Constituent dispersion · breadth vs the index
WTAI — WisdomTree AI & Innovation
Concentration 26.8% in top 5 33.11 effective names · HHI 302
RS vs S&P 500 21d +7.53pp sector return − SPY
RS vs Nasdaq-100 21d +6.09pp sector return − QQQ
Broad advance - breadth is rising with price. Last 21 sessions — price +8.98% · A/D +15 (+0.35/name)
WTAI 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 | -1.98% | -1.63% | +0.35pp | 12 / 30 | 24 / 19 | 13 of 43 | ±3.57% |
| 5d | +1.26% | +1.47% | +0.21pp | 28 / 15 | 23 / 20 | 10 of 43 | ±4.79% |
| 21d | +9.04% | +7.61% | -1.43pp | 29 / 14 | 21 / 22 | 1 of 43 | ±17.61% |
| YTD | +50.34% | +19.33% | -31.01pp | 29 / 14 | 14 / 29 | 1 of 43 | ±78.63% |
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%+0.15pp
- GOOGL+1.06%+0.06pp
- LYFT+5.17%+0.06pp
- CMI+3.05%+0.05pp
- ANET+3.58%+0.04pp
- MU-6.18%-0.25pp
- MRVL-9.78%-0.18pp
- INTC-8.45%-0.17pp
- AMD-7.30%-0.16pp
- AVGO-4.37%-0.14pp
This month (21d)
- MU+40.86%+1.64pp
- MRVL+57.54%+1.03pp
- SNOW+51.34%+1.01pp
- ALAB+55.45%+0.79pp
- AMD+19.62%+0.43pp
- AVGO-11.40%-0.36pp
- GOOGL-5.93%-0.34pp
- NVDA-7.95%-0.33pp
- VRT-19.23%-0.3pp
- AMZN-6.87%-0.26pp
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%
- ALAB+55.45%
- SNOW+51.34%
- MU+40.86%
- CRDO+38.92%
- VRT-19.23%
- AVGO-11.40%
- NFLX-9.54%
- NVDA-7.95%
- AMZN-6.87%
Other ETFs & indices
Dispersion is computed across the constituents we cover in our data lake (see coverage badge). Decision-support, not investment advice.