Constituent dispersion · breadth vs the index
XLI — Industrial Select Sector
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 | -1.51% | +0.21 | +5pp | +2.48pp | Improving |
| 1 month | -0.25% | +2.81 | +16pp | +8.86pp | Improving |
| 1 quarter | -9.23% | -1.2 | +13pp | +8.19pp | Confirming ↓ |
Over the last 126 sessions: price down -2.82%, breadth up (+3.01/name) · % beating 41→66 · median−ETF -2.80pp→+8.92pp.
Stocks above their moving average — participation breadth
Of the 80 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 80 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 (26%) | 5 (6%) | +16 |
| 1-Month | 7 (9%) | 1 (1%) | +6 |
| 3-Month | 4 (5%) | 1 (1%) | +3 |
| 6-Month | 2 (3%) | 1 (1%) | +1 |
| 52-Week | 2 (3%) | 1 (1%) | +1 |
| YTD | 2 (3%) | 1 (1%) | +1 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.09% | +0.10% | +0.20pp | 44 / 35 | 46 / 34 | 43 of 80 | ±1.42% |
| 5d | -1.51% | +0.44% | +1.95pp | 44 / 36 | 54 / 26 | 11 of 80 | ±6.3% |
| 21d | -0.25% | +8.68% | +8.92pp | 53 / 27 | 53 / 27 | 3 of 80 | ±13.86% |
| YTD | +9.08% | +10.10% | +1.02pp | 55 / 24 | 44 / 35 | 7 of 79 | ±21.43% |
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%+0.09pp
- LMT+2.54%+0.05pp
- GE+0.71%+0.05pp
- UNP+1.22%+0.04pp
- HWM+1.30%+0.03pp
- CAT-2.39%-0.18pp
- GEV-3.89%-0.18pp
- VRT-3.12%-0.07pp
- CMI-2.63%-0.04pp
- UBER-1.57%-0.04pp
This month (21d)
- GE+9.48%+0.61pp
- LMT+17.82%+0.35pp
- RTX+7.29%+0.33pp
- MMM+17.70%+0.27pp
- UPS+16.48%+0.24pp
- CAT-26.87%-2.07pp
- GEV-20.04%-0.93pp
- ETN-16.98%-0.47pp
- VRT-18.86%-0.4pp
- FIX-32.48%-0.39pp
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%
- MAS+22.93%
- FIX-32.48%
- AXON-27.00%
- CAT-26.87%
- GEV-20.04%
- VRT-18.86%
XLI — constituent leadership race
$100 in each covered XLI constituent at 2025-12-24, 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 — 80 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CAT Caterpillar Inc | 7.71% | 584.57 | -2.39% | -6.31% | -26.87% | +2.48% | 3 |
| GE GE Aerospace | 6.40% | 337.91 | +0.71% | +5.38% | +9.48% | +9.86% | 55 |
| GEV GE Vernova Inc | 4.62% | 797.04 | -3.89% | -13.20% | -20.04% | +22.12% | 4 |
| RTX Rtx Corp | 4.49% | 200.27 | +2.02% | -1.74% | +7.29% | +9.56% | 46 |
| BA Boeing Company | 3.13% | 173.38 | +0.58% | +0.04% | -8.51% | -20.15% | 16 |
| UNP Union Pacific Corp | 2.95% | 300.62 | +1.22% | -0.93% | +6.77% | +31.32% | 44 |
| ETN Eaton Corp | 2.77% | 354.22 | -1.11% | -9.29% | -16.98% | +11.56% | 8 |
| DE Deere & Company | 2.65% | 687.64 | -0.53% | +3.28% | +8.70% | +48.13% | 50 |
| UBER UBER Technologies Inc | 2.58% | 70.05 | -1.57% | +5.18% | -2.03% | -14.27% | 29 |
| HON Honeywell International | 2.55% | 228.22 | -0.34% | +1.86% | +8.86% | +13.05% | 51 |
| VRT Vertiv Holdings Llc. | 2.11% | 194.22 | -3.12% | -17.69% | -18.86% | +19.91% | 5 |
| PH Parker-Hannifin Corp | 2.08% | 965.17 | +0.90% | +2.14% | +0.87% | +10.26% | 35 |
| LMT Lockheed Martin Corp | 1.99% | 603.12 | +2.54% | -5.62% | +17.82% | +25.35% | 85 |
| HWM Howmet Aerospace Inc | 1.93% | 219.05 | +1.30% | -1.76% | -0.80% | +6.95% | 33 |
