Constituent dispersion · breadth vs the index
EUROAI — Euro-AI Sovereign 50 (EW)
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 | -5.10% | -1.41 | +13pp | +1.71pp | Confirming ↓ |
| 1 month | -9.33% | -2.3 | +18pp | +4.00pp | Confirming ↓ |
| 1 quarter | -6.67% | -1.28 | +23pp | +6.87pp | Confirming ↓ |
Over the last 126 sessions: price up +24.14%, breadth up (+3.36/name) · % beating 39→56 · median−ETF -2.55pp→+0.90pp.
Stocks above their moving average — participation breadth
Of the 61 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 61 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 (18%) | 35 (57%) | -24 |
| 1-Month | 0 (0%) | 25 (41%) | -25 |
| 3-Month | 0 (0%) | 14 (23%) | -14 |
| 6-Month | 0 (0%) | 2 (3%) | -2 |
| 52-Week | 0 (0%) | 0 (0%) | +0 |
| YTD | 0 (0%) | 1 (2%) | -1 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -2.61% | -2.55% | +0.05pp | 23 / 38 | 32 / 29 | 8 of 61 | ±4.8% |
| 5d | -5.10% | -4.49% | +0.60pp | 10 / 51 | 37 / 24 | 13 of 61 | ±4.89% |
| 21d | -9.33% | -8.87% | +0.47pp | 11 / 50 | 33 / 28 | 7 of 61 | ±8.83% |
| YTD | +28.60% | +10.80% | -17.80pp | 41 / 19 | 18 / 42 | 2 of 60 | ±60.79% |
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)
- WKL.AS+6.76%+0.1pp
- PATH+6.62%+0.1pp
- CAP.PA+6.61%+0.1pp
- SGE.L+5.27%+0.08pp
- REL.L+5.17%+0.08pp
- AIXA.DE-11.24%-0.17pp
- ARM-9.74%-0.15pp
- SMHN.DE-9.45%-0.15pp
- ATS.VI-9.01%-0.14pp
- COTN.SW-8.92%-0.14pp
This month (21d)
- M7U.DE+19.79%+0.3pp
- YAR.OL+10.18%+0.16pp
- BNTX+7.32%+0.11pp
- CEVI.ST+5.37%+0.08pp
- REL.L+4.50%+0.07pp
- BESI.AS-24.65%-0.38pp
- MTRS.ST-24.42%-0.38pp
- SMHN.DE-22.57%-0.35pp
- HAG.DE-20.00%-0.31pp
- P4O.DE-19.86%-0.31pp
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)
- M7U.DE+19.79%
- YAR.OL+10.18%
- BNTX+7.32%
- CEVI.ST+5.37%
- REL.L+4.50%
- BESI.AS-24.65%
- MTRS.ST-24.42%
- SMHN.DE-22.57%
- HAG.DE-20.00%
- P4O.DE-19.86%
EUROAI — constituent leadership race
$100 in each covered EUROAI constituent at 2026-01-06, 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 — 61 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| ASML.AS ASML | 1.54% | 1387.80 | -6.13% | -7.50% | -12.14% | +51.15% | 30 |
| ARM ARM Holdings | 1.54% | 239.01 | -9.74% | -5.19% | -14.23% | +118.65% | 21 |
| NBIS Nebius Group | 1.54% | 212.19 | -5.50% | -6.27% | -16.80% | +153.50% | 16 |
| MTRS.ST Munters Group | 1.54% | 140.35 | -4.72% | -13.02% | -24.42% | -18.04% | 2 |
| VACN.SW VAT Group | 1.54% | 567.40 | -7.65% | -9.88% | -12.09% | +48.83% | 33 |
| BESI.AS BE Semiconductor | 1.54% | 175.95 | -7.03% | -13.11% | -24.65% | +32.38% | 0 |
