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 | -10.69% | -1.02 | +4pp | +0.59pp | Confirming ↓ |
| 1 month | +0.55% | +0.57 | -13pp | -3.71pp | Improving |
| 1 quarter | +1.18% | -0.17 | -18pp | -9.46pp | Weakening |
Over the last 126 sessions: price up +20.13%, breadth up (+2.21/name) · % beating 35→54 · median−ETF -7.17pp→+0.62pp.
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 2026-10-14.
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%) | 32 (68%) | -29 |
| 1-Month | 3 (6%) | 10 (21%) | -7 |
| 3-Month | 2 (4%) | 3 (6%) | -1 |
| 6-Month | 1 (2%) | 3 (6%) | -2 |
| 52-Week | 1 (2%) | 1 (2%) | +0 |
| YTD | 1 (2%) | 1 (2%) | +0 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -5.18% | -3.69% | +1.49pp | 6 / 40 | 33 / 14 | 10 of 47 | ±3.49% |
| 5d | -10.69% | -3.48% | +7.21pp | 16 / 31 | 36 / 11 | 1 of 47 | ±7.11% |
| 21d | +0.55% | +1.34% | +0.79pp | 26 / 21 | 26 / 21 | 7 of 47 | ±8.69% |
| YTD | +38.23% | +18.80% | -19.42pp | 36 / 11 | 19 / 28 | 1 of 47 | ±59.94% |
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)
- KR+3.87%+0.02pp
- NOW+0.99%+0.02pp
- GTLB+2.33%+0.01pp
- LYFT+0.61%+0.01pp
- NFLX+0.16%+0pp
- ORCL-7.07%-0.23pp
- DOCN-14.76%-0.19pp
- MU-4.08%-0.16pp
- MRVL-8.73%-0.16pp
- CLS-9.55%-0.15pp
This month (21d)
- AMD+13.21%+0.29pp
- ALAB+18.90%+0.27pp
- PLTR+16.46%+0.24pp
- MSFT+7.36%+0.23pp
- CRDO+19.17%+0.2pp
- ORCL-5.18%-0.17pp
- SYM-11.39%-0.1pp
- CRM-7.54%-0.1pp
- DOCN-7.26%-0.09pp
- IBM-8.25%-0.08pp
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)
- SHOP+32.84%
- CRDO+19.17%
- ALAB+18.90%
- DDOG+16.96%
- PLTR+16.46%
- SYM-11.39%
- NFLX-9.41%
- IBM-8.25%
- QCOM-8.08%
- CRM-7.54%
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% | 347.64 | -1.74% | -0.82% | +0.77% | +11.15% | 45 |
| NVDA Nvidia Corp | 4.20% | 221.30 | -3.16% | -6.81% | +4.30% | +18.80% | 70 |
| MU Micron Technology | 4.02% | 914.13 | -4.08% | -15.97% | -1.45% | +220.42% | 32 |
| AMZN Amazon.com Inc | 3.81% | 254.08 | -1.74% | -2.25% | +2.28% | +10.08% | 60 |
| ORCL Oracle Corp | 3.24% | 133.08 | -7.07% | -6.96% | -5.18% | -31.30% | 17 |
| AVGO Broadcom Ltd | 3.12% | 346.25 | -3.10% | -8.04% | +2.24% | +0.25% | 57 |
| MSFT Microsoft Corp | 3.10% | 533.69 | -1.80% | +0.74% | +7.36% | +10.61% | 74 |
| TSM Taiwan Semiconductor ADR | 2.24% | 430.00 | -3.40% | -8.94% | +4.21% | +41.82% | 68 |
| PANW Palo Alto Networks | 2.20% | 375.04 | -5.54% | -7.53% | -0.01% | +103.60% | 43 |
| AMD Adv Micro Devices | 2.17% | 570.82 | -5.73% | -11.62% | +13.21% | +166.54% | 87 |
| INTC Intel Corp | 1.99% | 98.12 | -4.56% | -13.26% | +1.01% | +165.91% | 47 |
| NOW Servicenow Inc | 1.99% | 139.98 | +0.99% | +1.53% | -1.35% | -8.62% | 34 |
| SNOW Snowflake Inc Cl A | 1.97% | 335.08 | -6.34% | +0.67% | +3.75% | +52.75% | 66 |
| TER Teradyne Inc | 1.94% | 359.44 | -5.48% | -12.71% | +7.99% | +85.78% | 79 |
| MRVL Marvell Technology Inc | 1.79% | 245.28 | -8.73% | -13.82% | +10.64% | +188.98% | 85 |
| CMI Cummins Inc | 1.78% | 525.96 | -0.64% | +1.67% | -2.24% | +3.71% | 30 |
| CLS Celestica Inc | 1.56% | 323.32 | -9.55% | -12.99% | +2.05% | +9.37% | 55 |
