Constituent dispersion · breadth vs the index

AIQ — Global X AI & Technology

66/66 covered · 79% by weight · benchmark: AIQ price · closes through 2026-07-28 ·holdings as of 2026-06-16

Concentration 29.47% in top 5 29.5 effective names · HHI 339
RS vs S&P 500 21d -10.99pp sector return − SPY
RS vs Nasdaq-100 21d -4.97pp sector return − QQQ
Broad decline - breadth is falling with price. Last 21 sessions — price -9.36% · A/D -7 (-0.11/name)
AIQ 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.

HorizonPriceA/D /name% beating ΔMedian−ETF ΔRead
1 week -6.16% -0.38 +8pp +3.17pp Confirming ↓
1 month -9.36% -0.11 +38pp +16.56pp Confirming ↓
1 quarter +3.36% -1.94 +40pp +22.78pp Weakening

Over the last 126 sessions: price up +7.78%, breadth down (-1.62/name) · % beating 24→76 · median−ETF -6.69pp→+11.51pp.

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 2026-07-28.

5-day 63.64% 42/66 above
20-day 43.94% 29/66 above
50-day 39.39% 26/66 above
100-day 45.45% 30/66 above
150-day 45.45% 30/66 above
200-day 37.5% 24/64 above
% of constituents above their 50-day average — breadth over the last year; 50% is the participation midpoint

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.

HorizonNew highsNew lowsNet
5-Day 34 (52%) 18 (27%) +16
1-Month 17 (26%) 12 (18%) +5
3-Month 7 (11%) 4 (6%) +3
6-Month 3 (5%) 2 (3%) +1
52-Week 1 (2%) 0 (0%) +1
YTD 2 (3%) 2 (3%) +0

Dispersion by window

WindowETFMedianMedian − ETF Up / DownBeat / Lag±1% bandDispersion
1d -1.82% +0.92% +2.74pp 39 / 27 50 / 16 6 of 66 ±4.4%
5d -6.16% -0.73% +5.43pp 31 / 35 53 / 13 5 of 66 ±9.08%
21d -9.36% +2.15% +11.51pp 37 / 28 50 / 16 3 of 66 ±16.16%
YTD +12.54% -13.35% -25.90pp 25 / 41 18 / 48 0 of 66 ±52.43%

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)

  • IBM+5.21%+0.1pp
  • SAP+4.77%+0.07pp
  • NFLX+2.83%+0.07pp
  • GOOGL+2.19%+0.06pp
  • ACN+6.88%+0.06pp
  • MU-8.85%-0.54pp
  • AMD-8.15%-0.41pp
  • INTC-5.86%-0.28pp
  • MRVL-7.77%-0.14pp
  • STX-8.53%-0.13pp

This month (21d)

  • AAPL+19.84%+0.58pp
  • BABA+21.50%+0.34pp
  • ACN+27.66%+0.22pp
  • SAP+15.53%+0.22pp
  • PLTR+9.39%+0.18pp
  • MU-27.52%-1.69pp
  • INTC-32.75%-1.57pp
  • AMD-12.84%-0.64pp
  • MRVL-34.60%-0.63pp
  • ORCL-19.24%-0.49pp

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)

  • WIX+32.77%
  • WDAY+28.56%
  • ACN+27.66%
  • DXC+23.24%
  • TRI+23.15%
  • MRVL-34.60%
  • INTC-32.75%
  • NOK-31.36%
  • CRWV-30.32%
  • MU-27.52%

AIQ — constituent leadership race

$100 in each covered AIQ constituent at 2025-12-30, rebased to 100. Watch leadership change hands.

