Constituent dispersion · breadth vs the index
WTAI — WisdomTree AI & Innovation
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 | -4.53% | -0.38 | +28pp | +6.09pp | Confirming ↓ |
| 1 month | -7.57% | -2.15 | +2pp | +2.04pp | Confirming ↓ |
| 1 quarter | -9.66% | -1.04 | +15pp | +3.03pp | Confirming ↓ |
Over the last 126 sessions: price up +35.18%, breadth up (+4.02/name) · % beating 51→67 · median−ETF +0.23pp→+4.53pp.
Stocks above their moving average — participation breadth
Of the 47 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 47 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 | 21 (45%) | 20 (43%) | +1 |
| 1-Month | 6 (13%) | 9 (19%) | -3 |
| 3-Month | 2 (4%) | 5 (11%) | -3 |
| 6-Month | 2 (4%) | 0 (0%) | +2 |
| 52-Week | 2 (4%) | 0 (0%) | +2 |
| YTD | 2 (4%) | 0 (0%) | +2 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -4.26% | +0.00% | +4.26pp | 23 / 23 | 34 / 13 | 8 of 47 | ±6.62% |
| 5d | -4.53% | -0.59% | +3.95pp | 23 / 24 | 36 / 11 | 4 of 47 | ±6.9% |
| 21d | -7.57% | -2.90% | +4.67pp | 16 / 31 | 32 / 15 | 5 of 47 | ±11.97% |
| YTD | +37.41% | +12.84% | -24.57pp | 32 / 15 | 19 / 28 | 1 of 47 | ±56.16% |
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)
- PANW+13.09%+0.29pp
- GOOGL+3.22%+0.18pp
- CRWD+13.85%+0.17pp
- NOW+7.41%+0.15pp
- SAIL+15.31%+0.1pp
- TER-13.30%-0.26pp
- MU-5.25%-0.21pp
- ALAB-11.74%-0.17pp
- AVGO-4.77%-0.15pp
- NVDA-3.36%-0.14pp
This month (21d)
- CRM+28.83%+0.39pp
- NOW+11.87%+0.24pp
- TEAM+16.14%+0.18pp
- SPOT+11.66%+0.09pp
- DE+11.28%+0.08pp
- AVGO-17.50%-0.55pp
- CRDO-43.57%-0.46pp
- TER-19.81%-0.38pp
- ALAB-20.37%-0.29pp
- VRT-17.31%-0.27pp
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%
- TEAM+16.14%
- GTLB+13.61%
- NOW+11.87%
- SPOT+11.66%
- CRDO-43.57%
- ALAB-20.37%
- TER-19.81%
- MDB-19.06%
- AVGO-17.50%
WTAI — constituent leadership race
$100 in each covered WTAI 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 — 47 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| GOOGL Alphabet Cl A | 5.66% | 349.39 | +3.22% | +3.23% | +0.87% | +11.70% | 66 |
| NVDA Nvidia Corp | 4.20% | 210.96 | -3.36% | -8.32% | -6.36% | +13.25% | 40 |
| MU Micron Technology | 4.02% | 924.03 | -5.25% | -9.10% | -2.72% | +223.89% | 51 |
| AMZN Amazon.com Inc | 3.81% | 253.54 | -1.26% | -1.92% | -4.37% | +9.84% | 45 |
| ORCL Oracle Corp | 3.24% | 144.79 | -3.65% | -8.81% | -7.32% | -25.26% | 32 |
| AVGO Broadcom Ltd | 3.12% | 344.72 | -4.77% | -3.68% | -17.50% | -0.19% | 9 |
| MSFT Microsoft Corp | 3.10% | 505.41 | +1.97% | +1.14% | +1.91% | +4.74% | 70 |
| TSM Taiwan Semiconductor ADR | 2.24% | 418.01 | -3.52% | -2.54% | -2.90% | +37.86% | 49 |
| PANW Palo Alto Networks | 2.20% | 373.94 | +13.09% | +12.21% | -5.57% | +103.01% | 43 |
| AMD Adv Micro Devices | 2.17% | 493.41 | -4.40% | +3.32% | +2.15% | +130.39% | 72 |
| INTC Intel Corp | 1.99% | 97.19 | -5.59% | +1.45% | -7.05% | +163.39% | 36 |
| NOW Servicenow Inc | 1.99% | 142.35 | +7.41% | +0.77% | +11.87% | -7.08% | 91 |
| SNOW Snowflake Inc Cl A | 1.97% | 332.35 | +1.02% | -1.43% | -1.49% | +51.51% | 57 |
| TER Teradyne Inc | 1.94% | 329.20 | -13.30% | -7.79% | -19.81% | +70.15% | 4 |
| MRVL Marvell Technology Inc | 1.79% | 218.82 | -7.32% | -2.12% | -1.51% | +157.81% | 55 |
| CMI Cummins Inc | 1.78% | 541.10 | -2.81% | -3.50% | -14.01% | +6.69% | 19 |
