Constituent dispersion · breadth vs the index
EXI — Global Industrials
Concentration 19.15% in top 5 60.61 effective names · HHI 165
RS vs S&P 500 21d +3.10pp sector return − SPY
RS vs Nasdaq-100 21d +9.03pp sector return − QQQ
Improving below the surface - the A/D line is rising while price is flat-to-down; more names participating than the headline shows. Last 21 sessions — price -0.52% · A/D +376 (+2.74/name)
EXI 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.
| Horizon | Price | A/D /name | % beating Δ | Median−ETF Δ | Read |
|---|---|---|---|---|---|
| 1 week | -0.85% | +0.39 | +4pp | +2.37pp | Improving |
| 1 month | -0.52% | +2.74 | +8pp | +6.43pp | Improving |
| 1 quarter | -8.79% | -0.88 | +22pp | +9.21pp | Confirming ↓ |
Over the last 126 sessions: price down -4.23%, breadth up (+2.59/name) · % beating 32→69 · median−ETF -3.54pp→+8.01pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.31% | +0.33% | +0.63pp | 82 / 54 | 92 / 45 | 73 of 137 | ±1.39% |
| 5d | -0.85% | +0.46% | +1.31pp | 77 / 59 | 92 / 45 | 35 of 137 | ±5.5% |
| 21d | -0.52% | +6.51% | +7.04pp | 90 / 46 | 93 / 44 | 5 of 137 | ±12.42% |
| YTD | +7.47% | +9.56% | +2.10pp | 93 / 44 | 76 / 61 | 6 of 137 | ±19.64% |
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)
- RTX+2.02%+0.05pp
- LMT+2.54%+0.03pp
- GE+0.71%+0.02pp
- UNP+1.22%+0.02pp
- HWM+1.30%+0.01pp
- GEV-3.89%-0.11pp
- CAT-2.39%-0.1pp
- VRT-3.12%-0.04pp
- UBER-1.57%-0.02pp
- CMI-2.63%-0.02pp
This month (21d)
- GE+9.48%+0.31pp
- ENR+17.43%+0.26pp
- LMT+17.82%+0.19pp
- AIR+14.98%+0.18pp
- RTX+7.29%+0.18pp
- CAT-26.87%-1.11pp
- GEV-20.04%-0.58pp
- ETN-16.98%-0.26pp
- VRT-18.86%-0.24pp
- ABBN.SW-13.80%-0.23pp
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)
- PNR+33.06%
- SWK+31.35%
- EFX+27.76%
- ALLE+26.29%
- WCN+24.35%
- FIX-32.48%
- AXON-27.00%
- CAT-26.87%
- GEV-20.04%
- VACN.SW-19.50%
EXI — constituent leadership race
$100 in each covered EXI constituent at 2025-12-30, rebased to 100. Watch leadership change hands.
0%
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 — 137 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CAT Caterpillar Inc | 4.13% | 584.57 | -2.39% | -6.31% | -26.87% | +2.48% | 1 |
| GE GE Aerospace | 3.25% | 337.91 | +0.71% | +5.38% | +9.48% | +9.86% | 61 |
| GEV GE Vernova Inc | 2.89% | 797.04 | -3.89% | -13.20% | -20.04% | +22.12% | 2 |
| RTX Rtx Corp | 2.42% | 200.27 | +2.02% | -1.74% | +7.29% | +9.56% | 52 |
| SIE.XETRA SIEMENS N AG | 2.31% | 271.55 | +0.20% | +0.67% | -1.52% | +15.96% | 30 |
| BA Boeing Company | 1.77% | 173.38 | +0.58% | +0.04% | -8.51% | -20.15% | 15 |
| SU Suncor Energy Inc | 1.70% | 235.35 | +0.41% | -1.84% | -11.31% | +0.19% | 9 |
| ABBN.SW ABB LTD | 1.65% | 68.98 | +0.55% | -4.86% | -13.80% | +18.20% | 8 |
| UNP Union Pacific Corp | 1.61% | 300.62 | +1.22% | -0.93% | +6.77% | +31.32% | 50 |
| UBER UBER Technologies Inc | 1.55% | 70.05 | -1.57% | +5.18% | -2.03% | -14.27% | 28 |
