Constituent dispersion · breadth vs the index
XLI — Industrial Select Sector
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 | +1.45% | +0.64 | -4pp | +0.08pp | Confirming ↑ |
| 1 month | -2.11% | -1.3 | -6pp | -1.05pp | Confirming ↓ |
| 1 quarter | -4.90% | -2.09 | -4pp | -0.69pp | Confirming ↓ |
Over the last 126 sessions: price up +4.77%, breadth down (-0.52/name) · % beating 42→40 · median−ETF -0.75pp→-1.82pp.
Stocks above their moving average — participation breadth
Of the 80 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 80 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 | 34 (43%) | 7 (9%) | +27 |
| 1-Month | 16 (20%) | 6 (8%) | +10 |
| 3-Month | 1 (1%) | 5 (6%) | -4 |
| 6-Month | 1 (1%) | 4 (5%) | -3 |
| 52-Week | 1 (1%) | 2 (3%) | -1 |
| YTD | 1 (1%) | 4 (5%) | -3 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.87% | +0.53% | -0.34pp | 54 / 26 | 30 / 50 | 52 of 80 | ±1.6% |
| 5d | +1.45% | +0.98% | -0.47pp | 53 / 27 | 29 / 51 | 28 of 80 | ±3.09% |
| 21d | -2.11% | -3.93% | -1.82pp | 27 / 53 | 32 / 48 | 5 of 80 | ±8.19% |
| YTD | +10.92% | +4.97% | -5.95pp | 51 / 28 | 30 / 49 | 3 of 79 | ±27.61% |
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%+0.18pp
- CAT+1.80%+0.14pp
- PWR+5.29%+0.1pp
- ETN+2.89%+0.08pp
- FIX+6.12%+0.07pp
- BA-1.50%-0.05pp
- RTX-0.56%-0.03pp
- CHRW-3.95%-0.02pp
- HON-0.59%-0.02pp
- CPRT-3.00%-0.02pp
This month (21d)
- CAT+6.08%+0.47pp
- GEV+9.26%+0.43pp
- PWR+15.24%+0.29pp
- ETN+8.33%+0.23pp
- FIX+12.89%+0.15pp
- GE-8.23%-0.53pp
- RTX-8.72%-0.39pp
- BA-10.57%-0.33pp
- UBER-8.82%-0.23pp
- HWM-10.67%-0.21pp
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%
- JCI+9.53%
- EME+9.33%
- CPRT-20.46%
- EFX-19.53%
- AXON-18.82%
- JBHT-17.47%
- PAYX-17.00%
XLI — constituent leadership race
$100 in each covered XLI constituent at 2025-12-24, 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 — 80 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CAT Caterpillar Inc | 7.71% | 863.44 | +1.80% | +4.45% | +6.08% | +51.36% | 85 |
| GE GE Aerospace | 6.40% | 309.39 | +1.00% | -2.53% | -8.23% | +0.59% | 25 |
| GEV GE Vernova Inc | 4.62% | 1029.21 | +3.96% | +6.93% | +9.26% | +57.69% | 93 |
| RTX Rtx Corp | 4.49% | 183.29 | -0.56% | -1.95% | -8.72% | +0.27% | 23 |
| BA Boeing Company | 3.13% | 189.82 | -1.50% | +1.14% | -10.57% | -12.57% | 16 |
| UNP Union Pacific Corp | 2.95% | 276.61 | -0.16% | +0.90% | -4.49% | +20.83% | 45 |
| ETN Eaton Corp | 2.77% | 445.09 | +2.89% | +2.73% | +8.33% | +40.18% | 91 |
| DE Deere & Company | 2.65% | 682.79 | +0.09% | +0.58% | -1.55% | +47.09% | 60 |
| UBER UBER Technologies Inc | 2.58% | 69.08 | -0.58% | -0.40% | -8.82% | -15.46% | 21 |
| HON Honeywell International | 2.55% | 212.87 | -0.59% | +1.30% | +1.56% | +5.45% | 69 |
| VRT Vertiv Holdings Llc. | 2.11% | 253.14 | -0.19% | +1.93% | -9.74% | +56.29% | 19 |
| PH Parker-Hannifin Corp | 2.08% | 984.91 | +0.95% | +1.50% | +2.32% | +12.52% | 73 |
| LMT Lockheed Martin Corp | 1.99% | 510.12 | +0.69% | -0.41% | -2.89% | +6.02% | 57 |
| HWM Howmet Aerospace Inc | 1.93% | 231.60 | +0.88% | +0.29% | -10.67% | +13.08% | 15 |
