Constituent dispersion · breadth vs the index
AIQ — Global X AI & Technology
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 | +1.25% | +0.03 | -9pp | -4.82pp | Confirming ↑ |
| 1 month | +9.42% | +1.65 | -15pp | -8.83pp | Confirming ↑ |
| 1 quarter | -4.60% | -2.23 | +26pp | +12.61pp | Confirming ↓ |
Over the last 126 sessions: price up +28.29%, breadth up (+1.59/name) · % beating 39→55 · median−ETF -3.02pp→+1.76pp.
Stocks above their moving average — participation breadth
Of the 66 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 2026-08-28.
New highs & new lows — by horizon
How many of the 66 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 (33%) | 9 (14%) | +13 |
| 1-Month | 12 (18%) | 1 (2%) | +11 |
| 3-Month | 9 (14%) | 1 (2%) | +8 |
| 6-Month | 7 (11%) | 0 (0%) | +7 |
| 52-Week | 1 (2%) | 0 (0%) | +1 |
| YTD | 3 (5%) | 0 (0%) | +3 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.50% | -0.54% | -0.04pp | 29 / 37 | 33 / 33 | 20 of 66 | ±2.83% |
| 5d | +1.25% | +1.31% | +0.07pp | 42 / 23 | 34 / 32 | 11 of 66 | ±5.63% |
| 21d | +9.42% | +11.18% | +1.76pp | 50 / 16 | 36 / 30 | 2 of 66 | ±15.67% |
| YTD | +26.27% | -3.47% | -29.73pp | 30 / 36 | 16 / 50 | 1 of 66 | ±55.94% |
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)
- AMZN+3.97%+0.1pp
- NFLX+2.35%+0.06pp
- AAPL+1.63%+0.05pp
- GOOGL+1.74%+0.05pp
- NOW+4.54%+0.04pp
- MRVL-10.28%-0.19pp
- INTC-2.85%-0.14pp
- NVDA-4.57%-0.13pp
- AMD-2.33%-0.12pp
- CSCO-1.98%-0.08pp
This month (21d)
- PLTR+52.37%+1.01pp
- CRM+41.66%+0.5pp
- ORCL+18.26%+0.47pp
- MU+6.65%+0.41pp
- MRVL+18.18%+0.33pp
- APP-21.32%-0.25pp
- AMD-4.08%-0.2pp
- HUT-26.65%-0.14pp
- AVGO-4.91%-0.14pp
- CSCO-3.20%-0.13pp
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)
- WIX+54.59%
- PLTR+52.37%
- PATH+46.73%
- CRM+41.66%
- SMCI+33.72%
- HUT-26.65%
- APP-21.32%
- CLS-15.28%
- DDOG-11.76%
- BIDU-9.64%
AIQ — constituent leadership race
$100 in each covered AIQ 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 — 66 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| MU Micron Technology | 6.15% | 932.86 | -0.27% | -3.51% | +6.65% | +226.99% | 38 |
| AMD Adv Micro Devices | 5.02% | 465.58 | -2.33% | -1.62% | -4.08% | +117.40% | 17 |
| INTC Intel Corp | 4.79% | 89.47 | -2.85% | -0.67% | -1.82% | +142.47% | 21 |
| CSCO Cisco Systems Inc | 4.05% | 109.93 | -1.98% | -1.00% | -3.20% | +44.25% | 18 |
| TSM Taiwan Semiconductor ADR | 3.22% | 417.52 | -2.29% | -0.34% | +3.52% | +37.70% | 32 |
| AAPL Apple Inc | 2.92% | 319.70 | +1.63% | +3.35% | -4.12% | +17.71% | 15 |
| AVGO Broadcom Ltd | 2.92% | 368.79 | -0.74% | +0.09% | -4.91% | +6.78% | 11 |
| NVDA Nvidia Corp | 2.76% | 217.55 | -4.57% | +1.32% | +11.54% | +16.79% | 52 |
