Constituent dispersion · breadth vs the index
EUROAI — Euro-AI Sovereign 50 (EW)
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 | +2.39% | +0.38 | -7pp | -1.63pp | Confirming ↑ |
| 1 month | +2.50% | +0.38 | -4pp | -1.86pp | Confirming ↑ |
| 1 quarter | +4.21% | +0.66 | -4pp | -2.10pp | Confirming ↑ |
Over the last 126 sessions: price up +19.79%, breadth up (+2.23/name) · % beating 54→39 · median−ETF +0.08pp→-2.70pp.
Stocks above their moving average — participation breadth
Of the 61 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 2026-10-06.
New highs & new lows — by horizon
How many of the 61 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 | 25 (41%) | 9 (15%) | +16 |
| 1-Month | 13 (21%) | 5 (8%) | +8 |
| 3-Month | 5 (8%) | 2 (3%) | +3 |
| 6-Month | 3 (5%) | 2 (3%) | +1 |
| 52-Week | 3 (5%) | 1 (2%) | +2 |
| YTD | 3 (5%) | 1 (2%) | +2 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.14% | +0.47% | +0.33pp | 35 / 26 | 35 / 26 | 20 of 61 | ±2.2% |
| 5d | +2.39% | +1.77% | -0.62pp | 40 / 21 | 23 / 38 | 16 of 61 | ±4.77% |
| 21d | +2.50% | +1.08% | -1.42pp | 31 / 30 | 26 / 35 | 8 of 61 | ±9.26% |
| YTD | +38.95% | +12.39% | -26.56pp | 38 / 22 | 21 / 39 | 0 of 60 | ±91.9% |
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)
- NBIS+7.44%+0.11pp
- LR.PA+3.70%+0.06pp
- TOM.OL+3.27%+0.05pp
- INF.L+2.95%+0.05pp
- ETN+2.89%+0.04pp
- BESI.AS-5.39%-0.08pp
- SU.PA-4.51%-0.07pp
- HAG.DE-4.46%-0.07pp
- P4O.DE-4.28%-0.07pp
- OVH.PA-3.17%-0.05pp
This month (21d)
- ATS.VI+28.85%+0.44pp
- P4O.DE+21.47%+0.33pp
- ARM+20.02%+0.31pp
- OXIG.L+13.83%+0.21pp
- EVK.DE+13.68%+0.21pp
- KGX.DE-21.04%-0.32pp
- MTRS.ST-17.69%-0.27pp
- PATH-13.76%-0.21pp
- SU.PA-11.84%-0.18pp
- VWS.CO-10.49%-0.16pp
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)
- ATS.VI+28.85%
- P4O.DE+21.47%
- ARM+20.02%
- OXIG.L+13.83%
- EVK.DE+13.68%
- KGX.DE-21.04%
- MTRS.ST-17.69%
- PATH-13.76%
- SU.PA-11.84%
- VWS.CO-10.49%
EUROAI — constituent leadership race
$100 in each covered EUROAI constituent at 2026-01-06, 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 — 61 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| ASML.AS ASML | 1.54% | 1636.40 | -1.20% | +2.20% | +9.06% | +78.23% | 79 |
| ARM ARM Holdings | 1.54% | 302.56 | -0.11% | +3.03% | +20.02% | +176.79% | 95 |
| NBIS Nebius Group | 1.54% | 249.87 | +7.44% | +5.27% | +10.37% | +198.51% | 82 |
| MTRS.ST Munters Group | 1.54% | 132.80 | -1.08% | +0.68% | -17.69% | -22.44% | 2 |
| VACN.SW VAT Group | 1.54% | 698.20 | -1.61% | +2.71% | +10.90% | +83.14% | 87 |
