Constituent dispersion · breadth vs the index
XLI — Industrial Select Sector
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 | -0.48% | +0.95 | +5pp | +1.00pp | Improving |
| 1 month | -0.81% | +0.41 | -2pp | +0.00pp | Improving |
| 1 quarter | -7.28% | -2.76 | -1pp | -0.47pp | Confirming ↓ |
Over the last 126 sessions: price down -3.29%, breadth down (-2.01/name) · % beating 44→53 · median−ETF -1.55pp→+0.40pp.
Stocks above their moving average — participation breadth
Of the 80 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 80 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 | 26 (33%) | 26 (33%) | +0 |
| 1-Month | 14 (18%) | 10 (13%) | +4 |
| 3-Month | 2 (3%) | 8 (10%) | -6 |
| 6-Month | 2 (3%) | 6 (8%) | -4 |
| 52-Week | 1 (1%) | 4 (5%) | -3 |
| YTD | 1 (1%) | 5 (6%) | -4 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.97% | -0.07% | +0.89pp | 38 / 42 | 54 / 26 | 26 of 80 | ±2.18% |
| 5d | -0.48% | +1.26% | +1.73pp | 54 / 26 | 58 / 22 | 10 of 80 | ±4.31% |
| 21d | -0.81% | -0.41% | +0.40pp | 38 / 42 | 42 / 38 | 7 of 80 | ±6.33% |
| YTD | +7.99% | +3.79% | -4.20pp | 48 / 31 | 34 / 45 | 3 of 79 | ±24% |
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)
- RTX+1.89%+0.08pp
- LMT+3.61%+0.07pp
- UNP+1.44%+0.04pp
- NOC+2.97%+0.04pp
- WM+1.85%+0.03pp
- GEV-6.20%-0.29pp
- CAT-3.08%-0.24pp
- VRT-6.09%-0.13pp
- ETN-4.54%-0.13pp
- PWR-4.12%-0.08pp
This month (21d)
- GEV+6.68%+0.31pp
- TT+11.49%+0.21pp
- JCI+10.54%+0.17pp
- PWR+7.69%+0.15pp
- EMR+9.58%+0.14pp
- BA-11.94%-0.37pp
- CAT-4.41%-0.34pp
- RTX-4.62%-0.21pp
- DE-4.92%-0.13pp
- PCAR-11.35%-0.13pp
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)
- GNRC+13.16%
- TT+11.49%
- JCI+10.54%
- EMR+9.58%
- IR+8.39%
- BLDR-16.08%
- CPRT-15.37%
- JBHT-14.98%
- FDXF-14.38%
- BA-11.94%
XLI — constituent leadership race
$100 in each covered XLI constituent at 2025-12-24, 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 — 80 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CAT Caterpillar Inc | 7.71% | 748.98 | -3.08% | -7.97% | -4.41% | +31.30% | 30 |
| GE GE Aerospace | 6.40% | 307.02 | -0.20% | +1.12% | -0.01% | -0.18% | 51 |
| GEV GE Vernova Inc | 4.62% | 941.78 | -6.20% | -5.55% | +6.68% | +44.29% | 89 |
| RTX Rtx Corp | 4.49% | 186.47 | +1.89% | +3.45% | -4.62% | +2.01% | 28 |
| BA Boeing Company | 3.13% | 184.66 | -0.98% | -1.94% | -11.94% | -14.95% | 5 |
| UNP Union Pacific Corp | 2.95% | 286.43 | +1.44% | +4.28% | +0.86% | +25.12% | 59 |
| ETN Eaton Corp | 2.77% | 408.85 | -4.54% | -5.21% | +4.19% | +28.76% | 79 |
| DE Deere & Company | 2.65% | 650.38 | +0.06% | -0.99% | -4.92% | +40.10% | 25 |
| UBER UBER Technologies Inc | 2.58% | 69.29 | -2.85% | +1.23% | -3.00% | -15.20% | 36 |
| HON Honeywell International | 2.55% | 207.61 | +0.15% | -0.24% | +2.05% | +2.84% | 73 |
| VRT Vertiv Holdings Llc. | 2.11% | 222.83 | -6.09% | -9.60% | -5.02% | +37.57% | 24 |
| PH Parker-Hannifin Corp | 2.08% | 956.32 | +0.30% | +0.37% | +3.39% | +9.25% | 78 |
| LMT Lockheed Martin Corp | 1.99% | 522.23 | +3.61% | +4.61% | -2.11% | +8.54% | 43 |
| HWM Howmet Aerospace Inc | 1.93% | 217.54 | +0.32% | -2.34% | -3.17% | +6.21% | 34 |