| ETN Eaton Corp | 1.52% | 354.22 | -1.11% | -9.29% | -16.98% | +11.56% | 5 |
| ENR Energizer Holdings Inc | 1.49% | 24.86 | -0.80% | +3.28% | +17.43% | +30.78% | 86 |
| HON Honeywell International | 1.46% | 228.22 | -0.34% | +1.86% | +8.86% | +13.05% | 57 |
| RR.LSE ROLLS-ROYCE HOLDINGS PLC | 1.40% | 1330.80 | +0.77% | +5.57% | -4.64% | +16.23% | 22 |
| DE Deere & Company | 1.38% | 687.64 | -0.53% | +3.28% | +8.70% | +48.13% | 56 |
| VRT Vertiv Holdings Llc. | 1.27% | 194.22 | -3.12% | -17.69% | -18.86% | +19.91% | 4 |
| AIR AAR Corp | 1.22% | 115.61 | -0.87% | +6.44% | +14.98% | +39.64% | 77 |
| PH Parker-Hannifin Corp | 1.12% | 965.17 | +0.90% | +2.14% | +0.87% | +10.26% | 36 |
| PWR Quanta Services | 1.10% | 583.14 | -1.41% | -11.24% | -16.07% | +38.23% | 7 |
| LMT Lockheed Martin Corp | 1.09% | 603.12 | +2.54% | -5.62% | +17.82% | +25.35% | 88 |
| HWM Howmet Aerospace Inc | 1.07% | 219.05 | +1.30% | -1.76% | -0.80% | +6.95% | 31 |
| TT Trane Technologies Plc | 1.02% | 420.82 | +0.06% | +0.81% | -11.88% | +8.63% | 9 |
| ADP Automatic Data Processing | 0.91% | 305.44 | +1.12% | +3.19% | +11.55% | +19.72% | 66 |
| CMI Cummins Inc | 0.91% | 454.18 | -2.63% | -9.29% | -13.96% | -10.44% | 7 |
| GD General Dynamics Corp | 0.88% | 367.44 | +1.48% | -1.89% | +9.53% | +10.10% | 61 |
| CSX CSX Corp | 0.88% | 51.08 | +1.19% | +0.71% | +6.97% | +41.37% | 51 |
| FDX Fedex Corp | 0.86% | 319.48 | +0.20% | +0.46% | +9.32% | +11.05% | 58 |
| JCI Johnson Controls Intl | 0.85% | 141.12 | -0.26% | -5.86% | -9.20% | +18.21% | 14 |
| WM Waste Management | 0.83% | 237.38 | +0.33% | +1.15% | +12.43% | +8.94% | 69 |
| MMM 3M Company | 0.82% | 189.37 | +0.39% | +6.96% | +17.70% | +18.81% | 87 |
| BA BAE SYSTEMS PLC | 0.81% | 173.38 | +0.58% | +0.04% | -8.51% | -20.15% | 15 |
| CP Canadian Pacific Kansas City Ltd | 0.80% | 93.79 | -0.26% | +2.81% | +9.66% | +27.92% | 62 |
| EMR Emerson Electric Company | 0.78% | 167.54 | -1.17% | +0.69% | +3.13% | +27.23% | 42 |
| NOC Northrop Grumman Corp | 0.75% | 548.61 | +1.77% | -0.31% | +13.12% | -3.48% | 73 |
| UPS United Parcel Service | 0.75% | 111.05 | +0.08% | +1.72% | +16.48% | +13.52% | 83 |
| DG Dollar General Corp | 0.73% | 137.31 | +0.46% | +5.20% | +8.51% | +4.35% | 54 |
| NSC Norfolk Southern Corp | 0.72% | 327.93 | +0.65% | -3.42% | +2.68% | +14.58% | 39 |
| TDG Transdigm Group Inc | 0.70% | 1225.54 | +0.55% | +1.45% | +9.43% | -7.84% | 60 |
| ITW Illinois Tool Works | 0.67% | 288.05 | +0.46% | +0.49% | +8.65% | +17.69% | 55 |
| FIX Comfort Systems USA | 0.66% | 1105.93 | -0.66% | -13.94% | -32.48% | +18.61% | 0 |
| CNR Core Natural Resources Inc | 0.64% | 83.19 | +1.11% | -0.18% | -9.20% | -5.70% | 13 |
| REL.LSE RELX PLC | 0.62% | 2972.00 | -0.07% | +0.68% | +7.68% | +0.24% | 53 |
| URI United Rentals | 0.60% | 1104.94 | -1.89% | -5.81% | +4.54% | +37.12% | 45 |
