Constituent dispersion · breadth vs the index

AIQ — Global X AI & Technology

66/66 covered · 79% by weight · benchmark: AIQ price · closes through 2026-08-07 ·holdings as of 2026-06-16

Concentration 29.47% in top 5 29.5 effective names · HHI 339
RS vs S&P 500 21d -3.62pp sector return − SPY
RS vs Nasdaq-100 21d -0.72pp sector return − QQQ
Improving below the surface - the A/D line is rising while price is flat-to-down; more names participating than the headline shows. Last 21 sessions — price -0.75% · A/D +20 (+0.3/name)
AIQ price
Cumulative advance / decline of constituents — rises when more names are up than down; turns before price at inflections

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.

HorizonPriceA/D /name% beating ΔMedian−ETF ΔRead
1 week +7.57% +1.58 -4pp +2.96pp Confirming ↑
1 month -0.75% +0.3 +19pp +9.84pp Improving
1 quarter +5.60% -1.14 +26pp +17.56pp Weakening

Over the last 126 sessions: price up +26.50%, breadth up (+1.82/name) · % beating 35→64 · median−ETF -7.42pp→+9.07pp.

Stocks above their moving average — participation breadth

Of the 66 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 2026-08-07.

5-day 74.24% 49/66 above
20-day 78.79% 52/66 above
50-day 59.09% 39/66 above
100-day 68.18% 45/66 above
150-day 63.64% 42/66 above
200-day 48.44% 31/64 above
% of constituents above their 50-day average — breadth over the last year; 50% is the participation midpoint

New highs & new lows — by horizon

How many of the 66 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.

HorizonNew highsNew lowsNet
5-Day 37 (56%) 6 (9%) +31
1-Month 22 (33%) 0 (0%) +22
3-Month 10 (15%) 0 (0%) +10
6-Month 9 (14%) 0 (0%) +9
52-Week 3 (5%) 0 (0%) +3
YTD 4 (6%) 0 (0%) +4

Dispersion by window

WindowETFMedianMedian − ETF Up / DownBeat / Lag±1% bandDispersion
1d +2.26% +2.09% -0.17pp 56 / 10 32 / 34 19 of 66 ±4.1%
5d +7.57% +6.00% -1.57pp 55 / 11 27 / 39 5 of 66 ±10%
21d -0.75% +8.32% +9.07pp 41 / 25 42 / 24 3 of 66 ±16.23%
YTD +24.56% -8.18% -32.74pp 29 / 37 16 / 50 1 of 66 ±57.59%

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)

  • PLTR+10.32%+0.2pp
  • TWLO+24.89%+0.1pp
  • INTC+1.84%+0.09pp
  • QCOM+4.66%+0.08pp
  • MRVL+3.89%+0.07pp
  • STX-4.71%-0.07pp
  • AMD-1.21%-0.06pp
  • MU-0.44%-0.03pp
  • GOOGL-0.96%-0.03pp
  • HUT-2.27%-0.01pp

This month (21d)

  • MSFT+30.08%+0.65pp
  • PLTR+33.30%+0.64pp
  • SAP+30.10%+0.43pp
  • NVDA+10.44%+0.29pp
  • AMZN+11.11%+0.28pp
  • MU-11.50%-0.71pp
  • AMD-11.59%-0.58pp
  • INTC-9.68%-0.46pp
  • TSLA-19.18%-0.43pp
  • APP-33.36%-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)

  • ZBRA+38.09%
  • PLTR+33.30%
  • SAP+30.10%
  • MSFT+30.08%
  • WDAY+29.85%
  • APP-33.36%
  • NOK-27.44%
  • TDC-21.36%
  • IBM-19.65%
  • TSLA-19.18%

AIQ — constituent leadership race

$100 in each covered AIQ constituent at 2025-12-30, rebased to 100. Watch leadership change hands.

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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 — 66 covered · click a column to sort

