Constituent dispersion · breadth vs the index
EXI — Global Industrials
Concentration 19.15% in top 5 60.61 effective names · HHI 165
RS vs S&P 500 21d -3.57pp sector return − SPY
RS vs Nasdaq-100 21d -8.07pp sector return − QQQ
Broad decline - breadth is falling with price. Last 21 sessions — price -2.41% · A/D -162 (-1.2/name)
EXI 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.
| Horizon | Price | A/D /name | % beating Δ | Median−ETF Δ | Read |
|---|---|---|---|---|---|
| 1 week | +0.66% | +0.32 | -5pp | -0.89pp | Improving |
| 1 month | -2.41% | -1.2 | +5pp | +0.57pp | Confirming ↓ |
| 1 quarter | -1.89% | -1.64 | -1pp | -0.04pp | Confirming ↓ |
Over the last 126 sessions: price down -0.21%, breadth down (-2.08/name) · % beating 50→46 · median−ETF -0.23pp→-0.64pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.34% | +0.66% | +0.33pp | 90 / 44 | 77 / 58 | 77 of 135 | ±1.67% |
| 5d | +0.66% | +0.86% | +0.20pp | 81 / 54 | 69 / 66 | 43 of 135 | ±3.12% |
| 21d | -2.41% | -3.37% | -0.96pp | 53 / 82 | 63 / 72 | 9 of 135 | ±7.29% |
| YTD | +9.86% | +5.45% | -4.41pp | 81 / 54 | 58 / 77 | 6 of 135 | ±25.61% |
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)
- GEV+3.96%+0.11pp
- CAT+1.80%+0.07pp
- PWR+5.29%+0.06pp
- ETN+2.89%+0.04pp
- FIX+6.12%+0.04pp
- SU-4.51%-0.08pp
- RR.LSE-2.69%-0.04pp
- BA-1.50%-0.03pp
- RTX-0.56%-0.01pp
- BA-1.50%-0.01pp
This month (21d)
- GEV+9.26%+0.27pp
- CAT+6.08%+0.25pp
- PWR+15.24%+0.17pp
- ETN+8.33%+0.13pp
- FIX+12.89%+0.09pp
- GE-8.23%-0.27pp
- RTX-8.72%-0.21pp
- SU-11.84%-0.2pp
- BA-10.57%-0.19pp
- UBER-8.82%-0.14pp
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)
- GNRC+19.36%
- PWR+15.24%
- FIX+12.89%
- VACN.SW+10.90%
- JCI+9.53%
- CPRT-20.46%
- EFX-19.53%
- AXON-18.82%
- JBHT-17.47%
- PAYX-17.00%
EXI — constituent leadership race
$100 in each covered EXI constituent at 2025-12-30, rebased to 100. Watch leadership change hands.
0%
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 — 135 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CAT Caterpillar Inc | 4.13% | 863.44 | +1.80% | +4.45% | +6.08% | +51.36% | 88 |
| GE GE Aerospace | 3.25% | 309.39 | +1.00% | -2.53% | -8.23% | +0.59% | 20 |
| GEV GE Vernova Inc | 2.89% | 1029.21 | +3.96% | +6.93% | +9.26% | +57.69% | 95 |
| RTX Rtx Corp | 2.42% | 183.29 | -0.56% | -1.95% | -8.72% | +0.27% | 19 |
| SIE.XETRA SIEMENS N AG | 2.31% | 279.00 | +1.45% | -1.06% | +3.18% | +19.14% | 78 |
| BA Boeing Company | 1.77% | 189.82 | -1.50% | +1.14% | -10.57% | -12.57% | 13 |
| SU Suncor Energy Inc | 1.70% | 260.50 | -4.51% | -12.10% | -11.84% | +10.90% | 9 |
| ABBN.SW ABB LTD | 1.65% | 82.58 | +1.08% | +2.23% | +4.53% | +41.51% | 83 |
| UNP Union Pacific Corp | 1.61% | 276.61 | -0.16% | +0.90% | -4.49% | +20.83% | 41 |
| UBER UBER Technologies Inc | 1.55% | 69.08 | -0.58% | -0.40% | -8.82% | -15.46% | 18 |
