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 -2.63pp sector return − SPY
RS vs Nasdaq-100 21d -1.41pp 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 -2.3% · A/D +107 (+0.79/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 | -0.88% | +1.01 | +17pp | +2.70pp | Improving |
| 1 month | -2.30% | +0.79 | +23pp | +3.29pp | Improving |
| 1 quarter | -2.96% | -0.9 | +13pp | +1.95pp | Confirming ↓ |
Over the last 126 sessions: price down -4.16%, breadth down (-2.29/name) · % beating 53→70 · median−ETF +0.65pp→+3.21pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.16% | +0.35% | +0.52pp | 80 / 52 | 89 / 46 | 70 of 135 | ±1.69% |
| 5d | -0.88% | +1.83% | +2.71pp | 92 / 43 | 98 / 37 | 16 of 135 | ±5.14% |
| 21d | -2.30% | +0.91% | +3.21pp | 75 / 60 | 94 / 41 | 12 of 135 | ±5.69% |
| YTD | +7.27% | +4.91% | -2.37pp | 86 / 49 | 62 / 73 | 5 of 135 | ±21.24% |
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)
- RTX+3.73%+0.09pp
- LMT+3.65%+0.04pp
- NOC+4.05%+0.03pp
- ENR+1.98%+0.03pp
- AIR+2.07%+0.03pp
- VRT-3.88%-0.05pp
- ETN-2.79%-0.04pp
- SU-1.82%-0.03pp
- CAT-0.66%-0.03pp
- UBER-1.29%-0.02pp
This month (21d)
- TT+8.40%+0.09pp
- REL.LSE+13.39%+0.08pp
- EMR+9.55%+0.07pp
- ADP+6.12%+0.06pp
- DG+7.53%+0.05pp
- CAT-8.49%-0.35pp
- SU-11.77%-0.2pp
- VRT-14.52%-0.18pp
- RR.LSE-8.73%-0.12pp
- DE-6.38%-0.09pp
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)
- WKL.AS+16.32%
- REL.LSE+13.39%
- TRI+9.58%
- EMR+9.55%
- KNEBV.HE+9.51%
- VRT-14.52%
- ADEN.SW-14.23%
- AXON-13.94%
- SU-11.77%
- UAL-10.72%
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% | 730.76 | -0.66% | -8.71% | -8.49% | +28.10% | 7 |
| GE GE Aerospace | 3.25% | 313.83 | +0.59% | +1.83% | +0.11% | +2.03% | 46 |
| GEV GE Vernova Inc | 2.89% | 921.20 | -0.57% | -8.31% | -0.40% | +41.14% | 41 |
| RTX Rtx Corp | 2.42% | 193.92 | +3.73% | +4.27% | +0.20% | +6.09% | 47 |
| SIE.XETRA SIEMENS N AG | 2.31% | 270.65 | +0.00% | -0.53% | +1.52% | +15.58% | 54 |
| BA Boeing Company | 1.77% | 190.21 | +0.78% | -0.08% | -3.45% | -12.39% | 24 |
| SU Suncor Energy Inc | 1.70% | 253.30 | -1.82% | -4.92% | -11.77% | +7.83% | 2 |
| ABBN.SW ABB LTD | 1.65% | 75.68 | -0.68% | -4.97% | -4.83% | +29.69% | 19 |
| UNP Union Pacific Corp | 1.61% | 289.04 | +0.11% | +3.84% | +2.32% | +26.26% | 60 |
| UBER UBER Technologies Inc | 1.55% | 70.35 | -1.29% | -1.62% | -0.73% | -13.90% | 39 |
| ETN Eaton Corp | 1.52% | 391.25 | -2.79% | -8.94% | -4.45% | +23.22% | 21 |
| ENR Energizer Holdings Inc | 1.49% | 134.98 | +1.98% | -7.14% | -4.81% | +12.59% | 19 |
| HON Honeywell International | 1.46% | 211.41 | +0.43% | +1.77% | +2.38% | +4.72% | 61 |
