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 | -2.19% | -0.48 | +1pp | -1.23pp | Confirming ↓ |
| 1 month | +2.61% | +0.9 | -22pp | -4.87pp | Confirming ↑ |
| 1 quarter | +2.97% | +0.44 | -23pp | -4.50pp | Confirming ↑ |
Over the last 126 sessions: price up +11.92%, breadth up (+0.51/name) · % beating 44→39 · median−ETF -1.57pp→-3.53pp.
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 2026-10-12.
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 | 17 (28%) | 19 (31%) | -2 |
| 1-Month | 11 (18%) | 4 (7%) | +7 |
| 3-Month | 4 (7%) | 4 (7%) | +0 |
| 6-Month | 3 (5%) | 3 (5%) | +0 |
| 52-Week | 0 (0%) | 0 (0%) | +0 |
| YTD | 0 (0%) | 0 (0%) | +0 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.14% | +0.11% | -0.03pp | 31 / 28 | 30 / 31 | 28 of 61 | ±1.89% |
| 5d | -2.19% | -2.45% | -0.26pp | 21 / 40 | 29 / 32 | 14 of 61 | ±5.92% |
| 21d | +2.61% | -0.92% | -3.53pp | 30 / 31 | 24 / 37 | 4 of 61 | ±8.91% |
| YTD | +35.72% | +9.85% | -25.88pp | 38 / 22 | 18 / 42 | 1 of 60 | ±83.55% |
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)
- HAG.DE+5.80%+0.09pp
- NEM.DE+4.08%+0.06pp
- WKL.AS+2.88%+0.04pp
- RHM.DE+2.46%+0.04pp
- HO.PA+1.97%+0.03pp
- NBIS-4.98%-0.08pp
- ARM-4.15%-0.06pp
- YAR.OL-3.19%-0.05pp
- STM-3.03%-0.05pp
- IFX.DE-2.79%-0.04pp
This month (21d)
- ATS.VI+29.21%+0.45pp
- NEM.DE+20.12%+0.31pp
- P4O.DE+18.99%+0.29pp
- EVK.DE+18.14%+0.28pp
- WKL.AS+16.49%+0.25pp
- KGX.DE-21.53%-0.33pp
- MTRS.ST-12.15%-0.19pp
- VWS.CO-12.09%-0.19pp
- YAR.OL-11.47%-0.18pp
- SMHN.DE-10.36%-0.16pp
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)
- ATS.VI+29.21%
- NEM.DE+20.12%
- P4O.DE+18.99%
- EVK.DE+18.14%
- WKL.AS+16.49%
- KGX.DE-21.53%
- MTRS.ST-12.15%
- VWS.CO-12.09%
- YAR.OL-11.47%
- SMHN.DE-10.36%
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% | 1575.80 | -1.61% | -4.85% | +6.59% | +71.63% | 75 |
| ARM ARM Holdings | 1.54% | 255.24 | -4.15% | -15.73% | -3.61% | +133.50% | 28 |
| NBIS Nebius Group | 1.54% | 210.06 | -4.98% | -9.68% | -6.45% | +150.95% | 13 |
| MTRS.ST Munters Group | 1.54% | 129.40 | +1.73% | -3.61% | -12.15% | -24.43% | 2 |
| VACN.SW VAT Group | 1.54% | 664.60 | -1.10% | -6.34% | +8.17% | +74.33% | 82 |
| BESI.AS BE Semiconductor | 1.54% | 175.60 | -2.15% | -13.50% | -7.21% | +32.12% | 11 |
| SMHN.DE SUSS MicroTec | 1.54% | 64.00 | -2.74% | -12.69% | -10.36% | +63.52% | 7 |
| ASM.AS ASM International | 1.54% | 876.40 | -0.81% | -7.53% | +5.56% | +69.32% | 72 |
| PATH UiPath | 1.54% | 13.32 | -1.19% | +1.22% | -3.13% | -18.73% | 31 |
| BNTX BioNTech | 1.54% | 95.84 | -1.16% | -1.84% | -0.92% | +0.67% | 49 |
| AIXA.DE AIXTRON | 1.54% | 35.55 | -2.36% | -9.56% | -5.30% | +105.43% | 18 |
| IFX.DE Infineon | 1.54% | 57.22 | -2.79% | -9.85% | -2.29% | +52.82% | 36 |
| ATS.VI AT&S | 1.54% | 215.00 | +0.00% | -5.29% | +29.21% | +567.70% | 98 |
| MYCR.ST Mycronic | 1.54% | 337.80 | -1.34% | -4.85% | +5.43% | +52.98% | 70 |
| HAG.DE Hensoldt | 1.54% | 80.64 | +5.80% | -2.35% | +5.22% | +9.86% | 69 |
| SU.PA Schneider Electric | 1.54% | 265.35 | -0.39% | -2.73% | -8.85% | +12.96% | 8 |
| REL.L RELX | 1.54% | 2760.00 | +1.47% | +8.83% | +11.52% | -8.61% | 87 |
| ETN Eaton | 1.54% | 426.69 | -0.69% | -1.37% | +0.31% | +34.38% | 51 |
| ENR.DE Siemens Energy | 1.54% | 146.78 | +0.98% | +0.91% | +1.75% | +22.43% | 56 |
| SAP.DE SAP | 1.54% | 194.46 | +1.57% | +5.09% | +9.70% | -5.08% | 85 |
| SIE.DE Siemens AG | 1.54% | 275.75 | +1.34% | +0.27% | +4.19% | +17.76% | 64 |
| ABBN.SW ABB | 1.54% | 80.02 | +0.48% | -2.06% | +1.73% | +37.12% | 54 |
