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 | -13.10% | -1.4 | -2pp | +1.17pp | Confirming ↓ |
| 1 month | -23.93% | -1.55 | +35pp | +13.76pp | Confirming ↓ |
| 1 quarter | -14.64% | -0.74 | +11pp | +7.50pp | Confirming ↓ |
Over the last 126 sessions: price down -10.94%, breadth down (-0.62/name) · % beating 28→76 · median−ETF -10.06pp→+10.43pp.
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 2026-11-04.
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 | 11 (23%) | 20 (43%) | -9 |
| 1-Month | 8 (17%) | 16 (34%) | -8 |
| 3-Month | 5 (11%) | 15 (32%) | -10 |
| 6-Month | 4 (9%) | 8 (17%) | -4 |
| 52-Week | 2 (4%) | 1 (2%) | +1 |
| YTD | 3 (6%) | 2 (4%) | +1 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -3.24% | -0.61% | +2.62pp | 19 / 26 | 34 / 13 | 6 of 47 | ±5.43% |
| 5d | -13.10% | -9.96% | +3.14pp | 11 / 36 | 30 / 17 | 3 of 47 | ±12.03% |
| 21d | -23.93% | -13.39% | +10.53pp | 11 / 36 | 36 / 11 | 3 of 47 | ±17.43% |
| YTD | +19.05% | +15.25% | -3.79pp | 30 / 17 | 21 / 26 | 1 of 47 | ±43.34% |
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)
- AMZN+6.12%+0.23pp
- MSFT+6.68%+0.21pp
- ORCL+5.85%+0.19pp
- GOOGL+3.18%+0.18pp
- LYFT+12.42%+0.13pp
- MU-7.00%-0.28pp
- VRT-12.89%-0.2pp
- CLS-9.05%-0.14pp
- NVDA-3.17%-0.13pp
- DDOG-14.42%-0.13pp
This month (21d)
- SPOT+28.58%+0.22pp
- LYFT+18.91%+0.2pp
- MSFT+5.01%+0.16pp
- CHKP+11.69%+0.15pp
- AMZN+3.80%+0.14pp
- MU-23.93%-0.96pp
- INTC-48.20%-0.96pp
- GOOGL-16.90%-0.96pp
- TER-41.67%-0.81pp
- MRVL-44.31%-0.79pp
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)
- SPOT+28.58%
- LYFT+18.91%
- KR+18.08%
- IBM+14.93%
- CHKP+11.69%
- INTC-48.20%
- MRVL-44.31%
- ALAB-42.72%
- TER-41.67%
- CLS-39.11%
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% | 288.93 | +3.18% | -11.07% | -16.90% | -7.63% | 38 |
| NVDA Nvidia Corp | 4.20% | 200.13 | -3.17% | -7.08% | -16.35% | +7.44% | 40 |
| MU Micron Technology | 4.02% | 795.23 | -7.00% | -19.12% | -23.93% | +178.74% | 21 |
| AMZN Amazon.com Inc | 3.81% | 266.03 | +6.12% | +4.49% | +3.80% | +15.25% | 85 |
| ORCL Oracle Corp | 3.24% | 126.19 | +5.85% | -3.32% | -11.11% | -34.86% | 55 |
| AVGO Broadcom Ltd | 3.12% | 325.48 | -2.00% | -7.48% | -13.39% | -5.76% | 49 |
| MSFT Microsoft Corp | 3.10% | 555.80 | +6.68% | +4.67% | +5.01% | +15.19% | 87 |
| TSM Taiwan Semiconductor ADR | 2.24% | 395.75 | -2.24% | -9.96% | -17.95% | +30.52% | 32 |
| PANW Palo Alto Networks | 2.20% | 348.04 | -0.62% | -11.77% | -17.12% | +88.95% | 36 |
| AMD Adv Micro Devices | 2.17% | 488.78 | +1.01% | -15.50% | -24.74% | +128.23% | 19 |
| INTC Intel Corp | 1.99% | 58.27 | -3.77% | -39.00% | -48.20% | +57.91% | 0 |
| NOW Servicenow Inc | 1.99% | 108.81 | -0.32% | -27.52% | -21.14% | -28.97% | 23 |
| SNOW Snowflake Inc Cl A | 1.97% | 290.60 | -1.50% | -14.51% | -13.50% | +32.48% | 47 |
| TER Teradyne Inc | 1.94% | 250.99 | -6.82% | -19.87% | -41.67% | +29.72% | 6 |
| MRVL Marvell Technology Inc | 1.79% | 159.80 | -7.08% | -36.50% | -44.31% | +88.27% | 2 |
| CMI Cummins Inc | 1.78% | 471.84 | -5.76% | -11.21% | -11.86% | -6.96% | 53 |
| CLS Celestica Inc | 1.56% | 236.41 | -9.05% | -21.14% | -39.11% | -20.03% | 9 |
