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 | -7.53% | -0.32 | -6pp | -1.85pp | Confirming ↓ |
| 1 month | -22.80% | -1.11 | +17pp | +7.64pp | Confirming ↓ |
| 1 quarter | -22.33% | -1.4 | +11pp | +3.20pp | Confirming ↓ |
Over the last 126 sessions: price down -19.77%, breadth down (-0.38/name) · % beating 30→74 · median−ETF -16.15pp→+8.90pp.
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 2026-11-10.
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 | 9 (19%) | 6 (13%) | +3 |
| 1-Month | 2 (4%) | 5 (11%) | -3 |
| 3-Month | 2 (4%) | 3 (6%) | -1 |
| 6-Month | 1 (2%) | 1 (2%) | +0 |
| 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 | -1.13% | -0.47% | +0.66pp | 14 / 32 | 31 / 16 | 22 of 47 | ±1.96% |
| 5d | -7.53% | -1.53% | +6.00pp | 20 / 27 | 32 / 15 | 3 of 47 | ±9% |
| 21d | -22.80% | -13.85% | +8.95pp | 11 / 36 | 35 / 12 | 0 of 47 | ±15.21% |
| YTD | +13.76% | +10.50% | -3.27pp | 27 / 20 | 22 / 25 | 0 of 47 | ±43.14% |
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)
- AVGO+3.91%+0.12pp
- AMZN+1.48%+0.06pp
- TSM+2.02%+0.05pp
- NET+4.10%+0.04pp
- SNOW+1.59%+0.03pp
- NVDA-5.47%-0.23pp
- MSFT-2.20%-0.07pp
- NOW-3.07%-0.06pp
- FROG-4.28%-0.05pp
- ORCL-1.51%-0.05pp
This month (21d)
- AMZN+4.37%+0.17pp
- SPOT+14.64%+0.11pp
- CHKP+7.63%+0.1pp
- IBM+7.71%+0.07pp
- LYFT+5.65%+0.06pp
- MU-26.67%-1.07pp
- NVDA-25.38%-1.07pp
- GOOGL-18.52%-1.05pp
- INTC-42.64%-0.85pp
- MRVL-41.93%-0.75pp
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)
- SPOT+14.64%
- KR+9.65%
- DE+8.70%
- IBM+7.71%
- CHKP+7.63%
- INTC-42.64%
- MRVL-41.93%
- DOCN-39.49%
- DDOG-37.90%
- TER-36.07%
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% | 287.38 | -0.27% | +2.62% | -18.52% | -8.12% | 32 |
| NVDA Nvidia Corp | 4.20% | 168.89 | -5.47% | -18.29% | -25.38% | -9.33% | 23 |
| MU Micron Technology | 4.02% | 725.11 | -1.10% | -15.20% | -26.67% | +154.17% | 21 |
| AMZN Amazon.com Inc | 3.81% | 270.87 | +1.48% | +8.05% | +4.37% | +17.35% | 83 |
| ORCL Oracle Corp | 3.24% | 117.98 | -1.51% | -6.51% | -14.13% | -39.10% | 45 |
| AVGO Broadcom Ltd | 3.12% | 331.98 | +3.91% | -0.05% | -6.41% | -3.88% | 70 |
| MSFT Microsoft Corp | 3.10% | 533.16 | -2.20% | +2.34% | -1.48% | +10.50% | 72 |
| TSM Taiwan Semiconductor ADR | 2.24% | 396.48 | +2.02% | -2.06% | -10.77% | +30.76% | 60 |
| PANW Palo Alto Networks | 2.20% | 326.36 | -1.37% | -6.81% | -19.18% | +77.18% | 28 |
| AMD Adv Micro Devices | 2.17% | 515.21 | +1.30% | +6.47% | -13.30% | +140.57% | 51 |
| INTC Intel Corp | 1.99% | 58.13 | -2.09% | -4.00% | -42.64% | +57.53% | 0 |
| NOW Servicenow Inc | 1.99% | 99.61 | -3.07% | -8.75% | -29.01% | -34.98% | 17 |
| SNOW Snowflake Inc Cl A | 1.97% | 295.76 | +1.59% | +0.24% | -17.93% | +34.83% | 38 |
| TER Teradyne Inc | 1.94% | 245.40 | -0.24% | -8.89% | -36.07% | +26.84% | 9 |
| MRVL Marvell Technology Inc | 1.79% | 154.39 | -0.14% | -10.22% | -41.93% | +81.90% | 2 |
| CMI Cummins Inc | 1.78% | 454.18 | -2.63% | -9.29% | -13.96% | -10.44% | 47 |
| CLS Celestica Inc | 1.56% | 223.89 | +0.44% | -13.87% | -35.57% | -24.26% | 11 |
