Constituent dispersion · breadth vs the index
MXI — Global Materials
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 | -0.27% | +0.61 | +8pp | +0.99pp | Improving |
| 1 month | -2.28% | -0.66 | +14pp | +2.54pp | Confirming ↓ |
| 1 quarter | +2.66% | -0.61 | -4pp | -3.45pp | Weakening |
Over the last 126 sessions: price down -3.44%, breadth down (-2.42/name) · % beating 37→55 · median−ETF -1.71pp→+0.79pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -1.13% | +0.12% | +1.25pp | 31 / 27 | 43 / 16 | 17 of 59 | ±1.97% |
| 5d | -0.27% | +0.91% | +1.18pp | 34 / 25 | 36 / 23 | 7 of 59 | ±3.76% |
| 21d | -2.28% | -1.46% | +0.82pp | 23 / 34 | 32 / 25 | 9 of 57 | ±7.54% |
| YTD | +12.55% | +8.95% | -3.61pp | 40 / 15 | 22 / 33 | 4 of 55 | ±21.64% |
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)
- SIKA.XETRA+5.60%+0.05pp
- APD+1.24%+0.03pp
- NUE+1.30%+0.02pp
- DOW+2.39%+0.02pp
- ECL+0.72%+0.02pp
- BHP-1.99%-0.14pp
- AEM-4.63%-0.14pp
- NEM-3.49%-0.14pp
- FCX-3.87%-0.11pp
- AI-2.83%-0.11pp
This month (21d)
- LIN+6.42%+0.51pp
- AI+8.16%+0.32pp
- GIVN.SW+18.97%+0.18pp
- ECL+4.77%+0.1pp
- DSFIR.SW+12.24%+0.08pp
- NEM-10.17%-0.4pp
- AEM-10.10%-0.3pp
- WPM-13.62%-0.26pp
- CRH-9.68%-0.22pp
- VALE-8.71%-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)
- GIVN.SW+18.97%
- CRDA.LSE+12.30%
- DSFIR.SW+12.24%
- JMAT.LSE+8.79%
- AI+8.16%
- MOS-25.33%
- ALB-13.64%
- WPM-13.62%
- CF-11.86%
- NTR-11.24%
MXI — constituent leadership race
$100 in each covered MXI constituent at 2026-01-06, rebased to 100. Watch leadership change hands.
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 — 59 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| LIN Linde Plc | 7.90% | 492.70 | +0.12% | +1.80% | +6.42% | +15.94% | 88 |
| BHP Bhp Billiton Ltd ADR | 7.04% | 83.26 | -1.99% | -2.30% | -1.78% | +40.63% | 46 |
| AI C3.Ai Inc Cl A | 3.96% | 11.67 | -2.83% | +3.92% | +8.16% | -13.43% | 91 |
| NEM Newmont Mining Corp | 3.89% | 111.56 | -3.49% | -1.74% | -10.17% | +12.22% | 12 |
| RIO Rio Tinto Plc ADR | 3.65% | 6923.00 | -1.06% | -1.41% | -3.13% | +18.65% | 35 |
| FCX Freeport-Mcmoran Inc | 2.94% | 69.62 | -3.87% | -3.12% | +0.35% | +37.72% | 65 |
| AEM Agnico-Eagle Mines Ltd | 2.93% | 177.01 | -4.63% | -1.87% | -10.10% | +5.09% | 16 |
| GLEN.LSE GLENCORE PLC | 2.41% | 577.30 | -0.96% | +1.48% | +0.23% | +42.02% | 61 |
| SHW Sherwin-Williams Company | 2.35% | 324.54 | +0.14% | +3.03% | +0.41% | +0.38% | 67 |
| CRH CRH Plc ADR | 2.23% | 79.20 | -1.17% | -2.77% | -9.68% | -36.08% | 18 |
| APD Air Products and Chemicals | 2.13% | 292.53 | +1.24% | +5.18% | +0.68% | +20.04% | 70 |
| ECL Ecolab Inc | 2.10% | 287.71 | +0.72% | +3.46% | +4.77% | +9.89% | 84 |
| AAL American Airlines Gp | 1.97% | 11.79 | -5.68% | -8.25% | -7.67% | -23.09% | 23 |
| VALE Vale S.A. ADR | 1.94% | 13.21 | -1.20% | -2.94% | -8.71% | +4.27% | 21 |
| WPM Wheaton Precious Metals | 1.90% | 129.58 | -4.74% | -3.07% | -13.62% | +10.75% | 4 |
| CTVA Corteva Inc | 1.75% | 13.40 | +0.30% | -7.27% | — | — | — |
| NUE Nucor Corp | 1.70% | 257.11 | +1.30% | +4.33% | -0.66% | +58.17% | 53 |
| RIO Rio Tinto Plc ADR | 1.58% | 6923.00 | -1.06% | -1.41% | -3.13% | +18.65% | 35 |
| HOLN.SW HOLCIM LTD AG | 1.52% | 64.28 | +0.25% | +0.94% | -5.58% | -15.35% | 32 |
| FNV Franco Nev Corp | 1.43% | 235.05 | -3.61% | -1.20% | -10.66% | +13.83% | 11 |
| VMC Vulcan Materials Company | 1.14% | 241.77 | -0.73% | -0.97% | -2.98% | -14.90% | 39 |
| K Kellanova | 1.13% | 83.44 | +0.00% | +0.35% | — | — | — |
| NTR Nutrien Ltd | 1.11% | 69.87 | +0.27% | -0.14% | -11.24% | +15.06% | 7 |
| MLM Martin Marietta Materials | 1.07% | 471.10 | -0.28% | -1.65% | -7.05% | -24.14% | 25 |
