Constituent dispersion · breadth vs the index
MXI — Global Materials
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 | -0.05% | -0.1 | -9pp | -0.59pp | Weakening |
| 1 month | -2.98% | -1.49 | +10pp | +2.18pp | Confirming ↓ |
| 1 quarter | +2.41% | -1.03 | -11pp | -1.79pp | Weakening |
Over the last 126 sessions: price down -3.14%, breadth down (-3.17/name) · % beating 35→48 · median−ETF -3.46pp→-0.02pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.34% | -0.02% | +0.32pp | 28 / 30 | 38 / 21 | 42 of 59 | ±1.09% |
| 5d | -0.05% | +0.17% | +0.21pp | 30 / 29 | 30 / 29 | 20 of 59 | ±2.91% |
| 21d | -2.98% | -3.00% | -0.02pp | 14 / 43 | 28 / 29 | 10 of 57 | ±6.81% |
| YTD | +13.63% | +8.85% | -4.78pp | 39 / 16 | 21 / 34 | 1 of 55 | ±21.61% |
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)
- LIN+0.75%+0.06pp
- AI+0.69%+0.03pp
- APD+0.93%+0.02pp
- ECL+0.88%+0.02pp
- HOLN.SW+1.20%+0.02pp
- SIKA.XETRA-3.23%-0.03pp
- NEM-0.59%-0.02pp
- AAL-1.10%-0.02pp
- ALB-2.73%-0.02pp
- FCX-0.54%-0.02pp
This month (21d)
- AI+10.15%+0.4pp
- LIN+4.53%+0.36pp
- FCX+3.12%+0.09pp
- GIVN.SW+9.39%+0.09pp
- ECL+3.21%+0.07pp
- NEM-7.62%-0.3pp
- VALE-11.23%-0.22pp
- WPM-10.39%-0.2pp
- CRH-8.47%-0.19pp
- AEM-6.08%-0.18pp
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)
- AI+10.15%
- JMAT.LSE+9.93%
- DSFIR.SW+9.41%
- GIVN.SW+9.39%
- SCCO+7.86%
- MOS-25.17%
- ALB-16.18%
- CF-13.89%
- NTR-13.32%
- YAR.OL-11.47%
MXI — constituent leadership race
$100 in each covered MXI 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 — 59 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| LIN Linde Plc | 7.90% | 487.35 | +0.75% | +1.03% | +4.53% | +14.68% | 86 |
| BHP Bhp Billiton Ltd ADR | 7.04% | 86.72 | -0.02% | -0.13% | -0.49% | +46.48% | 68 |
| AI C3.Ai Inc Cl A | 3.96% | 11.61 | +0.69% | +4.69% | +10.15% | -13.87% | 98 |
| NEM Newmont Mining Corp | 3.89% | 117.15 | -0.59% | +1.15% | -7.62% | +17.84% | 21 |
| RIO Rio Tinto Plc ADR | 3.65% | 7144.00 | +0.25% | -0.54% | -3.12% | +22.44% | 44 |
| FCX Freeport-Mcmoran Inc | 2.94% | 73.29 | -0.54% | +0.95% | +3.12% | +44.98% | 82 |
| AEM Agnico-Eagle Mines Ltd | 2.93% | 188.18 | -0.44% | +2.65% | -6.08% | +11.72% | 30 |
| GLEN.LSE GLENCORE PLC | 2.41% | 586.30 | +0.29% | +2.99% | -3.17% | +44.23% | 40 |
| SHW Sherwin-Williams Company | 2.35% | 320.21 | +0.27% | +0.55% | -0.96% | -0.96% | 67 |
| CRH CRH Plc ADR | 2.23% | 81.05 | -0.60% | -1.94% | -8.47% | -34.59% | 18 |
| APD Air Products and Chemicals | 2.13% | 283.87 | +0.93% | +1.58% | -2.59% | +16.48% | 53 |
| ECL Ecolab Inc | 2.10% | 284.30 | +0.88% | +2.61% | +3.21% | +8.59% | 84 |
| AAL American Airlines Gp | 1.97% | 12.62 | -1.10% | -1.64% | -3.00% | -17.68% | 49 |
| VALE Vale S.A. ADR | 1.94% | 13.52 | -0.73% | -4.45% | -11.23% | +6.72% | 9 |
| WPM Wheaton Precious Metals | 1.90% | 138.11 | -0.39% | +1.35% | -10.39% | +18.04% | 14 |
| CTVA Corteva Inc | 1.75% | 13.30 | +0.45% | +7.34% | — | — | — |
| NUE Nucor Corp | 1.70% | 251.83 | +0.60% | +0.17% | -2.93% | +54.92% | 51 |
| RIO Rio Tinto Plc ADR | 1.58% | 7144.00 | +0.25% | -0.54% | -3.12% | +22.44% | 44 |
| HOLN.SW HOLCIM LTD AG | 1.52% | 64.26 | +1.20% | -1.05% | -8.77% | -15.37% | 16 |
| FNV Franco Nev Corp | 1.43% | 245.75 | +0.37% | +2.06% | -7.61% | +19.01% | 23 |
| VMC Vulcan Materials Company | 1.14% | 245.15 | +0.23% | -0.17% | -3.00% | -13.71% | 47 |
| K Kellanova | 1.13% | 83.44 | +0.00% | +0.35% | — | — | — |
| NTR Nutrien Ltd | 1.11% | 68.00 | +0.77% | -3.22% | -13.32% | +11.98% | 5 |
| MLM Martin Marietta Materials | 1.07% | 477.18 | -0.24% | -1.71% | -6.43% | -23.16% | 28 |
