70% | -20.50% | +29.25% | 18 |
| HAG.DE Hensoldt | 1.54% | 81.44 | -1.67% | -5.35% | +3.22% | +10.95% | 64 |
| SU.PA Schneider Electric | 1.54% | 231.55 | -3.42% | -5.95% | -11.11% | -1.43% | 39 |
| REL.L RELX | 1.54% | 3058.00 | +3.59% | +5.78% | +18.94% | +1.26% | 90 |
| ETN Eaton | 1.54% | 353.08 | -9.86% | -10.13% | -20.67% | +11.20% | 15 |
| ENR.DE Siemens Energy | 1.54% | 119.46 | -7.95% | -10.36% | -18.98% | -0.36% | 21 |
| SAP.DE SAP | 1.54% | 214.30 | +3.70% | +1.47% | +13.63% | +4.60% | 79 |
| SIE.DE Siemens AG | 1.54% | 275.65 | +2.19% | +2.07% | -1.20% | +17.71% | 56 |
| ABBN.SW ABB | 1.54% | 70.46 | -2.81% | -3.32% | -14.68% | +20.74% | 30 |
| SAF.PA Safran | 1.54% | 292.50 | +2.63% | +7.58% | -11.20% | -1.65% | 38 |
| DSY.PA Dassault Systèmes | 1.54% | 25.84 | +3.44% | +9.58% | +20.13% | +8.39% | 95 |
| SHL.DE Siemens Healthineers | 1.54% | 44.85 | +3.46% | +5.31% | +17.81% | +2.24% | 87 |
| HO.PA Thales | 1.54% | 227.50 | -2.36% | -2.74% | +2.25% | -1.00% | 59 |
| WKL.AS Wolters Kluwer | 1.54% | 91.16 | +6.69% | +8.78% | +31.43% | +3.19% | 98 |
| CAP.PA Capgemini | 1.54% | 129.50 | +3.43% | +5.76% | +17.78% | -8.96% | 85 |
| RHM.DE Rheinmetall | 1.54% | 1003.40 | -0.14% | -0.85% | +5.29% | -35.72% | 70 |
| PHIA.AS Philips | 1.54% | 27.38 | +6.54% | +12.95% | +26.99% | +17.81% | 97 |
| STM STMicroelectronics | 1.54% | 45.60 | -6.06% | -6.02% | -22.34% | +76.29% | 10 |
| LR.PA Legrand | 1.54% | 127.70 | -4.56% | -3.62% | -13.95% | +0.35% | 31 |
| VWS.CO Vestas | 1.54% | 203.10 | +2.86% | +5.42% | +3.99% | +17.59% | 67 |
| PRY.MI Prysmian | 1.54% | 105.65 | -5.80% | -1.95% | -18.98% | +23.22% | 20 |
| ALFA.ST Alfa Laval | 1.54% | 543.00 | -0.07% | -1.59% | -5.89% | +18.55% | 46 |
| NEM.DE Nemetschek | 1.54% | 75.70 | +3.06% | +3.77% | +15.93% | -18.43% | 82 |
| KGX.DE Kion Group | 1.54% | 34.96 | +3.71% | +4.05% | -2.24% | -48.78% | 54 |
| NKT.CO NKT A/S | 1.54% | 834.00 | -1.71% | -2.51% | -6.50% | +4.45% | 43 |
| TEMN.SW Temenos | 1.54% | 79.70 | +3.71% | +6.20% | +19.31% | +0.13% | 93 |
| MELE.BR Melexis | 1.54% | 55.20 | -1.43% | -3.24% | -18.69% | -4.00% | 23 |
| TOM.OL Tomra Systems | 1.54% | 99.95 | +1.06% | +3.58% | +5.43% | -25.18% | 72 |
| COTN.SW Comet Holding | 1.54% | 340.20 | +1.13% | -4.87% | -10.76% | +51.45% | 41 |
| OXIG.L Oxford Instruments | 1.54% | 2538.00 | -2.31% | -4.59% | -18.44% | +23.80% | 26 |
| NOD.OL Nordic Semi | 1.54% | 181.00 | +1.12% | +1.17% | -3.10% | +35.78% | 51 |
| OVH.PA OVHcloud | 1.54% | 13.98 | +3.94% | +6.23% | -11.91% | +91.77% | 36 |
| KTN.VI Kontron AG | 1.54% | 20.00 | -2.44% | -2.25% | -5.93% | -12.13% | 44 |
| RR.L Rolls-Royce | 1.54% | 1262.80 | +0.17% | -0.02% | -12.20% | +10.29% | 34 |
| BAS.DE BASF | 1.54% | 54.30 | +1.80% | +2.76% | +6.30% | +27.65% | 74 |
| SGO.PA Saint-Gobain | 1.54% | 72.74 | +3.44% | +9.15% | +8.34% | -16.35% | 77 |
| EVK.DE Evonik | 1.54% | 21.36 | +1.62% | +0.47% | +2.79% | +59.88% | 61 |
| SY1.DE Symrise | 1.54% | 95.84 | +2.61% | +6.73% | +4.49% | +39.14% | 69 |
| SAN.PA Sanofi | 1.54% | 84.10 | +3.85% | +11.38% | +19.10% | +7.35% | 92 |
| AIR.PA Airbus | 1.54% | 200.10 | +3.51% | +4.26% | +6.44% | +2.72% | 75 |
| AFX.DE Carl Zeiss Meditec | 1.54% | 35.78 | +2.23% | +3.05% | +14.83% | -8.54% | 80 |
| SGE.L Sage Group | 1.54% | 1189.00 | +2.59% | +3.93% | +18.31% | +11.27% | 89 |
| INF.L Informa | 1.54% | 865.80 | +3.69% | +4.67% | -2.41% | -2.06% | 52 |
| YAR.OL Yara International | 1.54% | 391.20 | +0.90% | -0.84% | -4.89% | -5.51% | 49 |
| CEVI.ST CellaVision | 1.54% | 199.80 | +4.61% | +14.30% | +17.12% | +29.93% | 84 |
| TIETO.HE Tietoevry | 1.54% | 19.04 | +3.14% | +0.79% | +3.31% | +6.69% | 66 |
| P4O.DE Plan Optik | 1.54% | 7.84 | -0.76% | +1.82% | -12.30% | — | 33 |
| M7U.DE Nynomic | 1.54% | 22.30 | -3.04% | -10.08% | -20.64% | +126.63% | 16 |
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 2026-11-04: over 21 sessions the fund returned -6.60% while its median constituent returned -4.89% — a dispersion of 17.19 pp; 57% of 61 members beat the fund. Improving below the surface - the A/D line is rising while price is flat-to-down; more names participating than the headline shows.
How did EUROAI's members trade in the last session?
As of 2026-11-04: fund -1.23%, median member +0.90%, 32 advancers vs 29 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.