Constituent dispersion · breadth vs the index
AEI — Agentic Ecosystem Index (EW)
Concentration 4.81% in top 5 104.17 effective names · HHI 96
RS vs S&P 500 21d +6.39pp sector return − SPY
RS vs Nasdaq-100 21d +2.59pp sector return − QQQ
Weakening below the surface - the A/D line is falling while price holds up; leadership is narrowing. Last 21 sessions — price +8.16% · A/D -163 (-1.57/name)
AEI 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 | +2.36% | -0.28 | -9pp | -5.46pp | Weakening |
| 1 month | +8.16% | -1.57 | -5pp | -3.33pp | Weakening |
| 1 quarter | +41.26% | +3.14 | -14pp | -7.69pp | Confirming ↑ |
Over the last 121 sessions: price up +34.30%, breadth up (+1.18/name) · % beating 42→32 · median−ETF -2.43pp→-8.90pp.
Stocks above their moving average — participation breadth
Of the 104 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 2026-06-18.
5-day 42.31% 44/104 above
20-day 33.65% 35/104 above
50-day 55.77% 58/104 above
100-day 61.54% 64/104 above
150-day 59.8% 61/102 above
200-day 56.44% 57/101 above
% of constituents above their 50-day average — breadth over the last year; 50% is the participation midpoint
New highs & new lows — by horizon
How many of the 104 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 | 22 (21%) | 32 (31%) | -10 |
| 1-Month | 7 (7%) | 19 (18%) | -12 |
| 3-Month | 7 (7%) | 8 (8%) | -1 |
| 6-Month | 7 (7%) | 6 (6%) | +1 |
| 52-Week | 7 (7%) | 5 (5%) | +2 |
| YTD | 7 (7%) | 6 (6%) | +1 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.82% | +0.37% | -1.45pp | 59 / 44 | 33 / 71 | 16 of 104 | ±3.43% |
| 5d | +2.36% | -0.91% | -3.27pp | 47 / 57 | 39 / 65 | 11 of 104 | ±7.5% |
| 21d | +8.16% | +1.23% | -6.93pp | 55 / 49 | 40 / 64 | 4 of 104 | ±24.01% |
| YTD | +35.65% | +6.18% | -29.47pp | 56 / 45 | 36 / 65 | 1 of 101 | ±85.4% |
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)
- ALAB+11.31%+0.11pp
- INTC+10.64%+0.1pp
- LSCC+9.91%+0.1pp
- CRDO+9.02%+0.09pp
- IFNNY+8.72%+0.08pp
- INOD-6.85%-0.07pp
- GBG.LSE-4.79%-0.05pp
- LNVGY-4.03%-0.04pp
- WDAY-4.02%-0.04pp
- WTKWY-3.61%-0.03pp
This month (21d)
- ARM+96.93%+0.93pp
- LNVGY+87.94%+0.84pp
- MRVL+76.20%+0.73pp
- DELL+74.06%+0.71pp
- ALAB+70.75%+0.68pp
- INTU-33.20%-0.32pp
- KC-31.05%-0.3pp
- ZS-28.76%-0.28pp
- BABA-21.04%-0.2pp
- PTC-20.97%-0.2pp
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)
- ARM+96.93%
- LNVGY+87.94%
- MRVL+76.20%
- DELL+74.06%
- ALAB+70.75%
- INTU-33.20%
- KC-31.05%
- ZS-28.76%
- BABA-21.04%
- PTC-20.97%
AEI — constituent leadership race
$100 in each covered AEI 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 — 104 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| NVDA NVIDIA (Vera) | 0.96% | 210.69 | +2.95% | +2.84% | -4.50% | +12.98% | 36 |
