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 -0.23pp sector return − SPY
RS vs Nasdaq-100 21d +3.72pp 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 -0.91% · A/D +26 (+0.2/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 | -1.53% | -0.34 | +9pp | +1.68pp | Confirming ↓ |
| 1 month | -0.91% | +0.2 | -9pp | -1.06pp | Improving |
| 1 quarter | +0.97% | -0.2 | +5pp | +1.14pp | Weakening |
Over the last 126 sessions: price up +4.41%, breadth up (+0.55/name) · % beating 46→55 · median−ETF -0.44pp→+1.03pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.34% | -0.66% | -0.32pp | 37 / 94 | 51 / 80 | 73 of 131 | ±1.7% |
| 5d | -1.53% | +0.24% | +1.77pp | 67 / 64 | 84 / 47 | 23 of 131 | ±4.54% |
| 21d | -0.91% | -0.04% | +0.87pp | 65 / 66 | 69 / 62 | 12 of 131 | ±8.04% |
| YTD | +11.20% | +8.40% | -2.80pp | 91 / 40 | 57 / 74 | 6 of 131 | ±22.24% |
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)
- GEV+2.09%+0.06pp
- GE+0.90%+0.03pp
- ABBN.SW+1.20%+0.02pp
- ASSA-B.ST+4.94%+0.02pp
- CAT+0.35%+0.01pp
- SIE.XETRA-2.27%-0.05pp
- UBER-2.13%-0.03pp
- VRT-1.55%-0.02pp
- AXON-5.81%-0.02pp
- ITW-2.45%-0.02pp
This month (21d)
- GEV+7.68%+0.22pp
- UNP+12.82%+0.21pp
- ADP+14.98%+0.14pp
- CTAS+15.70%+0.09pp
- RTX+3.61%+0.09pp
- CAT-6.89%-0.28pp
- ENR-12.80%-0.19pp
- SU-9.81%-0.17pp
- ABBN.SW-8.82%-0.15pp
- PWR-12.62%-0.14pp
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)
- ADEN.SW+31.15%
- TRI+18.55%
- AXON+17.20%
- CTAS+15.70%
- KNIN.SW+15.11%
- GNRC-19.10%
- PNR-16.95%
- EPI-B.ST-14.43%
- EPI-A.ST-14.26%
- ENR-12.80%
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 — 131 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CAT Caterpillar Inc | 4.13% | 880.28 | +0.35% | -7.57% | -6.89% | +54.31% | 16 |
| GE GE Aerospace | 3.25% | 348.83 | +0.90% | -2.91% | -0.82% | +13.41% | 47 |
| GEV GE Vernova Inc | 2.89% | 1057.84 | +2.09% | -3.09% | +7.68% | +62.07% | 83 |
| RTX Rtx Corp | 2.42% | 193.51 | -0.44% | -1.24% | +3.61% | +5.86% | 67 |
| SIE.XETRA SIEMENS N AG | 2.31% | 264.55 | -2.27% | -3.04% | -4.43% | +12.97% | 26 |
| BA Boeing Company | 1.77% | 214.03 | -0.14% | -3.71% | -5.92% | -1.42% | 20 |
| SU Suncor Energy Inc | 1.70% | 262.45 | -0.72% | -2.67% | -9.81% | +11.73% | 11 |
| ABBN.SW ABB LTD | 1.65% | 79.20 | +1.20% | -5.24% | -8.82% | +35.72% | 13 |
| UNP Union Pacific Corp | 1.61% | 301.75 | +0.78% | +5.15% | +12.82% | +31.81% | 94 |
| UBER UBER Technologies Inc | 1.55% | 72.46 | -2.13% | -2.79% | -1.08% | -11.32% | 45 |
| ETN Eaton Corp | 1.52% | 399.99 | +0.94% | -1.79% | -1.89% | +25.97% | 41 |
