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 | -2.77% | +0.05 | +2pp | +2.34pp | Improving |
| 1 month | -5.89% | +0.95 | +15pp | +6.15pp | Improving |
| 1 quarter | -9.53% | -0.16 | +16pp | +5.86pp | Confirming ↓ |
Over the last 126 sessions: price up +0.61%, breadth up (+1.66/name) · % beating 36→54 · median−ETF -4.79pp→+2.62pp.
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 2026-11-10.
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 | 15 (25%) | 15 (25%) | +0 |
| 1-Month | 4 (7%) | 3 (5%) | +1 |
| 3-Month | 2 (3%) | 0 (0%) | +2 |
| 6-Month | 2 (3%) | 0 (0%) | +2 |
| 52-Week | 2 (3%) | 0 (0%) | +2 |
| YTD | 2 (3%) | 0 (0%) | +2 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.02% | +0.22% | +0.20pp | 33 / 28 | 33 / 28 | 32 of 61 | ±1.75% |
| 5d | -2.77% | -0.95% | +1.82pp | 28 / 33 | 39 / 22 | 6 of 61 | ±5.8% |
| 21d | -5.89% | -2.87% | +3.02pp | 25 / 36 | 33 / 28 | 2 of 61 | ±13.73% |
| YTD | +27.73% | +10.64% | -17.09pp | 41 / 19 | 18 / 42 | 2 of 60 | ±44.4% |
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)
- SMHN.DE+5.05%+0.08pp
- NOD.OL+3.12%+0.05pp
- P4O.DE+3.12%+0.05pp
- MTRS.ST+3.02%+0.05pp
- BESI.AS+2.59%+0.04pp
- NBIS-5.27%-0.08pp
- VWS.CO-4.06%-0.06pp
- ENR.DE-3.43%-0.05pp
- ARM-2.58%-0.04pp
- OVH.PA-2.17%-0.03pp
This month (21d)
- CEVI.ST+23.61%+0.36pp
- PHIA.AS+22.00%+0.34pp
- SAN.PA+20.04%+0.31pp
- SGO.PA+17.09%+0.26pp
- DSY.PA+13.94%+0.21pp
- ATS.VI-47.53%-0.73pp
- NBIS-36.21%-0.56pp
- ARM-28.89%-0.44pp
- SMHN.DE-25.31%-0.39pp
- ASM.AS-22.39%-0.34pp
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)
- CEVI.ST+23.61%
- PHIA.AS+22.00%
- SAN.PA+20.04%
- SGO.PA+17.09%
- DSY.PA+13.94%
- ATS.VI-47.53%
- NBIS-36.21%
- ARM-28.89%
- SMHN.DE-25.31%
- ASM.AS-22.39%
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% | 1361.00 | +1.28% | -1.73% | -13.63% | +48.24% | 21 |
| ARM ARM Holdings | 1.54% | 181.49 | -2.58% | -10.37% | -28.89% | +66.03% | 3 |
| NBIS Nebius Group | 1.54% | 134.00 | -5.27% | -11.63% | -36.21% | +60.09% | 2 |
| MTRS.ST Munters Group | 1.54% | 132.85 | +3.02% | -6.12% | +4.44% | -22.42% | 69 |
| VACN.SW VAT Group | 1.54% | 535.00 | +0.87% | -5.81% | -19.50% | +40.33% | 8 |
| BESI.AS BE Semiconductor | 1.54% | 150.80 | +2.59% | -3.40% | -14.12% | +13.46% | 16 |
| SMHN.DE SUSS MicroTec | 1.54% | 47.80 | +5.05% | -7.63% | -25.31% | +22.13% | 5 |
| ASM.AS ASM International | 1.54% | 680.20 | +1.07% | -5.53% | -22.39% | +31.41% | 7 |
| PATH UiPath | 1.54% | 12.83 | -1.16% | -2.28% | -3.68% | -21.72% | 48 |
| BNTX BioNTech | 1.54% | 87.21 | -0.34% | +0.33% | -9.00% | -8.39% | 34 |
| AIXA.DE AIXTRON | 1.54% | 31.75 | +0.03% | -7.22% | -10.69% | +83.47% | 33 |
| IFX.DE Infineon | 1.54% | 49.05 | +0.87% | -6.39% | -14.28% | +31.00% | 15 |
| ATS.VI AT&S | 1.54% | 112.80 | +1.26% | -18.26% | -47.53% | +250.31% | 0 |
| MYCR.ST Mycronic | 1.54% | 283.00 | +1.51% | -5.10% | -17.35% | +28.16% | 11 |
| HAG.DE Hensoldt | 1.54% | 83.86 | +1.28% | +1.26% | +3.99% | +14.25% | 67 |
| SU.PA Schneider Electric | 1.54% | 235.35 | +0.41% | -1.84% | -11.31% | +0.19% | 31 |
| REL.L RELX | 1.54% | 2972.00 | -0.07% | +0.68% | +7.68% | -1.59% | 80 |
| ETN Eaton | 1.54% | 354.22 | -1.11% | -9.29% | -16.98% | +11.56% | 13 |
| ENR.DE Siemens Energy | 1.54% | 119.84 | -3.43% | -7.66% | -18.35% | -0.04% | 10 |
| SAP.DE SAP | 1.54% | 209.95 | -0.80% | +1.60% | +7.97% | +2.48% | 82 |
| SIE.DE Siemens AG | 1.54% | 271.55 | +0.20% | +0.67% | -1.52% | +15.96% | 54 |
| ABBN.SW ABB | 1.54% | 68.98 | +0.55% | -4.86% | -13.80% | +18.20% | 18 |
| SAF.PA Safran | 1.54% | 312.70 | +2.26% | +9.72% | -1.79% | +5.14% | 51 |
| DSY.PA Dassault Systèmes | 1.54% | 25.26 | -1.90% | +1.12% | +13.94% | +5.96% | 92 |
