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 | -0.25% | -0.05 | -1pp | -0.21pp | Weakening |
| 1 month | +3.01% | +1.6 | +2pp | +0.69pp | Confirming ↑ |
| 1 quarter | +6.61% | +3.88 | +15pp | +3.58pp | Confirming ↑ |
Over the last 126 sessions: price up +7.64%, breadth up (+1.63/name) · % beating 54→53 · median−ETF +1.78pp→+0.73pp.
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 2026-08-12.
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 | 17 (21%) | 19 (24%) | -2 |
| 1-Month | 8 (10%) | 2 (3%) | +6 |
| 3-Month | 6 (8%) | 1 (1%) | +5 |
| 6-Month | 5 (6%) | 1 (1%) | +4 |
| 52-Week | 5 (6%) | 1 (1%) | +4 |
| YTD | 5 (6%) | 1 (1%) | +4 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.10% | -0.31% | -0.41pp | 33 / 47 | 33 / 47 | 41 of 80 | ±1.6% |
| 5d | -0.25% | -0.26% | -0.01pp | 38 / 42 | 39 / 41 | 21 of 80 | ±3.33% |
| 21d | +3.01% | +3.74% | +0.73pp | 54 / 26 | 42 / 38 | 6 of 80 | ±9.54% |
| YTD | +20.17% | +17.19% | -2.98pp | 61 / 18 | 34 / 45 | 4 of 79 | ±24.21% |
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+2.77%+0.13pp
- CAT+1.45%+0.11pp
- HON+2.27%+0.06pp
- VRT+2.32%+0.05pp
- FIX+3.01%+0.04pp
- UBER-4.05%-0.1pp
- GE-0.74%-0.05pp
- AXON-5.74%-0.04pp
- BA-0.87%-0.03pp
- RTX-0.49%-0.02pp
This month (21d)
- RTX+15.19%+0.68pp
- LMT+17.81%+0.35pp
- EMR+20.36%+0.3pp
- ETN+10.70%+0.3pp
- MMM+17.37%+0.26pp
- CAT-8.16%-0.63pp
- UPS-8.59%-0.13pp
- GEV-2.45%-0.11pp
- CHRW-26.51%-0.11pp
- VRT-5.01%-0.11pp
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)
- LDOS+31.74%
- ALLE+21.68%
- EMR+20.36%
- LMT+17.81%
- SWK+17.77%
- CHRW-26.51%
- LII-25.21%
- ROL-17.54%
- PNR-12.71%
- CARR-9.25%
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% | 855.60 | +1.45% | -1.78% | -8.16% | +49.99% | 8 |
| GE GE Aerospace | 6.40% | 365.33 | -0.74% | -4.17% | +3.28% | +18.77% | 48 |
| GEV GE Vernova Inc | 4.62% | 1039.90 | +2.77% | +2.16% | -2.45% | +59.32% | 24 |
| RTX Rtx Corp | 4.49% | 222.76 | -0.49% | +0.20% | +15.19% | +21.86% | 89 |
| BA Boeing Company | 3.13% | 231.20 | -0.87% | -3.74% | +6.49% | +6.48% | 65 |
| UNP Union Pacific Corp | 2.95% | 293.73 | +0.29% | -0.61% | +1.88% | +28.31% | 41 |
| ETN Eaton Corp | 2.77% | 459.96 | +0.15% | +3.09% | +10.70% | +44.86% | 83 |
| DE Deere & Company | 2.65% | 619.77 | +0.29% | +1.27% | +6.05% | +33.51% | 64 |
| UBER UBER Technologies Inc | 2.58% | 75.36 | -4.05% | +10.53% | +4.55% | -7.77% | 53 |
| HON Honeywell International | 2.55% | 235.34 | +2.27% | -5.15% | +5.69% | +21.23% | 59 |
| VRT Vertiv Holdings Llc. | 2.11% | 288.36 | +2.32% | +3.75% | -5.01% | +78.03% | 14 |
| PH Parker-Hannifin Corp | 2.08% | 1069.52 | +0.77% | +7.28% | +10.88% | +22.18% | 84 |
| LMT Lockheed Martin Corp | 1.99% | 606.72 | +1.50% | +5.04% | +17.81% | +26.10% | 95 |
| HWM Howmet Aerospace Inc | 1.93% | 281.63 | +0.10% | -3.31% | +1.75% | +37.51% | 40 |
