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 -3.19pp sector return − SPY
RS vs Nasdaq-100 21d -3.58pp sector return − QQQ
Broad decline - breadth is falling with price. Last 21 sessions — price -2.98% · A/D -337 (-2.5/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 | -1.15% | -0.67 | -4pp | +0.01pp | Confirming ↓ |
| 1 month | -2.98% | -2.5 | -10pp | -1.72pp | Confirming ↓ |
| 1 quarter | +2.36% | +0.42 | -20pp | -2.67pp | Confirming ↑ |
Over the last 126 sessions: price up +3.98%, breadth down (-1.37/name) · % beating 33→41 · median−ETF -3.12pp→-1.21pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.11% | +0.36% | +0.25pp | 81 / 54 | 78 / 57 | 81 of 135 | ±1.6% |
| 5d | -1.15% | -1.80% | -0.65pp | 36 / 99 | 58 / 77 | 40 of 135 | ±3.17% |
| 21d | -2.98% | -4.36% | -1.38pp | 33 / 101 | 52 / 83 | 13 of 135 | ±6.71% |
| YTD | +12.57% | +9.18% | -3.39pp | 87 / 48 | 55 / 80 | 3 of 135 | ±20.96% |
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+1.72%+0.07pp
- VRT+4.35%+0.06pp
- ETN+3.46%+0.05pp
- GE+1.09%+0.04pp
- CMI+2.80%+0.03pp
- ADP-2.08%-0.02pp
- NOC-2.51%-0.02pp
- RTX-0.66%-0.02pp
- LMT-1.44%-0.02pp
- GD-1.77%-0.02pp
This month (21d)
- DE+12.80%+0.18pp
- UBER+7.51%+0.12pp
- VWS.CO+21.09%+0.07pp
- CPRT+16.24%+0.05pp
- KRX.IR+25.94%+0.03pp
- GE-9.99%-0.32pp
- RTX-9.76%-0.24pp
- CAT-5.02%-0.21pp
- HON-12.67%-0.18pp
- GEV-5.83%-0.17pp
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)
- KRX.IR+25.94%
- VWS.CO+21.09%
- CPRT+16.24%
- DE+12.80%
- NIBE-B.ST+9.11%
- LUV-15.59%
- PNR-13.86%
- UAL-13.74%
- IR-13.44%
- FGR.PA-13.05%
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% | 813.94 | +1.72% | +1.71% | -5.02% | +42.68% | 45 |
| GE GE Aerospace | 3.25% | 337.12 | +1.09% | -1.59% | -9.99% | +9.60% | 16 |
| GEV GE Vernova Inc | 2.89% | 941.95 | +0.01% | +3.29% | -5.83% | +44.32% | 41 |
| RTX Rtx Corp | 2.42% | 200.79 | -0.66% | -5.16% | -9.76% | +9.85% | 17 |
| SIE.XETRA SIEMENS N AG | 2.31% | 272.65 | +0.76% | -5.93% | -0.16% | +16.43% | 73 |
| BA Boeing Company | 1.77% | 212.25 | +0.83% | +1.16% | -8.59% | -2.24% | 22 |
| SU Suncor Energy Inc | 1.70% | 288.00 | +0.23% | -4.56% | -4.19% | +22.61% | 52 |
| ABBN.SW ABB LTD | 1.65% | 77.76 | +0.70% | -2.92% | -5.54% | +33.25% | 42 |
| UNP Union Pacific Corp | 1.61% | 289.62 | +0.16% | -5.35% | -1.95% | +26.51% | 65 |
| UBER UBER Technologies Inc | 1.55% | 75.76 | -0.26% | -3.88% | +7.51% | -7.28% | 96 |
| ETN Eaton Corp | 1.52% | 410.85 | +3.46% | +2.00% | -8.11% | +29.39% | 25 |
| ENR Energizer Holdings Inc | 1.49% | 146.52 | +0.77% | -2.12% | -4.66% | +22.21% | 48 |
| HON Honeywell International | 1.46% | 209.61 | +0.95% | -3.60% | -12.67% | +3.83% | 6 |
