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 | +0.58% | +1.38 | +14pp | +5.06pp | Improving |
| 1 month | -1.24% | +3.1 | +35pp | +10.85pp | Improving |
| 1 quarter | -8.28% | -1.04 | +21pp | +8.06pp | Confirming ↓ |
Over the last 126 sessions: price down -0.89%, breadth up (+2.68/name) · % beating 34→75 · median−ETF -3.94pp→+9.03pp.
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 2026-11-04.
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 | 41 (51%) | 20 (25%) | +21 |
| 1-Month | 29 (36%) | 7 (9%) | +22 |
| 3-Month | 15 (19%) | 5 (6%) | +10 |
| 6-Month | 12 (15%) | 5 (6%) | +7 |
| 52-Week | 9 (11%) | 0 (0%) | +9 |
| YTD | 9 (11%) | 2 (3%) | +7 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -1.09% | +1.06% | +2.15pp | 50 / 30 | 55 / 25 | 8 of 80 | ±5.17% |
| 5d | +0.58% | +4.71% | +4.14pp | 60 / 20 | 55 / 25 | 9 of 80 | ±8.08% |
| 21d | -1.24% | +7.79% | +9.03pp | 55 / 25 | 60 / 20 | 7 of 80 | ±14.66% |
| YTD | +9.55% | +11.20% | +1.65pp | 56 / 23 | 40 / 39 | 4 of 79 | ±20.93% |
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)
- GE+2.74%+0.18pp
- MMM+9.55%+0.15pp
- UBER+4.91%+0.13pp
- DAL+7.16%+0.07pp
- UPS+4.71%+0.07pp
- GEV-9.30%-0.43pp
- CAT-5.23%-0.4pp
- ETN-9.86%-0.27pp
- VRT-12.89%-0.27pp
- PWR-11.65%-0.22pp
This month (21d)
- GE+6.48%+0.41pp
- RTX+8.26%+0.37pp
- UNP+11.54%+0.34pp
- UPS+22.77%+0.33pp
- LMT+16.65%+0.33pp
- CAT-31.52%-2.43pp
- GEV-19.08%-0.88pp
- ETN-20.67%-0.57pp
- FIX-39.97%-0.48pp
- VRT-18.80%-0.4pp
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)
- PNR+36.06%
- EFX+34.90%
- SWK+31.49%
- ROL+26.46%
- ALLE+24.16%
- FIX-39.97%
- CAT-31.52%
- EME-22.43%
- ETN-20.67%
- PWR-19.33%
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% | 591.30 | -5.23% | -17.11% | -31.52% | +3.66% | 1 |
| GE GE Aerospace | 6.40% | 329.45 | +2.74% | +9.40% | +6.48% | +7.11% | 46 |
| GEV GE Vernova Inc | 4.62% | 832.83 | -9.30% | -5.15% | -19.08% | +27.60% | 6 |
| RTX Rtx Corp | 4.49% | 198.43 | -2.64% | +1.32% | +8.26% | +8.55% | 50 |
| BA Boeing Company | 3.13% | 177.00 | +2.13% | +5.90% | -6.75% | -18.48% | 18 |
| UNP Union Pacific Corp | 2.95% | 308.53 | +1.68% | +3.60% | +11.54% | +34.77% | 63 |
| ETN Eaton Corp | 2.77% | 353.08 | -9.86% | -10.13% | -20.67% | +11.20% | 4 |
| DE Deere & Company | 2.65% | 676.50 | +1.60% | +5.59% | -0.92% | +45.73% | 28 |
| UBER UBER Technologies Inc | 2.58% | 69.87 | +4.91% | +7.05% | +1.14% | -14.49% | 35 |
| HON Honeywell International | 2.55% | 228.47 | +1.97% | +4.20% | +7.33% | +13.17% | 49 |
| VRT Vertiv Holdings Llc. | 2.11% | 205.55 | -12.89% | -15.39% | -18.80% | +26.91% | 8 |
| PH Parker-Hannifin Corp | 2.08% | 910.19 | -3.68% | -0.19% | -7.59% | +3.98% | 16 |
| LMT Lockheed Martin Corp | 1.99% | 595.04 | -6.88% | -5.51% | +16.65% | +23.67% | 75 |
| HWM Howmet Aerospace Inc | 1.93% | 213.56 | -4.28% | +9.41% | -7.79% | +4.27% | 15 |
| PWR Quanta Services | 1.92% | 580.44 | -11.65% | -4.36% | -19.33% | +37.59% | 5 |
