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 | -1.32% | -0.42 | -5pp | -0.84pp | Confirming ↓ |
| 1 month | -1.78% | -1.79 | -16pp | -5.94pp | Confirming ↓ |
| 1 quarter | -0.83% | -1.2 | +1pp | +0.70pp | Weakening |
Over the last 126 sessions: price up +28.64%, breadth up (+0.94/name) · % beating 44→45 · median−ETF -1.70pp→-1.03pp.
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 2026-09-14.
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 | 31 (47%) | 17 (26%) | +14 |
| 1-Month | 12 (18%) | 4 (6%) | +8 |
| 3-Month | 6 (9%) | 2 (3%) | +4 |
| 6-Month | 2 (3%) | 0 (0%) | +2 |
| 52-Week | 1 (2%) | 0 (0%) | +1 |
| YTD | 1 (2%) | 0 (0%) | +1 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.80% | +1.23% | +2.03pp | 39 / 27 | 41 / 25 | 5 of 66 | ±5.55% |
| 5d | -1.32% | -0.41% | +0.91pp | 32 / 34 | 38 / 28 | 11 of 66 | ±5.14% |
| 21d | -1.78% | -2.81% | -1.03pp | 27 / 39 | 30 / 36 | 6 of 66 | ±9.92% |
| YTD | +24.79% | -8.33% | -33.12pp | 28 / 38 | 16 / 50 | 1 of 66 | ±58.58% |
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)
- NFLX+3.77%+0.09pp
- GOOGL+3.22%+0.09pp
- SAP+5.78%+0.08pp
- PLTR+3.64%+0.07pp
- NOW+7.41%+0.06pp
- MU-5.25%-0.32pp
- INTC-5.59%-0.27pp
- AMD-4.40%-0.22pp
- AVGO-4.77%-0.14pp
- MRVL-7.32%-0.13pp
This month (21d)
- CRM+28.83%+0.35pp
- AAPL+9.11%+0.27pp
- META+11.87%+0.26pp
- QCOM+9.32%+0.16pp
- TSLA+5.59%+0.13pp
- AVGO-17.50%-0.51pp
- INTC-7.05%-0.34pp
- STX-12.57%-0.19pp
- ORCL-7.32%-0.19pp
- NVDA-6.36%-0.18pp
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)
- CRM+28.83%
- OKTA+20.33%
- PEGA+15.88%
- META+11.87%
- NOW+11.87%
- AMBA-21.94%
- CRWV-21.93%
- PONY-19.45%
- AVGO-17.50%
- SHOP-15.54%
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% | 924.03 | -5.25% | -9.10% | -2.72% | +223.89% | 50 |
| AMD Adv Micro Devices | 5.02% | 493.41 | -4.40% | +3.32% | +2.15% | +130.39% | 67 |
| INTC Intel Corp | 4.79% | 97.19 | -5.59% | +1.45% | -7.05% | +163.39% | 32 |
| CSCO Cisco Systems Inc | 4.05% | 110.06 | -1.85% | +0.79% | -3.01% | +44.42% | 47 |
| TSM Taiwan Semiconductor ADR | 3.22% | 418.01 | -3.52% | -2.54% | -2.90% | +37.86% | 48 |
| AAPL Apple Inc | 2.92% | 333.08 | +0.24% | +4.10% | +9.11% | +22.63% | 83 |
| AVGO Broadcom Ltd | 2.92% | 344.72 | -4.77% | -3.68% | -17.50% | -0.19% | 5 |
| NVDA Nvidia Corp | 2.76% | 210.96 | -3.36% | -8.32% | -6.36% | +13.25% | 35 |
| GOOGL Alphabet Cl A | 2.71% | 349.39 | +3.22% | +3.23% | +0.87% | +11.70% | 61 |
| ORCL Oracle Corp | 2.57% | 144.79 | -3.65% | -8.81% | -7.32% | -25.26% | 29 |
| AMZN Amazon.com Inc | 2.53% | 253.54 | -1.26% | -1.92% | -4.37% | +9.84% | 41 |
