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 -1.55pp sector return − SPY
RS vs Nasdaq-100 21d +1.94pp sector return − QQQ
Improving below the surface - the A/D line is rising while price is flat-to-down; more names participating than the headline shows. Last 21 sessions — price +0.18% · A/D +62 (+0.47/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 | +1.29% | +0.56 | -3pp | +0.44pp | Confirming ↑ |
| 1 month | +0.18% | +0.47 | -6pp | -0.19pp | Improving |
| 1 quarter | +3.21% | +1.85 | +13pp | +3.95pp | Confirming ↑ |
Over the last 126 sessions: price up +6.11%, breadth up (+1.61/name) · % beating 41→54 · median−ETF -2.06pp→+1.59pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.28% | +1.38% | +0.10pp | 111 / 19 | 69 / 62 | 70 of 131 | ±2% |
| 5d | +1.29% | +0.88% | -0.41pp | 75 / 56 | 57 / 74 | 26 of 131 | ±5.17% |
| 21d | +0.18% | +0.81% | +0.63pp | 70 / 61 | 69 / 62 | 11 of 131 | ±9.03% |
| YTD | +14.51% | +10.86% | -3.65pp | 95 / 36 | 58 / 73 | 5 of 131 | ±21.47% |
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)
- BA+8.03%+0.14pp
- VRT+8.89%+0.11pp
- ETN+5.55%+0.08pp
- GE+2.46%+0.08pp
- CAT+1.87%+0.08pp
- DSV.CO-2.10%-0.01pp
- CSX-1.13%-0.01pp
- UNP-0.31%0pp
- GWW-0.79%0pp
- JBHT-1.78%0pp
This month (21d)
- RTX+8.73%+0.21pp
- ETN+9.96%+0.15pp
- HON+7.36%+0.11pp
- ADP+11.36%+0.1pp
- EMR+11.36%+0.09pp
- CAT-13.86%-0.57pp
- GEV-9.55%-0.28pp
- ENR-12.24%-0.18pp
- VRT-12.47%-0.16pp
- ABBN.SW-8.35%-0.14pp
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)
- ADEN.SW+44.40%
- WKL.AS+20.83%
- IMCD.AS+16.62%
- ALLE+14.72%
- TRI+13.90%
- LII-23.69%
- CHRW-22.57%
- GNRC-20.36%
- RTO-19.84%
- DSV.CO-17.13%
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 — 131 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CAT Caterpillar Inc | 4.13% | 830.03 | +1.87% | -4.95% | -13.86% | +45.51% | 6 |
| GE GE Aerospace | 3.25% | 368.93 | +2.46% | +2.02% | -2.15% | +19.95% | 37 |
| GEV GE Vernova Inc | 2.89% | 1006.76 | +1.66% | +1.02% | -9.55% | +54.25% | 12 |
| RTX Rtx Corp | 2.42% | 216.65 | +0.66% | -0.81% | +8.73% | +18.52% | 85 |
| SIE.XETRA SIEMENS N AG | 2.31% | 285.30 | +0.94% | +4.60% | +0.42% | +21.83% | 48 |
| BA Boeing Company | 1.77% | 233.49 | +8.03% | +10.40% | +3.09% | +7.54% | 64 |
| SU Suncor Energy Inc | 1.70% | 290.10 | +0.17% | +9.22% | +3.57% | +23.50% | 67 |
| ABBN.SW ABB LTD | 1.65% | 80.08 | +0.70% | +1.37% | -8.35% | +37.23% | 14 |
| UNP Union Pacific Corp | 1.61% | 291.23 | -0.31% | -2.70% | +3.18% | +27.21% | 66 |
| UBER UBER Technologies Inc | 1.55% | 71.61 | +1.78% | +5.03% | -3.79% | -12.36% | 24 |