| ETN Eaton Corp | 1.52% | 445.09 | +2.89% | +2.73% | +8.33% | +40.18% | 93 |
| ENR Energizer Holdings Inc | 1.49% | 147.44 | +1.36% | +1.11% | -0.70% | +22.98% | 58 |
| HON Honeywell International | 1.46% | 212.87 | -0.59% | +1.30% | +1.56% | +5.45% | 67 |
| RR.LSE ROLLS-ROYCE HOLDINGS PLC | 1.40% | 1438.20 | -2.69% | -2.90% | -3.53% | +25.61% | 48 |
| DE Deere & Company | 1.38% | 682.79 | +0.09% | +0.58% | -1.55% | +47.09% | 55 |
| VRT Vertiv Holdings Llc. | 1.27% | 253.14 | -0.19% | +1.93% | -9.74% | +56.29% | 16 |
| AIR AAR Corp | 1.22% | 188.00 | -0.57% | -1.30% | -5.37% | -3.49% | 34 |
| PH Parker-Hannifin Corp | 1.12% | 984.91 | +0.95% | +1.50% | +2.32% | +12.52% | 72 |
| PWR Quanta Services | 1.10% | 719.56 | +5.29% | +10.42% | +15.24% | +70.57% | 99 |
| LMT Lockheed Martin Corp | 1.09% | 510.12 | +0.69% | -0.41% | -2.89% | +6.02% | 52 |
| HWM Howmet Aerospace Inc | 1.07% | 231.60 | +0.88% | +0.29% | -10.67% | +13.08% | 12 |
| TT Trane Technologies Plc | 1.02% | 476.39 | +1.20% | +4.57% | +6.36% | +22.98% | 89 |
| ADP Automatic Data Processing | 0.91% | 262.36 | +0.81% | +0.21% | -4.89% | +2.84% | 36 |
| CMI Cummins Inc | 0.91% | 535.31 | +2.28% | +2.67% | -4.54% | +5.55% | 40 |
| GD General Dynamics Corp | 0.88% | 331.33 | -0.12% | -0.30% | -7.81% | -0.72% | 22 |
| CSX CSX Corp | 0.88% | 47.50 | +0.15% | +1.21% | -3.87% | +31.47% | 44 |
| FDX Fedex Corp | 0.86% | 289.03 | -0.03% | +0.54% | -10.03% | +0.46% | 15 |
| JCI Johnson Controls Intl | 0.85% | 158.76 | +1.22% | +6.25% | +9.53% | +32.98% | 96 |
| WM Waste Management | 0.83% | 207.88 | +0.59% | +0.38% | -4.65% | -4.60% | 39 |
| MMM 3M Company | 0.82% | 163.64 | +0.28% | -2.88% | -2.92% | +2.67% | 51 |
| BA BAE SYSTEMS PLC | 0.81% | 189.82 | -1.50% | +1.14% | -10.57% | -12.57% | 13 |
| CP Canadian Pacific Kansas City Ltd | 0.80% | 85.43 | -0.43% | -1.25% | -6.74% | +16.52% | 27 |
| EMR Emerson Electric Company | 0.78% | 161.40 | -0.57% | +2.65% | +5.61% | +22.57% | 87 |
| NOC Northrop Grumman Corp | 0.75% | 483.11 | +1.47% | -4.26% | -6.19% | -15.00% | 32 |
| UPS United Parcel Service | 0.75% | 93.11 | -0.03% | -0.87% | -8.97% | -4.82% | 17 |
| DG Dollar General Corp | 0.73% | 123.27 | +3.82% | +1.01% | -7.46% | -6.32% | 24 |
| NSC Norfolk Southern Corp | 0.72% | 316.31 | +0.03% | +1.06% | -3.99% | +10.52% | 43 |
| TDG Transdigm Group Inc | 0.70% | 1103.33 | +0.98% | +0.32% | -5.05% | -17.03% | 36 |
| ITW Illinois Tool Works | 0.67% | 267.14 | +1.12% | +0.67% | -1.10% | +9.15% | 56 |
| FIX Comfort Systems USA | 0.66% | 1817.96 | +6.12% | +9.18% | +12.89% | +94.97% | 98 |
| REL.LSE RELX PLC | 0.62% | 2571.00 | +1.38% | +2.96% | -0.04% | -13.28% | 60 |
| URI United Rentals | 0.60% | 1080.62 | +0.59% | +6.51% | +7.01% | +34.10% | 92 |
| CTAS Cintas Corp | 0.60% | 195.96 | +0.29% | -0.90% | -2.25% | +4.43% | 53 |
