Constituent dispersion · breadth vs the index
EXI — Global Industrials
Concentration 19.15% in top 5 60.61 effective names · HHI 165
RS vs S&P 500 21d +2.39pp sector return − SPY
RS vs Nasdaq-100 21d +11.31pp sector return − QQQ
Improving below the surface - the A/D line is rising while price is flat-to-down; more names participating than the headline shows. Last 21 sessions — price -3.3% · A/D +409 (+2.99/name)
EXI 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.
| Horizon | Price | A/D /name | % beating Δ | Median−ETF Δ | Read |
|---|---|---|---|---|---|
| 1 week | -4.12% | +0.15 | +10pp | +3.42pp | Improving |
| 1 month | -3.30% | +2.99 | +20pp | +7.80pp | Improving |
| 1 quarter | -11.20% | -1.77 | +21pp | +8.02pp | Confirming ↓ |
Over the last 126 sessions: price down -7.59%, breadth up (+1.15/name) · % beating 44→72 · median−ETF -1.08pp→+8.18pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -3.94% | -1.84% | +2.11pp | 35 / 102 | 97 / 40 | 31 of 137 | ±3.29% |
| 5d | -4.12% | +0.50% | +4.63pp | 72 / 65 | 103 / 34 | 16 of 137 | ±7.57% |
| 21d | -3.30% | +4.88% | +8.18pp | 89 / 47 | 99 / 38 | 4 of 137 | ±14.53% |
| YTD | +3.95% | +6.77% | +2.83pp | 88 / 49 | 75 / 62 | 8 of 137 | ±18.45% |
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)
- VRSK+6.88%+0.02pp
- ADP+1.19%+0.01pp
- WM+1.17%+0.01pp
- SGO.PA+2.34%+0.01pp
- RSG+1.63%+0.01pp
- CAT-6.37%-0.26pp
- GEV-7.48%-0.22pp
- VRT-14.02%-0.18pp
- GE-4.47%-0.15pp
- PWR-12.30%-0.14pp
This month (21d)
- ENR+13.60%+0.2pp
- LMT+15.41%+0.17pp
- RTX+6.45%+0.16pp
- UPS+20.32%+0.15pp
- ADP+16.34%+0.15pp
- CAT-31.97%-1.32pp
- GEV-22.72%-0.66pp
- ETN-24.18%-0.37pp
- VRT-28.30%-0.36pp
- PWR-27.39%-0.3pp
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)
- EFX+36.09%
- PNR+33.68%
- SWK+30.53%
- WKL.AS+30.35%
- DSV.CO+27.96%
- FIX-44.59%
- CAT-31.97%
- VRT-28.30%
- PWR-27.39%
- ETN-24.18%
EXI — constituent leadership race
$100 in each covered EXI constituent at 2025-12-30, 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 — 137 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CAT Caterpillar Inc | 4.13% | 553.64 | -6.37% | -14.48% | -31.97% | -2.95% | 1 |
| GE GE Aerospace | 3.25% | 314.73 | -4.47% | +0.54% | +3.66% | +2.32% | 45 |
| GEV GE Vernova Inc | 2.89% | 770.51 | -7.48% | -13.22% | -22.72% | +18.05% | 5 |
| RTX Rtx Corp | 2.42% | 191.88 | -3.30% | -3.77% | +6.45% | +4.97% | 53 |
| SIE.XETRA SIEMENS N AG | 2.31% | 273.25 | -0.87% | -0.18% | +0.76% | +16.69% | 38 |
| BA Boeing Company | 1.77% | 172.50 | -2.54% | -0.09% | -8.40% | -20.55% | 19 |
| SU Suncor Energy Inc | 1.70% | 227.85 | -1.60% | -7.98% | -10.49% | -3.00% | 14 |
| ABBN.SW ABB LTD | 1.65% | 67.50 | -4.20% | -7.69% | -15.50% | +15.67% | 9 |
| UNP Union Pacific Corp | 1.61% | 297.95 | -3.43% | -1.32% | +8.47% | +30.15% | 58 |
| UBER UBER Technologies Inc | 1.55% | 68.78 | -1.56% | +4.62% | +0.48% | -15.82% | 36 |
