Constituent dispersion · breadth vs the index
EXI — Global Industrials
Concentration 19.15% in top 5 60.61 effective names · HHI 165
RS vs S&P 500 21d -4.99pp sector return − SPY
RS vs Nasdaq-100 21d -7.40pp sector return − QQQ
Broad decline - breadth is falling with price. Last 21 sessions — price -2.93% · A/D -12 (-0.09/name)
EXI 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 | -1.33% | +0.47 | +16pp | +2.21pp | Improving |
| 1 month | -2.93% | -0.09 | +15pp | +2.00pp | Confirming ↓ |
| 1 quarter | -3.57% | -2.16 | +3pp | +0.20pp | Confirming ↓ |
Over the last 126 sessions: price down -3.19%, breadth down (-2.67/name) · % beating 42→62 · median−ETF -0.97pp→+1.64pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.18% | +0.39% | +0.57pp | 90 / 44 | 100 / 35 | 75 of 135 | ±1.35% |
| 5d | -1.33% | +0.00% | +1.33pp | 66 / 67 | 94 / 41 | 36 of 135 | ±3.35% |
| 21d | -2.93% | -1.29% | +1.64pp | 55 / 80 | 84 / 51 | 17 of 135 | ±5.97% |
| YTD | +8.03% | +4.08% | -3.95pp | 77 / 58 | 59 / 76 | 5 of 135 | ±23.94% |
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)
- SIE.XETRA+1.34%+0.03pp
- DE+1.88%+0.03pp
- UNP+1.16%+0.02pp
- ENR+0.98%+0.01pp
- HON+0.92%+0.01pp
- FIX-4.53%-0.03pp
- GEV-0.79%-0.02pp
- HWM-1.98%-0.02pp
- VRT-1.41%-0.02pp
- PWR-1.58%-0.02pp
This month (21d)
- GEV+4.13%+0.12pp
- SIE.XETRA+4.19%+0.1pp
- TT+7.92%+0.08pp
- PWR+6.80%+0.07pp
- REL.LSE+11.52%+0.07pp
- BA-9.95%-0.18pp
- GE-4.64%-0.15pp
- SU-8.85%-0.15pp
- RTX-5.57%-0.13pp
- CAT-2.35%-0.1pp
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)
- GNRC+16.78%
- WKL.AS+16.49%
- REL.LSE+11.52%
- DPLM.LSE+10.61%
- IR+8.45%
- JBHT-15.58%
- BLDR-13.63%
- AXON-13.54%
- EFX-12.82%
- VWS.CO-12.09%
EXI — constituent leadership race
$100 in each covered EXI 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 — 135 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CAT Caterpillar Inc | 4.13% | 799.37 | -0.14% | -5.75% | -2.35% | +40.13% | 43 |
| GE GE Aerospace | 3.25% | 308.64 | +0.14% | +0.75% | -4.64% | +0.34% | 27 |
| GEV GE Vernova Inc | 2.89% | 996.80 | -0.79% | +0.69% | +4.13% | +52.72% | 79 |
| RTX Rtx Corp | 2.42% | 186.66 | +0.37% | +1.26% | -5.57% | +2.12% | 23 |
| SIE.XETRA SIEMENS N AG | 2.31% | 275.75 | +1.34% | +0.27% | +4.19% | +17.76% | 79 |
| BA Boeing Company | 1.77% | 189.50 | -0.46% | -1.67% | -9.95% | -12.72% | 7 |
| SU Suncor Energy Inc | 1.70% | 265.35 | -0.39% | -2.73% | -8.85% | +12.96% | 10 |
| ABBN.SW ABB LTD | 1.65% | 80.02 | +0.48% | -2.06% | +1.73% | +37.12% | 69 |
| UNP Union Pacific Corp | 1.61% | 281.57 | +1.16% | +1.63% | -1.00% | +22.99% | 53 |
| UBER UBER Technologies Inc | 1.55% | 71.50 | -0.01% | +2.91% | -0.24% | -12.50% | 58 |
| ETN Eaton Corp | 1.52% | 426.69 | -0.69% | -1.37% | +0.31% | +34.38% | 61 |
