Constituent dispersion · breadth vs the index
WTAI — WisdomTree AI & Innovation
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 | -1.31% | -0.13 | -11pp | -3.31pp | Confirming ↓ |
| 1 month | +6.89% | +0.62 | -28pp | -15.54pp | Confirming ↑ |
| 1 quarter | -8.18% | -1.89 | +11pp | +13.65pp | Confirming ↓ |
Over the last 126 sessions: price up +34.61%, breadth up (+4.6/name) · % beating 32→52 · median−ETF -4.96pp→+1.20pp.
Stocks above their moving average — participation breadth
Of the 47 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 47 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 | 11 (23%) | 8 (17%) | +3 |
| 1-Month | 9 (19%) | 4 (9%) | +5 |
| 3-Month | 8 (17%) | 1 (2%) | +7 |
| 6-Month | 8 (17%) | 0 (0%) | +8 |
| 52-Week | 2 (4%) | 0 (0%) | +2 |
| YTD | 5 (11%) | 0 (0%) | +5 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -2.61% | -1.57% | +1.04pp | 15 / 31 | 28 / 19 | 13 of 47 | ±3.24% |
| 5d | -1.31% | +0.95% | +2.26pp | 29 / 18 | 33 / 14 | 6 of 47 | ±5.51% |
| 21d | +6.89% | +7.87% | +0.98pp | 33 / 14 | 24 / 23 | 3 of 47 | ±19.1% |
| YTD | +39.46% | +16.79% | -22.67pp | 34 / 13 | 18 / 29 | 0 of 47 | ±53.73% |
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)
- AMZN+3.97%+0.15pp
- GOOGL+1.74%+0.1pp
- NOW+4.54%+0.09pp
- MSFT+1.68%+0.05pp
- CHKP+3.82%+0.05pp
- NVDA-4.57%-0.19pp
- MRVL-10.28%-0.18pp
- DOCN-8.60%-0.11pp
- CLS-5.89%-0.09pp
- TER-4.59%-0.09pp
This month (21d)
- TEAM+95.54%+1.09pp
- PLTR+52.37%+0.75pp
- NOW+31.47%+0.63pp
- ORCL+18.26%+0.59pp
- CRM+41.66%+0.56pp
- CLS-15.28%-0.24pp
- CMI-10.76%-0.19pp
- AVGO-4.91%-0.15pp
- DDOG-11.76%-0.11pp
- DOCN-7.50%-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)
- TEAM+95.54%
- PLTR+52.37%
- CRM+41.66%
- MDB+37.05%
- GTLB+33.07%
- CLS-15.28%
- DDOG-11.76%
- CMI-10.76%
- LSCC-8.13%
- DOCN-7.50%
WTAI — constituent leadership race
$100 in each covered WTAI constituent at 2025-12-30, 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 — 47 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| GOOGL Alphabet Cl A | 5.66% | 346.59 | +1.74% | +0.51% | +3.88% | +10.81% | 36 |
| NVDA Nvidia Corp | 4.20% | 217.55 | -4.57% | +1.32% | +11.54% | +16.79% | 55 |
| MU Micron Technology | 4.02% | 932.86 | -0.27% | -3.51% | +6.65% | +226.99% | 47 |
| AMZN Amazon.com Inc | 3.81% | 266.43 | +3.97% | +3.02% | +13.13% | +15.43% | 62 |
| ORCL Oracle Corp | 3.24% | 150.85 | -0.72% | +2.99% | +18.26% | -22.13% | 79 |
| AVGO Broadcom Ltd | 3.12% | 368.79 | -0.74% | +0.09% | -4.91% | +6.78% | 13 |
| MSFT Microsoft Corp | 3.10% | 513.53 | +1.68% | +6.27% | +13.84% | +6.43% | 66 |
| TSM Taiwan Semiconductor ADR | 2.24% | 417.52 | -2.29% | -0.34% | +3.52% | +37.70% | 34 |
| PANW Palo Alto Networks | 2.20% | 371.59 | -2.94% | +3.83% | +14.10% | +101.73% | 68 |
| AMD Adv Micro Devices | 2.17% | 465.58 | -2.33% | -1.62% | -4.08% | +117.40% | 15 |
| INTC Intel Corp | 1.99% | 89.47 | -2.85% | -0.67% | -1.82% | +142.47% | 23 |
| NOW Servicenow Inc | 1.99% | 144.71 | +4.54% | +12.63% | +31.47% | -5.54% | 87 |
| SNOW Snowflake Inc Cl A | 1.97% | 328.00 | -0.34% | -1.44% | +10.03% | +49.53% | 53 |
| TER Teradyne Inc | 1.94% | 354.97 | -4.59% | -5.53% | -2.88% | +83.47% | 19 |
| MRVL Marvell Technology Inc | 1.79% | 216.62 | -10.28% | -8.61% | +18.18% | +155.22% | 77 |
| CMI Cummins Inc | 1.78% | 564.85 | -1.57% | -3.88% | -10.76% | +11.38% | 4 |
