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 | -2.88% | -0.55 | +16pp | +7.89pp | Confirming ↓ |
| 1 month | -2.22% | -1.13 | +2pp | -1.39pp | Confirming ↓ |
| 1 quarter | -11.66% | -2.19 | +20pp | +9.99pp | Confirming ↓ |
Over the last 126 sessions: price up +42.71%, breadth up (+4.19/name) · % beating 57→59 · median−ETF +3.28pp→+2.68pp.
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 2026-09-03.
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%) | 6 (13%) | +6 |
| 1-Month | 6 (13%) | 4 (9%) | +2 |
| 3-Month | 6 (13%) | 2 (4%) | +4 |
| 6-Month | 4 (9%) | 0 (0%) | +4 |
| 52-Week | 3 (7%) | 0 (0%) | +3 |
| YTD | 3 (6%) | 0 (0%) | +3 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.73% | +1.59% | -0.14pp | 33 / 13 | 23 / 24 | 12 of 47 | ±3.5% |
| 5d | -2.88% | -1.83% | +1.05pp | 19 / 28 | 26 / 21 | 5 of 47 | ±7.45% |
| 21d | -2.22% | +0.73% | +2.95pp | 25 / 22 | 28 / 19 | 4 of 47 | ±16.57% |
| YTD | +39.09% | +15.41% | -23.68pp | 34 / 13 | 18 / 29 | 0 of 47 | ±53.14% |
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)
- SNOW+16.55%+0.33pp
- ORCL+5.69%+0.18pp
- CLS+11.55%+0.18pp
- NOW+6.49%+0.13pp
- PLTR+7.71%+0.11pp
- AVGO-2.74%-0.09pp
- ASML-2.15%-0.03pp
- CMI-0.98%-0.02pp
- TER-0.89%-0.02pp
- FROG-1.22%-0.02pp
This month (21d)
- TEAM+71.80%+0.82pp
- CRM+37.02%+0.5pp
- NOW+24.20%+0.48pp
- MU+7.27%+0.29pp
- SNOW+12.51%+0.25pp
- AVGO-14.61%-0.46pp
- GOOGL-5.50%-0.31pp
- CMI-16.11%-0.29pp
- CRDO-26.92%-0.28pp
- TER-13.05%-0.25pp
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)
- TEAM+71.80%
- CRM+37.02%
- GTLB+36.37%
- NOW+24.20%
- SPOT+16.15%
- CRDO-26.92%
- DDOG-24.16%
- CMI-16.11%
- AVGO-14.61%
- CLS-14.59%
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% | 342.48 | +1.59% | +0.54% | -5.50% | +9.50% | 28 |
| NVDA Nvidia Corp | 4.20% | 228.45 | +1.80% | +0.21% | +4.21% | +22.64% | 62 |
| MU Micron Technology | 4.02% | 958.16 | +0.22% | +2.43% | +7.27% | +235.85% | 74 |
| AMZN Amazon.com Inc | 3.81% | 258.90 | +1.54% | +1.03% | -5.04% | +12.17% | 32 |
| ORCL Oracle Corp | 3.24% | 154.04 | +5.69% | +1.38% | +6.68% | -20.48% | 68 |
| AVGO Broadcom Ltd | 3.12% | 357.16 | -2.74% | -3.87% | -14.61% | +3.41% | 6 |
| MSFT Microsoft Corp | 3.10% | 510.12 | +2.68% | +1.00% | +4.65% | +5.72% | 64 |
| TSM Taiwan Semiconductor ADR | 2.24% | 417.01 | +0.36% | -2.41% | +0.73% | +37.53% | 49 |
| PANW Palo Alto Networks | 2.20% | 331.94 | +1.05% | -13.30% | -8.47% | +80.21% | 23 |
| AMD Adv Micro Devices | 2.17% | 456.16 | -0.20% | -4.30% | -5.37% | +113.00% | 30 |
| INTC Intel Corp | 1.99% | 91.67 | +1.80% | -0.46% | -9.29% | +148.43% | 21 |
| NOW Servicenow Inc | 1.99% | 145.59 | +6.49% | +5.17% | +24.20% | -4.96% | 91 |
| SNOW Snowflake Inc Cl A | 1.97% | 356.47 | +16.55% | +8.31% | +12.51% | +62.50% | 83 |
| TER Teradyne Inc | 1.94% | 338.59 | -0.89% | -9.00% | -13.05% | +75.00% | 11 |
| MRVL Marvell Technology Inc | 1.79% | 208.83 | +1.14% | -13.51% | -1.04% | +146.04% | 45 |
| CMI Cummins Inc | 1.78% | 545.50 | -0.98% | -4.94% | -16.11% | +7.56% | 4 |
| CLS Celestica Inc | 1.56% | 309.84 | +11.55% | -2.38% | -14.59% | +4.81% | 9 |
