Constituent dispersion · breadth vs the index
MXI — Global Materials
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 | +1.99% | +0.25 | -5pp | -0.68pp | Confirming ↑ |
| 1 month | -4.83% | -2.24 | +9pp | +2.91pp | Confirming ↓ |
| 1 quarter | +5.67% | +0.17 | -3pp | -0.42pp | Confirming ↑ |
Over the last 126 sessions: price down -0.60%, breadth down (-2.63/name) · % beating 46→47 · median−ETF -1.18pp→-0.43pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.88% | +0.56% | -0.32pp | 39 / 18 | 23 / 36 | 40 of 59 | ±1.8% |
| 5d | +1.99% | +0.31% | -1.68pp | 33 / 25 | 17 / 41 | 15 of 58 | ±3.1% |
| 21d | -4.83% | -5.00% | -0.17pp | 11 / 46 | 27 / 30 | 7 of 57 | ±5.66% |
| YTD | +14.69% | +11.12% | -3.56pp | 38 / 17 | 22 / 33 | 2 of 55 | ±20.56% |
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)
- CTVA+12.27%+0.21pp
- LIN+1.57%+0.12pp
- AI+1.35%+0.05pp
- AEM+1.47%+0.04pp
- ECL+1.35%+0.03pp
- STLD-1.19%-0.01pp
- DOW-1.23%-0.01pp
- NHY.OL-2.02%-0.01pp
- RIO-0.26%-0.01pp
- VALE-0.49%-0.01pp
This month (21d)
- AI+7.46%+0.3pp
- LIN+2.59%+0.2pp
- GIVN.SW+5.29%+0.05pp
- DSFIR.SW+5.30%+0.04pp
- SCCO+2.77%+0.01pp
- NEM-9.13%-0.36pp
- AEM-9.13%-0.27pp
- BHP-3.78%-0.27pp
- CRH-11.31%-0.25pp
- RIO-6.25%-0.23pp
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)
- AI+7.46%
- JMAT.LSE+5.64%
- DSFIR.SW+5.30%
- GIVN.SW+5.29%
- SCCO+2.77%
- MOS-18.31%
- NHY.OL-15.84%
- ALB-15.50%
- IP-13.69%
- CF-13.00%
MXI — constituent leadership race
$100 in each covered MXI constituent at 2026-01-06, 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 — 59 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| LIN Linde Plc | 7.90% | 489.95 | +1.57% | +3.50% | +2.59% | +15.29% | 89 |
| BHP Bhp Billiton Ltd ADR | 7.04% | 87.00 | +0.20% | +2.57% | -3.78% | +46.95% | 58 |
| AI C3.Ai Inc Cl A | 3.96% | 11.24 | +1.35% | +8.70% | +7.46% | -16.62% | 98 |
| NEM Newmont Mining Corp | 3.89% | 116.39 | +0.49% | -0.60% | -9.13% | +17.07% | 19 |
| RIO Rio Tinto Plc ADR | 3.65% | 7164.00 | -0.26% | +1.30% | -6.25% | +22.78% | 40 |
| FCX Freeport-Mcmoran Inc | 2.94% | 72.56 | -0.06% | +2.50% | -0.23% | +43.53% | 79 |
| AEM Agnico-Eagle Mines Ltd | 2.93% | 186.03 | +1.47% | +0.11% | -9.13% | +10.44% | 21 |
| GLEN.LSE GLENCORE PLC | 2.41% | 573.50 | +0.74% | +3.93% | -5.02% | +41.08% | 47 |
| SHW Sherwin-Williams Company | 2.35% | 321.16 | +0.85% | -2.81% | -3.76% | -0.67% | 61 |
| CRH CRH Plc ADR | 2.23% | 83.60 | +1.15% | -1.10% | -11.31% | -32.53% | 11 |
| APD Air Products and Chemicals | 2.13% | 281.00 | +0.55% | +1.31% | -6.73% | +15.30% | 37 |
| ECL Ecolab Inc | 2.10% | 280.82 | +1.35% | +1.06% | +0.55% | +7.26% | 82 |
| AAL American Airlines Gp | 1.97% | 13.00 | +1.33% | -4.48% | -0.99% | -15.20% | 77 |
| VALE Vale S.A. ADR | 1.94% | 14.08 | -0.49% | +5.86% | -7.79% | +11.14% | 28 |
| WPM Wheaton Precious Metals | 1.90% | 137.65 | +1.01% | +1.67% | -11.18% | +17.65% | 12 |
| CTVA Corteva Inc | 1.75% | 13.91 | +12.27% | — | — | — | — |
| NUE Nucor Corp | 1.70% | 251.07 | -0.14% | +6.53% | -3.83% | +54.45% | 56 |
| RIO Rio Tinto Plc ADR | 1.58% | 7164.00 | -0.26% | +1.30% | -6.25% | +22.78% | 40 |
| HOLN.SW HOLCIM LTD AG | 1.52% | 65.84 | +1.39% | -3.55% | -10.71% | -13.29% | 14 |
| FNV Franco Nev Corp | 1.43% | 243.98 | +1.33% | -1.60% | -8.19% | +18.15% | 26 |
| VMC Vulcan Materials Company | 1.14% | 248.85 | +1.34% | +2.51% | -5.25% | -12.41% | 46 |
| K Kellanova | 1.13% | 83.44 | +0.00% | +0.35% | — | — | — |
| NTR Nutrien Ltd | 1.11% | 71.20 | +1.34% | +0.03% | -10.41% | +17.25% | 16 |
| MLM Martin Marietta Materials | 1.07% | 489.01 | +0.72% | +2.07% | -5.00% | -21.26% | 49 |
