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 -2.50pp sector return − SPY
RS vs Nasdaq-100 21d -3.58pp sector return − QQQ
Weakening below the surface - the A/D line is falling while price holds up; leadership is narrowing. Last 21 sessions — price +1.23% · A/D -31 (-0.24/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 | -0.74% | -0.21 | +8pp | +0.24pp | Weakening |
| 1 month | +1.23% | -0.24 | -10pp | -2.34pp | Weakening |
| 1 quarter | +2.50% | +1.56 | +8pp | +1.43pp | Confirming ↑ |
Over the last 126 sessions: price up +0.01%, breadth down (-2.37/name) · % beating 51→47 · median−ETF +0.20pp→-1.18pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.72% | -0.19% | +0.52pp | 53 / 78 | 84 / 47 | 74 of 131 | ±1.53% |
| 5d | -0.74% | -0.67% | +0.07pp | 50 / 81 | 66 / 65 | 39 of 131 | ±2.78% |
| 21d | +1.23% | +0.06% | -1.18pp | 67 / 63 | 61 / 70 | 12 of 131 | ±7.42% |
| YTD | +13.88% | +11.38% | -2.50pp | 88 / 43 | 60 / 71 | 5 of 131 | ±19.98% |
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)
- UBER+2.43%+0.04pp
- SU+1.41%+0.02pp
- SIE.XETRA+1.01%+0.02pp
- ABBN.SW+1.03%+0.02pp
- DE+1.23%+0.02pp
- GEV-4.39%-0.13pp
- CAT-2.05%-0.08pp
- VRT-4.53%-0.06pp
- ETN-3.19%-0.05pp
- FIX-5.96%-0.04pp
This month (21d)
- UBER+12.01%+0.19pp
- VRT+13.00%+0.17pp
- SU+6.03%+0.1pp
- UNP+6.20%+0.1pp
- ADP+8.95%+0.08pp
- GEV-7.13%-0.21pp
- HON-9.85%-0.14pp
- GE-3.51%-0.11pp
- CMI-10.76%-0.1pp
- PWR-8.40%-0.09pp
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)
- KRX.IR+29.90%
- LDOS+25.13%
- VWS.CO+19.93%
- BR+18.65%
- NIBE-B.ST+14.71%
- LUV-13.07%
- FGR.PA-11.17%
- EN.PA-10.86%
- CMI-10.76%
- FIX-10.55%
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 — 131 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CAT Caterpillar Inc | 4.13% | 800.25 | -2.05% | -3.34% | -1.10% | +40.28% | 42 |
| GE GE Aerospace | 3.25% | 342.58 | -0.04% | -1.66% | -3.51% | +11.38% | 27 |
| GEV GE Vernova Inc | 2.89% | 911.93 | -4.39% | -4.69% | -7.13% | +39.72% | 10 |
| RTX Rtx Corp | 2.42% | 211.71 | -0.17% | +0.86% | -1.25% | +15.82% | 41 |
| SIE.XETRA SIEMENS N AG | 2.31% | 289.85 | +1.01% | +3.39% | +3.11% | +23.78% | 66 |
| BA Boeing Company | 1.77% | 209.82 | -0.03% | -2.04% | -5.02% | -3.36% | 18 |
| SU Suncor Energy Inc | 1.70% | 301.75 | +1.41% | +1.67% | +6.03% | +28.46% | 79 |
| ABBN.SW ABB LTD | 1.65% | 80.10 | +1.03% | -0.12% | +1.83% | +37.26% | 56 |
| UNP Union Pacific Corp | 1.61% | 307.41 | -0.08% | -0.21% | +6.20% | +34.28% | 79 |
| UBER UBER Technologies Inc | 1.55% | 78.82 | +2.43% | +0.03% | +12.01% | -3.54% | 92 |
| ETN Eaton Corp | 1.52% | 402.78 | -3.19% | -3.92% | +4.36% | +26.85% | 70 |