| SMHN.DE SUSS MicroTec | 1.54% | 64.65 | -9.45% | -15.10% | -22.57% | +65.18% | 3 |
| ASM.AS ASM International | 1.54% | 759.20 | -8.55% | -11.95% | -15.06% | +46.68% | 18 |
| PATH UiPath | 1.54% | 14.66 | +6.62% | -3.49% | -12.11% | -10.56% | 31 |
| BNTX BioNTech | 1.54% | 98.86 | +2.20% | -4.72% | +7.32% | +3.84% | 95 |
| AIXA.DE AIXTRON | 1.54% | 33.32 | -11.24% | -14.52% | -19.26% | +92.55% | 8 |
| IFX.DE Infineon | 1.54% | 54.04 | -7.72% | -11.10% | -12.46% | +44.33% | 28 |
| ATS.VI AT&S | 1.54% | 151.40 | -9.01% | -13.68% | -12.59% | +370.19% | 26 |
| MYCR.ST Mycronic | 1.54% | 308.80 | -3.62% | -4.69% | -6.54% | +39.84% | 56 |
| HAG.DE Hensoldt | 1.54% | 76.86 | +0.29% | -2.93% | -20.00% | +4.71% | 5 |
| SU.PA Schneider Electric | 1.54% | 272.05 | -6.54% | -7.94% | -11.21% | +15.82% | 38 |
| REL.L RELX | 1.54% | 2603.00 | +5.17% | +1.21% | +4.50% | -13.81% | 92 |
| ETN Eaton | 1.54% | 393.16 | -7.57% | -4.31% | -13.27% | +23.82% | 23 |
| ENR.DE Siemens Energy | 1.54% | 132.66 | -8.04% | -10.65% | -17.46% | +10.65% | 11 |
| SAP.DE SAP | 1.54% | 186.26 | +5.08% | +1.89% | +3.40% | -9.09% | 90 |
| SIE.DE Siemens AG | 1.54% | 261.80 | -1.08% | -3.18% | -7.82% | +11.80% | 52 |
| ABBN.SW ABB | 1.54% | 75.44 | -4.09% | -4.51% | -8.87% | +29.27% | 49 |
| SAF.PA Safran | 1.54% | 321.60 | -2.60% | -3.45% | -10.79% | +8.14% | 39 |
| DSY.PA Dassault Systèmes | 1.54% | 21.25 | +4.99% | +3.36% | -1.98% | -10.86% | 69 |
| SHL.DE Siemens Healthineers | 1.54% | 38.99 | +1.99% | +0.96% | -0.81% | -11.11% | 74 |
| HO.PA Thales | 1.54% | 230.40 | +1.59% | -0.48% | -14.79% | +0.26% | 20 |
| WKL.AS Wolters Kluwer | 1.54% | 70.72 | +6.76% | +4.15% | +1.35% | -19.95% | 87 |
| CAP.PA Capgemini | 1.54% | 109.70 | +6.61% | +4.38% | +1.29% | -22.88% | 85 |
| RHM.DE Rheinmetall | 1.54% | 996.70 | +0.62% | -2.36% | -17.08% | -36.15% | 15 |
| PHIA.AS Philips | 1.54% | 21.66 | +2.46% | -2.04% | -8.45% | -6.80% | 51 |
| STM STMicroelectronics | 1.54% | 47.78 | -7.24% | -8.54% | -11.39% | +84.72% | 36 |
| LR.PA Legrand | 1.54% | 132.35 | -6.70% | -8.44% | -5.93% | +4.01% | 59 |
| VWS.CO Vestas | 1.54% | 205.50 | -4.77% | -5.82% | +0.49% | +18.98% | 84 |
| PRY.MI Prysmian | 1.54% | 118.55 | -6.84% | -3.03% | -9.23% | +38.27% | 46 |
| ALFA.ST Alfa Laval | 1.54% | 534.20 | -2.55% | -4.44% | -4.13% | +16.62% | 62 |
| NEM.DE Nemetschek | 1.54% | 60.00 | +2.74% | -6.10% | -2.83% | -35.34% | 66 |
| KGX.DE Kion Group | 1.54% | 40.70 | -5.66% | -10.13% | -2.51% | -40.37% | 67 |
