Index Concentration & Market Breadth Decomposer

Controls

Historical Regime Presets

Top 10 Mega-Caps Weight (%)

36.5%

Top 10 Return (%)

42.0%

Upper 40 Weight (%)

24.0%

Upper 40 Return (%)

16.5%

Mid 150 Weight (%)

23.5%

Mid 150 Return (%)

6.2%

Bottom 300 Weight (%)

16.0%

Bottom 300 Return (%)

-1.8%

Cap-Weighted Return—

Equal-Weighted Return—

Divergence Spread—

Median Constituent Return—

Herfindahl-Hirschman Index (HHI)—

Effective N of Stocks (N_eff)—

Top 10 Contribution Share—

Weight vs Return Contribution Distribution

Cap-Weighted vs Equal-Weighted Divergence Waterfall

Tier	Count	Weight %	Return %	Contribution %	Breadth % Beating Headline