Constituent dispersion · breadth vs the index
AIQ — Global X AI & Technology
Concentration 29.47% in top 5 29.5 effective names · HHI 339
RS vs S&P 500 21d +4.39pp sector return − SPY
RS vs Nasdaq-100 21d +2.95pp sector return − QQQ
Weakening below the surface - the A/D line is falling while price holds up; leadership is narrowing. Last 21 sessions — price +5.9% · A/D -39 (-0.7/name)
AIQ price
Cumulative advance / decline of constituents — rises when more names are up than down; turns before price at inflections
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -2.87% | -1.36% | +1.51pp | 20 / 36 | 41 / 15 | 12 of 56 | ±3.15% |
| 5d | +2.34% | -0.90% | -3.24pp | 21 / 35 | 13 / 43 | 8 of 56 | ±6.61% |
| 21d | +5.90% | +0.66% | -5.24pp | 30 / 26 | 19 / 37 | 4 of 56 | ±16.46% |
| YTD | +27.09% | -2.84% | -29.94pp | 26 / 30 | 15 / 41 | 0 of 56 | ±77.22% |
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)
- ORCL+4.62%+0.12pp
- UBER+5.81%+0.06pp
- GOOGL+1.06%+0.03pp
- AAPL+0.95%+0.03pp
- META+1.13%+0.02pp
- INTC-8.45%-0.4pp
- MU-6.18%-0.38pp
- AMD-7.30%-0.37pp
- MRVL-9.78%-0.18pp
- AVGO-4.37%-0.13pp
This month (21d)
- MU+40.86%+2.51pp
- MRVL+57.54%+1.05pp
- AMD+19.62%+0.98pp
- IBM+23.49%+0.46pp
- STX+29.65%+0.45pp
- AVGO-11.40%-0.33pp
- BABA-16.31%-0.26pp
- NFLX-9.54%-0.23pp
- NVDA-7.95%-0.22pp
- AMZN-6.87%-0.17pp
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)
- MRVL+57.54%
- SNOW+51.34%
- HPE+43.63%
- MU+40.86%
- OKTA+40.47%
- ZS-21.00%
- BIDU-16.71%
- BABA-16.31%
- ADBE-16.27%
- AVGO-11.40%
Other ETFs & indices
Dispersion is computed across the constituents we cover in our data lake (see coverage badge). Decision-support, not investment advice.