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 | +0.16% | -0.05 | -11pp | -2.46pp | Weakening |
| 1 month | -5.36% | -2.75 | -5pp | -1.26pp | Confirming ↓ |
| 1 quarter | -8.30% | -3.29 | +1pp | +0.15pp | Confirming ↓ |
Over the last 126 sessions: price up +3.54%, breadth down (-1.01/name) · % beating 43→44 · median−ETF -0.98pp→-1.28pp.
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 2026-09-24.
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 | 10 (13%) | 33 (41%) | -23 |
| 1-Month | 1 (1%) | 28 (35%) | -27 |
| 3-Month | 0 (0%) | 18 (23%) | -18 |
| 6-Month | 0 (0%) | 9 (11%) | -9 |
| 52-Week | 0 (0%) | 7 (9%) | -7 |
| YTD | 0 (0%) | 10 (13%) | -10 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.75% | -0.68% | +0.06pp | 19 / 60 | 43 / 37 | 44 of 80 | ±1.61% |
| 5d | +0.16% | -0.12% | -0.28pp | 38 / 42 | 38 / 42 | 11 of 80 | ±4.1% |
| 21d | -5.36% | -6.65% | -1.28pp | 14 / 66 | 35 / 45 | 7 of 80 | ±6.63% |
| YTD | +9.14% | +3.97% | -5.18pp | 49 / 30 | 31 / 48 | 2 of 79 | ±24.22% |
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)
- CTAS+2.97%+0.03pp
- PWR+1.35%+0.03pp
- GEV+0.34%+0.02pp
- EMR+1.00%+0.01pp
- FIX+1.08%+0.01pp
- RTX-1.86%-0.08pp
- CAT-0.83%-0.06pp
- UPS-3.93%-0.06pp
- FDX-4.10%-0.05pp
- DE-2.05%-0.05pp
This month (21d)
- DE+10.19%+0.27pp
- ETN+7.53%+0.21pp
- GEV+3.05%+0.14pp
- PWR+6.58%+0.13pp
- FIX+5.21%+0.06pp
- GE-8.51%-0.54pp
- RTX-10.31%-0.46pp
- UBER-13.85%-0.36pp
- UNP-11.06%-0.33pp
- HWM-13.13%-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)
- DE+10.19%
- ETN+7.53%
- PWR+6.58%
- FIX+5.21%
- GEV+3.05%
- AXON-27.44%
- EFX-22.23%
- PAYX-18.72%
- ROL-16.39%
- FDX-16.23%
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% | 805.25 | -0.83% | +0.84% | -0.74% | +41.16% | 81 |
| GE GE Aerospace | 6.40% | 319.78 | -0.01% | +2.01% | -8.51% | +3.97% | 33 |
| GEV GE Vernova Inc | 4.62% | 955.04 | +0.34% | +3.26% | +3.05% | +46.32% | 94 |
| RTX Rtx Corp | 4.49% | 188.61 | -1.86% | -2.55% | -10.31% | +3.18% | 25 |
| BA Boeing Company | 3.13% | 196.80 | -1.57% | -0.10% | -6.77% | -9.36% | 46 |
| UNP Union Pacific Corp | 2.95% | 274.07 | -0.53% | -2.98% | -11.06% | +19.72% | 20 |
| ETN Eaton Corp | 2.77% | 440.00 | +0.28% | +7.46% | +7.53% | +38.57% | 98 |
| DE Deere & Company | 2.65% | 694.94 | -2.05% | +1.36% | +10.19% | +49.70% | 99 |
| UBER UBER Technologies Inc | 2.58% | 69.22 | -0.29% | -2.33% | -13.85% | -15.29% | 11 |
| HON Honeywell International | 2.55% | 211.79 | -0.37% | +2.57% | -1.80% | +4.91% | 76 |
| VRT Vertiv Holdings Llc. | 2.11% | 245.30 | -1.40% | +1.58% | -4.09% | +51.45% | 61 |
| PH Parker-Hannifin Corp | 2.08% | 974.98 | +0.39% | +5.37% | -3.87% | +11.38% | 63 |
| LMT Lockheed Martin Corp | 1.99% | 523.70 | -0.19% | -2.67% | -5.32% | +8.85% | 56 |
| HWM Howmet Aerospace Inc | 1.93% | 229.38 | +0.26% | +1.60% | -13.13% | +12.00% | 13 |
| PWR Quanta Services | 1.92% | 643.50 | +1.35% | +4.37% | +6.58% | +52.54% | 96 |