| RR.LSE ROLLS-ROYCE HOLDINGS PLC | 1.40% | 1350.60 | -0.90% | -2.50% | -8.73% | +17.96% | 6 |
| DE Deere & Company | 1.38% | 641.86 | -1.35% | +3.37% | -6.38% | +38.27% | 12 |
| VRT Vertiv Holdings Llc. | 1.27% | 206.42 | -3.88% | -14.98% | -14.52% | +27.44% | 0 |
| AIR AAR Corp | 1.22% | 198.82 | +2.07% | +5.87% | +1.70% | +2.06% | 57 |
| PH Parker-Hannifin Corp | 1.12% | 963.34 | +0.17% | +0.08% | +4.11% | +10.05% | 77 |
| PWR Quanta Services | 1.10% | 631.86 | -1.61% | -10.49% | +2.48% | +49.78% | 61 |
| LMT Lockheed Martin Corp | 1.09% | 552.09 | +3.65% | +8.34% | +2.60% | +14.75% | 64 |
| HWM Howmet Aerospace Inc | 1.07% | 220.96 | +0.57% | -1.91% | -2.13% | +7.88% | 31 |
| TT Trane Technologies Plc | 1.02% | 458.89 | +0.33% | -3.79% | +8.40% | +18.46% | 95 |
| ADP Automatic Data Processing | 0.91% | 288.90 | +1.14% | +6.65% | +6.12% | +13.24% | 84 |
| CMI Cummins Inc | 0.91% | 531.33 | -0.26% | +1.52% | +1.42% | +4.77% | 53 |
| GD General Dynamics Corp | 0.88% | 344.23 | +2.14% | +3.91% | -3.29% | +3.14% | 27 |
| CSX CSX Corp | 0.88% | 48.68 | -0.02% | +3.00% | +1.63% | +34.73% | 56 |
| FDX Fedex Corp | 0.86% | 293.55 | -0.67% | +0.63% | -4.03% | +2.04% | 23 |
| JCI Johnson Controls Intl | 0.85% | 145.47 | -1.46% | -7.60% | +3.42% | +21.85% | 67 |
| WM Waste Management | 0.83% | 226.86 | +1.19% | +8.63% | +6.34% | +4.11% | 86 |
| MMM 3M Company | 0.82% | 164.75 | -0.35% | +2.99% | +0.02% | +3.37% | 44 |
| BA BAE SYSTEMS PLC | 0.81% | 190.21 | +0.78% | -0.08% | -3.45% | -12.39% | 24 |
| CP Canadian Pacific Kansas City Ltd | 0.80% | 87.36 | +0.52% | +3.43% | -1.38% | +19.15% | 35 |
| EMR Emerson Electric Company | 0.78% | 161.47 | -0.42% | -0.22% | +9.55% | +22.62% | 97 |
| NOC Northrop Grumman Corp | 0.75% | 519.86 | +4.05% | +8.14% | -0.79% | -8.54% | 38 |
| UPS United Parcel Service | 0.75% | 97.48 | -0.36% | +3.08% | -2.69% | -0.35% | 29 |
| DG Dollar General Corp | 0.73% | 134.36 | +0.35% | +5.60% | +7.53% | +2.11% | 90 |
| NSC Norfolk Southern Corp | 0.72% | 326.92 | +0.64% | +2.87% | +2.49% | +14.22% | 62 |
| TDG Transdigm Group Inc | 0.70% | 1139.34 | +0.45% | +2.83% | +5.89% | -14.33% | 82 |
| ITW Illinois Tool Works | 0.67% | 272.28 | +0.40% | +3.09% | +1.78% | +11.25% | 58 |
| FIX Comfort Systems USA | 0.66% | 1439.07 | -2.85% | -16.12% | -8.57% | +54.33% | 7 |
| REL.LSE RELX PLC | 0.62% | 2914.00 | +0.97% | +7.13% | +13.39% | -1.71% | 99 |
| URI United Rentals | 0.60% | 1029.64 | -1.71% | -2.53% | +2.70% | +27.77% | 64 |
| CTAS Cintas Corp | 0.60% | 213.69 | +0.30% | +5.57% | +7.95% | +13.88% | 92 |
| PCAR Paccar Inc | 0.59% | 110.82 | +0.01% | +2.57% | -5.57% | +1.77% | 16 |
| LHX L3Harris Technologies | 0.59% | 248.51 | +3.33% | +4.87% | -0.78% | -15.05% | 39 |
