Constituent dispersion · breadth vs the index
XLI — Industrial Select Sector
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 | -0.56% | +0.57 | +11pp | +1.67pp | Improving |
| 1 month | -1.61% | -0.04 | +2pp | +0.16pp | Confirming ↓ |
| 1 quarter | -6.26% | -2.46 | -1pp | +0.02pp | Confirming ↓ |
Over the last 126 sessions: price down -1.77%, breadth down (-1.71/name) · % beating 43→50 · median−ETF -1.23pp→+0.06pp.
Stocks above their moving average — participation breadth
Of the 80 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 80 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 | 26 (33%) | 11 (14%) | +15 |
| 1-Month | 7 (9%) | 4 (5%) | +3 |
| 3-Month | 0 (0%) | 4 (5%) | -4 |
| 6-Month | 0 (0%) | 3 (4%) | -3 |
| 52-Week | 0 (0%) | 2 (3%) | -2 |
| YTD | 0 (0%) | 2 (3%) | -2 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.06% | +0.19% | +0.24pp | 49 / 31 | 52 / 28 | 49 of 80 | ±1.24% |
| 5d | -0.56% | +0.18% | +0.74pp | 43 / 37 | 48 / 32 | 25 of 80 | ±2.85% |
| 21d | -1.60% | -1.54% | +0.06pp | 30 / 50 | 40 / 40 | 15 of 80 | ±5.82% |
| YTD | +9.35% | +4.29% | -5.06pp | 48 / 31 | 30 / 49 | 3 of 79 | ±25.41% |
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)
- DE+1.88%+0.05pp
- UNP+1.16%+0.03pp
- HON+0.92%+0.02pp
- GD+1.26%+0.02pp
- ADP+1.08%+0.02pp
- FIX-4.53%-0.05pp
- HWM-1.98%-0.04pp
- GEV-0.79%-0.04pp
- PWR-1.58%-0.03pp
- VRT-1.41%-0.03pp
This month (21d)
- GEV+4.13%+0.19pp
- TT+7.92%+0.15pp
- PWR+6.80%+0.13pp
- JCI+6.74%+0.11pp
- EMR+6.75%+0.1pp
- BA-9.95%-0.31pp
- GE-4.64%-0.3pp
- RTX-5.57%-0.25pp
- CAT-2.35%-0.18pp
- DE-6.38%-0.17pp
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%
- IR+8.45%
- TT+7.92%
- URI+6.85%
- PWR+6.80%
- JBHT-15.58%
- BLDR-13.63%
- AXON-13.54%
- EFX-12.82%
- PCAR-11.90%
XLI — constituent leadership race
$100 in each covered XLI constituent at 2025-12-24, 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 — 80 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CAT Caterpillar Inc | 7.71% | 799.37 | -0.14% | -5.75% | -2.35% | +40.13% | 45 |
| GE GE Aerospace | 6.40% | 308.64 | +0.14% | +0.75% | -4.64% | +0.34% | 30 |
| GEV GE Vernova Inc | 4.62% | 996.80 | -0.79% | +0.69% | +4.13% | +52.72% | 84 |
| RTX Rtx Corp | 4.49% | 186.66 | +0.37% | +1.26% | -5.57% | +2.12% | 24 |
| BA Boeing Company | 3.13% | 189.50 | -0.46% | -1.67% | -9.95% | -12.72% | 9 |
| UNP Union Pacific Corp | 2.95% | 281.57 | +1.16% | +1.63% | -1.00% | +22.99% | 55 |
| ETN Eaton Corp | 2.77% | 426.69 | -0.69% | -1.37% | +0.31% | +34.38% | 64 |
| DE Deere & Company | 2.65% | 632.61 | +1.88% | -7.27% | -6.38% | +36.28% | 19 |
| UBER UBER Technologies Inc | 2.58% | 71.50 | -0.01% | +2.91% | -0.24% | -12.50% | 60 |
| HON Honeywell International | 2.55% | 209.64 | +0.92% | -2.10% | +3.60% | +3.85% | 81 |
| VRT Vertiv Holdings Llc. | 2.11% | 239.36 | -1.41% | -5.62% | -6.86% | +47.78% | 15 |
| PH Parker-Hannifin Corp | 2.08% | 956.89 | -0.59% | -1.93% | +0.70% | +9.32% | 68 |
| LMT Lockheed Martin Corp | 1.99% | 511.88 | +0.45% | +1.04% | -2.35% | +6.39% | 44 |
| HWM Howmet Aerospace Inc | 1.93% | 220.81 | -1.98% | -3.82% | -3.83% | +7.81% | 33 |
