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 | -1.91% | -0.03 | -1pp | -0.34pp | Confirming ↓ |
| 1 month | -11.41% | -1.12 | +11pp | +3.67pp | Confirming ↓ |
| 1 quarter | -8.42% | -1.97 | -7pp | -3.47pp | Confirming ↓ |
Over the last 126 sessions: price down -5.97%, breadth down (-2.38/name) · % beating 36→55 · median−ETF -12.97pp→+2.02pp.
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 2026-11-10.
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 | 11 (17%) | 14 (21%) | -3 |
| 1-Month | 2 (3%) | 8 (12%) | -6 |
| 3-Month | 2 (3%) | 5 (8%) | -3 |
| 6-Month | 1 (2%) | 2 (3%) | -1 |
| 52-Week | 0 (0%) | 1 (2%) | -1 |
| YTD | 0 (0%) | 1 (2%) | -1 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.63% | -0.57% | +0.06pp | 24 / 42 | 34 / 32 | 30 of 66 | ±2.24% |
| 5d | -1.91% | -2.04% | -0.12pp | 25 / 41 | 32 / 34 | 11 of 66 | ±10.32% |
| 21d | -11.41% | -9.39% | +2.02pp | 20 / 46 | 36 / 30 | 2 of 66 | ±19.13% |
| YTD | +14.83% | -5.04% | -19.87pp | 26 / 40 | 18 / 48 | 0 of 66 | ±43.2% |
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+3.91%+0.11pp
- AMD+1.30%+0.07pp
- TSM+2.02%+0.07pp
- AMZN+1.48%+0.04pp
- QCOM+1.20%+0.02pp
- NVDA-5.47%-0.15pp
- INTC-2.09%-0.1pp
- MU-1.10%-0.07pp
- MSFT-2.20%-0.05pp
- APP-3.53%-0.04pp
This month (21d)
- APP+46.01%+0.54pp
- ACN+21.28%+0.17pp
- IBM+7.71%+0.15pp
- AMZN+4.37%+0.11pp
- SAP+7.29%+0.11pp
- INTC-42.64%-2.04pp
- MU-26.67%-1.64pp
- MRVL-41.93%-0.77pp
- NVDA-25.38%-0.7pp
- AMD-13.30%-0.67pp
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)
- APP+46.01%
- GLOB+33.98%
- EFX+27.76%
- G+25.39%
- GEHC+23.49%
- INTC-42.64%
- MRVL-41.93%
- CRWV-39.28%
- DDOG-37.90%
- CLS-35.57%
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% | 725.11 | -1.10% | -15.20% | -26.67% | +154.17% | 17 |
| AMD Adv Micro Devices | 5.02% | 515.21 | +1.30% | +6.47% | -13.30% | +140.57% | 42 |
| INTC Intel Corp | 4.79% | 58.13 | -2.09% | -4.00% | -42.64% | +57.53% | 0 |
| CSCO Cisco Systems Inc | 4.05% | 98.15 | -0.51% | -4.68% | -14.90% | +28.79% | 36 |
| TSM Taiwan Semiconductor ADR | 3.22% | 396.48 | +2.02% | -2.06% | -10.77% | +30.76% | 45 |
| AAPL Apple Inc | 2.92% | 348.51 | -0.62% | +5.00% | +2.21% | +28.31% | 76 |
| AVGO Broadcom Ltd | 2.92% | 331.98 | +3.91% | -0.05% | -6.41% | -3.88% | 58 |
| NVDA Nvidia Corp | 2.76% | 168.89 | -5.47% | -18.29% | -25.38% | -9.33% | 18 |
| GOOGL Alphabet Cl A | 2.71% | 287.38 | -0.27% | +2.62% | -18.52% | -8.12% | 29 |
| ORCL Oracle Corp | 2.57% | 117.98 | -1.51% | -6.51% | -14.13% | -39.10% | 38 |
