Constituent dispersion · breadth vs the index

WTAI — WisdomTree AI & Innovation

47/48 covered · 77% by weight · benchmark: WTAI price · closes through 2026-08-07 ·holdings as of 2026-06-16

Concentration 26.8% in top 5 33.11 effective names · HHI 302
RS vs S&P 500 21d -9.41pp sector return − SPY
RS vs Nasdaq-100 21d -6.51pp sector return − QQQ
Broad decline - breadth is falling with price. Last 21 sessions — price -6.54% · A/D -12 (-0.26/name)
WTAI 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 +6.99% +1.62 -6pp -3.61pp Confirming ↑
1 month -6.54% -0.26 +22pp +6.92pp Confirming ↓
1 quarter +5.67% +0.77 +42pp +16.19pp Confirming ↑

Over the last 126 sessions: price up +39.43%, breadth up (+5.28/name) · % beating 47→70 · median−ETF -1.85pp→+6.13pp.

Stocks above their moving average — participation breadth

Of the 47 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 72.34% 34/47 above
20-day 78.72% 37/47 above
50-day 48.94% 23/47 above
100-day 76.6% 36/47 above
150-day 80.85% 38/47 above
200-day 80% 36/45 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 47 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 26 (55%) 1 (2%) +25
1-Month 14 (30%) 0 (0%) +14
3-Month 9 (19%) 0 (0%) +9
6-Month 9 (19%) 0 (0%) +9
52-Week 3 (7%) 0 (0%) +3
YTD 5 (11%) 0 (0%) +5

Dispersion by window

WindowETFMedianMedian − ETF Up / DownBeat / Lag±1% bandDispersion
1d +1.28% +1.71% +0.43pp 38 / 8 28 / 19 18 of 47 ±5.87%
5d +6.99% +7.37% +0.38pp 41 / 6 24 / 23 6 of 47 ±10.5%
21d -6.54% +0.47% +7.00pp 24 / 23 33 / 14 5 of 47 ±15.77%
YTD +41.25% +23.85% -17.40pp 31 / 16 18 / 29 0 of 47 ±58.15%

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)

  • TEAM+35.31%+0.4pp
  • PLTR+10.32%+0.15pp
  • NOW+6.42%+0.13pp
  • MCHP+13.89%+0.13pp
  • MDB+7.78%+0.11pp
  • GOOGL-0.96%-0.05pp
  • TER-1.45%-0.03pp
  • AMD-1.21%-0.03pp
  • ANET-1.90%-0.02pp
  • MU-0.44%-0.02pp

This month (21d)

  • MSFT+30.08%+0.93pp
  • TEAM+64.34%+0.73pp
  • PLTR+33.30%+0.48pp
  • SNOW+23.55%+0.46pp
  • NVDA+10.44%+0.44pp
  • MU-11.50%-0.46pp
  • ALAB-19.95%-0.29pp
  • AMD-11.59%-0.25pp
  • VRT-15.91%-0.25pp
  • INTC-9.68%-0.19pp

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)

  • TEAM+64.34%
  • PLTR+33.30%
  • MSFT+30.08%
  • SAIL+25.66%
  • SNOW+23.55%
  • ALAB-19.95%
  • IBM-19.65%
  • VRT-15.91%
  • DDOG-13.04%
  • QCOM-12.17%

WTAI — constituent leadership race

$100 in each covered WTAI 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 — 47 covered · click a column to sort