| CLS Celestica Inc | 1.56% | 298.70 | -5.89% | +0.73% | -15.28% | +1.05% | 0 |
| VRT Vertiv Holdings Llc. | 1.55% | 257.08 | -4.53% | -1.86% | +13.00% | +58.72% | 60 |
| ASML ASML Holdings NY Reg ADR | 1.52% | 1696.16 | -2.24% | -3.83% | +2.71% | +59.10% | 32 |
| PLTR Palantir Technologies Cl A | 1.44% | 186.29 | +0.19% | +3.53% | +52.37% | +4.80% | 96 |
| ALAB Astera Labs Inc | 1.43% | 289.47 | -4.81% | +1.58% | -3.41% | +74.00% | 17 |
| MDB Mongodb Inc Cl A | 1.37% | 446.62 | +1.37% | +3.67% | +37.05% | +6.42% | 91 |
| CRM Salesforce Inc | 1.34% | 256.00 | +1.57% | +22.39% | +41.66% | -3.12% | 94 |
| CHKP Check Point Software | 1.32% | 138.32 | +3.82% | +5.95% | +7.87% | -25.46% | 49 |
| DOCN Digitalocean Holdings Inc | 1.30% | 111.21 | -8.60% | -3.83% | -7.50% | +131.11% | 9 |
| FROG Jfrog Ltd | 1.23% | 98.74 | -5.09% | +7.17% | +25.91% | +58.09% | 85 |
| CRWD Crowdstrike Holdings | 1.23% | 218.40 | -4.19% | +13.78% | +17.91% | +86.36% | 74 |
| CFLT Confluent Inc Cl A | 1.20% | 30.99 | +0.00% | +0.85% | +1.41% | +2.48% | 30 |
| TEAM Atlassian Corp | 1.14% | 191.87 | +3.36% | +11.67% | +95.54% | +18.33% | 98 |
| LSCC Lattice Semicond | 1.13% | 114.40 | -5.04% | -2.80% | -8.13% | +55.48% | 6 |
| ANET Arista Networks Inc | 1.09% | 195.38 | -2.84% | +3.57% | +14.24% | +49.11% | 70 |
| NET Cloudflare Inc Cl A | 1.08% | 299.84 | -2.72% | +2.29% | +5.80% | +52.09% | 43 |
| LYFT Lyft Inc Cl A | 1.07% | 17.70 | +2.02% | +1.32% | +13.83% | -8.62% | 64 |
| CRDO Credo Technology Group Holding Ltd | 1.05% | 232.75 | -3.12% | +0.95% | +15.75% | +61.76% | 72 |
| IBM Intl Business Machines | 0.97% | 235.59 | -1.34% | -0.04% | +6.25% | -20.01% | 45 |
| DDOG Datadog Inc Cl A | 0.92% | 236.98 | -2.45% | +0.58% | -11.76% | +74.26% | 2 |
| MCHP Microchip Technology | 0.91% | 72.93 | -3.39% | -3.56% | -2.77% | +15.13% | 21 |
| SYM Symbotic Inc | 0.89% | 39.88 | -3.07% | -4.67% | -7.14% | -32.98% | 11 |
| EQIX Equinix Inc | 0.84% | 1044.41 | -2.98% | -1.97% | -0.30% | +37.74% | 26 |
| SPOT Spotify Technology S.A. | 0.78% | 547.51 | +3.84% | +2.58% | +4.76% | -5.72% | 38 |
| DE Deere & Company | 0.68% | 630.33 | +1.23% | -2.65% | +5.15% | +35.78% | 40 |
| SAIL Sailpoint Inc | 0.66% | 19.83 | -3.03% | +6.38% | +22.63% | -1.98% | 81 |
| KR Kroger Company | 0.58% | 57.72 | +1.39% | -0.31% | -0.24% | -6.67% | 28 |
| NFLX Netflix Inc | 0.57% | 81.72 | +2.35% | +2.68% | +11.69% | -12.84% | 57 |
| SHOP Shopify Inc | 0.48% | 152.90 | -0.93% | +2.45% | +24.92% | -5.01% | 83 |
| GTLB Gitlab Inc Cl A | 0.46% | 44.87 | +0.13% | +7.68% | +33.07% | +19.56% | 89 |
| QCOM Qualcomm Inc | 0.43% | 164.19 | -0.36% | +2.14% | +8.30% | -3.39% | 51 |
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
WTAI dispersion — data Q&A
Is WTAI's move broad or carried by a few names (21 sessions)?
As of 2026-08-28: over 21 sessions the fund returned +6.89% while its median constituent returned +7.87% — a dispersion of 19.10 pp; 51% of 47 members beat the fund. Broad advance - breadth is rising with price.
How did WTAI's members trade in the last session?
As of 2026-08-28: fund -2.61%, median member -1.57%, 15 advancers vs 31 decliners.
What does the dispersion page for WTAI 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. 47 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.