| PWR Quanta Services | 1.92% | 660.53 | -4.12% | -5.78% | +7.69% | +56.57% | 91 |
| TT Trane Technologies Plc | 1.85% | 471.29 | -1.41% | +0.86% | +11.49% | +21.66% | 98 |
| GD General Dynamics Corp | 1.67% | 334.66 | +0.67% | +2.95% | -6.68% | +0.28% | 19 |
| CMI Cummins Inc | 1.66% | 525.96 | -0.64% | +1.67% | -2.24% | +3.71% | 40 |
| ADP Automatic Data Processing | 1.66% | 280.32 | +1.60% | +6.18% | +1.37% | +9.88% | 66 |
| JCI Johnson Controls Intl | 1.61% | 152.44 | -2.58% | -2.24% | +10.54% | +27.69% | 96 |
| CSX CSX Corp | 1.61% | 48.28 | +1.09% | +3.14% | -0.78% | +33.62% | 48 |
| MMM 3M Company | 1.52% | 164.46 | +1.04% | +1.44% | -0.13% | +3.18% | 50 |
| WM Waste Management | 1.48% | 215.75 | +1.85% | +3.26% | -0.69% | -0.98% | 49 |
| EMR Emerson Electric Company | 1.46% | 161.08 | -1.48% | +1.17% | +9.58% | +22.33% | 95 |
| UPS United Parcel Service | 1.46% | 95.78 | +1.04% | +3.78% | -6.42% | -2.09% | 20 |
| NOC Northrop Grumman Corp | 1.34% | 495.69 | +2.97% | +4.70% | -6.69% | -12.79% | 16 |
| FDX Fedex Corp | 1.33% | 291.28 | +0.24% | +0.77% | -5.51% | +1.25% | 21 |
| TDG Transdigm Group Inc | 1.29% | 1109.77 | -0.24% | +1.24% | +2.28% | -16.55% | 74 |
| NSC Norfolk Southern Corp | 1.28% | 323.73 | +0.81% | +3.36% | +1.10% | +13.11% | 63 |
| URI United Rentals | 1.23% | 1034.81 | -2.43% | -0.25% | +4.62% | +28.41% | 80 |
| ITW Illinois Tool Works | 1.23% | 269.47 | +1.18% | +3.19% | +0.32% | +10.10% | 55 |
| FIX Comfort Systems USA | 1.20% | 1541.68 | -5.22% | -11.47% | -2.23% | +65.34% | 41 |
| PCAR Paccar Inc | 1.13% | 108.56 | +0.54% | +1.59% | -11.35% | -0.30% | 8 |
| CTAS Cintas Corp | 1.09% | 208.63 | +1.09% | +5.80% | +4.87% | +11.19% | 83 |
| GWW W.W. Grainger | 1.05% | 1330.62 | +0.42% | +5.31% | +4.81% | +32.39% | 81 |
| LHX L3Harris Technologies | 1.05% | 237.50 | +1.18% | +1.66% | -4.87% | -18.82% | 26 |
| CARR Carrier Global Corp | 1.00% | 54.24 | -1.44% | -1.38% | -2.34% | +3.46% | 39 |
| DAL Delta Air Lines Inc | 0.98% | 76.65 | -3.67% | -7.62% | -2.84% | +11.04% | 38 |
| FAST Fastenal Company | 0.97% | 52.00 | +1.11% | +4.35% | +5.24% | +30.99% | 84 |
| AME Ametek Inc | 0.95% | 246.83 | -1.46% | -0.72% | +5.28% | +20.41% | 85 |
| ROK Rockwell Automation Inc | 0.94% | 423.42 | -2.05% | -4.18% | +1.54% | +9.54% | 69 |
| ODFL Old Dominion Freight Line | 0.82% | 184.37 | +0.66% | +4.99% | +1.88% | +17.75% | 70 |
| WAB Wabtec Corp | 0.82% | 286.49 | -0.01% | +1.43% | +3.01% | +34.54% | 76 |
| RSG Republic Services | 0.77% | 224.44 | +2.06% | +3.82% | +0.63% | +6.52% | 56 |
| UAL United Airlines Holdings | 0.68% | 98.96 | -4.14% | -10.18% | -7.44% | -11.50% | 15 |
| EME Emcor Group | 0.67% | 745.35 | -3.96% | -5.01% | +1.34% | +21.96% | 65 |
| AXON Axon Enterprise | 0.63% | 408.42 | -1.19% | +0.60% | -7.61% | -28.09% | 14 |
| PAYX Paychex Inc | 0.59% | 108.37 | +2.00% | +6.72% | -8.39% | -2.39% | 11 |
| DOV Dover Corp | 0.53% | 193.33 | +0.44% | +2.68% | +2.31% | -0.51% | 75 |
| OTIS Otis Worldwide Corp | 0.50% | 69.11 | +2.11% | +5.13% | +0.89% | -20.04% | 60 |