| CTAS Cintas Corp | 0.60% | 225.28 | +0.95% | +0.69% | +9.77% | +20.06% | 63 |
| PCAR Paccar Inc | 0.59% | 105.57 | +0.18% | +3.81% | -2.37% | -3.05% | 26 |
| LHX L3Harris Technologies | 0.59% | 275.96 | +1.67% | -0.62% | +15.83% | -5.67% | 81 |
| GWW W.W. Grainger | 0.56% | 1472.91 | +1.74% | +5.54% | +12.72% | +46.54% | 72 |
| AME Ametek Inc | 0.53% | 238.31 | +0.03% | -4.13% | -4.63% | +16.26% | 23 |
| FAST Fastenal Company | 0.51% | 54.84 | +0.49% | +4.80% | +6.51% | +38.14% | 49 |
| ROK Rockwell Automation Inc | 0.51% | 393.38 | +1.03% | -11.87% | -9.35% | +1.77% | 12 |
| DAL Delta Air Lines Inc | 0.51% | 92.20 | +0.44% | +10.71% | +15.42% | +33.57% | 79 |
| CARR Carrier Global Corp | 0.50% | 53.01 | -0.60% | -4.26% | -4.35% | +1.11% | 23 |
| ATCO-A.ST ATLAS COPCO CLASS A | 0.48% | 187.70 | +1.96% | +0.29% | -10.58% | +14.67% | 11 |
| DSV.CO DSV | 0.48% | 1433.00 | -0.97% | -1.10% | +23.96% | -10.88% | 96 |
| LR.PA LEGRAND SA | 0.47% | 135.60 | +1.23% | +1.35% | -2.87% | +6.56% | 24 |
| WAB Wabtec Corp | 0.45% | 303.49 | +1.78% | +4.01% | +6.20% | +42.53% | 48 |
| RSG Republic Services | 0.43% | 247.62 | +0.34% | +1.96% | +12.68% | +17.52% | 71 |
| WCN Waste Connections Inc | 0.41% | 191.14 | +0.59% | +2.61% | +24.35% | +9.47% | 96 |
| SGO.PA COMPAGNIE DE SAINT GOBAIN SA | 0.40% | 76.34 | +1.87% | +8.56% | +17.09% | -12.21% | 85 |
| ODFL Old Dominion Freight Line | 0.39% | 168.02 | -1.68% | -5.44% | -7.64% | +7.31% | 18 |
| EME Emcor Group | 0.39% | 645.39 | -1.15% | -8.77% | -17.12% | +5.61% | 4 |
| ASSA-B.ST ASSA ABLOY B | 0.37% | 388.70 | -0.28% | -0.18% | +11.57% | +9.27% | 67 |
| FER Ferrovial N.V. | 0.33% | 60.99 | -0.65% | +6.00% | +21.16% | -5.60% | 93 |
| EXPN.LSE EXPERIAN PLC | 0.33% | 2975.00 | -1.72% | -1.26% | +10.27% | -11.13% | 64 |
| UAL United Airlines Holdings | 0.33% | 120.56 | +0.15% | +12.45% | +15.43% | +7.82% | 80 |
| VWS.CO VESTAS WIND SYSTEMS | 0.32% | 198.60 | -4.06% | +0.58% | +4.69% | +14.98% | 47 |
| AXON Axon Enterprise | 0.31% | 302.54 | -0.21% | -27.37% | -27.00% | -46.73% | 1 |
| CPRT Copart Inc | 0.31% | 32.30 | -0.46% | +3.99% | +21.98% | -17.50% | 94 |
| PAYX Paychex Inc | 0.31% | 116.20 | +1.25% | +0.48% | +11.05% | +4.66% | 65 |
| ACS.MC ACS ACTIVIDADES DE CONSTRUCCION Y | 0.31% | 90.15 | +2.04% | -2.33% | -2.22% | +6.76% | 26 |
| OTIS Otis Worldwide Corp | 0.29% | 78.13 | -0.81% | +1.71% | +17.05% | -9.60% | 85 |
| DOV Dover Corp | 0.29% | 212.00 | -0.46% | -0.74% | +11.06% | +9.10% | 66 |
| XYL Xylem Inc | 0.27% | 96.84 | -2.44% | +0.59% | -5.60% | -28.65% | 20 |
| ATCO-B.ST ATLAS COPCO CLASS B | 0.27% | 163.25 | +1.78% | +0.28% | -10.77% | +10.27% | 10 |
| IR Ingersoll Rand Inc | 0.26% | 85.86 | -1.17% | +1.54% | +8.56% | +8.44% | 55 |
| HUBB Hubbell Inc B | 0.25% | 437.79 | -0.86% | -2.56% | -7.65% | -0.86% | 18 |
| HO.PA THALES SA | 0.25% | 232.70 | +1.75% | -0.13% | +4.54% | +1.26% | 45 |