| PWR Quanta Services | 1.92% | 583.14 | -1.41% | -11.24% | -16.07% | +38.23% | 10 |
| TT Trane Technologies Plc | 1.85% | 420.82 | +0.06% | +0.81% | -11.88% | +8.63% | 13 |
| GD General Dynamics Corp | 1.67% | 367.44 | +1.48% | -1.89% | +9.53% | +10.10% | 56 |
| CMI Cummins Inc | 1.66% | 454.18 | -2.63% | -9.29% | -13.96% | -10.44% | 11 |
| ADP Automatic Data Processing | 1.66% | 305.44 | +1.12% | +3.19% | +11.55% | +19.72% | 61 |
| JCI Johnson Controls Intl | 1.61% | 141.12 | -0.26% | -5.86% | -9.20% | +18.21% | 15 |
| CSX CSX Corp | 1.61% | 51.08 | +1.19% | +0.71% | +6.97% | +41.37% | 45 |
| MMM 3M Company | 1.52% | 189.37 | +0.39% | +6.96% | +17.70% | +18.81% | 84 |
| WM Waste Management | 1.48% | 237.38 | +0.33% | +1.15% | +12.43% | +8.94% | 63 |
| EMR Emerson Electric Company | 1.46% | 167.54 | -1.17% | +0.69% | +3.13% | +27.23% | 39 |
| UPS United Parcel Service | 1.46% | 111.05 | +0.08% | +1.72% | +16.48% | +13.52% | 81 |
| NOC Northrop Grumman Corp | 1.34% | 548.61 | +1.77% | -0.31% | +13.12% | -3.48% | 69 |
| FDX Fedex Corp | 1.33% | 319.48 | +0.20% | +0.46% | +9.32% | +11.05% | 53 |
| TDG Transdigm Group Inc | 1.29% | 1225.54 | +0.55% | +1.45% | +9.43% | -7.84% | 54 |
| NSC Norfolk Southern Corp | 1.28% | 327.93 | +0.65% | -3.42% | +2.68% | +14.58% | 36 |
| URI United Rentals | 1.23% | 1104.94 | -1.89% | -5.81% | +4.54% | +37.12% | 40 |
| ITW Illinois Tool Works | 1.23% | 288.05 | +0.46% | +0.49% | +8.65% | +17.69% | 49 |
| FIX Comfort Systems USA | 1.20% | 1105.93 | -0.66% | -13.94% | -32.48% | +18.61% | 0 |
| PCAR Paccar Inc | 1.13% | 105.57 | +0.18% | +3.81% | -2.37% | -3.05% | 26 |
| CTAS Cintas Corp | 1.09% | 225.28 | +0.95% | +0.69% | +9.77% | +20.06% | 57 |
| GWW W.W. Grainger | 1.05% | 1472.91 | +1.74% | +5.54% | +12.72% | +46.54% | 66 |
| LHX L3Harris Technologies | 1.05% | 275.96 | +1.67% | -0.62% | +15.83% | -5.67% | 79 |
| CARR Carrier Global Corp | 1.00% | 53.01 | -0.60% | -4.26% | -4.35% | +1.11% | 24 |
| DAL Delta Air Lines Inc | 0.98% | 92.20 | +0.44% | +10.71% | +15.42% | +33.57% | 76 |
| FAST Fastenal Company | 0.97% | 54.84 | +0.49% | +4.80% | +6.51% | +38.14% | 43 |
| AME Ametek Inc | 0.95% | 238.31 | +0.03% | -4.13% | -4.63% | +16.26% | 23 |
| ROK Rockwell Automation Inc | 0.94% | 393.38 | +1.03% | -11.87% | -9.35% | +1.77% | 14 |
| ODFL Old Dominion Freight Line | 0.82% | 168.02 | -1.68% | -5.44% | -7.64% | +7.31% | 20 |
| WAB Wabtec Corp | 0.82% | 303.49 | +1.78% | +4.01% | +6.20% | +42.53% | 41 |
| RSG Republic Services | 0.77% | 247.62 | +0.34% | +1.96% | +12.68% | +17.52% | 65 |
| UAL United Airlines Holdings | 0.68% | 120.56 | +0.15% | +12.45% | +15.43% | +7.82% | 78 |
| EME Emcor Group | 0.67% | 645.39 | -1.15% | -8.77% | -17.12% | +5.61% | 6 |
| AXON Axon Enterprise | 0.63% | 302.54 | -0.21% | -27.37% | -27.00% | -46.73% | 1 |
| PAYX Paychex Inc | 0.59% | 116.20 | +1.25% | +0.48% | +11.05% | +4.66% | 59 |
| DOV Dover Corp | 0.53% | 212.00 | -0.46% | -0.74% | +11.06% | +9.10% | 60 |
| OTIS Otis Worldwide Corp | 0.50% | 78.13 | -0.81% | +1.71% | +17.05% | -9.60% | 83 |
| CPRT Copart Inc | 0.50% | 32.30 | -0.46% | +3.99% | +21.98% | -17.50% | 93 |