| RR.LSE ROLLS-ROYCE HOLDINGS PLC | 1.40% | 1489.40 | +0.62% | -2.64% | -4.79% | +30.08% | 47 |
| DE Deere & Company | 1.38% | 693.53 | -0.13% | +10.03% | +12.80% | +49.40% | 97 |
| VRT Vertiv Holdings Llc. | 1.27% | 280.53 | +4.35% | +9.12% | +1.95% | +73.20% | 83 |
| AIR AAR Corp | 1.22% | 198.96 | +0.99% | -2.01% | -6.35% | +2.14% | 37 |
| PH Parker-Hannifin Corp | 1.12% | 962.59 | -0.20% | -3.06% | -10.02% | +9.97% | 15 |
| PWR Quanta Services | 1.10% | 624.41 | +0.70% | +3.60% | -6.50% | +48.01% | 35 |
| LMT Lockheed Martin Corp | 1.09% | 525.28 | -1.44% | -6.26% | -9.88% | +9.18% | 16 |
| HWM Howmet Aerospace Inc | 1.07% | 259.27 | -0.47% | -2.11% | -10.47% | +26.59% | 13 |
| TT Trane Technologies Plc | 1.02% | 447.90 | +0.85% | +0.00% | -6.43% | +15.62% | 36 |
| ADP Automatic Data Processing | 0.91% | 277.62 | -2.08% | -3.43% | +1.50% | +8.82% | 81 |
| CMI Cummins Inc | 0.91% | 560.75 | +2.80% | -0.73% | -12.92% | +10.57% | 4 |
| GD General Dynamics Corp | 0.88% | 359.39 | -1.77% | -5.25% | -7.12% | +7.69% | 30 |
| CSX CSX Corp | 0.88% | 49.41 | +0.86% | -3.38% | -2.54% | +36.75% | 62 |
| FDX Fedex Corp | 0.86% | 322.52 | -0.55% | -2.53% | +2.11% | +12.11% | 84 |
| JCI Johnson Controls Intl | 0.85% | 144.94 | +1.91% | +3.83% | -6.22% | +21.41% | 39 |
| WM Waste Management | 0.83% | 218.99 | -1.23% | -0.31% | -4.38% | +0.50% | 49 |
| MMM 3M Company | 0.82% | 168.56 | +0.15% | -3.32% | -6.72% | +5.76% | 32 |
| BA BAE SYSTEMS PLC | 0.81% | 212.25 | +0.83% | +1.16% | -8.59% | -2.24% | 22 |
| CP Canadian Pacific Kansas City Ltd | 0.80% | 91.60 | +0.33% | -2.68% | +1.50% | +24.94% | 81 |
| EMR Emerson Electric Company | 0.78% | 150.21 | +0.83% | -4.76% | -7.23% | +14.07% | 29 |
| NOC Northrop Grumman Corp | 0.75% | 514.98 | -2.51% | -5.18% | -9.29% | -9.40% | 19 |
| UPS United Parcel Service | 0.75% | 102.29 | -1.17% | -2.89% | -0.88% | +4.56% | 71 |
| DG Dollar General Corp | 0.73% | 133.21 | +1.49% | +8.40% | +4.52% | +1.24% | 90 |
| NSC Norfolk Southern Corp | 0.72% | 329.46 | +0.50% | -5.51% | -3.42% | +15.11% | 60 |
| TDG Transdigm Group Inc | 0.70% | 1162.05 | +0.36% | -2.02% | -7.93% | -12.62% | 26 |
| ITW Illinois Tool Works | 0.67% | 270.12 | -0.56% | -3.56% | -8.34% | +10.36% | 24 |
| FIX Comfort Systems USA | 0.66% | 1610.34 | +1.91% | +6.03% | -5.98% | +72.70% | 39 |
| REL.LSE RELX PLC | 0.62% | 2620.00 | -2.06% | -1.80% | -3.50% | -11.63% | 59 |
| URI United Rentals | 0.60% | 1009.86 | +1.61% | -1.98% | -12.99% | +25.32% | 4 |
| CTAS Cintas Corp | 0.60% | 200.47 | -0.29% | -1.82% | -0.57% | +6.84% | 72 |
| PCAR Paccar Inc | 0.59% | 124.70 | +0.15% | -0.51% | -5.32% | +14.52% | 44 |
| LHX L3Harris Technologies | 0.59% | 256.45 | -1.70% | -1.96% | -11.43% | -12.34% | 9 |
