Constituent dispersion · breadth vs the index
WTAI — WisdomTree AI & Innovation
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 | +0.00% | +0.87 | +22pp | +5.47pp | Improving |
| 1 month | -0.24% | -0.38 | +8pp | +1.20pp | Weakening |
| 1 quarter | -8.04% | -0.3 | +35pp | +11.25pp | Confirming ↓ |
Over the last 126 sessions: price up +37.93%, breadth up (+4.51/name) · % beating 43→65 · median−ETF -2.50pp→+3.25pp.
Stocks above their moving average — participation breadth
Of the 47 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 47 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 (45%) | 4 (9%) | +17 |
| 1-Month | 9 (19%) | 2 (4%) | +7 |
| 3-Month | 4 (9%) | 1 (2%) | +3 |
| 6-Month | 4 (9%) | 0 (0%) | +4 |
| 52-Week | 3 (7%) | 0 (0%) | +3 |
| YTD | 4 (9%) | 0 (0%) | +4 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +2.30% | +1.89% | -0.41pp | 35 / 11 | 16 / 31 | 19 of 47 | ±2.65% |
| 5d | +0.00% | +2.63% | +2.63pp | 37 / 10 | 37 / 10 | 8 of 47 | ±4.81% |
| 21d | -0.24% | +2.74% | +2.98pp | 30 / 17 | 31 / 16 | 2 of 47 | ±11% |
| YTD | +42.14% | +16.93% | -25.21pp | 33 / 14 | 18 / 29 | 1 of 47 | ±63.38% |
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)
- MU+5.50%+0.22pp
- ORCL+5.19%+0.17pp
- INTC+7.67%+0.15pp
- AMD+6.36%+0.14pp
- ALAB+9.06%+0.13pp
- CRM-2.90%-0.04pp
- SPOT-3.40%-0.03pp
- NOW-0.97%-0.02pp
- CHKP-1.06%-0.01pp
- LYFT-1.21%-0.01pp
This month (21d)
- CRM+23.81%+0.32pp
- NOW+15.88%+0.32pp
- AMD+12.53%+0.27pp
- INTC+12.52%+0.25pp
- TEAM+19.18%+0.22pp
- CRDO-31.60%-0.33pp
- CMI-15.30%-0.27pp
- AVGO-8.61%-0.27pp
- TER-12.65%-0.25pp
- VRT-11.39%-0.18pp
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)
- CRM+23.81%
- GTLB+21.13%
- TEAM+19.18%
- QCOM+17.80%
- DE+16.46%
- CRDO-31.60%
- CMI-15.30%
- TER-12.65%
- LSCC-12.62%
- SHOP-12.27%
WTAI — constituent leadership race
$100 in each covered WTAI 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 — 47 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| GOOGL Alphabet Cl A | 5.66% | 347.33 | +1.30% | +4.43% | +0.91% | +11.05% | 38 |
| NVDA Nvidia Corp | 4.20% | 219.34 | +2.54% | +0.45% | -0.18% | +17.75% | 34 |
| MU Micron Technology | 4.02% | 977.50 | +5.50% | +0.01% | +3.91% | +242.63% | 55 |
| AMZN Amazon.com Inc | 3.81% | 251.19 | +2.13% | -0.28% | -3.18% | +8.83% | 30 |
| ORCL Oracle Corp | 3.24% | 150.59 | +5.19% | -1.54% | +5.46% | -22.26% | 66 |
| AVGO Broadcom Ltd | 3.12% | 347.30 | +2.29% | -3.75% | -8.61% | +0.56% | 19 |
| MSFT Microsoft Corp | 3.10% | 497.75 | +1.52% | +1.08% | +3.54% | +3.16% | 53 |
| TSM Taiwan Semiconductor ADR | 2.24% | 430.26 | +3.00% | +0.79% | +4.08% | +41.90% | 60 |
| PANW Palo Alto Networks | 2.20% | 375.06 | -0.16% | +10.80% | +0.25% | +103.62% | 36 |
| AMD Adv Micro Devices | 2.17% | 545.09 | +6.36% | +8.24% | +12.53% | +154.52% | 83 |
| INTC Intel Corp | 1.99% | 108.80 | +7.67% | +8.45% | +12.52% | +194.85% | 81 |
| NOW Servicenow Inc | 1.99% | 138.47 | -0.97% | +5.57% | +15.88% | -9.61% | 87 |
| SNOW Snowflake Inc Cl A | 1.97% | 338.39 | +2.23% | +2.63% | +4.01% | +54.26% | 57 |
| TER Teradyne Inc | 1.94% | 353.13 | +3.51% | -4.61% | -12.65% | +82.52% | 4 |
| MRVL Marvell Technology Inc | 1.79% | 240.76 | +4.81% | +6.08% | +11.46% | +183.66% | 79 |
| CMI Cummins Inc | 1.78% | 523.88 | -0.69% | -4.75% | -15.30% | +3.30% | 2 |
