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Constituent dispersion · breadth vs the index

MXI — Global Materials

52/85 covered · 63% by weight · benchmark: cap-weighted constituents · closes through 2026-07-10 ·holdings as of 2026-06-16

Concentration 31.41% in top 5 28.82 effective names · HHI 347
RS vs S&P 500 21d -3.60pp sector return − SPY
RS vs Nasdaq-100 21d -3.41pp sector return − QQQ
Breadth is roughly tracking price. Last 21 sessions — price -0.18% · A/D +0 (+0/name)
MXI 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.

HorizonPriceA/D /name% beating ΔMedian−ETF ΔRead
1 week -2.62% -0.54 Confirming ↓
1 month -0.18% +0 In line
1 quarter +2.33% -2.08 Weakening

Over the last 126 sessions: price up +6.18%, breadth up (+0.06/name) · % beating —→— · median−ETF —→—.

Dispersion by window

WindowETFMedianMedian − ETF Up / DownBeat / Lag±1% bandDispersion
1d +0.85% +1.02% +0.18pp 42 / 9 29 / 23 32 of 52 ±1.18%
5d -2.27% -2.62% -0.35pp 12 / 40 24 / 28 14 of 52 ±3.2%
21d -0.91% +0.90% +1.82pp 29 / 21 30 / 20 2 of 50 ±9.4%
YTD +10.08% +9.80% -0.28pp 32 / 16 24 / 25 3 of 49 ±16.79%

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)

  • LIN+0.80%+0.06pp
  • FCX+1.64%+0.05pp
  • RIO+1.17%+0.04pp
  • NUE+2.29%+0.04pp
  • CTVA+2.17%+0.04pp
  • AI-0.67%-0.03pp
  • AAL-0.64%-0.01pp
  • ALB-1.85%-0.01pp
  • IFF-1.27%-0.01pp
  • DSFIR.SW-0.64%0pp

This month (21d)

  • AAL+20.30%+0.4pp
  • CTVA+14.22%+0.25pp
  • LIN+2.75%+0.22pp
  • SHW+7.55%+0.18pp
  • APD+5.85%+0.12pp
  • AI-17.05%-0.68pp
  • RIO-11.07%-0.4pp
  • GLEN.LSE-11.09%-0.27pp
  • NUE-10.60%-0.18pp
  • RIO-11.07%-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)

  • AAL+20.30%
  • DSFIR.SW+16.56%
  • CTVA+14.22%
  • BALL+13.86%
  • AMCR+11.20%
  • NHY.OL-23.16%
  • ALB-17.29%
  • AI-17.05%
  • STLD-15.34%
  • DOW-12.61%

MXI — constituent leadership race

$100 in each covered MXI constituent at 2026-01-06, rebased to 100. Watch leadership change hands.

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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 — 52 covered · click a column to sort