| ENR Energizer Holdings Inc | 1.49% | 146.78 | +0.98% | +0.91% | +1.75% | +22.43% | 70 |
| HON Honeywell International | 1.46% | 209.64 | +0.92% | -2.10% | +3.60% | +3.85% | 77 |
| RR.LSE ROLLS-ROYCE HOLDINGS PLC | 1.40% | 1395.60 | +0.75% | -5.58% | -4.06% | +21.89% | 31 |
| DE Deere & Company | 1.38% | 632.61 | +1.88% | -7.27% | -6.38% | +36.28% | 18 |
| VRT Vertiv Holdings Llc. | 1.27% | 239.36 | -1.41% | -5.62% | -6.86% | +47.78% | 15 |
| AIR AAR Corp | 1.22% | 188.14 | +0.18% | -0.50% | -5.65% | -3.42% | 21 |
| PH Parker-Hannifin Corp | 1.12% | 956.89 | -0.59% | -1.93% | +0.70% | +9.32% | 63 |
| PWR Quanta Services | 1.10% | 694.79 | -1.58% | +1.66% | +6.80% | +64.69% | 91 |
| LMT Lockheed Martin Corp | 1.09% | 511.88 | +0.45% | +1.04% | -2.35% | +6.39% | 42 |
| HWM Howmet Aerospace Inc | 1.07% | 220.81 | -1.98% | -3.82% | -3.83% | +7.81% | 32 |
| TT Trane Technologies Plc | 1.02% | 477.55 | +0.12% | +1.44% | +7.92% | +23.28% | 95 |
| ADP Automatic Data Processing | 0.91% | 273.81 | +1.08% | +5.21% | +2.07% | +7.33% | 73 |
| CMI Cummins Inc | 0.91% | 527.86 | +0.85% | +0.86% | -5.19% | +4.08% | 25 |
| GD General Dynamics Corp | 0.88% | 335.46 | +1.26% | +1.62% | -5.74% | +0.52% | 21 |
| CSX CSX Corp | 0.88% | 47.75 | +1.04% | +0.67% | -2.45% | +32.16% | 41 |
| FDX Fedex Corp | 0.86% | 292.23 | +0.18% | +1.07% | -5.97% | +1.58% | 19 |
| JCI Johnson Controls Intl | 0.85% | 155.41 | -1.29% | -0.92% | +6.74% | +30.18% | 90 |
| WM Waste Management | 0.83% | 211.14 | +1.11% | +2.17% | -1.09% | -3.10% | 51 |
| MMM 3M Company | 0.82% | 160.89 | +0.58% | -1.41% | -2.47% | +0.94% | 40 |
| BA BAE SYSTEMS PLC | 0.81% | 189.50 | -0.46% | -1.67% | -9.95% | -12.72% | 7 |
| CP Canadian Pacific Kansas City Ltd | 0.80% | 85.53 | +1.27% | -0.31% | -4.15% | +16.66% | 29 |
| EMR Emerson Electric Company | 0.78% | 162.46 | +0.39% | +0.08% | +6.75% | +23.38% | 90 |
| NOC Northrop Grumman Corp | 0.75% | 485.00 | +0.89% | +1.87% | -6.55% | -14.67% | 16 |
| UPS United Parcel Service | 0.75% | 95.34 | +0.81% | +2.36% | -4.93% | -2.54% | 26 |
| DG Dollar General Corp | 0.73% | 126.54 | -0.54% | +6.58% | +1.57% | -3.83% | 68 |
| NSC Norfolk Southern Corp | 0.72% | 319.36 | +0.49% | +0.99% | -0.28% | +11.58% | 57 |
| TDG Transdigm Group Inc | 0.70% | 1119.94 | +1.08% | +2.50% | -1.79% | -15.78% | 46 |
| ITW Illinois Tool Works | 0.67% | 265.11 | +0.37% | +0.35% | -1.14% | +8.32% | 50 |
| FIX Comfort Systems USA | 0.66% | 1638.05 | -4.53% | -4.38% | -3.12% | +75.67% | 36 |
| REL.LSE RELX PLC | 0.62% | 2760.00 | +1.47% | +8.83% | +11.52% | -6.91% | 98 |
| URI United Rentals | 0.60% | 1056.92 | +0.05% | -1.62% | +6.85% | +31.16% | 92 |
| CTAS Cintas Corp | 0.60% | 205.23 | +1.39% | +5.03% | +1.85% | +9.38% | 71 |
| PCAR Paccar Inc | 0.59% | 108.13 | +0.08% | -1.12% | -11.90% | -0.70% | 4 |