| AMZN Amazon.com Inc | 2.53% | 270.87 | +1.48% | +8.05% | +4.37% | +17.35% | 79 |
| NFLX Netflix Inc | 2.39% | 63.26 | -1.08% | -0.25% | -10.41% | -32.53% | 47 |
| TSLA Tesla Inc | 2.25% | 379.78 | +0.46% | -4.70% | +0.46% | -15.55% | 71 |
| META META Platforms Inc | 2.17% | 641.39 | +0.00% | +3.28% | -13.67% | -2.75% | 39 |
| MSFT Microsoft Corp | 2.15% | 533.16 | -2.20% | +2.34% | -1.48% | +10.50% | 65 |
| IBM Intl Business Machines | 1.96% | 244.53 | +0.05% | -1.53% | +7.71% | -16.98% | 83 |
| PLTR Palantir Technologies Cl A | 1.92% | 168.82 | -0.22% | -3.75% | -19.22% | -5.02% | 27 |
| MRVL Marvell Technology Inc | 1.83% | 154.39 | -0.14% | -10.22% | -41.93% | +81.90% | 2 |
| QCOM Qualcomm Inc | 1.75% | 173.53 | +1.20% | +5.53% | -0.52% | +2.10% | 68 |
| BABA Alibaba Group Holding ADR | 1.58% | 102.72 | -2.52% | +2.35% | -7.28% | -29.92% | 55 |
| STX Seagate Technology Holdings | 1.53% | 501.62 | -0.89% | -17.28% | -33.41% | +82.47% | 8 |
| SAP SAP Ag ADR | 1.44% | 233.74 | -1.55% | +1.49% | +7.29% | -3.78% | 82 |
| CRM Salesforce Inc | 1.20% | 213.48 | -0.68% | -3.92% | -8.74% | -19.21% | 52 |
| APP Applovin Corp Cl A | 1.18% | 395.51 | -3.53% | +61.10% | +46.01% | -41.30% | 98 |
| UBER UBER Technologies Inc | 1.10% | 70.05 | -1.57% | +5.18% | -2.03% | -14.27% | 64 |
| SHOP Shopify Inc | 1.02% | 146.61 | -3.58% | +2.83% | -18.20% | -8.92% | 30 |
| NOW Servicenow Inc | 0.82% | 99.61 | -3.07% | -8.75% | -29.01% | -34.98% | 15 |
| ACN Accenture Plc | 0.81% | 258.51 | +1.63% | +1.55% | +21.28% | -2.26% | 89 |
| CDNS Cadence Design Sys | 0.81% | 331.64 | -1.45% | +2.44% | -4.82% | +6.10% | 61 |
| SNPS Synopsys Inc | 0.67% | 459.95 | -1.50% | -0.63% | -8.47% | -2.08% | 53 |
| NOK Nokia Corp ADR | 0.66% | 8.25 | +0.86% | -2.71% | -16.67% | +28.43% | 35 |
| ADBE Adobe Systems Inc | 0.65% | 236.70 | -0.26% | -3.84% | -0.60% | -32.37% | 67 |
| SNOW Snowflake Inc Cl A | 0.61% | 295.76 | +1.59% | +0.24% | -17.93% | +34.83% | 32 |
| NXPI Nxp Semiconductors | 0.59% | 261.56 | +2.00% | -0.47% | +16.14% | +21.13% | 88 |
| DDOG Datadog Inc Cl A | 0.58% | 178.40 | -0.68% | -19.10% | -37.90% | +31.19% | 5 |
| HPE Hewlett Packard Enterprise | 0.56% | 47.93 | +0.82% | -9.74% | -31.85% | +100.83% | 12 |
| HUT Hut 8 Corp | 0.54% | 56.77 | -0.44% | -10.95% | -33.40% | +23.57% | 9 |
| TWLO Twilio | 0.40% | 214.21 | +3.66% | +0.21% | -24.22% | +50.60% | 20 |
| CLS Celestica Inc | 0.35% | 223.89 | +0.44% | -13.87% | -35.57% | -24.26% | 6 |
| OKTA Okta Inc Cl A | 0.32% | 178.36 | +0.44% | -5.97% | -21.45% | +106.27% | 24 |
| ERIC Ericsson ADR | 0.32% | 10.64 | +0.38% | -2.30% | +13.55% | +11.88% | 86 |
