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Constituent dispersion · breadth vs the index

WTAI — WisdomTree AI & Innovation

47/48 covered · 77% by weight · benchmark: WTAI price · closes through 2026-11-04 ·holdings as of 2026-06-16

Concentration 26.8% in top 5 33.11 effective names · HHI 302
RS vs S&P 500 21d -22.35pp sector return − SPY
RS vs Nasdaq-100 21d -15.02pp sector return − QQQ
Broad decline - breadth is falling with price. Last 21 sessions — price -23.93% · A/D -73 (-1.55/name)
WTAI 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 -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.

5-day 31.91% 15/47 above
20-day 21.28% 10/47 above
50-day 25.53% 12/47 above
100-day 36.17% 17/47 above
150-day 46.81% 22/47 above
200-day 53.19% 25/47 above
% of constituents above their 50-day average — breadth over the last year; 50% is the participation midpoint

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.

HorizonNew highsNew lowsNet
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

WindowETFMedianMedian − ETF Up / DownBeat / Lag±1% bandDispersion
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.

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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 — 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.