Constituent dispersion · breadth vs the index
WTAI — WisdomTree AI & Innovation
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 | -8.37% | +0.64 | +28pp | +9.24pp | Improving |
| 1 month | -9.41% | -2.09 | +17pp | +14.56pp | Confirming ↓ |
| 1 quarter | +47.00% | +5.11 | +17pp | +3.53pp | Confirming ↑ |
Over the last 126 sessions: price up +46.09%, breadth up (+3.49/name) · % beating 41→54 · median−ETF -1.36pp→+1.84pp.
Stocks above their moving average — participation breadth
Of the 47 covered constituents, the share trading above each simple moving average — the classic breadth gauge. A firm index price with a low %-above-MA is a narrow, top-heavy tape. As of 2026-07-02.
New highs & new lows — by horizon
How many of the 47 covered constituents closed today at a new high (or low) over each window, and the net. A shrinking net as the index holds up = fewer names leading.
| Horizon | New highs | New lows | Net |
|---|---|---|---|
| 5-Day | 15 (32%) | 16 (34%) | -1 |
| 1-Month | 5 (11%) | 8 (17%) | -3 |
| 3-Month | 3 (6%) | 0 (0%) | +3 |
| 6-Month | 2 (4%) | 0 (0%) | +2 |
| 52-Week | 2 (4%) | 0 (0%) | +2 |
| YTD | 2 (4%) | 0 (0%) | +2 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -5.42% | -1.39% | +4.03pp | 15 / 31 | 39 / 8 | 5 of 47 | ±3.92% |
| 5d | -8.37% | +1.48% | +9.85pp | 25 / 21 | 37 / 9 | 4 of 46 | ±11.57% |
| 21d | -9.41% | -6.66% | +2.74pp | 11 / 35 | 26 / 20 | 3 of 46 | ±12.1% |
| YTD | +46.09% | +14.40% | -31.69pp | 29 / 17 | 14 / 32 | 0 of 46 | ±70.93% |
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)
- FROG+4.89%+0.06pp
- MSFT+1.62%+0.05pp
- PLTR+2.84%+0.04pp
- LYFT+3.64%+0.04pp
- NFLX+4.66%+0.03pp
- TER-13.63%-0.26pp
- MU-5.49%-0.22pp
- MRVL-9.84%-0.18pp
- DOCN-9.99%-0.13pp
- CLS-7.03%-0.11pp
This month (21d)
- PANW+17.12%+0.38pp
- INTC+11.51%+0.23pp
- ALAB+14.24%+0.2pp
- LYFT+8.93%+0.1pp
- FROG+7.68%+0.09pp
- ORCL-42.65%-1.38pp
- AVGO-25.15%-0.78pp
- NVDA-12.46%-0.52pp
- CLS-28.83%-0.45pp
- MSFT-11.52%-0.36pp
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)
- PANW+17.12%
- ALAB+14.24%
- INTC+11.51%
- LYFT+8.93%
- FROG+7.68%
- ORCL-42.65%
- CLS-28.83%
- QCOM-26.55%
- AVGO-25.15%
- DOCN-24.81%
WTAI — constituent leadership race
$100 in each covered WTAI constituent at 2025-12-30, 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 — 47 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| GOOGL Alphabet Cl A | 5.66% | 359.91 | -0.36% | +4.71% | -0.48% | +15.07% | 72 |
| NVDA Nvidia Corp | 4.20% | 194.83 | -1.39% | -0.46% | -12.46% | +4.47% | 28 |
| MU Micron Technology | 4.02% | 975.56 | -5.49% | -19.61% | -8.32% | +241.95% | 46 |
| AMZN Amazon.com Inc | 3.81% | 242.67 | +0.40% | +6.90% | -5.40% | +5.13% | 57 |
| ORCL Oracle Corp | 3.24% | 140.27 | -1.56% | -8.00% | -42.65% | -27.59% | 0 |
| AVGO Broadcom Ltd | 3.12% | 360.45 | -2.41% | -4.87% | -25.15% | +4.36% | 7 |
| MSFT Microsoft Corp | 3.10% | 390.49 | +1.62% | +10.67% | -11.52% | -19.07% | 33 |
| TSM Taiwan Semiconductor ADR | 2.24% | 434.16 | -2.27% | -0.19% | -2.63% | +43.19% | 63 |
| PANW Palo Alto Networks | 2.20% | 348.06 | -1.13% | +18.76% | +17.12% | +88.96% | 98 |
| AMD Adv Micro Devices | 2.17% | 517.82 | -4.26% | -2.77% | -0.71% | +141.79% | 70 |
