Constituent dispersion · breadth vs the index
EXI — Global Industrials
Concentration 19.15% in top 5 60.61 effective names · HHI 165
RS vs S&P 500 21d -4.43pp sector return − SPY
RS vs Nasdaq-100 21d -4.98pp sector return − QQQ
Broad decline - breadth is falling with price. Last 21 sessions — price -5.06% · A/D -311 (-2.3/name)
EXI price
Cumulative advance / decline of constituents — rises when more names are up than down; turns before price at inflections
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 | +0.06% | +0.32 | +1pp | +0.30pp | Improving |
| 1 month | -5.06% | -2.3 | +9pp | +2.80pp | Confirming ↓ |
| 1 quarter | -2.01% | -1.64 | -14pp | -0.85pp | Confirming ↓ |
Over the last 126 sessions: price up +5.25%, breadth down (-0.95/name) · % beating 44→47 · median−ETF -1.40pp→-0.08pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.67% | +0.32% | -0.35pp | 83 / 51 | 53 / 82 | 68 of 135 | ±2.11% |
| 5d | +0.06% | -0.07% | -0.13pp | 67 / 68 | 67 / 68 | 39 of 135 | ±2.84% |
| 21d | -5.06% | -5.08% | -0.02pp | 26 / 109 | 65 / 70 | 23 of 135 | ±6.18% |
| YTD | +9.80% | +5.50% | -4.30pp | 84 / 51 | 53 / 82 | 6 of 135 | ±21% |
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)
- CAT+2.02%+0.08pp
- SIE.XETRA+2.34%+0.05pp
- ENR+3.41%+0.05pp
- SU+2.76%+0.05pp
- ETN+2.93%+0.04pp
- BA-2.46%-0.04pp
- RTX-1.67%-0.04pp
- BA-2.46%-0.02pp
- CPRT-3.76%-0.01pp
- GD-1.12%-0.01pp
This month (21d)
- DE+16.46%+0.23pp
- DG+3.40%+0.02pp
- CHRW+6.32%+0.01pp
- METSO.HE+9.56%+0.01pp
- ADP+1.09%+0.01pp
- GE-16.43%-0.53pp
- RTX-14.17%-0.34pp
- HWM-22.86%-0.24pp
- GEV-7.92%-0.23pp
- CAT-5.03%-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)
- DE+16.46%
- NIBE-B.ST+13.22%
- METSO.HE+9.56%
- TREL-B.ST+6.34%
- CHRW+6.32%
- AXON-26.84%
- HWM-22.86%
- GE-16.43%
- ODFL-15.82%
- CMI-15.30%
EXI — constituent leadership race
$100 in each covered EXI constituent at 2025-12-30, rebased to 100. Watch leadership change hands.
0%
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 — 135 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CAT Caterpillar Inc | 4.13% | 798.57 | +2.02% | -0.80% | -5.03% | +39.99% | 53 |
| GE GE Aerospace | 3.25% | 313.47 | +0.18% | -3.29% | -16.43% | +1.91% | 1 |
| GEV GE Vernova Inc | 2.89% | 924.93 | -0.02% | +0.11% | -7.92% | +41.71% | 31 |
| RTX Rtx Corp | 2.42% | 193.54 | -1.67% | -2.31% | -14.17% | +5.88% | 4 |
| SIE.XETRA SIEMENS N AG | 2.31% | 266.60 | +2.34% | +3.29% | -3.63% | +13.85% | 61 |
| BA Boeing Company | 1.77% | 197.00 | -2.46% | -3.81% | -11.68% | -9.27% | 11 |
| SU Suncor Energy Inc | 1.70% | 287.10 | +2.76% | -0.10% | -2.35% | +22.22% | 65 |
| ABBN.SW ABB LTD | 1.65% | 79.52 | +1.61% | +2.13% | -1.07% | +36.27% | 73 |
| UNP Union Pacific Corp | 1.61% | 282.48 | +0.56% | -1.15% | -5.44% | +23.39% | 46 |
| UBER UBER Technologies Inc | 1.55% | 70.87 | -0.14% | -2.33% | -5.08% | -13.27% | 50 |
