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 | -9.77% | -1.02 | +33pp | +11.50pp | Confirming ↓ |
| 1 month | -11.93% | -0.68 | +29pp | +13.75pp | Confirming ↓ |
| 1 quarter | +17.83% | +2.13 | +35pp | +16.85pp | Confirming ↑ |
Over the last 126 sessions: price up +31.52%, breadth up (+3/name) · % beating 35→70 · median−ETF -4.62pp→+9.68pp.
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 2026-07-17.
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 | 3 (6%) | 19 (40%) | -16 |
| 1-Month | 2 (4%) | 10 (21%) | -8 |
| 3-Month | 2 (4%) | 2 (4%) | +0 |
| 6-Month | 2 (4%) | 1 (2%) | +1 |
| 52-Week | 2 (4%) | 0 (0%) | +2 |
| YTD | 2 (4%) | 1 (2%) | +1 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.75% | -0.83% | -0.08pp | 17 / 29 | 23 / 24 | 22 of 47 | ±1.93% |
| 5d | -9.77% | -3.86% | +5.91pp | 16 / 31 | 36 / 11 | 7 of 47 | ±8.72% |
| 21d | -11.93% | -2.22% | +9.71pp | 20 / 27 | 33 / 14 | 2 of 47 | ±14.21% |
| YTD | +35.59% | +10.87% | -24.72pp | 30 / 17 | 16 / 31 | 0 of 47 | ±57.71% |
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)
- ORCL+1.77%+0.06pp
- PANW+1.32%+0.03pp
- FROG+2.32%+0.03pp
- DOCN+1.62%+0.02pp
- NET+1.91%+0.02pp
- GOOGL-2.17%-0.12pp
- NVDA-2.21%-0.09pp
- ALAB-5.04%-0.07pp
- MDB-4.95%-0.07pp
- TSM-2.77%-0.06pp
This month (21d)
- PANW+28.15%+0.62pp
- SNOW+12.83%+0.25pp
- CRWD+19.55%+0.24pp
- NET+20.21%+0.22pp
- CHKP+12.41%+0.16pp
- ORCL-32.88%-1.07pp
- MU-16.83%-0.68pp
- MRVL-32.29%-0.58pp
- DOCN-31.73%-0.41pp
- TER-21.25%-0.41pp
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+28.15%
- NET+20.21%
- CRWD+19.55%
- GTLB+17.66%
- SNOW+12.83%
- ORCL-32.88%
- MRVL-32.29%
- DOCN-31.73%
- IBM-21.47%
- TER-21.25%
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% | 346.77 | -2.17% | -2.91% | -7.09% | +10.87% | 36 |
| NVDA Nvidia Corp | 4.20% | 202.81 | -2.21% | -3.86% | -2.22% | +8.88% | 49 |
| MU Micron Technology | 4.02% | 848.95 | -0.50% | -13.31% | -16.83% | +197.57% | 17 |
| AMZN Amazon.com Inc | 3.81% | 247.23 | -1.06% | +0.77% | +0.50% | +7.11% | 60 |
| ORCL Oracle Corp | 3.24% | 126.41 | +1.77% | -10.12% | -32.88% | -34.75% | 0 |
| AVGO Broadcom Ltd | 3.12% | 370.83 | -0.97% | -7.29% | -1.40% | +7.37% | 51 |
| MSFT Microsoft Corp | 3.10% | 393.82 | -1.82% | +2.26% | +0.00% | -18.38% | 55 |
| TSM Taiwan Semiconductor ADR | 2.24% | 398.37 | -2.77% | -8.23% | -6.45% | +31.39% | 40 |
| PANW Palo Alto Networks | 2.20% | 358.68 | +1.32% | +10.05% | +28.15% | +94.72% | 98 |
| AMD Adv Micro Devices | 2.17% | 495.76 | -1.03% | -11.14% | -2.27% | +131.49% | 47 |
| INTC Intel Corp | 1.99% | 95.04 | -2.00% | -13.47% | -18.80% | +157.56% | 15 |
| NOW Servicenow Inc | 1.99% | 103.24 | -0.74% | -4.15% | +1.88% | -32.61% | 68 |
| SNOW Snowflake Inc Cl A | 1.97% | 268.90 | -0.41% | +2.85% | +12.83% | +22.58% | 89 |
| TER Teradyne Inc | 1.94% | 322.36 | +0.02% | -10.36% | -21.25% | +66.61% | 9 |
