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 | -2.37% | -1.2 | +0pp | -0.49pp | Confirming ↓ |
| 1 month | -6.33% | -3.26 | -9pp | -2.04pp | Confirming ↓ |
| 1 quarter | -0.91% | +0.29 | +6pp | +0.46pp | Improving |
Over the last 126 sessions: price down -0.22%, breadth down (-2.31/name) · % beating 43→45 · median−ETF -0.80pp→-1.13pp.
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 2026-09-03.
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 | 15 (19%) | 7 (9%) | +8 |
| 1-Month | 1 (1%) | 7 (9%) | -6 |
| 3-Month | 1 (1%) | 3 (4%) | -2 |
| 6-Month | 0 (0%) | 1 (1%) | -1 |
| 52-Week | 0 (0%) | 1 (1%) | -1 |
| YTD | 0 (0%) | 1 (1%) | -1 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.03% | +0.86% | -0.17pp | 69 / 10 | 33 / 47 | 55 of 80 | ±1.22% |
| 5d | -2.37% | -2.63% | -0.26pp | 9 / 70 | 38 / 42 | 26 of 80 | ±2.84% |
| 21d | -6.33% | -7.46% | -1.13pp | 17 / 63 | 36 / 44 | 5 of 80 | ±7.43% |
| YTD | +12.85% | +10.58% | -2.27pp | 52 / 27 | 31 / 48 | 6 of 79 | ±21.61% |
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)
- GEV+2.16%+0.1pp
- VRT+4.73%+0.1pp
- GE+1.21%+0.08pp
- CAT+0.99%+0.08pp
- HWM+2.98%+0.06pp
- UBER-0.64%-0.02pp
- CMI-0.98%-0.02pp
- DE-0.57%-0.02pp
- NSC-0.68%-0.01pp
- ODFL-0.99%-0.01pp
This month (21d)
- DE+13.47%+0.36pp
- UBER+11.41%+0.29pp
- ADP+4.98%+0.08pp
- CPRT+16.15%+0.08pp
- RSG+8.74%+0.07pp
- GE-12.52%-0.8pp
- CAT-8.14%-0.63pp
- HON-16.07%-0.41pp
- RTX-8.78%-0.39pp
- BA-12.36%-0.39pp
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)
- CPRT+16.15%
- DE+13.47%
- UBER+11.41%
- BR+9.49%
- RSG+8.74%
- LUV-20.62%
- UAL-18.15%
- IR-16.20%
- CMI-16.11%
- HON-16.07%
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% | 800.14 | +0.99% | -2.06% | -8.14% | +40.27% | 39 |
| GE GE Aerospace | 6.40% | 333.48 | +1.21% | -2.70% | -12.52% | +8.42% | 15 |
| GEV GE Vernova Inc | 4.62% | 941.84 | +2.16% | -1.26% | -7.48% | +44.30% | 49 |
| RTX Rtx Corp | 4.49% | 202.13 | +0.67% | -4.69% | -8.78% | +10.58% | 33 |
| BA Boeing Company | 3.13% | 210.51 | +0.79% | +0.30% | -12.36% | -3.04% | 16 |
| UNP Union Pacific Corp | 2.95% | 289.15 | -0.20% | -5.58% | -2.16% | +26.31% | 74 |
| ETN Eaton Corp | 2.77% | 397.12 | +1.60% | -4.55% | -11.00% | +25.07% | 21 |
| DE Deere & Company | 2.65% | 694.41 | -0.57% | +11.52% | +13.47% | +49.59% | 98 |
| UBER UBER Technologies Inc | 2.58% | 75.96 | -0.64% | -1.29% | +11.41% | -7.04% | 96 |
| HON Honeywell International | 2.55% | 207.63 | +0.76% | -5.79% | -16.07% | +2.85% | 5 |
| VRT Vertiv Holdings Llc. | 2.11% | 268.83 | +4.73% | -0.17% | -3.28% | +65.97% | 70 |
| PH Parker-Hannifin Corp | 2.08% | 964.52 | +1.59% | -4.42% | -3.25% | +10.19% | 71 |
| LMT Lockheed Martin Corp | 1.99% | 532.95 | +0.26% | -5.24% | -7.73% | +10.77% | 43 |
| HWM Howmet Aerospace Inc | 1.93% | 260.49 | +2.98% | -2.68% | -10.57% | +27.18% | 23 |
| PWR Quanta Services | 1.92% | 620.06 | +1.52% | -0.28% | -9.21% | +46.98% | 29 |