| BESI.AS BE Semiconductor | 1.54% | 192.05 | -5.39% | -0.23% | -5.16% | +44.49% | 20 |
| SMHN.DE SUSS MicroTec | 1.54% | 72.25 | -1.43% | +1.47% | -5.12% | +84.59% | 21 |
| ASM.AS ASM International | 1.54% | 947.40 | -0.04% | +7.08% | +9.88% | +83.04% | 80 |
| PATH UiPath | 1.54% | 13.10 | -0.46% | +6.33% | -13.76% | -20.07% | 3 |
| BNTX BioNTech | 1.54% | 95.73 | -1.96% | -2.88% | -7.74% | +0.56% | 11 |
| AIXA.DE AIXTRON | 1.54% | 39.40 | +0.23% | +8.06% | +1.08% | +127.68% | 49 |
| IFX.DE Infineon | 1.54% | 64.68 | +1.91% | +9.07% | +6.40% | +72.75% | 72 |
| ATS.VI AT&S | 1.54% | 226.00 | -0.44% | +4.63% | +28.85% | +601.86% | 98 |
| MYCR.ST Mycronic | 1.54% | 359.00 | +1.13% | +6.40% | +10.80% | +62.58% | 85 |
| HAG.DE Hensoldt | 1.54% | 78.90 | -4.46% | +4.53% | -0.35% | +7.49% | 46 |
| SU.PA Schneider Electric | 1.54% | 260.50 | -4.51% | -12.10% | -11.84% | +10.90% | 5 |
| REL.L RELX | 1.54% | 2571.00 | +1.38% | +2.96% | -0.04% | -14.87% | 48 |
| ETN Eaton | 1.54% | 445.09 | +2.89% | +2.73% | +8.33% | +40.18% | 75 |
| ENR.DE Siemens Energy | 1.54% | 147.44 | +1.36% | +1.11% | -0.70% | +22.98% | 44 |
| SAP.DE SAP | 1.54% | 188.60 | +1.92% | +1.77% | +3.17% | -7.94% | 59 |
| SIE.DE Siemens AG | 1.54% | 279.00 | +1.45% | -1.06% | +3.18% | +19.14% | 61 |
| ABBN.SW ABB | 1.54% | 82.58 | +1.08% | +2.23% | +4.53% | +41.51% | 64 |
| SAF.PA Safran | 1.54% | 329.40 | -0.12% | -1.70% | -1.11% | +10.76% | 43 |
| DSY.PA Dassault Systèmes | 1.54% | 21.51 | +0.51% | +4.22% | +4.62% | -9.77% | 67 |
| SHL.DE Siemens Healthineers | 1.54% | 38.07 | +1.66% | -1.50% | -1.42% | -13.21% | 41 |
| HO.PA Thales | 1.54% | 222.50 | -1.90% | -1.81% | -3.89% | -3.18% | 26 |
| WKL.AS Wolters Kluwer | 1.54% | 69.36 | +1.52% | +2.00% | +2.15% | -21.49% | 54 |
| CAP.PA Capgemini | 1.54% | 109.95 | +1.43% | +6.23% | +4.61% | -22.71% | 66 |
| RHM.DE Rheinmetall | 1.54% | 953.00 | -2.77% | -0.77% | -6.64% | -38.95% | 15 |
| PHIA.AS Philips | 1.54% | 21.56 | +1.46% | -0.78% | -2.49% | -7.23% | 34 |
| STM STMicroelectronics | 1.54% | 58.72 | +1.80% | +10.29% | +12.40% | +127.01% | 89 |
| LR.PA Legrand | 1.54% | 148.40 | +3.70% | +3.74% | +2.66% | +16.62% | 57 |
| VWS.CO Vestas | 1.54% | 195.30 | +0.23% | +1.32% | -10.49% | +13.07% | 7 |
| PRY.MI Prysmian | 1.54% | 128.05 | -1.35% | +4.49% | +6.89% | +49.35% | 74 |
| ALFA.ST Alfa Laval | 1.54% | 577.00 | +1.69% | +2.30% | +3.22% | +25.97% | 62 |
| NEM.DE Nemetschek | 1.54% | 65.30 | +1.87% | +6.79% | +2.19% | -29.63% | 56 |
| KGX.DE Kion Group | 1.54% | 35.76 | -0.36% | -10.53% | -21.04% | -47.60% | 0 |