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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% 820.53 -8.85% -15.48% -27.52% +187.61% 6
AMD Adv Micro Devices 5.02% 454.62 -8.15% -16.50% -12.84% +112.28% 20
INTC Intel Corp 4.79% 86.30 -5.86% -18.16% -32.75% +133.88% 2
CSCO Cisco Systems Inc 4.05% 115.58 +0.88% +3.03% +1.97% +51.67% 48
TSM Taiwan Semiconductor ADR 3.22% 392.31 -1.70% -7.61% -9.26% +29.39% 24
AAPL Apple Inc 2.92% 340.08 +0.94% +3.77% +19.84% +25.21% 85
AVGO Broadcom Ltd 2.92% 380.91 -0.60% -1.45% +4.35% +10.29% 55
NVDA Nvidia Corp 2.76% 197.01 +0.25% -4.96% +2.33% +5.76% 50
GOOGL Alphabet Cl A 2.71% 333.71 +2.19% -3.87% -1.09% +6.69% 39
ORCL Oracle Corp 2.57% 119.96 +0.05% -5.58% -19.24% -38.08% 8
AMZN Amazon.com Inc 2.53% 230.86 -0.23% -6.74% -0.79% +0.02% 41
NFLX Netflix Inc 2.39% 72.39 +2.83% +5.42% -1.92% -22.79% 38
TSLA Tesla Inc 2.25% 307.44 -0.58% -18.87% -19.03% -31.64% 9
META META Platforms Inc 2.17% 593.41 -0.08% -7.83% +7.84% -10.02% 59
MSFT Microsoft Corp 2.15% 393.35 +1.09% -1.11% +5.46% -18.48% 58
IBM Intl Business Machines 1.96% 227.55 +5.21% +8.10% -16.23% -22.74% 14
PLTR Palantir Technologies Cl A 1.92% 123.53 -6.08% -6.88% +9.39% -30.50% 64
MRVL Marvell Technology Inc 1.83% 174.47 -7.77% -16.10% -34.60% +105.56% 0
QCOM Qualcomm Inc 1.75% 162.88 -4.21% -6.12% -14.00% -4.17% 18
BABA Alibaba Group Holding ADR 1.58% 115.19 +0.17% -2.36% +21.50% -21.41% 88
STX Seagate Technology Holdings 1.53% 747.30 -8.53% -16.21% -16.96% +171.83% 12
SAP SAP Ag ADR 1.44% 179.17 +4.77% +16.09% +15.53% -26.24% 77
CRM Salesforce Inc 1.20% 181.50 +4.55% +6.73% +14.61% -31.31% 74
APP Applovin Corp Cl A 1.18% 418.22 +1.33% -2.44% -12.34% -37.93% 21
UBER UBER Technologies Inc 1.10% 70.74 +3.75% -1.13% -7.17% -13.43% 29
SHOP Shopify Inc 1.02% 130.28 +2.68% +5.89% +11.48% -19.07% 70
NOW Servicenow Inc 0.82% 110.62 +4.79% +8.39% +12.49% -27.79% 71
ACN Accenture Plc 0.81% 164.66 +6.88% +16.90% +27.66% -37.75% 95
CDNS Cadence Design Sys 0.81% 344.72 +1.80% +0.02% -8.63% +10.28% 27
SNPS Synopsys Inc 0.67% 383.82 -1.33% -1.35% -15.52% -18.29% 17
NOK Nokia Corp ADR 0.66% 8.93 -3.30% -15.58% -31.36% +39.01% 3
ADBE Adobe Systems Inc 0.65% 249.18 +4.81% +9.69% +22.91% -28.80% 91
SNOW Snowflake Inc Cl A 0.61% 270.36 -0.94% -0.50% +8.60% +23.25% 62
NXPI Nxp Semiconductors 0.59% 259.12 -3.19% -5.14% -6.46% +20.00% 32
DDOG Datadog Inc Cl A 0.58% 250.88 -0.39% -1.53% +4.63% +84.48% 56
HPE Hewlett Packard Enterprise 0.56% 45.59 -5.40% -2.42% +4.30% +91.02% 53
HUT Hut 8 Corp 0.54% 101.14 -3.30% -7.19% -17.79% +120.16% 11
TWLO Twilio 0.40% 194.33 -0.07% -0.96% +1.44% +36.62% 47
CLS Celestica Inc 0.35% 350.20 +10.04% +3.12% +3.75% +18.47% 52
OKTA Okta Inc Cl A 0.32% 136.21 -0.89% -3.88% +9.60% +57.52% 65
ERIC Ericsson ADR 0.32% 9.97 +3.10% +3.96% -9.03% +4.84% 26
CRWV Coreweave Inc Cl A 0.30% 67.30 -4.93% -15.43% -30.32% -6.02% 5
TDC Teradata Corp 0.28% 29.19 -2.01% -0.48% -11.14% -4.11% 23
TRI Thomson Reuters Corp 0.27% 103.29 +5.66% +13.88% +23.15% -19.94% 92
BIDU Baidu Inc ADR 0.25% 104.92 -0.35% -3.05% +0.67% -19.70% 44
DT Dynatrace Inc 0.25% 43.90 +0.41% +2.45% +1.22% +1.29% 45
AMBA Ambarella Inc 0.24% 68.97 +1.08% -3.27% +11.01% -2.64% 68
EXPN.LN Experian Plc 0.24% 2981.00 +6.31% +10.41% +16.86% -10.95% 80
SMCI Super Micro Computer 0.23% 28.45 -4.56% +11.57% -7.12% -2.80% 30
GEHC GE Healthcare Technologies 0.23% 64.11 +4.89% +3.39% -2.51% -21.77% 36
ZBRA Zebra Technologies 0.23% 284.40 +7.49% +8.38% +13.07% +17.12% 73
QUBT Quantum Computing Inc 0.21% 7.72 -3.02% -6.08% -15.90% -24.76% 15
AI C3.Ai Inc Cl A 0.21% 8.90 +0.91% +3.61% +0.00% -33.98% 42
WDAY Workday Inc 0.21% 159.69 +8.24% +13.12% +28.56% -25.65% 97
EFX Equifax Inc 0.19% 187.02 +5.48% +8.10% +18.01% -13.28% 83
PATH Uipath Inc Cl A 0.17% 12.19 +4.91% +1.25% +15.76% -25.63% 79
G Genpact Ltd 0.17% 34.61 +7.55% +14.68% +21.31% -25.65% 86
SNAP Snap Inc 0.17% 4.77 +5.53% +4.61% +8.16% -40.89% 61
ZS Zscaler Inc 0.16% 151.63 +2.94% +1.96% +14.65% -32.58% 76
SOUN Soundhound AI Inc Cl A 0.16% 6.24 -2.65% -4.81% -2.65% -37.41% 35
PEGA Pegasystems Inc 0.16% 29.53 +3.25% -4.56% -3.96% -50.49% 33
DXC Dxc Technology Company 0.15% 10.87 +4.92% +16.76% +23.24% -25.80% 94
GLOB Globant S.A. 0.14% 35.11 +7.57% +9.38% +16.92% -46.29% 82
WIX Wix.com Ltd 0.14% 58.55 +3.92% +14.53% +32.77% -43.64% 98
CCC CCC Intelligent Solutions Hldgs Inc 0.14% 6.12 +2.51% +0.33% +22.16% -23.02% 89
PONY Pony AI Inc ADR 0.12% 7.58 +2.71% +9.70% +10.33% -47.72% 67

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.