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 | -1.54% | -0.55 | +6pp | +2.53pp | Confirming ↓ |
| 1 month | -12.86% | -0.38 | +46pp | +19.14pp | Confirming ↓ |
| 1 quarter | +12.40% | +0.11 | +39pp | +18.50pp | Confirming ↑ |
Over the last 126 sessions: price up +28.13%, breadth up (+2.74/name) · % beating 36→76 · median−ETF -8.00pp→+12.21pp.
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 2026-07-24.
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 | 5 (11%) | 15 (32%) | -10 |
| 1-Month | 1 (2%) | 6 (13%) | -5 |
| 3-Month | 1 (2%) | 2 (4%) | -1 |
| 6-Month | 1 (2%) | 1 (2%) | +0 |
| 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 | -4.70% | -0.36% | +4.34pp | 18 / 28 | 38 / 9 | 2 of 47 | ±4.38% |
| 5d | -1.54% | -2.67% | -1.12pp | 21 / 26 | 22 / 25 | 0 of 47 | ±4.99% |
| 21d | -12.86% | -0.37% | +12.49pp | 21 / 26 | 36 / 11 | 1 of 47 | ±12.65% |
| YTD | +33.49% | +11.04% | -22.45pp | 29 / 18 | 16 / 31 | 3 of 47 | ±60.83% |
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)
- NOW+7.44%+0.15pp
- TEAM+8.40%+0.1pp
- CRM+4.29%+0.06pp
- CHKP+3.62%+0.05pp
- EQIX+4.90%+0.04pp
- MU-6.99%-0.28pp
- INTC-7.89%-0.16pp
- ALAB-10.82%-0.15pp
- CLS-8.80%-0.14pp
- ORCL-4.21%-0.14pp
This month (21d)
- SNOW+18.64%+0.37pp
- PANW+13.51%+0.3pp
- NET+17.30%+0.19pp
- NVDA+3.94%+0.17pp
- MSFT+4.44%+0.14pp
- ORCL-27.00%-0.87pp
- INTC-29.87%-0.59pp
- MRVL-29.80%-0.53pp
- MU-12.17%-0.49pp
- GOOGL-7.40%-0.42pp
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)
- SAIL+18.93%
- SNOW+18.64%
- NET+17.30%
- PANW+13.51%
- DDOG+10.87%
- INTC-29.87%
- MRVL-29.80%
- ALAB-27.09%
- ORCL-27.00%
- CRDO-20.76%
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% | 319.74 | +0.65% | -7.79% | -7.40% | +2.23% | 32 |
| NVDA Nvidia Corp | 4.20% | 206.84 | -0.92% | +1.99% | +3.94% | +11.04% | 62 |
| MU Micron Technology | 4.02% | 920.95 | -6.99% | +8.48% | -12.17% | +222.81% | 23 |
| AMZN Amazon.com Inc | 3.81% | 232.11 | -0.66% | -6.12% | -0.92% | +0.56% | 47 |
| ORCL Oracle Corp | 3.24% | 114.99 | -4.21% | -9.03% | -27.00% | -40.64% | 6 |
| AVGO Broadcom Ltd | 3.12% | 381.92 | -2.69% | +2.99% | -0.04% | +10.58% | 53 |
| MSFT Microsoft Corp | 3.10% | 381.70 | +0.03% | -3.08% | +4.44% | -20.89% | 64 |
| TSM Taiwan Semiconductor ADR | 2.24% | 403.41 | -2.93% | +1.27% | -8.49% | +33.05% | 28 |
| PANW Palo Alto Networks | 2.20% | 323.79 | -0.57% | -9.73% | +13.51% | +75.78% | 91 |
| AMD Adv Micro Devices | 2.17% | 521.95 | -3.29% | +5.28% | +0.43% | +143.72% | 55 |
| INTC Intel Corp | 1.99% | 92.32 | -7.89% | -2.86% | -29.87% | +150.19% | 0 |
| NOW Servicenow Inc | 1.99% | 98.78 | +7.44% | -4.32% | +5.31% | -35.52% | 72 |
| SNOW Snowflake Inc Cl A | 1.97% | 268.06 | +1.11% | -0.31% | +18.64% | +22.20% | 96 |
| TER Teradyne Inc | 1.94% | 349.92 | -6.38% | +8.55% | -18.09% | +80.86% | 13 |