| TT Trane Technologies Plc | 1.85% | 438.54 | +0.33% | +3.59% | -3.44% | +13.21% | 66 |
| GD General Dynamics Corp | 1.67% | 336.29 | -2.05% | -5.52% | -10.70% | +0.76% | 23 |
| CMI Cummins Inc | 1.66% | 521.07 | -0.68% | -0.54% | -9.01% | +2.75% | 28 |
| ADP Automatic Data Processing | 1.66% | 263.11 | -0.22% | -3.35% | -6.96% | +3.13% | 43 |
| JCI Johnson Controls Intl | 1.61% | 145.36 | -0.37% | +3.34% | +2.50% | +21.76% | 93 |
| CSX CSX Corp | 1.61% | 46.95 | -0.51% | -1.98% | -8.60% | +29.94% | 31 |
| MMM 3M Company | 1.52% | 167.52 | -1.63% | +1.71% | -6.61% | +5.10% | 50 |
| WM Waste Management | 1.48% | 207.96 | +0.04% | -2.52% | -6.38% | -4.56% | 51 |
| EMR Emerson Electric Company | 1.46% | 156.14 | +1.00% | +5.93% | +0.76% | +18.58% | 85 |
| UPS United Parcel Service | 1.46% | 92.05 | -3.93% | -8.11% | -12.45% | -5.90% | 15 |
| NOC Northrop Grumman Corp | 1.34% | 508.98 | -1.06% | -2.87% | -5.76% | -10.45% | 54 |
| FDX Fedex Corp | 1.33% | 279.54 | -4.10% | -8.61% | -16.23% | -2.83% | 5 |
| TDG Transdigm Group Inc | 1.29% | 1105.28 | +0.00% | +2.72% | -7.32% | -16.89% | 39 |
| NSC Norfolk Southern Corp | 1.28% | 313.17 | -0.58% | -1.82% | -10.84% | +9.42% | 21 |
| URI United Rentals | 1.23% | 1021.67 | -1.00% | +1.91% | -2.99% | +26.78% | 70 |
| ITW Illinois Tool Works | 1.23% | 272.00 | -0.52% | +1.68% | -3.43% | +11.13% | 68 |
| FIX Comfort Systems USA | 1.20% | 1643.39 | +1.08% | +4.41% | +5.21% | +76.25% | 95 |
| PCAR Paccar Inc | 1.13% | 110.67 | -1.27% | -5.70% | -14.36% | +1.64% | 10 |
| CTAS Cintas Corp | 1.09% | 197.68 | +2.97% | -0.14% | -3.46% | +5.35% | 65 |
| GWW W.W. Grainger | 1.05% | 1279.47 | +0.69% | +1.34% | -1.71% | +27.30% | 78 |
| LHX L3Harris Technologies | 1.05% | 238.04 | -0.49% | -4.96% | -8.77% | -18.63% | 29 |
| CARR Carrier Global Corp | 1.00% | 54.87 | -0.42% | +0.88% | -6.24% | +4.66% | 53 |
| DAL Delta Air Lines Inc | 0.98% | 82.76 | +1.24% | +4.19% | -1.03% | +19.89% | 79 |
| FAST Fastenal Company | 0.97% | 50.73 | -0.51% | +3.15% | +0.83% | +27.79% | 86 |
| AME Ametek Inc | 0.95% | 247.74 | +0.52% | +5.73% | +2.47% | +20.86% | 91 |
| ROK Rockwell Automation Inc | 0.94% | 430.42 | -0.57% | +4.97% | +0.24% | +11.35% | 83 |
| ODFL Old Dominion Freight Line | 0.82% | 174.93 | -1.57% | -0.09% | -11.67% | +11.72% | 16 |
| WAB Wabtec Corp | 0.82% | 290.23 | -0.68% | +4.09% | -2.26% | +36.30% | 74 |
| RSG Republic Services | 0.77% | 212.72 | -0.18% | -2.84% | -3.73% | +0.96% | 64 |
| UAL United Airlines Holdings | 0.68% | 111.19 | +0.42% | +3.30% | -5.30% | -0.56% | 57 |
| EME Emcor Group | 0.67% | 751.96 | +0.02% | +3.11% | +1.63% | +23.05% | 88 |
| AXON Axon Enterprise | 0.63% | 445.00 | -1.24% | -1.87% | -27.44% | -21.65% | 0 |
| PAYX Paychex Inc | 0.59% | 101.59 | -2.78% | -12.81% | -18.72% | -8.50% | 3 |
| DOV Dover Corp | 0.53% | 187.89 | -0.60% | -0.71% | -6.77% | -3.31% | 45 |
| OTIS Otis Worldwide Corp | 0.50% | 66.68 | -2.40% | -2.94% | -6.69% | -22.85% | 49 |