| ETN Eaton Corp | 1.52% | 438.23 | +5.55% | +9.93% | +9.96% | +38.02% | 89 |
| ENR Energizer Holdings Inc | 1.49% | 147.54 | +0.07% | -0.57% | -12.24% | +23.06% | 8 |
| HON Honeywell International | 1.46% | 246.77 | +1.53% | +0.42% | +7.36% | +27.12% | 82 |
| RR.LSE ROLLS-ROYCE HOLDINGS PLC | 1.40% | 1506.80 | +2.66% | +6.59% | +0.17% | +31.60% | 47 |
| DE Deere & Company | 1.38% | 605.06 | +2.09% | -3.19% | -2.61% | +30.34% | 34 |
| VRT Vertiv Holdings Llc. | 1.27% | 263.05 | +8.89% | -8.54% | -12.47% | +62.41% | 8 |
| AIR AAR Corp | 1.22% | 208.00 | +2.87% | -0.43% | +0.90% | +6.78% | 50 |
| PH Parker-Hannifin Corp | 1.12% | 997.52 | +2.15% | +1.03% | +3.60% | +13.96% | 68 |
| PWR Quanta Services | 1.10% | 680.20 | +1.92% | +9.66% | +1.78% | +61.24% | 53 |
| LMT Lockheed Martin Corp | 1.09% | 586.29 | +0.61% | +1.08% | +7.40% | +21.86% | 82 |
| HWM Howmet Aerospace Inc | 1.07% | 286.34 | +1.45% | -0.56% | +5.89% | +39.81% | 79 |
| TT Trane Technologies Plc | 1.02% | 461.21 | +1.38% | -4.58% | -3.54% | +19.06% | 29 |
| ADP Automatic Data Processing | 0.91% | 269.78 | +1.25% | +5.80% | +11.36% | +5.75% | 92 |
| CMI Cummins Inc | 0.91% | 648.85 | +2.31% | -1.96% | -1.94% | +27.94% | 37 |
| GD General Dynamics Corp | 0.88% | 382.43 | -0.26% | -1.72% | +2.38% | +14.59% | 60 |
| CSX CSX Corp | 0.88% | 49.83 | -1.13% | -3.80% | +1.92% | +37.91% | 56 |
| FDX Fedex Corp | 0.86% | 309.24 | +0.60% | -0.50% | -1.20% | +7.49% | 40 |
| JCI Johnson Controls Intl | 0.85% | 146.39 | -0.18% | +2.09% | +4.00% | +22.62% | 72 |
| WM Waste Management | 0.83% | 226.43 | -0.05% | -4.82% | -1.72% | +3.92% | 38 |
| MMM 3M Company | 0.82% | 177.23 | +0.54% | -0.56% | +10.46% | +11.20% | 89 |
| BA BAE SYSTEMS PLC | 0.81% | 233.49 | +8.03% | +10.40% | +3.09% | +7.54% | 64 |
| EMR Emerson Electric Company | 0.78% | 154.85 | +3.36% | +3.72% | +11.36% | +17.60% | 92 |
| NOC Northrop Grumman Corp | 0.75% | 548.47 | +1.10% | +0.16% | -0.10% | -3.50% | 46 |
| UPS United Parcel Service | 0.75% | 106.87 | +2.54% | -5.38% | -3.42% | +9.25% | 30 |
| DG Dollar General Corp | 0.73% | 127.72 | +0.53% | +3.65% | +8.63% | -2.94% | 85 |
| NSC Norfolk Southern Corp | 0.72% | 336.65 | +0.35% | -1.95% | +4.32% | +17.62% | 75 |
| TDG Transdigm Group Inc | 0.70% | 1285.56 | +2.49% | -0.06% | -4.67% | -3.33% | 24 |
| ITW Illinois Tool Works | 0.67% | 288.49 | +0.54% | +1.29% | +5.77% | +17.87% | 78 |
| FIX Comfort Systems USA | 0.66% | 1770.96 | +2.39% | +2.34% | +1.70% | +89.93% | 53 |
| REL.LSE RELX PLC | 0.62% | 2649.00 | +1.61% | -1.23% | +13.50% | -10.65% | 95 |