| PWR Quanta Services | 1.92% | 694.79 | -1.58% | +1.66% | +6.80% | +64.69% | 94 |
| TT Trane Technologies Plc | 1.85% | 477.55 | +0.12% | +1.44% | +7.92% | +23.28% | 96 |
| GD General Dynamics Corp | 1.67% | 335.46 | +1.26% | +1.62% | -5.74% | +0.52% | 21 |
| CMI Cummins Inc | 1.66% | 527.86 | +0.85% | +0.86% | -5.19% | +4.08% | 26 |
| ADP Automatic Data Processing | 1.66% | 273.81 | +1.08% | +5.21% | +2.07% | +7.33% | 76 |
| JCI Johnson Controls Intl | 1.61% | 155.41 | -1.29% | -0.92% | +6.74% | +30.18% | 91 |
| CSX CSX Corp | 1.61% | 47.75 | +1.04% | +0.67% | -2.45% | +32.16% | 43 |
| MMM 3M Company | 1.52% | 160.89 | +0.58% | -1.41% | -2.47% | +0.94% | 41 |
| WM Waste Management | 1.48% | 211.14 | +1.11% | +2.17% | -1.09% | -3.10% | 54 |
| EMR Emerson Electric Company | 1.46% | 162.46 | +0.39% | +0.08% | +6.75% | +23.38% | 93 |
| UPS United Parcel Service | 1.46% | 95.34 | +0.81% | +2.36% | -4.93% | -2.54% | 28 |
| NOC Northrop Grumman Corp | 1.34% | 485.00 | +0.89% | +1.87% | -6.55% | -14.67% | 16 |
| FDX Fedex Corp | 1.33% | 292.23 | +0.18% | +1.07% | -5.97% | +1.58% | 20 |
| TDG Transdigm Group Inc | 1.29% | 1119.94 | +1.08% | +2.50% | -1.79% | -15.78% | 48 |
| NSC Norfolk Southern Corp | 1.28% | 319.36 | +0.49% | +0.99% | -0.28% | +11.58% | 59 |
| URI United Rentals | 1.23% | 1056.92 | +0.05% | -1.62% | +6.85% | +31.16% | 95 |
| ITW Illinois Tool Works | 1.23% | 265.11 | +0.37% | +0.35% | -1.14% | +8.32% | 53 |
| FIX Comfort Systems USA | 1.20% | 1638.05 | -4.53% | -4.38% | -3.12% | +75.67% | 38 |
| PCAR Paccar Inc | 1.13% | 108.13 | +0.08% | -1.12% | -11.90% | -0.70% | 5 |
| CTAS Cintas Corp | 1.09% | 205.23 | +1.39% | +5.03% | +1.85% | +9.38% | 75 |
| GWW W.W. Grainger | 1.05% | 1306.73 | +1.31% | +1.55% | +2.09% | +30.01% | 78 |
| LHX L3Harris Technologies | 1.05% | 238.25 | +0.54% | +0.58% | -2.97% | -18.56% | 39 |
| CARR Carrier Global Corp | 1.00% | 55.42 | -0.25% | -0.56% | -3.55% | +5.71% | 35 |
| DAL Delta Air Lines Inc | 0.98% | 80.11 | -2.51% | -3.57% | +0.25% | +16.05% | 63 |
| FAST Fastenal Company | 0.97% | 51.49 | +1.46% | +1.58% | +4.40% | +29.71% | 86 |
| AME Ametek Inc | 0.95% | 249.89 | +0.53% | -0.81% | +3.47% | +21.91% | 80 |
| ROK Rockwell Automation Inc | 0.94% | 433.97 | +0.32% | -4.66% | +1.30% | +12.27% | 74 |
| ODFL Old Dominion Freight Line | 0.82% | 181.91 | -0.03% | +1.42% | +1.18% | +16.18% | 73 |
| WAB Wabtec Corp | 0.82% | 285.77 | +0.12% | -2.09% | +0.90% | +34.21% | 69 |
| RSG Republic Services | 0.77% | 219.75 | +1.32% | +3.25% | -1.34% | +4.29% | 51 |
| UAL United Airlines Holdings | 0.68% | 104.44 | -2.81% | -5.05% | -4.90% | -6.60% | 29 |
| EME Emcor Group | 0.67% | 779.16 | -1.30% | -0.01% | -0.19% | +27.50% | 61 |
| AXON Axon Enterprise | 0.63% | 414.43 | -2.00% | +0.64% | -13.54% | -27.03% | 3 |
| PAYX Paychex Inc | 0.59% | 104.64 | +0.63% | +4.87% | -9.64% | -5.75% | 10 |
| DOV Dover Corp | 0.53% | 190.88 | +1.09% | -0.22% | +0.97% | -1.77% | 70 |
| OTIS Otis Worldwide Corp | 0.50% | 66.75 | +1.21% | +1.32% | -3.40% | -22.77% | 36 |
| CPRT Copart Inc | 0.50% | 26.48 | -3.07% | -4.23% | -11.59% | -32.36% | 8 |
