Constituent dispersion · breadth vs the index
AIQ — Global X AI & Technology
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 | +2.05% | +0.61 | +1pp | +0.29pp | Confirming ↑ |
| 1 month | +2.94% | -0.83 | -14pp | -4.81pp | Weakening |
| 1 quarter | +0.06% | -0.67 | +21pp | +8.54pp | Weakening |
Over the last 126 sessions: price up +31.91%, breadth up (+1.26/name) · % beating 44→45 · median−ETF -1.38pp→-0.84pp.
Stocks above their moving average — participation breadth
Of the 66 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 2026-09-17.
New highs & new lows — by horizon
How many of the 66 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 | 21 (32%) | 11 (17%) | +10 |
| 1-Month | 9 (14%) | 4 (6%) | +5 |
| 3-Month | 4 (6%) | 0 (0%) | +4 |
| 6-Month | 2 (3%) | 0 (0%) | +2 |
| 52-Week | 1 (2%) | 0 (0%) | +1 |
| YTD | 1 (2%) | 0 (0%) | +1 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +2.16% | +1.44% | -0.72pp | 51 / 15 | 25 / 41 | 26 of 66 | ±2.72% |
| 5d | +2.05% | +1.59% | -0.46pp | 49 / 17 | 32 / 34 | 15 of 66 | ±4.74% |
| 21d | +2.94% | +2.10% | -0.84pp | 39 / 27 | 30 / 36 | 8 of 66 | ±9.88% |
| YTD | +26.56% | -7.66% | -34.22pp | 29 / 37 | 17 / 49 | 0 of 66 | ±64.5% |
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)
- INTC+7.67%+0.37pp
- MU+5.50%+0.34pp
- AMD+6.36%+0.32pp
- ORCL+5.19%+0.13pp
- TSM+3.00%+0.1pp
- CRM-2.90%-0.03pp
- NFLX-1.44%-0.03pp
- APP-1.52%-0.02pp
- CRWV-4.36%-0.01pp
- SHOP-1.05%-0.01pp
This month (21d)
- AMD+12.53%+0.63pp
- INTC+12.52%+0.6pp
- META+25.50%+0.55pp
- QCOM+17.80%+0.31pp
- CRM+23.81%+0.29pp
- AVGO-8.61%-0.25pp
- BABA-15.30%-0.24pp
- STX-11.13%-0.17pp
- SHOP-12.27%-0.13pp
- CDNS-11.30%-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)
- OKTA+32.03%
- META+25.50%
- CRM+23.81%
- QCOM+17.80%
- NOW+15.88%
- BABA-15.30%
- CRWV-14.44%
- SOUN-14.16%
- SHOP-12.27%
- PATH-11.68%
AIQ — constituent leadership race
$100 in each covered AIQ 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 — 66 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| MU Micron Technology | 6.15% | 977.50 | +5.50% | +0.01% | +3.91% | +242.63% | 58 |
| AMD Adv Micro Devices | 5.02% | 545.09 | +6.36% | +8.24% | +12.53% | +154.52% | 88 |
| INTC Intel Corp | 4.79% | 108.80 | +7.67% | +8.45% | +12.52% | +194.85% | 86 |
| CSCO Cisco Systems Inc | 4.05% | 110.24 | +2.32% | +2.61% | -1.23% | +44.66% | 32 |
| TSM Taiwan Semiconductor ADR | 3.22% | 430.26 | +3.00% | +0.79% | +4.08% | +41.90% | 61 |
| AAPL Apple Inc | 2.92% | 337.00 | +1.38% | +3.19% | +8.70% | +24.08% | 73 |
| AVGO Broadcom Ltd | 2.92% | 347.30 | +2.29% | -3.75% | -8.61% | +0.56% | 17 |
| NVDA Nvidia Corp | 2.76% | 219.34 | +2.54% | +0.45% | -0.18% | +17.75% | 39 |
| GOOGL Alphabet Cl A | 2.71% | 347.33 | +1.30% | +4.43% | +0.91% | +11.05% | 42 |
