Constituent dispersion · breadth vs the index
WTAI — WisdomTree AI & Innovation
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 | +3.92% | +1.19 | +6pp | +0.68pp | Confirming ↑ |
| 1 month | +8.73% | +1.47 | +2pp | -1.77pp | Confirming ↑ |
| 1 quarter | +7.09% | +0.47 | -7pp | -2.30pp | Confirming ↑ |
Over the last 126 sessions: price up +46.77%, breadth up (+5.4/name) · % beating 28→41 · median−ETF -4.19pp→-3.33pp.
Stocks above their moving average — participation breadth
Of the 47 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 47 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 | 28 (60%) | 7 (15%) | +21 |
| 1-Month | 17 (36%) | 1 (2%) | +16 |
| 3-Month | 11 (23%) | 0 (0%) | +11 |
| 6-Month | 9 (19%) | 0 (0%) | +9 |
| 52-Week | 7 (16%) | 0 (0%) | +7 |
| YTD | 8 (17%) | 0 (0%) | +8 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.02% | +0.66% | +0.64pp | 31 / 15 | 31 / 16 | 17 of 47 | ±2.28% |
| 5d | +3.92% | +3.98% | +0.06pp | 37 / 10 | 24 / 23 | 7 of 47 | ±4.3% |
| 21d | +8.73% | +5.00% | -3.72pp | 32 / 15 | 19 / 28 | 1 of 47 | ±12.91% |
| YTD | +56.49% | +28.44% | -28.05pp | 35 / 12 | 16 / 31 | 1 of 47 | ±73.95% |
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)
- AVGO+3.67%+0.11pp
- ALAB+7.58%+0.11pp
- MRVL+5.81%+0.1pp
- AMZN+1.95%+0.07pp
- PANW+3.23%+0.07pp
- MU-1.73%-0.07pp
- INTC-3.18%-0.06pp
- TER-3.20%-0.06pp
- DOCN-4.53%-0.06pp
- CRM-2.09%-0.03pp
This month (21d)
- AMD+35.98%+0.78pp
- PANW+26.00%+0.57pp
- MRVL+28.39%+0.51pp
- TER+20.53%+0.4pp
- CRWD+30.86%+0.38pp
- ORCL-8.82%-0.29pp
- CRM-13.21%-0.18pp
- VRT-9.74%-0.15pp
- CMI-4.54%-0.08pp
- SPOT-10.01%-0.08pp
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%
- CRWD+30.86%
- DDOG+30.67%
- CRDO+29.47%
- MRVL+28.39%
- CRM-13.21%
- NFLX-12.22%
- SPOT-10.01%
- VRT-9.74%
- ORCL-8.82%
WTAI — constituent leadership race
$100 in each covered WTAI 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 — 47 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| GOOGL Alphabet Cl A | 5.66% | 347.68 | +0.35% | +1.98% | +2.72% | +11.16% | 38 |
| NVDA Nvidia Corp | 4.20% | 239.24 | +0.14% | +5.29% | +3.97% | +28.44% | 47 |
| MU Micron Technology | 4.02% | 1045.56 | -1.73% | -1.83% | +2.85% | +266.49% | 43 |
| AMZN Amazon.com Inc | 3.81% | 256.29 | +1.95% | +3.90% | -0.86% | +11.03% | 26 |
| ORCL Oracle Corp | 3.24% | 144.77 | +1.61% | +5.07% | -8.82% | -25.27% | 9 |
| AVGO Broadcom Ltd | 3.12% | 375.81 | +3.67% | +5.83% | +5.00% | +8.81% | 49 |
| MSFT Microsoft Corp | 3.10% | 529.30 | +0.78% | +4.00% | +5.92% | +9.70% | 53 |
| TSM Taiwan Semiconductor ADR | 2.24% | 482.30 | -0.72% | +5.55% | +12.45% | +59.07% | 66 |
| PANW Palo Alto Networks | 2.20% | 419.91 | +3.23% | +8.11% | +26.00% | +127.96% | 85 |
| AMD Adv Micro Devices | 2.17% | 649.42 | +2.80% | +6.89% | +35.98% | +203.24% | 98 |
| INTC Intel Corp | 1.99% | 112.50 | -3.18% | -2.96% | +17.43% | +204.88% | 77 |
| NOW Servicenow Inc | 1.99% | 137.97 | +1.39% | +6.18% | -2.33% | -9.94% | 19 |
| SNOW Snowflake Inc Cl A | 1.97% | 335.95 | -0.90% | +1.71% | -0.36% | +53.15% | 28 |
| TER Teradyne Inc | 1.94% | 430.32 | -3.20% | +6.77% | +20.53% | +122.41% | 79 |
| MRVL Marvell Technology Inc | 1.79% | 287.01 | +5.81% | +9.02% | +28.39% | +238.15% | 89 |
| CMI Cummins Inc | 1.78% | 535.31 | +2.28% | +2.67% | -4.54% | +5.55% | 15 |