| GOOGL Alphabet Cl A | 2.71% | 346.59 | +1.74% | +0.51% | +3.88% | +10.81% | 33 |
| ORCL Oracle Corp | 2.57% | 150.85 | -0.72% | +2.99% | +18.26% | -22.13% | 73 |
| AMZN Amazon.com Inc | 2.53% | 266.43 | +3.97% | +3.02% | +13.13% | +15.43% | 59 |
| NFLX Netflix Inc | 2.39% | 81.72 | +2.35% | +2.68% | +11.69% | -12.84% | 53 |
| TSLA Tesla Inc | 2.25% | 348.75 | -1.71% | -3.89% | +12.92% | -22.45% | 58 |
| META META Platforms Inc | 2.17% | 578.02 | +1.21% | +5.11% | +7.23% | -12.36% | 39 |
| MSFT Microsoft Corp | 2.15% | 513.53 | +1.68% | +6.27% | +13.84% | +6.43% | 61 |
| IBM Intl Business Machines | 1.96% | 235.59 | -1.34% | -0.04% | +6.25% | -20.01% | 36 |
| PLTR Palantir Technologies Cl A | 1.92% | 186.29 | +0.19% | +3.53% | +52.37% | +4.80% | 97 |
| MRVL Marvell Technology Inc | 1.83% | 216.62 | -10.28% | -8.61% | +18.18% | +155.22% | 71 |
| QCOM Qualcomm Inc | 1.75% | 164.19 | -0.36% | +2.14% | +8.30% | -3.39% | 44 |
| BABA Alibaba Group Holding ADR | 1.58% | 118.90 | +2.23% | -0.37% | +2.22% | -18.88% | 27 |
| STX Seagate Technology Holdings | 1.53% | 829.76 | -2.06% | -2.38% | -2.57% | +201.83% | 20 |
| SAP SAP Ag ADR | 1.44% | 221.54 | +0.17% | +1.31% | +22.48% | -8.80% | 80 |
| CRM Salesforce Inc | 1.20% | 256.00 | +1.57% | +22.39% | +41.66% | -3.12% | 94 |
| APP Applovin Corp Cl A | 1.18% | 317.76 | +1.64% | +3.92% | -21.32% | -52.84% | 2 |
| UBER UBER Technologies Inc | 1.10% | 78.82 | +2.43% | +0.03% | +12.01% | -3.54% | 55 |
| SHOP Shopify Inc | 1.02% | 152.90 | -0.93% | +2.45% | +24.92% | -5.01% | 88 |
| NOW Servicenow Inc | 0.82% | 144.71 | +4.54% | +12.63% | +31.47% | -5.54% | 91 |
| ACN Accenture Plc | 0.81% | 189.61 | +1.19% | +2.34% | +16.12% | -28.31% | 68 |
| CDNS Cadence Design Sys | 0.81% | 340.39 | -2.06% | +6.70% | +2.27% | +8.90% | 29 |
| SNPS Synopsys Inc | 0.67% | 442.61 | -4.79% | +11.24% | +18.88% | -5.77% | 76 |
| NOK Nokia Corp ADR | 0.66% | 10.21 | -3.59% | +0.00% | +12.32% | +58.94% | 56 |
| ADBE Adobe Systems Inc | 0.65% | 291.52 | +0.82% | +5.89% | +17.60% | -16.71% | 70 |
| SNOW Snowflake Inc Cl A | 0.61% | 328.00 | -0.34% | -1.44% | +10.03% | +49.53% | 45 |
| NXPI Nxp Semiconductors | 0.59% | 223.58 | -1.01% | -0.88% | -8.80% | +3.54% | 8 |
| DDOG Datadog Inc Cl A | 0.58% | 236.98 | -2.45% | +0.58% | -11.76% | +74.26% | 5 |
| HPE Hewlett Packard Enterprise | 0.56% | 52.33 | -3.82% | -2.10% | +11.01% | +119.26% | 48 |
| HUT Hut 8 Corp | 0.54% | 79.42 | -8.85% | -1.78% | -26.65% | +72.88% | 0 |
| TWLO Twilio | 0.40% | 237.78 | -1.48% | +5.54% | +24.53% | +67.17% | 86 |
| CLS Celestica Inc | 0.35% | 298.70 | -5.89% | +0.73% | -15.28% | +1.05% | 3 |
| OKTA Okta Inc Cl A | 0.32% | 166.23 | -3.86% | +23.01% | +18.38% | +92.24% | 74 |
| ERIC Ericsson ADR | 0.32% | 9.95 | -1.29% | -2.64% | +1.84% | +4.63% | 26 |