| ENR Energizer Holdings Inc | 1.49% | 149.70 | -0.36% | -2.39% | +2.42% | +24.87% | 63 |
| HON Honeywell International | 1.46% | 217.43 | -1.34% | +0.71% | -9.85% | +7.71% | 5 |
| RR.LSE ROLLS-ROYCE HOLDINGS PLC | 1.40% | 1530.20 | +0.03% | +1.86% | +4.99% | +33.65% | 74 |
| DE Deere & Company | 1.38% | 630.33 | +1.23% | -2.65% | +5.15% | +35.78% | 76 |
| VRT Vertiv Holdings Llc. | 1.27% | 257.08 | -4.53% | -1.86% | +13.00% | +58.72% | 92 |
| AIR AAR Corp | 1.22% | 203.05 | -0.17% | -0.32% | -0.47% | +4.23% | 44 |
| PH Parker-Hannifin Corp | 1.12% | 995.02 | -1.60% | -0.67% | +3.35% | +13.67% | 68 |
| PWR Quanta Services | 1.10% | 602.70 | -3.08% | -5.73% | -8.40% | +42.86% | 8 |
| LMT Lockheed Martin Corp | 1.09% | 563.85 | -0.36% | +0.05% | -1.79% | +17.19% | 37 |
| HWM Howmet Aerospace Inc | 1.07% | 264.85 | -1.05% | -2.51% | -4.44% | +29.31% | 21 |
| TT Trane Technologies Plc | 1.02% | 448.96 | -1.18% | -0.99% | +1.97% | +15.90% | 57 |
| ADP Automatic Data Processing | 0.91% | 287.48 | +0.98% | +2.38% | +8.95% | +12.68% | 85 |
| CMI Cummins Inc | 0.91% | 564.85 | -1.57% | -3.88% | -10.76% | +11.38% | 2 |
| GD General Dynamics Corp | 0.88% | 379.32 | -0.19% | -1.29% | -0.75% | +13.66% | 44 |
| CSX CSX Corp | 0.88% | 51.28 | -0.50% | -0.60% | +2.17% | +41.93% | 60 |
| FDX Fedex Corp | 0.86% | 330.88 | -0.16% | +1.78% | +7.24% | +15.01% | 82 |
| JCI Johnson Controls Intl | 0.85% | 139.59 | -1.84% | -2.42% | -2.98% | +16.93% | 31 |
| WM Waste Management | 0.83% | 219.66 | +0.87% | -1.96% | -2.95% | +0.81% | 32 |
| MMM 3M Company | 0.82% | 174.34 | -2.51% | -2.16% | -0.98% | +9.38% | 43 |
| BA BAE SYSTEMS PLC | 0.81% | 209.82 | -0.03% | -2.04% | -5.02% | -3.36% | 18 |
| EMR Emerson Electric Company | 0.78% | 155.18 | -1.60% | -1.32% | +4.40% | +17.85% | 71 |
| NOC Northrop Grumman Corp | 0.75% | 545.57 | +0.08% | -0.99% | +2.00% | -4.01% | 58 |
| UPS United Parcel Service | 0.75% | 105.33 | -0.33% | +3.25% | +0.06% | +7.67% | 50 |
| DG Dollar General Corp | 0.73% | 122.89 | -2.38% | -0.42% | -3.62% | -6.61% | 26 |
| NSC Norfolk Southern Corp | 0.72% | 348.68 | +0.22% | -0.58% | +4.83% | +21.83% | 72 |
| TDG Transdigm Group Inc | 0.70% | 1185.97 | -0.04% | -1.20% | -5.12% | -10.82% | 18 |
| ITW Illinois Tool Works | 0.67% | 280.10 | -0.56% | -0.78% | -1.27% | +14.44% | 40 |
| FIX Comfort Systems USA | 0.66% | 1518.73 | -5.96% | -8.27% | -10.55% | +62.88% | 3 |
| REL.LSE RELX PLC | 0.62% | 2672.00 | +0.15% | +2.30% | -0.11% | -9.88% | 46 |
| URI United Rentals | 0.60% | 1030.25 | -0.70% | -6.21% | -3.59% | +27.85% | 27 |
| CTAS Cintas Corp | 0.60% | 204.18 | +0.01% | +0.19% | -1.26% | +8.82% | 40 |
| PCAR Paccar Inc | 0.59% | 125.34 | -0.95% | -4.34% | -6.29% | +15.11% | 13 |