| GWW W.W. Grainger | 0.56% | 1330.70 | -0.04% | +3.17% | +5.39% | +32.39% | 80 |
| AME Ametek Inc | 0.53% | 248.17 | -0.14% | -0.16% | +5.91% | +21.07% | 83 |
| FAST Fastenal Company | 0.51% | 51.02 | +1.27% | +0.53% | +3.74% | +28.52% | 70 |
| ROK Rockwell Automation Inc | 0.51% | 426.23 | +1.00% | -1.47% | +3.95% | +10.27% | 74 |
| DAL Delta Air Lines Inc | 0.51% | 75.37 | -3.47% | -8.02% | -5.11% | +9.19% | 18 |
| CARR Carrier Global Corp | 0.50% | 55.00 | +0.07% | -1.01% | +1.12% | +4.91% | 50 |
| ATCO-A.ST ATLAS COPCO CLASS A | 0.48% | 202.20 | +1.30% | -3.67% | +1.53% | +23.53% | 55 |
| DSV.CO DSV | 0.48% | 1233.00 | +3.14% | +5.70% | -5.99% | -23.31% | 14 |
| LR.PA LEGRAND SA | 0.47% | 134.00 | +0.22% | -3.53% | -1.69% | +5.30% | 34 |
| WAB Wabtec Corp | 0.45% | 286.82 | -0.33% | +0.49% | +2.87% | +34.70% | 65 |
| RSG Republic Services | 0.43% | 231.54 | +0.82% | +6.76% | +5.76% | +9.89% | 81 |
| WCN Waste Connections Inc | 0.41% | 167.90 | +1.44% | +9.86% | +8.16% | -3.84% | 93 |
| SGO.PA COMPAGNIE DE SAINT GOBAIN SA | 0.40% | 66.54 | +0.00% | +2.46% | -5.40% | -23.48% | 16 |
| ODFL Old Dominion Freight Line | 0.39% | 187.72 | -0.61% | +3.16% | +7.21% | +19.89% | 90 |
| EME Emcor Group | 0.39% | 721.66 | -1.48% | -8.54% | -1.04% | +18.09% | 37 |
| ASSA-B.ST ASSA ABLOY B | 0.37% | 359.50 | +0.90% | +3.10% | +3.87% | +1.06% | 73 |
| FER Ferrovial N.V. | 0.33% | 49.41 | +1.13% | -1.48% | -9.59% | -23.53% | 4 |
| EXPN.LSE EXPERIAN PLC | 0.33% | 2838.00 | -0.60% | +5.82% | +1.36% | -15.22% | 51 |
| UAL United Airlines Holdings | 0.33% | 96.10 | -5.14% | -10.57% | -10.72% | -14.06% | 3 |
| VWS.CO VESTAS WIND SYSTEMS | 0.32% | 189.95 | +3.23% | +0.13% | -9.68% | +9.97% | 4 |
| AXON Axon Enterprise | 0.31% | 390.29 | -6.45% | -7.71% | -13.94% | -31.28% | 1 |
| CPRT Copart Inc | 0.31% | 27.87 | +0.43% | +2.01% | -6.04% | -28.81% | 13 |
| PAYX Paychex Inc | 0.31% | 111.63 | +0.77% | +7.36% | -4.19% | +0.54% | 21 |
| ACS.MC ACS ACTIVIDADES DE CONSTRUCCION Y | 0.31% | 90.00 | +0.84% | -0.94% | -3.90% | +6.59% | 24 |
| OTIS Otis Worldwide Corp | 0.29% | 71.33 | +1.32% | +8.16% | +3.83% | -17.47% | 73 |
| DOV Dover Corp | 0.29% | 195.80 | +0.88% | +3.69% | +3.47% | +0.76% | 68 |
| XYL Xylem Inc | 0.27% | 104.05 | +0.66% | +1.30% | -3.30% | -23.33% | 27 |
| ATCO-B.ST ATLAS COPCO CLASS B | 0.27% | 176.80 | +0.80% | -3.36% | +2.52% | +19.42% | 63 |
| IR Ingersoll Rand Inc | 0.26% | 77.78 | -0.12% | -1.23% | +7.06% | -1.77% | 88 |
| HUBB Hubbell Inc B | 0.25% | 461.10 | -0.78% | -2.74% | +4.03% | +4.42% | 76 |
| HO.PA THALES SA | 0.25% | 234.00 | +2.77% | +7.19% | -1.80% | +1.83% | 33 |
| VRSK Verisk Analytics Inc | 0.24% | 190.90 | +1.91% | +7.47% | +8.17% | -14.44% | 94 |
