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Constituent dispersion · breadth vs the index

EUROAI — Euro-AI Sovereign 50 (EW)

61/65 covered · 94% by weight · benchmark: EUROAI price · closes through 2026-07-24 ·holdings as of 2026-07-24

Concentration 8.2% in top 5 60.98 effective names · HHI 164
RS vs S&P 500 21d -7.81pp sector return − SPY
RS vs Nasdaq-100 21d -3.32pp sector return − QQQ
Broad decline - breadth is falling with price. Last 21 sessions — price -7.03% · A/D -66 (-1.08/name)
EUROAI price
Cumulative advance / decline of constituents — rises when more names are up than down; turns before price at inflections

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.

HorizonPriceA/D /name% beating ΔMedian−ETF ΔRead
1 week -4.01% -0.3 +7pp +2.11pp Confirming ↓
1 month -7.03% -1.08 +20pp +6.51pp Confirming ↓
1 quarter +4.59% -0.13 +30pp +10.42pp Weakening

Over the last 126 sessions: price up +15.84%, breadth up (+1.98/name) · % beating 44→68 · median−ETF -2.97pp→+5.79pp.

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 2026-07-24.

5-day 42.62% 26/61 above
20-day 37.7% 23/61 above
50-day 39.34% 24/61 above
100-day 52.46% 32/61 above
150-day 57.38% 35/61 above
200-day 60.66% 37/61 above
% of constituents above their 50-day average — breadth over the last year; 50% is the participation midpoint

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.

HorizonNew highsNew lowsNet
5-Day 14 (23%) 13 (21%) +1
1-Month 4 (7%) 9 (15%) -5
3-Month 0 (0%) 3 (5%) -3
6-Month 0 (0%) 0 (0%) +0
52-Week 0 (0%) 0 (0%) +0
YTD 0 (0%) 0 (0%) +0

Dispersion by window

WindowETFMedianMedian − ETF Up / DownBeat / Lag±1% bandDispersion
1d -4.35% -0.22% +4.13pp 30 / 31 57 / 4 2 of 61 ±3.72%
5d -4.01% +0.05% +4.06pp 31 / 30 54 / 7 2 of 61 ±4.57%
21d -7.03% -1.15% +5.88pp 26 / 35 41 / 20 3 of 61 ±11.32%
YTD +24.08% +11.11% -12.97pp 40 / 20 23 / 37 1 of 60 ±65.33%

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)

  • SAP.DE+9.26%+0.14pp
  • DSY.PA+7.90%+0.12pp
  • PATH+6.27%+0.1pp
  • NEM.DE+6.03%+0.09pp
  • REL.L+4.77%+0.07pp
  • NBIS-15.02%-0.23pp
  • ARM-8.14%-0.13pp
  • M7U.DE-6.97%-0.11pp
  • ATS.VI-5.82%-0.09pp
  • STM-3.65%-0.06pp

This month (21d)

  • HAG.DE+24.03%+0.37pp
  • DSY.PA+13.02%+0.2pp
  • OVH.PA+11.94%+0.18pp
  • WKL.AS+11.90%+0.18pp
  • MYCR.ST+10.87%+0.17pp
  • STM-28.26%-0.44pp
  • NBIS-27.69%-0.43pp
  • ARM-27.59%-0.42pp
  • AIXA.DE-23.98%-0.37pp
  • BESI.AS-21.48%-0.33pp

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)

  • HAG.DE+24.03%
  • DSY.PA+13.02%
  • OVH.PA+11.94%
  • WKL.AS+11.90%
  • MYCR.ST+10.87%
  • STM-28.26%
  • NBIS-27.69%
  • ARM-27.59%
  • AIXA.DE-23.98%
  • BESI.AS-21.48%

EUROAI — constituent leadership race

$100 in each covered EUROAI constituent at 2026-01-06, rebased to 100. Watch leadership change hands.