| LHX L3Harris Technologies | 0.59% | 262.82 | +0.32% | -1.47% | -3.34% | -10.16% | 28 |
| GWW W.W. Grainger | 0.56% | 1306.30 | -1.12% | -0.45% | -3.63% | +29.97% | 25 |
| AME Ametek Inc | 0.53% | 236.25 | -3.05% | -1.38% | -1.57% | +15.25% | 37 |
| FAST Fastenal Company | 0.51% | 49.78 | -2.66% | -2.89% | +6.69% | +25.40% | 81 |
| ROK Rockwell Automation Inc | 0.51% | 430.86 | -0.49% | -1.42% | -8.52% | +11.47% | 7 |
| DAL Delta Air Lines Inc | 0.51% | 80.07 | -1.32% | -2.84% | -9.62% | +16.00% | 6 |
| CARR Carrier Global Corp | 0.50% | 58.79 | -0.08% | -2.62% | -4.24% | +12.14% | 23 |
| ATCO-A.ST ATLAS COPCO CLASS A | 0.48% | 207.90 | -0.29% | +1.56% | +3.85% | +27.01% | 69 |
| DSV.CO DSV | 0.48% | 1373.00 | +1.59% | -1.82% | -3.28% | -14.61% | 29 |
| LR.PA LEGRAND SA | 0.47% | 139.65 | +2.38% | +3.71% | +6.85% | +9.74% | 82 |
| WAB Wabtec Corp | 0.45% | 292.23 | -1.70% | -1.79% | -0.08% | +37.24% | 47 |
| RSG Republic Services | 0.43% | 222.11 | +1.30% | +0.65% | +5.10% | +5.41% | 76 |
| WCN Waste Connections Inc | 0.41% | 165.93 | +0.15% | -2.05% | +0.01% | -4.97% | 49 |
| SGO.PA COMPAGNIE DE SAINT GOBAIN SA | 0.40% | 79.78 | +0.40% | -1.75% | +4.92% | -8.26% | 73 |
| ODFL Old Dominion Freight Line | 0.39% | 198.63 | -0.71% | -3.80% | -6.51% | +26.85% | 12 |
| EME Emcor Group | 0.39% | 740.17 | -4.50% | -4.69% | -7.75% | +21.12% | 9 |
| ASSA-B.ST ASSA ABLOY B | 0.37% | 357.20 | +0.17% | +0.79% | +1.85% | +0.42% | 56 |
| FER Ferrovial N.V. | 0.33% | 58.73 | -0.07% | -6.53% | -9.81% | -9.10% | 5 |
| EXPN.LSE EXPERIAN PLC | 0.33% | 3044.00 | -0.03% | +3.22% | +5.04% | -9.07% | 75 |
| UAL United Airlines Holdings | 0.33% | 110.60 | -1.59% | -2.27% | -10.49% | -1.09% | 4 |
| VWS.CO VESTAS WIND SYSTEMS | 0.32% | 211.50 | -2.40% | +1.54% | +19.93% | +22.45% | 98 |
| AXON Axon Enterprise | 0.31% | 600.73 | -1.71% | -4.30% | +14.36% | +5.78% | 95 |
| CPRT Copart Inc | 0.31% | 32.99 | +0.70% | -2.40% | +11.57% | -15.73% | 91 |
| PAYX Paychex Inc | 0.31% | 127.04 | +0.44% | +2.06% | +9.21% | +14.42% | 87 |
| ACS.MC ACS ACTIVIDADES DE CONSTRUCCION Y | 0.31% | 103.40 | -0.19% | -1.52% | -5.66% | +22.46% | 15 |
| OTIS Otis Worldwide Corp | 0.29% | 71.74 | +0.36% | +0.35% | +0.07% | -16.99% | 51 |
| DOV Dover Corp | 0.29% | 198.68 | -1.56% | -1.60% | -2.64% | +2.25% | 34 |
| XYL Xylem Inc | 0.27% | 111.31 | -1.19% | -1.49% | -4.72% | -17.99% | 20 |
| ATCO-B.ST ATLAS COPCO CLASS B | 0.27% | 181.00 | -0.19% | +1.66% | +3.08% | +22.26% | 66 |
| IR Ingersoll Rand Inc | 0.26% | 78.58 | -0.49% | -2.40% | -6.81% | -0.76% | 11 |
| HUBB Hubbell Inc B | 0.25% | 459.66 | -2.26% | -2.21% | -2.96% | +4.09% | 31 |
| HO.PA THALES SA | 0.25% | 244.70 | -0.81% | -3.32% | +0.58% | +6.48% | 53 |