| GWW W.W. Grainger | 0.56% | 1324.49 | +0.89% | +1.39% | +3.47% | +31.78% | 87 |
| AME Ametek Inc | 0.53% | 237.72 | +1.50% | +0.62% | -5.43% | +15.97% | 43 |
| FAST Fastenal Company | 0.51% | 49.60 | +0.75% | -0.36% | -2.36% | +24.94% | 63 |
| ROK Rockwell Automation Inc | 0.51% | 428.28 | +0.69% | -1.09% | -4.84% | +10.80% | 46 |
| DAL Delta Air Lines Inc | 0.51% | 80.17 | +1.80% | +0.12% | -12.84% | +16.14% | 5 |
| CARR Carrier Global Corp | 0.50% | 59.71 | +1.07% | +1.56% | -6.64% | +13.89% | 33 |
| ATCO-A.ST ATLAS COPCO CLASS A | 0.48% | 201.80 | +0.60% | -2.93% | -4.09% | +23.29% | 53 |
| DSV.CO DSV | 0.48% | 1321.50 | -0.19% | -3.75% | -0.90% | -17.81% | 70 |
| LR.PA LEGRAND SA | 0.47% | 140.90 | +3.26% | +0.90% | +1.33% | +10.73% | 80 |
| WAB Wabtec Corp | 0.45% | 282.86 | +0.72% | -3.21% | -4.19% | +32.84% | 53 |
| RSG Republic Services | 0.43% | 222.71 | -1.07% | +0.27% | +6.26% | +5.70% | 94 |
| WCN Waste Connections Inc | 0.41% | 164.87 | -1.16% | -0.64% | -1.51% | -5.57% | 67 |
| SGO.PA COMPAGNIE DE SAINT GOBAIN SA | 0.40% | 75.78 | +0.37% | -5.01% | -10.55% | -12.86% | 12 |
| ODFL Old Dominion Freight Line | 0.39% | 185.87 | +0.06% | -6.28% | -12.08% | +18.71% | 7 |
| EME Emcor Group | 0.39% | 754.16 | +1.73% | +1.89% | -6.71% | +23.41% | 33 |
| ASSA-B.ST ASSA ABLOY B | 0.37% | 352.20 | +0.43% | -1.40% | -4.01% | -0.99% | 54 |
| FER Ferrovial N.V. | 0.33% | 58.05 | -0.09% | -1.16% | -11.22% | -10.15% | 10 |
| EXPN.LSE EXPERIAN PLC | 0.33% | 2814.00 | -4.38% | -7.59% | -1.30% | -15.94% | 69 |
| UAL United Airlines Holdings | 0.33% | 111.38 | +2.50% | +0.71% | -13.74% | -0.39% | 1 |
| VWS.CO VESTAS WIND SYSTEMS | 0.32% | 213.30 | -0.74% | +0.85% | +21.09% | +23.49% | 99 |
| AXON Axon Enterprise | 0.31% | 515.67 | -4.18% | -14.16% | -1.30% | -9.20% | 68 |
| CPRT Copart Inc | 0.31% | 33.72 | +0.42% | +2.21% | +16.24% | -13.87% | 98 |
| PAYX Paychex Inc | 0.31% | 121.71 | -2.69% | -4.20% | +1.32% | +9.62% | 79 |
| ACS.MC ACS ACTIVIDADES DE CONSTRUCCION Y | 0.31% | 102.10 | +1.39% | -1.26% | -6.59% | +20.92% | 34 |
| OTIS Otis Worldwide Corp | 0.29% | 71.21 | -0.38% | -0.74% | -2.96% | -17.61% | 61 |
| DOV Dover Corp | 0.29% | 192.88 | +0.95% | -2.66% | -8.52% | -0.74% | 24 |
| XYL Xylem Inc | 0.27% | 105.69 | -2.04% | -5.05% | -12.48% | -22.13% | 7 |
| ATCO-B.ST ATLAS COPCO CLASS B | 0.27% | 175.95 | +0.72% | -2.79% | -4.27% | +18.85% | 50 |
| IR Ingersoll Rand Inc | 0.26% | 76.36 | +1.27% | -2.83% | -13.44% | -3.56% | 2 |
| HUBB Hubbell Inc B | 0.25% | 460.72 | +0.12% | +0.54% | -9.26% | +4.33% | 20 |
| HO.PA THALES SA | 0.25% | 233.60 | -0.47% | -4.54% | -11.72% | +1.65% | 8 |
| VRSK Verisk Analytics Inc | 0.24% | 185.79 | -2.52% | -3.12% | -2.09% | -16.73% | 64 |