| NKT.CO NKT A/S | 1.54% | 880.00 | -4.81% | -7.76% | -8.95% | +10.21% | 48 |
| TEMN.SW Temenos | 1.54% | 71.60 | +4.60% | +1.78% | -4.02% | -10.05% | 64 |
| MELE.BR Melexis | 1.54% | 63.80 | -3.99% | -5.97% | -9.82% | +10.96% | 43 |
| TOM.OL Tomra Systems | 1.54% | 93.50 | -1.27% | -3.71% | -12.78% | -30.01% | 25 |
| COTN.SW Comet Holding | 1.54% | 312.60 | -8.92% | -11.60% | -18.72% | +39.16% | 10 |
| OXIG.L Oxford Instruments | 1.54% | 2610.00 | -5.43% | -4.54% | -11.53% | +27.32% | 34 |
| NOD.OL Nordic Semi | 1.54% | 169.20 | -3.42% | -1.63% | -0.41% | +26.93% | 79 |
| OVH.PA OVHcloud | 1.54% | 15.26 | +2.35% | +6.49% | -9.86% | +109.33% | 41 |
| KTN.VI Kontron AG | 1.54% | 20.80 | -2.62% | -5.02% | -4.41% | -8.61% | 61 |
| RR.L Rolls-Royce | 1.54% | 1423.80 | -2.12% | -4.49% | -6.64% | +24.35% | 54 |
| BAS.DE BASF | 1.54% | 52.38 | +1.06% | -1.23% | +2.40% | +23.14% | 89 |
| SGO.PA Saint-Gobain | 1.54% | 69.58 | -2.71% | -6.75% | -17.11% | -19.99% | 13 |
| EVK.DE Evonik | 1.54% | 17.96 | +0.56% | -1.75% | -0.44% | +34.43% | 77 |
| SY1.DE Symrise | 1.54% | 88.24 | +1.19% | -1.78% | -0.90% | +28.11% | 72 |
| SAN.PA Sanofi | 1.54% | 75.43 | +2.96% | -0.34% | -0.12% | -3.71% | 80 |
| AIR.PA Airbus | 1.54% | 195.00 | -2.21% | -1.84% | -9.47% | +0.10% | 44 |
| AFX.DE Carl Zeiss Meditec | 1.54% | 30.28 | -0.07% | -5.79% | -6.20% | -22.60% | 57 |
| SGE.L Sage Group | 1.54% | 1008.50 | +5.27% | -2.37% | -0.64% | -5.62% | 75 |
| INF.L Informa | 1.54% | 903.40 | +1.57% | +0.13% | -1.97% | +2.19% | 70 |
| YAR.OL Yara International | 1.54% | 460.90 | +1.90% | +0.59% | +10.18% | +11.33% | 97 |
| CEVI.ST CellaVision | 1.54% | 161.00 | -0.25% | -0.62% | +5.37% | +4.70% | 93 |
| TIETO.HE Tietoevry | 1.54% | 19.15 | +0.26% | -0.67% | +0.37% | +7.31% | 82 |
| P4O.DE Plan Optik | 1.54% | 7.02 | -1.96% | -4.62% | -19.86% | — | 7 |
| M7U.DE Nynomic | 1.54% | 23.00 | -6.12% | -7.26% | +19.79% | +133.74% | 98 |
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
EUROAI dispersion — data Q&A
Is EUROAI's move broad or carried by a few names (21 sessions)?
As of 2026-09-14: over 21 sessions the fund returned -9.33% while its median constituent returned -8.87% — a dispersion of 8.83 pp; 54% of 61 members beat the fund. Broad decline - breadth is falling with price.
How did EUROAI's members trade in the last session?
As of 2026-09-14: fund -2.61%, median member -2.55%, 23 advancers vs 38 decliners.
What does the dispersion page for EUROAI 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. 61 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.