| LHX L3Harris Technologies | 0.59% | 238.25 | +0.54% | +0.58% | -2.97% | -18.56% | 37 |
| GWW W.W. Grainger | 0.56% | 1306.73 | +1.31% | +1.55% | +2.09% | +30.01% | 73 |
| AME Ametek Inc | 0.53% | 249.89 | +0.53% | -0.81% | +3.47% | +21.91% | 76 |
| FAST Fastenal Company | 0.51% | 51.49 | +1.46% | +1.58% | +4.40% | +29.71% | 81 |
| ROK Rockwell Automation Inc | 0.51% | 433.97 | +0.32% | -4.66% | +1.30% | +12.27% | 67 |
| DAL Delta Air Lines Inc | 0.51% | 80.11 | -2.51% | -3.57% | +0.25% | +16.05% | 60 |
| CARR Carrier Global Corp | 0.50% | 55.42 | -0.25% | -0.56% | -3.55% | +5.71% | 34 |
| ATCO-A.ST ATLAS COPCO CLASS A | 0.48% | 212.50 | +1.24% | +1.77% | +4.78% | +29.82% | 83 |
| DSV.CO DSV | 0.48% | 1156.00 | -0.90% | -0.39% | -10.42% | -28.10% | 5 |
| LR.PA LEGRAND SA | 0.47% | 139.60 | +0.50% | -2.45% | -1.59% | +9.71% | 47 |
| WAB Wabtec Corp | 0.45% | 285.77 | +0.12% | -2.09% | +0.90% | +34.21% | 64 |
| RSG Republic Services | 0.43% | 219.75 | +1.32% | +3.25% | -1.34% | +4.29% | 49 |
| WCN Waste Connections Inc | 0.41% | 153.71 | +0.58% | -0.38% | -3.77% | -11.96% | 33 |
| SGO.PA COMPAGNIE DE SAINT GOBAIN SA | 0.40% | 65.20 | +0.40% | -1.39% | -8.84% | -25.02% | 10 |
| ODFL Old Dominion Freight Line | 0.39% | 181.91 | -0.03% | +1.42% | +1.18% | +16.18% | 67 |
| EME Emcor Group | 0.39% | 779.16 | -1.30% | -0.01% | -0.19% | +27.50% | 59 |
| ASSA-B.ST ASSA ABLOY B | 0.37% | 348.40 | -0.09% | -1.14% | +2.14% | -2.06% | 74 |
| FER Ferrovial N.V. | 0.33% | 50.34 | +0.38% | -2.89% | -10.35% | -22.09% | 6 |
| EXPN.LSE EXPERIAN PLC | 0.33% | 2698.00 | +0.60% | +9.41% | -3.02% | -19.40% | 36 |
| UAL United Airlines Holdings | 0.33% | 104.44 | -2.81% | -5.05% | -4.90% | -6.60% | 27 |
| VWS.CO VESTAS WIND SYSTEMS | 0.32% | 189.70 | +0.00% | -2.64% | -12.09% | +9.83% | 3 |
| AXON Axon Enterprise | 0.31% | 414.43 | -2.00% | +0.64% | -13.54% | -27.03% | 1 |
| CPRT Copart Inc | 0.31% | 26.48 | -3.07% | -4.23% | -11.59% | -32.36% | 4 |
| PAYX Paychex Inc | 0.31% | 104.64 | +0.63% | +4.87% | -9.64% | -5.75% | 8 |
| ACS.MC ACS ACTIVIDADES DE CONSTRUCCION Y | 0.31% | 92.20 | +1.49% | -2.38% | -6.16% | +9.19% | 19 |
| OTIS Otis Worldwide Corp | 0.29% | 66.75 | +1.21% | +1.32% | -3.40% | -22.77% | 35 |
| DOV Dover Corp | 0.29% | 190.88 | +1.09% | -0.22% | +0.97% | -1.77% | 65 |
| XYL Xylem Inc | 0.27% | 102.59 | -0.12% | +0.17% | -4.09% | -24.41% | 30 |
| ATCO-B.ST ATLAS COPCO CLASS B | 0.27% | 185.10 | +1.18% | +2.63% | +5.68% | +25.03% | 87 |
| IR Ingersoll Rand Inc | 0.26% | 79.09 | +0.43% | +0.69% | +8.45% | -0.11% | 96 |
| HUBB Hubbell Inc B | 0.25% | 474.05 | -0.01% | -1.37% | +2.96% | +7.35% | 75 |
| HO.PA THALES SA | 0.25% | 222.60 | +1.97% | -1.85% | -1.85% | -3.13% | 44 |
| VRSK Verisk Analytics Inc | 0.24% | 177.49 | -0.08% | +8.70% | +1.00% | -20.45% | 66 |