| VRSK Verisk Analytics Inc | 0.24% | 204.02 | +1.70% | +3.56% | +14.95% | -8.56% | 77 |
| KNEBV.HE KONE | 0.23% | 57.92 | -0.55% | +2.80% | +9.37% | -1.41% | 59 |
| DTG Dte Energy Company 2021 Sr E | 0.23% | 14.97 | -1.84% | -0.53% | +0.81% | -8.48% | 35 |
| VLTO Veralto Corporation | 0.22% | 118.21 | +0.13% | +1.62% | +20.38% | +18.65% | 92 |
| CHRW C.H. Robinson Ww | 0.22% | 128.99 | +0.00% | -3.39% | -7.70% | -19.21% | 17 |
| EXPD Expeditors Intl | 0.22% | 189.19 | -0.21% | -7.40% | -2.18% | +27.62% | 27 |
| GEBN.SW GEBERIT AG | 0.21% | 595.60 | +1.53% | +3.40% | +12.21% | -1.53% | 69 |
| AENA.MC AENA SME SA | 0.21% | 28.96 | +0.77% | +4.93% | +15.29% | +25.87% | 78 |
| VACN.SW VAT GROUP AG | 0.21% | 535.00 | +0.87% | -5.81% | -19.50% | +40.33% | 3 |
| LUV Southwest Airlines Company | 0.20% | 46.32 | +0.04% | +6.61% | +13.64% | +12.56% | 74 |
| EFX Equifax Inc | 0.20% | 188.23 | -0.05% | +0.27% | +27.76% | -12.72% | 98 |
| JBHT J B Hunt Transport | 0.20% | 226.27 | +0.87% | +0.93% | -0.89% | +16.88% | 31 |
| WRT1V.HE WARTSILA | 0.20% | 26.41 | +2.32% | +1.19% | -10.05% | -11.76% | 12 |
| SNA Snap-On Inc | 0.19% | 373.28 | -0.14% | +3.10% | +3.12% | +9.76% | 41 |
| SGSN.SW SGS SA | 0.19% | 101.90 | -0.34% | -0.92% | +5.05% | +16.50% | 47 |
| FTV Fortive Corp | 0.19% | 67.73 | +0.94% | +1.38% | +18.06% | +22.81% | 88 |
| MTX Minerals Technologies Inc | 0.18% | 61.87 | -1.15% | -2.28% | -1.72% | +2.00% | 28 |
| BR Broadridge Financial Solutions | 0.18% | 192.96 | +0.32% | +5.01% | +15.95% | -13.06% | 82 |
| EPI-A.ST EPIROC CLASS A | 0.18% | 247.00 | +1.48% | +0.00% | -6.21% | +17.68% | 19 |
| WKL.AS WOLTERS KLUWER NV | 0.17% | 87.42 | -1.58% | +2.32% | +13.30% | -1.04% | 74 |
| LDOS Leidos Holdings Inc | 0.16% | 137.24 | +1.09% | +1.87% | +12.86% | -23.74% | 72 |
| ROL Rollins Inc | 0.16% | 38.42 | -0.31% | +3.40% | +19.80% | -35.58% | 91 |
| TXT Textron Inc | 0.16% | 86.82 | +1.65% | -1.06% | +14.57% | -0.38% | 76 |
| IEX Idex Corp | 0.16% | 236.90 | +0.41% | -0.19% | +0.48% | +34.10% | 34 |
| NDSN Nordson Corp | 0.16% | 325.10 | +0.39% | -1.80% | -1.62% | +35.63% | 29 |
| LII Lennox International | 0.16% | 347.93 | -0.44% | +0.42% | -2.46% | -28.14% | 25 |
| KOG.OL KONGSBERG GRUPPEN | 0.15% | 355.00 | +1.54% | -1.50% | +18.33% | +38.02% | 89 |
| RTO Rentokil Initial Plc ADR | 0.15% | 354.40 | +0.40% | +0.03% | +15.85% | -19.83% | 82 |
| GNRC Generac Holdings Inc | 0.15% | 181.78 | -3.69% | -13.14% | -16.76% | +33.30% | 6 |
| RYA.IR RYANAIR HOLDINGS PLC | 0.15% | 26.61 | +0.72% | +11.34% | +15.60% | -9.33% | 80 |
| MAS Masco Corp | 0.14% | 84.80 | -1.30% | +3.58% | +22.93% | +34.84% | 95 |
| J Jacobs Engineering Group | 0.14% | 157.11 | +0.46% | -1.71% | +12.68% | +19.29% | 70 |
| KRX.IR KINGSPAN GROUP PLC | 0.13% | 96.70 | +1.31% | -0.31% | -5.01% | +30.90% | 21 |
| DPLM.LSE DIPLOMA PLC | 0.13% | 7200.00 | +0.63% | -0.28% | -8.51% | +37.44% | 15 |