| CRWV Coreweave Inc Cl A | 0.30% | 48.73 | -0.51% | -9.32% | -39.28% | -31.95% | 3 |
| TDC Teradata Corp | 0.28% | 32.78 | +1.42% | -2.50% | +6.84% | +7.69% | 80 |
| TRI Thomson Reuters Corp | 0.27% | 108.41 | +0.10% | -1.61% | +3.99% | -15.97% | 77 |
| BIDU Baidu Inc ADR | 0.25% | 79.71 | -1.63% | +3.56% | -5.44% | -38.99% | 59 |
| DT Dynatrace Inc | 0.25% | 43.49 | -1.09% | -7.53% | -33.35% | +0.35% | 11 |
| AMBA Ambarella Inc | 0.24% | 60.36 | -2.08% | -2.65% | -6.87% | -14.80% | 56 |
| EXPN.LN Experian Plc | 0.24% | 2975.00 | -1.72% | -1.26% | +10.27% | -11.13% | 85 |
| SMCI Super Micro Computer | 0.23% | 27.79 | -2.83% | -11.47% | -30.49% | -5.06% | 14 |
| GEHC GE Healthcare Technologies | 0.23% | 83.65 | -0.45% | +3.71% | +23.49% | +2.08% | 92 |
| ZBRA Zebra Technologies | 0.23% | 321.38 | -1.63% | -2.46% | -17.20% | +32.35% | 33 |
| QUBT Quantum Computing Inc | 0.21% | 6.30 | -8.16% | -2.02% | -9.09% | -38.60% | 50 |
| AI C3.Ai Inc Cl A | 0.21% | 11.84 | -1.33% | +2.60% | +1.98% | -12.17% | 74 |
| WDAY Workday Inc | 0.21% | 188.89 | -0.69% | -4.57% | +0.34% | -12.05% | 70 |
| EFX Equifax Inc | 0.19% | 188.23 | -0.05% | +0.27% | +27.76% | -12.72% | 95 |
| PATH Uipath Inc Cl A | 0.17% | 12.83 | -1.16% | -2.28% | -3.68% | -21.72% | 62 |
| G Genpact Ltd | 0.17% | 43.07 | +1.22% | +7.09% | +25.39% | -7.48% | 94 |
| SNAP Snap Inc | 0.17% | 5.00 | -0.99% | -10.55% | -23.43% | -38.04% | 21 |
| ZS Zscaler Inc | 0.16% | 194.92 | -2.07% | -13.40% | -13.67% | -13.34% | 41 |
| SOUN Soundhound AI Inc Cl A | 0.16% | 3.87 | -4.44% | -6.07% | -22.13% | -61.18% | 23 |
| PEGA Pegasystems Inc | 0.16% | 31.53 | +1.28% | -8.21% | -9.68% | -47.14% | 48 |
| DXC Dxc Technology Company | 0.15% | 15.31 | +0.86% | +11.10% | +22.09% | +4.51% | 91 |
| GLOB Globant S.A. | 0.14% | 48.81 | +2.95% | +6.64% | +33.98% | -25.33% | 97 |
| WIX Wix.com Ltd | 0.14% | 64.38 | -7.70% | -13.82% | -13.20% | -38.03% | 44 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.14% | 7.71 | +0.26% | +0.39% | +1.58% | -3.02% | 73 |
| PONY Pony AI Inc ADR | 0.12% | 4.60 | -5.15% | +1.10% | -19.86% | -68.28% | 26 |
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 2026-11-10: over 21 sessions the fund returned -11.41% while its median constituent returned -9.39% — a dispersion of 19.13 pp; 55% of 66 members beat the fund. Broad decline - breadth is falling with price.
How did AIQ's members trade in the last session?
As of 2026-11-10: fund -0.63%, median member -0.57%, 24 advancers vs 42 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.