Latest Reading
Unavailable
Six-month relative performance of equal-weight versus cap-weight equity proxies.
Breadth / Concentration
Concentration risk gets dangerous when leadership stops broadening.
Both metrics on this page are explicit proxies, not constituent-perfect measurements, and the UI says so on purpose.
breadth
Equal-Weight vs Cap-Weight Relative 6M
Change Windows
1mUnavailable
3mUnavailable
1yUnavailable
Freshness
MARKET:RSPokMar 17, 2026
MARKET:SPYfailedUnavailable
Equal-Weight vs Cap-Weight Relative 6M history
Not enough historical data to render a chart yet.
Thresholds
healthyLeadership breadth is broad.0 pts
narrowingLeadership is narrowing somewhat.5 pts
concentratedBreadth is deteriorating materially.10 pts
extreme_concentrationLeadership is extremely narrow.15 pts
Methodology
Compares six-month returns of RSP and SPY as a breadth proxy.
((RSP_t / RSP_t_minus_6m) - 1 - ((SPY_t / SPY_t_minus_6m) - 1)) * 100
This is a proxy and is not the same as full constituent breadth.
ETF structure and sector exposures can influence the spread.
breadth
Top-10 Concentration Proxy
Latest Reading
36.70%
Curated proxy for the share of index weight represented by the top 10 names.
Change Windows
1m+0.60
3m+0.90
1y+1.60
Freshness
CURATED:TOP10_CONCENTRATION_PROXYokFeb 28, 2026
Top-10 Concentration Proxy history
2022-01-31 to 2026-02-28
Thresholds
diversifiedTop holdings concentration is contained.0 pts
elevatedConcentration is elevated.5 pts
highConcentration is high.10 pts
extremeConcentration is extreme.15 pts
Methodology
Uses a curated proxy series for top-10 concentration.
top10_concentration_proxy = curated_top10_share_percent
This is explicitly a proxy and not an official constituent-perfect measure.
The current implementation depends on a curated local source for reproducibility.