| ETN Eaton Corp | 1.52% | 409.46 | +2.93% | +0.08% | -5.07% | +28.96% | 50 |
| ENR Energizer Holdings Inc | 1.49% | 141.80 | +3.41% | +0.70% | -8.12% | +18.28% | 30 |
| HON Honeywell International | 1.46% | 206.49 | -0.56% | +2.13% | -9.32% | +2.29% | 24 |
| RR.LSE ROLLS-ROYCE HOLDINGS PLC | 1.40% | 1479.80 | +2.72% | +3.48% | -3.77% | +29.25% | 60 |
| DE Deere & Company | 1.38% | 685.63 | +2.41% | +1.13% | +16.46% | +47.70% | 99 |
| VRT Vertiv Holdings Llc. | 1.27% | 241.49 | +0.87% | -2.65% | -11.39% | +49.09% | 15 |
| AIR AAR Corp | 1.22% | 195.50 | -0.40% | -0.14% | -6.03% | +0.36% | 40 |
| PH Parker-Hannifin Corp | 1.12% | 925.29 | +0.71% | -0.97% | -11.19% | +5.71% | 17 |
| PWR Quanta Services | 1.10% | 616.54 | -0.44% | -0.35% | -11.44% | +46.15% | 14 |
| LMT Lockheed Martin Corp | 1.09% | 538.09 | +0.16% | +1.50% | -11.38% | +11.84% | 16 |
| HWM Howmet Aerospace Inc | 1.07% | 225.76 | -0.87% | -0.94% | -22.86% | +10.23% | 1 |
| TT Trane Technologies Plc | 1.02% | 423.33 | +0.39% | -3.75% | -8.64% | +9.28% | 27 |
| ADP Automatic Data Processing | 0.91% | 272.24 | -0.35% | +2.49% | +1.09% | +6.71% | 86 |
| CMI Cummins Inc | 0.91% | 523.88 | -0.69% | -4.75% | -15.30% | +3.30% | 3 |
| GD General Dynamics Corp | 0.88% | 355.95 | -1.12% | +0.48% | -9.54% | +6.65% | 21 |
| CSX CSX Corp | 0.88% | 47.90 | +0.00% | -2.32% | -4.66% | +32.57% | 54 |
| FDX Fedex Corp | 0.86% | 305.88 | +1.38% | -1.51% | -6.85% | +6.32% | 35 |
| JCI Johnson Controls Intl | 0.85% | 141.06 | +0.42% | -1.23% | -5.76% | +18.16% | 43 |
| WM Waste Management | 0.83% | 213.33 | -0.31% | -0.23% | -4.58% | -2.10% | 55 |
| MMM 3M Company | 0.82% | 164.71 | +1.27% | +1.14% | -8.57% | +3.34% | 27 |
| BA BAE SYSTEMS PLC | 0.81% | 197.00 | -2.46% | -3.81% | -11.68% | -9.27% | 11 |
| CP Canadian Pacific Kansas City Ltd | 0.80% | 88.78 | +1.25% | -0.07% | -5.23% | +21.09% | 48 |
| EMR Emerson Electric Company | 0.78% | 147.40 | +1.08% | -0.65% | -6.58% | +11.94% | 37 |
| NOC Northrop Grumman Corp | 0.75% | 524.00 | -1.28% | +0.97% | -11.06% | -7.81% | 18 |
| UPS United Parcel Service | 0.75% | 100.17 | +1.42% | +0.20% | -1.73% | +2.40% | 69 |
| DG Dollar General Corp | 0.73% | 124.95 | +1.58% | +1.59% | +3.40% | -5.04% | 96 |
| NSC Norfolk Southern Corp | 0.72% | 318.97 | +0.62% | -1.34% | -5.88% | +11.45% | 41 |
| TDG Transdigm Group Inc | 0.70% | 1076.01 | -0.38% | -4.51% | -12.79% | -19.09% | 7 |
| ITW Illinois Tool Works | 0.67% | 267.51 | +0.07% | +0.87% | -6.02% | +9.30% | 41 |
| FIX Comfort Systems USA | 0.66% | 1573.96 | -0.84% | -1.06% | -9.49% | +68.80% | 21 |
| REL.LSE RELX PLC | 0.62% | 2570.00 | +1.06% | +3.05% | +1.18% | -13.32% | 87 |
| URI United Rentals | 0.60% | 1002.53 | -0.37% | +1.36% | -10.20% | +24.41% | 19 |
| CTAS Cintas Corp | 0.60% | 197.96 | -0.75% | -0.24% | -0.75% | +5.50% | 76 |