| VRSK Verisk Analytics Inc | 0.24% | 191.77 | +0.39% | +2.28% | -4.28% | -14.05% | 22 |
| KNEBV.HE KONE | 0.23% | 52.30 | -1.21% | +0.77% | +5.85% | -10.97% | 77 |
| VLTO Veralto Corporation | 0.22% | 98.56 | +0.19% | -0.21% | +4.07% | -1.07% | 69 |
| CHRW C.H. Robinson Ww | 0.22% | 150.39 | -0.50% | +6.19% | +2.36% | -5.81% | 62 |
| EXPD Expeditors Intl | 0.22% | 190.97 | +0.13% | +1.68% | +14.35% | +28.82% | 94 |
| GEBN.SW GEBERIT AG | 0.21% | 577.80 | +0.07% | -0.31% | +9.02% | -4.47% | 86 |
| AENA.MC AENA SME SA | 0.21% | 26.42 | -1.34% | -1.86% | -1.27% | +14.83% | 39 |
| VACN.SW VAT GROUP AG | 0.21% | 603.20 | -0.49% | -0.23% | -0.03% | +58.22% | 47 |
| LUV Southwest Airlines Company | 0.20% | 39.64 | -0.30% | -1.83% | -13.07% | -3.67% | 0 |
| EFX Equifax Inc | 0.20% | 194.35 | +2.10% | +0.90% | +10.34% | -9.88% | 89 |
| JBHT J B Hunt Transport | 0.20% | 261.03 | -0.90% | -5.24% | -2.87% | +34.84% | 33 |
| WRT1V.HE WARTSILA | 0.20% | 29.32 | -1.35% | -0.48% | -2.17% | -2.04% | 34 |
| SNA Snap-On Inc | 0.19% | 391.86 | -1.01% | -0.39% | -4.20% | +15.22% | 24 |
| SGSN.SW SGS SA | 0.19% | 93.44 | +0.13% | +0.97% | -3.09% | +6.82% | 30 |
| FTV Fortive Corp | 0.19% | 59.69 | -0.38% | -0.65% | +2.07% | +8.23% | 59 |
| BR Broadridge Financial Solutions | 0.18% | 183.64 | +0.31% | +0.80% | +18.65% | -17.26% | 97 |
| EPI-A.ST EPIROC CLASS A | 0.18% | 268.60 | -1.72% | +2.40% | +10.67% | +27.97% | 90 |
| WKL.AS WOLTERS KLUWER NV | 0.17% | 70.22 | +0.14% | -1.40% | +2.09% | -20.51% | 60 |
| LDOS Leidos Holdings Inc | 0.16% | 140.66 | +0.57% | -0.52% | +25.13% | -21.84% | 98 |
| ROL Rollins Inc | 0.16% | 36.38 | +1.22% | -1.44% | -5.14% | -39.00% | 17 |
| TXT Textron Inc | 0.16% | 83.04 | +0.84% | +0.11% | -4.65% | -4.72% | 21 |
| IEX Idex Corp | 0.16% | 230.28 | -1.58% | -1.75% | -1.49% | +30.35% | 38 |
| NDSN Nordson Corp | 0.16% | 324.59 | -1.89% | -2.30% | +9.94% | +35.42% | 88 |
| LII Lennox International | 0.16% | 393.39 | +0.57% | -2.35% | -5.76% | -18.75% | 14 |
| KOG.OL KONGSBERG GRUPPEN | 0.15% | 312.30 | -0.98% | -0.83% | +5.90% | +21.42% | 78 |
| RTO Rentokil Initial Plc ADR | 0.15% | 345.70 | +0.38% | +0.44% | -1.79% | -21.79% | 36 |
| GNRC Generac Holdings Inc | 0.15% | 183.80 | -6.84% | -10.77% | -4.23% | +34.78% | 24 |
| RYA.IR RYANAIR HOLDINGS PLC | 0.15% | 23.52 | +1.60% | +2.04% | -5.57% | -19.86% | 15 |
| MAS Masco Corp | 0.14% | 73.25 | +0.63% | +0.38% | +1.58% | +16.48% | 54 |
| J Jacobs Engineering Group | 0.14% | 151.98 | +0.90% | +1.27% | +14.49% | +15.40% | 95 |
| KRX.IR KINGSPAN GROUP PLC | 0.13% | 102.10 | -1.83% | +1.49% | +29.90% | +38.21% | 99 |
| DPLM.LSE DIPLOMA PLC | 0.13% | 7330.00 | +0.55% | +1.81% | +0.00% | +39.92% | 48 |
