Constituent dispersion · breadth vs the index
AIQ — Global X AI & Technology
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 | +3.07% | +1.17 | +9pp | +2.69pp | Confirming ↑ |
| 1 month | +4.24% | +0.05 | -5pp | -1.27pp | Confirming ↑ |
| 1 quarter | +7.16% | -0.03 | +7pp | +1.76pp | Weakening |
Over the last 126 sessions: price up +35.18%, breadth up (+1.62/name) · % beating 36→45 · median−ETF -4.89pp→-1.46pp.
Stocks above their moving average — participation breadth
Of the 66 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 66 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 | 33 (50%) | 9 (14%) | +24 |
| 1-Month | 18 (27%) | 2 (3%) | +16 |
| 3-Month | 12 (18%) | 0 (0%) | +12 |
| 6-Month | 8 (12%) | 0 (0%) | +8 |
| 52-Week | 6 (9%) | 0 (0%) | +6 |
| YTD | 7 (11%) | 0 (0%) | +7 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.30% | +0.43% | +0.13pp | 41 / 25 | 35 / 31 | 25 of 66 | ±2.54% |
| 5d | +3.07% | +3.29% | +0.22pp | 49 / 17 | 34 / 32 | 9 of 66 | ±5.53% |
| 21d | +4.24% | +2.79% | -1.46pp | 36 / 30 | 30 / 36 | 4 of 66 | ±13.65% |
| YTD | +31.83% | -1.77% | -33.60pp | 32 / 34 | 17 / 49 | 1 of 66 | ±74.09% |
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)
- CSCO+4.54%+0.18pp
- AMD+2.80%+0.14pp
- AVGO+3.67%+0.11pp
- MRVL+5.81%+0.11pp
- NOK+7.55%+0.05pp
- INTC-3.18%-0.15pp
- STX-9.18%-0.14pp
- MU-1.73%-0.11pp
- TWLO-6.81%-0.03pp
- CRM-2.09%-0.03pp
This month (21d)
- AMD+35.98%+1.81pp
- INTC+17.43%+0.83pp
- MRVL+28.39%+0.52pp
- META+19.80%+0.43pp
- TSM+12.45%+0.4pp
- NFLX-12.22%-0.29pp
- ORCL-8.82%-0.23pp
- CRM-13.21%-0.16pp
- APP-13.03%-0.15pp
- IBM-5.79%-0.11pp
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)
- AMD+35.98%
- HPE+35.54%
- DDOG+30.67%
- MRVL+28.39%
- SNPS+28.27%
- EFX-19.53%
- PONY-16.60%
- SOUN-15.13%
- PATH-13.76%
- CRM-13.21%
AIQ — constituent leadership race
$100 in each covered AIQ constituent at 2025-12-30, 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 — 66 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| MU Micron Technology | 6.15% | 1045.56 | -1.73% | -1.83% | +2.85% | +266.49% | 50 |
| AMD Adv Micro Devices | 5.02% | 649.42 | +2.80% | +6.89% | +35.98% | +203.24% | 98 |
| INTC Intel Corp | 4.79% | 112.50 | -3.18% | -2.96% | +17.43% | +204.88% | 80 |
| CSCO Cisco Systems Inc | 4.05% | 117.94 | +4.54% | +10.71% | +8.00% | +54.76% | 70 |
| TSM Taiwan Semiconductor ADR | 3.22% | 482.30 | -0.72% | +5.55% | +12.45% | +59.07% | 77 |
| AAPL Apple Inc | 2.92% | 333.63 | +0.22% | +1.28% | +4.27% | +22.84% | 55 |
| AVGO Broadcom Ltd | 2.92% | 375.81 | +3.67% | +5.83% | +5.00% | +8.81% | 56 |
| NVDA Nvidia Corp | 2.76% | 239.24 | +0.14% | +5.29% | +3.97% | +28.44% | 53 |
| GOOGL Alphabet Cl A | 2.71% | 347.68 | +0.35% | +1.98% | +2.72% | +11.16% | 48 |