| CPRT Copart Inc | 0.50% | 28.04 | -2.86% | -5.46% | -15.87% | -28.38% | 8 |
| XYL Xylem Inc | 0.49% | 102.66 | -5.50% | -4.59% | -8.65% | -24.36% | 30 |
| IR Ingersoll Rand Inc | 0.48% | 74.78 | -1.89% | +2.93% | -4.82% | -5.56% | 60 |
| VRSK Verisk Analytics Inc | 0.47% | 168.65 | -1.83% | -4.44% | -10.53% | -24.41% | 24 |
| HUBB Hubbell Inc B | 0.46% | 465.88 | +0.47% | +5.11% | +0.68% | +5.50% | 84 |
| CHRW C.H. Robinson Ww | 0.42% | 146.20 | -2.32% | -4.95% | +2.21% | -8.43% | 89 |
| LUV Southwest Airlines Company | 0.41% | 41.55 | +1.24% | +3.00% | +2.27% | +0.97% | 90 |
| EXPD Expeditors Intl | 0.41% | 183.66 | -2.32% | -2.87% | -2.85% | +23.89% | 71 |
| JBHT J B Hunt Transport | 0.39% | 229.15 | -2.34% | -3.23% | -12.60% | +18.37% | 14 |
| VLTO Veralto Corporation | 0.38% | 96.20 | +0.33% | +1.00% | -2.60% | -3.44% | 73 |
| SNA Snap-On Inc | 0.37% | 367.71 | -0.69% | -1.05% | -6.81% | +8.12% | 44 |
| EFX Equifax Inc | 0.36% | 148.80 | -4.20% | -7.68% | -22.23% | -31.00% | 1 |
| FDXF Fedex Freight Holding Company Inc | 0.34% | 113.81 | -4.54% | -7.00% | -11.60% | — | 18 |
| FTV Fortive Corp | 0.34% | 55.44 | -1.46% | +0.67% | -6.71% | +0.53% | 48 |
| BR Broadridge Financial Solutions | 0.31% | 162.66 | -0.48% | -1.00% | -11.45% | -26.71% | 19 |
| LII Lennox International | 0.30% | 367.78 | -1.22% | +2.42% | -5.47% | -24.04% | 55 |
| IEX Idex Corp | 0.30% | 228.50 | -0.51% | +2.98% | -0.77% | +29.34% | 80 |
| TXT Textron Inc | 0.29% | 76.02 | -1.03% | -6.04% | -7.07% | -12.77% | 41 |
| LDOS Leidos Holdings Inc | 0.28% | 123.35 | -1.07% | -5.81% | -8.32% | -31.45% | 35 |
| GNRC Generac Holdings Inc | 0.28% | 198.05 | -0.69% | -4.43% | -1.85% | +45.23% | 75 |
| NDSN Nordson Corp | 0.28% | 323.26 | +0.57% | +3.70% | -3.09% | +34.86% | 69 |
| MAS Masco Corp | 0.27% | 67.31 | -1.25% | -1.35% | -7.69% | +7.03% | 38 |
| J Jacobs Engineering Group | 0.27% | 135.33 | -4.10% | -6.13% | -10.30% | +2.76% | 26 |
| ROL Rollins Inc | 0.25% | 30.40 | -6.43% | -7.88% | -16.39% | -49.02% | 4 |
| SWK Stanley Black & Decker | 0.24% | 90.17 | -1.73% | +1.18% | -8.42% | +22.74% | 34 |
| PNR Pentair Ltd | 0.22% | 53.03 | -4.02% | -4.83% | -15.10% | -48.79% | 9 |
| HII Huntington Ingalls Industries | 0.21% | 266.00 | -1.41% | -4.02% | -8.21% | -21.20% | 36 |
| ALLE Allegion Plc | 0.21% | 152.48 | -1.04% | -0.75% | -4.92% | -3.87% | 59 |
| BLDR Builders Firstsource | 0.16% | 58.28 | -1.49% | +1.04% | -15.97% | -43.36% | 6 |
| AOS Smith A.O. Corp | 0.12% | 57.70 | -0.07% | +1.35% | -7.16% | -12.81% | 40 |
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 2026-09-24: over 21 sessions the fund returned -5.36% while its median constituent returned -6.65% — a dispersion of 6.63 pp; 44% 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 2026-09-24: fund -0.75%, median member -0.68%, 19 advancers vs 60 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.