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 -4.92pp sector return − SPY
RS vs Nasdaq-100 21d -8.89pp sector return − QQQ
Broad decline - breadth is falling with price. Last 21 sessions — price -4.23% · A/D -317 (-2.35/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 | +0.73% | +0.44 | +0pp | -0.30pp | Improving |
| 1 month | -4.23% | -2.35 | +9pp | +2.29pp | Confirming ↓ |
| 1 quarter | -1.59% | -1.93 | -14pp | -2.91pp | Confirming ↓ |
Over the last 126 sessions: price up +9.33%, breadth up (+0.15/name) · % beating 55→47 · median−ETF +0.46pp→-0.64pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.09% | +0.68% | -0.40pp | 96 / 38 | 47 / 88 | 76 of 135 | ±1.26% |
| 5d | +0.73% | +1.16% | +0.43pp | 82 / 53 | 74 / 61 | 28 of 135 | ±3.48% |
| 21d | -4.23% | -4.54% | -0.31pp | 24 / 111 | 67 / 68 | 14 of 135 | ±6% |
| YTD | +10.34% | +5.08% | -5.26pp | 82 / 53 | 55 / 80 | 5 of 135 | ±23.14% |
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)
- CAT+2.03%+0.08pp
- GE+2.29%+0.07pp
- VRT+3.25%+0.04pp
- TT+3.63%+0.04pp
- SIE.XETRA+1.27%+0.03pp
- GWW-2.84%-0.02pp
- AIR-1.02%-0.01pp
- AXON-3.35%-0.01pp
- DE-0.64%-0.01pp
- LMT-0.79%-0.01pp
This month (21d)
- DE+8.81%+0.12pp
- ETN+4.90%+0.07pp
- PWR+5.25%+0.06pp
- JCI+4.07%+0.03pp
- ABBN.SW+1.14%+0.02pp
- RTX-10.66%-0.26pp
- GE-7.70%-0.25pp
- UNP-11.45%-0.18pp
- UBER-11.30%-0.18pp
- HWM-13.69%-0.15pp
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)
- DE+8.81%
- VACN.SW+8.02%
- NIBE-B.ST+5.91%
- TREL-B.ST+5.54%
- LUV+5.43%
- AXON-29.20%
- EFX-22.05%
- PAYX-18.83%
- ROL-18.17%
- CPRT-15.55%
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 — 135 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CAT Caterpillar Inc | 4.13% | 821.58 | +2.03% | +1.56% | -0.04% | +44.02% | 81 |
| GE GE Aerospace | 3.25% | 327.09 | +2.29% | +4.08% | -7.70% | +6.34% | 27 |
| GEV GE Vernova Inc | 2.89% | 957.63 | +0.27% | +1.84% | +0.48% | +46.72% | 83 |
| RTX Rtx Corp | 2.42% | 189.40 | +0.42% | -2.37% | -10.66% | +3.61% | 14 |
| SIE.XETRA SIEMENS N AG | 2.31% | 278.30 | +1.27% | +5.42% | -3.01% | +18.84% | 58 |
| BA Boeing Company | 1.77% | 198.07 | +0.65% | -0.07% | -6.61% | -8.77% | 36 |
| SU Suncor Energy Inc | 1.70% | 291.00 | +0.41% | +1.84% | -2.20% | +23.88% | 64 |
| ABBN.SW ABB LTD | 1.65% | 80.18 | -0.40% | +0.20% | +1.14% | +37.40% | 87 |
| UNP Union Pacific Corp | 1.61% | 273.79 | -0.10% | -2.00% | -11.45% | +19.60% | 11 |
| UBER UBER Technologies Inc | 1.55% | 69.62 | +0.58% | -1.25% | -11.30% | -14.80% | 12 |
| ETN Eaton Corp | 1.52% | 439.98 | +0.00% | +3.58% | +4.90% | +38.57% | 94 |
| ENR Energizer Holdings Inc | 1.49% | 142.60 | +0.35% | +1.71% | -5.09% | +18.94% | 47 |
| HON Honeywell International | 1.46% | 212.55 | +0.36% | +2.95% | -3.68% | +5.29% | 54 |