| ORCL Oracle Corp | 2.57% | 144.77 | +1.61% | +5.07% | -8.82% | -25.27% | 20 |
| AMZN Amazon.com Inc | 2.53% | 256.29 | +1.95% | +3.90% | -0.86% | +11.03% | 42 |
| NFLX Netflix Inc | 2.39% | 68.69 | +1.76% | -2.29% | -12.22% | -26.74% | 11 |
| TSLA Tesla Inc | 2.25% | 380.68 | +0.51% | +7.89% | +7.51% | -15.35% | 68 |
| META META Platforms Inc | 2.17% | 738.88 | -0.41% | +0.01% | +19.80% | +12.03% | 83 |
| MSFT Microsoft Corp | 2.15% | 529.30 | +0.78% | +4.00% | +5.92% | +9.70% | 61 |
| IBM Intl Business Machines | 1.96% | 221.29 | -0.13% | +0.59% | -5.79% | -24.87% | 29 |
| PLTR Palantir Technologies Cl A | 1.92% | 192.07 | +1.41% | +2.73% | +10.18% | +8.06% | 76 |
| MRVL Marvell Technology Inc | 1.83% | 287.01 | +5.81% | +9.02% | +28.39% | +238.15% | 94 |
| QCOM Qualcomm Inc | 1.75% | 181.03 | +0.13% | -1.67% | +7.28% | +6.51% | 65 |
| BABA Alibaba Group Holding ADR | 1.58% | 109.26 | -1.39% | +1.41% | -3.51% | -25.46% | 33 |
| STX Seagate Technology Holdings | 1.53% | 805.63 | -9.18% | -11.80% | -5.14% | +193.05% | 30 |
| SAP SAP Ag ADR | 1.44% | 210.46 | +1.31% | -0.18% | -2.16% | -13.36% | 38 |
| CRM Salesforce Inc | 1.20% | 224.99 | -2.09% | -0.14% | -13.21% | -14.86% | 6 |
| APP Applovin Corp Cl A | 1.18% | 278.78 | -1.13% | -8.79% | -13.03% | -58.63% | 8 |
| UBER UBER Technologies Inc | 1.10% | 69.08 | -0.58% | -0.40% | -8.82% | -15.46% | 21 |
| SHOP Shopify Inc | 1.02% | 164.44 | +2.70% | +10.91% | +13.34% | +2.16% | 79 |
| NOW Servicenow Inc | 0.82% | 137.97 | +1.39% | +6.18% | -2.33% | -9.94% | 36 |
| ACN Accenture Plc | 0.81% | 193.40 | -0.85% | +9.19% | +3.58% | -26.88% | 52 |
| CDNS Cadence Design Sys | 0.81% | 359.55 | +1.72% | +10.91% | +22.84% | +15.03% | 86 |
| SNPS Synopsys Inc | 0.67% | 505.17 | +3.42% | +21.70% | +28.27% | +7.55% | 92 |
| NOK Nokia Corp ADR | 0.66% | 10.97 | +7.55% | +5.89% | +9.37% | +70.77% | 73 |
| ADBE Adobe Systems Inc | 0.65% | 238.12 | -0.28% | +2.12% | -10.65% | -31.96% | 15 |
| SNOW Snowflake Inc Cl A | 0.61% | 335.95 | -0.90% | +1.71% | -0.36% | +53.15% | 44 |
| NXPI Nxp Semiconductors | 0.59% | 244.38 | +1.00% | +3.35% | +7.26% | +13.17% | 64 |
| DDOG Datadog Inc Cl A | 0.58% | 278.24 | +0.66% | +3.60% | +30.67% | +104.60% | 95 |
| HPE Hewlett Packard Enterprise | 0.56% | 70.48 | +3.10% | +14.62% | +35.54% | +195.31% | 97 |
| HUT Hut 8 Corp | 0.54% | 92.22 | +3.30% | -0.69% | -1.42% | +100.74% | 41 |
| TWLO Twilio | 0.40% | 280.41 | -6.81% | -3.57% | +20.36% | +97.14% | 85 |
| CLS Celestica Inc | 0.35% | 388.24 | +1.45% | +5.94% | +24.30% | +31.34% | 88 |
| OKTA Okta Inc Cl A | 0.32% | 218.67 | +0.17% | +6.73% | +28.18% | +152.89% | 91 |
| ERIC Ericsson ADR | 0.32% | 9.43 | +2.28% | +1.18% | -6.63% | -0.84% | 26 |