| AMD AMD | 0.96% | 537.37 | +4.86% | +10.02% | +29.78% | +150.92% | 86 |
| INTC Intel | 0.96% | 133.99 | +10.64% | +14.56% | +20.93% | +263.12% | 81 |
| ARM Arm | 0.96% | 439.46 | +4.91% | +28.41% | +96.93% | +302.03% | 99 |
| SFTBY SoftBank | 0.96% | 23.41 | +7.09% | +7.63% | +35.63% | — | 88 |
| FJTSY Fujitsu | 0.96% | 20.48 | +0.84% | -3.80% | -1.68% | -23.26% | 43 |
| AVGO Broadcom | 0.96% | 411.35 | +4.70% | +6.69% | +0.07% | +19.10% | 47 |
| MRVL Marvell | 0.96% | 310.58 | +7.27% | +10.64% | +76.20% | +265.92% | 97 |
| SMSN Samsung Electronics | 0.96% | 6010.00 | +7.32% | +18.54% | +33.91% | +191.52% | 88 |
| QCOM Qualcomm | 0.96% | 226.11 | +6.17% | +11.41% | +15.59% | +33.04% | 74 |
| STM STMicroelectronics | 0.96% | 78.39 | +6.86% | +0.35% | +28.03% | +203.06% | 84 |
| NXPI NXP | 0.96% | 313.27 | +5.05% | +3.54% | +6.45% | +45.07% | 59 |
| IFNNY Infineon | 0.96% | 95.23 | +8.72% | +3.34% | +26.70% | +118.20% | 83 |
| 2454.TW MediaTek | 0.96% | 4390.00 | -1.57% | +7.47% | +35.91% | +212.94% | 89 |
| SONY Sony | 0.96% | 20.33 | +0.44% | -3.88% | -10.68% | -20.59% | 15 |
| RNECF Renesas | 0.96% | 28.19 | +4.59% | +5.37% | +28.12% | +114.03% | 85 |
| LSCC Lattice Semiconductor | 0.96% | 153.72 | +9.91% | +7.60% | +23.73% | +108.92% | 82 |
| MCHP Microchip | 0.96% | 99.77 | +6.01% | +7.35% | +9.22% | +57.50% | 64 |
| NANO.PA NanoXplore | 0.96% | 30.40 | -0.91% | +4.83% | -17.70% | +55.90% | 6 |
| ALAB Astera Labs | 0.96% | 417.07 | +11.31% | +13.50% | +70.75% | +150.70% | 95 |
| CRDO Credo | 0.96% | 271.83 | +9.02% | +2.67% | +60.86% | +88.92% | 94 |
| CSCO Cisco | 0.96% | 119.54 | +1.88% | -1.88% | +3.61% | +56.86% | 54 |
| ANET Arista | 0.96% | 169.67 | +2.87% | +8.48% | +19.84% | +29.49% | 79 |
| TSM TSMC | 0.96% | 462.12 | +6.94% | +9.75% | +17.70% | +52.41% | 77 |
| HNHPF Hon Hai/Foxconn | 0.96% | 17.41 | +1.27% | +3.51% | +12.69% | +18.44% | 71 |
| COHR Coherent | 0.96% | 389.57 | +2.83% | +7.15% | +10.16% | +111.07% | 67 |
| LITE Lumentum | 0.96% | 850.00 | -2.30% | -4.45% | -4.50% | +130.61% | 34 |
| NOK Nokia | 0.96% | 13.49 | -2.46% | -4.26% | -1.32% | +110.00% | 44 |
| AMSSY ams OSRAM | 0.96% | 11.56 | -1.24% | +9.63% | -4.53% | +140.93% | 33 |
| AIXXF Aixtron | 0.96% | 68.90 | -0.28% | +7.66% | +16.29% | +238.91% | 75 |
| NBIS Nebius | 0.96% | 286.69 | +2.06% | +29.00% | +44.99% | +242.50% | 92 |
| CRWV CoreWeave | 0.96% | 117.95 | +2.38% | +23.20% | +18.17% | +64.71% | 78 |
| OVH.PA OVHcloud | 0.96% | 17.44 | +2.83% | +15.88% | +51.39% | +139.23% | 93 |
| DOCN DigitalOcean | 0.96% | 173.27 | -2.55% | -0.85% | +15.50% | +260.08% | 73 |
| ORCL Oracle | 0.96% | 184.29 | +0.41% | +0.10% | +1.56% | -4.87% | 50 |