| RR.LSE ROLLS-ROYCE HOLDINGS PLC | 1.40% | 1481.40 | -0.18% | +2.17% | -3.99% | +29.39% | 52 |
| DE Deere & Company | 1.38% | 690.46 | -0.64% | +0.95% | +8.81% | +48.74% | 99 |
| VRT Vertiv Holdings Llc. | 1.27% | 253.28 | +3.25% | +1.56% | -3.99% | +56.37% | 53 |
| AIR AAR Corp | 1.22% | 192.40 | -1.02% | -0.51% | -5.41% | -1.23% | 45 |
| PH Parker-Hannifin Corp | 1.12% | 978.33 | +0.34% | +3.69% | -5.69% | +11.76% | 44 |
| PWR Quanta Services | 1.10% | 649.13 | +0.87% | +1.95% | +5.25% | +53.87% | 95 |
| LMT Lockheed Martin Corp | 1.09% | 519.56 | -0.79% | -2.59% | -7.58% | +7.99% | 28 |
| HWM Howmet Aerospace Inc | 1.07% | 232.48 | +1.35% | +1.22% | -13.69% | +13.51% | 7 |
| TT Trane Technologies Plc | 1.02% | 454.44 | +3.63% | +5.90% | -1.70% | +17.31% | 69 |
| ADP Automatic Data Processing | 0.91% | 263.67 | +0.21% | -2.78% | -6.30% | +3.35% | 40 |
| CMI Cummins Inc | 0.91% | 525.06 | +0.77% | -1.35% | -9.18% | +3.53% | 21 |
| GD General Dynamics Corp | 0.88% | 336.72 | +0.13% | -4.63% | -11.86% | +0.89% | 10 |
| CSX CSX Corp | 0.88% | 46.78 | -0.36% | -0.68% | -9.37% | +29.47% | 19 |
| FDX Fedex Corp | 0.86% | 285.85 | +2.26% | -5.86% | -14.92% | -0.64% | 4 |
| JCI Johnson Controls Intl | 0.85% | 150.20 | +3.33% | +5.12% | +4.07% | +25.81% | 93 |
| WM Waste Management | 0.83% | 206.83 | -0.54% | -2.02% | -6.51% | -5.08% | 38 |
| MMM 3M Company | 0.82% | 169.55 | +1.21% | +2.21% | -5.81% | +6.38% | 43 |
| BA BAE SYSTEMS PLC | 0.81% | 198.07 | +0.65% | -0.07% | -6.61% | -8.77% | 36 |
| CP Canadian Pacific Kansas City Ltd | 0.80% | 86.91 | -0.25% | -0.43% | -8.24% | +18.54% | 26 |
| EMR Emerson Electric Company | 0.78% | 158.23 | +1.34% | +5.54% | -0.04% | +20.16% | 81 |
| NOC Northrop Grumman Corp | 0.75% | 510.52 | +0.30% | -3.20% | -6.75% | -10.18% | 36 |
| UPS United Parcel Service | 0.75% | 93.96 | +2.07% | -5.15% | -11.06% | -3.95% | 13 |
| DG Dollar General Corp | 0.73% | 124.84 | +1.89% | +1.99% | +1.68% | -5.12% | 89 |
| NSC Norfolk Southern Corp | 0.72% | 313.00 | -0.05% | -0.37% | -11.25% | +9.36% | 13 |
| TDG Transdigm Group Inc | 0.70% | 1116.20 | +0.99% | +2.78% | -7.53% | -16.07% | 29 |
| ITW Illinois Tool Works | 0.67% | 274.32 | +0.85% | +1.82% | -3.92% | +12.08% | 53 |
| FIX Comfort Systems USA | 0.66% | 1658.91 | +0.94% | +0.46% | +2.68% | +77.91% | 92 |
| REL.LSE RELX PLC | 0.62% | 2527.00 | +0.08% | +1.12% | -2.28% | -14.77% | 62 |
| URI United Rentals | 0.60% | 1047.06 | +2.49% | +3.27% | -1.00% | +29.93% | 74 |
| CTAS Cintas Corp | 0.60% | 199.91 | +1.13% | +1.15% | -2.85% | +6.54% | 59 |
| PCAR Paccar Inc | 0.59% | 111.31 | +0.58% | -4.09% | -13.87% | +2.22% | 6 |
| LHX L3Harris Technologies | 0.59% | 237.69 | -0.15% | -3.88% | -9.18% | -18.75% | 21 |