| CRWV Coreweave Inc Cl A | 0.30% | 91.72 | +4.95% | +6.74% | +2.64% | +28.08% | 47 |
| TDC Teradata Corp | 0.28% | 29.62 | -0.97% | +3.24% | +5.60% | -2.69% | 58 |
| TRI Thomson Reuters Corp | 0.27% | 98.09 | +1.04% | +1.92% | -7.18% | -23.97% | 24 |
| BIDU Baidu Inc ADR | 0.25% | 87.05 | +0.07% | +0.39% | -12.49% | -33.38% | 9 |
| DT Dynatrace Inc | 0.25% | 61.05 | +1.40% | +6.12% | +17.63% | +40.86% | 82 |
| AMBA Ambarella Inc | 0.24% | 67.94 | -0.47% | -1.15% | +8.03% | -4.09% | 71 |
| EXPN.LN Experian Plc | 0.24% | 2503.00 | +1.50% | +1.25% | -10.83% | -25.23% | 14 |
| SMCI Super Micro Computer | 0.23% | 43.46 | +0.63% | +5.95% | +9.78% | +48.48% | 74 |
| GEHC GE Healthcare Technologies | 0.23% | 64.77 | -1.48% | -2.54% | -5.94% | -20.96% | 27 |
| ZBRA Zebra Technologies | 0.23% | 385.78 | +2.69% | +2.61% | +6.35% | +58.87% | 62 |
| QUBT Quantum Computing Inc | 0.21% | 7.86 | -1.01% | -7.09% | -1.87% | -23.39% | 39 |
| AI C3.Ai Inc Cl A | 0.21% | 11.24 | +1.35% | +8.70% | +7.46% | -16.62% | 67 |
| WDAY Workday Inc | 0.21% | 186.55 | -1.28% | -1.38% | -4.72% | -13.14% | 32 |
| EFX Equifax Inc | 0.19% | 142.48 | -0.08% | +1.17% | -19.53% | -33.93% | 0 |
| PATH Uipath Inc Cl A | 0.17% | 13.10 | -0.46% | +6.33% | -13.76% | -20.07% | 5 |
| G Genpact Ltd | 0.17% | 33.45 | -0.21% | +3.75% | -9.88% | -28.14% | 17 |
| SNAP Snap Inc | 0.17% | 5.78 | +3.03% | +8.24% | +5.67% | -28.38% | 59 |
| ZS Zscaler Inc | 0.16% | 212.25 | +5.18% | +7.01% | +25.00% | -5.63% | 89 |
| SOUN Soundhound AI Inc Cl A | 0.16% | 5.72 | -2.72% | -2.05% | -15.13% | -42.63% | 3 |
| PEGA Pegasystems Inc | 0.16% | 34.60 | +0.20% | +5.04% | -7.39% | -41.99% | 23 |
| DXC Dxc Technology Company | 0.15% | 11.83 | +1.46% | +14.52% | +1.46% | -19.25% | 45 |
| GLOB Globant S.A. | 0.14% | 35.56 | -0.53% | +4.77% | -9.12% | -45.60% | 18 |
| WIX Wix.com Ltd | 0.14% | 73.91 | -0.20% | +4.25% | -3.02% | -28.86% | 35 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.14% | 6.65 | +1.06% | +1.06% | -11.45% | -16.35% | 12 |
| PONY Pony AI Inc ADR | 0.12% | 6.13 | +0.33% | -6.27% | -16.60% | -57.72% | 2 |
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
AIQ dispersion — data Q&A
Is AIQ's move broad or carried by a few names (21 sessions)?
As of 2026-10-06: over 21 sessions the fund returned +4.24% while its median constituent returned +2.79% — a dispersion of 13.65 pp; 45% of 66 members beat the fund. Broad advance - breadth is rising with price.
How did AIQ's members trade in the last session?
As of 2026-10-06: fund +0.30%, median member +0.43%, 41 advancers vs 25 decliners.
What does the dispersion page for AIQ 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. 66 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.