| ENR Energizer Holdings Inc | 1.49% | 147.66 | -0.73% | -2.93% | -12.80% | +23.16% | 3 |
| HON Honeywell International | 1.46% | 225.02 | -0.58% | -0.62% | -1.95% | +15.91% | 40 |
| RR.LSE ROLLS-ROYCE HOLDINGS PLC | 1.40% | 1365.60 | -0.93% | -5.06% | -3.12% | +19.27% | 34 |
| DE Deere & Company | 1.38% | 597.24 | -0.29% | +1.77% | +2.04% | +28.66% | 62 |
| VRT Vertiv Holdings Llc. | 1.27% | 289.56 | -1.55% | -9.19% | -3.35% | +78.77% | 31 |
| AIR AAR Corp | 1.22% | 194.32 | -0.66% | -1.49% | +1.24% | -0.25% | 56 |
| PH Parker-Hannifin Corp | 1.12% | 953.21 | -0.54% | -0.84% | +1.57% | +8.90% | 60 |
| PWR Quanta Services | 1.10% | 628.53 | -0.39% | -4.56% | -12.62% | +48.99% | 4 |
| LMT Lockheed Martin Corp | 1.09% | 508.77 | -0.92% | -2.76% | -5.07% | +5.74% | 24 |
| HWM Howmet Aerospace Inc | 1.07% | 272.43 | +0.46% | +0.58% | -1.80% | +33.01% | 42 |
| TT Trane Technologies Plc | 1.02% | 469.98 | -1.06% | -2.03% | -1.13% | +21.32% | 44 |
| ADP Automatic Data Processing | 0.91% | 255.27 | -0.50% | +5.52% | +14.98% | +0.06% | 95 |
| CMI Cummins Inc | 0.91% | 648.48 | +0.10% | -4.06% | -7.36% | +27.87% | 15 |
| GD General Dynamics Corp | 0.88% | 368.58 | -0.07% | -1.73% | +1.23% | +10.44% | 55 |
| CSX CSX Corp | 0.88% | 50.75 | -0.28% | +2.71% | +8.21% | +40.46% | 84 |
| FDX Fedex Corp | 0.86% | 312.98 | -1.64% | -0.54% | -6.43% | +8.79% | 18 |
| JCI Johnson Controls Intl | 0.85% | 140.46 | -0.57% | -1.65% | -3.24% | +17.66% | 33 |
| WM Waste Management | 0.83% | 239.31 | -1.21% | +2.56% | +9.48% | +9.83% | 86 |
| MMM 3M Company | 0.82% | 159.84 | -1.19% | +1.47% | -1.11% | +0.29% | 44 |
| BA BAE SYSTEMS PLC | 0.81% | 214.03 | -0.14% | -3.71% | -5.92% | -1.42% | 20 |
| EMR Emerson Electric Company | 0.78% | 139.54 | +0.33% | +0.48% | -6.23% | +5.97% | 19 |
| NOC Northrop Grumman Corp | 0.75% | 521.57 | +0.56% | -3.35% | -5.38% | -8.24% | 23 |
| UPS United Parcel Service | 0.75% | 117.72 | +0.46% | +4.67% | +7.00% | +20.34% | 82 |
| DG Dollar General Corp | 0.73% | 125.75 | -1.11% | +5.74% | +10.55% | -4.43% | 89 |
| NSC Norfolk Southern Corp | 0.72% | 340.16 | +0.62% | +3.88% | +9.44% | +18.85% | 85 |
| TDG Transdigm Group Inc | 0.70% | 1214.43 | -1.35% | -5.96% | -6.67% | -8.68% | 17 |
| ITW Illinois Tool Works | 0.67% | 276.05 | -2.45% | +2.69% | +3.86% | +12.79% | 68 |
| FIX Comfort Systems USA | 0.66% | 1674.06 | -0.39% | -4.67% | -12.53% | +79.54% | 5 |
| REL.LSE RELX PLC | 0.62% | 2496.00 | -0.24% | +3.27% | +6.30% | -15.81% | 80 |
| URI United Rentals | 0.60% | 1045.21 | -2.48% | -4.59% | -2.30% | +29.70% | 38 |