| KNEBV.HE KONE | 0.23% | 53.48 | +0.98% | +5.52% | +7.74% | -8.97% | 94 |
| DTG Dte Energy Company 2021 Sr E | 0.23% | 14.85 | -0.67% | -3.63% | -5.77% | -9.21% | 20 |
| VLTO Veralto Corporation | 0.22% | 98.20 | +1.31% | +1.69% | +4.36% | -1.43% | 80 |
| CHRW C.H. Robinson Ww | 0.22% | 139.75 | -1.80% | -0.61% | -8.53% | -12.47% | 11 |
| EXPD Expeditors Intl | 0.22% | 193.41 | +0.09% | -0.37% | +0.42% | +30.47% | 61 |
| GEBN.SW GEBERIT AG | 0.21% | 530.80 | +0.42% | -0.60% | -2.86% | -12.24% | 38 |
| AENA.MC AENA SME SA | 0.21% | 25.12 | +0.96% | -1.26% | +1.87% | +9.18% | 72 |
| VACN.SW VAT GROUP AG | 0.21% | 664.60 | -1.10% | -6.34% | +8.17% | +74.33% | 96 |
| LUV Southwest Airlines Company | 0.20% | 40.76 | -2.16% | -2.60% | +3.87% | -0.95% | 78 |
| EFX Equifax Inc | 0.20% | 147.33 | +1.06% | +3.32% | -12.82% | -31.68% | 2 |
| JBHT J B Hunt Transport | 0.20% | 228.31 | -0.41% | -0.62% | -15.58% | +17.93% | 0 |
| WRT1V.HE WARTSILA | 0.20% | 29.96 | +2.04% | +1.28% | +4.72% | +0.10% | 82 |
| SNA Snap-On Inc | 0.19% | 361.99 | +0.45% | -1.47% | -3.58% | +6.44% | 33 |
| SGSN.SW SGS SA | 0.19% | 97.00 | +0.58% | +3.19% | +5.11% | +10.89% | 85 |
| FTV Fortive Corp | 0.19% | 57.37 | +0.19% | -0.02% | +4.90% | +4.03% | 84 |
| BR Broadridge Financial Solutions | 0.18% | 166.41 | +0.58% | +4.61% | -0.79% | -25.02% | 54 |
| EPI-A.ST EPIROC CLASS A | 0.18% | 269.50 | +1.58% | +1.32% | +5.81% | +28.39% | 87 |
| WKL.AS WOLTERS KLUWER NV | 0.17% | 77.16 | +2.88% | +12.94% | +16.49% | -12.66% | 99 |
| LDOS Leidos Holdings Inc | 0.16% | 121.60 | -0.07% | +1.80% | -5.33% | -32.43% | 24 |
| ROL Rollins Inc | 0.16% | 32.07 | +0.28% | +8.02% | -7.66% | -46.22% | 13 |
| TXT Textron Inc | 0.16% | 75.78 | +2.18% | +0.04% | -6.44% | -13.05% | 17 |
| IEX Idex Corp | 0.16% | 235.77 | +0.63% | +0.20% | +5.16% | +33.46% | 86 |
| NDSN Nordson Corp | 0.16% | 330.44 | +0.69% | -1.19% | +5.08% | +37.86% | 84 |
| LII Lennox International | 0.16% | 356.72 | +0.08% | -1.23% | -2.55% | -26.32% | 39 |
| KOG.OL KONGSBERG GRUPPEN | 0.15% | 300.00 | +1.56% | -2.94% | -0.99% | +16.64% | 53 |
| RTO Rentokil Initial Plc ADR | 0.15% | 305.90 | +0.96% | +2.24% | -6.65% | -30.80% | 16 |
| GNRC Generac Holdings Inc | 0.15% | 218.37 | -2.92% | +1.47% | +16.78% | +60.13% | 99 |
| RYA.IR RYANAIR HOLDINGS PLC | 0.15% | 23.02 | +1.14% | -2.75% | +1.77% | -21.56% | 70 |
| MAS Masco Corp | 0.14% | 68.98 | +0.33% | +0.76% | +0.67% | +9.69% | 62 |
| J Jacobs Engineering Group | 0.14% | 139.43 | +0.20% | +0.55% | -1.71% | +5.87% | 47 |
| KRX.IR KINGSPAN GROUP PLC | 0.13% | 101.80 | +2.41% | -0.88% | -0.68% | +37.81% | 55 |
| DPLM.LSE DIPLOMA PLC | 0.13% | 7870.00 | +1.09% | +0.00% | +10.61% | +50.23% | 97 |
| METSO.HE METSO CORPORATION | 0.13% | 17.05 | +1.25% | +1.01% | -4.32% | +15.36% | 28 |