| CLS Celestica Inc | 1.56% | 329.94 | +1.89% | +1.45% | +6.23% | +11.61% | 70 |
| VRT Vertiv Holdings Llc. | 1.55% | 241.49 | +0.87% | -2.65% | -11.39% | +49.09% | 11 |
| ASML ASML Holdings NY Reg ADR | 1.52% | 1629.67 | +1.71% | -3.42% | -9.61% | +52.86% | 13 |
| PLTR Palantir Technologies Cl A | 1.44% | 176.24 | +1.09% | +6.26% | +2.74% | -0.85% | 49 |
| ALAB Astera Labs Inc | 1.43% | 293.56 | +9.06% | +3.17% | -3.26% | +76.46% | 28 |
| MDB Mongodb Inc Cl A | 1.37% | 393.42 | +4.54% | +5.23% | -9.48% | -6.26% | 15 |
| CRM Salesforce Inc | 1.34% | 242.85 | -2.90% | +0.11% | +23.81% | -8.10% | 98 |
| CHKP Check Point Software | 1.32% | 136.23 | -1.06% | +4.38% | +4.54% | -26.58% | 62 |
| DOCN Digitalocean Holdings Inc | 1.30% | 132.98 | +7.45% | +1.47% | +6.17% | +176.35% | 68 |
| FROG Jfrog Ltd | 1.23% | 93.98 | +1.47% | +6.01% | +2.60% | +50.46% | 47 |
| CRWD Crowdstrike Holdings | 1.23% | 245.70 | +1.80% | +17.64% | +15.40% | +109.66% | 85 |
| CFLT Confluent Inc Cl A | 1.20% | 30.99 | +0.00% | +0.85% | +1.41% | +2.48% | 40 |
| TEAM Atlassian Corp | 1.14% | 194.26 | +2.09% | +8.18% | +19.18% | +19.81% | 94 |
| LSCC Lattice Semicond | 1.13% | 108.53 | +2.08% | -4.92% | -12.62% | +47.50% | 6 |
| ANET Arista Networks Inc | 1.09% | 199.53 | +1.01% | +5.58% | +3.29% | +52.28% | 51 |
| NET Cloudflare Inc Cl A | 1.08% | 333.94 | +2.86% | +7.32% | +10.81% | +69.38% | 77 |
| LYFT Lyft Inc Cl A | 1.07% | 15.50 | -1.21% | +3.20% | -8.45% | -19.98% | 21 |
| CRDO Credo Technology Group Holding Ltd | 1.05% | 168.25 | +4.19% | +4.95% | -31.60% | +16.93% | 0 |
| IBM Intl Business Machines | 0.97% | 237.75 | +0.11% | +1.59% | +2.18% | -19.28% | 43 |
| DDOG Datadog Inc Cl A | 0.92% | 236.00 | +2.26% | +6.44% | -4.07% | +73.54% | 26 |
| MCHP Microchip Technology | 0.91% | 70.82 | +1.77% | -1.06% | -8.88% | +11.80% | 17 |
| SYM Symbotic Inc | 0.89% | 44.61 | +3.48% | +8.54% | +10.26% | -25.03% | 74 |
| EQIX Equinix Inc | 0.84% | 1025.94 | +0.96% | +0.21% | -5.00% | +35.30% | 23 |
| SPOT Spotify Technology S.A. | 0.78% | 528.84 | -3.40% | +1.36% | +2.43% | -8.93% | 45 |
| DE Deere & Company | 0.68% | 685.63 | +2.41% | +1.13% | +16.46% | +47.70% | 89 |
| SAIL Sailpoint Inc | 0.66% | 20.19 | -0.83% | +14.46% | +5.16% | -0.20% | 64 |
| KR Kroger Company | 0.58% | 60.75 | -0.64% | +6.67% | +7.83% | -1.77% | 72 |
| NFLX Netflix Inc | 0.57% | 75.31 | -1.44% | -0.92% | -3.16% | -19.68% | 32 |
| SHOP Shopify Inc | 0.48% | 128.60 | -1.05% | +1.58% | -12.27% | -20.11% | 9 |
| GTLB Gitlab Inc Cl A | 0.46% | 50.27 | +3.08% | +6.28% | +21.13% | +33.95% | 96 |
| QCOM Qualcomm Inc | 0.43% | 188.71 | +2.09% | +6.69% | +17.80% | +11.03% | 91 |
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
WTAI dispersion — data Q&A
Is WTAI's move broad or carried by a few names (21 sessions)?
As of 2026-09-17: over 21 sessions the fund returned -0.24% while its median constituent returned +2.74% — a dispersion of 11.00 pp; 66% of 47 members beat the fund. Weakening below the surface - the A/D line is falling while price holds up; leadership is narrowing.
How did WTAI's members trade in the last session?
As of 2026-09-17: fund +2.30%, median member +1.89%, 35 advancers vs 11 decliners.
What does the dispersion page for WTAI 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. 47 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.