| VRT Vertiv Holdings Llc. | 1.55% | 222.83 | -6.09% | -9.60% | -5.02% | +37.57% | 19 |
| ASML ASML Holdings NY Reg ADR | 1.52% | 1650.00 | -3.94% | -8.59% | +3.68% | +54.77% | 64 |
| PLTR Palantir Technologies Cl A | 1.44% | 200.97 | -3.69% | +3.53% | +16.46% | +13.06% | 89 |
| ALAB Astera Labs Inc | 1.43% | 300.28 | -7.72% | -21.44% | +18.90% | +80.50% | 94 |
| MDB Mongodb Inc Cl A | 1.37% | 356.29 | -4.50% | -1.86% | -5.66% | -15.11% | 15 |
| CRM Salesforce Inc | 1.34% | 235.95 | -0.87% | +5.07% | -7.54% | -10.71% | 9 |
| CHKP Check Point Software | 1.32% | 134.08 | -0.67% | +2.89% | -2.69% | -27.74% | 28 |
| DOCN Digitalocean Holdings Inc | 1.30% | 109.29 | -14.76% | -14.13% | -7.26% | +127.12% | 11 |
| FROG Jfrog Ltd | 1.23% | 91.96 | -7.37% | -6.31% | -3.00% | +47.23% | 26 |
| CRWD Crowdstrike Holdings | 1.23% | 249.29 | -4.56% | -6.08% | +2.80% | +112.72% | 62 |
| CFLT Confluent Inc Cl A | 1.20% | 30.99 | +0.00% | +0.85% | +1.41% | +2.48% | 53 |
| TEAM Atlassian Corp | 1.14% | 204.66 | -1.62% | +4.53% | +7.82% | +26.22% | 77 |
| LSCC Lattice Semicond | 1.13% | 115.00 | -5.08% | -12.21% | +7.99% | +56.29% | 81 |
| ANET Arista Networks Inc | 1.09% | 195.42 | -4.45% | -9.46% | +1.34% | +49.14% | 49 |
| NET Cloudflare Inc Cl A | 1.08% | 324.33 | -6.72% | -5.43% | -0.89% | +64.51% | 38 |
| LYFT Lyft Inc Cl A | 1.07% | 16.48 | +0.61% | +5.64% | +5.04% | -14.92% | 72 |
| CRDO Credo Technology Group Holding Ltd | 1.05% | 179.23 | -9.62% | -18.54% | +19.17% | +24.56% | 96 |
| IBM Intl Business Machines | 0.97% | 227.88 | -1.26% | +3.34% | -8.25% | -22.63% | 4 |
| DDOG Datadog Inc Cl A | 0.92% | 269.33 | -4.94% | -0.74% | +16.96% | +98.05% | 91 |
| MCHP Microchip Technology | 0.91% | 71.25 | -3.92% | -8.68% | -0.34% | +12.48% | 40 |
| SYM Symbotic Inc | 0.89% | 37.90 | -7.31% | -12.49% | -11.39% | -36.30% | 0 |
| EQIX Equinix Inc | 0.84% | 995.90 | -2.31% | -3.48% | -1.10% | +31.34% | 36 |
| SPOT Spotify Technology S.A. | 0.78% | 523.96 | -0.66% | +2.15% | -6.14% | -9.77% | 13 |
| DE Deere & Company | 0.68% | 650.38 | +0.06% | -0.99% | -4.92% | +40.10% | 21 |
| SAIL Sailpoint Inc | 0.66% | 19.30 | -0.36% | -1.43% | -3.40% | -4.60% | 23 |
| KR Kroger Company | 0.58% | 63.09 | +3.87% | +6.48% | +1.35% | +2.02% | 51 |
| NFLX Netflix Inc | 0.57% | 70.57 | +0.16% | +1.25% | -9.41% | -24.73% | 2 |
| SHOP Shopify Inc | 0.48% | 172.50 | -2.28% | +3.90% | +32.84% | +7.16% | 98 |
| GTLB Gitlab Inc Cl A | 0.46% | 53.16 | +2.33% | +2.25% | +8.27% | +41.65% | 83 |
| QCOM Qualcomm Inc | 0.43% | 172.62 | -2.40% | -2.54% | -8.08% | +1.57% | 6 |
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 2026-10-14: over 21 sessions the fund returned +0.55% while its median constituent returned +1.34% — a dispersion of 8.69 pp; 55% of 47 members beat the fund. Improving below the surface - the A/D line is rising while price is flat-to-down; more names participating than the headline shows.
How did WTAI's members trade in the last session?
As of 2026-10-14: fund -5.18%, median member -3.69%, 6 advancers vs 40 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.