| PCAR Paccar Inc | 0.59% | 109.32 | -0.04% | -2.22% | -12.33% | +0.40% | 7 |
| LHX L3Harris Technologies | 0.59% | 237.90 | +0.43% | +0.60% | -7.23% | -18.68% | 25 |
| GWW W.W. Grainger | 0.56% | 1275.56 | -0.88% | +2.15% | -3.69% | +26.91% | 47 |
| AME Ametek Inc | 0.53% | 253.72 | +0.71% | +1.17% | +6.73% | +23.78% | 90 |
| FAST Fastenal Company | 0.51% | 50.81 | +0.24% | +1.70% | +2.44% | +27.99% | 73 |
| ROK Rockwell Automation Inc | 0.51% | 457.84 | +0.58% | +6.10% | +5.54% | +18.45% | 86 |
| DAL Delta Air Lines Inc | 0.51% | 83.66 | +0.70% | -1.43% | +4.35% | +21.20% | 81 |
| CARR Carrier Global Corp | 0.50% | 56.10 | +0.66% | +1.30% | -6.05% | +7.00% | 33 |
| ATCO-A.ST ATLAS COPCO CLASS A | 0.48% | 213.40 | +2.20% | +2.50% | +3.74% | +30.37% | 80 |
| DSV.CO DSV | 0.48% | 1157.00 | -0.30% | -3.42% | -12.68% | -28.04% | 5 |
| LR.PA LEGRAND SA | 0.47% | 148.40 | +3.70% | +3.74% | +2.66% | +16.62% | 75 |
| WAB Wabtec Corp | 0.45% | 291.16 | -0.24% | -0.02% | +2.93% | +36.74% | 76 |
| RSG Republic Services | 0.43% | 214.74 | +0.90% | +1.66% | -3.58% | +1.91% | 47 |
| WCN Waste Connections Inc | 0.41% | 154.62 | +0.21% | -0.60% | -6.22% | -11.44% | 31 |
| SGO.PA COMPAGNIE DE SAINT GOBAIN SA | 0.40% | 67.14 | +1.54% | -3.81% | -10.02% | -22.79% | 16 |
| ODFL Old Dominion Freight Line | 0.39% | 178.02 | -0.75% | +0.32% | -4.22% | +13.69% | 42 |
| EME Emcor Group | 0.39% | 824.52 | +5.82% | +8.20% | +9.33% | +34.92% | 96 |
| ASSA-B.ST ASSA ABLOY B | 0.37% | 353.30 | +0.26% | -0.48% | +0.66% | -0.68% | 64 |
| FER Ferrovial N.V. | 0.33% | 51.46 | -0.73% | -5.70% | -11.35% | -20.35% | 10 |
| EXPN.LSE EXPERIAN PLC | 0.33% | 2503.00 | +1.50% | +1.25% | -10.83% | -25.23% | 11 |
| UAL United Airlines Holdings | 0.33% | 111.87 | +1.70% | -0.69% | +0.44% | +0.04% | 62 |
| VWS.CO VESTAS WIND SYSTEMS | 0.32% | 195.30 | +0.23% | +1.32% | -10.49% | +13.07% | 14 |
| AXON Axon Enterprise | 0.31% | 418.62 | +1.65% | -0.23% | -18.82% | -26.29% | 1 |
| CPRT Copart Inc | 0.31% | 26.82 | -3.00% | -1.18% | -20.46% | -31.49% | 0 |
| PAYX Paychex Inc | 0.31% | 101.02 | +1.24% | +1.72% | -17.00% | -9.01% | 3 |
| ACS.MC ACS ACTIVIDADES DE CONSTRUCCION Y | 0.31% | 96.15 | +1.80% | +4.00% | -7.55% | +13.87% | 24 |
| OTIS Otis Worldwide Corp | 0.29% | 66.45 | +0.87% | +1.25% | -6.68% | -23.11% | 29 |
| DOV Dover Corp | 0.29% | 191.88 | +0.30% | +1.15% | -0.52% | -1.25% | 59 |
| XYL Xylem Inc | 0.27% | 104.57 | +2.10% | +3.61% | -1.06% | -22.95% | 57 |
| ATCO-B.ST ATLAS COPCO CLASS B | 0.27% | 185.50 | +2.86% | +3.46% | +3.72% | +25.30% | 79 |
| IR Ingersoll Rand Inc | 0.26% | 79.21 | +0.84% | +3.57% | +3.73% | +0.04% | 79 |
| HUBB Hubbell Inc B | 0.25% | 485.41 | +0.99% | +5.73% | +5.36% | +9.93% | 84 |
| HO.PA THALES SA | 0.25% | 222.50 | -1.90% | -1.81% | -3.89% | -3.18% | 44 |