0%

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% 1563.00 -1.03% +1.69% -1.94% +70.24% 44
ARM ARM Holdings 1.54% 260.01 -8.14% -2.69% -27.59% +137.86% 3
NBIS Nebius Group 1.54% 187.77 -15.02% +5.66% -27.69% +124.32% 2
MTRS.ST Munters Group 1.54% 179.60 -0.22% -0.88% +4.45% +4.89% 72
VACN.SW VAT Group 1.54% 650.60 +0.46% -2.34% -4.52% +70.66% 36
BESI.AS BE Semiconductor 1.54% 227.00 -1.26% +0.67% -21.48% +70.79% 7
SMHN.DE SUSS MicroTec 1.54% 79.15 -0.81% -0.19% -18.86% +102.22% 13
ASM.AS ASM International 1.54% 859.40 -1.63% -1.15% -13.28% +66.04% 18
PATH UiPath 1.54% 10.84 +6.27% -10.78% +5.14% -33.86% 75
BNTX BioNTech 1.54% 89.33 -2.97% -2.35% -0.98% -6.17% 51
AIXA.DE AIXTRON 1.54% 40.23 -0.27% +1.95% -23.98% +132.48% 5
IFX.DE Infineon 1.54% 64.41 -1.65% +1.18% -21.46% +72.03% 8
ATS.VI AT&S 1.54% 158.60 -5.82% -2.10% -20.70% +392.55% 11
MYCR.ST Mycronic 1.54% 342.80 -1.38% -0.46% +10.87% +55.24% 92
HAG.DE Hensoldt 1.54% 79.80 +0.86% +4.56% +24.03% +8.72% 98
SU.PA Schneider Electric 1.54% 267.95 +0.96% +2.10% -4.15% +14.07% 38
REL.L RELX 1.54% 2568.00 +4.77% +2.88% +8.40% -14.97% 87
ETN Eaton 1.54% 404.07 -2.66% +1.02% -0.13% +27.26% 54
ENR.DE Siemens Energy 1.54% 151.34 +0.58% +2.49% -7.41% +26.23% 31
SAP.DE SAP 1.54% 140.20 +9.26% +1.65% +5.99% -31.57% 79
SIE.DE Siemens AG 1.54% 272.25 +1.51% +2.91% -0.06% +16.26% 56
ABBN.SW ABB 1.54% 80.00 +0.18% +1.01% -7.75% +37.09% 30
SAF.PA Safran 1.54% 329.80 +2.61% +0.09% -4.04% +10.89% 39
DSY.PA Dassault Systèmes 1.54% 19.88 +7.90% +11.15% +13.02% -16.61% 97
SHL.DE Siemens Healthineers 1.54% 35.06 +3.03% -0.17% +1.92% -20.07% 66
HO.PA Thales 1.54% 236.40 -0.80% +5.96% +8.24% +2.87% 85
WKL.AS Wolters Kluwer 1.54% 62.46 +4.52% +1.10% +11.90% -29.30% 93
CAP.PA Capgemini 1.54% 89.88 +4.44% -1.58% +1.56% -36.82% 61
RHM.DE Rheinmetall 1.54% 1037.60 +2.03% +5.43% +9.59% -33.53% 89
PHIA.AS Philips 1.54% 23.16 +0.74% -2.11% -3.22% -0.34% 41
STM STMicroelectronics 1.54% 51.54 -3.65% -16.95% -28.26% +99.26% 0
LR.PA Legrand 1.54% 134.30 -0.48% -0.81% -9.04% +5.54% 25
VWS.CO Vestas 1.54% 173.55 -1.64% -2.17% +2.00% +0.48% 67
PRY.MI Prysmian 1.54% 126.10 -1.68% -3.96% -14.74% +47.07% 16
ALFA.ST Alfa Laval 1.54% 574.60 -0.38% +2.68% +1.88% +25.44% 64
NEM.DE Nemetschek 1.54% 57.15 +6.03% +2.51% +9.80% -38.42% 90
KGX.DE Kion Group 1.54% 40.55 +1.60% -0.81% +2.61% -40.59% 69
NKT.CO NKT A/S 1.54% 889.00 -0.89% -1.71% -8.87% +11.33% 26
TEMN.SW Temenos 1.54% 61.80 +0.82% -9.58% -4.56% -22.36% 34
MELE.BR Melexis 1.54% 70.65 -2.35% +1.00% -10.68% +22.87% 21
TOM.OL Tomra Systems 1.54% 100.40 -1.38% -8.98% +5.13% -24.84% 74
COTN.SW Comet Holding 1.54% 355.80 -0.89% +1.08% -8.44% +58.39% 28
OXIG.L Oxford Instruments 1.54% 2992.00 -0.93% +5.65% +1.84% +45.95% 62
NOD.OL Nordic Semi 1.54% 158.40 -3.41% -0.88% -11.66% +18.83% 20
OVH.PA OVHcloud 1.54% 15.00 +2.74% +11.36% +11.94% +105.76% 95
KTN.VI Kontron AG 1.54% 22.82 -0.35% -0.52% -1.98% +0.26% 43
RR.L Rolls-Royce 1.54% 1415.60 +4.16% +3.66% -1.15% +23.64% 49
BAS.DE BASF 1.54% 48.57 -0.61% +0.05% +0.61% +14.18% 57
SGO.PA Saint-Gobain 1.54% 74.16 +1.81% -2.40% -9.30% -14.72% 23
EVK.DE Evonik 1.54% 17.10 +0.47% +0.88% +7.34% +27.99% 82
SY1.DE Symrise 1.54% 86.90 +1.54% -1.96% -1.74% +26.16% 46
SAN.PA Sanofi 1.54% 76.03 -0.43% -1.69% +3.08% -2.95% 70
AIR.PA Airbus 1.54% 206.05 +0.76% +6.04% +5.62% +5.77% 77
AFX.DE Carl Zeiss Meditec 1.54% 27.80 +1.68% -5.12% -0.71% -28.94% 52
SGE.L Sage Group 1.54% 858.20 +4.45% +1.49% +7.79% -19.69% 84
INF.L Informa 1.54% 881.00 +3.07% -0.41% -1.32% -0.34% 48
YAR.OL Yara International 1.54% 456.10 -1.32% +1.06% +6.07% +10.17% 80
CEVI.ST CellaVision 1.54% 140.00 +0.72% -4.89% +0.86% -8.96% 59
TIETO.HE Tietoevry 1.54% 17.88 +2.58% +3.17% -6.19% +0.19% 33
P4O.DE Plan Optik 1.54% 7.60 -1.55% -5.47% -20.83% 10
M7U.DE Nynomic 1.54% 15.35 -6.97% -1.92% -15.19% +56.00% 15

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.