| METSO.HE METSO CORPORATION | 0.13% | 18.19 | -1.03% | +3.94% | +13.26% | +23.08% | 93 |
| HII Huntington Ingalls Industries | 0.13% | 294.21 | -1.04% | -0.88% | -8.03% | -12.84% | 8 |
| PNR Pentair Ltd | 0.12% | 61.67 | -0.69% | -4.24% | -6.80% | -40.45% | 11 |
| SWK Stanley Black & Decker | 0.12% | 97.80 | -1.45% | -2.22% | +2.35% | +33.13% | 61 |
| KNIN.SW KUEHNE UND NAGEL INTERNATIONAL AG | 0.12% | 219.90 | +1.34% | +0.23% | +7.85% | +32.91% | 84 |
| TRI Thomson Reuters Corp | 0.12% | 106.23 | +1.38% | +0.66% | +7.48% | -17.66% | 83 |
| ALLE Allegion Plc | 0.12% | 157.48 | -1.40% | -2.98% | +0.27% | -0.72% | 52 |
| BVI.PA BUREAU VERITAS SA | 0.11% | 27.39 | +0.04% | -0.58% | -1.86% | +4.32% | 35 |
| EN.PA BOUYGUES SA | 0.11% | 44.08 | +0.20% | -4.57% | -10.86% | +3.61% | 2 |
| SMIN Ishares MSCI India Small Cap ETF | 0.11% | 71.81 | -0.16% | +0.12% | +2.94% | +2.71% | 65 |
| BNZL.LSE BUNZL | 0.11% | 2792.00 | +0.36% | +1.38% | -0.14% | +37.54% | 45 |
| FGR.PA EIFFAGE SA | 0.11% | 109.70 | +0.83% | -7.03% | -11.17% | -6.92% | 1 |
| PAC Grupo Aeroportuario Del Pacifico ADR | 0.10% | 207.56 | -3.39% | -2.18% | -5.47% | -21.27% | 16 |
| EPI-B.ST EPIROC CLASS B | 0.10% | 228.60 | -1.47% | +2.79% | +10.65% | +23.46% | 89 |
| ADDT-B.ST ADDTECH CLASS B | 0.10% | 342.00 | +1.24% | +2.32% | +0.06% | +4.46% | 50 |
| SKA-B.ST SKANSKA B | 0.09% | 275.40 | +0.18% | +1.62% | +3.18% | +15.56% | 67 |
| BLDR Builders Firstsource | 0.08% | 67.72 | +0.76% | -3.55% | +2.59% | -34.18% | 63 |
| MRO Marathon Oil Corp | 0.08% | 515.20 | +1.22% | +9.55% | +8.42% | -11.62% | 85 |
| TREL-B.ST TRELLEBORG B | 0.08% | 443.00 | +0.54% | +3.07% | +4.88% | +15.16% | 73 |
| SPX.LSE SPIRAX GROUP PLC | 0.07% | 7110.00 | -0.42% | +0.71% | +1.72% | +5.97% | 55 |
| NIBE-B.ST NIBE INDUSTRIER CLASS B | 0.07% | 43.21 | +0.21% | +2.91% | +14.71% | +21.31% | 96 |
| IMCD.AS IMCD NV | 0.07% | 99.14 | +2.46% | +4.03% | +2.71% | +30.48% | 64 |
| AOS Smith A.O. Corp | 0.06% | 60.38 | -2.53% | -4.28% | +1.56% | -8.76% | 53 |
| ADEN.SW ADECCO GROUP AG | 0.03% | 24.32 | +0.66% | +2.36% | +6.67% | +10.75% | 80 |
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 2026-08-28: over 21 sessions the fund returned +1.23% while its median constituent returned +0.06% — a dispersion of 7.42 pp; 47% of 131 members beat the fund. Weakening below the surface - the A/D line is falling while price holds up; leadership is narrowing.
How did EXI's members trade in the last session?
As of 2026-08-28: fund -0.72%, median member -0.19%, 53 advancers vs 78 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. 131 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.