| VRSK Verisk Analytics Inc | 0.24% | 165.20 | +1.18% | -0.45% | -11.08% | -25.96% | 10 |
| KNEBV.HE KONE | 0.23% | 51.96 | +2.53% | -0.35% | +2.04% | -11.55% | 70 |
| DTG Dte Energy Company 2021 Sr E | 0.23% | 15.20 | -1.36% | +0.86% | -3.37% | -7.07% | 49 |
| VLTO Veralto Corporation | 0.22% | 96.45 | -0.12% | -0.07% | +0.15% | -3.19% | 61 |
| CHRW C.H. Robinson Ww | 0.22% | 135.05 | -3.95% | -9.79% | -8.53% | -15.42% | 19 |
| EXPD Expeditors Intl | 0.22% | 191.80 | -1.20% | +1.93% | +1.59% | +29.38% | 68 |
| GEBN.SW GEBERIT AG | 0.21% | 536.20 | +0.41% | -2.65% | -4.83% | -11.35% | 37 |
| AENA.MC AENA SME SA | 0.21% | 25.84 | +1.57% | +1.10% | +1.41% | +12.31% | 66 |
| VACN.SW VAT GROUP AG | 0.21% | 698.20 | -1.61% | +2.71% | +10.90% | +83.14% | 97 |
| LUV Southwest Airlines Company | 0.20% | 42.45 | +1.43% | +0.88% | +7.14% | +3.15% | 93 |
| EFX Equifax Inc | 0.20% | 142.48 | -0.08% | +1.17% | -19.53% | -33.93% | 1 |
| JBHT J B Hunt Transport | 0.20% | 225.93 | -1.66% | -1.46% | -17.47% | +16.70% | 2 |
| WRT1V.HE WARTSILA | 0.20% | 30.79 | +4.09% | +8.30% | +6.81% | +2.88% | 91 |
| SNA Snap-On Inc | 0.19% | 368.61 | +0.33% | +0.42% | -3.76% | +8.38% | 46 |
| SGSN.SW SGS SA | 0.19% | 93.54 | -0.49% | -0.87% | +2.59% | +6.94% | 74 |
| FTV Fortive Corp | 0.19% | 57.89 | +0.89% | +4.48% | +1.67% | +4.97% | 70 |
| BR Broadridge Financial Solutions | 0.18% | 158.66 | -0.26% | -1.42% | -8.23% | -28.52% | 21 |
| EPI-A.ST EPIROC CLASS A | 0.18% | 269.10 | +1.17% | +1.59% | +2.44% | +28.20% | 73 |
| WKL.AS WOLTERS KLUWER NV | 0.17% | 69.36 | +1.52% | +2.00% | +2.15% | -21.49% | 71 |
| LDOS Leidos Holdings Inc | 0.16% | 116.69 | -2.31% | -5.21% | -12.30% | -35.16% | 7 |
| ROL Rollins Inc | 0.16% | 30.35 | +2.22% | -0.49% | -15.37% | -49.11% | 4 |
| TXT Textron Inc | 0.16% | 75.53 | -0.29% | -2.71% | -4.45% | -13.33% | 41 |
| IEX Idex Corp | 0.16% | 236.28 | +0.42% | +2.87% | +5.60% | +33.75% | 87 |
| NDSN Nordson Corp | 0.16% | 334.22 | -0.06% | +1.42% | +5.30% | +39.44% | 84 |
| LII Lennox International | 0.16% | 365.63 | +1.24% | +1.90% | -6.38% | -24.48% | 30 |
| KOG.OL KONGSBERG GRUPPEN | 0.15% | 299.00 | -3.27% | -2.06% | +0.34% | +16.25% | 61 |
| RTO Rentokil Initial Plc ADR | 0.15% | 299.00 | -0.07% | +0.17% | -12.50% | -32.36% | 6 |
| GNRC Generac Holdings Inc | 0.15% | 223.62 | +3.91% | +5.37% | +19.36% | +63.98% | 99 |
| RYA.IR RYANAIR HOLDINGS PLC | 0.15% | 24.21 | +2.28% | +3.28% | +6.42% | -17.51% | 90 |
| MAS Masco Corp | 0.14% | 69.93 | +2.15% | +2.28% | -3.81% | +11.20% | 45 |
| J Jacobs Engineering Group | 0.14% | 139.23 | +0.40% | +2.01% | -4.79% | +5.72% | 39 |
| KRX.IR KINGSPAN GROUP PLC | 0.13% | 101.50 | -1.17% | -0.78% | -1.93% | +37.40% | 54 |
| DPLM.LSE DIPLOMA PLC | 0.13% | 7860.00 | -0.13% | +0.45% | +9.24% | +50.04% | 94 |
| METSO.HE METSO CORPORATION | 0.13% | 17.28 | +2.37% | +2.25% | -4.79% | +16.92% | 38 |