| KC Kingsoft Cloud | 0.96% | 10.06 | -3.36% | -7.54% | -31.05% | -2.71% | 1 |
| BIDU Baidu | 0.96% | 111.76 | +0.13% | -3.75% | -18.83% | -14.47% | 5 |
| NET Cloudflare | 0.96% | 224.06 | -1.24% | -1.49% | +8.38% | +13.65% | 63 |
| FSLY Fastly | 0.96% | 17.90 | +2.81% | -5.19% | +9.41% | — | 65 |
| AKAM Akamai | 0.96% | 124.91 | -2.31% | -5.70% | -11.62% | +43.16% | 13 |
| EQIX Equinix | 0.96% | 1092.19 | +0.34% | +4.70% | +4.69% | +44.04% | 58 |
| DTEGY Deutsche Telekom | 0.96% | 30.93 | -0.16% | -5.33% | -8.95% | -2.35% | 21 |
| TEF.MC Telefónica | 0.96% | 3.71 | -0.62% | -2.22% | -9.05% | +6.18% | 20 |
| NTTYY NTT | 0.96% | 22.86 | -0.21% | -2.35% | -6.34% | -9.05% | 25 |
| SGAPY Singtel | 0.96% | 33.42 | -1.41% | +0.97% | -13.58% | -5.62% | 12 |
| RIGD.LSE Reliance (Jio) | 0.96% | 55.80 | -1.06% | +6.08% | +0.90% | -20.29% | 49 |
| KDDIY KDDI | 0.96% | 16.83 | -1.11% | -2.80% | -3.17% | +0.13% | 39 |
| ERIC Ericsson | 0.96% | 11.38 | -0.09% | -6.26% | -10.95% | +19.66% | 14 |
| P Everpure (fmr Pure Storage) | 0.96% | 74.61 | +2.67% | +7.60% | -1.87% | +11.34% | 42 |
| NTAP NetApp | 0.96% | 159.71 | +3.17% | -0.47% | +32.44% | +50.63% | 87 |
| TWLO Twilio | 0.96% | 186.17 | -1.03% | -9.90% | -4.99% | +30.88% | 31 |
| SNOW Snowflake | 0.96% | 232.29 | -0.95% | -3.37% | +37.00% | +5.89% | 90 |
| MDB MongoDB | 0.96% | 332.75 | -0.58% | -6.11% | -0.58% | -20.72% | 45 |
| PLTR Palantir | 0.96% | 128.47 | -1.65% | -1.99% | -5.02% | -27.72% | 30 |
| TDC Teradata | 0.96% | 30.88 | -2.71% | -5.85% | -5.42% | +1.45% | 28 |
| AMPL Amplitude | 0.96% | 6.53 | +0.00% | -5.09% | +2.67% | -43.61% | 52 |
| ESTC Elastic | 0.96% | 58.97 | +0.70% | -2.08% | +9.77% | -21.83% | 66 |
| CRM Salesforce | 0.96% | 151.78 | -2.09% | -8.81% | -15.41% | -42.56% | 10 |
| NOW ServiceNow | 0.96% | 95.04 | -0.46% | -7.80% | -6.67% | -37.96% | 24 |
| TEAM Atlassian | 0.96% | 82.72 | -1.98% | -7.26% | -4.50% | -48.98% | 35 |
| PATH UiPath | 0.96% | 10.27 | +0.39% | -3.57% | -2.65% | -37.34% | 41 |
| GTLB GitLab | 0.96% | 26.56 | +0.34% | -6.48% | +4.32% | -29.23% | 57 |
| SAP SAP | 0.96% | 155.22 | -2.25% | -5.15% | -13.19% | -36.10% | 13 |
| DDOG Datadog | 0.96% | 223.00 | -1.60% | -4.80% | +3.65% | +63.98% | 55 |
| DT Dynatrace | 0.96% | 41.42 | +0.41% | +2.60% | +3.65% | -4.43% | 56 |
| FROG JFrog | 0.96% | 82.72 | +1.68% | +5.40% | +17.12% | +32.44% | 76 |
| OKTA Okta | 0.96% | 117.81 | +4.23% | +0.26% | +37.47% | +36.24% | 91 |
| THLLY Thales | 0.96% | 53.15 | -0.74% | -4.37% | +1.72% | -0.29% | 51 |
| GBG.LSE GB Group | 0.96% | 191.00 | -4.79% | -4.08% | -16.41% | -25.68% | 7 |
| ZS Zscaler | 0.96% | 124.85 | +0.38% | -1.00% | -28.76% | -44.49% | 2 |