Symbol Weight Last 1d 5d 21d YTD RS rank
MU Micron Technology 6.15% 877.57 -0.44% +6.63% -11.50% +207.61% 18
AMD Adv Micro Devices 5.02% 483.36 -1.21% +1.51% -11.59% +125.70% 17
INTC Intel Corp 4.79% 101.65 +1.84% +12.69% -9.68% +175.47% 23
CSCO Cisco Systems Inc 4.05% 121.43 +0.45% +4.69% +2.64% +59.34% 45
TSM Taiwan Semiconductor ADR 3.22% 420.04 +0.44% +3.91% -3.87% +38.53% 30
AAPL Apple Inc 2.92% 313.33 +0.29% +1.43% -0.91% +15.36% 35
AVGO Broadcom Ltd 2.92% 427.76 +1.71% +9.88% +6.64% +23.85% 47
NVDA Nvidia Corp 2.76% 223.96 +2.27% +11.56% +10.44% +20.23% 56
GOOGL Alphabet Cl A 2.71% 354.30 -0.96% -0.51% -1.28% +13.27% 33
ORCL Oracle Corp 2.57% 145.48 +1.40% +12.02% +1.22% -24.90% 42
AMZN Amazon.com Inc 2.53% 274.48 +0.82% +1.07% +11.11% +18.92% 62
NFLX Netflix Inc 2.39% 74.14 +0.61% +3.39% -1.76% -20.93% 32
TSLA Tesla Inc 2.25% 328.58 +2.83% +5.58% -19.18% -26.94% 6
META META Platforms Inc 2.17% 592.10 +0.37% +6.36% -6.24% -10.22% 27
MSFT Microsoft Corp 2.15% 499.99 +0.03% +7.59% +30.08% +3.62% 94
IBM Intl Business Machines 1.96% 237.28 +1.65% +6.09% -19.65% -19.44% 5
PLTR Palantir Technologies Cl A 1.92% 172.01 +10.32% +39.78% +33.30% -3.23% 97
MRVL Marvell Technology Inc 1.83% 218.72 +3.89% +16.61% -10.07% +157.69% 21
QCOM Qualcomm Inc 1.75% 167.86 +4.66% +13.72% -12.17% -1.23% 14
BABA Alibaba Group Holding ADR 1.58% 128.41 +1.26% +5.04% +15.54% -12.40% 71
STX Seagate Technology Holdings 1.53% 812.76 -4.71% -5.07% -8.69% +195.65% 24
SAP SAP Ag ADR 1.44% 206.16 +3.36% +12.28% +30.10% -15.13% 95
CRM Salesforce Inc 1.20% 192.74 +3.20% +4.74% +18.61% -27.06% 76
APP Applovin Corp Cl A 1.18% 346.80 +3.32% -12.40% -33.36% -48.53% 0
UBER UBER Technologies Inc 1.10% 75.02 +6.46% +6.62% +0.90% -8.19% 39
SHOP Shopify Inc 1.02% 151.57 +2.80% +29.38% +23.06% -5.84% 85
NOW Servicenow Inc 0.82% 124.88 +6.42% +12.27% +14.74% -18.48% 70
ACN Accenture Plc 0.81% 175.72 +2.69% +5.91% +26.36% -33.57% 88
CDNS Cadence Design Sys 0.81% 339.24 +0.24% -0.23% -12.10% +8.53% 15
SNPS Synopsys Inc 0.67% 415.99 +2.47% +7.00% -6.18% -11.44% 29
NOK Nokia Corp ADR 0.66% 9.36 -0.74% +2.41% -27.44% +45.71% 2
ADBE Adobe Systems Inc 0.65% 265.21 +1.91% +5.91% +19.12% -24.22% 77
SNOW Snowflake Inc Cl A 0.61% 330.49 +3.93% +12.69% +23.55% +50.66% 86
NXPI Nxp Semiconductors 0.59% 239.71 +3.42% +4.60% -17.50% +11.01% 8
DDOG Datadog Inc Cl A 0.58% 233.93 +2.02% -12.70% -13.04% +72.02% 11
HPE Hewlett Packard Enterprise 0.56% 53.22 +1.51% +11.11% +8.37% +122.99% 50
HUT Hut 8 Corp 0.54% 88.59 -2.27% -17.69% -16.60% +92.84% 9
TWLO Twilio 0.40% 241.28 +24.89% +22.26% +10.38% +69.63% 55
CLS Celestica Inc 0.35% 317.83 +1.05% -4.11% -10.41% +7.52% 20
OKTA Okta Inc Cl A 0.32% 148.32 +3.35% +4.50% -0.35% +71.53% 36
ERIC Ericsson ADR 0.32% 10.15 -0.10% +3.47% -12.35% +6.73% 12
CRWV Coreweave Inc Cl A 0.30% 90.67 +6.26% +26.33% +1.08% +26.62% 41
TDC Teradata Corp 0.28% 27.39 +1.63% -11.62% -21.36% -10.02% 3
TRI Thomson Reuters Corp 0.27% 101.83 +1.68% +3.77% +14.66% -21.07% 68
BIDU Baidu Inc ADR 0.25% 109.71 +0.35% -1.26% -6.64% -16.03% 26
DT Dynatrace Inc 0.25% 48.97 +0.20% +10.49% +8.27% +12.99% 48
AMBA Ambarella Inc 0.24% 86.78 +3.57% +0.91% +10.72% +22.50% 58
EXPN.LN Experian Plc 0.24% 2897.00 +2.37% +3.84% +11.08% -13.46% 61
SMCI Super Micro Computer 0.23% 31.13 +5.96% +9.61% +10.23% +6.35% 53
GEHC GE Healthcare Technologies 0.23% 71.77 +2.08% +5.51% +10.93% -12.42% 59
ZBRA Zebra Technologies 0.23% 376.49 +3.36% +28.14% +38.09% +55.05% 98
QUBT Quantum Computing Inc 0.21% 9.18 +4.62% +13.33% +0.33% -10.53% 38
AI C3.Ai Inc Cl A 0.21% 10.22 +3.65% +11.33% +13.43% -24.18% 65
WDAY Workday Inc 0.21% 179.64 +5.52% +12.04% +29.85% -16.36% 92
EFX Equifax Inc 0.19% 182.56 +3.85% +5.76% +9.54% -15.35% 52
PATH Uipath Inc Cl A 0.17% 15.05 +7.50% +17.95% +27.54% -8.18% 89
G Genpact Ltd 0.17% 34.29 -5.17% -2.50% +15.69% -26.34% 73
SNAP Snap Inc 0.17% 5.33 +2.11% +13.65% +13.40% -33.95% 64
ZS Zscaler Inc 0.16% 168.68 +3.74% +11.56% +14.65% -25.00% 67
SOUN Soundhound AI Inc Cl A 0.16% 8.02 +13.28% +30.83% +20.06% -19.56% 80
PEGA Pegasystems Inc 0.16% 32.74 +3.38% +7.17% +2.09% -45.11% 44
DXC Dxc Technology Company 0.15% 10.84 -2.25% -3.56% +17.06% -26.01% 74
GLOB Globant S.A. 0.14% 37.40 +0.40% +2.19% +19.53% -42.79% 79
WIX Wix.com Ltd 0.14% 60.20 -1.12% +9.39% +22.26% -42.05% 83
CCC CCC Intelligent Solutions Hldgs Inc 0.14% 6.92 +6.46% +13.63% +28.62% -12.96% 91
PONY Pony AI Inc ADR 0.12% 8.15 +4.76% +3.56% +21.10% -43.79% 82

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.