| PWR Quanta Services | 1.92% | 678.02 | +1.11% | -0.73% | +2.58% | +60.72% | 44 |
| TT Trane Technologies Plc | 1.85% | 478.55 | -1.12% | -1.04% | -1.03% | +23.53% | 30 |
| GD General Dynamics Corp | 1.67% | 394.21 | +0.59% | +2.64% | +6.69% | +18.12% | 66 |
| CMI Cummins Inc | 1.66% | 637.85 | +0.77% | -1.91% | -5.58% | +25.77% | 10 |
| ADP Automatic Data Processing | 1.66% | 269.33 | -0.65% | -0.28% | +9.29% | +5.57% | 76 |
| JCI Johnson Controls Intl | 1.61% | 152.79 | -1.27% | -0.56% | +5.20% | +27.98% | 56 |
| CSX CSX Corp | 1.61% | 50.08 | +0.28% | -2.03% | +0.32% | +38.61% | 35 |
| MMM 3M Company | 1.52% | 183.78 | +0.35% | +0.93% | +17.37% | +15.31% | 93 |
| WM Waste Management | 1.48% | 226.32 | -0.23% | +0.90% | -3.39% | +3.87% | 20 |
| EMR Emerson Electric Company | 1.46% | 163.80 | -0.35% | +0.82% | +20.36% | +24.39% | 96 |
| UPS United Parcel Service | 1.46% | 103.91 | -0.50% | -3.52% | -8.59% | +6.22% | 6 |
| NOC Northrop Grumman Corp | 1.34% | 577.32 | +0.28% | +3.56% | +9.20% | +1.57% | 75 |
| FDX Fedex Corp | 1.33% | 326.77 | +1.35% | +5.17% | +4.18% | +13.58% | 51 |
| TDG Transdigm Group Inc | 1.29% | 1235.48 | -0.53% | -1.53% | +1.66% | -7.10% | 39 |
| NSC Norfolk Southern Corp | 1.28% | 335.41 | +0.24% | -1.46% | +2.63% | +17.19% | 45 |
| URI United Rentals | 1.23% | 1129.30 | -1.25% | -2.65% | +5.95% | +40.14% | 61 |
| ITW Illinois Tool Works | 1.23% | 292.51 | -0.22% | -1.62% | +7.43% | +19.51% | 69 |
| FIX Comfort Systems USA | 1.20% | 1738.82 | +3.01% | +0.10% | -2.04% | +86.48% | 26 |
| PCAR Paccar Inc | 1.13% | 131.06 | -1.11% | -1.45% | +5.74% | +20.36% | 60 |
| CTAS Cintas Corp | 1.09% | 203.51 | -0.86% | +1.05% | +10.41% | +8.46% | 80 |
| GWW W.W. Grainger | 1.05% | 1304.88 | +0.23% | +1.74% | -4.83% | +29.82% | 15 |
| LHX L3Harris Technologies | 1.05% | 290.74 | +1.65% | +1.61% | +0.25% | -0.62% | 33 |
| CARR Carrier Global Corp | 1.00% | 63.08 | -0.85% | -3.59% | -9.25% | +20.32% | 5 |
| DAL Delta Air Lines Inc | 0.98% | 89.93 | -0.53% | -3.45% | +5.17% | +30.28% | 54 |
| FAST Fastenal Company | 0.97% | 52.22 | -0.31% | +4.46% | +14.17% | +31.54% | 88 |
| AME Ametek Inc | 0.95% | 258.52 | +0.87% | +1.48% | +10.50% | +26.12% | 81 |
| ROK Rockwell Automation Inc | 0.94% | 451.39 | +0.98% | +0.30% | -3.91% | +16.78% | 18 |
| ODFL Old Dominion Freight Line | 0.82% | 212.55 | +1.48% | -1.35% | -7.03% | +35.74% | 9 |
| WAB Wabtec Corp | 0.82% | 295.54 | -0.84% | -0.26% | +12.79% | +38.80% | 86 |
| RSG Republic Services | 0.77% | 214.26 | -0.38% | +3.50% | -2.62% | +1.69% | 23 |
| UAL United Airlines Holdings | 0.68% | 125.12 | -0.94% | -5.75% | +3.96% | +11.89% | 50 |
| EME Emcor Group | 0.67% | 833.40 | +2.02% | +1.37% | +7.63% | +36.37% | 70 |
| AXON Axon Enterprise | 0.63% | 599.78 | -5.74% | -1.59% | +9.60% | +5.61% | 78 |
