Constituent dispersion · breadth vs the index
EUROAI — Euro-AI Sovereign 50 (EW)
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 | -3.14% | +0.21 | +18pp | +3.41pp | Improving |
| 1 month | +2.11% | +2.18 | +3pp | -1.53pp | Confirming ↑ |
| 1 quarter | -3.61% | +0.41 | +30pp | +8.95pp | Improving |
Over the last 126 sessions: price up +24.13%, breadth up (+3.74/name) · % beating 46→62 · median−ETF -1.91pp→+1.72pp.
Stocks above their moving average — participation breadth
Of the 61 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 61 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 | 20 (33%) | 8 (13%) | +12 |
| 1-Month | 10 (16%) | 2 (3%) | +8 |
| 3-Month | 6 (10%) | 0 (0%) | +6 |
| 6-Month | 4 (7%) | 0 (0%) | +4 |
| 52-Week | 2 (3%) | 0 (0%) | +2 |
| YTD | 2 (3%) | 0 (0%) | +2 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -3.92% | +0.00% | +3.92pp | 30 / 30 | 58 / 3 | 3 of 61 | ±2.05% |
| 5d | -3.14% | -0.07% | +3.07pp | 29 / 31 | 53 / 8 | 8 of 61 | ±4.11% |
| 21d | +2.11% | +3.83% | +1.72pp | 48 / 12 | 38 / 23 | 11 of 61 | ±10.56% |
| YTD | +32.81% | +17.82% | -14.98pp | 43 / 17 | 21 / 39 | 1 of 60 | ±60.95% |
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)
- ATS.VI+5.04%+0.08pp
- P4O.DE+4.31%+0.07pp
- LR.PA+2.38%+0.04pp
- BAS.DE+1.96%+0.03pp
- YAR.OL+1.87%+0.03pp
- BNTX-8.37%-0.13pp
- ARM-6.33%-0.1pp
- NBIS-4.26%-0.07pp
- STM-3.82%-0.06pp
- ETN-3.19%-0.05pp
This month (21d)
- M7U.DE+58.25%+0.9pp
- PATH+46.73%+0.72pp
- SAP.DE+22.70%+0.35pp
- NEM.DE+21.98%+0.34pp
- VWS.CO+19.93%+0.31pp
- STM-6.94%-0.11pp
- KTN.VI-5.27%-0.08pp
- IFX.DE-4.02%-0.06pp
- MELE.BR-3.64%-0.06pp
- P4O.DE-3.20%-0.05pp
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)
- M7U.DE+58.25%
- PATH+46.73%
- SAP.DE+22.70%
- NEM.DE+21.98%
- VWS.CO+19.93%
- STM-6.94%
- KTN.VI-5.27%
- IFX.DE-4.02%
- MELE.BR-3.64%
- P4O.DE-3.20%
EUROAI — constituent leadership race
$100 in each covered EUROAI constituent at 2026-01-06, 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 — 61 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| ASML.AS ASML | 1.54% | 1494.40 | +0.54% | -0.77% | +3.78% | +62.76% | 48 |
| ARM ARM Holdings | 1.54% | 239.05 | -6.33% | -1.75% | -1.03% | +118.69% | 10 |
| NBIS Nebius Group | 1.54% | 209.18 | -4.26% | -4.54% | +11.01% | +149.90% | 82 |
| MTRS.ST Munters Group | 1.54% | 169.55 | +0.50% | -5.41% | +0.47% | -0.98% | 21 |
| VACN.SW VAT Group | 1.54% | 603.20 | -0.49% | -0.23% | -0.03% | +58.22% | 18 |
| BESI.AS BE Semiconductor | 1.54% | 197.50 | +1.28% | -7.19% | +0.00% | +48.59% | 20 |