| PCAR Paccar Inc | 0.59% | 117.36 | -0.73% | -4.25% | -8.33% | +7.78% | 29 |
| LHX L3Harris Technologies | 0.59% | 250.46 | -0.11% | +0.84% | -10.40% | -14.39% | 19 |
| GWW W.W. Grainger | 0.56% | 1262.61 | +0.35% | -0.70% | -3.92% | +25.62% | 58 |
| AME Ametek Inc | 0.53% | 234.32 | +0.92% | +0.18% | -6.27% | +14.31% | 39 |
| FAST Fastenal Company | 0.51% | 49.18 | +0.31% | +0.35% | -4.08% | +23.89% | 56 |
| ROK Rockwell Automation Inc | 0.51% | 410.05 | -1.17% | -2.69% | -5.45% | +6.08% | 45 |
| DAL Delta Air Lines Inc | 0.51% | 79.43 | +2.00% | +1.52% | -7.32% | +15.07% | 33 |
| CARR Carrier Global Corp | 0.50% | 54.39 | +0.24% | -3.97% | -11.45% | +3.74% | 13 |
| ATCO-A.ST ATLAS COPCO CLASS A | 0.48% | 199.15 | +1.74% | -1.17% | -0.52% | +21.67% | 79 |
| DSV.CO DSV | 0.48% | 1311.50 | +4.84% | -1.32% | -4.30% | -18.43% | 56 |
| LR.PA LEGRAND SA | 0.47% | 136.30 | +0.74% | -2.29% | +1.08% | +7.11% | 85 |
| WAB Wabtec Corp | 0.45% | 278.82 | +0.89% | -0.52% | -5.39% | +30.94% | 47 |
| RSG Republic Services | 0.43% | 218.93 | -0.40% | -0.97% | +0.90% | +3.90% | 84 |
| WCN Waste Connections Inc | 0.41% | 155.23 | -0.81% | -2.64% | -6.22% | -11.09% | 39 |
| SGO.PA COMPAGNIE DE SAINT GOBAIN SA | 0.40% | 70.34 | +0.98% | -1.37% | -12.95% | -19.11% | 7 |
| ODFL Old Dominion Freight Line | 0.39% | 175.09 | +0.42% | -3.02% | -15.82% | +11.82% | 2 |
| EME Emcor Group | 0.39% | 729.26 | -1.38% | -2.55% | -11.55% | +19.33% | 13 |
| ASSA-B.ST ASSA ABLOY B | 0.37% | 346.10 | +0.67% | +1.41% | -0.80% | -2.70% | 74 |
| FER Ferrovial N.V. | 0.33% | 54.65 | -0.85% | -1.53% | -13.80% | -15.42% | 5 |
| EXPN.LSE EXPERIAN PLC | 0.33% | 2800.00 | +0.57% | +0.76% | -2.61% | -16.36% | 64 |
| UAL United Airlines Holdings | 0.33% | 107.64 | +1.26% | +1.08% | -9.33% | -3.74% | 24 |
| VWS.CO VESTAS WIND SYSTEMS | 0.32% | 210.30 | +1.94% | -0.52% | +0.48% | +21.76% | 81 |
| AXON Axon Enterprise | 0.31% | 453.50 | -3.19% | -5.29% | -26.84% | -20.15% | 0 |
| CPRT Copart Inc | 0.31% | 29.66 | -3.76% | -3.54% | -5.87% | -24.24% | 42 |
| PAYX Paychex Inc | 0.31% | 116.51 | -0.18% | +1.15% | -2.85% | +4.94% | 63 |
| ACS.MC ACS ACTIVIDADES DE CONSTRUCCION Y | 0.31% | 93.65 | +0.32% | -3.25% | -11.98% | +10.91% | 10 |
| OTIS Otis Worldwide Corp | 0.29% | 68.70 | -0.79% | +1.19% | -2.35% | -20.51% | 66 |
| DOV Dover Corp | 0.29% | 189.24 | +0.47% | +1.00% | -6.81% | -2.61% | 36 |
| XYL Xylem Inc | 0.27% | 107.60 | +0.31% | +0.99% | -5.20% | -20.72% | 49 |
| ATCO-B.ST ATLAS COPCO CLASS B | 0.27% | 172.45 | +1.35% | -1.20% | -1.17% | +16.48% | 71 |
| IR Ingersoll Rand Inc | 0.26% | 72.65 | +1.69% | -0.60% | -10.05% | -8.25% | 20 |
| HUBB Hubbell Inc B | 0.25% | 443.23 | +0.95% | -2.03% | -8.40% | +0.37% | 28 |
| HO.PA THALES SA | 0.25% | 238.30 | -1.08% | +5.86% | -8.28% | +3.70% | 30 |