Symbol Weight Last 1d 5d 21d YTD RS rank
GOOGL Alphabet Cl A 5.66% 354.30 -0.96% -0.51% -1.28% +13.27% 47
NVDA Nvidia Corp 4.20% 223.96 +2.27% +11.56% +10.44% +20.23% 74
MU Micron Technology 4.02% 877.57 -0.44% +6.63% -11.50% +207.61% 15
AMZN Amazon.com Inc 3.81% 274.48 +0.82% +1.07% +11.11% +18.92% 79
ORCL Oracle Corp 3.24% 145.48 +1.40% +12.02% +1.22% -24.90% 53
AVGO Broadcom Ltd 3.12% 427.76 +1.71% +9.88% +6.64% +23.85% 64
MSFT Microsoft Corp 3.10% 499.99 +0.03% +7.59% +30.08% +3.62% 94
TSM Taiwan Semiconductor ADR 2.24% 420.04 +0.44% +3.91% -3.87% +38.53% 40
PANW Palo Alto Networks 2.20% 363.86 +1.22% +9.65% +7.55% +97.54% 66
AMD Adv Micro Devices 2.17% 483.36 -1.21% +1.51% -11.59% +125.70% 13
INTC Intel Corp 1.99% 101.65 +1.84% +12.69% -9.68% +175.47% 21
NOW Servicenow Inc 1.99% 124.88 +6.42% +12.27% +14.74% -18.48% 81
SNOW Snowflake Inc Cl A 1.97% 330.49 +3.93% +12.69% +23.55% +50.66% 89
TER Teradyne Inc 1.94% 379.31 -1.45% +3.16% +4.57% +96.05% 60
MRVL Marvell Technology Inc 1.79% 218.72 +3.89% +16.61% -10.07% +157.69% 19
CMI Cummins Inc 1.78% 644.26 +0.04% +1.59% -4.33% +27.04% 36
CLS Celestica Inc 1.56% 317.83 +1.05% -4.11% -10.41% +7.52% 17
VRT Vertiv Holdings Llc. 1.55% 272.40 -1.01% +12.76% -15.91% +68.18% 4
ASML ASML Holdings NY Reg ADR 1.52% 1740.99 +2.15% +6.87% -3.51% +63.30% 43
PLTR Palantir Technologies Cl A 1.44% 172.01 +10.32% +39.78% +33.30% -3.23% 96
ALAB Astera Labs Inc 1.43% 334.17 +0.81% +7.37% -19.95% +100.87% 0
MDB Mongodb Inc Cl A 1.37% 398.80 +7.78% +18.17% +9.90% -4.98% 72
CRM Salesforce Inc 1.34% 192.74 +3.20% +4.74% +18.61% -27.06% 85
CHKP Check Point Software 1.32% 127.82 +2.03% +0.54% -7.48% -31.12% 23
DOCN Digitalocean Holdings Inc 1.30% 124.15 +1.57% +5.66% -11.85% +158.00% 11
FROG Jfrog Ltd 1.23% 89.52 +7.80% +12.19% -6.26% +43.32% 30
CRWD Crowdstrike Holdings 1.23% 214.42 +3.39% +12.34% +8.07% +82.97% 68
CFLT Confluent Inc Cl A 1.20% 30.99 +0.00% +0.85% +1.41% +2.48% 55
TEAM Atlassian Corp 1.14% 149.07 +35.31% +47.57% +64.34% -8.06% 98
LSCC Lattice Semicond 1.13% 130.03 +1.03% +4.64% -6.81% +76.72% 28
ANET Arista Networks Inc 1.09% 188.67 -1.90% +4.61% +2.15% +43.99% 57
NET Cloudflare Inc Cl A 1.08% 300.27 +5.57% +7.63% +8.87% +52.31% 70
LYFT Lyft Inc Cl A 1.07% 17.46 +7.12% +10.09% +10.93% -9.86% 77
CRDO Credo Technology Group Holding Ltd 1.05% 249.89 +8.45% +20.73% -5.93% +73.67% 32
IBM Intl Business Machines 0.97% 237.28 +1.65% +6.09% -19.65% -19.44% 2
DDOG Datadog Inc Cl A 0.92% 233.93 +2.02% -12.70% -13.04% +72.02% 6
MCHP Microchip Technology 0.91% 84.69 +13.89% +14.00% -4.04% +33.69% 38
SYM Symbotic Inc 0.89% 40.18 +1.46% -6.67% -6.88% -32.47% 26
EQIX Equinix Inc 0.84% 1042.62 -0.97% +2.29% +0.75% +37.50% 51
SPOT Spotify Technology S.A. 0.78% 488.14 +2.75% -2.36% +0.47% -15.94% 49
DE Deere & Company 0.68% 620.83 +0.97% +4.75% +4.71% +33.74% 62
SAIL Sailpoint Inc 0.66% 18.66 +5.54% +11.27% +25.66% -7.76% 91
KR Kroger Company 0.58% 56.73 -1.03% -1.75% -5.23% -8.27% 34
NFLX Netflix Inc 0.57% 74.14 +0.61% +3.39% -1.76% -20.93% 45
SHOP Shopify Inc 0.48% 151.57 +2.80% +29.38% +23.06% -5.84% 87
GTLB Gitlab Inc Cl A 0.46% 38.97 +9.22% +12.92% +15.09% +3.84% 83
QCOM Qualcomm Inc 0.43% 167.86 +4.66% +13.72% -12.17% -1.23% 9

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.