| NKT.CO NKT A/S | 1.54% | 892.00 | -0.39% | +1.88% | -6.50% | +11.71% | 16 |
| TEMN.SW Temenos | 1.54% | 66.80 | -0.96% | +1.29% | -5.05% | -16.08% | 23 |
| MELE.BR Melexis | 1.54% | 69.30 | +1.17% | -0.36% | +2.14% | +20.52% | 52 |
| TOM.OL Tomra Systems | 1.54% | 94.80 | +3.27% | +1.99% | -2.37% | -29.03% | 38 |
| COTN.SW Comet Holding | 1.54% | 375.20 | -1.57% | +1.74% | +6.11% | +67.03% | 70 |
| OXIG.L Oxford Instruments | 1.54% | 3112.00 | +2.10% | +4.57% | +13.83% | +51.80% | 93 |
| NOD.OL Nordic Semi | 1.54% | 186.80 | -0.90% | +1.52% | +8.60% | +40.14% | 77 |
| OVH.PA OVHcloud | 1.54% | 15.87 | -3.17% | -6.09% | +10.75% | +117.70% | 84 |
| KTN.VI Kontron AG | 1.54% | 21.36 | +0.47% | +4.20% | -2.47% | -6.15% | 36 |
| RR.L Rolls-Royce | 1.54% | 1438.20 | -2.69% | -2.90% | -3.53% | +25.61% | 30 |
| BAS.DE BASF | 1.54% | 51.08 | +1.67% | +2.28% | -3.68% | +20.08% | 28 |
| SGO.PA Saint-Gobain | 1.54% | 67.14 | +1.54% | -3.81% | -10.02% | -22.79% | 10 |
| EVK.DE Evonik | 1.54% | 20.78 | +0.39% | +4.74% | +13.68% | +55.54% | 92 |
| SY1.DE Symrise | 1.54% | 91.72 | +1.04% | -1.90% | +2.09% | +33.16% | 51 |
| SAN.PA Sanofi | 1.54% | 70.61 | +0.89% | -1.20% | -6.71% | -9.87% | 13 |
| AIR.PA Airbus | 1.54% | 188.00 | -0.57% | -1.30% | -5.37% | -3.49% | 18 |
| AFX.DE Carl Zeiss Meditec | 1.54% | 31.16 | +2.37% | -1.39% | -3.05% | -20.35% | 31 |
| SGE.L Sage Group | 1.54% | 1005.00 | +0.30% | +3.46% | -2.71% | -5.95% | 33 |
| INF.L Informa | 1.54% | 887.20 | +2.95% | +1.53% | -1.66% | +0.36% | 39 |
| YAR.OL Yara International | 1.54% | 411.30 | -0.58% | -3.22% | -10.24% | -0.65% | 8 |
| CEVI.ST CellaVision | 1.54% | 170.60 | +1.67% | -3.18% | +5.31% | +10.94% | 69 |
| TIETO.HE Tietoevry | 1.54% | 18.43 | +0.71% | +0.82% | -4.41% | +3.27% | 25 |
| P4O.DE Plan Optik | 1.54% | 8.94 | -4.28% | -14.86% | +21.47% | — | 97 |
| M7U.DE Nynomic | 1.54% | 28.10 | +2.55% | +11.95% | +13.31% | +185.57% | 90 |
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
EUROAI dispersion — data Q&A
Is EUROAI's move broad or carried by a few names (21 sessions)?
As of 2026-10-06: over 21 sessions the fund returned +2.50% while its median constituent returned +1.08% — a dispersion of 9.26 pp; 43% of 61 members beat the fund. Broad advance - breadth is rising with price.
How did EUROAI's members trade in the last session?
As of 2026-10-06: fund +0.14%, median member +0.47%, 35 advancers vs 26 decliners.
What does the dispersion page for EUROAI 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. 61 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.