| TT Trane Technologies Plc | 1.85% | 410.48 | -1.67% | -8.47% | -13.84% | +5.96% | 10 |
| GD General Dynamics Corp | 1.67% | 364.87 | -2.57% | +2.97% | +10.66% | +9.33% | 60 |
| CMI Cummins Inc | 1.66% | 471.84 | -5.76% | -11.21% | -11.86% | -6.96% | 11 |
| ADP Automatic Data Processing | 1.66% | 303.54 | +2.54% | +6.37% | +15.70% | +18.98% | 73 |
| JCI Johnson Controls Intl | 1.61% | 140.53 | -6.26% | -10.69% | -11.48% | +17.71% | 13 |
| CSX CSX Corp | 1.61% | 52.05 | +2.62% | +0.13% | +9.58% | +44.06% | 56 |
| MMM 3M Company | 1.52% | 193.95 | +9.55% | +12.24% | +18.52% | +21.69% | 83 |
| WM Waste Management | 1.48% | 238.49 | +1.63% | +5.92% | +14.72% | +9.45% | 68 |
| EMR Emerson Electric Company | 1.46% | 170.44 | +2.43% | +1.63% | +5.60% | +29.44% | 44 |
| UPS United Parcel Service | 1.46% | 114.31 | +4.71% | +8.23% | +22.77% | +16.85% | 90 |
| NOC Northrop Grumman Corp | 1.34% | 525.35 | -4.53% | -4.96% | +8.74% | -7.57% | 51 |
| FDX Fedex Corp | 1.33% | 329.40 | +3.58% | +8.15% | +13.97% | +14.50% | 64 |
| TDG Transdigm Group Inc | 1.29% | 1216.88 | +0.73% | +7.07% | +10.29% | -8.49% | 59 |
| NSC Norfolk Southern Corp | 1.28% | 344.14 | +0.94% | +1.79% | +8.80% | +20.24% | 53 |
| URI United Rentals | 1.23% | 1123.79 | -4.37% | -4.33% | +3.99% | +39.46% | 41 |
| ITW Illinois Tool Works | 1.23% | 293.45 | +2.38% | +6.30% | +9.85% | +19.90% | 57 |
| FIX Comfort Systems USA | 1.20% | 1091.31 | -15.08% | -18.91% | -39.97% | +17.04% | 0 |
| PCAR Paccar Inc | 1.13% | 106.16 | +4.05% | +3.65% | -2.89% | -2.50% | 21 |
| CTAS Cintas Corp | 1.09% | 229.03 | +2.36% | +7.62% | +16.88% | +22.06% | 78 |
| GWW W.W. Grainger | 1.05% | 1489.39 | +6.54% | +11.09% | +16.76% | +48.18% | 76 |
| LHX L3Harris Technologies | 1.05% | 259.74 | -6.46% | -0.33% | +9.18% | -11.22% | 54 |
| CARR Carrier Global Corp | 1.00% | 55.66 | +0.52% | -0.66% | -0.78% | +6.17% | 30 |
| DAL Delta Air Lines Inc | 0.98% | 89.24 | +7.16% | +11.06% | +6.97% | +29.28% | 48 |
| FAST Fastenal Company | 0.97% | 53.21 | +1.68% | +3.42% | +4.72% | +34.04% | 43 |
| AME Ametek Inc | 0.95% | 237.09 | -4.62% | -4.45% | -6.55% | +15.66% | 19 |
| ROK Rockwell Automation Inc | 0.94% | 443.88 | -0.56% | +0.02% | -1.52% | +14.84% | 24 |
| ODFL Old Dominion Freight Line | 0.82% | 179.39 | +0.96% | +3.50% | +0.77% | +14.57% | 34 |
| WAB Wabtec Corp | 0.82% | 294.97 | +1.09% | +4.53% | +1.31% | +38.53% | 36 |
| RSG Republic Services | 0.77% | 245.41 | +1.05% | +5.15% | +14.28% | +16.47% | 65 |
| UAL United Airlines Holdings | 0.68% | 115.76 | +7.98% | +11.92% | +3.48% | +3.52% | 40 |
| EME Emcor Group | 0.67% | 639.25 | -9.64% | -5.79% | -22.43% | +4.60% | 3 |
| AXON Axon Enterprise | 0.63% | 424.18 | +1.83% | +0.24% | +1.33% | -25.31% | 38 |
| PAYX Paychex Inc | 0.59% | 118.71 | +2.65% | +9.70% | +17.51% | +6.92% | 79 |
| DOV Dover Corp | 0.53% | 212.66 | -0.43% | +2.25% | +10.83% | +9.44% | 61 |
| OTIS Otis Worldwide Corp | 0.50% | 79.79 | +3.87% | +9.50% | +20.08% | -7.68% | 86 |
