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 | +5.31% | +0.68 | -17pp | -5.06pp | Confirming ↑ |
| 1 month | +7.44% | +0.96 | -2pp | -2.15pp | Confirming ↑ |
| 1 quarter | -6.11% | +1.06 | +22pp | +5.59pp | Improving |
Over the last 126 sessions: price up +55.34%, breadth up (+5.79/name) · % beating 67→48 · median−ETF +2.41pp→-1.81pp.
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 2026-09-24.
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 | 12 (26%) | 7 (15%) | +5 |
| 1-Month | 9 (19%) | 4 (9%) | +5 |
| 3-Month | 6 (13%) | 1 (2%) | +5 |
| 6-Month | 5 (11%) | 0 (0%) | +5 |
| 52-Week | 3 (7%) | 0 (0%) | +3 |
| YTD | 5 (11%) | 0 (0%) | +5 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.43% | +0.00% | +0.43pp | 23 / 23 | 29 / 18 | 25 of 47 | ±1.66% |
| 5d | +5.31% | +2.39% | -2.92pp | 33 / 14 | 19 / 28 | 4 of 47 | ±6.69% |
| 21d | +7.44% | +5.41% | -2.03pp | 33 / 14 | 22 / 25 | 3 of 47 | ±13.62% |
| YTD | +49.69% | +20.57% | -29.13pp | 36 / 11 | 18 / 29 | 2 of 47 | ±73.69% |
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)
- INTC+3.91%+0.08pp
- GOOGL+1.34%+0.08pp
- AMD+2.38%+0.05pp
- CLS+3.24%+0.05pp
- MU+0.81%+0.03pp
- ORCL-3.47%-0.11pp
- CHKP-3.45%-0.05pp
- NOW-2.13%-0.04pp
- AVGO-1.30%-0.04pp
- IBM-2.45%-0.02pp
This month (21d)
- INTC+45.62%+0.91pp
- AMD+31.32%+0.68pp
- MU+15.82%+0.64pp
- CRWD+40.07%+0.49pp
- ALAB+27.55%+0.39pp
- LYFT-16.43%-0.18pp
- AMZN-4.47%-0.17pp
- CMI-9.01%-0.16pp
- CRDO-13.48%-0.14pp
- ORCL-3.61%-0.12pp
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)
- INTC+45.62%
- CRWD+40.07%
- AMD+31.32%
- NET+29.27%
- ALAB+27.55%
- LYFT-16.43%
- CRDO-13.48%
- NFLX-12.78%
- CMI-9.01%
- SPOT-7.45%
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% | 342.36 | +1.34% | -1.43% | -1.26% | +9.46% | 26 |
| NVDA Nvidia Corp | 4.20% | 224.58 | -0.41% | +2.39% | +5.41% | +20.57% | 49 |
| MU Micron Technology | 4.02% | 1080.53 | +0.81% | +10.54% | +15.82% | +278.75% | 77 |
| AMZN Amazon.com Inc | 3.81% | 249.38 | +0.04% | -0.72% | -4.47% | +8.04% | 13 |
| ORCL Oracle Corp | 3.24% | 139.54 | -3.47% | -7.34% | -3.61% | -27.97% | 17 |
| AVGO Broadcom Ltd | 3.12% | 350.36 | -1.30% | +1.06% | -1.79% | +1.44% | 23 |
| MSFT Microsoft Corp | 3.10% | 497.93 | -0.53% | +0.04% | +1.26% | +3.19% | 32 |
| TSM Taiwan Semiconductor ADR | 2.24% | 451.15 | +1.03% | +4.86% | +8.08% | +48.79% | 57 |
| PANW Palo Alto Networks | 2.20% | 389.92 | -0.86% | +3.96% | +14.72% | +111.68% | 68 |
| AMD Adv Micro Devices | 2.17% | 629.26 | +2.38% | +15.44% | +31.32% | +193.83% | 94 |
| INTC Intel Corp | 1.99% | 127.39 | +3.91% | +17.09% | +45.62% | +245.23% | 98 |
| NOW Servicenow Inc | 1.99% | 137.78 | -2.13% | -0.50% | +8.49% | -10.06% | 60 |
| SNOW Snowflake Inc Cl A | 1.97% | 334.00 | -0.24% | -1.30% | +5.36% | +52.26% | 47 |
| TER Teradyne Inc | 1.94% | 387.70 | -0.37% | +9.79% | +5.85% | +100.38% | 51 |
| MRVL Marvell Technology Inc | 1.79% | 258.95 | -0.75% | +7.56% | +7.73% | +205.09% | 53 |
| CMI Cummins Inc | 1.78% | 521.07 | -0.68% | -0.54% | -9.01% | +2.75% | 6 |