| TT Trane Technologies Plc | 1.85% | 445.19 | +1.41% | -2.01% | -7.94% | +14.92% | 41 |
| GD General Dynamics Corp | 1.67% | 365.87 | +0.49% | -3.73% | -4.74% | +9.63% | 61 |
| CMI Cummins Inc | 1.66% | 545.50 | -0.98% | -4.94% | -16.11% | +7.56% | 4 |
| ADP Automatic Data Processing | 1.66% | 283.53 | +0.84% | -0.40% | +4.98% | +11.14% | 90 |
| JCI Johnson Controls Intl | 1.61% | 142.23 | +2.14% | +0.01% | -7.43% | +19.14% | 50 |
| CSX CSX Corp | 1.61% | 48.99 | +0.70% | -4.69% | -4.17% | +35.59% | 66 |
| MMM 3M Company | 1.52% | 168.31 | -0.26% | -5.88% | -7.56% | +5.60% | 48 |
| WM Waste Management | 1.48% | 221.72 | +1.22% | +1.82% | -1.15% | +1.76% | 78 |
| EMR Emerson Electric Company | 1.46% | 150.21 | +0.83% | -4.76% | -7.23% | +14.07% | 51 |
| UPS United Parcel Service | 1.46% | 103.50 | +0.48% | -2.06% | -3.90% | +5.80% | 68 |
| NOC Northrop Grumman Corp | 1.34% | 528.24 | +0.84% | -2.66% | -5.24% | -7.06% | 57 |
| FDX Fedex Corp | 1.33% | 324.31 | +2.45% | -2.14% | +4.37% | +12.73% | 89 |
| TDG Transdigm Group Inc | 1.29% | 1157.83 | +0.35% | -2.41% | -7.72% | -12.94% | 45 |
| NSC Norfolk Southern Corp | 1.28% | 327.83 | -0.68% | -5.78% | -3.69% | +14.54% | 69 |
| URI United Rentals | 1.23% | 993.87 | +1.43% | -4.21% | -14.32% | +23.33% | 10 |
| ITW Illinois Tool Works | 1.23% | 271.65 | +0.95% | -3.56% | -8.63% | +10.99% | 34 |
| FIX Comfort Systems USA | 1.20% | 1580.19 | +1.29% | -2.15% | -8.98% | +69.47% | 31 |
| PCAR Paccar Inc | 1.13% | 124.51 | +1.95% | -1.60% | -6.37% | +14.35% | 54 |
| CTAS Cintas Corp | 1.09% | 201.05 | +1.49% | -1.52% | +0.09% | +7.15% | 79 |
| GWW W.W. Grainger | 1.05% | 1312.84 | +2.18% | -0.62% | +2.36% | +30.62% | 85 |
| LHX L3Harris Technologies | 1.05% | 262.14 | +0.32% | +0.06% | -8.38% | -10.40% | 36 |
| CARR Carrier Global Corp | 1.00% | 59.08 | +2.61% | +0.41% | -9.71% | +12.69% | 28 |
| DAL Delta Air Lines Inc | 0.98% | 78.75 | +0.78% | -2.95% | -15.45% | +14.08% | 8 |
| FAST Fastenal Company | 0.97% | 49.23 | +2.71% | -3.73% | -1.52% | +24.01% | 76 |
| AME Ametek Inc | 0.95% | 234.20 | +0.43% | -3.89% | -8.07% | +14.25% | 40 |
| ROK Rockwell Automation Inc | 0.94% | 428.28 | +0.69% | -1.09% | -4.84% | +10.80% | 60 |
| ODFL Old Dominion Freight Line | 0.82% | 185.75 | -0.99% | -7.01% | -13.79% | +18.63% | 11 |
| WAB Wabtec Corp | 0.82% | 280.83 | +0.36% | -5.53% | -5.22% | +31.89% | 59 |
| RSG Republic Services | 0.77% | 225.12 | +1.17% | +2.67% | +8.74% | +6.84% | 94 |
| UAL United Airlines Holdings | 0.68% | 108.66 | +0.29% | -3.32% | -18.15% | -2.83% | 1 |
| EME Emcor Group | 0.67% | 741.32 | +0.96% | -4.35% | -9.83% | +21.31% | 26 |
| AXON Axon Enterprise | 0.63% | 538.15 | +6.15% | -11.95% | -11.70% | -5.24% | 19 |
| PAYX Paychex Inc | 0.59% | 125.08 | +0.87% | -1.11% | +5.76% | +12.66% | 91 |
| DOV Dover Corp | 0.53% | 191.07 | +1.15% | -5.08% | -9.19% | -1.67% | 30 |
| OTIS Otis Worldwide Corp | 0.50% | 71.48 | +0.92% | +0.00% | -1.62% | -17.29% | 75 |
| CPRT Copart Inc | 0.50% | 33.58 | +4.42% | +2.50% | +16.15% | -14.23% | 99 |