| URI United Rentals | 0.60% | 1115.92 | +3.40% | -1.06% | +1.58% | +38.48% | 52 |
| CTAS Cintas Corp | 0.60% | 204.01 | -0.30% | -3.30% | +12.48% | +8.73% | 94 |
| PCAR Paccar Inc | 0.59% | 132.06 | -0.47% | -1.03% | +10.51% | +21.28% | 90 |
| LHX L3Harris Technologies | 0.59% | 277.86 | +0.29% | -8.44% | -8.01% | -5.02% | 15 |
| GWW W.W. Grainger | 0.56% | 1371.25 | -0.79% | -1.98% | +2.11% | +36.43% | 59 |
| AME Ametek Inc | 0.53% | 243.77 | +0.85% | +0.27% | +3.90% | +18.92% | 70 |
| FAST Fastenal Company | 0.51% | 48.11 | +0.84% | +1.54% | -1.01% | +21.19% | 41 |
| ROK Rockwell Automation Inc | 0.51% | 480.98 | +0.19% | +3.21% | +1.97% | +24.43% | 57 |
| DAL Delta Air Lines Inc | 0.51% | 91.59 | +4.75% | +5.68% | -1.01% | +32.68% | 42 |
| CARR Carrier Global Corp | 0.50% | 63.17 | +2.20% | -8.89% | -9.85% | +20.49% | 11 |
| ATCO-A.ST ATLAS COPCO CLASS A | 0.48% | 203.10 | +0.99% | +0.74% | +2.89% | +24.08% | 63 |
| DSV.CO DSV | 0.48% | 1376.00 | -2.10% | -1.57% | -17.13% | -14.42% | 3 |
| LR.PA LEGRAND SA | 0.47% | 134.50 | +2.36% | +1.97% | -6.17% | +5.70% | 22 |
| WAB Wabtec Corp | 0.45% | 296.47 | +1.93% | -1.47% | +13.07% | +39.23% | 95 |
| RSG Republic Services | 0.43% | 209.62 | -0.44% | -3.36% | -3.55% | -0.52% | 27 |
| WCN Waste Connections Inc | 0.41% | 167.81 | +0.26% | -0.91% | -0.60% | -3.89% | 44 |
| SGO.PA COMPAGNIE DE SAINT GOBAIN SA | 0.40% | 83.52 | +2.76% | +11.78% | +4.09% | -3.96% | 73 |
| ODFL Old Dominion Freight Line | 0.39% | 211.52 | -0.29% | -6.72% | -2.82% | +35.09% | 32 |
| EME Emcor Group | 0.39% | 817.42 | +2.51% | +10.05% | +5.52% | +33.76% | 77 |
| ASSA-B.ST ASSA ABLOY B | 0.37% | 360.40 | +2.07% | +3.18% | +5.10% | +1.32% | 76 |
| FER Ferrovial N.V. | 0.33% | 66.08 | +1.51% | +5.12% | -2.42% | +2.28% | 34 |
| EXPN.LSE EXPERIAN PLC | 0.33% | 2811.00 | +0.75% | +0.25% | +6.32% | -16.03% | 79 |
| UAL United Airlines Holdings | 0.33% | 128.39 | +5.82% | +6.49% | -3.70% | +14.82% | 26 |
| VWS.CO VESTAS WIND SYSTEMS | 0.32% | 175.35 | +0.46% | +2.36% | -6.33% | +1.52% | 21 |
| AXON Axon Enterprise | 0.31% | 575.88 | +9.12% | +9.59% | -3.54% | +1.40% | 28 |
| CPRT Copart Inc | 0.31% | 29.35 | +0.79% | -1.48% | -2.20% | -25.03% | 36 |
| PAYX Paychex Inc | 0.31% | 117.67 | +0.71% | +2.96% | +10.64% | +5.98% | 91 |
| ACS.MC ACS ACTIVIDADES DE CONSTRUCCION Y | 0.31% | 110.20 | -0.09% | +1.19% | -11.49% | +30.51% | 10 |
| OTIS Otis Worldwide Corp | 0.29% | 72.19 | +0.33% | -1.37% | -1.30% | -16.47% | 39 |
| DOV Dover Corp | 0.29% | 205.72 | +0.54% | -0.06% | -3.74% | +5.87% | 25 |
| XYL Xylem Inc | 0.27% | 119.08 | +1.80% | -0.90% | +0.81% | -12.26% | 50 |