| STLD Steel Dynamics Inc | 1.05% | 238.17 | -1.19% | +7.59% | -1.61% | +40.99% | 74 |
| SIKA.XETRA SIKA AG | 0.96% | 187.20 | -0.53% | -4.54% | -8.77% | +9.66% | 23 |
| GIVN.SW GIVAUDAN SA | 0.95% | 3402.00 | +0.62% | -1.10% | +5.29% | +11.12% | 93 |
| DOW Dow Inc | 0.85% | 28.16 | -1.23% | +1.99% | -4.35% | +23.11% | 53 |
| HEI Heico Corp | 0.83% | 303.26 | +0.56% | -1.25% | -6.83% | -6.25% | 35 |
| PPG PPG Industries | 0.79% | 106.52 | +1.19% | +0.47% | -5.34% | +5.24% | 44 |
| DSFIR.SW DSM FIRMENICH AG | 0.68% | 93.30 | +2.64% | +0.38% | +5.30% | — | 95 |
| ALB Albemarle Corp | 0.66% | 106.35 | +1.90% | -1.18% | -15.50% | -24.62% | 4 |
| SW Smurfit Westrock Plc | 0.65% | 42.39 | -0.05% | -4.48% | -7.51% | +11.85% | 30 |
| DD Dupont Denemours Inc | 0.63% | 133.28 | +1.98% | +2.43% | +1.28% | +11.40% | 84 |
| IFF International Flavors & Fragrances | 0.63% | 83.92 | +0.79% | -1.56% | -2.81% | +25.26% | 65 |
| PKG Packaging Corp of America | 0.63% | 229.74 | +0.19% | -1.52% | -3.17% | +12.05% | 63 |
| CF Cf Industries Holdings | 0.63% | 116.02 | +0.00% | +0.27% | -13.00% | +51.43% | 7 |
| ANTO.LSE ANTOFAGASTA PLC | 0.59% | 3829.00 | -0.23% | +4.90% | -1.77% | +16.78% | 70 |
| LYB Lyondellbasell Industries NV | 0.59% | 58.93 | -0.49% | +1.29% | -7.23% | +39.19% | 33 |
| AMCR Amcor Plc | 0.58% | 41.77 | -0.07% | -1.63% | -7.49% | — | 32 |
| IP International Paper Company | 0.55% | 32.14 | +0.28% | -3.54% | -13.69% | -16.36% | 5 |
| BOL.ST BOLIDEN | 0.53% | 527.00 | +0.57% | +4.36% | -4.18% | +4.60% | 54 |
| NHY.OL NORSK HYDRO | 0.51% | 79.46 | -2.02% | -3.57% | -15.84% | +4.56% | 2 |
| UPM.HE UPM-KYMMENE | 0.51% | 24.19 | -0.21% | -2.97% | +0.29% | +0.38% | 81 |
| BALL Ball Corporation | 0.49% | 57.43 | +0.56% | +1.38% | -8.36% | +9.14% | 25 |
| SCCO Southern Copper Corp | 0.49% | 204.26 | -0.50% | +0.84% | +2.77% | +46.42% | 91 |
| S32.LSE SOUTH32 LTD | 0.44% | 262.00 | +0.38% | -0.91% | -1.66% | +49.84% | 72 |
| AVY Avery Dennison Corp | 0.41% | 168.45 | -0.91% | -1.36% | -3.78% | -6.33% | 60 |
| SQM Sociedad Quimica Y Minera S.A. ADR | 0.37% | 66.17 | +0.52% | +0.14% | -12.34% | -3.12% | 9 |
| AKZA.AS AKZO NOBEL NV | 0.33% | 58.76 | +1.80% | +3.52% | -2.33% | +2.27% | 67 |
| YAR.OL YARA INTERNATIONAL | 0.31% | 411.30 | -0.58% | -3.22% | -10.24% | -0.65% | 18 |
| STERV.HE STORA ENSO CLASS R | 0.23% | 9.96 | +1.01% | -2.57% | -2.09% | -5.71% | 68 |
| MOS Mosaic Company | 0.23% | 20.94 | -1.64% | -6.60% | -18.31% | -11.45% | 0 |
| SCA-B.ST SVENSKA CELLULOSA B | 0.20% | 119.10 | +1.02% | -2.58% | +2.19% | -0.11% | 86 |
| CRDA.LSE CRODA INTERNATIONAL PLC | 0.18% | 3347.00 | +1.64% | +2.17% | +2.57% | +26.86% | 88 |
| SYENS.BR SYENSQO NV | 0.17% | 79.50 | +0.32% | +0.63% | -1.06% | +19.17% | 75 |
| JMAT.LSE JOHNSON MATTHEY PLC | 0.16% | 2436.00 | +1.25% | +2.35% | +5.64% | +4.99% | 96 |
| AKE.PA ARKEMA SA | 0.15% | 55.10 | +1.29% | -1.17% | -6.69% | +12.15% | 39 |
| MNDI.LSE MONDI PLC | 0.14% | 795.80 | +1.66% | -0.90% | -4.92% | -11.94% | 51 |
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
MXI dispersion — data Q&A
Is MXI's move broad or carried by a few names (21 sessions)?
As of 2026-10-06: over 21 sessions the fund returned -4.83% while its median constituent returned -5.00% — a dispersion of 5.66 pp; 47% of 57 members beat the fund. Broad decline - breadth is falling with price.
How did MXI's members trade in the last session?
As of 2026-10-06: fund +0.88%, median member +0.56%, 39 advancers vs 18 decliners.
What does the dispersion page for MXI 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. 59 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.