| CLS Celestica Inc | 1.56% | 373.56 | +3.24% | +13.22% | +21.74% | +26.37% | 83 |
| VRT Vertiv Holdings Llc. | 1.55% | 245.30 | -1.40% | +1.58% | -4.09% | +51.45% | 15 |
| ASML ASML Holdings NY Reg ADR | 1.52% | 1722.50 | -1.27% | +5.70% | -1.24% | +61.57% | 28 |
| PLTR Palantir Technologies Cl A | 1.44% | 192.59 | +0.42% | +9.28% | +11.50% | +8.35% | 66 |
| ALAB Astera Labs Inc | 1.43% | 360.51 | +0.01% | +22.81% | +27.55% | +116.70% | 89 |
| MDB Mongodb Inc Cl A | 1.37% | 421.40 | -1.62% | +7.11% | +4.07% | +0.41% | 38 |
| CRM Salesforce Inc | 1.34% | 238.22 | +0.27% | -1.91% | +15.82% | -9.85% | 74 |
| CHKP Check Point Software | 1.32% | 136.29 | -3.45% | +0.04% | +5.23% | -26.55% | 40 |
| DOCN Digitalocean Holdings Inc | 1.30% | 141.57 | +0.25% | +6.46% | +25.76% | +194.20% | 87 |
| FROG Jfrog Ltd | 1.23% | 94.20 | +2.03% | +0.23% | +5.27% | +50.82% | 45 |
| CRWD Crowdstrike Holdings | 1.23% | 259.67 | -1.07% | +5.69% | +40.07% | +121.58% | 96 |
| CFLT Confluent Inc Cl A | 1.20% | 30.99 | +0.00% | +0.85% | +1.41% | +2.48% | 34 |
| TEAM Atlassian Corp | 1.14% | 192.61 | -1.27% | +0.04% | +15.69% | +18.79% | 72 |
| LSCC Lattice Semicond | 1.13% | 122.22 | +0.46% | +12.61% | +5.27% | +66.10% | 43 |
| ANET Arista Networks Inc | 1.09% | 205.70 | +1.10% | +3.09% | +7.73% | +56.99% | 55 |
| NET Cloudflare Inc Cl A | 1.08% | 358.82 | +1.84% | +7.45% | +29.27% | +82.00% | 91 |
| LYFT Lyft Inc Cl A | 1.07% | 14.75 | -0.14% | -4.84% | -16.43% | -23.85% | 0 |
| CRDO Credo Technology Group Holding Ltd | 1.05% | 195.97 | +1.08% | +16.48% | -13.48% | +36.19% | 2 |
| IBM Intl Business Machines | 0.97% | 227.06 | -2.45% | -4.50% | -3.04% | -22.91% | 21 |
| DDOG Datadog Inc Cl A | 0.92% | 256.92 | +2.16% | +8.86% | +15.22% | +88.93% | 70 |
| MCHP Microchip Technology | 0.91% | 74.69 | -1.11% | +5.46% | +1.62% | +17.91% | 36 |
| SYM Symbotic Inc | 0.89% | 44.04 | +0.80% | -1.28% | +8.98% | -25.98% | 62 |
| EQIX Equinix Inc | 0.84% | 1034.76 | -0.28% | +0.86% | -3.60% | +36.47% | 19 |
| SPOT Spotify Technology S.A. | 0.78% | 511.38 | +0.19% | -3.30% | -7.45% | -11.94% | 9 |
| DE Deere & Company | 0.68% | 694.94 | -2.05% | +1.36% | +10.19% | +49.70% | 64 |
| SAIL Sailpoint Inc | 0.66% | 22.12 | +3.32% | +9.56% | +23.78% | +9.34% | 85 |
| KR Kroger Company | 0.58% | 58.92 | +2.22% | -3.01% | +0.80% | -4.73% | 30 |
| NFLX Netflix Inc | 0.57% | 71.72 | +0.50% | -4.77% | -12.78% | -23.51% | 4 |
| SHOP Shopify Inc | 0.48% | 145.16 | +1.98% | +12.88% | -5.67% | -9.82% | 11 |
| GTLB Gitlab Inc Cl A | 0.46% | 48.62 | -0.80% | -3.28% | +16.71% | +29.55% | 79 |
| QCOM Qualcomm Inc | 0.43% | 194.26 | -1.51% | +2.94% | +21.65% | +14.30% | 81 |
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 2026-09-24: over 21 sessions the fund returned +7.44% while its median constituent returned +5.41% — a dispersion of 13.62 pp; 47% of 47 members beat the fund. Broad advance - breadth is rising with price.
How did WTAI's members trade in the last session?
As of 2026-09-24: fund -0.43%, median member +0.00%, 23 advancers vs 23 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.