| INTC Intel Corp | 1.99% | 120.35 | -5.25% | -9.42% | +11.51% | +226.15% | 93 |
| NOW Servicenow Inc | 1.99% | 106.32 | +0.49% | +18.77% | -16.71% | -30.60% | 17 |
| SNOW Snowflake Inc Cl A | 1.97% | 260.15 | -0.40% | +14.57% | -0.38% | +18.60% | 74 |
| TER Teradyne Inc | 1.94% | 369.09 | -13.63% | -21.80% | -5.99% | +90.76% | 52 |
| MRVL Marvell Technology Inc | 1.79% | 245.29 | -9.84% | -12.79% | -15.65% | +189.00% | 20 |
| CMI Cummins Inc | 1.78% | 661.70 | -3.02% | -9.06% | -1.63% | +30.48% | 67 |
| CLS Celestica Inc | 1.56% | 336.21 | -7.03% | -6.97% | -28.83% | +13.73% | 2 |
| VRT Vertiv Holdings Llc. | 1.55% | 300.53 | -3.50% | -7.69% | -10.15% | +85.55% | 39 |
| ASML ASML Holdings NY Reg ADR | 1.52% | 1769.32 | -4.00% | -3.90% | +3.75% | +65.96% | 83 |
| PLTR Palantir Technologies Cl A | 1.44% | 129.30 | +2.84% | +20.54% | -15.03% | -27.26% | 22 |
| ALAB Astera Labs Inc | 1.43% | 406.42 | -5.67% | +2.12% | +14.24% | +144.30% | 96 |
| MDB Mongodb Inc Cl A | 1.37% | 354.88 | -1.25% | +20.67% | -10.94% | -15.44% | 37 |
| CRM Salesforce Inc | 1.34% | 166.11 | +1.76% | +10.60% | -17.08% | -37.14% | 15 |
| CHKP Check Point Software | 1.32% | 136.58 | +1.71% | +11.19% | -2.49% | -26.40% | 65 |
| DOCN Digitalocean Holdings Inc | 1.30% | 130.13 | -9.99% | -10.47% | -24.81% | +170.43% | 9 |
| FROG Jfrog Ltd | 1.23% | 94.81 | +4.89% | +20.32% | +7.68% | +51.79% | 89 |
| CRWD Crowdstrike Holdings | 1.23% | 193.98 | +0.41% | — | — | — | — |
| CFLT Confluent Inc Cl A | 1.20% | 30.99 | +0.00% | +0.85% | +1.41% | +2.48% | 78 |
| TEAM Atlassian Corp | 1.14% | 83.84 | +0.81% | +12.27% | -23.15% | -48.29% | 11 |
| LSCC Lattice Semicond | 1.13% | 136.53 | -6.68% | -5.32% | -9.79% | +85.55% | 41 |
| ANET Arista Networks Inc | 1.09% | 159.99 | -3.98% | -3.30% | -8.75% | +22.10% | 43 |
| NET Cloudflare Inc Cl A | 1.08% | 242.41 | -1.58% | +6.95% | -11.09% | +22.96% | 35 |
| LYFT Lyft Inc Cl A | 1.07% | 15.37 | +3.64% | +9.16% | +8.93% | -20.65% | 91 |
| CRDO Credo Technology Group Holding Ltd | 1.05% | 241.91 | -6.63% | -9.75% | +5.64% | +68.12% | 85 |
| IBM Intl Business Machines | 0.97% | 289.52 | +1.14% | +12.10% | -12.06% | -1.70% | 30 |
| DDOG Datadog Inc Cl A | 0.92% | 260.36 | -1.56% | +17.84% | -3.26% | +91.46% | 59 |
| MCHP Microchip Technology | 0.91% | 84.64 | -4.57% | -10.07% | -12.71% | +33.61% | 26 |
| SYM Symbotic Inc | 0.89% | 42.74 | -4.94% | +4.83% | -12.94% | -28.17% | 24 |
| EQIX Equinix Inc | 0.84% | 1002.02 | -1.14% | -7.87% | -6.51% | +32.15% | 50 |
| SPOT Spotify Technology S.A. | 0.78% | 485.97 | +2.86% | +10.14% | -3.10% | -16.31% | 61 |
| DE Deere & Company | 0.68% | 621.27 | -1.01% | -1.25% | +7.25% | +33.83% | 87 |
| SAIL Sailpoint Inc | 0.66% | 15.27 | -0.26% | +20.33% | -23.03% | -24.52% | 13 |
| KR Kroger Company | 0.58% | 58.22 | +3.52% | +0.78% | -5.43% | -5.86% | 54 |
| NFLX Netflix Inc | 0.57% | 77.65 | +4.66% | +9.52% | -6.82% | -17.18% | 48 |
| SHOP Shopify Inc | 0.48% | 119.46 | -1.78% | +7.02% | +2.09% | -25.79% | 80 |
| GTLB Gitlab Inc Cl A | 0.46% | 32.07 | +1.71% | +16.66% | +0.79% | -14.55% | 76 |
| QCOM Qualcomm Inc | 0.43% | 176.25 | -3.12% | -13.98% | -26.55% | +3.70% | 4 |
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.