| XYL Xylem Inc | 0.49% | 102.59 | -0.12% | +0.17% | -4.09% | -24.41% | 31 |
| IR Ingersoll Rand Inc | 0.48% | 79.09 | +0.43% | +0.69% | +8.45% | -0.11% | 98 |
| VRSK Verisk Analytics Inc | 0.47% | 177.49 | -0.08% | +8.70% | +1.00% | -20.45% | 71 |
| HUBB Hubbell Inc B | 0.46% | 474.05 | -0.01% | -1.37% | +2.96% | +7.35% | 79 |
| CHRW C.H. Robinson Ww | 0.42% | 139.75 | -1.80% | -0.61% | -8.53% | -12.47% | 11 |
| LUV Southwest Airlines Company | 0.41% | 40.76 | -2.16% | -2.60% | +3.87% | -0.95% | 83 |
| EXPD Expeditors Intl | 0.41% | 193.41 | +0.09% | -0.37% | +0.42% | +30.47% | 65 |
| JBHT J B Hunt Transport | 0.39% | 228.31 | -0.41% | -0.62% | -15.58% | +17.93% | 0 |
| VLTO Veralto Corporation | 0.38% | 98.20 | +1.31% | +1.69% | +4.36% | -1.43% | 85 |
| SNA Snap-On Inc | 0.37% | 361.99 | +0.45% | -1.47% | -3.58% | +6.44% | 34 |
| EFX Equifax Inc | 0.36% | 147.33 | +1.06% | +3.32% | -12.82% | -31.68% | 4 |
| FDXF Fedex Freight Holding Company Inc | 0.34% | 113.12 | -2.04% | +1.38% | -11.84% | — | 6 |
| FTV Fortive Corp | 0.34% | 57.37 | +0.19% | -0.02% | +4.90% | +4.03% | 88 |
| BR Broadridge Financial Solutions | 0.31% | 166.41 | +0.58% | +4.61% | -0.79% | -25.02% | 56 |
| LII Lennox International | 0.30% | 356.72 | +0.08% | -1.23% | -2.55% | -26.32% | 40 |
| IEX Idex Corp | 0.30% | 235.77 | +0.63% | +0.20% | +5.16% | +33.46% | 90 |
| TXT Textron Inc | 0.29% | 75.78 | +2.18% | +0.04% | -6.44% | -13.05% | 18 |
| LDOS Leidos Holdings Inc | 0.28% | 121.60 | -0.07% | +1.80% | -5.33% | -32.43% | 25 |
| GNRC Generac Holdings Inc | 0.28% | 218.37 | -2.92% | +1.47% | +16.78% | +60.13% | 99 |
| NDSN Nordson Corp | 0.28% | 330.44 | +0.69% | -1.19% | +5.08% | +37.86% | 89 |
| MAS Masco Corp | 0.27% | 68.98 | +0.33% | +0.76% | +0.67% | +9.69% | 66 |
| J Jacobs Engineering Group | 0.27% | 139.43 | +0.20% | +0.55% | -1.71% | +5.87% | 49 |
| ROL Rollins Inc | 0.25% | 32.07 | +0.28% | +8.02% | -7.66% | -46.22% | 13 |
| SWK Stanley Black & Decker | 0.24% | 88.65 | +0.09% | -1.15% | -0.66% | +20.67% | 57 |
| PNR Pentair Ltd | 0.22% | 52.33 | -0.27% | -0.85% | -7.51% | -49.47% | 14 |
| HII Huntington Ingalls Industries | 0.21% | 264.03 | -0.29% | -0.92% | -5.60% | -21.78% | 23 |
| ALLE Allegion Plc | 0.21% | 150.04 | -0.29% | -2.36% | -1.81% | -5.41% | 46 |
| BLDR Builders Firstsource | 0.16% | 52.14 | -1.34% | -6.27% | -13.63% | -49.32% | 1 |
| AOS Smith A.O. Corp | 0.12% | 56.60 | +0.39% | -0.65% | -1.38% | -14.47% | 50 |
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
XLI dispersion — data Q&A
Is XLI's move broad or carried by a few names (21 sessions)?
As of 2026-10-13: over 21 sessions the fund returned -1.60% while its median constituent returned -1.54% — a dispersion of 5.82 pp; 50% of 80 members beat the fund. Broad decline - breadth is falling with price.
How did XLI's members trade in the last session?
As of 2026-10-13: fund -0.06%, median member +0.19%, 49 advancers vs 31 decliners.
What does the dispersion page for XLI 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. 80 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.