| PAYX Paychex Inc | 0.59% | 120.37 | -0.77% | +1.78% | +9.91% | +8.42% | 79 |
| DOV Dover Corp | 0.53% | 208.07 | -0.18% | -1.11% | -2.84% | +7.08% | 21 |
| OTIS Otis Worldwide Corp | 0.50% | 73.97 | +1.27% | +1.19% | +1.94% | -14.41% | 43 |
| CPRT Copart Inc | 0.50% | 28.99 | -1.39% | +0.28% | +5.34% | -25.95% | 57 |
| XYL Xylem Inc | 0.49% | 121.93 | -1.01% | -0.26% | +0.31% | -10.16% | 34 |
| IR Ingersoll Rand Inc | 0.48% | 84.76 | -0.31% | -5.82% | +7.28% | +7.05% | 68 |
| VRSK Verisk Analytics Inc | 0.47% | 180.38 | -0.33% | -4.43% | -5.33% | -19.16% | 13 |
| HUBB Hubbell Inc B | 0.46% | 512.90 | -1.29% | -0.13% | +6.00% | +16.15% | 63 |
| CHRW C.H. Robinson Ww | 0.42% | 146.70 | +1.10% | -4.49% | -26.51% | -8.12% | 0 |
| LUV Southwest Airlines Company | 0.41% | 44.98 | -1.19% | -7.81% | -5.42% | +9.30% | 11 |
| EXPD Expeditors Intl | 0.41% | 184.47 | +4.10% | +1.69% | +3.51% | +24.44% | 49 |
| JBHT J B Hunt Transport | 0.39% | 275.96 | +3.99% | +1.38% | -1.75% | +42.55% | 28 |
| VLTO Veralto Corporation | 0.38% | 96.67 | -1.33% | -0.50% | +5.19% | -2.97% | 55 |
| SNA Snap-On Inc | 0.37% | 408.44 | -0.81% | -2.49% | +0.94% | +20.10% | 36 |
| EFX Equifax Inc | 0.36% | 180.46 | -0.82% | +1.74% | +8.11% | -16.32% | 73 |
| FDXF Fedex Freight Holding Company Inc | 0.34% | 141.24 | +1.24% | -1.25% | -2.42% | — | 25 |
| FTV Fortive Corp | 0.34% | 61.54 | -0.23% | +0.33% | +1.42% | +11.59% | 38 |
| BR Broadridge Financial Solutions | 0.31% | 169.27 | -0.86% | +3.59% | +15.92% | -23.74% | 90 |
| LII Lennox International | 0.30% | 420.91 | -2.30% | -5.81% | -25.21% | -13.06% | 1 |
| IEX Idex Corp | 0.30% | 240.52 | +1.35% | +1.49% | +7.98% | +36.15% | 71 |
| TXT Textron Inc | 0.29% | 88.89 | +0.77% | +0.49% | -0.68% | +2.00% | 31 |
| LDOS Leidos Holdings Inc | 0.28% | 140.38 | -0.36% | +10.67% | +31.74% | -21.99% | 99 |
| GNRC Generac Holdings Inc | 0.28% | 221.90 | +2.80% | +2.07% | -1.43% | +62.72% | 29 |
| NDSN Nordson Corp | 0.28% | 311.26 | -0.03% | +0.19% | +8.52% | +29.86% | 74 |
| MAS Masco Corp | 0.27% | 74.64 | -1.97% | -3.47% | -4.12% | +18.69% | 16 |
| J Jacobs Engineering Group | 0.27% | 145.37 | -1.52% | +0.48% | +12.46% | +10.38% | 85 |
| ROL Rollins Inc | 0.25% | 36.52 | -1.32% | -2.32% | -17.54% | -38.76% | 3 |
| SWK Stanley Black & Decker | 0.24% | 102.90 | -1.06% | -0.36% | +17.77% | +40.07% | 94 |
| PNR Pentair Ltd | 0.22% | 65.77 | -2.11% | -4.71% | -12.71% | -36.49% | 4 |
| HII Huntington Ingalls Industries | 0.21% | 326.80 | -0.32% | +2.86% | +16.71% | -3.19% | 91 |
| ALLE Allegion Plc | 0.21% | 166.11 | -1.38% | -1.47% | +21.68% | +4.72% | 98 |
| BLDR Builders Firstsource | 0.16% | 72.41 | -3.58% | -4.55% | -3.66% | -29.62% | 19 |
| AOS Smith A.O. Corp | 0.12% | 62.59 | -1.70% | -0.93% | +2.83% | -5.42% | 46 |
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.