| KNEBV.HE KONE | 0.23% | 51.50 | -0.43% | -1.53% | +0.27% | -12.34% | 76 |
| DTG Dte Energy Company 2021 Sr E | 0.23% | 15.73 | -0.10% | -0.82% | -3.40% | -3.83% | 61 |
| VLTO Veralto Corporation | 0.22% | 96.31 | -1.60% | -2.28% | -1.74% | -3.33% | 66 |
| CHRW C.H. Robinson Ww | 0.22% | 147.64 | +0.65% | -1.41% | +0.67% | -7.53% | 77 |
| EXPD Expeditors Intl | 0.22% | 188.80 | +0.89% | -1.14% | +5.73% | +27.36% | 93 |
| GEBN.SW GEBERIT AG | 0.21% | 563.40 | -0.18% | -2.49% | +0.00% | -6.85% | 75 |
| AENA.MC AENA SME SA | 0.21% | 25.82 | +0.08% | -2.27% | -3.73% | +12.22% | 56 |
| VACN.SW VAT GROUP AG | 0.21% | 612.60 | +2.79% | +1.56% | -3.44% | +60.69% | 59 |
| LUV Southwest Airlines Company | 0.20% | 39.62 | +2.30% | +0.42% | -15.59% | -3.72% | 0 |
| EFX Equifax Inc | 0.20% | 177.05 | -6.37% | -8.64% | +0.72% | -17.90% | 78 |
| JBHT J B Hunt Transport | 0.20% | 273.77 | +2.81% | +4.88% | +2.61% | +41.42% | 84 |
| WRT1V.HE WARTSILA | 0.20% | 29.12 | +0.66% | -0.68% | -0.55% | -2.70% | 73 |
| SNA Snap-On Inc | 0.19% | 383.00 | -0.31% | -2.26% | -7.64% | +12.61% | 28 |
| SGSN.SW SGS SA | 0.19% | 91.02 | -0.94% | -2.59% | -5.97% | +4.06% | 40 |
| FTV Fortive Corp | 0.19% | 56.94 | -0.97% | -4.49% | -6.46% | +3.25% | 36 |
| BR Broadridge Financial Solutions | 0.18% | 172.88 | -3.37% | -5.28% | +4.93% | -22.11% | 90 |
| EPI-A.ST EPIROC CLASS A | 0.18% | 262.30 | +1.20% | -2.35% | +3.76% | +24.96% | 89 |
| WKL.AS WOLTERS KLUWER NV | 0.17% | 68.86 | -2.44% | -0.52% | -1.09% | -22.05% | 70 |
| LDOS Leidos Holdings Inc | 0.16% | 133.05 | +0.52% | -5.41% | -1.63% | -26.06% | 67 |
| ROL Rollins Inc | 0.16% | 35.86 | +0.42% | -1.43% | -2.16% | -39.87% | 64 |
| TXT Textron Inc | 0.16% | 79.07 | -0.38% | -4.78% | -10.04% | -9.27% | 14 |
| IEX Idex Corp | 0.16% | 223.74 | +0.29% | -2.84% | -4.27% | +26.65% | 51 |
| NDSN Nordson Corp | 0.16% | 318.36 | +0.27% | -1.92% | +3.04% | +32.82% | 86 |
| LII Lennox International | 0.16% | 390.53 | +1.15% | -0.73% | -10.37% | -19.34% | 13 |
| KOG.OL KONGSBERG GRUPPEN | 0.15% | 308.40 | +0.39% | -1.25% | +0.23% | +19.90% | 76 |
| RTO Rentokil Initial Plc ADR | 0.15% | 348.40 | -0.77% | +1.16% | -4.73% | -21.18% | 47 |
| GNRC Generac Holdings Inc | 0.15% | 187.35 | +2.37% | +1.93% | -11.28% | +37.38% | 10 |
| RYA.IR RYANAIR HOLDINGS PLC | 0.15% | 23.30 | +2.33% | -0.94% | -7.76% | -20.61% | 27 |
| MAS Masco Corp | 0.14% | 72.70 | +1.79% | -0.75% | -3.67% | +15.60% | 56 |
| J Jacobs Engineering Group | 0.14% | 146.23 | -0.89% | -3.78% | +1.53% | +11.03% | 82 |
| KRX.IR KINGSPAN GROUP PLC | 0.13% | 102.70 | +0.49% | +0.86% | +25.94% | +39.02% | 99 |
| DPLM.LSE DIPLOMA PLC | 0.13% | 7120.00 | -0.56% | -2.33% | -7.23% | +35.92% | 30 |