| PWR Quanta Services | 1.92% | 719.56 | +5.29% | +10.42% | +15.24% | +70.57% | 98 |
| TT Trane Technologies Plc | 1.85% | 476.39 | +1.20% | +4.57% | +6.36% | +22.98% | 86 |
| GD General Dynamics Corp | 1.67% | 331.33 | -0.12% | -0.30% | -7.81% | -0.72% | 28 |
| CMI Cummins Inc | 1.66% | 535.31 | +2.28% | +2.67% | -4.54% | +5.55% | 44 |
| ADP Automatic Data Processing | 1.66% | 262.36 | +0.81% | +0.21% | -4.89% | +2.84% | 40 |
| JCI Johnson Controls Intl | 1.61% | 158.76 | +1.22% | +6.25% | +9.53% | +32.98% | 95 |
| CSX CSX Corp | 1.61% | 47.50 | +0.15% | +1.21% | -3.87% | +31.47% | 50 |
| MMM 3M Company | 1.52% | 163.64 | +0.28% | -2.88% | -2.92% | +2.67% | 56 |
| WM Waste Management | 1.48% | 207.88 | +0.59% | +0.38% | -4.65% | -4.60% | 43 |
| EMR Emerson Electric Company | 1.46% | 161.40 | -0.57% | +2.65% | +5.61% | +22.57% | 84 |
| UPS United Parcel Service | 1.46% | 93.11 | -0.03% | -0.87% | -8.97% | -4.82% | 20 |
| NOC Northrop Grumman Corp | 1.34% | 483.11 | +1.47% | -4.26% | -6.19% | -15.00% | 35 |
| FDX Fedex Corp | 1.33% | 289.03 | -0.03% | +0.54% | -10.03% | +0.46% | 18 |
| TDG Transdigm Group Inc | 1.29% | 1103.33 | +0.98% | +0.32% | -5.05% | -17.03% | 39 |
| NSC Norfolk Southern Corp | 1.28% | 316.31 | +0.03% | +1.06% | -3.99% | +10.52% | 49 |
| URI United Rentals | 1.23% | 1080.62 | +0.59% | +6.51% | +7.01% | +34.10% | 89 |
| ITW Illinois Tool Works | 1.23% | 267.14 | +1.12% | +0.67% | -1.10% | +9.15% | 63 |
| FIX Comfort Systems USA | 1.20% | 1817.96 | +6.12% | +9.18% | +12.89% | +94.97% | 96 |
| PCAR Paccar Inc | 1.13% | 109.32 | -0.04% | -2.22% | -12.33% | +0.40% | 10 |
| CTAS Cintas Corp | 1.09% | 195.96 | +0.29% | -0.90% | -2.25% | +4.43% | 59 |
| GWW W.W. Grainger | 1.05% | 1275.56 | -0.88% | +2.15% | -3.69% | +26.91% | 54 |
| LHX L3Harris Technologies | 1.05% | 237.90 | +0.43% | +0.60% | -7.23% | -18.68% | 30 |
| CARR Carrier Global Corp | 1.00% | 56.10 | +0.66% | +1.30% | -6.05% | +7.00% | 36 |
| DAL Delta Air Lines Inc | 0.98% | 83.66 | +0.70% | -1.43% | +4.35% | +21.20% | 78 |
| FAST Fastenal Company | 0.97% | 50.81 | +0.24% | +1.70% | +2.44% | +27.99% | 74 |
| AME Ametek Inc | 0.95% | 253.72 | +0.71% | +1.17% | +6.73% | +23.78% | 88 |
| ROK Rockwell Automation Inc | 0.94% | 457.84 | +0.58% | +6.10% | +5.54% | +18.45% | 81 |
| ODFL Old Dominion Freight Line | 0.82% | 178.02 | -0.75% | +0.32% | -4.22% | +13.69% | 48 |
| WAB Wabtec Corp | 0.82% | 291.16 | -0.24% | -0.02% | +2.93% | +36.74% | 75 |
| RSG Republic Services | 0.77% | 214.74 | +0.90% | +1.66% | -3.58% | +1.91% | 55 |
| UAL United Airlines Holdings | 0.68% | 111.87 | +1.70% | -0.69% | +0.44% | +0.04% | 68 |
| EME Emcor Group | 0.67% | 824.52 | +5.82% | +8.20% | +9.33% | +34.92% | 94 |
| AXON Axon Enterprise | 0.63% | 418.62 | +1.65% | -0.23% | -18.82% | -26.29% | 3 |
| PAYX Paychex Inc | 0.59% | 101.02 | +1.24% | +1.72% | -17.00% | -9.01% | 5 |
| DOV Dover Corp | 0.53% | 191.88 | +0.30% | +1.15% | -0.52% | -1.25% | 65 |
| OTIS Otis Worldwide Corp | 0.50% | 66.45 | +0.87% | +1.25% | -6.68% | -23.11% | 33 |
| CPRT Copart Inc | 0.50% | 26.82 | -3.00% | -1.18% | -20.46% | -31.49% | 0 |