| VRSK Verisk Analytics Inc | 0.24% | 176.48 | -2.90% | +0.62% | -1.33% | -20.91% | 70 |
| KNEBV.HE KONE | 0.23% | 50.46 | +0.60% | +1.33% | +0.88% | -14.11% | 84 |
| DTG Dte Energy Company 2021 Sr E | 0.23% | 16.16 | -0.55% | +3.59% | +1.51% | -1.21% | 89 |
| VLTO Veralto Corporation | 0.22% | 95.25 | -0.52% | +1.93% | -0.85% | -4.40% | 73 |
| CHRW C.H. Robinson Ww | 0.22% | 153.82 | +0.23% | +0.92% | +6.32% | -3.66% | 96 |
| EXPD Expeditors Intl | 0.22% | 189.08 | +0.02% | -0.13% | +1.68% | +27.54% | 90 |
| GEBN.SW GEBERIT AG | 0.21% | 545.00 | +0.04% | -0.40% | -3.74% | -9.90% | 61 |
| AENA.MC AENA SME SA | 0.21% | 25.48 | +2.00% | +3.92% | -3.85% | +10.74% | 59 |
| VACN.SW VAT GROUP AG | 0.21% | 595.00 | +1.50% | -2.55% | -2.20% | +56.07% | 67 |
| LUV Southwest Airlines Company | 0.20% | 40.34 | +3.04% | +4.26% | -5.06% | -1.97% | 51 |
| EFX Equifax Inc | 0.20% | 161.17 | -1.61% | -4.09% | -11.37% | -25.26% | 16 |
| JBHT J B Hunt Transport | 0.20% | 236.80 | +0.03% | -11.59% | -13.64% | +22.32% | 6 |
| WRT1V.HE WARTSILA | 0.20% | 29.08 | +4.38% | +1.36% | -0.07% | -2.84% | 80 |
| SNA Snap-On Inc | 0.19% | 371.62 | -0.36% | -0.86% | -5.51% | +9.27% | 44 |
| SGSN.SW SGS SA | 0.19% | 93.34 | +0.37% | +0.52% | +0.15% | +6.71% | 81 |
| FTV Fortive Corp | 0.19% | 55.07 | -0.42% | +1.03% | -7.37% | -0.14% | 32 |
| BR Broadridge Financial Solutions | 0.18% | 164.31 | -1.66% | -2.34% | -3.27% | -25.97% | 62 |
| EPI-A.ST EPIROC CLASS A | 0.18% | 256.20 | +1.59% | +0.83% | +2.85% | +22.06% | 94 |
| WKL.AS WOLTERS KLUWER NV | 0.17% | 70.08 | +1.80% | +5.86% | -0.76% | -20.67% | 75 |
| LDOS Leidos Holdings Inc | 0.16% | 130.96 | +1.24% | +1.42% | -8.73% | -27.23% | 26 |
| ROL Rollins Inc | 0.16% | 33.00 | -1.58% | -4.51% | -9.14% | -44.66% | 25 |
| TXT Textron Inc | 0.16% | 80.91 | +0.25% | +2.18% | -7.14% | -7.16% | 33 |
| IEX Idex Corp | 0.16% | 221.89 | +0.18% | +0.19% | -5.24% | +25.60% | 47 |
| NDSN Nordson Corp | 0.16% | 311.74 | +0.88% | +1.40% | +2.48% | +30.06% | 92 |
| LII Lennox International | 0.16% | 359.08 | -0.54% | -3.63% | -12.64% | -25.83% | 8 |
| KOG.OL KONGSBERG GRUPPEN | 0.15% | 323.60 | +2.15% | +7.15% | +0.72% | +25.81% | 83 |
| RTO Rentokil Initial Plc ADR | 0.15% | 326.20 | -0.55% | -1.51% | -5.64% | -26.21% | 44 |
| GNRC Generac Holdings Inc | 0.15% | 207.23 | +18.34% | +14.07% | -2.05% | +51.96% | 67 |
| RYA.IR RYANAIR HOLDINGS PLC | 0.15% | 22.60 | +1.25% | +0.62% | -1.14% | -23.00% | 72 |
| MAS Masco Corp | 0.14% | 68.23 | -0.07% | +0.87% | -6.61% | +8.49% | 36 |
| J Jacobs Engineering Group | 0.14% | 144.16 | +0.47% | +2.58% | +1.16% | +9.46% | 87 |
| KRX.IR KINGSPAN GROUP PLC | 0.13% | 96.75 | -0.82% | -5.52% | -5.05% | +30.97% | 52 |
| DPLM.LSE DIPLOMA PLC | 0.13% | 7330.00 | +2.23% | +4.34% | +2.52% | +39.92% | 93 |
| METSO.HE METSO CORPORATION | 0.13% | 17.54 | -0.90% | -1.02% | +9.56% | +18.68% | 98 |
