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 | +1.35% | +0.05 | -7pp | -1.62pp | Confirming ↑ |
| 1 month | -1.34% | -0.79 | +1pp | +0.03pp | Confirming ↓ |
| 1 quarter | +0.57% | +0.23 | -4pp | -0.78pp | Improving |
Over the last 126 sessions: price up +24.98%, breadth up (+3.26/name) · % beating 43→44 · median−ETF -1.27pp→-1.14pp.
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 2026-09-24.
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 | 7 (11%) | 15 (25%) | -8 |
| 1-Month | 1 (2%) | 7 (11%) | -6 |
| 3-Month | 0 (0%) | 1 (2%) | -1 |
| 6-Month | 0 (0%) | 1 (2%) | -1 |
| 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 | -1.84% | -1.68% | +0.16pp | 12 / 49 | 33 / 28 | 24 of 61 | ±2.28% |
| 5d | +1.35% | +0.29% | -1.06pp | 33 / 26 | 22 / 39 | 9 of 61 | ±5.17% |
| 21d | -1.34% | -2.59% | -1.24pp | 25 / 36 | 27 / 34 | 3 of 61 | ±10.87% |
| YTD | +33.97% | +14.88% | -19.10pp | 39 / 21 | 22 / 38 | 0 of 60 | ±79.44% |
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)
- NBIS+7.44%+0.11pp
- P4O.DE+4.12%+0.06pp
- AFX.DE+2.80%+0.04pp
- WKL.AS+1.96%+0.03pp
- SY1.DE+0.89%+0.01pp
- ARM-7.88%-0.12pp
- ATS.VI-4.88%-0.08pp
- M7U.DE-4.86%-0.07pp
- SMHN.DE-4.25%-0.07pp
- HAG.DE-4.16%-0.06pp
This month (21d)
- ATS.VI+41.30%+0.64pp
- P4O.DE+27.98%+0.43pp
- ARM+26.82%+0.41pp
- OVH.PA+22.86%+0.35pp
- NOD.OL+12.37%+0.19pp
- PATH-24.37%-0.38pp
- MTRS.ST-23.93%-0.37pp
- TOM.OL-16.70%-0.26pp
- SGO.PA-15.16%-0.23pp
- RHM.DE-13.07%-0.2pp
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)
- ATS.VI+41.30%
- P4O.DE+27.98%
- ARM+26.82%
- OVH.PA+22.86%
- NOD.OL+12.37%
- PATH-24.37%
- MTRS.ST-23.93%
- TOM.OL-16.70%
- SGO.PA-15.16%
- RHM.DE-13.07%
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% | 1503.20 | -0.83% | +6.01% | +0.37% | +63.72% | 61 |
| ARM ARM Holdings | 1.54% | 306.34 | -7.88% | +15.64% | +26.82% | +180.25% | 95 |
| NBIS Nebius Group | 1.54% | 243.48 | +7.44% | +11.69% | +9.69% | +190.88% | 90 |
| MTRS.ST Munters Group | 1.54% | 131.90 | -3.05% | -3.58% | -23.93% | -22.97% | 2 |
| VACN.SW VAT Group | 1.54% | 645.40 | -2.51% | +8.47% | +6.08% | +69.29% | 87 |
| BESI.AS BE Semiconductor | 1.54% | 187.40 | -1.11% | +3.25% | -2.45% | +41.00% | 52 |
| SMHN.DE SUSS MicroTec | 1.54% | 68.65 | -4.25% | +1.33% | -0.79% | +75.40% | 57 |
| ASM.AS ASM International | 1.54% | 833.20 | -2.14% | +5.36% | +1.29% | +60.97% | 74 |
| PATH UiPath | 1.54% | 12.60 | -3.37% | -8.43% | -24.37% | -23.12% | 0 |
| BNTX BioNTech | 1.54% | 99.26 | +0.81% | +0.61% | -12.97% | +4.26% | 8 |
| AIXA.DE AIXTRON | 1.54% | 35.08 | -2.53% | +2.69% | -4.60% | +102.72% | 33 |
| IFX.DE Infineon | 1.54% | 56.26 | -3.94% | +3.42% | +1.94% | +50.26% | 77 |
| ATS.VI AT&S | 1.54% | 195.00 | -4.88% | +16.63% | +41.30% | +505.59% | 98 |
| MYCR.ST Mycronic | 1.54% | 331.00 | -2.76% | +4.09% | +0.18% | +49.90% | 59 |
| HAG.DE Hensoldt | 1.54% | 76.00 | -4.16% | -2.16% | -12.90% | +3.54% | 10 |
| SU.PA Schneider Electric | 1.54% | 289.80 | -1.21% | +0.94% | -3.14% | +23.37% | 41 |
| REL.L RELX | 1.54% | 2525.00 | +0.56% | -1.75% | -3.55% | -16.39% | 39 |
| ETN Eaton | 1.54% | 440.00 | +0.28% | +7.46% | +7.53% | +38.57% | 89 |
| ENR.DE Siemens Energy | 1.54% | 142.10 | -1.69% | +0.21% | -5.96% | +18.53% | 25 |
| SAP.DE SAP | 1.54% | 184.18 | -1.22% | -2.03% | +2.31% | -10.10% | 82 |
| SIE.DE Siemens AG | 1.54% | 274.80 | +0.31% | +3.08% | -4.62% | +17.35% | 31 |
| ABBN.SW ABB | 1.54% | 80.50 | -2.33% | +1.23% | +1.00% | +37.95% | 67 |
