Constituent dispersion · breadth vs the index
EUROAI — Euro-AI Sovereign 50 (EW)
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 | +0.79% | +1.03 | +0pp | -0.31pp | Improving |
| 1 month | -3.67% | -0.67 | +9pp | +1.18pp | Confirming ↓ |
| 1 quarter | -5.59% | -0.62 | +21pp | +4.17pp | Confirming ↓ |
Over the last 126 sessions: price up +24.00%, breadth up (+3.48/name) · % beating 43→57 · median−ETF -0.74pp→+0.72pp.
Stocks above their moving average — participation breadth
Of the 61 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 61 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 | 14 (23%) | 1 (2%) | +13 |
| 1-Month | 3 (5%) | 1 (2%) | +2 |
| 3-Month | 1 (2%) | 0 (0%) | +1 |
| 6-Month | 1 (2%) | 0 (0%) | +1 |
| 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 | +1.76% | +1.10% | -0.66pp | 49 / 12 | 18 / 43 | 29 of 61 | ±2.04% |
| 5d | +0.79% | +0.00% | -0.79pp | 30 / 30 | 26 / 35 | 13 of 61 | ±4.39% |
| 21d | -3.67% | -3.44% | +0.23pp | 17 / 44 | 32 / 29 | 9 of 61 | ±6.96% |
| YTD | +32.00% | +13.84% | -18.16pp | 41 / 19 | 19 / 41 | 1 of 60 | ±68.02% |
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)
- ARM+8.57%+0.13pp
- OVH.PA+7.08%+0.11pp
- ATS.VI+5.69%+0.09pp
- NBIS+4.12%+0.06pp
- NOD.OL+4.09%+0.06pp
- AFX.DE-4.22%-0.07pp
- P4O.DE-1.89%-0.03pp
- DSY.PA-1.53%-0.02pp
- SY1.DE-1.49%-0.02pp
- M7U.DE-1.24%-0.02pp
This month (21d)
- M7U.DE+15.53%+0.24pp
- ATS.VI+12.21%+0.19pp
- NOD.OL+9.88%+0.15pp
- OVH.PA+7.21%+0.11pp
- BNTX+6.37%+0.1pp
- MTRS.ST-22.80%-0.35pp
- HAG.DE-16.08%-0.25pp
- BESI.AS-14.47%-0.22pp
- RHM.DE-13.79%-0.21pp
- TOM.OL-13.33%-0.21pp
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)
- M7U.DE+15.53%
- ATS.VI+12.21%
- NOD.OL+9.88%
- OVH.PA+7.21%
- BNTX+6.37%
- MTRS.ST-22.80%
- HAG.DE-16.08%
- BESI.AS-14.47%
- RHM.DE-13.79%
- TOM.OL-13.33%
EUROAI — constituent leadership race
$100 in each covered EUROAI 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 — 61 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| ASML.AS ASML | 1.54% | 1418.00 | +1.56% | -3.81% | -5.94% | +54.44% | 31 |
| ARM ARM Holdings | 1.54% | 264.90 | +8.57% | +4.22% | +4.57% | +142.34% | 87 |
| NBIS Nebius Group | 1.54% | 217.99 | +4.12% | -4.44% | -12.25% | +160.43% | 10 |
| MTRS.ST Munters Group | 1.54% | 136.80 | +1.03% | -7.88% | -22.80% | -20.11% | 0 |
| VACN.SW VAT Group | 1.54% | 595.00 | +1.50% | -2.55% | -2.20% | +56.07% | 56 |
| BESI.AS BE Semiconductor | 1.54% | 181.50 | +1.48% | -1.41% | -14.47% | +36.56% | 3 |