| CLS Celestica Inc | 1.56% | 316.08 | -8.79% | +1.19% | -9.08% | +6.92% | 23 |
| VRT Vertiv Holdings Llc. | 1.55% | 237.39 | -7.63% | -15.36% | -17.31% | +46.56% | 11 |
| ASML ASML Holdings NY Reg ADR | 1.52% | 1575.15 | -7.25% | -8.15% | -14.76% | +47.75% | 17 |
| PLTR Palantir Technologies Cl A | 1.44% | 173.31 | +3.64% | -0.59% | -3.18% | -2.50% | 47 |
| ALAB Astera Labs Inc | 1.43% | 257.04 | -11.74% | -17.19% | -20.37% | +54.51% | 2 |
| MDB Mongodb Inc Cl A | 1.37% | 382.29 | +5.54% | +3.67% | -19.06% | -8.91% | 6 |
| CRM Salesforce Inc | 1.34% | 259.43 | +4.73% | +0.08% | +28.83% | -1.82% | 98 |
| CHKP Check Point Software | 1.32% | 138.50 | +5.21% | +1.05% | +3.18% | -25.36% | 77 |
| DOCN Digitalocean Holdings Inc | 1.30% | 120.21 | -2.23% | +6.88% | -9.13% | +149.81% | 21 |
| FROG Jfrog Ltd | 1.23% | 93.00 | +6.68% | +6.16% | -2.26% | +48.90% | 53 |
| CRWD Crowdstrike Holdings | 1.23% | 235.38 | +13.85% | +10.46% | +4.37% | +100.85% | 79 |
| CFLT Confluent Inc Cl A | 1.20% | 30.99 | +0.00% | +0.85% | +1.41% | +2.48% | 68 |
| TEAM Atlassian Corp | 1.14% | 192.77 | +7.27% | +1.68% | +16.14% | +18.89% | 96 |
| LSCC Lattice Semicond | 1.13% | 106.50 | -11.07% | -8.11% | -17.08% | +44.74% | 13 |
| ANET Arista Networks Inc | 1.09% | 187.81 | -5.90% | -3.08% | -7.76% | +43.33% | 30 |
| NET Cloudflare Inc Cl A | 1.08% | 330.36 | +7.77% | +18.44% | -0.14% | +67.57% | 64 |
| LYFT Lyft Inc Cl A | 1.07% | 15.90 | +3.79% | -4.90% | -7.18% | -17.91% | 34 |
| CRDO Credo Technology Group Holding Ltd | 1.05% | 150.09 | -7.89% | -12.01% | -43.57% | +4.31% | 0 |
| IBM Intl Business Machines | 0.97% | 249.09 | +2.38% | +6.05% | +5.04% | -15.43% | 81 |
| DDOG Datadog Inc Cl A | 0.92% | 230.05 | +4.00% | +8.04% | -8.80% | +69.17% | 26 |
| MCHP Microchip Technology | 0.91% | 71.48 | -3.67% | -3.63% | -7.99% | +12.84% | 28 |
| SYM Symbotic Inc | 0.89% | 41.60 | -1.26% | -3.12% | -0.48% | -30.08% | 62 |
| EQIX Equinix Inc | 0.84% | 998.72 | -3.76% | -3.60% | -6.55% | +31.71% | 38 |
| SPOT Spotify Technology S.A. | 0.78% | 556.31 | +5.81% | +2.56% | +11.66% | -4.20% | 89 |
| DE Deere & Company | 0.68% | 681.46 | +0.85% | -1.74% | +11.28% | +46.80% | 87 |
| SAIL Sailpoint Inc | 0.66% | 19.88 | +15.31% | +5.63% | -0.55% | -1.73% | 60 |
| KR Kroger Company | 0.58% | 60.91 | +4.14% | +3.96% | +7.16% | -1.51% | 83 |
| NFLX Netflix Inc | 0.57% | 80.32 | +3.77% | +2.65% | +2.66% | -14.33% | 74 |
| SHOP Shopify Inc | 0.48% | 133.89 | +3.96% | -7.72% | -15.54% | -16.82% | 15 |
| GTLB Gitlab Inc Cl A | 0.46% | 49.25 | +4.81% | -1.16% | +13.61% | +31.23% | 94 |
| QCOM Qualcomm Inc | 0.43% | 180.15 | -1.00% | +6.76% | +9.32% | +6.00% | 85 |
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
WTAI dispersion — data Q&A
Is WTAI's move broad or carried by a few names (21 sessions)?
As of 2026-09-14: over 21 sessions the fund returned -7.57% while its median constituent returned -2.90% — a dispersion of 11.97 pp; 68% of 47 members beat the fund. Broad decline - breadth is falling with price.
How did WTAI's members trade in the last session?
As of 2026-09-14: fund -4.26%, median member +0.00%, 23 advancers vs 23 decliners.
What does the dispersion page for WTAI 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. 47 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.