| VRT Vertiv Holdings Llc. | 1.55% | 205.55 | -12.89% | -15.39% | -18.80% | +26.91% | 28 |
| ASML ASML Holdings NY Reg ADR | 1.52% | 1496.30 | -3.60% | -10.02% | -18.42% | +40.35% | 30 |
| PLTR Palantir Technologies Cl A | 1.44% | 171.70 | -2.11% | -12.76% | -10.61% | -3.40% | 57 |
| ALAB Astera Labs Inc | 1.43% | 223.27 | -4.43% | -24.88% | -42.72% | +34.21% | 4 |
| MDB Mongodb Inc Cl A | 1.37% | 328.38 | -2.08% | -16.54% | -8.96% | -21.76% | 60 |
| CRM Salesforce Inc | 1.34% | 227.11 | +2.21% | -6.20% | +0.94% | -14.05% | 79 |
| CHKP Check Point Software | 1.32% | 147.41 | +3.61% | -5.03% | +11.69% | -20.56% | 89 |
| DOCN Digitalocean Holdings Inc | 1.30% | 84.02 | -7.16% | -20.03% | -35.87% | +74.61% | 13 |
| FROG Jfrog Ltd | 1.23% | 86.34 | -2.43% | -14.06% | -12.35% | +38.23% | 51 |
| CRWD Crowdstrike Holdings | 1.23% | 241.00 | -1.50% | -9.62% | -13.58% | +105.65% | 45 |
| CFLT Confluent Inc Cl A | 1.20% | 30.99 | +0.00% | +0.85% | +1.41% | +2.48% | 81 |
| TEAM Atlassian Corp | 1.14% | 189.88 | -0.61% | -13.74% | -2.11% | +17.11% | 70 |
| LSCC Lattice Semicond | 1.13% | 107.25 | +1.26% | +2.96% | -20.24% | +45.76% | 26 |
| ANET Arista Networks Inc | 1.09% | 178.48 | +5.04% | -4.41% | -17.12% | +36.21% | 34 |
| NET Cloudflare Inc Cl A | 1.08% | 266.58 | -2.57% | -16.36% | -24.91% | +35.22% | 17 |
| LYFT Lyft Inc Cl A | 1.07% | 18.74 | +12.42% | +14.69% | +18.91% | -3.25% | 96 |
| CRDO Credo Technology Group Holding Ltd | 1.05% | 136.50 | -9.55% | -21.41% | -38.19% | -5.14% | 11 |
| IBM Intl Business Machines | 0.97% | 254.32 | +1.71% | +0.43% | +14.93% | -13.65% | 91 |
| DDOG Datadog Inc Cl A | 0.92% | 188.72 | -14.42% | -32.22% | -32.17% | +38.77% | 15 |
| MCHP Microchip Technology | 0.91% | 75.34 | -3.29% | -5.39% | -7.29% | +18.93% | 62 |
| SYM Symbotic Inc | 0.89% | 37.51 | -0.03% | -3.75% | -15.04% | -36.96% | 43 |
| EQIX Equinix Inc | 0.84% | 1054.09 | +3.91% | +4.61% | +0.64% | +39.01% | 77 |
| SPOT Spotify Technology S.A. | 0.78% | 627.66 | +4.59% | +16.58% | +28.58% | +8.08% | 98 |
| DE Deere & Company | 0.68% | 676.50 | +1.60% | +5.59% | -0.92% | +45.73% | 74 |
| SAIL Sailpoint Inc | 0.66% | 19.72 | +3.84% | -11.49% | -0.95% | -2.52% | 72 |
| KR Kroger Company | 0.58% | 68.97 | +3.23% | +6.08% | +18.08% | +11.53% | 94 |
| NFLX Netflix Inc | 0.57% | 66.39 | +4.68% | +7.10% | -3.35% | -29.19% | 68 |
| SHOP Shopify Inc | 0.48% | 153.03 | +7.34% | -9.03% | -6.94% | -4.93% | 64 |
| GTLB Gitlab Inc Cl A | 0.46% | 52.37 | +0.00% | -9.66% | +1.43% | +39.54% | 83 |
| QCOM Qualcomm Inc | 0.43% | 173.19 | +5.33% | -5.35% | -4.33% | +1.90% | 66 |
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
WTAI dispersion — data Q&A
Is WTAI's move broad or carried by a few names (21 sessions)?
As of 2026-11-04: over 21 sessions the fund returned -23.93% while its median constituent returned -13.39% — a dispersion of 17.43 pp; 77% of 47 members beat the fund. Broad decline - breadth is falling with price.
How did WTAI's members trade in the last session?
As of 2026-11-04: fund -3.24%, median member -0.61%, 19 advancers vs 26 decliners.
What does the dispersion page for WTAI 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. 47 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.