| XYL Xylem Inc | 0.49% | 96.84 | -2.44% | +0.59% | -5.60% | -28.65% | 21 |
| IR Ingersoll Rand Inc | 0.48% | 85.86 | -1.17% | +1.54% | +8.56% | +8.44% | 48 |
| VRSK Verisk Analytics Inc | 0.47% | 204.02 | +1.70% | +3.56% | +14.95% | -8.56% | 75 |
| HUBB Hubbell Inc B | 0.46% | 437.79 | -0.86% | -2.56% | -7.65% | -0.86% | 19 |
| CHRW C.H. Robinson Ww | 0.42% | 128.99 | +0.00% | -3.39% | -7.70% | -19.21% | 18 |
| LUV Southwest Airlines Company | 0.41% | 46.32 | +0.04% | +6.61% | +13.64% | +12.56% | 70 |
| EXPD Expeditors Intl | 0.41% | 189.19 | -0.21% | -7.40% | -2.18% | +27.62% | 28 |
| JBHT J B Hunt Transport | 0.39% | 226.27 | +0.87% | +0.93% | -0.89% | +16.88% | 31 |
| VLTO Veralto Corporation | 0.38% | 118.21 | +0.13% | +1.62% | +20.38% | +18.65% | 90 |
| SNA Snap-On Inc | 0.37% | 373.28 | -0.14% | +3.10% | +3.12% | +9.76% | 38 |
| EFX Equifax Inc | 0.36% | 188.23 | -0.05% | +0.27% | +27.76% | -12.72% | 96 |
| FDXF Fedex Freight Holding Company Inc | 0.34% | 129.83 | +0.60% | -0.33% | +14.77% | — | 74 |
| FTV Fortive Corp | 0.34% | 67.73 | +0.94% | +1.38% | +18.06% | +22.81% | 86 |
| BR Broadridge Financial Solutions | 0.31% | 192.96 | +0.32% | +5.01% | +15.95% | -13.06% | 80 |
| LII Lennox International | 0.30% | 347.93 | -0.44% | +0.42% | -2.46% | -28.14% | 25 |
| IEX Idex Corp | 0.30% | 236.90 | +0.41% | -0.19% | +0.48% | +34.10% | 34 |
| TXT Textron Inc | 0.29% | 86.82 | +1.65% | -1.06% | +14.57% | -0.38% | 73 |
| LDOS Leidos Holdings Inc | 0.28% | 137.24 | +1.09% | +1.87% | +12.86% | -23.74% | 68 |
| GNRC Generac Holdings Inc | 0.28% | 181.78 | -3.69% | -13.14% | -16.76% | +33.30% | 9 |
| NDSN Nordson Corp | 0.28% | 325.10 | +0.39% | -1.80% | -1.62% | +35.63% | 30 |
| MAS Masco Corp | 0.27% | 84.80 | -1.30% | +3.58% | +22.93% | +34.84% | 94 |
| J Jacobs Engineering Group | 0.27% | 157.11 | +0.46% | -1.71% | +12.68% | +19.29% | 64 |
| ROL Rollins Inc | 0.25% | 38.42 | -0.31% | +3.40% | +19.80% | -35.58% | 89 |
| SWK Stanley Black & Decker | 0.24% | 116.44 | -1.41% | +11.30% | +31.35% | +58.50% | 98 |
| PNR Pentair Ltd | 0.22% | 69.63 | -0.81% | -0.14% | +33.06% | -32.77% | 99 |
| HII Huntington Ingalls Industries | 0.21% | 313.57 | +3.03% | -1.06% | +18.76% | -7.10% | 88 |
| ALLE Allegion Plc | 0.21% | 189.49 | -0.54% | +0.07% | +26.29% | +19.46% | 95 |
| BLDR Builders Firstsource | 0.16% | 62.93 | -4.61% | -1.07% | +20.69% | -38.84% | 91 |
| AOS Smith A.O. Corp | 0.12% | 64.36 | -1.29% | +0.81% | +13.71% | -2.74% | 71 |
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
XLI dispersion — data Q&A
Is XLI's move broad or carried by a few names (21 sessions)?
As of 2026-11-10: over 21 sessions the fund returned -0.25% while its median constituent returned +8.68% — a dispersion of 13.86 pp; 66% of 80 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 XLI's members trade in the last session?
As of 2026-11-10: fund -0.09%, median member +0.10%, 44 advancers vs 35 decliners.
What does the dispersion page for XLI 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. 80 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.