| CRWD CrowdStrike | 0.96% | 684.86 | +0.28% | -0.96% | +11.02% | +46.10% | 68 |
| PANW Palo Alto Networks | 0.96% | 287.78 | +2.00% | +2.95% | +19.84% | +56.23% | 80 |
| S SentinelOne | 0.96% | 15.02 | +1.49% | +1.76% | -14.95% | +0.13% | 11 |
| RBRK Rubrik | 0.96% | 70.22 | +1.42% | -1.72% | +9.16% | -8.19% | 63 |
| CHKP Check Point | 0.96% | 122.33 | +0.36% | -0.64% | -2.90% | -34.08% | 40 |
| TMICY Trend Micro | 0.96% | 36.76 | +1.26% | -5.16% | -4.35% | -11.38% | 37 |
| FTNT Fortinet | 0.96% | 144.73 | +0.41% | -0.23% | +13.39% | +82.26% | 72 |
| INTU Intuit | 0.96% | 267.00 | -0.77% | -3.58% | -33.20% | -59.49% | 0 |
| HUBS HubSpot | 0.96% | 176.03 | -0.38% | -5.58% | -15.45% | -56.14% | 9 |
| WDAY Workday | 0.96% | 116.93 | -4.02% | -10.42% | -9.59% | -45.56% | 18 |
| SHOP Shopify | 0.96% | 108.85 | +0.70% | -1.47% | +7.76% | -32.38% | 61 |
| DASTY Dassault Systèmes | 0.96% | 19.56 | -2.53% | -8.85% | -15.70% | -29.19% | 8 |
| SIEGY Siemens | 0.96% | 158.79 | +1.34% | +3.55% | +6.97% | +15.81% | 60 |
| PTC PTC | 0.96% | 114.75 | -1.87% | -3.07% | -20.97% | -34.13% | 4 |
| SYM Symbotic | 0.96% | 41.68 | +3.76% | -2.69% | -10.58% | -29.95% | 16 |
| IOT Samsara | 0.96% | 31.69 | +0.28% | -1.77% | +2.92% | -10.61% | 53 |
| LNVGY Lenovo | 0.96% | 60.95 | -4.03% | +2.66% | +87.94% | +157.28% | 98 |
| NIPNF NEC | 0.96% | 25.75 | +3.95% | +2.56% | -4.62% | -18.84% | 32 |
| DELL Dell | 0.96% | 409.50 | -2.34% | +4.61% | +74.06% | +227.74% | 96 |
| HPQ HP | 0.96% | 23.50 | +1.38% | -4.78% | +12.06% | +7.19% | 70 |
| TEM Tempus AI | 0.96% | 50.84 | +4.20% | +2.52% | +11.66% | -13.90% | 69 |
| VEEV Veeva | 0.96% | 153.30 | -1.00% | -5.11% | -6.13% | -31.33% | 26 |
| INOD Innodata | 0.96% | 95.50 | -6.85% | -9.36% | +8.29% | — | 62 |
| GOOGL Alphabet (TPU) | 0.96% | 368.03 | +1.17% | +2.87% | -5.06% | +17.66% | 29 |
| AMZN Amazon (Graviton/Inferentia/Trainium) | 0.96% | 244.39 | +2.90% | +1.19% | -5.76% | +5.88% | 27 |
| MSFT Microsoft (Cobalt/Maia) | 0.96% | 379.40 | +0.13% | -2.80% | -8.91% | -21.37% | 22 |
| AAPL Apple | 0.96% | 298.01 | +0.70% | +0.81% | -0.32% | +9.72% | 46 |
| META Meta Platforms | 0.96% | 577.22 | +1.70% | +1.64% | -4.21% | -12.48% | 38 |
| TCEHY Tencent | 0.96% | 56.10 | -1.31% | -5.20% | -4.28% | -26.25% | 38 |
| BABA Alibaba | 0.96% | 107.10 | -0.32% | -4.96% | -21.04% | -26.93% | 3 |
| RELX RELX | 0.96% | 31.18 | -2.59% | -5.83% | -7.15% | -21.35% | 23 |
| WTKWY Wolters Kluwer | 0.96% | 66.80 | -3.61% | -4.61% | -10.45% | -33.86% | 17 |
| TRI Thomson Reuters | 0.96% | 78.58 | -0.85% | -2.08% | -9.36% | -39.09% | 19 |
| SPGI S&P Global | 0.96% | 410.92 | -1.70% | -0.59% | +0.36% | -21.00% | 48 |
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.