| ETN Eaton Corp | 1.52% | 327.02 | -7.38% | -16.94% | -24.18% | +2.99% | 3 |
| ENR Energizer Holdings Inc | 1.49% | 24.47 | -2.86% | +5.70% | +13.60% | +28.73% | 71 |
| HON Honeywell International | 1.46% | 215.78 | -5.55% | -2.86% | +3.69% | +6.89% | 46 |
| RR.LSE ROLLS-ROYCE HOLDINGS PLC | 1.40% | 1239.60 | -1.84% | -3.16% | -11.73% | +8.27% | 12 |
| DE Deere & Company | 1.38% | 663.31 | -1.95% | +0.50% | +0.98% | +42.89% | 39 |
| VRT Vertiv Holdings Llc. | 1.27% | 176.73 | -14.02% | -28.14% | -28.30% | +9.11% | 1 |
| AIR AAR Corp | 1.22% | 104.48 | -3.91% | -0.04% | +4.88% | +26.20% | 50 |
| PH Parker-Hannifin Corp | 1.12% | 892.29 | -1.97% | -3.89% | -6.35% | +1.94% | 22 |
| PWR Quanta Services | 1.10% | 509.06 | -12.30% | -19.86% | -27.39% | +20.67% | 2 |
| LMT Lockheed Martin Corp | 1.09% | 576.16 | -3.17% | -10.48% | +15.41% | +19.75% | 75 |
| HWM Howmet Aerospace Inc | 1.07% | 200.90 | -5.93% | -2.45% | -9.81% | -1.91% | 16 |
| TT Trane Technologies Plc | 1.02% | 392.43 | -4.40% | -8.97% | -16.02% | +1.30% | 7 |
| ADP Automatic Data Processing | 0.91% | 307.14 | +1.19% | +7.36% | +16.34% | +20.39% | 80 |
| CMI Cummins Inc | 0.91% | 448.58 | -4.93% | -13.41% | -13.29% | -11.55% | 11 |
| GD General Dynamics Corp | 0.88% | 356.35 | -2.34% | -3.90% | +9.63% | +6.77% | 62 |
| CSX CSX Corp | 0.88% | 50.83 | -2.34% | -2.70% | +8.59% | +40.68% | 59 |
| FDX Fedex Corp | 0.86% | 316.80 | -3.83% | +2.92% | +9.60% | +10.12% | 61 |
| JCI Johnson Controls Intl | 0.85% | 131.46 | -6.45% | -16.94% | -15.69% | +10.12% | 7 |
| WM Waste Management | 0.83% | 241.27 | +1.17% | +4.49% | +15.47% | +10.73% | 76 |
| MMM 3M Company | 0.82% | 187.77 | -3.19% | +5.87% | +15.82% | +17.81% | 78 |
| BA BAE SYSTEMS PLC | 0.81% | 172.50 | -2.54% | -0.09% | -8.40% | -20.55% | 19 |
| CP Canadian Pacific Kansas City Ltd | 0.80% | 93.76 | -0.69% | +6.10% | +12.11% | +27.88% | 69 |
| EMR Emerson Electric Company | 0.78% | 162.61 | -4.59% | -4.76% | +2.13% | +23.49% | 41 |
| NOC Northrop Grumman Corp | 0.75% | 525.25 | -0.02% | -6.60% | +10.94% | -7.59% | 66 |
| UPS United Parcel Service | 0.75% | 111.04 | -2.86% | +3.46% | +20.32% | +13.51% | 86 |
| DG Dollar General Corp | 0.73% | 138.00 | -2.57% | +6.08% | +12.99% | +4.88% | 70 |
| NSC Norfolk Southern Corp | 0.72% | 329.25 | -4.33% | -3.78% | +5.12% | +15.04% | 50 |
| TDG Transdigm Group Inc | 0.70% | 1189.19 | -2.28% | +1.13% | +8.48% | -10.58% | 58 |
| ITW Illinois Tool Works | 0.67% | 285.41 | -2.74% | +1.43% | +9.29% | +16.61% | 60 |
| FIX Comfort Systems USA | 0.66% | 964.94 | -11.58% | -27.24% | -44.59% | +3.49% | 0 |
| CNR Core Natural Resources Inc | 0.64% | 75.21 | -6.25% | -13.70% | -15.37% | -14.75% | 9 |
| REL.LSE RELX PLC | 0.62% | 3084.00 | +0.85% | +5.80% | +18.66% | +4.02% | 83 |
| URI United Rentals | 0.60% | 1043.78 | -7.12% | -12.92% | +0.61% | +29.53% | 37 |