| XYL Xylem Inc | 0.49% | 104.57 | +2.10% | +3.61% | -1.06% | -22.95% | 64 |
| IR Ingersoll Rand Inc | 0.48% | 79.21 | +0.84% | +3.57% | +3.73% | +0.04% | 76 |
| VRSK Verisk Analytics Inc | 0.47% | 165.20 | +1.18% | -0.45% | -11.08% | -25.96% | 14 |
| HUBB Hubbell Inc B | 0.46% | 485.41 | +0.99% | +5.73% | +5.36% | +9.93% | 80 |
| CHRW C.H. Robinson Ww | 0.42% | 135.05 | -3.95% | -9.79% | -8.53% | -15.42% | 24 |
| LUV Southwest Airlines Company | 0.41% | 42.45 | +1.43% | +0.88% | +7.14% | +3.15% | 90 |
| EXPD Expeditors Intl | 0.41% | 191.80 | -1.20% | +1.93% | +1.59% | +29.38% | 70 |
| JBHT J B Hunt Transport | 0.39% | 225.93 | -1.66% | -1.46% | -17.47% | +16.70% | 4 |
| VLTO Veralto Corporation | 0.38% | 96.45 | -0.12% | -0.07% | +0.15% | -3.19% | 66 |
| SNA Snap-On Inc | 0.37% | 368.61 | +0.33% | +0.42% | -3.76% | +8.38% | 53 |
| EFX Equifax Inc | 0.36% | 142.48 | -0.08% | +1.17% | -19.53% | -33.93% | 1 |
| FDXF Fedex Freight Holding Company Inc | 0.34% | 112.10 | +0.47% | +0.04% | -13.40% | — | 9 |
| FTV Fortive Corp | 0.34% | 57.89 | +0.89% | +4.48% | +1.67% | +4.97% | 71 |
| BR Broadridge Financial Solutions | 0.31% | 158.66 | -0.26% | -1.42% | -8.23% | -28.52% | 26 |
| LII Lennox International | 0.30% | 365.63 | +1.24% | +1.90% | -6.38% | -24.48% | 34 |
| IEX Idex Corp | 0.30% | 236.28 | +0.42% | +2.87% | +5.60% | +33.75% | 83 |
| TXT Textron Inc | 0.29% | 75.53 | -0.29% | -2.71% | -4.45% | -13.33% | 46 |
| LDOS Leidos Holdings Inc | 0.28% | 116.69 | -2.31% | -5.21% | -12.30% | -35.16% | 11 |
| GNRC Generac Holdings Inc | 0.28% | 223.62 | +3.91% | +5.37% | +19.36% | +63.98% | 99 |
| NDSN Nordson Corp | 0.28% | 334.22 | -0.06% | +1.42% | +5.30% | +39.44% | 79 |
| MAS Masco Corp | 0.27% | 69.93 | +2.15% | +2.28% | -3.81% | +11.20% | 51 |
| J Jacobs Engineering Group | 0.27% | 139.23 | +0.40% | +2.01% | -4.79% | +5.72% | 41 |
| ROL Rollins Inc | 0.25% | 30.35 | +2.22% | -0.49% | -15.37% | -49.11% | 6 |
| SWK Stanley Black & Decker | 0.24% | 89.99 | +0.35% | +1.35% | -6.73% | +22.49% | 31 |
| PNR Pentair Ltd | 0.22% | 52.94 | +0.30% | -0.99% | -12.07% | -48.88% | 13 |
| HII Huntington Ingalls Industries | 0.21% | 263.75 | -1.02% | +1.58% | -7.76% | -21.86% | 29 |
| ALLE Allegion Plc | 0.21% | 155.20 | +1.00% | -0.15% | -1.22% | -2.16% | 61 |
| BLDR Builders Firstsource | 0.16% | 56.22 | +1.06% | -2.28% | -14.55% | -45.36% | 8 |
| AOS Smith A.O. Corp | 0.12% | 56.90 | -0.12% | -1.93% | -5.92% | -14.02% | 38 |
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
XLI dispersion — data Q&A
Is XLI's move broad or carried by a few names (21 sessions)?
As of 2026-10-06: over 21 sessions the fund returned -2.11% while its median constituent returned -3.93% — a dispersion of 8.19 pp; 40% of 80 members beat the fund. Broad decline - breadth is falling with price.
How did XLI's members trade in the last session?
As of 2026-10-06: fund +0.87%, median member +0.53%, 54 advancers vs 26 decliners.
What does the dispersion page for XLI 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. 80 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.