| SMHN.DE SUSS MicroTec | 1.54% | 67.75 | +1.42% | -6.23% | -7.06% | +73.10% | 26 |
| ASM.AS ASM International | 1.54% | 790.80 | +2.49% | -3.63% | -3.82% | +52.78% | 44 |
| PATH UiPath | 1.54% | 13.76 | +0.95% | -0.79% | -11.68% | -16.05% | 11 |
| BNTX BioNTech | 1.54% | 98.66 | +2.95% | +2.34% | +6.37% | +3.63% | 92 |
| AIXA.DE AIXTRON | 1.54% | 34.16 | +0.06% | -7.30% | -8.42% | +97.40% | 18 |
| IFX.DE Infineon | 1.54% | 54.40 | -1.09% | -2.51% | -1.05% | +45.29% | 64 |
| ATS.VI AT&S | 1.54% | 167.20 | +5.69% | -1.99% | +12.21% | +419.25% | 97 |
| MYCR.ST Mycronic | 1.54% | 318.00 | +0.95% | -0.25% | +1.21% | +44.01% | 80 |
| HAG.DE Hensoldt | 1.54% | 77.68 | -0.13% | +0.23% | -16.08% | +5.83% | 2 |
| SU.PA Schneider Electric | 1.54% | 287.10 | +2.76% | -0.10% | -2.35% | +22.22% | 54 |
| REL.L RELX | 1.54% | 2570.00 | +1.06% | +3.05% | +1.18% | -14.90% | 79 |
| ETN Eaton | 1.54% | 409.46 | +2.93% | +0.08% | -5.07% | +28.96% | 36 |
| ENR.DE Siemens Energy | 1.54% | 141.80 | +3.41% | +0.70% | -8.12% | +18.28% | 23 |
| SAP.DE SAP | 1.54% | 188.00 | +0.77% | +5.72% | +1.13% | -8.24% | 77 |
| SIE.DE Siemens AG | 1.54% | 266.60 | +2.34% | +3.29% | -3.63% | +13.85% | 48 |
| ABBN.SW ABB | 1.54% | 79.52 | +1.61% | +2.13% | -1.07% | +36.27% | 62 |
| SAF.PA Safran | 1.54% | 331.60 | +1.62% | +2.98% | -5.01% | +11.50% | 38 |
| DSY.PA Dassault Systèmes | 1.54% | 20.58 | -1.53% | +0.98% | -7.46% | -13.67% | 25 |
| SHL.DE Siemens Healthineers | 1.54% | 38.42 | +0.16% | +0.00% | -3.90% | -12.41% | 43 |
| HO.PA Thales | 1.54% | 238.30 | -1.08% | +5.86% | -8.28% | +3.70% | 20 |
| WKL.AS Wolters Kluwer | 1.54% | 70.08 | +1.80% | +5.86% | -0.76% | -20.67% | 66 |
| CAP.PA Capgemini | 1.54% | 107.10 | +1.37% | +5.52% | -2.95% | -24.71% | 51 |
| RHM.DE Rheinmetall | 1.54% | 1016.20 | +0.32% | -0.02% | -13.79% | -34.90% | 5 |
| PHIA.AS Philips | 1.54% | 21.54 | -0.69% | +1.13% | -8.69% | -7.31% | 16 |
| STM STMicroelectronics | 1.54% | 48.61 | +1.14% | -4.20% | -7.00% | +87.93% | 28 |
| LR.PA Legrand | 1.54% | 136.30 | +0.74% | -2.29% | +1.08% | +7.11% | 74 |
| VWS.CO Vestas | 1.54% | 210.30 | +1.94% | -0.52% | +0.48% | +21.76% | 72 |
| PRY.MI Prysmian | 1.54% | 121.95 | -0.20% | -1.33% | -2.17% | +42.23% | 57 |
| ALFA.ST Alfa Laval | 1.54% | 556.00 | +1.53% | +1.91% | +1.46% | +21.38% | 82 |
| NEM.DE Nemetschek | 1.54% | 61.35 | +2.94% | +5.41% | -1.76% | -33.89% | 59 |
| KGX.DE Kion Group | 1.54% | 41.77 | +0.38% | -3.76% | +4.43% | -38.80% | 85 |
| NKT.CO NKT A/S | 1.54% | 931.50 | +2.59% | +1.80% | -1.32% | +16.66% | 61 |