| STLD Steel Dynamics Inc | 1.05% | 239.14 | +0.32% | -0.79% | -0.27% | +41.56% | 74 |
| SIKA.XETRA SIKA AG | 0.96% | 181.15 | -3.23% | -3.75% | -7.39% | +6.11% | 25 |
| GIVN.SW GIVAUDAN SA | 0.95% | 3461.00 | +0.61% | +2.37% | +9.39% | +13.05% | 93 |
| DOW Dow Inc | 0.85% | 28.12 | -1.06% | -1.37% | -3.13% | +22.94% | 42 |
| HEI Heico Corp | 0.83% | 297.09 | -0.40% | -1.49% | -5.98% | -8.16% | 32 |
| PPG PPG Industries | 0.79% | 103.71 | -0.24% | -1.48% | -1.70% | +2.47% | 60 |
| DSFIR.SW DSM FIRMENICH AG | 0.68% | 93.00 | -0.32% | +2.31% | +9.41% | — | 95 |
| ALB Albemarle Corp | 0.66% | 98.51 | -2.73% | -5.61% | -16.18% | -30.18% | 2 |
| SW Smurfit Westrock Plc | 0.65% | 41.07 | -0.53% | -3.16% | -4.97% | +8.37% | 33 |
| DD Dupont Denemours Inc | 0.63% | 129.37 | -0.48% | -1.01% | +1.87% | +8.13% | 79 |
| IFF International Flavors & Fragrances | 0.63% | 84.96 | +0.48% | +2.04% | +2.10% | +26.82% | 81 |
| PKG Packaging Corp of America | 0.63% | 227.82 | -1.17% | -0.65% | -2.18% | +11.12% | 54 |
| CF Cf Industries Holdings | 0.63% | 114.58 | +2.73% | -1.24% | -13.89% | +49.55% | 4 |
| ANTO.LSE ANTOFAGASTA PLC | 0.59% | 3800.00 | +0.80% | -0.99% | +0.26% | +15.90% | 75 |
| LYB Lyondellbasell Industries NV | 0.59% | 59.41 | -1.03% | +0.32% | -6.72% | +40.32% | 26 |
| AMCR Amcor Plc | 0.58% | 41.58 | -0.34% | -0.53% | -1.75% | — | 58 |
| IP International Paper Company | 0.55% | 31.74 | -1.18% | -0.97% | -7.63% | -17.41% | 19 |
| BOL.ST BOLIDEN | 0.53% | 548.40 | +0.40% | +4.66% | -0.29% | +8.85% | 72 |
| NHY.OL NORSK HYDRO | 0.51% | 78.00 | -1.14% | -3.82% | -10.90% | +2.63% | 11 |
| UPM.HE UPM-KYMMENE | 0.51% | 24.66 | +0.78% | +1.73% | -4.31% | +2.34% | 37 |
| BALL Ball Corporation | 0.49% | 59.19 | +1.25% | +3.64% | -1.19% | +12.49% | 61 |
| SCCO Southern Copper Corp | 0.49% | 208.69 | -0.25% | +1.66% | +7.86% | +49.60% | 91 |
| S32.LSE SOUTH32 LTD | 0.44% | 262.00 | -0.30% | +0.38% | +0.72% | +49.84% | 77 |
| AVY Avery Dennison Corp | 0.41% | 167.65 | -0.10% | -1.38% | -1.02% | -6.77% | 65 |
| SQM Sociedad Quimica Y Minera S.A. ADR | 0.37% | 62.47 | -2.25% | -5.10% | -10.60% | -8.54% | 12 |
| AKZA.AS AKZO NOBEL NV | 0.33% | 57.98 | +0.49% | +0.45% | -0.45% | +0.91% | 70 |
| YAR.OL YARA INTERNATIONAL | 0.31% | 400.40 | -3.19% | -3.21% | -11.47% | -3.29% | 7 |
| STERV.HE STORA ENSO CLASS R | 0.23% | 9.92 | +1.51% | +0.59% | -2.02% | -6.11% | 56 |
| MOS Mosaic Company | 0.23% | 18.85 | +0.59% | -11.46% | -25.17% | -20.29% | 0 |
| SCA-B.ST SVENSKA CELLULOSA B | 0.20% | 121.95 | +1.96% | +3.44% | +4.68% | +2.28% | 88 |
| CRDA.LSE CRODA INTERNATIONAL PLC | 0.18% | 3417.00 | +0.80% | +3.77% | +7.55% | +29.51% | 89 |
| SYENS.BR SYENSQO NV | 0.17% | 79.45 | -0.31% | +0.25% | -1.18% | +19.10% | 63 |
| JMAT.LSE JOHNSON MATTHEY PLC | 0.16% | 2458.00 | -0.41% | +2.16% | +9.93% | +5.94% | 96 |
| AKE.PA ARKEMA SA | 0.15% | 54.30 | -1.27% | -0.18% | -4.74% | +10.52% | 35 |
| MNDI.LSE MONDI PLC | 0.14% | 792.00 | +0.51% | +1.18% | -4.09% | -12.36% | 39 |
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
MXI dispersion — data Q&A
Is MXI's move broad or carried by a few names (21 sessions)?
As of 2026-10-13: over 21 sessions the fund returned -2.98% while its median constituent returned -3.00% — a dispersion of 6.81 pp; 49% of 57 members beat the fund. Broad decline - breadth is falling with price.
How did MXI's members trade in the last session?
As of 2026-10-13: fund -0.34%, median member -0.02%, 28 advancers vs 30 decliners.
What does the dispersion page for MXI 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. 59 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.