| MRVL Marvell Technology Inc | 1.79% | 188.68 | +0.20% | -19.99% | -32.29% | +122.30% | 2 |
| CMI Cummins Inc | 1.78% | 648.48 | +0.10% | -4.06% | -7.36% | +27.87% | 34 |
| CLS Celestica Inc | 1.56% | 301.34 | -0.83% | -16.26% | -21.12% | +1.94% | 11 |
| VRT Vertiv Holdings Llc. | 1.55% | 289.56 | -1.55% | -9.19% | -3.35% | +78.77% | 43 |
| ASML ASML Holdings NY Reg ADR | 1.52% | 1747.58 | -2.09% | -2.77% | -3.12% | +63.92% | 45 |
| PLTR Palantir Technologies Cl A | 1.44% | 132.38 | -1.53% | +4.41% | -0.65% | -25.52% | 53 |
| ALAB Astera Labs Inc | 1.43% | 303.62 | -5.04% | -26.48% | -16.06% | +82.51% | 19 |
| MDB Mongodb Inc Cl A | 1.37% | 312.33 | -4.95% | -8.70% | -10.46% | -25.58% | 30 |
| CRM Salesforce Inc | 1.34% | 170.77 | -1.11% | +4.56% | +5.60% | -35.38% | 72 |
| CHKP Check Point Software | 1.32% | 137.10 | +0.43% | +4.10% | +12.41% | -26.12% | 85 |
| DOCN Digitalocean Holdings Inc | 1.30% | 118.91 | +1.62% | -8.87% | -31.73% | +147.11% | 4 |
| FROG Jfrog Ltd | 1.23% | 88.54 | +2.32% | -2.42% | +12.82% | +41.75% | 87 |
| CRWD Crowdstrike Holdings | 1.23% | 203.08 | -0.33% | +8.49% | +19.55% | +73.29% | 94 |
| CFLT Confluent Inc Cl A | 1.20% | 30.99 | +0.00% | +0.85% | +1.41% | +2.48% | 64 |
| TEAM Atlassian Corp | 1.14% | 93.29 | +1.01% | +4.99% | +6.07% | -42.46% | 74 |
| LSCC Lattice Semicond | 1.13% | 125.23 | +0.59% | -8.88% | -12.72% | +70.20% | 26 |
| ANET Arista Networks Inc | 1.09% | 168.61 | +0.03% | -9.81% | +0.36% | +28.68% | 57 |
| NET Cloudflare Inc Cl A | 1.08% | 277.66 | +1.91% | +3.45% | +20.21% | +40.84% | 96 |
| LYFT Lyft Inc Cl A | 1.07% | 15.52 | -2.88% | -0.58% | +8.68% | -19.88% | 77 |
| CRDO Credo Technology Group Holding Ltd | 1.05% | 202.68 | -2.54% | -21.38% | -15.26% | +40.86% | 23 |
| IBM Intl Business Machines | 0.97% | 212.67 | -2.91% | -26.04% | -21.47% | -27.79% | 6 |
| DDOG Datadog Inc Cl A | 0.92% | 258.69 | -1.38% | +0.45% | +11.93% | +90.23% | 83 |
| MCHP Microchip Technology | 0.91% | 80.96 | -0.88% | -8.61% | -15.34% | +27.80% | 21 |
| SYM Symbotic Inc | 0.89% | 41.25 | -1.74% | -5.48% | +1.08% | -30.67% | 62 |
| EQIX Equinix Inc | 0.84% | 1020.00 | +1.08% | -2.97% | -6.82% | +34.52% | 38 |
| SPOT Spotify Technology S.A. | 0.78% | 478.14 | +0.43% | -0.34% | +1.77% | -17.66% | 66 |
| DE Deere & Company | 0.68% | 597.24 | -0.29% | +1.77% | +2.04% | +28.66% | 70 |
| SAIL Sailpoint Inc | 0.66% | 15.68 | -1.13% | +14.37% | +11.28% | -22.49% | 81 |
| KR Kroger Company | 0.58% | 58.82 | +0.36% | -2.84% | -8.28% | -4.89% | 32 |
| NFLX Netflix Inc | 0.57% | 68.95 | -7.26% | -6.02% | -12.41% | -26.46% | 28 |
| SHOP Shopify Inc | 0.48% | 123.56 | -1.20% | +0.83% | +9.12% | -23.24% | 79 |
| GTLB Gitlab Inc Cl A | 0.46% | 32.72 | +3.04% | +0.93% | +17.66% | -12.82% | 91 |
| QCOM Qualcomm Inc | 0.43% | 171.78 | +0.69% | -9.19% | -19.76% | +1.07% | 13 |
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.