| CTAS Cintas Corp | 0.60% | 226.41 | -1.14% | +3.82% | +14.82% | +20.66% | 72 |
| PCAR Paccar Inc | 0.59% | 104.50 | -1.56% | +2.16% | -2.21% | -4.03% | 30 |
| LHX L3Harris Technologies | 0.59% | 258.11 | -0.63% | -7.30% | +10.48% | -11.77% | 65 |
| GWW W.W. Grainger | 0.56% | 1451.39 | -2.55% | +5.80% | +14.87% | +44.40% | 73 |
| AME Ametek Inc | 0.53% | 222.99 | -5.95% | -11.43% | -10.31% | +8.78% | 15 |
| FAST Fastenal Company | 0.51% | 52.90 | -0.58% | +0.67% | +6.16% | +33.26% | 53 |
| ROK Rockwell Automation Inc | 0.51% | 381.05 | -14.15% | -15.58% | -13.77% | -1.42% | 10 |
| DAL Delta Air Lines Inc | 0.51% | 85.36 | -4.35% | +4.56% | +3.17% | +23.66% | 43 |
| CARR Carrier Global Corp | 0.50% | 53.21 | -4.40% | -4.20% | -3.25% | +1.49% | 28 |
| ATCO-A.ST ATLAS COPCO CLASS A | 0.48% | 185.25 | -0.35% | -1.65% | -10.38% | +13.18% | 15 |
| DSV.CO DSV | 0.48% | 1455.50 | -0.41% | +3.89% | +27.96% | -9.48% | 96 |
| LR.PA LEGRAND SA | 0.47% | 127.55 | -0.12% | -5.24% | -9.64% | +0.24% | 17 |
| WAB Wabtec Corp | 0.45% | 278.48 | -5.59% | -2.48% | -1.40% | +30.78% | 33 |
| RSG Republic Services | 0.43% | 249.42 | +1.63% | +5.56% | +15.38% | +18.37% | 74 |
| WCN Waste Connections Inc | 0.41% | 191.66 | +0.12% | +5.54% | +23.52% | +9.77% | 93 |
| SGO.PA COMPAGNIE DE SAINT GOBAIN SA | 0.40% | 74.44 | +2.34% | +9.18% | +14.95% | -14.40% | 74 |
| ODFL Old Dominion Freight Line | 0.39% | 170.56 | -4.92% | -1.04% | -2.88% | +8.93% | 28 |
| EME Emcor Group | 0.39% | 595.32 | -6.87% | -13.64% | -24.09% | -2.59% | 4 |
| ASSA-B.ST ASSA ABLOY B | 0.37% | 401.80 | +0.78% | +3.88% | +18.18% | +12.95% | 82 |
| FER Ferrovial N.V. | 0.33% | 59.23 | +0.47% | +4.06% | +17.06% | -8.33% | 81 |
| EXPN.LSE EXPERIAN PLC | 0.33% | 3132.00 | +1.20% | +6.89% | +23.16% | -6.44% | 93 |
| UAL United Airlines Holdings | 0.33% | 110.49 | -4.55% | +5.02% | +0.29% | -1.19% | 36 |
| VWS.CO VESTAS WIND SYSTEMS | 0.32% | 205.20 | +1.03% | +6.71% | +9.56% | +18.80% | 61 |
| AXON Axon Enterprise | 0.31% | 382.56 | -9.81% | -12.67% | -5.77% | -32.64% | 23 |
| CPRT Copart Inc | 0.31% | 32.48 | -0.43% | +9.92% | +22.01% | -17.04% | 91 |
| PAYX Paychex Inc | 0.31% | 119.50 | +0.67% | +9.26% | +17.68% | +7.63% | 82 |
| ACS.MC ACS ACTIVIDADES DE CONSTRUCCION Y | 0.31% | 84.95 | -3.03% | -7.81% | -8.61% | +0.61% | 18 |
| OTIS Otis Worldwide Corp | 0.29% | 79.49 | -0.38% | +6.54% | +20.92% | -8.03% | 88 |
| DOV Dover Corp | 0.29% | 202.56 | -4.75% | -3.71% | +7.58% | +4.24% | 56 |
| XYL Xylem Inc | 0.27% | 100.05 | -0.99% | +10.24% | -1.74% | -26.28% | 31 |
| ATCO-B.ST ATLAS COPCO CLASS B | 0.27% | 161.10 | +0.22% | -1.89% | -10.65% | +8.82% | 13 |
| IR Ingersoll Rand Inc | 0.26% | 81.85 | -2.77% | +2.30% | +5.97% | +3.37% | 52 |
| HUBB Hubbell Inc B | 0.25% | 418.79 | -4.44% | -4.44% | -11.91% | -5.16% | 12 |
| HO.PA THALES SA | 0.25% | 224.60 | -1.27% | -5.79% | +3.79% | -2.26% | 47 |