| CRWV Coreweave Inc Cl A | 0.30% | 84.23 | -2.96% | -4.12% | +13.98% | +17.62% | 62 |
| TDC Teradata Corp | 0.28% | 28.77 | +0.77% | +3.90% | -5.86% | -5.49% | 9 |
| TRI Thomson Reuters Corp | 0.27% | 106.23 | +1.38% | +0.66% | +7.48% | -17.66% | 41 |
| BIDU Baidu Inc ADR | 0.25% | 97.12 | +0.19% | +4.19% | -9.64% | -25.67% | 6 |
| DT Dynatrace Inc | 0.25% | 53.67 | +0.45% | +8.86% | +21.70% | +23.83% | 79 |
| AMBA Ambarella Inc | 0.24% | 70.63 | -0.74% | -4.20% | -4.67% | -0.30% | 12 |
| EXPN.LN Experian Plc | 0.24% | 3044.00 | -0.03% | +3.22% | +5.04% | -9.07% | 35 |
| SMCI Super Micro Computer | 0.23% | 37.08 | -3.59% | -0.43% | +33.72% | +26.68% | 92 |
| GEHC GE Healthcare Technologies | 0.23% | 71.72 | -1.04% | -4.14% | +2.55% | -12.47% | 30 |
| ZBRA Zebra Technologies | 0.23% | 356.45 | -1.29% | -3.27% | +23.52% | +46.80% | 82 |
| QUBT Quantum Computing Inc | 0.21% | 8.15 | -5.78% | -8.63% | +1.62% | -20.57% | 24 |
| AI C3.Ai Inc Cl A | 0.21% | 10.53 | +1.94% | +2.23% | +16.10% | -21.88% | 67 |
| WDAY Workday Inc | 0.21% | 204.72 | +5.76% | +2.35% | +29.48% | -4.68% | 89 |
| EFX Equifax Inc | 0.19% | 194.35 | +2.10% | +0.90% | +10.34% | -9.88% | 47 |
| PATH Uipath Inc Cl A | 0.17% | 18.15 | -0.98% | +10.74% | +46.73% | +10.74% | 95 |
| G Genpact Ltd | 0.17% | 38.02 | +1.31% | +2.37% | +7.61% | -18.33% | 42 |
| SNAP Snap Inc | 0.17% | 5.43 | +1.88% | +3.63% | +15.78% | -32.71% | 64 |
| ZS Zscaler Inc | 0.16% | 184.23 | -1.64% | +1.37% | +24.15% | -18.09% | 85 |
| SOUN Soundhound AI Inc Cl A | 0.16% | 7.11 | -1.52% | -2.87% | +15.80% | -28.69% | 65 |
| PEGA Pegasystems Inc | 0.16% | 36.17 | +0.78% | +7.78% | +20.45% | -39.36% | 77 |
| DXC Dxc Technology Company | 0.15% | 11.21 | +1.91% | +3.80% | -0.27% | -23.48% | 23 |
| GLOB Globant S.A. | 0.14% | 40.52 | +0.87% | +2.27% | +11.35% | -38.01% | 50 |
| WIX Wix.com Ltd | 0.14% | 87.62 | +2.17% | +6.76% | +54.59% | -15.66% | 98 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.14% | 7.49 | -1.45% | +0.40% | +23.60% | -5.79% | 83 |
| PONY Pony AI Inc ADR | 0.12% | 7.58 | +0.80% | -7.90% | -4.53% | -47.72% | 14 |
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
AIQ dispersion — data Q&A
Is AIQ's move broad or carried by a few names (21 sessions)?
As of 2026-08-28: over 21 sessions the fund returned +9.42% while its median constituent returned +11.18% — a dispersion of 15.67 pp; 55% of 66 members beat the fund. Broad advance - breadth is rising with price.
How did AIQ's members trade in the last session?
As of 2026-08-28: fund -0.50%, median member -0.54%, 29 advancers vs 37 decliners.
What does the dispersion page for AIQ 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. 66 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.