| MRVL Marvell Technology Inc | 1.79% | 194.23 | -7.21% | +2.94% | -29.80% | +128.84% | 2 |
| CMI Cummins Inc | 1.78% | 664.65 | -0.06% | +2.49% | -4.35% | +31.06% | 34 |
| CLS Celestica Inc | 1.56% | 305.28 | -8.80% | +1.31% | -15.72% | +3.27% | 17 |
| VRT Vertiv Holdings Llc. | 1.55% | 290.36 | -4.50% | +0.28% | -8.24% | +79.27% | 30 |
| ASML ASML Holdings NY Reg ADR | 1.52% | 1757.09 | -2.55% | +0.54% | -0.32% | +64.81% | 51 |
| PLTR Palantir Technologies Cl A | 1.44% | 122.92 | -0.36% | -7.15% | +8.30% | -30.85% | 83 |
| ALAB Astera Labs Inc | 1.43% | 291.58 | -10.82% | -3.97% | -27.09% | +75.27% | 4 |
| MDB Mongodb Inc Cl A | 1.37% | 298.22 | -0.31% | -4.52% | -1.40% | -28.94% | 40 |
| CRM Salesforce Inc | 1.34% | 163.66 | +4.29% | -4.16% | +7.14% | -38.07% | 79 |
| CHKP Check Point Software | 1.32% | 130.57 | +3.62% | -4.76% | +4.72% | -29.63% | 68 |
| DOCN Digitalocean Holdings Inc | 1.30% | 123.54 | -5.80% | +3.89% | -16.86% | +156.73% | 15 |
| FROG Jfrog Ltd | 1.23% | 80.16 | -1.34% | -9.46% | +4.57% | +28.34% | 66 |
| CRWD Crowdstrike Holdings | 1.23% | 183.28 | -0.08% | -9.75% | +8.93% | +56.40% | 85 |
| CFLT Confluent Inc Cl A | 1.20% | 30.99 | +0.00% | +0.85% | +1.41% | +2.48% | 57 |
| TEAM Atlassian Corp | 1.14% | 86.88 | +8.40% | -6.87% | +6.54% | -46.42% | 77 |
| LSCC Lattice Semicond | 1.13% | 128.42 | -7.03% | +2.55% | -10.78% | +74.53% | 26 |
| ANET Arista Networks Inc | 1.09% | 173.99 | -1.48% | +3.19% | +7.57% | +32.79% | 81 |
| NET Cloudflare Inc Cl A | 1.08% | 262.15 | -0.06% | -5.59% | +17.30% | +32.97% | 94 |
| LYFT Lyft Inc Cl A | 1.07% | 14.20 | +1.28% | -8.51% | -1.39% | -26.69% | 43 |
| CRDO Credo Technology Group Holding Ltd | 1.05% | 213.15 | -9.87% | +5.17% | -20.76% | +48.13% | 9 |
| IBM Intl Business Machines | 0.97% | 214.19 | +3.65% | +0.71% | -18.55% | -27.28% | 11 |
| DDOG Datadog Inc Cl A | 0.92% | 246.86 | +1.01% | -4.57% | +10.87% | +81.53% | 89 |
| MCHP Microchip Technology | 0.91% | 78.86 | -3.06% | -2.59% | -14.73% | +24.49% | 21 |
| SYM Symbotic Inc | 0.89% | 40.15 | -1.04% | -2.67% | +1.83% | -32.52% | 60 |
| EQIX Equinix Inc | 0.84% | 1084.24 | +4.90% | +6.30% | -0.98% | +42.99% | 45 |
| SPOT Spotify Technology S.A. | 0.78% | 482.66 | +2.91% | +0.95% | +6.08% | -16.88% | 74 |
| DE Deere & Company | 0.68% | 628.16 | +2.97% | +5.18% | +4.83% | +35.32% | 70 |
| SAIL Sailpoint Inc | 0.66% | 14.95 | +4.44% | -4.66% | +18.93% | -26.10% | 98 |
| KR Kroger Company | 0.58% | 56.87 | +1.99% | -3.32% | -2.75% | -8.04% | 36 |
| NFLX Netflix Inc | 0.57% | 70.09 | +1.74% | +1.65% | -2.44% | -25.25% | 38 |
| SHOP Shopify Inc | 0.48% | 113.75 | +1.56% | -7.94% | -0.37% | -29.33% | 49 |
| GTLB Gitlab Inc Cl A | 0.46% | 31.28 | +3.51% | -4.40% | +10.65% | -16.65% | 87 |
| QCOM Qualcomm Inc | 0.43% | 166.97 | -2.42% | -2.80% | -15.42% | -1.76% | 19 |
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.