Symbol Weight Last 1d 5d 21d YTD RS rank
LIN Linde Plc 7.90% 529.79 +0.80% -3.08% +2.75% +24.67% 64
AI C3.Ai Inc Cl A 3.96% 8.95 -0.67% -1.21% -17.05% -33.61% 4
NEM Newmont Mining Corp 3.89% 95.29 +0.51% -1.80% -3.30% -4.15% 34
RIO Rio Tinto Plc ADR 3.65% 6753.00 +1.17% -4.48% -11.07% +15.74% 14
FCX Freeport-Mcmoran Inc 2.94% 61.52 +1.64% +0.90% -4.25% +21.70% 32
GLEN.LSE GLENCORE PLC 2.41% 510.50 -0.18% -0.60% -11.09% +25.58% 12
SHW Sherwin-Williams Company 2.35% 333.99 +0.59% -5.25% +7.55% +3.30% 80
CRH CRH Plc ADR 2.23% 104.71 +0.34% -2.62% +0.97% -15.50% 52
APD Air Products and Chemicals 2.13% 299.53 +1.24% -4.67% +5.85% +22.91% 74
ECL Ecolab Inc 2.10% 274.31 +0.47% -3.19% +4.02% +4.77% 70
AAL American Airlines Gp 1.97% 16.95 -0.64% -5.41% +20.30% +10.57% 98
CTVA Corteva Inc 1.75% 85.68 +2.17% -0.14% +14.22% +28.41% 94
NUE Nucor Corp 1.70% 227.37 +2.29% +3.00% -10.60% +39.87% 18
RIO Rio Tinto Plc ADR 1.58% 6753.00 +1.17% -4.48% -11.07% +15.74% 14
HOLN.SW HOLCIM LTD AG 1.52% 74.14 +1.81% -3.74% +2.57% -2.36% 62
VMC Vulcan Materials Company 1.14% 295.25 +2.26% -2.62% +5.82% +3.92% 72
K Kellanova 1.13% 83.44 +0.00% +0.35% +0.00%
MLM Martin Marietta Materials 1.07% 577.72 +1.02% -3.62% +0.96% -6.97% 50
STLD Steel Dynamics Inc 1.05% 228.42 +2.86% +3.64% -15.34% +35.22% 6
SIKA.XETRA SIKA AG 0.96% 176.30 +0.71% -7.16% +10.71% +3.27% 86
GIVN.SW GIVAUDAN SA 0.95% 3433.00 +0.41% -2.11% +9.23% +12.14% 84
DOW Dow Inc 0.85% 29.03 +1.86% +4.76% -12.61% +26.91% 8
HEI Heico Corp 0.83% 350.92 -0.34% -3.08% +7.51% +8.49% 78
PPG PPG Industries 0.79% 116.76 +0.69% -6.84% +0.34% +15.36% 42
DSFIR.SW DSM FIRMENICH AG 0.68% 77.35 -0.64% -1.53% +16.56% 96
ALB Albemarle Corp 0.66% 126.05 -1.85% -7.02% -17.29% -10.66% 2
SW Smurfit Westrock Plc 0.65% 44.23 +2.88% -3.70% +6.94% +16.71% 76
DD Dupont Denemours Inc 0.63% 134.68 -0.08% -3.74%
IFF International Flavors & Fragrances 0.63% 77.53 -1.27% -7.52% +2.85% +15.73% 66
PKG Packaging Corp of America 0.63% 228.77 +1.91% -3.96% +1.30% +11.58% 56
CF Cf Industries Holdings 0.63% 116.92 +2.54% +5.77% +7.68% +52.60% 82
ANTO.LSE ANTOFAGASTA PLC 0.59% 3778.00 +1.67% -2.33% -2.02% +15.23% 36
LYB Lyondellbasell Industries NV 0.59% 56.35 +1.73% +5.60% -11.46% +33.10% 10
AMCR Amcor Plc 0.58% 43.18 +1.12% -4.04% +11.20% 90
IP International Paper Company 0.55% 37.93 +2.02% -2.22% +11.17% -1.30% 88
BOL.ST BOLIDEN 0.53% 520.00 -0.38% -1.44% +3.50% +3.21% 68
NHY.OL NORSK HYDRO 0.51% 85.06 +0.26% -1.32% -23.16% +11.92% 0
UPM.HE UPM-KYMMENE 0.51% 23.15 +1.31% -0.81% -6.69% -3.93% 24
BALL Ball Corporation 0.49% 61.69 +1.13% -2.68% +13.86% +17.24% 92
SCCO Southern Copper Corp 0.49% 175.83 +0.80% +2.22% +0.38% +26.04% 46
S32.LSE SOUTH32 LTD 0.44% 211.00 +4.56% -2.68% -10.06% +20.67% 20
AVY Avery Dennison Corp 0.41% 160.71 +1.03% -3.75% +0.85% -10.63% 48
AKZA.AS AKZO NOBEL NV 0.33% 57.40 +0.53% -5.59% +1.38% -0.10% 58
YAR.OL YARA INTERNATIONAL 0.31% 444.50 +0.75% +2.37% -7.24% +7.37% 22
STERV.HE STORA ENSO CLASS R 0.23% 9.44 +1.97% +0.51% -1.21% -10.63% 38
MOS Mosaic Company 0.23% 21.51 +3.66% +1.80% +1.08% -9.04% 54
SCA-B.ST SVENSKA CELLULOSA B 0.20% 99.36 +1.12% +0.44% -0.69% -16.67% 40
CRDA.LSE CRODA INTERNATIONAL PLC 0.18% 2897.00 +1.58% -4.86% -4.42% +9.80% 30
SYENS.BR SYENSQO NV 0.17% 66.00 +0.61% -0.45% +1.54% -1.06% 60
JMAT.LSE JOHNSON MATTHEY PLC 0.16% 1902.00 +0.85% -5.56% -6.49% -8.49% 26
AKE.PA ARKEMA SA 0.15% 54.50 +1.30% -3.71% -5.05% +10.93% 28
MNDI.LSE MONDI PLC 0.14% 705.80 +0.94% -0.65% +0.37% -21.90% 44

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.

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Dispersion is computed across the constituents we cover in our data lake (see coverage badge). Decision-support, not investment advice.