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 | -12.62% | -0.89 | +7pp | +7.65pp | Confirming ↓ |
| 1 month | -18.03% | -0.21 | +40pp | +20.19pp | Confirming ↓ |
| 1 quarter | +2.50% | -0.4 | +57pp | +29.94pp | Weakening |
Over the last 126 sessions: price up +17.44%, breadth up (+2.28/name) · % beating 34→83 · median−ETF -6.05pp→+18.80pp.
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 2026-07-28.
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 | 17 (36%) | 19 (40%) | -2 |
| 1-Month | 6 (13%) | 16 (34%) | -10 |
| 3-Month | 3 (6%) | 3 (6%) | +0 |
| 6-Month | 1 (2%) | 0 (0%) | +1 |
| 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 | -4.43% | -0.23% | +4.20pp | 22 / 24 | 37 / 10 | 3 of 47 | ±4.24% |
| 5d | -12.62% | -2.85% | +9.76pp | 17 / 30 | 39 / 8 | 2 of 47 | ±8.14% |
| 21d | -18.03% | +1.41% | +19.44pp | 24 / 23 | 39 / 8 | 0 of 47 | ±14.49% |
| YTD | +25.26% | +18.47% | -6.79pp | 29 / 18 | 20 / 27 | 0 of 47 | ±51.53% |
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)
- CLS+10.04%+0.16pp
- GOOGL+2.19%+0.12pp
- NOW+4.79%+0.1pp
- CRM+4.55%+0.06pp
- IBM+5.21%+0.05pp
- MU-8.85%-0.36pp
- AMD-8.15%-0.18pp
- MRVL-7.77%-0.14pp
- INTC-5.86%-0.12pp
- ALAB-7.89%-0.11pp
This month (21d)
- TEAM+26.97%+0.31pp
- NOW+12.49%+0.25pp
- CRM+14.61%+0.2pp
- MSFT+5.46%+0.17pp
- SNOW+8.60%+0.17pp
- MU-27.52%-1.11pp
- INTC-32.75%-0.65pp
- ORCL-19.24%-0.62pp
- MRVL-34.60%-0.62pp
- TER-26.60%-0.52pp
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)
- TEAM+26.97%
- SAIL+19.73%
- CRM+14.61%
- GTLB+13.40%
- NOW+12.49%
- MRVL-34.60%
- ALAB-33.57%
- INTC-32.75%
- MU-27.52%
- TER-26.60%
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% | 333.71 | +2.19% | -3.87% | -1.09% | +6.69% | 43 |
| NVDA Nvidia Corp | 4.20% | 197.01 | +0.25% | -4.96% | +2.33% | +5.76% | 51 |
| MU Micron Technology | 4.02% | 820.53 | -8.85% | -15.48% | -27.52% | +187.61% | 6 |
| AMZN Amazon.com Inc | 3.81% | 230.86 | -0.23% | -6.74% | -0.79% | +0.02% | 47 |
| ORCL Oracle Corp | 3.24% | 119.96 | +0.05% | -5.58% | -19.24% | -38.08% | 11 |
| AVGO Broadcom Ltd | 3.12% | 380.91 | -0.60% | -1.45% | +4.35% | +10.29% | 62 |
| MSFT Microsoft Corp | 3.10% | 393.35 | +1.09% | -1.11% | +5.46% | -18.48% | 70 |
| TSM Taiwan Semiconductor ADR | 2.24% | 392.31 | -1.70% | -7.61% | -9.26% | +29.39% | 34 |
| PANW Palo Alto Networks | 2.20% | 319.00 | +0.53% | -6.77% | +4.87% | +73.18% | 68 |
| AMD Adv Micro Devices | 2.17% | 454.62 | -8.15% | -16.50% | -12.84% | +112.28% | 26 |
| INTC Intel Corp | 1.99% | 86.30 | -5.86% | -18.16% | -32.75% | +133.88% | 4 |
| NOW Servicenow Inc | 1.99% | 110.62 | +4.79% | +8.39% | +12.49% | -27.79% | 89 |
| SNOW Snowflake Inc Cl A | 1.97% | 270.36 | -0.94% | -0.50% | +8.60% | +23.25% | 79 |
| TER Teradyne Inc | 1.94% | 320.65 | -4.22% | -14.27% | -26.60% | +65.73% | 9 |