| VRSK Verisk Analytics Inc | 0.24% | 211.47 | +6.88% | +10.89% | +25.37% | -5.22% | 94 |
| KNEBV.HE KONE | 0.23% | 58.98 | +1.10% | +8.26% | +12.64% | +0.40% | 69 |
| DTG Dte Energy Company 2021 Sr E | 0.23% | 15.18 | -1.17% | +2.02% | +0.20% | -7.20% | 35 |
| VLTO Veralto Corporation | 0.22% | 116.55 | -0.40% | +12.00% | +21.75% | +16.98% | 90 |
| CHRW C.H. Robinson Ww | 0.22% | 128.31 | -4.13% | +0.69% | -5.08% | -19.64% | 26 |
| EXPD Expeditors Intl | 0.22% | 188.87 | -4.46% | -4.80% | -1.04% | +27.40% | 34 |
| GEBN.SW GEBERIT AG | 0.21% | 590.80 | +0.89% | +2.61% | +11.94% | -2.32% | 68 |
| AENA.MC AENA SME SA | 0.21% | 28.32 | +0.50% | +3.96% | +11.67% | +23.08% | 67 |
| VACN.SW VAT GROUP AG | 0.21% | 521.20 | -3.45% | -12.93% | -23.60% | +36.71% | 4 |
| LUV Southwest Airlines Company | 0.20% | 44.44 | -4.27% | +1.74% | +6.52% | +7.99% | 54 |
| EFX Equifax Inc | 0.20% | 193.84 | +0.85% | +8.06% | +36.09% | -10.11% | 99 |
| JBHT J B Hunt Transport | 0.20% | 218.99 | -3.55% | -1.38% | -1.64% | +13.12% | 31 |
| WRT1V.HE WARTSILA | 0.20% | 24.94 | -1.73% | -6.03% | -15.60% | -16.67% | 8 |
| SNA Snap-On Inc | 0.19% | 366.44 | -0.61% | +2.19% | +1.82% | +7.75% | 39 |
| SGSN.SW SGS SA | 0.19% | 103.60 | -0.43% | +0.19% | +10.35% | +18.44% | 64 |
| FTV Fortive Corp | 0.19% | 65.42 | -4.27% | -0.64% | +15.75% | +18.62% | 77 |
| MTX Minerals Technologies Inc | 0.18% | 62.59 | -4.73% | +1.43% | -3.87% | +3.19% | 27 |
| BR Broadridge Financial Solutions | 0.18% | 193.92 | +2.45% | +8.86% | +21.10% | -12.63% | 88 |
| EPI-A.ST EPIROC CLASS A | 0.18% | 242.10 | -0.49% | -2.26% | -6.70% | +15.34% | 21 |
| WKL.AS WOLTERS KLUWER NV | 0.17% | 92.42 | +1.38% | +9.11% | +30.35% | +4.62% | 97 |
| LDOS Leidos Holdings Inc | 0.16% | 135.81 | +0.10% | -3.69% | +19.60% | -24.53% | 85 |
| ROL Rollins Inc | 0.16% | 38.76 | +0.99% | +11.73% | +25.56% | -35.01% | 95 |
| TXT Textron Inc | 0.16% | 85.23 | -1.64% | -2.55% | +16.71% | -2.20% | 80 |
| IEX Idex Corp | 0.16% | 222.60 | -4.75% | -6.99% | -4.43% | +26.00% | 26 |
| NDSN Nordson Corp | 0.16% | 310.49 | -6.11% | -5.65% | -5.25% | +29.54% | 25 |
| LII Lennox International | 0.16% | 348.79 | -2.83% | +0.19% | -2.69% | -27.96% | 29 |
| KOG.OL KONGSBERG GRUPPEN | 0.15% | 339.40 | -4.18% | -3.77% | +14.82% | +31.95% | 72 |
| RTO Rentokil Initial Plc ADR | 0.15% | 359.20 | +0.11% | +3.52% | +20.58% | -18.74% | 87 |
| GNRC Generac Holdings Inc | 0.15% | 172.33 | -8.97% | -15.26% | -22.14% | +26.37% | 6 |
| RYA.IR RYANAIR HOLDINGS PLC | 0.15% | 24.98 | -1.38% | +8.75% | +4.17% | -14.89% | 47 |
| MAS Masco Corp | 0.14% | 83.83 | -3.44% | +4.55% | +21.72% | +33.30% | 89 |
| J Jacobs Engineering Group | 0.14% | 147.54 | -7.85% | -3.42% | +8.21% | +12.03% | 57 |
| KRX.IR KINGSPAN GROUP PLC | 0.13% | 93.40 | +0.70% | -3.16% | -6.22% | +26.43% | 23 |
| DPLM.LSE DIPLOMA PLC | 0.13% | 7000.00 | -0.64% | -4.18% | -9.09% | +33.63% | 18 |