| HII Huntington Ingalls Industries | 0.13% | 263.75 | -1.02% | +1.58% | -7.76% | -21.86% | 23 |
| PNR Pentair Ltd | 0.12% | 52.94 | +0.30% | -0.99% | -12.07% | -48.88% | 8 |
| SWK Stanley Black & Decker | 0.12% | 89.99 | +0.35% | +1.35% | -6.73% | +22.49% | 28 |
| KNIN.SW KUEHNE UND NAGEL INTERNATIONAL AG | 0.12% | 223.10 | +1.41% | -1.15% | +4.50% | +34.85% | 82 |
| TRI Thomson Reuters Corp | 0.12% | 98.09 | +1.04% | +1.92% | -7.18% | -23.97% | 26 |
| ALLE Allegion Plc | 0.12% | 155.20 | +1.00% | -0.15% | -1.22% | -2.16% | 56 |
| BVI.PA BUREAU VERITAS SA | 0.11% | 26.18 | -0.57% | -3.29% | -3.22% | -0.29% | 50 |
| EN.PA BOUYGUES SA | 0.11% | 41.23 | +1.43% | -3.24% | -8.17% | -3.09% | 21 |
| SMIN Ishares MSCI India Small Cap ETF | 0.11% | 68.65 | +0.41% | -0.28% | -5.18% | -1.80% | 35 |
| BNZL.LSE BUNZL | 0.11% | 2668.00 | +1.75% | +1.91% | +0.91% | +31.43% | 64 |
| FGR.PA EIFFAGE SA | 0.11% | 102.00 | +1.69% | -0.73% | -6.42% | -13.45% | 30 |
| PAC Grupo Aeroportuario Del Pacifico ADR | 0.10% | 209.20 | -0.38% | -0.58% | +0.49% | -20.65% | 63 |
| EPI-B.ST EPIROC CLASS B | 0.10% | 226.60 | +1.25% | +1.71% | +1.61% | +22.38% | 69 |
| ADDT-B.ST ADDTECH CLASS B | 0.10% | 346.40 | +1.76% | +1.58% | +3.90% | +5.80% | 81 |
| SKA-B.ST SKANSKA B | 0.09% | 263.90 | +0.00% | -6.02% | -3.37% | +10.74% | 50 |
| CAE Cae Inc | 0.09% | 23.73 | +0.08% | -2.14% | -2.79% | -21.99% | 53 |
| BLDR Builders Firstsource | 0.08% | 56.22 | +1.06% | -2.28% | -14.55% | -45.36% | 4 |
| MRO Marathon Oil Corp | 0.08% | 461.00 | -2.97% | -2.52% | -7.15% | -20.92% | 27 |
| TREL-B.ST TRELLEBORG B | 0.08% | 455.20 | +1.34% | -0.44% | +1.16% | +18.33% | 65 |
| SPX.LSE SPIRAX GROUP PLC | 0.07% | 7360.00 | +1.17% | +2.29% | +5.52% | +9.70% | 85 |
| NIBE-B.ST NIBE INDUSTRIER CLASS B | 0.07% | 45.32 | +0.67% | +0.20% | +3.07% | +27.23% | 76 |
| IMCD.AS IMCD NV | 0.07% | 98.16 | +2.55% | +2.06% | +1.47% | +29.19% | 67 |
| LTM Latam Airlines Group S.A. ADR | 0.06% | 52.23 | +2.84% | +2.29% | -0.46% | -3.05% | 59 |
| AOS Smith A.O. Corp | 0.06% | 56.90 | -0.12% | -1.93% | -5.92% | -14.02% | 33 |
| ADEN.SW ADECCO GROUP AG | 0.03% | 24.16 | +2.03% | -0.98% | +3.07% | +10.02% | 77 |
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
EXI dispersion — data Q&A
Is EXI's move broad or carried by a few names (21 sessions)?
As of 2026-10-06: over 21 sessions the fund returned -2.41% while its median constituent returned -3.37% — a dispersion of 7.29 pp; 47% of 135 members beat the fund. Broad decline - breadth is falling with price.
How did EXI's members trade in the last session?
As of 2026-10-06: fund +0.34%, median member +0.66%, 90 advancers vs 44 decliners.
What does the dispersion page for EXI 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. 135 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.