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 | -5.81% | -0.23 | +25pp | +9.46pp | Confirming ↓ |
| 1 month | +2.68% | +1.28 | +6pp | +1.27pp | Confirming ↑ |
| 1 quarter | +0.33% | -0.19 | -9pp | -1.45pp | Weakening |
Over the last 126 sessions: price up +30.72%, breadth up (+3.81/name) · % beating 33→58 · median−ETF -6.66pp→+1.52pp.
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 2026-10-12.
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 | 8 (17%) | 20 (43%) | -12 |
| 1-Month | 6 (13%) | 3 (6%) | +3 |
| 3-Month | 6 (13%) | 0 (0%) | +6 |
| 6-Month | 5 (11%) | 0 (0%) | +5 |
| 52-Week | 5 (11%) | 0 (0%) | +5 |
| YTD | 5 (11%) | 0 (0%) | +5 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -2.76% | -1.69% | +1.07pp | 12 / 34 | 34 / 13 | 15 of 47 | ±2.5% |
| 5d | -5.81% | -0.26% | +5.55pp | 23 / 24 | 36 / 11 | 6 of 47 | ±6.18% |
| 21d | +2.68% | +3.68% | +1.00pp | 34 / 13 | 26 / 21 | 4 of 47 | ±10.83% |
| YTD | +47.36% | +21.50% | -25.86pp | 36 / 11 | 18 / 29 | 2 of 47 | ±66.67% |
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)
- ORCL+4.59%+0.15pp
- MSFT+1.14%+0.04pp
- CRM+2.09%+0.03pp
- SHOP+4.90%+0.02pp
- GOOGL+0.30%+0.02pp
- MU-3.88%-0.16pp
- TER-4.68%-0.09pp
- PANW-3.57%-0.08pp
- CRDO-7.25%-0.08pp
- ALAB-5.29%-0.08pp
This month (21d)
- PANW+22.13%+0.49pp
- PLTR+24.98%+0.36pp
- CRWD+27.22%+0.33pp
- AMD+15.13%+0.33pp
- MSFT+9.18%+0.28pp
- ORCL-7.55%-0.24pp
- VRT-6.86%-0.11pp
- CMI-5.19%-0.09pp
- CRM-5.40%-0.07pp
- IBM-6.69%-0.06pp
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)
- SHOP+39.16%
- DDOG+29.87%
- CRWD+27.22%
- PLTR+24.98%
- CRDO+23.25%
- NFLX-8.77%
- ORCL-7.55%
- VRT-6.86%
- IBM-6.69%
- DE-6.38%
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% | 352.72 | +0.30% | +1.80% | +4.20% | +12.77% | 51 |
| NVDA Nvidia Corp | 4.20% | 226.32 | -1.29% | -5.27% | +3.68% | +21.50% | 49 |
| MU Micron Technology | 4.02% | 989.04 | -3.88% | -7.04% | +1.41% | +246.68% | 38 |
| AMZN Amazon.com Inc | 3.81% | 259.53 | -1.11% | +3.23% | +1.07% | +12.44% | 32 |
| ORCL Oracle Corp | 3.24% | 141.40 | +4.59% | -0.26% | -7.55% | -27.01% | 2 |
| AVGO Broadcom Ltd | 3.12% | 354.73 | -1.88% | -2.15% | -1.83% | +2.71% | 19 |
| MSFT Microsoft Corp | 3.10% | 541.15 | +1.14% | +3.04% | +9.18% | +12.15% | 66 |
| TSM Taiwan Semiconductor ADR | 2.24% | 444.35 | -1.98% | -8.53% | +2.84% | +46.55% | 45 |
| PANW Palo Alto Networks | 2.20% | 403.83 | -3.57% | -0.72% | +22.13% | +119.23% | 87 |
| AMD Adv Micro Devices | 2.17% | 594.24 | -2.28% | -5.94% | +15.13% | +177.47% | 81 |
| INTC Intel Corp | 1.99% | 101.35 | -3.20% | -12.77% | -1.54% | +174.66% | 21 |
| NOW Servicenow Inc | 1.99% | 140.32 | -0.38% | +3.12% | +5.88% | -8.40% | 60 |
| SNOW Snowflake Inc Cl A | 1.97% | 360.37 | -2.31% | +6.31% | +9.54% | +64.28% | 68 |
| TER Teradyne Inc | 1.94% | 383.85 | -4.68% | -13.65% | +1.09% | +98.39% | 34 |
| MRVL Marvell Technology Inc | 1.79% | 265.86 | -3.42% | -1.97% | +12.60% | +213.23% | 72 |
| CMI Cummins Inc | 1.78% | 527.86 | +0.85% | +0.86% | -5.19% | +4.08% | 13 |