| ATCO-B.ST ATLAS COPCO CLASS B | 0.27% | 177.10 | +0.71% | -0.42% | +2.67% | +19.62% | 63 |
| IR Ingersoll Rand Inc | 0.26% | 87.78 | +5.28% | +3.69% | +8.92% | +10.86% | 86 |
| HUBB Hubbell Inc B | 0.25% | 476.04 | +0.74% | -4.40% | -2.27% | +7.80% | 35 |
| HO.PA THALES SA | 0.25% | 253.80 | +3.21% | +4.27% | +6.55% | +10.44% | 80 |
| VRSK Verisk Analytics Inc | 0.24% | 193.11 | -0.89% | -6.56% | +2.53% | -13.45% | 62 |
| KNEBV.HE KONE | 0.23% | 50.28 | +0.36% | +0.88% | -1.30% | -14.41% | 40 |
| VLTO Veralto Corporation | 0.22% | 94.82 | +0.69% | +0.57% | +2.45% | -4.83% | 61 |
| CHRW C.H. Robinson Ww | 0.22% | 147.00 | -0.49% | -15.74% | -22.57% | -7.93% | 1 |
| EXPD Expeditors Intl | 0.22% | 170.59 | +1.61% | -0.44% | +1.80% | +15.07% | 54 |
| GEBN.SW GEBERIT AG | 0.21% | 546.60 | +2.71% | +5.60% | +0.48% | -9.63% | 49 |
| AENA.MC AENA SME SA | 0.21% | 26.82 | +0.52% | -1.40% | -2.61% | +16.57% | 33 |
| VACN.SW VAT GROUP AG | 0.21% | 607.40 | +0.90% | -2.41% | -14.38% | +59.32% | 5 |
| LUV Southwest Airlines Company | 0.20% | 47.07 | +4.67% | +3.72% | -6.33% | +14.38% | 21 |
| EFX Equifax Inc | 0.20% | 174.11 | +0.86% | -1.80% | +1.19% | -19.26% | 51 |
| JBHT J B Hunt Transport | 0.20% | 266.91 | -1.78% | -5.00% | -6.62% | +37.87% | 19 |
| WRT1V.HE WARTSILA | 0.20% | 29.76 | +1.43% | -0.80% | -8.91% | -0.57% | 13 |
| SNA Snap-On Inc | 0.19% | 409.41 | -0.24% | +0.49% | -0.65% | +20.38% | 43 |
| SGSN.SW SGS SA | 0.19% | 97.12 | +1.40% | +2.40% | +1.91% | +11.03% | 55 |
| FTV Fortive Corp | 0.19% | 59.46 | +0.42% | -5.50% | -5.09% | +7.82% | 23 |
| BR Broadridge Financial Solutions | 0.18% | 157.34 | +2.20% | +2.98% | +9.30% | -29.11% | 88 |
| EPI-A.ST EPIROC CLASS A | 0.18% | 245.50 | +0.57% | -0.12% | -8.12% | +16.96% | 15 |
| WKL.AS WOLTERS KLUWER NV | 0.17% | 69.62 | +2.56% | +3.36% | +20.83% | -21.19% | 98 |
| LDOS Leidos Holdings Inc | 0.16% | 118.72 | +2.70% | +3.28% | +9.08% | -34.03% | 87 |
| ROL Rollins Inc | 0.16% | 38.19 | +0.58% | -2.25% | -11.96% | -35.96% | 9 |
| TXT Textron Inc | 0.16% | 86.39 | +1.33% | -10.13% | -6.61% | -0.87% | 20 |
| IEX Idex Corp | 0.16% | 232.70 | +0.98% | +3.96% | +4.31% | +31.72% | 74 |
| NDSN Nordson Corp | 0.16% | 302.62 | +1.63% | +1.76% | +4.22% | +26.25% | 73 |
| LII Lennox International | 0.16% | 435.00 | +4.60% | -20.53% | -23.69% | -10.15% | 0 |
| KOG.OL KONGSBERG GRUPPEN | 0.15% | 302.90 | +2.26% | +3.95% | -7.68% | +17.76% | 18 |
| RTO Rentokil Initial Plc ADR | 0.15% | 356.80 | +3.48% | -16.44% | -19.84% | -19.28% | 2 |
| GNRC Generac Holdings Inc | 0.15% | 201.21 | +2.08% | +1.86% | -20.36% | +47.55% | 2 |