| VRT Vertiv Holdings Llc. | 1.55% | 268.83 | +4.73% | -0.17% | -3.28% | +65.97% | 34 |
| ASML ASML Holdings NY Reg ADR | 1.52% | 1646.19 | -2.15% | -5.12% | -1.91% | +54.41% | 40 |
| PLTR Palantir Technologies Cl A | 1.44% | 182.53 | +7.71% | -1.83% | +15.21% | +2.69% | 87 |
| ALAB Astera Labs Inc | 1.43% | 282.82 | +3.17% | -6.99% | -11.18% | +70.00% | 17 |
| MDB Mongodb Inc Cl A | 1.37% | 384.45 | +2.41% | -12.74% | +2.15% | -8.40% | 55 |
| CRM Salesforce Inc | 1.34% | 264.43 | +2.92% | +4.91% | +37.02% | +0.07% | 96 |
| CHKP Check Point Software | 1.32% | 137.41 | +2.63% | +3.14% | +9.62% | -25.95% | 79 |
| DOCN Digitalocean Holdings Inc | 1.30% | 109.40 | +4.32% | -10.09% | -12.10% | +127.35% | 13 |
| FROG Jfrog Ltd | 1.23% | 90.61 | -1.22% | -12.90% | +7.21% | +45.07% | 72 |
| CRWD Crowdstrike Holdings | 1.23% | 214.97 | +5.68% | -5.70% | +2.43% | +83.44% | 57 |
| CFLT Confluent Inc Cl A | 1.20% | 30.99 | +0.00% | +0.85% | +1.41% | +2.48% | 53 |
| TEAM Atlassian Corp | 1.14% | 194.68 | +4.42% | +4.88% | +71.80% | +20.07% | 98 |
| LSCC Lattice Semicond | 1.13% | 113.63 | -0.22% | -5.68% | -11.44% | +54.43% | 15 |
| ANET Arista Networks Inc | 1.09% | 191.44 | +2.87% | -4.80% | -2.98% | +46.10% | 36 |
| NET Cloudflare Inc Cl A | 1.08% | 284.51 | +4.32% | -7.70% | -2.88% | +44.31% | 38 |
| LYFT Lyft Inc Cl A | 1.07% | 17.28 | -0.40% | -0.40% | +4.85% | -10.79% | 66 |
| CRDO Credo Technology Group Holding Ltd | 1.05% | 164.17 | -0.64% | -31.66% | -26.92% | +14.09% | 0 |
| IBM Intl Business Machines | 0.97% | 234.71 | +1.30% | -1.71% | +0.20% | -20.31% | 47 |
| DDOG Datadog Inc Cl A | 0.92% | 214.76 | +2.64% | -11.60% | -24.16% | +57.92% | 2 |
| MCHP Microchip Technology | 0.91% | 73.11 | +0.48% | -3.15% | -6.02% | +15.41% | 26 |
| SYM Symbotic Inc | 0.89% | 41.60 | +4.34% | +1.12% | -10.58% | -30.08% | 19 |
| EQIX Equinix Inc | 0.84% | 1040.83 | +2.12% | -3.31% | -1.46% | +37.27% | 43 |
| SPOT Spotify Technology S.A. | 0.78% | 560.11 | +0.13% | +6.23% | +16.15% | -3.55% | 89 |
| DE Deere & Company | 0.68% | 694.41 | -0.57% | +11.52% | +13.47% | +49.59% | 85 |
| SAIL Sailpoint Inc | 0.66% | 19.39 | +5.90% | -5.18% | +8.69% | -4.15% | 77 |
| KR Kroger Company | 0.58% | 58.51 | +0.50% | +2.78% | +3.94% | -5.39% | 60 |
| NFLX Netflix Inc | 0.57% | 82.67 | -0.07% | +3.54% | +11.42% | -11.83% | 81 |
| SHOP Shopify Inc | 0.48% | 145.88 | +2.83% | -5.48% | +1.14% | -9.37% | 51 |
| GTLB Gitlab Inc Cl A | 0.46% | 49.31 | -0.56% | +10.04% | +36.37% | +31.39% | 94 |
| QCOM Qualcomm Inc | 0.43% | 168.57 | -0.28% | +2.86% | +7.01% | -0.82% | 70 |
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 2026-09-03: over 21 sessions the fund returned -2.22% while its median constituent returned +0.73% — a dispersion of 16.57 pp; 60% 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 2026-09-03: fund +1.73%, median member +1.59%, 33 advancers vs 13 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 Closelook lake.
Is this investment advice?
No — a data surface in an investment research diary. It describes breadth inside a fund; it makes no recommendation.