| HII Huntington Ingalls Industries | 0.13% | 264.03 | -0.29% | -0.92% | -5.60% | -21.78% | 22 |
| PNR Pentair Ltd | 0.12% | 52.33 | -0.27% | -0.85% | -7.51% | -49.47% | 13 |
| SWK Stanley Black & Decker | 0.12% | 88.65 | +0.09% | -1.15% | -0.66% | +20.67% | 56 |
| KNIN.SW KUEHNE UND NAGEL INTERNATIONAL AG | 0.12% | 228.60 | +0.04% | +3.91% | +7.53% | +38.17% | 93 |
| TRI Thomson Reuters Corp | 0.12% | 104.25 | +1.01% | +7.39% | +7.09% | -19.19% | 93 |
| ALLE Allegion Plc | 0.12% | 150.04 | -0.29% | -2.36% | -1.81% | -5.41% | 45 |
| BVI.PA BUREAU VERITAS SA | 0.11% | 27.23 | +0.52% | +3.42% | -2.12% | +3.71% | 44 |
| EN.PA BOUYGUES SA | 0.11% | 40.45 | +0.37% | -0.49% | -8.03% | -4.93% | 12 |
| SMIN Ishares MSCI India Small Cap ETF | 0.11% | 68.43 | +2.06% | +0.09% | -4.11% | -2.12% | 30 |
| BNZL.LSE BUNZL | 0.11% | 2730.00 | -0.29% | +4.12% | +6.39% | +34.48% | 89 |
| FGR.PA EIFFAGE SA | 0.11% | 99.72 | +1.01% | -0.58% | -7.15% | -15.39% | 14 |
| PAC Grupo Aeroportuario Del Pacifico ADR | 0.10% | 202.79 | +0.64% | -3.43% | -0.33% | -23.08% | 56 |
| EPI-B.ST EPIROC CLASS B | 0.10% | 227.20 | +1.43% | +1.52% | +4.70% | +22.70% | 81 |
| ADDT-B.ST ADDTECH CLASS B | 0.10% | 321.40 | -0.19% | -5.58% | -1.29% | -1.83% | 50 |
| SKA-B.ST SKANSKA B | 0.09% | 266.40 | +0.99% | +0.95% | +0.08% | +11.78% | 59 |
| CAE Cae Inc | 0.09% | 23.72 | -0.08% | +0.04% | -1.08% | -22.02% | 52 |
| BLDR Builders Firstsource | 0.08% | 52.14 | -1.34% | -6.27% | -13.63% | -49.32% | 1 |
| MRO Marathon Oil Corp | 0.08% | 449.80 | +1.19% | -5.33% | -5.50% | -22.84% | 24 |
| TREL-B.ST TRELLEBORG B | 0.08% | 455.20 | +0.44% | +1.34% | +0.71% | +18.33% | 64 |
| SPX.LSE SPIRAX GROUP PLC | 0.07% | 7275.00 | +0.07% | +0.00% | +6.13% | +8.43% | 88 |
| NIBE-B.ST NIBE INDUSTRIER CLASS B | 0.07% | 43.51 | -1.47% | -3.35% | -2.38% | +22.15% | 41 |
| IMCD.AS IMCD NV | 0.07% | 100.35 | -0.20% | +4.84% | +3.18% | +32.07% | 76 |
| LTM Latam Airlines Group S.A. ADR | 0.06% | 50.00 | -0.50% | -1.56% | -2.52% | -7.19% | 39 |
| AOS Smith A.O. Corp | 0.06% | 56.60 | +0.39% | -0.65% | -1.38% | -14.47% | 48 |
| ADEN.SW ADECCO GROUP AG | 0.03% | 21.88 | -8.22% | -7.60% | -9.36% | -0.36% | 9 |
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
EXI dispersion — data Q&A
Is EXI's move broad or carried by a few names (21 sessions)?
As of 2026-10-13: over 21 sessions the fund returned -2.93% while its median constituent returned -1.29% — a dispersion of 5.97 pp; 62% of 135 members beat the fund. Broad decline - breadth is falling with price.
How did EXI's members trade in the last session?
As of 2026-10-13: fund -0.18%, median member +0.39%, 90 advancers vs 44 decliners.
What does the dispersion page for EXI 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. 135 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.