| SMHN.DE SUSS MicroTec | 1.54% | 71.65 | -0.07% | -2.45% | -1.98% | +83.06% | 8 |
| ASM.AS ASM International | 1.54% | 825.80 | -0.19% | -0.55% | +4.72% | +59.54% | 56 |
| PATH UiPath | 1.54% | 18.15 | -0.98% | +10.74% | +46.73% | +10.74% | 97 |
| BNTX BioNTech | 1.54% | 102.08 | -8.37% | -12.43% | +9.94% | +7.22% | 79 |
| AIXA.DE AIXTRON | 1.54% | 36.60 | -1.32% | -2.89% | +6.24% | +111.50% | 70 |
| IFX.DE Infineon | 1.54% | 57.08 | -0.16% | +1.98% | -4.02% | +52.45% | 3 |
| ATS.VI AT&S | 1.54% | 154.20 | +5.04% | +9.67% | +14.73% | +378.88% | 90 |
| MYCR.ST Mycronic | 1.54% | 338.20 | +0.71% | +6.35% | +7.78% | +53.16% | 77 |
| HAG.DE Hensoldt | 1.54% | 87.20 | -2.26% | -2.35% | +3.83% | +18.80% | 49 |
| SU.PA Schneider Electric | 1.54% | 301.75 | +1.41% | +1.67% | +6.03% | +28.46% | 66 |
| REL.L RELX | 1.54% | 2672.00 | +0.15% | +2.30% | -0.11% | -11.52% | 16 |
| ETN Eaton | 1.54% | 402.78 | -3.19% | -3.92% | +4.36% | +26.85% | 51 |
| ENR.DE Siemens Energy | 1.54% | 149.70 | -0.36% | -2.39% | +2.42% | +24.87% | 39 |
| SAP.DE SAP | 1.54% | 191.32 | +0.76% | +1.70% | +22.70% | -6.62% | 95 |
| SIE.DE Siemens AG | 1.54% | 289.85 | +1.01% | +3.39% | +3.11% | +23.78% | 43 |
| ABBN.SW ABB | 1.54% | 80.10 | +1.03% | -0.12% | +1.83% | +37.26% | 33 |
| SAF.PA Safran | 1.54% | 344.20 | +0.29% | +0.17% | +1.15% | +15.74% | 28 |
| DSY.PA Dassault Systèmes | 1.54% | 23.09 | +0.09% | +2.94% | +14.25% | -3.15% | 89 |
| SHL.DE Siemens Healthineers | 1.54% | 39.52 | +0.66% | -1.69% | +6.24% | -9.91% | 69 |
| HO.PA Thales | 1.54% | 244.70 | -0.81% | -3.32% | +0.58% | +6.48% | 23 |
| WKL.AS Wolters Kluwer | 1.54% | 70.22 | +0.14% | -1.40% | +2.09% | -20.51% | 36 |
| CAP.PA Capgemini | 1.54% | 109.45 | -0.05% | -1.53% | +7.30% | -23.06% | 75 |
| RHM.DE Rheinmetall | 1.54% | 1154.60 | -1.59% | -0.07% | +1.32% | -26.03% | 30 |
| PHIA.AS Philips | 1.54% | 23.08 | -0.60% | -2.24% | +0.87% | -0.69% | 25 |
| STM STMicroelectronics | 1.54% | 49.38 | -3.82% | -2.33% | -6.94% | +90.90% | 0 |
| LR.PA Legrand | 1.54% | 139.65 | +2.38% | +3.71% | +6.85% | +9.74% | 72 |
| VWS.CO Vestas | 1.54% | 211.50 | -2.40% | +1.54% | +19.93% | +22.45% | 92 |
| PRY.MI Prysmian | 1.54% | 122.05 | -1.25% | -1.57% | +1.84% | +42.35% | 34 |
| ALFA.ST Alfa Laval | 1.54% | 577.20 | +0.10% | +2.85% | +3.40% | +26.01% | 46 |
| NEM.DE Nemetschek | 1.54% | 70.75 | -0.91% | +7.60% | +21.98% | -23.76% | 93 |
| KGX.DE Kion Group | 1.54% | 45.08 | +1.01% | +9.68% | +12.53% | -33.95% | 85 |