| XYL Xylem Inc | 0.49% | 107.89 | +1.08% | -4.23% | -11.75% | -20.51% | 18 |
| IR Ingersoll Rand Inc | 0.48% | 75.40 | +0.53% | -4.52% | -16.20% | -4.77% | 3 |
| VRSK Verisk Analytics Inc | 0.47% | 190.60 | +1.30% | -0.22% | +0.98% | -14.58% | 81 |
| HUBB Hubbell Inc B | 0.46% | 460.15 | +2.24% | -1.85% | -10.40% | +4.21% | 24 |
| CHRW C.H. Robinson Ww | 0.42% | 146.69 | +1.02% | -2.95% | -4.50% | -8.13% | 63 |
| LUV Southwest Airlines Company | 0.41% | 38.73 | +0.78% | -2.13% | -20.62% | -5.89% | 0 |
| EXPD Expeditors Intl | 0.41% | 187.13 | +0.52% | -1.88% | +3.15% | +26.23% | 86 |
| JBHT J B Hunt Transport | 0.39% | 266.28 | +2.33% | +1.10% | -2.18% | +37.55% | 73 |
| VLTO Veralto Corporation | 0.38% | 97.88 | +0.69% | -0.50% | +0.74% | -1.76% | 80 |
| SNA Snap-On Inc | 0.37% | 384.19 | +0.95% | -2.94% | -8.28% | +12.96% | 38 |
| EFX Equifax Inc | 0.36% | 189.09 | +1.95% | -0.38% | +6.61% | -12.32% | 93 |
| FDXF Fedex Freight Holding Company Inc | 0.34% | 127.19 | +0.47% | -4.55% | -11.07% | — | 20 |
| FTV Fortive Corp | 0.34% | 57.57 | +1.71% | -3.92% | -6.15% | +4.39% | 55 |
| BR Broadridge Financial Solutions | 0.31% | 178.91 | +1.10% | -1.68% | +9.49% | -19.39% | 95 |
| LII Lennox International | 0.30% | 386.08 | +3.23% | -1.30% | -13.60% | -20.26% | 13 |
| IEX Idex Corp | 0.30% | 223.10 | -0.67% | -4.65% | -5.86% | +26.29% | 56 |
| TXT Textron Inc | 0.29% | 79.37 | +0.16% | -3.62% | -10.28% | -8.93% | 25 |
| LDOS Leidos Holdings Inc | 0.28% | 132.36 | -1.06% | -5.36% | +4.34% | -26.45% | 88 |
| GNRC Generac Holdings Inc | 0.28% | 183.02 | +1.25% | -7.23% | -15.82% | +34.21% | 6 |
| NDSN Nordson Corp | 0.28% | 317.49 | +0.27% | -4.04% | +2.20% | +32.46% | 84 |
| MAS Masco Corp | 0.27% | 71.42 | +0.68% | -1.88% | -7.63% | +13.57% | 46 |
| J Jacobs Engineering Group | 0.27% | 147.54 | +0.31% | -2.04% | +1.98% | +12.03% | 83 |
| ROL Rollins Inc | 0.25% | 35.71 | +0.00% | -0.64% | -4.49% | -40.12% | 64 |
| SWK Stanley Black & Decker | 0.24% | 96.50 | -0.40% | -2.76% | -6.56% | +31.36% | 53 |
| PNR Pentair Ltd | 0.22% | 60.02 | +0.30% | -3.35% | -13.04% | -42.05% | 14 |
| HII Huntington Ingalls Industries | 0.21% | 290.73 | +0.70% | -1.75% | -8.49% | -13.87% | 35 |
| ALLE Allegion Plc | 0.21% | 155.56 | +0.32% | -2.60% | -7.72% | -1.93% | 44 |
| BLDR Builders Firstsource | 0.16% | 64.18 | +1.73% | -4.51% | -15.40% | -37.62% | 9 |
| AOS Smith A.O. Corp | 0.12% | 60.53 | +2.14% | -2.29% | -4.19% | -8.53% | 65 |
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 2026-09-03: over 21 sessions the fund returned -6.33% while its median constituent returned -7.46% — a dispersion of 7.43 pp; 45% of 80 members beat the fund. Broad decline - breadth is falling with price.
How did XLI's members trade in the last session?
As of 2026-09-03: fund +1.03%, median member +0.86%, 69 advancers vs 10 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 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.