| METSO.HE METSO CORPORATION | 0.13% | 17.09 | +0.53% | -1.33% | +2.46% | +15.63% | 42 |
| HII Huntington Ingalls Industries | 0.13% | 289.41 | -4.80% | -8.48% | +11.03% | -14.26% | 66 |
| PNR Pentair Ltd | 0.12% | 69.77 | -3.14% | +5.97% | +33.68% | -32.63% | 99 |
| SWK Stanley Black & Decker | 0.12% | 115.27 | -2.59% | +11.25% | +30.53% | +56.91% | 98 |
| KNIN.SW KUEHNE UND NAGEL INTERNATIONAL AG | 0.12% | 245.20 | +0.49% | +3.59% | +9.76% | +48.21% | 63 |
| TRI Thomson Reuters Corp | 0.12% | 118.11 | +0.75% | +1.51% | +18.97% | -8.45% | 84 |
| ALLE Allegion Plc | 0.12% | 187.14 | -2.88% | +0.04% | +26.52% | +17.98% | 96 |
| BVI.PA BUREAU VERITAS SA | 0.11% | 30.22 | +1.07% | +3.92% | +16.10% | +15.10% | 79 |
| EN.PA BOUYGUES SA | 0.11% | 43.09 | +2.64% | +4.61% | +5.79% | +1.28% | 51 |
| SMIN Ishares MSCI India Small Cap ETF | 0.11% | 69.17 | -0.76% | +2.52% | +2.08% | -1.06% | 40 |
| BNZL.LSE BUNZL | 0.11% | 2924.00 | +1.95% | +2.60% | +10.34% | +44.04% | 64 |
| FGR.PA EIFFAGE SA | 0.11% | 106.00 | +1.68% | +4.85% | +7.03% | -10.06% | 55 |
| PAC Grupo Aeroportuario Del Pacifico ADR | 0.10% | 245.91 | -0.26% | +8.11% | +22.09% | -6.72% | 91 |
| EPI-B.ST EPIROC CLASS B | 0.10% | 205.40 | -0.39% | -3.20% | -5.74% | +10.93% | 24 |
| ADDT-B.ST ADDTECH CLASS B | 0.10% | 320.20 | +0.31% | +3.62% | +0.00% | -2.20% | 34 |
| SKA-B.ST SKANSKA B | 0.09% | 282.50 | -1.36% | -0.07% | +7.41% | +18.54% | 55 |
| CAE Cae Inc | 0.09% | 26.79 | -1.58% | +1.98% | +15.72% | -11.93% | 77 |
| BLDR Builders Firstsource | 0.08% | 65.50 | -5.76% | +3.87% | +22.32% | -36.34% | 92 |
| MRO Marathon Oil Corp | 0.08% | 465.50 | -2.06% | -2.00% | +3.44% | -20.15% | 44 |
| TREL-B.ST TRELLEBORG B | 0.08% | 462.40 | +0.52% | +1.49% | +3.17% | +20.20% | 42 |
| SPX.LSE SPIRAX GROUP PLC | 0.07% | 7350.00 | +0.14% | -2.52% | +3.65% | +9.55% | 45 |
| NIBE-B.ST NIBE INDUSTRIER CLASS B | 0.07% | 46.03 | +2.11% | +0.92% | +4.21% | +29.23% | 48 |
| IMCD.AS IMCD NV | 0.07% | 103.35 | -1.10% | +1.67% | +4.73% | +36.02% | 49 |
| LTM Latam Airlines Group S.A. ADR | 0.06% | 47.07 | -1.49% | +7.07% | -7.65% | -12.63% | 20 |
| AOS Smith A.O. Corp | 0.06% | 66.57 | -0.75% | +5.48% | +20.29% | +0.60% | 85 |
| ADEN.SW ADECCO GROUP AG | 0.03% | 23.38 | +0.60% | +2.27% | -1.52% | +6.47% | 32 |
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
EXI dispersion — data Q&A
Is EXI's move broad or carried by a few names (21 sessions)?
As of 2026-11-05: over 21 sessions the fund returned -3.30% while its median constituent returned +4.88% — a dispersion of 14.53 pp; 72% of 137 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 EXI's members trade in the last session?
As of 2026-11-05: fund -3.94%, median member -1.84%, 35 advancers vs 102 decliners.
What does the dispersion page for EXI 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. 137 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.