| METSO.HE METSO CORPORATION | 0.13% | 17.74 | +1.20% | -2.47% | +4.97% | +20.03% | 91 |
| HII Huntington Ingalls Industries | 0.13% | 285.93 | -1.65% | -2.81% | -11.14% | -15.29% | 11 |
| PNR Pentair Ltd | 0.12% | 60.21 | +0.32% | -2.37% | -13.86% | -41.86% | 1 |
| SWK Stanley Black & Decker | 0.12% | 97.36 | +0.89% | -0.45% | -3.64% | +32.53% | 58 |
| KNIN.SW KUEHNE UND NAGEL INTERNATIONAL AG | 0.12% | 211.30 | -1.35% | -3.91% | +5.60% | +27.72% | 93 |
| TRI Thomson Reuters Corp | 0.12% | 105.68 | -5.44% | -0.52% | +5.52% | -18.08% | 92 |
| ALLE Allegion Plc | 0.12% | 157.12 | +1.00% | -0.23% | -6.86% | -0.95% | 31 |
| BVI.PA BUREAU VERITAS SA | 0.11% | 27.20 | -0.18% | -0.69% | -4.36% | +3.60% | 50 |
| EN.PA BOUYGUES SA | 0.11% | 44.51 | +0.68% | +0.98% | -9.51% | +4.62% | 18 |
| SMIN Ishares MSCI India Small Cap ETF | 0.11% | 72.40 | -0.14% | +0.82% | +1.20% | +3.56% | 79 |
| BNZL.LSE BUNZL | 0.11% | 2658.00 | -0.52% | -4.46% | -5.88% | +30.94% | 41 |
| FGR.PA EIFFAGE SA | 0.11% | 108.90 | -0.32% | -0.73% | -13.05% | -7.60% | 3 |
| PAC Grupo Aeroportuario Del Pacifico ADR | 0.10% | 208.17 | -0.06% | +0.29% | -6.28% | -21.04% | 38 |
| EPI-B.ST EPIROC CLASS B | 0.10% | 222.20 | +0.91% | -2.80% | +3.73% | +20.00% | 88 |
| ADDT-B.ST ADDTECH CLASS B | 0.10% | 330.40 | -0.36% | -3.39% | -7.76% | +0.92% | 27 |
| SKA-B.ST SKANSKA B | 0.09% | 271.90 | +0.93% | -1.27% | -0.11% | +14.09% | 74 |
| CAE Cae Inc | 0.09% | 24.41 | -0.33% | +0.54% | -8.85% | -19.76% | 21 |
| BLDR Builders Firstsource | 0.08% | 65.79 | +2.51% | -2.85% | -9.27% | -36.06% | 19 |
| MRO Marathon Oil Corp | 0.08% | 503.80 | +1.31% | -1.02% | +3.19% | -13.57% | 87 |
| TREL-B.ST TRELLEBORG B | 0.08% | 451.40 | +1.30% | +1.90% | +2.97% | +17.34% | 85 |
| SPX.LSE SPIRAX GROUP PLC | 0.07% | 6960.00 | +1.46% | -2.52% | -5.24% | +3.74% | 44 |
| NIBE-B.ST NIBE INDUSTRIER CLASS B | 0.07% | 43.96 | -0.86% | +1.74% | +9.11% | +23.41% | 96 |
| IMCD.AS IMCD NV | 0.07% | 97.06 | +0.27% | -2.10% | -3.66% | +27.74% | 57 |
| LTM Latam Airlines Group S.A. ADR | 0.06% | 52.47 | +1.43% | +3.84% | -8.67% | -2.60% | 21 |
| AOS Smith A.O. Corp | 0.06% | 60.48 | -0.08% | +0.17% | -3.98% | -8.61% | 55 |
| ADEN.SW ADECCO GROUP AG | 0.03% | 24.16 | +1.94% | -0.66% | +6.62% | +10.02% | 95 |
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 2026-09-04: over 21 sessions the fund returned -2.98% while its median constituent returned -4.36% — a dispersion of 6.71 pp; 39% 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 2026-09-04: fund +0.11%, median member +0.36%, 81 advancers vs 54 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 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.