| TEMN.SW Temenos | 1.54% | 67.10 | +0.15% | -3.31% | -8.21% | -15.70% | 21 |
| MELE.BR Melexis | 1.54% | 65.45 | +0.77% | +1.47% | -0.53% | +13.83% | 69 |
| TOM.OL Tomra Systems | 1.54% | 91.70 | +1.55% | -3.32% | -13.33% | -31.35% | 7 |
| COTN.SW Comet Holding | 1.54% | 335.00 | +3.72% | -1.59% | -4.61% | +49.13% | 39 |
| OXIG.L Oxford Instruments | 1.54% | 2752.00 | +0.88% | +1.18% | -3.44% | +34.24% | 49 |
| NOD.OL Nordic Semi | 1.54% | 178.00 | +4.09% | +6.40% | +9.88% | +33.53% | 95 |
| OVH.PA OVHcloud | 1.54% | 17.69 | +7.08% | +21.08% | +7.21% | +142.66% | 93 |
| KTN.VI Kontron AG | 1.54% | 20.44 | +0.10% | -1.73% | -5.37% | -10.19% | 34 |
| RR.L Rolls-Royce | 1.54% | 1479.80 | +2.72% | +3.48% | -3.77% | +29.25% | 46 |
| BAS.DE BASF | 1.54% | 52.37 | +0.46% | -1.82% | +1.12% | +23.11% | 75 |
| SGO.PA Saint-Gobain | 1.54% | 70.34 | +0.98% | -1.37% | -12.95% | -19.11% | 8 |
| EVK.DE Evonik | 1.54% | 17.55 | -0.11% | -3.20% | -5.39% | +31.36% | 33 |
| SY1.DE Symrise | 1.54% | 90.10 | -1.49% | +2.43% | +2.90% | +30.81% | 84 |
| SAN.PA Sanofi | 1.54% | 75.26 | +1.22% | +2.30% | -4.20% | -3.93% | 41 |
| AIR.PA Airbus | 1.54% | 195.50 | -0.40% | -0.14% | -6.03% | +0.36% | 30 |
| AFX.DE Carl Zeiss Meditec | 1.54% | 29.02 | -4.22% | -6.51% | -9.99% | -25.82% | 15 |
| SGE.L Sage Group | 1.54% | 1034.00 | +2.22% | +5.53% | -2.73% | -3.24% | 52 |
| INF.L Informa | 1.54% | 893.00 | +0.72% | +2.13% | -0.16% | +1.02% | 70 |
| YAR.OL Yara International | 1.54% | 460.70 | +1.52% | -0.13% | +5.38% | +11.28% | 90 |
| CEVI.ST CellaVision | 1.54% | 165.00 | +1.10% | +4.30% | +5.23% | +7.30% | 89 |
| TIETO.HE Tietoevry | 1.54% | 19.04 | +0.05% | +0.21% | -0.73% | +6.69% | 67 |
| P4O.DE Plan Optik | 1.54% | 7.26 | -1.89% | +2.83% | -11.25% | — | 13 |
| M7U.DE Nynomic | 1.54% | 23.80 | -1.24% | -4.42% | +15.53% | +141.87% | 98 |
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
EUROAI dispersion — data Q&A
Is EUROAI's move broad or carried by a few names (21 sessions)?
As of 2026-09-17: over 21 sessions the fund returned -3.67% while its median constituent returned -3.44% — a dispersion of 6.96 pp; 52% of 61 members beat the fund. Broad decline - breadth is falling with price.
How did EUROAI's members trade in the last session?
As of 2026-09-17: fund +1.76%, median member +1.10%, 49 advancers vs 12 decliners.
What does the dispersion page for EUROAI 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. 61 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.