| NFLX Netflix Inc | 2.39% | 80.32 | +3.77% | +2.65% | +2.66% | -14.33% | 68 |
| TSLA Tesla Inc | 2.25% | 358.97 | -1.77% | +1.38% | +5.59% | -20.18% | 76 |
| META META Platforms Inc | 2.17% | 665.60 | +2.71% | +7.92% | +11.87% | +0.92% | 94 |
| MSFT Microsoft Corp | 2.15% | 505.41 | +1.97% | +1.14% | +1.91% | +4.74% | 65 |
| IBM Intl Business Machines | 1.96% | 249.09 | +2.38% | +6.05% | +5.04% | -15.43% | 73 |
| PLTR Palantir Technologies Cl A | 1.92% | 173.31 | +3.64% | -0.59% | -3.18% | -2.50% | 45 |
| MRVL Marvell Technology Inc | 1.83% | 218.82 | -7.32% | -2.12% | -1.51% | +157.81% | 55 |
| QCOM Qualcomm Inc | 1.75% | 180.15 | -1.00% | +6.76% | +9.32% | +6.00% | 86 |
| BABA Alibaba Group Holding ADR | 1.58% | 109.23 | -0.06% | -3.54% | -10.58% | -25.48% | 18 |
| STX Seagate Technology Holdings | 1.53% | 805.55 | -2.97% | -5.15% | -12.57% | +193.02% | 12 |
| SAP SAP Ag ADR | 1.44% | 218.28 | +5.78% | +1.47% | +4.30% | -10.14% | 71 |
| CRM Salesforce Inc | 1.20% | 259.43 | +4.73% | +0.08% | +28.83% | -1.82% | 98 |
| APP Applovin Corp Cl A | 1.18% | 334.24 | +3.17% | +4.27% | +6.90% | -50.40% | 80 |
| UBER UBER Technologies Inc | 1.10% | 72.63 | +1.34% | -4.13% | -4.28% | -11.11% | 42 |
| SHOP Shopify Inc | 1.02% | 133.89 | +3.96% | -7.72% | -15.54% | -16.82% | 6 |
| NOW Servicenow Inc | 0.82% | 142.35 | +7.41% | +0.77% | +11.87% | -7.08% | 92 |
| ACN Accenture Plc | 0.81% | 195.00 | +6.04% | +4.43% | +9.25% | -26.28% | 85 |
| CDNS Cadence Design Sys | 0.81% | 279.06 | -3.56% | -4.66% | -13.81% | -10.72% | 8 |
| SNPS Synopsys Inc | 0.67% | 381.43 | -4.01% | -3.15% | -7.36% | -18.80% | 26 |
| NOK Nokia Corp ADR | 0.66% | 9.65 | -13.30% | -3.79% | -8.62% | +50.22% | 23 |
| ADBE Adobe Systems Inc | 0.65% | 265.60 | +5.30% | -0.34% | -1.81% | -24.11% | 53 |
| SNOW Snowflake Inc Cl A | 0.61% | 332.35 | +1.02% | -1.43% | -1.49% | +51.51% | 56 |
| NXPI Nxp Semiconductors | 0.59% | 224.23 | -5.24% | -1.58% | -3.31% | +3.84% | 44 |
| DDOG Datadog Inc Cl A | 0.58% | 230.05 | +4.00% | +8.04% | -8.80% | +69.17% | 21 |
| HPE Hewlett Packard Enterprise | 0.56% | 55.41 | -10.76% | +6.56% | -7.37% | +132.17% | 24 |
| HUT Hut 8 Corp | 0.54% | 91.13 | -7.58% | -2.58% | +9.86% | +98.37% | 89 |
| TWLO Twilio | 0.40% | 231.88 | +1.99% | -0.47% | -7.03% | +63.02% | 33 |
| CLS Celestica Inc | 0.35% | 316.08 | -8.79% | +1.19% | -9.08% | +6.92% | 20 |
| OKTA Okta Inc Cl A | 0.32% | 186.45 | +11.98% | +9.29% | +20.33% | +115.62% | 97 |
| ERIC Ericsson ADR | 0.32% | 10.05 | -2.52% | -0.50% | -2.14% | +5.68% | 52 |