| CPRT Copart Inc | 0.50% | 32.62 | +5.02% | +12.64% | +21.63% | -16.68% | 89 |
| XYL Xylem Inc | 0.49% | 101.05 | +4.97% | +14.53% | -3.37% | -25.55% | 20 |
| IR Ingersoll Rand Inc | 0.48% | 84.18 | -0.45% | +11.57% | +6.27% | +6.31% | 45 |
| VRSK Verisk Analytics Inc | 0.47% | 197.85 | +0.43% | +4.24% | +19.76% | -11.33% | 85 |
| HUBB Hubbell Inc B | 0.46% | 438.26 | -2.45% | +0.21% | -9.71% | -0.75% | 14 |
| CHRW C.H. Robinson Ww | 0.42% | 133.84 | +0.25% | +4.89% | -0.90% | -16.17% | 29 |
| LUV Southwest Airlines Company | 0.41% | 46.42 | +6.84% | +6.79% | +9.35% | +12.80% | 55 |
| EXPD Expeditors Intl | 0.41% | 197.69 | -3.24% | +0.27% | +3.07% | +33.35% | 39 |
| JBHT J B Hunt Transport | 0.39% | 227.06 | +1.08% | +1.70% | +0.50% | +17.29% | 33 |
| VLTO Veralto Corporation | 0.38% | 117.02 | +0.60% | +13.83% | +21.33% | +17.46% | 88 |
| SNA Snap-On Inc | 0.37% | 368.70 | +1.84% | +3.68% | +0.02% | +8.41% | 31 |
| EFX Equifax Inc | 0.36% | 192.21 | +2.39% | +9.19% | +34.90% | -10.87% | 98 |
| FDXF Fedex Freight Holding Company Inc | 0.34% | 129.43 | -0.64% | +19.48% | +15.46% | — | 71 |
| FTV Fortive Corp | 0.34% | 68.34 | +2.29% | +6.60% | +18.05% | +23.92% | 81 |
| BR Broadridge Financial Solutions | 0.31% | 189.29 | +3.01% | +6.96% | +19.31% | -14.71% | 84 |
| LII Lennox International | 0.30% | 358.96 | +3.60% | +7.91% | -1.82% | -25.86% | 23 |
| IEX Idex Corp | 0.30% | 233.69 | -1.55% | -2.03% | -1.10% | +32.28% | 25 |
| TXT Textron Inc | 0.29% | 86.65 | -1.25% | +10.64% | +14.72% | -0.57% | 66 |
| LDOS Leidos Holdings Inc | 0.28% | 135.68 | +0.71% | -2.81% | +16.27% | -24.60% | 74 |
| GNRC Generac Holdings Inc | 0.28% | 189.32 | -9.54% | -5.97% | -15.34% | +38.83% | 9 |
| NDSN Nordson Corp | 0.28% | 330.70 | -0.11% | +1.44% | -1.05% | +37.97% | 26 |
| MAS Masco Corp | 0.27% | 86.82 | +5.65% | +14.16% | +24.15% | +38.05% | 93 |
| J Jacobs Engineering Group | 0.27% | 160.11 | +0.16% | +6.10% | +15.00% | +21.57% | 69 |
| ROL Rollins Inc | 0.25% | 38.38 | +2.76% | +14.57% | +26.46% | -35.64% | 95 |
| SWK Stanley Black & Decker | 0.24% | 118.33 | +13.10% | +17.89% | +31.49% | +61.07% | 96 |
| PNR Pentair Ltd | 0.22% | 72.03 | +3.30% | +11.90% | +36.06% | -30.45% | 99 |
| HII Huntington Ingalls Industries | 0.21% | 303.99 | -4.08% | +8.86% | +15.26% | -9.94% | 70 |
| ALLE Allegion Plc | 0.21% | 192.69 | +1.76% | +6.66% | +24.16% | +21.48% | 94 |
| BLDR Builders Firstsource | 0.16% | 69.50 | +9.26% | +24.37% | +23.62% | -32.45% | 91 |
| AOS Smith A.O. Corp | 0.12% | 67.07 | +5.06% | +10.87% | +17.87% | +1.35% | 80 |
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 2026-11-04: over 21 sessions the fund returned -1.24% while its median constituent returned +7.79% — a dispersion of 14.66 pp; 75% 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 2026-11-04: fund -1.09%, median member +1.06%, 50 advancers vs 30 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.