| GWW W.W. Grainger | 0.56% | 1243.07 | -2.84% | -1.86% | -6.91% | +23.67% | 33 |
| AME Ametek Inc | 0.53% | 250.74 | +1.21% | +5.51% | +2.26% | +22.32% | 91 |
| FAST Fastenal Company | 0.51% | 50.43 | -0.59% | +2.90% | -1.41% | +27.04% | 73 |
| ROK Rockwell Automation Inc | 0.51% | 434.15 | +0.28% | +4.46% | +0.56% | +12.32% | 84 |
| DAL Delta Air Lines Inc | 0.51% | 84.94 | +2.63% | +6.68% | +2.24% | +23.05% | 90 |
| CARR Carrier Global Corp | 0.50% | 56.37 | +2.73% | +4.62% | -4.03% | +7.52% | 51 |
| ATCO-A.ST ATLAS COPCO CLASS A | 0.48% | 205.40 | +1.08% | +4.16% | -1.49% | +25.49% | 71 |
| DSV.CO DSV | 0.48% | 1215.50 | +2.83% | -4.55% | -10.06% | -24.40% | 16 |
| LR.PA LEGRAND SA | 0.47% | 134.85 | +0.19% | -0.70% | -1.14% | +5.97% | 73 |
| WAB Wabtec Corp | 0.45% | 288.00 | -0.77% | +2.77% | -4.17% | +35.25% | 50 |
| RSG Republic Services | 0.43% | 212.10 | -0.29% | -2.74% | -4.54% | +0.66% | 50 |
| WCN Waste Connections Inc | 0.41% | 155.56 | -0.24% | +0.15% | -6.93% | -10.91% | 33 |
| SGO.PA COMPAGNIE DE SAINT GOBAIN SA | 0.40% | 69.82 | +0.00% | +1.01% | -12.13% | -19.71% | 9 |
| ODFL Old Dominion Freight Line | 0.39% | 173.30 | -0.93% | +0.17% | -12.97% | +10.68% | 8 |
| EME Emcor Group | 0.39% | 762.21 | +1.36% | +1.62% | -0.18% | +24.72% | 79 |
| ASSA-B.ST ASSA ABLOY B | 0.37% | 355.30 | +0.77% | +2.16% | -0.36% | -0.12% | 79 |
| FER Ferrovial N.V. | 0.33% | 55.83 | +0.81% | +1.44% | -6.86% | -13.59% | 34 |
| EXPN.LSE EXPERIAN PLC | 0.33% | 2610.00 | -0.99% | -4.29% | -12.03% | -22.03% | 10 |
| UAL United Airlines Holdings | 0.33% | 113.99 | +2.52% | +4.86% | -0.73% | +1.94% | 77 |
| VWS.CO VESTAS WIND SYSTEMS | 0.32% | 198.50 | -0.80% | -4.11% | -8.40% | +14.92% | 24 |
| AXON Axon Enterprise | 0.31% | 430.11 | -3.35% | -3.94% | -29.20% | -24.27% | 0 |
| CPRT Copart Inc | 0.31% | 27.59 | -1.60% | -5.77% | -15.55% | -29.53% | 3 |
| PAYX Paychex Inc | 0.31% | 101.37 | -0.22% | -12.72% | -18.83% | -8.70% | 1 |
| ACS.MC ACS ACTIVIDADES DE CONSTRUCCION Y | 0.31% | 93.60 | +0.92% | +0.21% | -9.65% | +10.85% | 19 |
| OTIS Otis Worldwide Corp | 0.29% | 65.94 | -1.11% | -3.77% | -8.87% | -23.70% | 23 |
| DOV Dover Corp | 0.29% | 191.88 | +2.12% | +2.38% | -6.00% | -1.25% | 41 |
| XYL Xylem Inc | 0.27% | 102.63 | -0.03% | -4.58% | -9.17% | -24.38% | 22 |
| ATCO-B.ST ATLAS COPCO CLASS B | 0.27% | 177.90 | +0.96% | +4.00% | -1.90% | +20.17% | 67 |
| IR Ingersoll Rand Inc | 0.26% | 76.08 | +1.74% | +5.92% | -4.86% | -3.92% | 48 |
| HUBB Hubbell Inc B | 0.25% | 466.62 | +0.16% | +4.41% | -0.93% | +5.67% | 75 |
| HO.PA THALES SA | 0.25% | 229.40 | -1.21% | -3.69% | -7.01% | -0.17% | 32 |
| VRSK Verisk Analytics Inc | 0.24% | 169.21 | +0.33% | -3.53% | -9.93% | -24.16% | 18 |