| HII Huntington Ingalls Industries | 0.13% | 277.14 | -0.34% | -1.61% | -12.34% | -17.90% | 9 |
| PNR Pentair Ltd | 0.12% | 55.72 | -1.31% | -1.78% | -12.32% | -46.20% | 10 |
| SWK Stanley Black & Decker | 0.12% | 89.12 | +0.08% | -0.12% | -9.43% | +21.31% | 22 |
| KNIN.SW KUEHNE UND NAGEL INTERNATIONAL AG | 0.12% | 216.50 | -0.37% | +1.07% | +1.93% | +30.86% | 91 |
| TRI Thomson Reuters Corp | 0.12% | 99.48 | -1.81% | +3.94% | -0.75% | -22.89% | 76 |
| ALLE Allegion Plc | 0.12% | 153.63 | +0.54% | +1.92% | -3.88% | -3.15% | 59 |
| BVI.PA BUREAU VERITAS SA | 0.11% | 27.59 | -1.08% | -1.00% | +0.55% | +5.08% | 82 |
| EN.PA BOUYGUES SA | 0.11% | 44.85 | +0.67% | +2.28% | -3.96% | +5.42% | 57 |
| SMIN Ishares MSCI India Small Cap ETF | 0.11% | 69.95 | +1.55% | -1.48% | -1.77% | +0.06% | 68 |
| BNZL.LSE BUNZL | 0.11% | 2638.00 | +1.46% | +2.57% | -4.90% | +29.95% | 53 |
| FGR.PA EIFFAGE SA | 0.11% | 108.00 | +0.28% | +1.22% | -9.40% | -8.36% | 23 |
| PAC Grupo Aeroportuario Del Pacifico ADR | 0.10% | 199.56 | -1.06% | -2.44% | -2.48% | -24.30% | 64 |
| EPI-B.ST EPIROC CLASS B | 0.10% | 216.20 | +1.41% | -0.09% | +1.31% | +16.76% | 88 |
| ADDT-B.ST ADDTECH CLASS B | 0.10% | 330.00 | +1.41% | +1.60% | -0.57% | +0.79% | 78 |
| SKA-B.ST SKANSKA B | 0.09% | 271.00 | +1.38% | +2.26% | +3.32% | +13.71% | 95 |
| CAE Cae Inc | 0.09% | 24.23 | +0.75% | +2.32% | -6.88% | -20.35% | 34 |
| BLDR Builders Firstsource | 0.08% | 57.68 | -3.30% | -2.19% | -14.70% | -43.94% | 4 |
| MRO Marathon Oil Corp | 0.08% | 485.90 | +1.38% | +2.53% | -0.39% | -16.65% | 79 |
| TREL-B.ST TRELLEBORG B | 0.08% | 452.80 | +0.53% | +1.71% | +6.34% | +17.71% | 97 |
| SPX.LSE SPIRAX GROUP PLC | 0.07% | 6970.00 | +1.68% | +1.98% | -0.57% | +3.89% | 77 |
| NIBE-B.ST NIBE INDUSTRIER CLASS B | 0.07% | 42.98 | +0.73% | -2.38% | +13.22% | +20.66% | 99 |
| IMCD.AS IMCD NV | 0.07% | 95.46 | -0.38% | -3.11% | -1.63% | +25.64% | 70 |
| LTM Latam Airlines Group S.A. ADR | 0.06% | 51.35 | +2.56% | +1.32% | +1.60% | -4.68% | 90 |
| AOS Smith A.O. Corp | 0.06% | 56.93 | +0.07% | +0.39% | -6.46% | -13.97% | 38 |
| ADEN.SW ADECCO GROUP AG | 0.03% | 24.46 | +3.21% | +1.66% | +2.69% | +11.39% | 93 |
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
EXI dispersion — data Q&A
Is EXI's move broad or carried by a few names (21 sessions)?
As of 2026-09-17: over 21 sessions the fund returned -5.06% while its median constituent returned -5.08% — a dispersion of 6.18 pp; 48% of 135 members beat the fund. Broad decline - breadth is falling with price.
How did EXI's members trade in the last session?
As of 2026-09-17: fund +0.67%, median member +0.32%, 83 advancers vs 51 decliners.
What does the dispersion page for EXI 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. 135 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.