| NKT.CO NKT A/S | 1.54% | 933.00 | +0.32% | +0.00% | +4.54% | +16.84% | 54 |
| TEMN.SW Temenos | 1.54% | 75.45 | -1.18% | +1.41% | +11.94% | -5.21% | 84 |
| MELE.BR Melexis | 1.54% | 66.20 | +0.30% | +1.85% | -3.64% | +15.13% | 5 |
| TOM.OL Tomra Systems | 1.54% | 109.80 | +0.18% | +1.39% | +4.47% | -17.80% | 52 |
| COTN.SW Comet Holding | 1.54% | 342.00 | -1.72% | +0.53% | +1.48% | +52.25% | 31 |
| OXIG.L Oxford Instruments | 1.54% | 2840.00 | -0.56% | -0.21% | +3.35% | +38.54% | 44 |
| NOD.OL Nordic Semi | 1.54% | 167.70 | -1.24% | +2.82% | +5.74% | +25.81% | 64 |
| OVH.PA OVHcloud | 1.54% | 15.37 | +0.13% | -5.59% | +2.19% | +110.84% | 38 |
| KTN.VI Kontron AG | 1.54% | 22.30 | +0.00% | +1.09% | -5.27% | -2.02% | 2 |
| RR.L Rolls-Royce | 1.54% | 1530.20 | +0.03% | +1.86% | +4.99% | +33.65% | 59 |
| BAS.DE BASF | 1.54% | 52.52 | +1.96% | +1.65% | +2.50% | +23.46% | 41 |
| SGO.PA Saint-Gobain | 1.54% | 79.78 | +0.40% | -1.75% | +4.92% | -8.26% | 57 |
| EVK.DE Evonik | 1.54% | 18.79 | +1.46% | +2.23% | +7.07% | +40.64% | 74 |
| SY1.DE Symrise | 1.54% | 92.90 | +1.13% | +3.22% | +1.13% | +34.87% | 26 |
| SAN.PA Sanofi | 1.54% | 77.25 | -0.04% | -2.14% | +6.16% | -1.39% | 67 |
| AIR.PA Airbus | 1.54% | 203.05 | -0.17% | -0.32% | -0.47% | +4.23% | 15 |
| AFX.DE Carl Zeiss Meditec | 1.54% | 32.16 | -0.06% | -0.99% | +5.72% | -17.79% | 62 |
| SGE.L Sage Group | 1.54% | 1092.00 | -1.04% | -0.55% | +12.88% | +2.19% | 87 |
| INF.L Informa | 1.54% | 901.40 | +1.14% | +0.07% | -0.54% | +1.97% | 13 |
| YAR.OL Yara International | 1.54% | 446.40 | +1.87% | -0.82% | -0.89% | +7.83% | 11 |
| CEVI.ST CellaVision | 1.54% | 164.20 | -0.36% | +0.37% | +10.65% | +6.78% | 80 |
| TIETO.HE Tietoevry | 1.54% | 19.70 | +0.15% | +2.93% | +5.18% | +10.39% | 61 |
| P4O.DE Plan Optik | 1.54% | 7.26 | +4.31% | -8.10% | -3.20% | — | 7 |
| M7U.DE Nynomic | 1.54% | 23.50 | -2.49% | +8.29% | +58.25% | +138.82% | 98 |
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
EUROAI dispersion — data Q&A
Is EUROAI's move broad or carried by a few names (21 sessions)?
As of 2026-08-28: over 21 sessions the fund returned +2.11% while its median constituent returned +3.83% — a dispersion of 10.56 pp; 62% of 61 members beat the fund. Broad advance - breadth is rising with price.
How did EUROAI's members trade in the last session?
As of 2026-08-28: fund -3.92%, median member +0.00%, 30 advancers vs 30 decliners.
What does the dispersion page for EUROAI 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. 61 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.