| KNEBV.HE KONE | 0.23% | 51.50 | +0.70% | +2.43% | -2.72% | -12.34% | 59 |
| DTG Dte Energy Company 2021 Sr E | 0.23% | 15.36 | -0.84% | -3.67% | -3.09% | -6.10% | 57 |
| VLTO Veralto Corporation | 0.22% | 97.14 | +0.98% | +2.80% | -1.57% | -2.50% | 70 |
| CHRW C.H. Robinson Ww | 0.22% | 147.10 | +0.62% | -3.85% | -2.63% | -7.87% | 60 |
| EXPD Expeditors Intl | 0.22% | 187.46 | +2.07% | -1.82% | -1.43% | +26.45% | 72 |
| GEBN.SW GEBERIT AG | 0.21% | 545.80 | +1.11% | +1.26% | -5.47% | -9.76% | 44 |
| AENA.MC AENA SME SA | 0.21% | 25.88 | +0.39% | +1.97% | -3.36% | +12.48% | 56 |
| VACN.SW VAT GROUP AG | 0.21% | 654.80 | +1.46% | +6.96% | +8.02% | +71.76% | 99 |
| LUV Southwest Airlines Company | 0.20% | 42.68 | +2.72% | +4.15% | +5.43% | +3.71% | 96 |
| EFX Equifax Inc | 0.20% | 148.11 | -0.46% | -6.77% | -22.05% | -31.32% | 1 |
| JBHT J B Hunt Transport | 0.20% | 225.46 | -1.61% | -3.75% | -14.48% | +16.46% | 5 |
| WRT1V.HE WARTSILA | 0.20% | 29.12 | +1.22% | +2.32% | -2.02% | -2.70% | 66 |
| SNA Snap-On Inc | 0.19% | 369.20 | +0.41% | -0.79% | -7.11% | +8.56% | 30 |
| SGSN.SW SGS SA | 0.19% | 94.50 | +0.04% | +1.57% | +1.26% | +8.04% | 88 |
| FTV Fortive Corp | 0.19% | 56.09 | +1.17% | +1.98% | -6.79% | +1.70% | 35 |
| BR Broadridge Financial Solutions | 0.18% | 163.77 | +0.68% | +0.39% | -9.26% | -26.21% | 20 |
| EPI-A.ST EPIROC CLASS A | 0.18% | 260.20 | +1.60% | +3.21% | -4.79% | +23.96% | 49 |
| WKL.AS WOLTERS KLUWER NV | 0.17% | 68.66 | -0.23% | +0.73% | -0.67% | -22.28% | 78 |
| LDOS Leidos Holdings Inc | 0.16% | 123.61 | +0.21% | -3.20% | -10.06% | -31.31% | 17 |
| ROL Rollins Inc | 0.16% | 30.03 | -1.22% | -7.40% | -18.17% | -49.64% | 2 |
| TXT Textron Inc | 0.16% | 76.59 | +0.75% | -3.89% | -8.07% | -12.12% | 27 |
| IEX Idex Corp | 0.16% | 230.08 | +0.69% | +2.84% | -2.05% | +30.24% | 65 |
| NDSN Nordson Corp | 0.16% | 325.77 | +0.78% | +4.56% | -2.63% | +35.91% | 61 |
| LII Lennox International | 0.16% | 373.77 | +1.63% | +4.05% | -5.07% | -22.80% | 47 |
| KOG.OL KONGSBERG GRUPPEN | 0.15% | 312.70 | -1.11% | -3.04% | -0.86% | +21.57% | 76 |
| RTO Rentokil Initial Plc ADR | 0.15% | 308.70 | -0.16% | -3.32% | -10.55% | -30.17% | 15 |
| GNRC Generac Holdings Inc | 0.15% | 208.14 | +5.09% | +0.34% | +0.74% | +52.63% | 86 |
| RYA.IR RYANAIR HOLDINGS PLC | 0.15% | 23.24 | +2.29% | +2.74% | +0.39% | -20.81% | 82 |
| MAS Masco Corp | 0.14% | 68.85 | +2.29% | +1.16% | -6.45% | +9.48% | 39 |
| J Jacobs Engineering Group | 0.14% | 138.37 | +2.25% | -3.51% | -8.68% | +5.06% | 24 |
| KRX.IR KINGSPAN GROUP PLC | 0.13% | 97.05 | +0.83% | +0.57% | -6.43% | +31.38% | 39 |
| DPLM.LSE DIPLOMA PLC | 0.13% | 7750.00 | +0.45% | +5.87% | +5.37% | +47.94% | 96 |