| CLS Celestica Inc | 1.56% | 388.24 | +1.45% | +5.94% | +24.30% | +31.34% | 81 |
| VRT Vertiv Holdings Llc. | 1.55% | 253.14 | -0.19% | +1.93% | -9.74% | +56.29% | 6 |
| ASML ASML Holdings NY Reg ADR | 1.52% | 1834.10 | -1.39% | -0.02% | +6.95% | +72.03% | 55 |
| PLTR Palantir Technologies Cl A | 1.44% | 192.07 | +1.41% | +2.73% | +10.18% | +8.06% | 62 |
| ALAB Astera Labs Inc | 1.43% | 389.80 | +7.58% | +8.93% | +25.58% | +134.31% | 83 |
| MDB Mongodb Inc Cl A | 1.37% | 360.71 | +0.41% | +6.98% | -2.18% | -14.05% | 21 |
| CRM Salesforce Inc | 1.34% | 224.99 | -2.09% | -0.14% | -13.21% | -14.86% | 0 |
| CHKP Check Point Software | 1.32% | 131.98 | +1.85% | +3.98% | -3.70% | -28.87% | 17 |
| DOCN Digitalocean Holdings Inc | 1.30% | 131.01 | -4.53% | -2.96% | +16.48% | +172.26% | 74 |
| FROG Jfrog Ltd | 1.23% | 98.51 | +0.66% | +9.01% | +12.45% | +57.72% | 68 |
| CRWD Crowdstrike Holdings | 1.23% | 278.86 | +2.27% | +6.14% | +30.86% | +137.96% | 96 |
| CFLT Confluent Inc Cl A | 1.20% | 30.99 | +0.00% | +0.85% | +1.41% | +2.48% | 34 |
| TEAM Atlassian Corp | 1.14% | 193.98 | -1.36% | +10.24% | +2.32% | +19.64% | 36 |
| LSCC Lattice Semicond | 1.13% | 134.47 | +1.22% | +7.19% | +16.02% | +82.75% | 72 |
| ANET Arista Networks Inc | 1.09% | 215.36 | +4.09% | +6.16% | +11.14% | +64.36% | 64 |
| NET Cloudflare Inc Cl A | 1.08% | 355.01 | -1.25% | +0.78% | +27.28% | +80.07% | 87 |
| LYFT Lyft Inc Cl A | 1.07% | 15.76 | +0.19% | +4.58% | -5.74% | -18.64% | 13 |
| CRDO Credo Technology Group Holding Ltd | 1.05% | 220.83 | +3.93% | +14.81% | +29.47% | +53.47% | 91 |
| IBM Intl Business Machines | 0.97% | 221.29 | -0.13% | +0.59% | -5.79% | -24.87% | 11 |
| DDOG Datadog Inc Cl A | 0.92% | 278.24 | +0.66% | +3.60% | +30.67% | +104.60% | 94 |
| MCHP Microchip Technology | 0.91% | 81.26 | -0.28% | +3.15% | +9.56% | +28.28% | 60 |
| SYM Symbotic Inc | 0.89% | 44.15 | +2.99% | +6.36% | +2.82% | -25.80% | 40 |
| EQIX Equinix Inc | 0.84% | 1047.36 | +2.34% | +3.16% | +1.10% | +38.13% | 32 |
| SPOT Spotify Technology S.A. | 0.78% | 488.13 | +1.05% | -1.12% | -10.01% | -15.94% | 4 |
| DE Deere & Company | 0.68% | 682.79 | +0.09% | +0.58% | -1.55% | +47.09% | 23 |
| SAIL Sailpoint Inc | 0.66% | 19.91 | -1.87% | -3.68% | +5.79% | -1.58% | 51 |
| KR Kroger Company | 0.58% | 58.41 | -0.63% | -3.92% | -0.31% | -5.55% | 30 |
| NFLX Netflix Inc | 0.57% | 68.69 | +1.76% | -2.29% | -12.22% | -26.74% | 2 |
| SHOP Shopify Inc | 0.48% | 164.44 | +2.70% | +10.91% | +13.34% | +2.16% | 70 |
| GTLB Gitlab Inc Cl A | 0.46% | 51.63 | +0.25% | +10.53% | +3.61% | +37.57% | 45 |
| QCOM Qualcomm Inc | 0.43% | 181.03 | +0.13% | -1.67% | +7.28% | +6.51% | 57 |
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
WTAI dispersion — data Q&A
Is WTAI's move broad or carried by a few names (21 sessions)?
As of 2026-10-06: over 21 sessions the fund returned +8.73% while its median constituent returned +5.00% — a dispersion of 12.91 pp; 40% of 47 members beat the fund. Broad advance - breadth is rising with price.
How did WTAI's members trade in the last session?
As of 2026-10-06: fund +0.02%, median member +0.66%, 31 advancers vs 15 decliners.
What does the dispersion page for WTAI 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. 47 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.