| KNEBV.HE KONE | 0.23% | 55.26 | +1.39% | +4.34% | +9.51% | -5.94% | 96 |
| DTG Dte Energy Company 2021 Sr E | 0.23% | 15.06 | -1.44% | +0.74% | -6.81% | -7.93% | 10 |
| VLTO Veralto Corporation | 0.22% | 101.04 | +0.08% | +4.24% | +6.08% | +1.42% | 84 |
| CHRW C.H. Robinson Ww | 0.22% | 139.49 | -3.01% | -1.98% | -9.32% | -12.64% | 5 |
| EXPD Expeditors Intl | 0.22% | 195.91 | -1.37% | +1.38% | +3.61% | +32.15% | 70 |
| GEBN.SW GEBERIT AG | 0.21% | 553.80 | +0.22% | +4.77% | +1.61% | -8.44% | 56 |
| AENA.MC AENA SME SA | 0.21% | 25.70 | +0.00% | +3.30% | +0.86% | +11.70% | 49 |
| VACN.SW VAT GROUP AG | 0.21% | 620.60 | -0.48% | -7.65% | +4.30% | +62.79% | 78 |
| LUV Southwest Airlines Company | 0.20% | 39.50 | -3.26% | -5.18% | -2.08% | -4.01% | 32 |
| EFX Equifax Inc | 0.20% | 161.25 | -0.01% | +10.61% | +0.05% | -25.23% | 45 |
| JBHT J B Hunt Transport | 0.20% | 228.78 | -2.78% | -0.21% | -3.39% | +18.18% | 26 |
| WRT1V.HE WARTSILA | 0.20% | 29.50 | +3.33% | +0.48% | +1.44% | -1.44% | 53 |
| SNA Snap-On Inc | 0.19% | 367.25 | +0.37% | +1.91% | -1.18% | +7.98% | 36 |
| SGSN.SW SGS SA | 0.19% | 97.82 | -0.89% | +1.43% | +4.80% | +11.83% | 79 |
| FTV Fortive Corp | 0.19% | 57.79 | +0.02% | +0.93% | +4.94% | +4.79% | 79 |
| BR Broadridge Financial Solutions | 0.18% | 175.11 | +0.57% | +5.84% | +6.57% | -21.10% | 87 |
| EPI-A.ST EPIROC CLASS A | 0.18% | 264.20 | +2.36% | +0.32% | +3.12% | +25.87% | 66 |
| WKL.AS WOLTERS KLUWER NV | 0.17% | 81.52 | +0.12% | +8.69% | +16.32% | -7.72% | 99 |
| LDOS Leidos Holdings Inc | 0.16% | 124.85 | +0.69% | +2.61% | -4.67% | -30.62% | 20 |
| ROL Rollins Inc | 0.16% | 33.45 | -1.30% | +4.60% | +1.36% | -43.91% | 52 |
| TXT Textron Inc | 0.16% | 75.93 | +1.04% | +2.39% | -6.15% | -12.88% | 13 |
| IEX Idex Corp | 0.16% | 235.55 | -0.37% | +0.54% | +6.16% | +33.33% | 85 |
| NDSN Nordson Corp | 0.16% | 322.31 | -1.97% | -1.79% | +3.39% | +34.47% | 67 |
| LII Lennox International | 0.16% | 357.73 | -0.21% | +0.36% | -0.38% | -26.11% | 41 |
| KOG.OL KONGSBERG GRUPPEN | 0.15% | 315.30 | +4.30% | +6.74% | -2.56% | +22.58% | 30 |
| RTO Rentokil Initial Plc ADR | 0.15% | 315.90 | +1.41% | +4.26% | -3.16% | -28.54% | 28 |
| GNRC Generac Holdings Inc | 0.15% | 192.68 | -2.88% | -14.34% | -7.02% | +41.29% | 10 |
| RYA.IR RYANAIR HOLDINGS PLC | 0.15% | 22.78 | +1.56% | +0.09% | +0.80% | -22.38% | 48 |
| MAS Masco Corp | 0.14% | 72.87 | +0.40% | +5.99% | +6.80% | +15.87% | 87 |
| J Jacobs Engineering Group | 0.14% | 141.08 | -0.63% | +1.39% | -2.14% | +7.12% | 30 |
| KRX.IR KINGSPAN GROUP PLC | 0.13% | 96.45 | -2.62% | -2.97% | -0.31% | +30.56% | 43 |