| CLS Celestica Inc | 1.56% | 347.50 | -4.05% | -9.20% | +0.27% | +17.55% | 28 |
| VRT Vertiv Holdings Llc. | 1.55% | 239.36 | -1.41% | -5.62% | -6.86% | +47.78% | 4 |
| ASML ASML Holdings NY Reg ADR | 1.52% | 1750.24 | -1.69% | -5.89% | +3.06% | +64.17% | 47 |
| PLTR Palantir Technologies Cl A | 1.44% | 209.00 | -0.02% | +10.35% | +24.98% | +17.58% | 91 |
| ALAB Astera Labs Inc | 1.43% | 324.11 | -5.29% | -10.55% | +11.29% | +94.82% | 70 |
| MDB Mongodb Inc Cl A | 1.37% | 381.29 | -1.20% | +6.14% | +5.27% | -9.15% | 55 |
| CRM Salesforce Inc | 1.34% | 233.92 | +2.09% | +1.80% | -5.40% | -11.48% | 11 |
| CHKP Check Point Software | 1.32% | 134.32 | -2.08% | +3.66% | +2.04% | -27.61% | 40 |
| DOCN Digitalocean Holdings Inc | 1.30% | 131.41 | -2.53% | -4.24% | +6.88% | +173.09% | 62 |
| FROG Jfrog Ltd | 1.23% | 99.02 | -3.14% | +1.19% | +13.58% | +58.53% | 77 |
| CRWD Crowdstrike Holdings | 1.23% | 263.01 | -4.37% | -3.54% | +27.22% | +124.43% | 94 |
| CFLT Confluent Inc Cl A | 1.20% | 30.99 | +0.00% | +0.85% | +1.41% | +2.48% | 36 |
| TEAM Atlassian Corp | 1.14% | 207.75 | +0.46% | +5.64% | +15.61% | +28.13% | 83 |
| LSCC Lattice Semicond | 1.13% | 122.84 | -2.55% | -7.53% | +2.57% | +66.95% | 43 |
| ANET Arista Networks Inc | 1.09% | 210.88 | -2.70% | +1.92% | +5.66% | +60.94% | 57 |
| NET Cloudflare Inc Cl A | 1.08% | 350.87 | -2.79% | -2.40% | +14.47% | +77.97% | 79 |
| LYFT Lyft Inc Cl A | 1.07% | 16.11 | -0.68% | +2.42% | +5.16% | -16.83% | 53 |
| CRDO Credo Technology Group Holding Ltd | 1.05% | 200.84 | -7.25% | -5.48% | +23.25% | +39.58% | 89 |
| IBM Intl Business Machines | 0.97% | 227.02 | -0.05% | +2.46% | -6.69% | -22.92% | 6 |
| DDOG Datadog Inc Cl A | 0.92% | 287.29 | -2.04% | +3.93% | +29.87% | +111.26% | 96 |
| MCHP Microchip Technology | 0.91% | 73.83 | -2.28% | -9.40% | -0.50% | +16.55% | 23 |
| SYM Symbotic Inc | 0.89% | 40.78 | -4.34% | -4.88% | -3.20% | -31.46% | 17 |
| EQIX Equinix Inc | 0.84% | 1032.60 | +0.64% | +0.90% | -0.49% | +36.18% | 26 |
| SPOT Spotify Technology S.A. | 0.78% | 528.80 | -0.06% | +9.47% | +0.58% | -8.94% | 30 |
| DE Deere & Company | 0.68% | 632.61 | +1.88% | -7.27% | -6.38% | +36.28% | 9 |
| SAIL Sailpoint Inc | 0.66% | 19.57 | -5.78% | -3.55% | +13.52% | -3.26% | 74 |
| KR Kroger Company | 0.58% | 62.56 | +1.49% | +6.43% | +6.96% | +1.16% | 64 |
| NFLX Netflix Inc | 0.57% | 70.61 | +0.44% | +4.61% | -8.77% | -24.69% | 0 |
| SHOP Shopify Inc | 0.48% | 179.22 | +4.90% | +11.94% | +39.16% | +11.34% | 98 |
| GTLB Gitlab Inc Cl A | 0.46% | 56.01 | +1.67% | +8.76% | +19.20% | +49.24% | 85 |
| QCOM Qualcomm Inc | 0.43% | 174.43 | -0.61% | -3.52% | -4.14% | +2.63% | 15 |
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 2026-10-13: over 21 sessions the fund returned +2.68% while its median constituent returned +3.68% — a dispersion of 10.83 pp; 55% 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 2026-10-13: fund -2.76%, median member -1.69%, 12 advancers vs 34 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 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.