| CTAS Cintas Corp | 0.60% | 204.45 | -0.87% | +13.81% | +15.70% | +8.96% | 97 |
| PCAR Paccar Inc | 0.59% | 126.20 | -0.37% | +1.31% | +4.26% | +15.90% | 70 |
| LHX L3Harris Technologies | 0.59% | 282.01 | -0.85% | -3.01% | -9.16% | -3.60% | 12 |
| GWW W.W. Grainger | 0.56% | 1395.01 | -0.50% | +1.40% | +5.70% | +38.79% | 77 |
| AME Ametek Inc | 0.53% | 237.00 | -0.13% | +1.29% | +2.20% | +15.62% | 63 |
| FAST Fastenal Company | 0.51% | 45.49 | -2.53% | -2.15% | -1.22% | +14.59% | 43 |
| ROK Rockwell Automation Inc | 0.51% | 461.85 | -1.46% | -2.18% | -0.96% | +19.49% | 47 |
| DAL Delta Air Lines Inc | 0.51% | 84.17 | -2.92% | -3.68% | +1.24% | +21.93% | 56 |
| CARR Carrier Global Corp | 0.50% | 68.69 | -0.94% | -0.94% | -3.46% | +31.02% | 31 |
| ATCO-A.ST ATLAS COPCO CLASS A | 0.48% | 195.50 | +0.18% | +2.30% | +1.06% | +19.44% | 54 |
| DSV.CO DSV | 0.48% | 1693.00 | -0.03% | +2.02% | +11.02% | +5.29% | 90 |
| LR.PA LEGRAND SA | 0.47% | 135.40 | -1.67% | -3.77% | -11.07% | +6.40% | 8 |
| WAB Wabtec Corp | 0.45% | 262.08 | -0.69% | +0.33% | -3.69% | +23.08% | 28 |
| RSG Republic Services | 0.43% | 222.31 | -0.98% | +1.42% | +6.35% | +5.51% | 81 |
| WCN Waste Connections Inc | 0.41% | 171.91 | -1.39% | +0.49% | +9.45% | -1.54% | 85 |
| SGO.PA COMPAGNIE DE SAINT GOBAIN SA | 0.40% | 75.98 | -0.84% | +0.24% | -4.74% | -12.63% | 25 |
| ODFL Old Dominion Freight Line | 0.39% | 233.84 | -1.40% | +2.73% | +0.96% | +49.34% | 53 |
| EME Emcor Group | 0.39% | 744.16 | -0.78% | -4.76% | -10.85% | +21.77% | 8 |
| ASSA-B.ST ASSA ABLOY B | 0.37% | 348.40 | +4.94% | +3.91% | +2.44% | -2.06% | 64 |
| FER Ferrovial N.V. | 0.33% | 63.59 | -0.11% | -1.07% | -8.62% | -1.58% | 14 |
| EXPN.LSE EXPERIAN PLC | 0.33% | 2719.00 | +1.42% | +3.90% | +9.94% | -18.78% | 88 |
| UAL United Airlines Holdings | 0.33% | 115.41 | -2.86% | -8.40% | -2.62% | +3.21% | 36 |
| VWS.CO VESTAS WIND SYSTEMS | 0.32% | 177.40 | -0.39% | +1.17% | +2.19% | +2.71% | 63 |
| AXON Axon Enterprise | 0.31% | 510.28 | -5.81% | -9.81% | +17.20% | -10.15% | 98 |
| CPRT Copart Inc | 0.31% | 27.61 | -2.40% | +0.33% | -10.18% | -29.48% | 9 |
| PAYX Paychex Inc | 0.31% | 114.39 | -0.27% | +6.37% | +14.07% | +3.03% | 95 |
| ACS.MC ACS ACTIVIDADES DE CONSTRUCCION Y | 0.31% | 117.70 | -1.01% | -1.92% | -9.74% | +39.39% | 11 |
| OTIS Otis Worldwide Corp | 0.29% | 73.45 | -2.07% | +0.49% | -0.08% | -15.01% | 49 |
| DOV Dover Corp | 0.29% | 214.18 | -1.53% | -0.53% | -3.80% | +10.22% | 27 |
| XYL Xylem Inc | 0.27% | 122.78 | -2.01% | +1.29% | +9.60% | -9.53% | 87 |