| SAF.PA Safran | 1.54% | 334.30 | -0.51% | +0.81% | -4.59% | +12.41% | 34 |
| DSY.PA Dassault Systèmes | 1.54% | 21.17 | -0.19% | +2.87% | -6.08% | -11.20% | 23 |
| SHL.DE Siemens Healthineers | 1.54% | 37.21 | +0.03% | -3.15% | -5.22% | -15.17% | 30 |
| HO.PA Thales | 1.54% | 232.20 | -2.72% | -2.56% | -7.05% | +1.04% | 21 |
| WKL.AS Wolters Kluwer | 1.54% | 68.82 | +1.96% | -1.80% | +1.12% | -22.10% | 72 |
| CAP.PA Capgemini | 1.54% | 103.75 | -2.21% | -3.13% | -2.58% | -27.07% | 51 |
| RHM.DE Rheinmetall | 1.54% | 990.00 | -3.41% | -2.58% | -13.07% | -36.58% | 7 |
| PHIA.AS Philips | 1.54% | 21.46 | -0.79% | -0.37% | -7.26% | -7.66% | 18 |
| STM STMicroelectronics | 1.54% | 51.58 | -1.68% | +6.30% | +4.29% | +99.41% | 85 |
| LR.PA Legrand | 1.54% | 134.60 | -2.57% | -1.25% | -2.00% | +5.78% | 54 |
| VWS.CO Vestas | 1.54% | 200.10 | -3.33% | -4.85% | -3.71% | +15.85% | 38 |
| PRY.MI Prysmian | 1.54% | 122.30 | -3.89% | +0.53% | +1.07% | +42.64% | 70 |
| ALFA.ST Alfa Laval | 1.54% | 559.60 | -0.18% | +0.65% | -3.05% | +22.17% | 43 |
| NEM.DE Nemetschek | 1.54% | 61.35 | -1.76% | +0.00% | -5.62% | -33.89% | 26 |
| KGX.DE Kion Group | 1.54% | 39.26 | -3.80% | -6.01% | -11.04% | -42.48% | 11 |
| NKT.CO NKT A/S | 1.54% | 909.50 | -2.78% | -2.36% | -0.82% | +13.90% | 56 |
| TEMN.SW Temenos | 1.54% | 67.10 | -2.26% | +0.00% | -10.47% | -15.70% | 13 |
| MELE.BR Melexis | 1.54% | 66.70 | -2.84% | +1.91% | +2.30% | +16.00% | 80 |
| TOM.OL Tomra Systems | 1.54% | 91.05 | +0.11% | -0.71% | -16.70% | -31.84% | 3 |
| COTN.SW Comet Holding | 1.54% | 347.40 | -2.85% | +3.70% | +0.75% | +54.65% | 64 |
| OXIG.L Oxford Instruments | 1.54% | 2872.00 | -1.44% | +4.36% | +2.35% | +40.10% | 84 |
| NOD.OL Nordic Semi | 1.54% | 185.30 | -0.75% | +4.10% | +12.37% | +39.01% | 92 |
| OVH.PA OVHcloud | 1.54% | 17.09 | -3.56% | -3.39% | +22.86% | +134.43% | 93 |
| KTN.VI Kontron AG | 1.54% | 20.50 | -2.19% | +0.29% | -7.07% | -9.93% | 20 |
| RR.L Rolls-Royce | 1.54% | 1484.00 | -1.28% | +0.28% | -3.01% | +29.61% | 46 |
| BAS.DE BASF | 1.54% | 52.30 | +0.23% | -0.13% | +1.00% | +22.95% | 69 |
| SGO.PA Saint-Gobain | 1.54% | 69.82 | -1.16% | -0.74% | -15.16% | -19.71% | 5 |
| EVK.DE Evonik | 1.54% | 18.07 | -0.33% | +2.96% | -2.59% | +35.25% | 49 |
| SY1.DE Symrise | 1.54% | 93.24 | +0.89% | +3.49% | +0.54% | +35.37% | 62 |
| SAN.PA Sanofi | 1.54% | 72.10 | -1.38% | -4.20% | -7.91% | -7.97% | 16 |
| AIR.PA Airbus | 1.54% | 194.38 | -0.33% | -0.57% | -5.57% | -0.22% | 28 |
| AFX.DE Carl Zeiss Meditec | 1.54% | 31.54 | +2.80% | +8.68% | +0.83% | -19.38% | 66 |
| SGE.L Sage Group | 1.54% | 990.00 | -1.00% | -4.26% | -10.37% | -7.35% | 15 |
| INF.L Informa | 1.54% | 871.40 | -1.98% | -2.42% | -3.03% | -1.43% | 44 |
| YAR.OL Yara International | 1.54% | 443.20 | -2.93% | -3.80% | -2.91% | +7.05% | 48 |
| CEVI.ST CellaVision | 1.54% | 166.40 | -0.95% | +0.85% | +1.46% | +8.21% | 75 |
| TIETO.HE Tietoevry | 1.54% | 18.45 | -0.54% | -0.78% | -4.35% | +3.39% | 36 |
| P4O.DE Plan Optik | 1.54% | 8.60 | +4.12% | +18.46% | +27.98% | — | 97 |
| M7U.DE Nynomic | 1.54% | 23.50 | -4.86% | -1.26% | +2.17% | +138.82% | 79 |
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 2026-09-24: over 21 sessions the fund returned -1.34% while its median constituent returned -2.59% — a dispersion of 10.87 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 2026-09-24: fund -1.84%, median member -1.68%, 12 advancers vs 49 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.