| CRWV Coreweave Inc Cl A | 0.30% | 82.98 | -6.75% | -7.14% | -21.93% | +15.88% | 2 |
| TDC Teradata Corp | 0.28% | 29.37 | +5.50% | +4.71% | +6.30% | -3.52% | 79 |
| TRI Thomson Reuters Corp | 0.27% | 105.82 | +8.70% | +0.13% | +0.41% | -17.98% | 59 |
| BIDU Baidu Inc ADR | 0.25% | 91.90 | +0.55% | -7.61% | -12.21% | -29.66% | 14 |
| DT Dynatrace Inc | 0.25% | 53.34 | +4.44% | +2.77% | +5.10% | +23.07% | 74 |
| AMBA Ambarella Inc | 0.24% | 63.98 | -5.72% | +1.73% | -21.94% | -9.68% | 0 |
| EXPN.LN Experian Plc | 0.24% | 2858.00 | +2.73% | +1.82% | +1.67% | -14.62% | 62 |
| SMCI Super Micro Computer | 0.23% | 36.74 | -8.38% | -7.20% | -6.18% | +25.52% | 36 |
| GEHC GE Healthcare Technologies | 0.23% | 64.25 | +0.50% | -6.69% | -12.93% | -21.60% | 11 |
| ZBRA Zebra Technologies | 0.23% | 351.81 | +0.41% | -3.01% | -7.33% | +44.89% | 27 |
| QUBT Quantum Computing Inc | 0.21% | 7.97 | -0.25% | -0.50% | -10.65% | -22.32% | 17 |
| AI C3.Ai Inc Cl A | 0.21% | 11.17 | +5.98% | +6.79% | +9.72% | -17.14% | 88 |
| WDAY Workday Inc | 0.21% | 194.21 | +4.58% | -0.81% | -5.93% | -9.58% | 38 |
| EFX Equifax Inc | 0.19% | 172.29 | +1.95% | -2.69% | -7.16% | -20.11% | 30 |
| PATH Uipath Inc Cl A | 0.17% | 14.66 | +6.62% | -3.49% | -12.11% | -10.56% | 15 |
| G Genpact Ltd | 0.17% | 36.43 | +3.67% | -1.86% | +5.99% | -21.74% | 77 |
| SNAP Snap Inc | 0.17% | 5.84 | +2.82% | +6.76% | +10.19% | -27.63% | 91 |
| ZS Zscaler Inc | 0.16% | 191.73 | +16.52% | +12.92% | +1.89% | -14.76% | 64 |
| SOUN Soundhound AI Inc Cl A | 0.16% | 6.47 | +3.35% | -4.01% | -13.50% | -35.11% | 9 |
| PEGA Pegasystems Inc | 0.16% | 38.71 | +6.82% | +3.61% | +15.88% | -35.10% | 95 |
| DXC Dxc Technology Company | 0.15% | 12.12 | +6.41% | +3.95% | +8.21% | -17.27% | 82 |
| GLOB Globant S.A. | 0.14% | 40.49 | +7.26% | +3.48% | -1.22% | -38.06% | 58 |
| WIX Wix.com Ltd | 0.14% | 83.33 | +8.81% | +9.34% | +4.08% | -19.79% | 70 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.14% | 6.76 | -1.89% | -9.99% | -5.06% | -14.97% | 39 |
| PONY Pony AI Inc ADR | 0.12% | 6.71 | +1.13% | -8.71% | -19.45% | -53.72% | 3 |
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 2026-09-14: over 21 sessions the fund returned -1.78% while its median constituent returned -2.81% — a dispersion of 9.92 pp; 45% 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 2026-09-14: fund -0.80%, median member +1.23%, 39 advancers vs 27 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 Closelook lake.
Is this investment advice?
No — a data surface in an investment research diary. It describes breadth inside a fund; it makes no recommendation.