| ORCL Oracle Corp | 2.57% | 150.59 | +5.19% | -1.54% | +5.46% | -22.26% | 65 |
| AMZN Amazon.com Inc | 2.53% | 251.19 | +2.13% | -0.28% | -3.18% | +8.83% | 27 |
| NFLX Netflix Inc | 2.39% | 75.31 | -1.44% | -0.92% | -3.16% | -19.68% | 29 |
| TSLA Tesla Inc | 2.25% | 366.20 | +2.27% | +0.73% | +8.71% | -18.57% | 74 |
| META META Platforms Inc | 2.17% | 682.31 | +1.34% | +5.89% | +25.50% | +3.45% | 97 |
| MSFT Microsoft Corp | 2.15% | 497.75 | +1.52% | +1.08% | +3.54% | +3.16% | 55 |
| IBM Intl Business Machines | 1.96% | 237.75 | +0.11% | +1.59% | +2.18% | -19.28% | 50 |
| PLTR Palantir Technologies Cl A | 1.92% | 176.24 | +1.09% | +6.26% | +2.74% | -0.85% | 52 |
| MRVL Marvell Technology Inc | 1.83% | 240.76 | +4.81% | +6.08% | +11.46% | +183.66% | 85 |
| QCOM Qualcomm Inc | 1.75% | 188.71 | +2.09% | +6.69% | +17.80% | +11.03% | 94 |
| BABA Alibaba Group Holding ADR | 1.58% | 108.54 | +1.18% | -0.02% | -15.30% | -25.95% | 0 |
| STX Seagate Technology Holdings | 1.53% | 803.13 | +2.55% | -6.87% | -11.13% | +192.14% | 14 |
| SAP SAP Ag ADR | 1.44% | 213.66 | +0.22% | +3.74% | +1.52% | -12.04% | 45 |
| CRM Salesforce Inc | 1.20% | 242.85 | -2.90% | +0.11% | +23.81% | -8.10% | 95 |
| APP Applovin Corp Cl A | 1.18% | 321.60 | -1.52% | +2.26% | +4.67% | -52.27% | 64 |
| UBER UBER Technologies Inc | 1.10% | 70.87 | -0.14% | -2.33% | -5.08% | -13.27% | 23 |
| SHOP Shopify Inc | 1.02% | 128.60 | -1.05% | +1.58% | -12.27% | -20.11% | 5 |
| NOW Servicenow Inc | 0.82% | 138.47 | -0.97% | +5.57% | +15.88% | -9.61% | 92 |
| ACN Accenture Plc | 0.81% | 190.29 | +0.34% | +6.96% | +10.04% | -28.06% | 80 |
| CDNS Cadence Design Sys | 0.81% | 280.76 | +0.31% | -1.47% | -11.30% | -10.18% | 9 |
| SNPS Synopsys Inc | 0.67% | 381.17 | +0.71% | -4.03% | -5.75% | -18.85% | 20 |
| NOK Nokia Corp ADR | 0.66% | 10.60 | +4.54% | -0.19% | +2.02% | +65.01% | 48 |
| ADBE Adobe Systems Inc | 0.65% | 252.67 | +0.87% | +1.54% | -3.98% | -27.81% | 26 |
| SNOW Snowflake Inc Cl A | 0.61% | 338.39 | +2.23% | +2.63% | +4.01% | +54.26% | 59 |
| NXPI Nxp Semiconductors | 0.59% | 227.95 | +4.10% | +1.11% | -0.27% | +5.56% | 38 |
| DDOG Datadog Inc Cl A | 0.58% | 236.00 | +2.26% | +6.44% | -4.07% | +73.54% | 24 |
| HPE Hewlett Packard Enterprise | 0.56% | 61.04 | +7.69% | +10.54% | +9.61% | +155.76% | 79 |
| HUT Hut 8 Corp | 0.54% | 90.99 | +1.30% | +0.43% | +12.63% | +98.06% | 89 |
| TWLO Twilio | 0.40% | 246.24 | +3.08% | +6.54% | +6.09% | +73.12% | 67 |
| CLS Celestica Inc | 0.35% | 329.94 | +1.89% | +1.45% | +6.23% | +11.61% | 68 |
| OKTA Okta Inc Cl A | 0.32% | 190.02 | +1.01% | +11.05% | +32.03% | +119.75% | 98 |
| ERIC Ericsson ADR | 0.32% | 10.29 | +2.59% | +2.80% | +1.98% | +8.20% | 47 |