| ATCO-B.ST ATLAS COPCO CLASS B | 0.27% | 173.30 | +0.12% | +3.65% | +1.55% | +17.06% | 60 |
| IR Ingersoll Rand Inc | 0.26% | 82.24 | -3.00% | +4.30% | +4.74% | +3.86% | 73 |
| HUBB Hubbell Inc B | 0.25% | 488.67 | +1.38% | -0.46% | -2.78% | +10.66% | 35 |
| HO.PA THALES SA | 0.25% | 223.10 | +1.36% | -0.09% | -4.08% | -2.92% | 27 |
| VRSK Verisk Analytics Inc | 0.24% | 200.68 | -0.40% | +8.25% | +11.73% | -10.06% | 92 |
| KNEBV.HE KONE | 0.23% | 49.38 | -0.30% | -0.30% | -0.04% | -15.95% | 50 |
| VLTO Veralto Corporation | 0.22% | 93.81 | -0.42% | +1.20% | +11.71% | -5.84% | 92 |
| CHRW C.H. Robinson Ww | 0.22% | 208.50 | +1.34% | +7.75% | +10.08% | +30.59% | 89 |
| EXPD Expeditors Intl | 0.22% | 182.80 | +0.46% | +6.27% | +11.45% | +23.31% | 91 |
| GEBN.SW GEBERIT AG | 0.21% | 524.40 | +0.23% | +0.58% | -0.19% | -13.30% | 48 |
| AENA.MC AENA SME SA | 0.21% | 26.16 | -0.30% | -2.90% | -3.25% | +13.70% | 32 |
| VACN.SW VAT GROUP AG | 0.21% | 666.20 | -3.62% | -2.12% | -3.14% | +74.75% | 34 |
| LUV Southwest Airlines Company | 0.20% | 48.08 | -2.73% | -0.72% | +1.37% | +16.83% | 57 |
| EFX Equifax Inc | 0.20% | 177.08 | -1.41% | +6.39% | +5.95% | -17.89% | 79 |
| JBHT J B Hunt Transport | 0.20% | 291.41 | -2.35% | +4.09% | +4.14% | +50.53% | 69 |
| WRT1V.HE WARTSILA | 0.20% | 29.88 | +0.57% | -1.19% | -11.99% | -0.17% | 5 |
| SNA Snap-On Inc | 0.19% | 410.99 | -0.96% | +2.25% | +5.55% | +20.84% | 76 |
| SGSN.SW SGS SA | 0.19% | 95.36 | +0.46% | +0.72% | +4.33% | +9.02% | 71 |
| FTV Fortive Corp | 0.19% | 61.78 | -1.07% | -0.68% | +0.67% | +12.02% | 53 |
| BR Broadridge Financial Solutions | 0.18% | 149.91 | -2.06% | +1.65% | +4.19% | -32.46% | 69 |
| EPI-A.ST EPIROC CLASS A | 0.18% | 235.00 | -6.00% | -8.77% | -14.26% | +11.96% | 2 |
| WKL.AS WOLTERS KLUWER NV | 0.17% | 61.78 | -1.47% | +2.12% | +6.15% | -30.07% | 79 |
| LDOS Leidos Holdings Inc | 0.16% | 106.48 | -1.67% | -0.50% | -6.25% | -40.83% | 18 |
| ROL Rollins Inc | 0.16% | 45.11 | -0.77% | +1.44% | -3.59% | -24.36% | 30 |
| TXT Textron Inc | 0.16% | 91.48 | +0.93% | +0.63% | -2.41% | +4.97% | 37 |
| IEX Idex Corp | 0.16% | 224.94 | -1.76% | +1.25% | +0.50% | +27.33% | 51 |
| NDSN Nordson Corp | 0.16% | 288.98 | -1.49% | +0.83% | -1.06% | +20.56% | 46 |
| LII Lennox International | 0.16% | 543.93 | -2.62% | -1.47% | +2.95% | +12.35% | 66 |
| KOG.OL KONGSBERG GRUPPEN | 0.15% | 277.50 | +1.91% | -7.35% | -5.61% | +7.89% | 22 |
| RTO Rentokil Initial Plc ADR | 0.15% | 450.00 | +0.13% | +2.27% | +4.85% | +1.80% | 73 |
| GNRC Generac Holdings Inc | 0.15% | 214.91 | -0.22% | -8.13% | -19.10% | +57.59% | 0 |