| DPLM.LSE DIPLOMA PLC | 0.13% | 7890.00 | +0.96% | +1.35% | +7.64% | +50.61% | 91 |
| METSO.HE METSO CORPORATION | 0.13% | 16.56 | +1.04% | -1.66% | -5.59% | +12.05% | 15 |
| HII Huntington Ingalls Industries | 0.13% | 272.00 | +1.79% | +2.72% | -1.85% | -19.42% | 33 |
| PNR Pentair Ltd | 0.12% | 53.44 | -0.02% | +1.85% | -4.09% | -48.40% | 22 |
| SWK Stanley Black & Decker | 0.12% | 92.48 | -0.29% | +4.41% | +3.77% | +25.88% | 72 |
| KNIN.SW KUEHNE UND NAGEL INTERNATIONAL AG | 0.12% | 231.80 | +0.43% | +1.44% | +7.07% | +40.11% | 89 |
| TRI Thomson Reuters Corp | 0.12% | 109.01 | +1.04% | +5.62% | +9.58% | -15.50% | 98 |
| ALLE Allegion Plc | 0.12% | 156.54 | +0.51% | +4.03% | +1.89% | -1.31% | 59 |
| BVI.PA BUREAU VERITAS SA | 0.11% | 27.84 | -0.29% | +2.77% | +0.91% | +6.03% | 50 |
| EN.PA BOUYGUES SA | 0.11% | 41.51 | +1.39% | +3.00% | -7.45% | -2.43% | 9 |
| SMIN Ishares MSCI India Small Cap ETF | 0.11% | 69.08 | -0.99% | +3.03% | -1.24% | -1.19% | 36 |
| BNZL.LSE BUNZL | 0.11% | 2852.00 | +0.35% | +4.16% | +8.11% | +40.49% | 93 |
| FGR.PA EIFFAGE SA | 0.11% | 100.95 | +0.20% | +2.26% | -6.53% | -14.34% | 11 |
| PAC Grupo Aeroportuario Del Pacifico ADR | 0.10% | 203.90 | +0.87% | +1.19% | +2.17% | -22.66% | 59 |
| EPI-B.ST EPIROC CLASS B | 0.10% | 224.00 | +2.61% | +0.87% | +3.61% | +20.97% | 69 |
| ADDT-B.ST ADDTECH CLASS B | 0.10% | 331.80 | +0.55% | +3.04% | +0.55% | +1.34% | 47 |
| SKA-B.ST SKANSKA B | 0.09% | 269.40 | +1.62% | +2.12% | -0.59% | +13.04% | 40 |
| CAE Cae Inc | 0.09% | 24.15 | +1.00% | +1.73% | -0.33% | -20.61% | 42 |
| BLDR Builders Firstsource | 0.08% | 54.65 | +1.81% | +3.41% | -5.25% | -46.89% | 17 |
| MRO Marathon Oil Corp | 0.08% | 485.00 | +1.53% | +9.11% | -0.19% | -16.80% | 44 |
| TREL-B.ST TRELLEBORG B | 0.08% | 469.80 | +1.51% | +3.66% | +3.75% | +22.12% | 71 |
| SPX.LSE SPIRAX GROUP PLC | 0.07% | 7370.00 | +0.48% | +2.08% | +5.74% | +9.85% | 81 |
| NIBE-B.ST NIBE INDUSTRIER CLASS B | 0.07% | 44.72 | +0.81% | +1.27% | +4.05% | +25.55% | 76 |
| IMCD.AS IMCD NV | 0.07% | 104.00 | +0.63% | +3.43% | +8.95% | +36.88% | 96 |
| LTM Latam Airlines Group S.A. ADR | 0.06% | 47.47 | -2.12% | -5.53% | -7.56% | -11.88% | 8 |
| AOS Smith A.O. Corp | 0.06% | 59.22 | -0.42% | +5.04% | +4.02% | -10.51% | 75 |
| ADEN.SW ADECCO GROUP AG | 0.03% | 20.98 | -0.29% | -12.00% | -14.23% | -4.46% | 1 |
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 2026-10-16: over 21 sessions the fund returned -2.30% while its median constituent returned +0.91% — a dispersion of 5.69 pp; 70% of 135 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 2026-10-16: fund -0.16%, median member +0.35%, 80 advancers vs 52 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.