| RYA.IR RYANAIR HOLDINGS PLC | 0.15% | 24.80 | +2.23% | +0.94% | -7.98% | -15.50% | 16 |
| MAS Masco Corp | 0.14% | 74.73 | +4.55% | -7.92% | -9.71% | +18.83% | 11 |
| J Jacobs Engineering Group | 0.14% | 138.72 | +2.81% | +2.58% | +8.47% | +5.33% | 84 |
| KRX.IR KINGSPAN GROUP PLC | 0.13% | 81.30 | +1.31% | +7.54% | -0.43% | +10.06% | 44 |
| DPLM.LSE DIPLOMA PLC | 0.13% | 7480.00 | +2.19% | -1.97% | +3.89% | +42.79% | 69 |
| METSO.HE METSO CORPORATION | 0.13% | 16.22 | +0.68% | +1.19% | +2.40% | +9.75% | 60 |
| HII Huntington Ingalls Industries | 0.13% | 325.95 | -0.15% | +13.08% | +11.82% | -3.44% | 93 |
| PNR Pentair Ltd | 0.12% | 67.07 | +2.49% | +6.16% | -12.58% | -35.24% | 7 |
| SWK Stanley Black & Decker | 0.12% | 98.11 | +3.73% | +4.18% | +6.76% | +33.55% | 81 |
| KNIN.SW KUEHNE UND NAGEL INTERNATIONAL AG | 0.12% | 202.60 | -1.51% | +0.45% | -3.06% | +22.46% | 31 |
| TRI Thomson Reuters Corp | 0.12% | 101.61 | +3.55% | +3.94% | +13.90% | -21.24% | 96 |
| ALLE Allegion Plc | 0.12% | 161.28 | +2.47% | +1.99% | +14.72% | +1.68% | 97 |
| BVI.PA BUREAU VERITAS SA | 0.11% | 28.25 | +2.13% | +4.36% | +3.86% | +7.60% | 69 |
| EN.PA BOUYGUES SA | 0.11% | 49.28 | +1.07% | +4.96% | +1.97% | +15.83% | 56 |
| SMIN Ishares MSCI India Small Cap ETF | 0.11% | 70.71 | +1.00% | +1.80% | -0.14% | +1.14% | 45 |
| BNZL.LSE BUNZL | 0.11% | 2796.00 | -0.21% | +1.01% | +3.94% | +37.73% | 71 |
| FGR.PA EIFFAGE SA | 0.11% | 124.95 | +1.38% | +3.05% | -3.59% | +6.02% | 27 |
| PAC Grupo Aeroportuario Del Pacifico ADR | 0.10% | 218.14 | +0.36% | +0.86% | -14.02% | -17.26% | 5 |
| EPI-B.ST EPIROC CLASS B | 0.10% | 208.60 | +0.00% | -0.38% | -7.78% | +12.66% | 18 |
| ADDT-B.ST ADDTECH CLASS B | 0.10% | 352.00 | +1.56% | +3.35% | +1.97% | +7.51% | 58 |
| SKA-B.ST SKANSKA B | 0.09% | 268.30 | +0.60% | +1.55% | +0.26% | +12.58% | 47 |
| BLDR Builders Firstsource | 0.08% | 72.48 | +9.09% | -0.33% | -14.42% | -29.56% | 4 |
| MRO Marathon Oil Corp | 0.08% | 463.30 | +1.98% | -1.91% | -7.86% | -20.52% | 17 |
| TREL-B.ST TRELLEBORG B | 0.08% | 434.20 | +2.74% | +2.89% | +3.48% | +12.87% | 66 |
| SPX.LSE SPIRAX GROUP PLC | 0.07% | 7100.00 | +2.23% | +1.65% | +4.80% | +5.83% | 76 |
| NIBE-B.ST NIBE INDUSTRIER CLASS B | 0.07% | 38.83 | +1.81% | +4.80% | +8.04% | +9.01% | 83 |
| IMCD.AS IMCD NV | 0.07% | 97.38 | +2.74% | +10.81% | +16.62% | +28.16% | 98 |
| AOS Smith A.O. Corp | 0.06% | 60.73 | +1.00% | -2.15% | -3.17% | -8.23% | 31 |
| ADEN.SW ADECCO GROUP AG | 0.03% | 23.32 | +3.64% | +2.46% | +44.40% | +6.20% | 99 |
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.