| VRT Vertiv Holdings Llc. | 1.55% | 194.22 | -3.12% | -17.69% | -18.86% | +19.91% | 30 |
| ASML ASML Holdings NY Reg ADR | 1.52% | 1507.85 | -0.36% | -2.85% | -13.85% | +41.43% | 49 |
| PLTR Palantir Technologies Cl A | 1.44% | 168.82 | -0.22% | -3.75% | -19.22% | -5.02% | 26 |
| ALAB Astera Labs Inc | 1.43% | 216.18 | -0.32% | -7.47% | -33.30% | +29.95% | 15 |
| MDB Mongodb Inc Cl A | 1.37% | 331.98 | +1.41% | -1.01% | -12.93% | -20.90% | 53 |
| CRM Salesforce Inc | 1.34% | 213.48 | -0.68% | -3.92% | -8.74% | -19.21% | 66 |
| CHKP Check Point Software | 1.32% | 144.57 | +0.42% | +1.61% | +7.63% | -22.09% | 89 |
| DOCN Digitalocean Holdings Inc | 1.30% | 79.52 | +1.56% | -12.13% | -39.49% | +65.25% | 4 |
| FROG Jfrog Ltd | 1.23% | 103.55 | -4.28% | +17.02% | +4.57% | +65.79% | 85 |
| CRWD Crowdstrike Holdings | 1.23% | 225.76 | -1.23% | -7.73% | -14.16% | +92.64% | 43 |
| CFLT Confluent Inc Cl A | 1.20% | 30.99 | +0.00% | +0.85% | +1.41% | +2.48% | 77 |
| TEAM Atlassian Corp | 1.14% | 148.60 | -4.07% | -22.22% | -28.47% | -8.35% | 19 |
| LSCC Lattice Semicond | 1.13% | 111.25 | -2.32% | +5.03% | -9.44% | +51.20% | 64 |
| ANET Arista Networks Inc | 1.09% | 185.02 | -0.62% | +8.89% | -12.26% | +41.20% | 57 |
| NET Cloudflare Inc Cl A | 1.08% | 305.80 | +4.10% | +11.76% | -12.85% | +55.11% | 55 |
| LYFT Lyft Inc Cl A | 1.07% | 17.02 | +1.55% | +2.10% | +5.65% | -12.13% | 87 |
| CRDO Credo Technology Group Holding Ltd | 1.05% | 129.80 | -2.33% | -13.99% | -35.37% | -9.79% | 13 |
| IBM Intl Business Machines | 0.97% | 244.53 | +0.05% | -1.53% | +7.71% | -16.98% | 91 |
| DDOG Datadog Inc Cl A | 0.92% | 178.40 | -0.68% | -19.10% | -37.90% | +31.19% | 6 |
| MCHP Microchip Technology | 0.91% | 60.33 | -1.90% | -22.55% | -18.29% | -4.76% | 34 |
| SYM Symbotic Inc | 0.89% | 37.62 | -0.45% | +0.27% | -7.75% | -36.77% | 68 |
| EQIX Equinix Inc | 0.84% | 1050.00 | -0.43% | +3.51% | +1.69% | +38.48% | 79 |
| SPOT Spotify Technology S.A. | 0.78% | 606.22 | -0.47% | +1.02% | +14.64% | +4.39% | 98 |
| DE Deere & Company | 0.68% | 687.64 | -0.53% | +3.28% | +8.70% | +48.13% | 94 |
| SAIL Sailpoint Inc | 0.66% | 19.96 | -1.96% | +5.11% | +1.99% | -1.33% | 81 |
| KR Kroger Company | 0.58% | 68.60 | +0.87% | +2.68% | +9.65% | +10.93% | 96 |
| NFLX Netflix Inc | 0.57% | 63.26 | -1.08% | -0.25% | -10.41% | -32.53% | 62 |
| SHOP Shopify Inc | 0.48% | 146.61 | -3.58% | +2.83% | -18.20% | -8.92% | 36 |
| GTLB Gitlab Inc Cl A | 0.46% | 46.66 | -0.98% | -10.90% | -16.69% | +24.33% | 40 |
| QCOM Qualcomm Inc | 0.43% | 173.53 | +1.20% | +5.53% | -0.52% | +2.10% | 74 |
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 2026-11-10: over 21 sessions the fund returned -22.80% while its median constituent returned -13.85% — a dispersion of 15.21 pp; 74% 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 2026-11-10: fund -1.13%, median member -0.47%, 14 advancers vs 32 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 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.