| RYA.IR RYANAIR HOLDINGS PLC | 0.15% | 25.96 | -2.55% | -3.28% | +0.43% | -11.55% | 50 |
| MAS Masco Corp | 0.14% | 78.65 | -1.86% | +1.04% | +5.15% | +25.06% | 75 |
| J Jacobs Engineering Group | 0.14% | 131.75 | -0.42% | +4.70% | +5.55% | +0.04% | 76 |
| KRX.IR KINGSPAN GROUP PLC | 0.13% | 76.65 | -1.54% | -3.65% | -11.85% | +3.76% | 6 |
| DPLM.LSE DIPLOMA PLC | 0.13% | 7240.00 | +0.63% | +6.47% | +1.47% | +38.21% | 59 |
| METSO.HE METSO CORPORATION | 0.13% | 15.25 | -0.59% | -0.07% | -2.12% | +3.18% | 39 |
| HII Huntington Ingalls Industries | 0.13% | 269.13 | -0.71% | -5.93% | -9.84% | -20.27% | 10 |
| PNR Pentair Ltd | 0.12% | 62.45 | -4.93% | -18.03% | -16.95% | -39.70% | 1 |
| SWK Stanley Black & Decker | 0.12% | 90.17 | -1.25% | +2.21% | +6.56% | +22.74% | 82 |
| KNIN.SW KUEHNE UND NAGEL INTERNATIONAL AG | 0.12% | 210.30 | +0.05% | +2.34% | +15.11% | +27.11% | 96 |
| TRI Thomson Reuters Corp | 0.12% | 96.20 | -2.65% | +7.31% | +18.55% | -25.43% | 98 |
| ALLE Allegion Plc | 0.12% | 137.24 | -1.61% | +0.45% | +1.76% | -13.48% | 61 |
| BVI.PA BUREAU VERITAS SA | 0.11% | 27.40 | +0.11% | +0.74% | +4.54% | +4.36% | 72 |
| EN.PA BOUYGUES SA | 0.11% | 47.78 | +0.17% | +2.31% | -5.12% | +12.30% | 24 |
| SMIN Ishares MSCI India Small Cap ETF | 0.11% | 69.70 | -0.21% | -1.80% | +1.47% | -0.30% | 58 |
| BNZL.LSE BUNZL | 0.11% | 2796.00 | +0.50% | +4.02% | +12.11% | +37.73% | 93 |
| FGR.PA EIFFAGE SA | 0.11% | 121.35 | -0.78% | +0.04% | -7.26% | +2.97% | 15 |
| PAC Grupo Aeroportuario Del Pacifico ADR | 0.10% | 220.91 | -1.94% | -6.25% | -11.84% | -16.20% | 7 |
| EPI-B.ST EPIROC CLASS B | 0.10% | 200.40 | -6.27% | -8.83% | -14.43% | +8.23% | 2 |
| ADDT-B.ST ADDTECH CLASS B | 0.10% | 343.20 | -2.05% | +4.25% | +5.80% | +4.83% | 78 |
| SKA-B.ST SKANSKA B | 0.09% | 255.10 | +1.11% | +0.59% | +3.11% | +7.04% | 66 |
| BLDR Builders Firstsource | 0.08% | 74.26 | -5.04% | -1.89% | -5.69% | -27.83% | 21 |
| MRO Marathon Oil Corp | 0.08% | 465.80 | +0.15% | -2.14% | -3.62% | -20.09% | 29 |
| TREL-B.ST TRELLEBORG B | 0.08% | 417.00 | +0.43% | +1.46% | +0.58% | +8.40% | 52 |
| SPX.LSE SPIRAX GROUP PLC | 0.07% | 6960.00 | +0.43% | +6.18% | -2.11% | +3.74% | 40 |
| NIBE-B.ST NIBE INDUSTRIER CLASS B | 0.07% | 36.70 | +1.05% | +3.61% | +2.46% | +3.03% | 65 |
| IMCD.AS IMCD NV | 0.07% | 88.20 | -4.38% | +3.16% | +5.13% | +16.08% | 74 |
| AOS Smith A.O. Corp | 0.06% | 58.85 | -2.78% | -2.63% | -2.31% | -11.07% | 37 |
| ADEN.SW ADECCO GROUP AG | 0.03% | 20.46 | +5.79% | +17.79% | +31.15% | -6.83% | 99 |
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.