| MRVL Marvell Technology Inc | 1.79% | 174.47 | -7.77% | -16.10% | -34.60% | +105.56% | 0 |
| CMI Cummins Inc | 1.78% | 641.60 | -3.06% | -2.85% | -6.45% | +26.51% | 36 |
| CLS Celestica Inc | 1.56% | 350.20 | +10.04% | +3.12% | +3.75% | +18.47% | 60 |
| VRT Vertiv Holdings Llc. | 1.55% | 269.56 | -6.27% | -11.47% | -11.31% | +66.42% | 32 |
| ASML ASML Holdings NY Reg ADR | 1.52% | 1582.95 | -4.24% | -12.02% | -11.79% | +48.48% | 30 |
| PLTR Palantir Technologies Cl A | 1.44% | 123.53 | -6.08% | -6.88% | +9.39% | -30.50% | 81 |
| ALAB Astera Labs Inc | 1.43% | 260.23 | -7.89% | -18.62% | -33.57% | +56.43% | 2 |
| MDB Mongodb Inc Cl A | 1.37% | 310.62 | +0.29% | +0.97% | -1.08% | -25.99% | 45 |
| CRM Salesforce Inc | 1.34% | 181.50 | +4.55% | +6.73% | +14.61% | -31.31% | 94 |
| CHKP Check Point Software | 1.32% | 137.64 | +3.68% | +5.50% | +5.84% | -25.82% | 72 |
| DOCN Digitalocean Holdings Inc | 1.30% | 112.51 | -6.40% | -17.54% | -19.22% | +133.81% | 13 |
| FROG Jfrog Ltd | 1.23% | 76.43 | -5.91% | -11.70% | -12.73% | +22.37% | 28 |
| CRWD Crowdstrike Holdings | 1.23% | 181.80 | +0.94% | -4.89% | +3.72% | +55.13% | 57 |
| CFLT Confluent Inc Cl A | 1.20% | 30.99 | +0.00% | +0.85% | +1.41% | +2.48% | 49 |
| TEAM Atlassian Corp | 1.14% | 99.98 | +4.29% | +10.35% | +26.97% | -38.34% | 98 |
| LSCC Lattice Semicond | 1.13% | 120.06 | -2.32% | -11.61% | -13.48% | +63.17% | 23 |
| ANET Arista Networks Inc | 1.09% | 169.71 | -0.61% | -2.79% | +7.68% | +29.52% | 74 |
| NET Cloudflare Inc Cl A | 1.08% | 264.10 | -0.57% | -3.01% | +11.32% | +33.96% | 85 |
| LYFT Lyft Inc Cl A | 1.07% | 15.45 | +2.39% | +1.71% | +8.27% | -20.24% | 77 |
| CRDO Credo Technology Group Holding Ltd | 1.05% | 192.28 | -7.62% | -14.11% | -19.21% | +33.63% | 15 |
| IBM Intl Business Machines | 0.97% | 227.55 | +5.21% | +8.10% | -16.23% | -22.74% | 17 |
| DDOG Datadog Inc Cl A | 0.92% | 250.88 | -0.39% | -1.53% | +4.63% | +84.48% | 66 |
| MCHP Microchip Technology | 0.91% | 75.71 | -2.81% | -9.20% | -13.90% | +19.52% | 21 |
| SYM Symbotic Inc | 0.89% | 42.34 | +2.05% | -1.21% | +2.67% | -28.84% | 55 |
| EQIX Equinix Inc | 0.84% | 1034.86 | -1.14% | +0.68% | -5.17% | +36.48% | 38 |
| SPOT Spotify Technology S.A. | 0.78% | 511.56 | +3.40% | +3.72% | +11.20% | -11.91% | 83 |
| DE Deere & Company | 0.68% | 639.84 | +2.37% | +9.02% | +4.61% | +37.83% | 64 |
| SAIL Sailpoint Inc | 0.66% | 15.78 | +2.87% | +6.84% | +19.73% | -22.00% | 96 |
| KR Kroger Company | 0.58% | 59.19 | +2.09% | +2.44% | +2.53% | -4.29% | 53 |
| NFLX Netflix Inc | 0.57% | 72.39 | +2.83% | +5.42% | -1.92% | -22.79% | 40 |
| SHOP Shopify Inc | 0.48% | 130.28 | +2.68% | +5.89% | +11.48% | -19.07% | 87 |
| GTLB Gitlab Inc Cl A | 0.46% | 32.97 | +0.26% | +0.35% | +13.40% | -12.16% | 91 |
| QCOM Qualcomm Inc | 0.43% | 162.88 | -4.21% | -6.12% | -14.00% | -4.17% | 19 |
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.