| SAF.PA Safran | 1.54% | 318.40 | +0.70% | -3.46% | -3.57% | +7.06% | 30 |
| DSY.PA Dassault Systèmes | 1.54% | 22.17 | +1.93% | +3.60% | +9.54% | -7.01% | 84 |
| SHL.DE Siemens Healthineers | 1.54% | 39.63 | +1.25% | +5.82% | +3.66% | -9.66% | 61 |
| HO.PA Thales | 1.54% | 222.60 | +1.97% | -1.85% | -1.85% | -3.13% | 41 |
| WKL.AS Wolters Kluwer | 1.54% | 77.16 | +2.88% | +12.94% | +16.49% | -12.66% | 92 |
| CAP.PA Capgemini | 1.54% | 115.35 | +0.26% | +6.41% | +12.10% | -18.91% | 89 |
| RHM.DE Rheinmetall | 1.54% | 962.20 | +2.46% | -1.84% | -2.87% | -38.36% | 34 |
| PHIA.AS Philips | 1.54% | 22.18 | +1.84% | +4.38% | +4.92% | -4.56% | 67 |
| STM STMicroelectronics | 1.54% | 50.48 | -3.03% | -12.48% | -2.00% | +95.16% | 39 |
| LR.PA Legrand | 1.54% | 139.60 | +0.50% | -2.45% | -1.59% | +9.71% | 44 |
| VWS.CO Vestas | 1.54% | 189.70 | +0.00% | -2.64% | -12.09% | +9.83% | 3 |
| PRY.MI Prysmian | 1.54% | 122.45 | -0.61% | -4.37% | -3.77% | +42.81% | 26 |
| ALFA.ST Alfa Laval | 1.54% | 582.40 | +0.83% | +2.64% | +6.24% | +27.15% | 74 |
| NEM.DE Nemetschek | 1.54% | 70.15 | +4.08% | +9.44% | +20.12% | -24.41% | 97 |
| KGX.DE Kion Group | 1.54% | 33.85 | -0.85% | -5.68% | -21.53% | -50.40% | 0 |
| NKT.CO NKT A/S | 1.54% | 867.00 | +0.93% | -3.18% | -6.22% | +8.58% | 15 |
| TEMN.SW Temenos | 1.54% | 70.00 | +1.30% | +3.78% | +2.26% | -12.06% | 57 |
| MELE.BR Melexis | 1.54% | 63.80 | -1.16% | -6.86% | -3.99% | +10.96% | 25 |
| TOM.OL Tomra Systems | 1.54% | 90.10 | -0.22% | -1.85% | -4.86% | -32.55% | 20 |
| COTN.SW Comet Holding | 1.54% | 351.80 | -0.68% | -7.71% | +2.51% | +56.61% | 59 |
| OXIG.L Oxford Instruments | 1.54% | 2966.00 | +0.27% | -2.69% | +7.46% | +44.68% | 80 |
| NOD.OL Nordic Semi | 1.54% | 173.50 | -1.53% | -7.96% | -0.97% | +30.16% | 48 |
| OVH.PA OVHcloud | 1.54% | 15.55 | +1.04% | -5.13% | +4.29% | +113.31% | 66 |
| KTN.VI Kontron AG | 1.54% | 20.46 | -0.68% | -3.76% | -4.21% | -10.11% | 21 |
| RR.L Rolls-Royce | 1.54% | 1395.60 | +0.75% | -5.58% | -4.06% | +21.89% | 23 |
| BAS.DE BASF | 1.54% | 51.27 | -0.79% | +2.05% | -1.08% | +20.53% | 46 |
| SGO.PA Saint-Gobain | 1.54% | 65.20 | +0.40% | -1.39% | -8.84% | -25.02% | 10 |
| EVK.DE Evonik | 1.54% | 21.10 | -1.22% | +1.93% | +18.14% | +57.93% | 93 |
| SY1.DE Symrise | 1.54% | 93.26 | +1.11% | +2.73% | +6.95% | +35.39% | 77 |
| SAN.PA Sanofi | 1.54% | 71.60 | +0.11% | +2.30% | -2.27% | -8.60% | 38 |
| AIR.PA Airbus | 1.54% | 188.14 | +0.18% | -0.50% | -5.65% | -3.42% | 16 |
| AFX.DE Carl Zeiss Meditec | 1.54% | 32.50 | +0.25% | +6.77% | +7.26% | -16.92% | 79 |
| SGE.L Sage Group | 1.54% | 1084.50 | +1.21% | +8.23% | +13.20% | +1.49% | 90 |
| INF.L Informa | 1.54% | 874.00 | -2.41% | +1.42% | -1.73% | -1.13% | 43 |
| YAR.OL Yara International | 1.54% | 400.40 | -3.19% | -3.21% | -11.47% | -3.29% | 5 |
| CEVI.ST CellaVision | 1.54% | 163.20 | +0.87% | -2.74% | +1.12% | +6.13% | 52 |
| TIETO.HE Tietoevry | 1.54% | 18.51 | +1.15% | +1.15% | -3.09% | +3.72% | 33 |
| P4O.DE Plan Optik | 1.54% | 8.52 | -0.47% | -8.78% | +18.99% | — | 95 |
| M7U.DE Nynomic | 1.54% | 25.40 | -2.31% | -7.30% | +3.67% | +158.13% | 62 |
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 2026-10-13: over 21 sessions the fund returned +2.61% while its median constituent returned -0.92% — a dispersion of 8.91 pp; 39% 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 2026-10-13: fund +0.14%, median member +0.11%, 31 advancers vs 28 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 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.