| CPRT Copart Inc | 0.50% | 26.27 | -0.38% | -1.31% | -15.37% | -32.90% | 1 |
| XYL Xylem Inc | 0.49% | 102.74 | +0.20% | +0.90% | -4.43% | -24.30% | 29 |
| IR Ingersoll Rand Inc | 0.48% | 77.94 | -1.28% | +0.91% | +8.39% | -1.57% | 94 |
| VRSK Verisk Analytics Inc | 0.47% | 180.58 | +2.22% | +7.05% | +0.28% | -19.07% | 54 |
| HUBB Hubbell Inc B | 0.46% | 473.37 | -0.95% | -0.43% | +7.94% | +7.20% | 93 |
| CHRW C.H. Robinson Ww | 0.42% | 139.45 | +1.07% | +3.16% | -11.53% | -12.66% | 6 |
| LUV Southwest Airlines Company | 0.41% | 39.34 | -3.22% | -5.70% | +0.15% | -4.40% | 53 |
| EXPD Expeditors Intl | 0.41% | 196.38 | +0.64% | +2.90% | +1.28% | +32.47% | 64 |
| JBHT J B Hunt Transport | 0.39% | 232.16 | +1.36% | +4.28% | -14.98% | +19.92% | 3 |
| VLTO Veralto Corporation | 0.38% | 100.66 | +1.69% | +5.15% | +5.43% | +1.03% | 86 |
| SNA Snap-On Inc | 0.37% | 363.51 | -0.04% | +1.01% | -3.02% | +6.88% | 35 |
| EFX Equifax Inc | 0.36% | 150.36 | +0.86% | +5.57% | -10.01% | -30.28% | 9 |
| FDXF Fedex Freight Holding Company Inc | 0.34% | 108.69 | -1.27% | -4.22% | -14.38% | — | 4 |
| FTV Fortive Corp | 0.34% | 57.24 | -1.43% | +1.27% | +1.40% | +3.79% | 68 |
| BR Broadridge Financial Solutions | 0.31% | 168.26 | -0.11% | +5.08% | -1.17% | -24.19% | 46 |
| LII Lennox International | 0.30% | 348.84 | -0.37% | -2.68% | -3.69% | -27.95% | 31 |
| IEX Idex Corp | 0.30% | 238.62 | +0.60% | +2.45% | +7.08% | +35.07% | 90 |
| TXT Textron Inc | 0.29% | 73.80 | -0.86% | +1.05% | -8.57% | -15.32% | 10 |
| LDOS Leidos Holdings Inc | 0.28% | 120.59 | +0.74% | +6.20% | -6.69% | -32.99% | 18 |
| GNRC Generac Holdings Inc | 0.28% | 198.06 | -7.57% | -10.52% | +13.16% | +45.24% | 99 |
| NDSN Nordson Corp | 0.28% | 328.73 | -0.56% | +0.32% | +6.30% | +37.15% | 88 |
| MAS Masco Corp | 0.27% | 69.44 | -0.43% | +0.83% | +0.81% | +10.42% | 57 |
| J Jacobs Engineering Group | 0.27% | 142.00 | -0.14% | +4.14% | -2.01% | +7.82% | 44 |
| ROL Rollins Inc | 0.25% | 32.63 | +1.49% | +5.70% | -3.38% | -45.28% | 33 |
| SWK Stanley Black & Decker | 0.24% | 90.29 | -0.46% | +2.24% | +1.93% | +22.90% | 71 |
| PNR Pentair Ltd | 0.22% | 52.11 | -1.62% | -0.15% | -7.90% | -49.68% | 13 |
| HII Huntington Ingalls Industries | 0.21% | 264.53 | +2.59% | +1.48% | -5.34% | -21.63% | 23 |
| ALLE Allegion Plc | 0.21% | 152.50 | -0.44% | +3.10% | -1.36% | -3.86% | 45 |
| BLDR Builders Firstsource | 0.16% | 50.52 | -2.30% | -5.66% | -16.08% | -50.90% | 0 |
| AOS Smith A.O. Corp | 0.12% | 57.83 | -0.10% | +4.50% | +1.07% | -12.61% | 61 |
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
XLI dispersion — data Q&A
Is XLI's move broad or carried by a few names (21 sessions)?
As of 2026-10-14: over 21 sessions the fund returned -0.81% while its median constituent returned -0.41% — a dispersion of 6.33 pp; 53% of 80 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 XLI's members trade in the last session?
As of 2026-10-14: fund -0.97%, median member -0.07%, 38 advancers vs 42 decliners.
What does the dispersion page for XLI 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. 80 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.