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Constituent dispersion · breadth vs the index

AEI — Agentic Ecosystem Index (EW)

34/34 covered · 100% by weight · benchmark: AEI price · closes through 2026-10-06 ·holdings as of 2026-10-06

Concentration 14.71% in top 5 34.01 effective names · HHI 294
RS vs S&P 500 21d +13.22pp sector return − SPY
RS vs Nasdaq-100 21d +8.72pp sector return − QQQ
Broad advance - breadth is rising with price. Last 21 sessions — price +14.38% · A/D +96 (+2.82/name)
AEI 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 +4.83% +1.82 -53pp -6.21pp Confirming ↑
1 month +14.38% +2.82 -50pp -4.17pp Confirming ↑
1 quarter +18.18% +0.44 -39pp -0.56pp Confirming ↑

Over the last 126 sessions: price up +75.49%, breadth up (+6.09/name) · % beating 39→0 · median−ETF -3.13pp→-5.98pp.

Stocks above their moving average — participation breadth

Of the 34 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.

5-day 76.47% 26/34 above
20-day 76.47% 26/34 above
50-day 82.35% 28/34 above
100-day 72.73% 24/33 above
150-day 84.85% 28/33 above
200-day 84.38% 27/32 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 34 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 21 (62%) 7 (21%) +14
1-Month 15 (44%) 0 (0%) +15
3-Month 11 (32%) 0 (0%) +11
6-Month 10 (30%) 0 (0%) +10
52-Week 9 (28%) 0 (0%) +9
YTD 10 (29%) 0 (0%) +10

Dispersion by window

WindowETFMedianMedian − ETF Up / DownBeat / Lag±1% bandDispersion
1d +1.19% +0.94% -0.24pp 24 / 10 16 / 18 11 of 34 ±3.1%
5d +4.83% +6.33% +1.50pp 28 / 6 20 / 14 1 of 34 ±5.77%
21d +14.38% +15.28% +0.90pp 29 / 5 17 / 17 1 of 34 ±15.85%
YTD +79.22% +57.72% -21.50pp 26 / 5 13 / 18 1 of 31 ±60.9%

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)

  • 2513.HK+7.59%+0.22pp
  • NBIS+7.44%+0.22pp
  • BB+5.51%+0.16pp
  • ZS+5.18%+0.15pp
  • CRWV+4.95%+0.15pp
  • TWLO-6.81%-0.2pp
  • DOCN-4.53%-0.13pp
  • OVH-3.17%-0.09pp
  • 300454.SHE-2.33%-0.07pp
  • FSLY-1.92%-0.06pp

This month (21d)

  • P+47.92%+1.41pp
  • RBRK+34.30%+1.01pp
  • CRWD+30.86%+0.91pp
  • DDOG+30.67%+0.9pp
  • S+29.78%+0.88pp
  • 2513.HK-33.44%-0.98pp
  • KC-14.53%-0.43pp
  • IREN-7.61%-0.22pp
  • MDB-2.18%-0.06pp
  • SNOW-0.36%-0.01pp

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)

  • P+47.92%
  • RBRK+34.30%
  • CRWD+30.86%
  • DDOG+30.67%
  • S+29.78%
  • 2513.HK-33.44%
  • KC-14.53%
  • IREN-7.61%
  • MDB-2.18%
  • SNOW-0.36%

AEI — constituent leadership race

$100 in each covered AEI constituent at 2026-01-07, 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 — 34 covered · click a column to sort

Symbol Weight Last 1d 5d 21d YTD RS rank
2513.HK Zhipu AI / Z.ai 2.94% 715.50 +7.59% +15.03% -33.44% — 0
NBIS Nebius 2.94% 249.87 +7.44% +5.27% +10.37% +198.51% 38
OVH OVHcloud 2.94% 15.87 -3.17% -6.09% +10.75% +117.70% 41
CRWV CoreWeave 2.94% 91.72 +4.95% +6.74% +2.64% +28.08% 21
IREN IREN 2.94% 41.28 +1.98% -0.24% -7.61% +9.29% 6
KC Kingsoft Cloud 2.94% 9.35 +0.86% +2.86% -14.53% -9.57% 3
3778.T Sakura Internet 2.94% 3935.00 +1.03% +9.46% +10.22% +41.55% 35
NET Cloudflare 2.94% 355.01 -1.25% +0.78% +27.28% +80.07% 79
AKAM Akamai 2.94% 108.62 +0.58% +0.16% +3.23% +24.49% 26
FSLY Fastly 2.94% 25.51 -1.92% +0.12% +23.90% — 68
EQIX Equinix 2.94% 1047.36 +2.34% +3.16% +1.10% +38.13% 15
SPCX SpaceX / Starlink 2.94% 171.92 +0.49% +15.20% +16.20% — 50
TWLO Twilio 2.94% 280.41 -6.81% -3.57% +20.36% +97.14% 59
DOCN DigitalOcean 2.94% 131.01 -4.53% -2.96% +16.48% +172.26% 53
BB BlackBerry 2.94% 9.58 +5.51% +9.86% +24.42% +152.77% 71
NTAP NetApp 2.94% 228.45 +2.09% +9.21% +23.09% +115.46% 65
SNOW Snowflake 2.94% 335.95 -0.90% +1.71% -0.36% +53.15% 12
P Everpure 2.94% 147.20 +2.31% +13.19% +47.92% +119.67% 97
TDC Teradata 2.94% 29.62 -0.97% +3.24% +5.60% -2.69% 29
MDB MongoDB 2.94% 360.71 +0.41% +6.98% -2.18% -14.05% 9
ESTC Elastic 2.94% 94.60 -0.33% +6.53% +3.04% +25.40% 24
DDOG Datadog 2.94% 278.24 +0.66% +3.60% +30.67% +104.60% 88
FROG JFrog 2.94% 98.51 +0.66% +9.01% +12.45% +57.72% 44
DT Dynatrace 2.94% 61.05 +1.40% +6.12% +17.63% +40.86% 56
OKTA Okta 2.94% 218.67 +0.17% +6.73% +28.18% +152.89% 82
SAIL SailPoint 2.94% 19.91 -1.87% -3.68% +5.79% -1.58% 32
CRWD CrowdStrike 2.94% 278.86 +2.27% +6.14% +30.86% +137.96% 91
PANW Palo Alto Networks 2.94% 419.91 +3.23% +8.11% +26.00% +127.96% 76
FTNT Fortinet 2.94% 191.27 +3.88% +8.70% +22.38% +140.86% 62
S SentinelOne 2.94% 25.80 +1.45% +10.68% +29.78% +72.00% 85
RBRK Rubrik 2.94% 125.80 +2.54% +9.61% +34.30% +64.49% 94
ZS Zscaler 2.94% 212.25 +5.18% +7.01% +25.00% -5.63% 74
TMICY Trend Micro 2.94% 44.34 +3.00% +7.15% +14.37% +6.89% 47
300454.SHE Sangfor 2.94% 137.42 -2.33% -9.07% +2.21% +19.33% 18

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

AEI dispersion — data Q&A

Is AEI's move broad or carried by a few names (21 sessions)?

As of 2026-10-06: over 21 sessions the fund returned +14.38% while its median constituent returned +15.28% — a dispersion of 15.85 pp; 50% of 34 members beat the fund. Broad advance - breadth is rising with price.

How did AEI's members trade in the last session?

As of 2026-10-06: fund +1.19%, median member +0.94%, 24 advancers vs 10 decliners.

What does the dispersion page for AEI 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. 34 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.