| CRWV Coreweave Inc Cl A | 0.30% | 79.72 | -4.36% | -10.55% | -14.44% | +11.33% | 2 |
| TDC Teradata Corp | 0.28% | 29.27 | +0.34% | +6.98% | +2.81% | -3.84% | 53 |
| TRI Thomson Reuters Corp | 0.27% | 99.48 | -1.81% | +3.94% | -0.75% | -22.89% | 36 |
| BIDU Baidu Inc ADR | 0.25% | 90.03 | +1.67% | -0.62% | -0.92% | -31.10% | 35 |
| DT Dynatrace Inc | 0.25% | 55.83 | +1.16% | +8.58% | +13.34% | +28.82% | 91 |
| AMBA Ambarella Inc | 0.24% | 66.91 | +6.60% | -1.41% | -10.57% | -5.55% | 15 |
| EXPN.LN Experian Plc | 0.24% | 2800.00 | +0.57% | +0.76% | -2.61% | -16.36% | 30 |
| SMCI Super Micro Computer | 0.23% | 40.35 | +9.50% | +7.95% | +7.86% | +37.85% | 71 |
| GEHC GE Healthcare Technologies | 0.23% | 64.44 | +1.50% | +0.32% | -11.27% | -21.36% | 11 |
| ZBRA Zebra Technologies | 0.23% | 347.81 | +1.94% | +1.10% | -5.08% | +43.24% | 21 |
| QUBT Quantum Computing Inc | 0.21% | 8.44 | +5.50% | +7.93% | -0.94% | -17.74% | 33 |
| AI C3.Ai Inc Cl A | 0.21% | 10.78 | +2.08% | +2.96% | +9.22% | -20.03% | 77 |
| WDAY Workday Inc | 0.21% | 199.28 | +6.14% | +7.67% | +4.53% | -7.22% | 62 |
| EFX Equifax Inc | 0.19% | 161.17 | -1.61% | -4.09% | -11.37% | -25.26% | 8 |
| PATH Uipath Inc Cl A | 0.17% | 13.76 | +0.95% | -0.79% | -11.68% | -16.05% | 6 |
| G Genpact Ltd | 0.17% | 34.95 | -0.91% | +1.57% | +0.87% | -24.92% | 41 |
| SNAP Snap Inc | 0.17% | 5.65 | -1.22% | +2.36% | +10.57% | -29.99% | 82 |
| ZS Zscaler Inc | 0.16% | 197.47 | +3.07% | +20.79% | +6.34% | -12.20% | 70 |
| SOUN Soundhound AI Inc Cl A | 0.16% | 6.00 | +1.18% | -4.46% | -14.16% | -39.82% | 3 |
| PEGA Pegasystems Inc | 0.16% | 36.07 | -2.09% | +0.98% | +10.98% | -39.53% | 83 |
| DXC Dxc Technology Company | 0.15% | 11.44 | -1.21% | +3.62% | +8.95% | -21.91% | 76 |
| GLOB Globant S.A. | 0.14% | 37.73 | -1.67% | +2.81% | +1.13% | -42.28% | 44 |
| WIX Wix.com Ltd | 0.14% | 79.90 | -0.62% | +5.80% | +3.55% | -23.09% | 56 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.14% | 6.60 | +4.27% | -3.65% | -7.56% | -16.98% | 18 |
| PONY Pony AI Inc ADR | 0.12% | 6.88 | +5.04% | +3.77% | -11.17% | -52.55% | 12 |
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
AIQ dispersion — data Q&A
Is AIQ's move broad or carried by a few names (21 sessions)?
As of 2026-09-17: over 21 sessions the fund returned +2.94% while its median constituent returned +2.10% — a dispersion of 9.88 pp; 45% of 66 members beat the fund. Weakening below the surface - the A/D line is falling while price holds up; leadership is narrowing.
How did AIQ's members trade in the last session?
As of 2026-09-17: fund +2.16%, median member +1.44%, 51 advancers vs 15 decliners.
What does the dispersion page for AIQ 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. 66 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.