| METSO.HE METSO CORPORATION | 0.13% | 17.08 | +1.43% | -0.81% | -7.07% | +15.57% | 31 |
| HII Huntington Ingalls Industries | 0.13% | 264.02 | -0.74% | -3.24% | -10.51% | -21.78% | 16 |
| PNR Pentair Ltd | 0.12% | 53.66 | +1.19% | -4.04% | -14.64% | -48.19% | 4 |
| SWK Stanley Black & Decker | 0.12% | 91.40 | +1.36% | +2.03% | -8.38% | +24.41% | 25 |
| KNIN.SW KUEHNE UND NAGEL INTERNATIONAL AG | 0.12% | 226.70 | -0.61% | +5.10% | +4.47% | +37.02% | 93 |
| TRI Thomson Reuters Corp | 0.12% | 98.99 | -1.33% | +4.87% | -3.38% | -23.27% | 56 |
| ALLE Allegion Plc | 0.12% | 154.47 | +1.31% | +1.44% | -3.62% | -2.62% | 55 |
| BVI.PA BUREAU VERITAS SA | 0.11% | 26.89 | +0.49% | -1.21% | -1.79% | +2.42% | 68 |
| EN.PA BOUYGUES SA | 0.11% | 43.14 | +0.33% | -0.55% | -1.93% | +1.40% | 67 |
| SMIN Ishares MSCI India Small Cap ETF | 0.11% | 70.17 | +0.26% | -0.10% | -2.22% | +0.37% | 63 |
| BNZL.LSE BUNZL | 0.11% | 2638.00 | -1.86% | +0.92% | -5.31% | +29.95% | 46 |
| FGR.PA EIFFAGE SA | 0.11% | 106.05 | +0.71% | -0.24% | -2.53% | -10.01% | 61 |
| PAC Grupo Aeroportuario Del Pacifico ADR | 0.10% | 215.94 | +2.14% | +6.49% | +0.50% | -18.09% | 84 |
| EPI-B.ST EPIROC CLASS B | 0.10% | 218.40 | +1.39% | +2.15% | -5.86% | +17.95% | 42 |
| ADDT-B.ST ADDTECH CLASS B | 0.10% | 341.40 | +0.77% | +4.34% | +1.07% | +4.28% | 87 |
| SKA-B.ST SKANSKA B | 0.09% | 280.60 | +0.97% | +3.96% | +2.07% | +17.74% | 90 |
| CAE Cae Inc | 0.09% | 24.86 | +0.97% | +5.47% | -1.62% | -18.28% | 70 |
| BLDR Builders Firstsource | 0.08% | 59.17 | +1.53% | +1.81% | -13.83% | -42.49% | 7 |
| MRO Marathon Oil Corp | 0.08% | 474.00 | +0.32% | -0.88% | -7.24% | -18.69% | 30 |
| TREL-B.ST TRELLEBORG B | 0.08% | 465.00 | +1.97% | +3.61% | +5.54% | +20.88% | 97 |
| SPX.LSE SPIRAX GROUP PLC | 0.07% | 7050.00 | +1.15% | +2.10% | -2.15% | +5.08% | 64 |
| NIBE-B.ST NIBE INDUSTRIER CLASS B | 0.07% | 45.67 | +1.53% | +6.26% | +5.91% | +28.21% | 98 |
| IMCD.AS IMCD NV | 0.07% | 95.90 | +2.20% | +2.79% | -0.89% | +26.22% | 76 |
| LTM Latam Airlines Group S.A. ADR | 0.06% | 52.45 | +1.53% | +2.54% | -0.10% | -2.64% | 80 |
| AOS Smith A.O. Corp | 0.06% | 58.65 | +1.65% | +2.99% | -6.13% | -11.37% | 41 |
| ADEN.SW ADECCO GROUP AG | 0.03% | 24.32 | -0.57% | -1.30% | +0.66% | +10.75% | 85 |
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 2026-09-25: over 21 sessions the fund returned -4.23% while its median constituent returned -4.54% — a dispersion of 6.00 pp; 50% of 135 members beat the fund. Broad decline - breadth is falling with price.
How did EXI's members trade in the last session?
As of 2026-09-25: fund +1.09%, median member +0.68%, 96 advancers vs 38 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. 135 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.