| METSO.HE METSO CORPORATION | 0.13% | 17.45 | +2.71% | +1.10% | +3.62% | +18.07% | 43 |
| HII Huntington Ingalls Industries | 0.13% | 313.57 | +3.03% | -1.06% | +18.76% | -7.10% | 90 |
| PNR Pentair Ltd | 0.12% | 69.63 | -0.81% | -0.14% | +33.06% | -32.77% | 99 |
| SWK Stanley Black & Decker | 0.12% | 116.44 | -1.41% | +11.30% | +31.35% | +58.50% | 99 |
| KNIN.SW KUEHNE UND NAGEL INTERNATIONAL AG | 0.12% | 228.20 | -0.52% | -5.47% | -0.17% | +37.93% | 32 |
| TRI Thomson Reuters Corp | 0.12% | 108.41 | +0.10% | -1.61% | +3.99% | -15.97% | 44 |
| ALLE Allegion Plc | 0.12% | 189.49 | -0.54% | +0.07% | +26.29% | +19.46% | 97 |
| BVI.PA BUREAU VERITAS SA | 0.11% | 29.96 | +0.03% | +2.78% | +10.03% | +14.11% | 64 |
| EN.PA BOUYGUES SA | 0.11% | 43.64 | +1.80% | +6.36% | +7.89% | +2.57% | 53 |
| SMIN Ishares MSCI India Small Cap ETF | 0.11% | 70.85 | +0.40% | +4.82% | +3.54% | +1.34% | 42 |
| BNZL.LSE BUNZL | 0.11% | 2856.00 | +0.49% | -0.28% | +4.62% | +40.69% | 46 |
| FGR.PA EIFFAGE SA | 0.11% | 108.80 | +1.54% | +6.20% | +9.11% | -7.68% | 58 |
| PAC Grupo Aeroportuario Del Pacifico ADR | 0.10% | 241.33 | +2.21% | +6.13% | +19.00% | -8.46% | 91 |
| EPI-B.ST EPIROC CLASS B | 0.10% | 208.60 | +1.36% | -0.38% | -6.06% | +12.66% | 20 |
| ADDT-B.ST ADDTECH CLASS B | 0.10% | 322.00 | +2.48% | +2.68% | +0.00% | -1.65% | 34 |
| SKA-B.ST SKANSKA B | 0.09% | 294.80 | +2.18% | +3.84% | +11.75% | +23.70% | 68 |
| CAE Cae Inc | 0.09% | 27.73 | +0.73% | +4.09% | +16.91% | -8.84% | 84 |
| BLDR Builders Firstsource | 0.08% | 62.93 | -4.61% | -1.07% | +20.69% | -38.84% | 93 |
| MRO Marathon Oil Corp | 0.08% | 479.10 | -0.13% | +1.20% | +6.51% | -17.81% | 50 |
| TREL-B.ST TRELLEBORG B | 0.08% | 461.00 | +1.63% | -0.04% | +1.72% | +19.84% | 37 |
| SPX.LSE SPIRAX GROUP PLC | 0.07% | 7355.00 | +0.27% | -1.54% | +1.80% | +9.63% | 38 |
| NIBE-B.ST NIBE INDUSTRIER CLASS B | 0.07% | 44.80 | -0.31% | -1.88% | +1.45% | +25.77% | 36 |
| IMCD.AS IMCD NV | 0.07% | 103.05 | +0.78% | -1.20% | +2.69% | +35.63% | 40 |
| LTM Latam Airlines Group S.A. ADR | 0.06% | 49.98 | -1.19% | +13.36% | -0.04% | -7.23% | 33 |
| AOS Smith A.O. Corp | 0.06% | 64.36 | -1.29% | +0.81% | +13.71% | -2.74% | 75 |
| ADEN.SW ADECCO GROUP AG | 0.03% | 22.34 | -0.89% | -3.12% | +2.10% | +1.74% | 39 |
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
EXI dispersion — data Q&A
Is EXI's move broad or carried by a few names (21 sessions)?
As of 2026-11-10: over 21 sessions the fund returned -0.52% while its median constituent returned +6.51% — a dispersion of 12.42 pp; 68% of 137 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 EXI's members trade in the last session?
As of 2026-11-10: fund -0.31%, median member +0.33%, 82 advancers vs 54 decliners.
What does the dispersion page for EXI 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. 137 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.