| SHL.DE Siemens Healthineers | 1.54% | 42.94 | -0.51% | -0.95% | +8.35% | -2.11% | 84 |
| HO.PA Thales | 1.54% | 232.70 | +1.75% | -0.13% | +4.54% | +1.26% | 70 |
| WKL.AS Wolters Kluwer | 1.54% | 87.42 | -1.58% | +2.32% | +13.30% | -1.04% | 90 |
| CAP.PA Capgemini | 1.54% | 123.20 | -0.08% | -1.60% | +6.81% | -13.39% | 79 |
| RHM.DE Rheinmetall | 1.54% | 853.30 | +0.93% | -15.08% | -11.32% | -45.34% | 30 |
| PHIA.AS Philips | 1.54% | 27.06 | -0.88% | +5.29% | +22.00% | +16.44% | 97 |
| STM STMicroelectronics | 1.54% | 44.70 | +0.36% | -7.91% | -11.45% | +72.81% | 28 |
| LR.PA Legrand | 1.54% | 135.60 | +1.23% | +1.35% | -2.87% | +6.56% | 49 |
| VWS.CO Vestas | 1.54% | 198.60 | -4.06% | +0.58% | +4.69% | +14.98% | 72 |
| PRY.MI Prysmian | 1.54% | 106.80 | -0.19% | -4.77% | -12.78% | +24.56% | 25 |
| ALFA.ST Alfa Laval | 1.54% | 536.20 | +0.79% | -1.11% | -7.17% | +17.06% | 41 |
| NEM.DE Nemetschek | 1.54% | 64.30 | -1.98% | -12.46% | -8.34% | -30.71% | 36 |
| KGX.DE Kion Group | 1.54% | 35.08 | -0.57% | +4.06% | +3.63% | -48.60% | 64 |
| NKT.CO NKT A/S | 1.54% | 869.00 | +0.23% | +2.42% | +0.23% | +8.83% | 59 |
| TEMN.SW Temenos | 1.54% | 78.50 | +0.77% | +2.15% | +12.14% | -1.38% | 89 |
| MELE.BR Melexis | 1.54% | 54.80 | +0.74% | -2.14% | -12.32% | -4.70% | 26 |
| TOM.OL Tomra Systems | 1.54% | 100.90 | -0.69% | +2.02% | +11.99% | -24.47% | 87 |
| COTN.SW Comet Holding | 1.54% | 303.40 | +1.61% | -10.82% | -13.76% | +35.06% | 20 |
| OXIG.L Oxford Instruments | 1.54% | 2566.00 | -0.31% | -1.23% | -13.49% | +25.17% | 23 |
| NOD.OL Nordic Semi | 1.54% | 181.90 | +3.12% | +1.62% | +4.84% | +36.46% | 74 |
| OVH.PA OVHcloud | 1.54% | 14.41 | -2.17% | +7.14% | -7.33% | +97.67% | 39 |
| KTN.VI Kontron AG | 1.54% | 19.25 | -0.16% | -6.10% | -6.55% | -15.42% | 44 |
| RR.L Rolls-Royce | 1.54% | 1330.80 | +0.77% | +5.57% | -4.64% | +16.23% | 46 |
| BAS.DE BASF | 1.54% | 54.54 | +1.28% | +2.25% | +6.38% | +28.21% | 77 |
| SGO.PA Saint-Gobain | 1.54% | 76.34 | +1.87% | +8.56% | +17.09% | -12.21% | 93 |
| EVK.DE Evonik | 1.54% | 20.78 | -0.57% | -1.14% | -1.52% | +55.54% | 56 |
| SY1.DE Symrise | 1.54% | 93.96 | -0.42% | +0.60% | +0.75% | +36.41% | 61 |
| SAN.PA Sanofi | 1.54% | 85.95 | +0.22% | +6.14% | +20.04% | +9.71% | 95 |
| AIR.PA Airbus | 1.54% | 208.25 | +1.09% | +7.72% | +10.69% | +6.90% | 85 |
| AFX.DE Carl Zeiss Meditec | 1.54% | 33.74 | -0.71% | -3.60% | +3.82% | -13.75% | 66 |
| SGE.L Sage Group | 1.54% | 1148.50 | -0.73% | -0.91% | +5.90% | +7.48% | 75 |
| INF.L Informa | 1.54% | 859.00 | -0.12% | +2.87% | -1.72% | -2.83% | 52 |
| YAR.OL Yara International | 1.54% | 403.50 | -1.99% | +4.08% | +0.77% | -2.54% | 62 |
| CEVI.ST CellaVision | 1.54% | 200.00 | +0.50% | +4.49% | +23.61% | +30.06% | 98 |
| TIETO.HE Tietoevry | 1.54% | 18.19 | -1.57% | -3.40% | -0.60% | +1.93% | 57 |
| P4O.DE Plan Optik | 1.54% | 7.94 | +3.12% | +0.51% | -6.81% | — | 43 |
| M7U.DE Nynomic | 1.54% | 23.40 | +0.86% | +1.74% | -7.87% | +137.80% | 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
EUROAI dispersion — data Q&A
Is EUROAI's move broad or carried by a few names (21 sessions)?
As of 2026-11-10: over 21 sessions the fund returned -5.89% while its median constituent returned -2.87% — a dispersion of 13.73 pp; 54% of 61 members beat the fund. Improving below the surface - the A/D line is rising while price is flat-to-down; more names participating than the headline shows.
How did EUROAI's members trade in the last session?
As of 2026-11-10: fund +0.02%, median member +0.22%, 33 advancers vs 28 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 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.