| STLD Steel Dynamics Inc | 1.05% | 242.92 | +0.95% | +3.77% | +1.55% | +43.80% | 74 |
| SIKA.XETRA SIKA AG | 0.96% | 191.30 | +5.60% | +2.52% | +1.06% | +12.06% | 72 |
| GIVN.SW GIVAUDAN SA | 0.95% | 3825.00 | +0.21% | +11.91% | +18.97% | +24.94% | 98 |
| DOW Dow Inc | 0.85% | 29.19 | +2.39% | +5.11% | -2.21% | +27.61% | 44 |
| HEI Heico Corp | 0.83% | 298.58 | +0.62% | +0.95% | +0.58% | -7.70% | 68 |
| PPG PPG Industries | 0.79% | 104.87 | +0.31% | -0.20% | -0.02% | +3.61% | 58 |
| DSFIR.SW DSM FIRMENICH AG | 0.68% | 97.20 | +0.31% | +4.24% | +12.24% | — | 95 |
| ALB Albemarle Corp | 0.66% | 97.97 | +0.33% | -4.65% | -13.64% | -30.56% | 2 |
| SW Smurfit Westrock Plc | 0.65% | 40.75 | -1.69% | -1.31% | -6.77% | +7.53% | 26 |
| DD Dupont Denemours Inc | 0.63% | 128.48 | -0.83% | -1.98% | +0.34% | +7.39% | 63 |
| IFF International Flavors & Fragrances | 0.63% | 89.60 | +1.59% | +6.53% | +6.87% | +33.74% | 89 |
| PKG Packaging Corp of America | 0.63% | 229.96 | -0.73% | +1.19% | -0.54% | +12.16% | 54 |
| CF Cf Industries Holdings | 0.63% | 119.46 | +1.88% | +4.39% | -11.86% | +55.92% | 5 |
| ANTO.LSE ANTOFAGASTA PLC | 0.59% | 3572.00 | -0.45% | -3.25% | +2.03% | +8.95% | 77 |
| LYB Lyondellbasell Industries NV | 0.59% | 61.17 | +1.93% | +4.58% | -6.51% | +44.48% | 28 |
| AMCR Amcor Plc | 0.58% | 42.28 | +1.22% | +2.47% | -0.42% | — | 56 |
| IP International Paper Company | 0.55% | 31.90 | +0.28% | +0.25% | -6.15% | -16.99% | 30 |
| BOL.ST BOLIDEN | 0.53% | 533.00 | -2.70% | +1.45% | +3.45% | +5.79% | 79 |
| NHY.OL NORSK HYDRO | 0.51% | 76.50 | -1.54% | -1.75% | -9.47% | +0.66% | 19 |
| UPM.HE UPM-KYMMENE | 0.51% | 25.21 | +0.24% | +4.30% | -3.30% | +4.62% | 33 |
| BALL Ball Corporation | 0.49% | 60.43 | +1.46% | +5.13% | -0.95% | +14.84% | 51 |
| SCCO Southern Copper Corp | 0.49% | 200.68 | -3.25% | +0.05% | +5.96% | +43.86% | 86 |
| S32.LSE SOUTH32 LTD | 0.44% | 245.00 | -3.16% | -5.91% | -2.57% | +40.11% | 42 |
| AVY Avery Dennison Corp | 0.41% | 171.84 | +0.66% | +2.92% | +0.19% | -4.44% | 60 |
| SQM Sociedad Quimica Y Minera S.A. ADR | 0.37% | 61.64 | -1.89% | -4.60% | -11.04% | -9.76% | 9 |
| AKZA.AS AKZO NOBEL NV | 0.33% | 58.24 | -0.85% | +0.87% | +1.64% | +1.36% | 75 |
| YAR.OL YARA INTERNATIONAL | 0.31% | 404.00 | +0.50% | -1.99% | -10.12% | -2.42% | 14 |
| STERV.HE STORA ENSO CLASS R | 0.23% | 10.09 | +0.25% | +2.85% | -1.46% | -4.50% | 49 |
| MOS Mosaic Company | 0.23% | 19.01 | -0.89% | -4.81% | -25.33% | -19.61% | 0 |
| SCA-B.ST SVENSKA CELLULOSA B | 0.20% | 124.55 | +0.04% | +4.23% | +3.96% | +4.46% | 81 |
| CRDA.LSE CRODA INTERNATIONAL PLC | 0.18% | 3543.00 | +0.74% | +6.14% | +12.30% | +34.29% | 96 |
| SYENS.BR SYENSQO NV | 0.17% | 80.70 | +0.56% | +1.64% | +3.99% | +20.97% | 82 |
| JMAT.LSE JOHNSON MATTHEY PLC | 0.16% | 2476.00 | -0.24% | +2.65% | +8.79% | +6.71% | 93 |
| AKE.PA ARKEMA SA | 0.15% | 55.35 | +1.56% | +0.91% | -2.89% | +12.66% | 40 |
| MNDI.LSE MONDI PLC | 0.14% | 817.20 | +1.34% | +5.26% | -1.52% | -9.57% | 47 |
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
MXI dispersion — data Q&A
Is MXI's move broad or carried by a few names (21 sessions)?
As of 2026-10-14: over 21 sessions the fund returned -2.28% while its median constituent returned -1.46% — a dispersion of 7.54 pp; 56% of 57 members beat the fund. Broad decline - breadth is falling with price.
How did MXI's members trade in the last session?
As of 2026-10-14: fund -1.13%, median member +0.12%, 31 advancers vs 27 decliners.
What does the dispersion page for MXI 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. 59 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.