Semiconductors ETF is an exchange-traded wrapper in the Etfs desk. Wrapper structure can affect public ranking, liquidity screens, and home-mover eligibility.
Canonical asset packet first: fundamentals, macro index exposure, entry value, and active narrative alignment. Driver rows link back to the public index that moved the score.
| Index | Driver | Reason | Weight | Condition | Contribution | As Of |
|---|---|---|---|---|---|---|
| ACSI | AI Compute Spending Index | compute supply | 7% | compute supply — tailwind Moderate signal—/100Tailwind +0.76σ | +0.054 | 2026-05-29 |
| RQRI | Risk-Quality Rotation Index | risk appetite | 5% | risk appetite — tailwind Moderate signal—/100Tailwind +0.77σ | +0.038 | 2026-05-29 |
| LFSI | Liquidity & Financial Stress Index | liquidity conditions | 8% | liquidity conditions — headwind Near normal—/100Headwind -0.24σ | -0.027 | 2026-05-29 |
| CRSI | Credit Spread Intensity Index | credit spreads | 5% | credit spreads — headwind Near normal—/100Headwind -0.29σ | -0.021 | 2026-05-29 |
| MSPM | Macro Surprise Pulse Meter | enterprise spend | 2% | enterprise spend — headwind Moderate signal—/100Headwind -0.85σ | -0.017 | 2026-05-29 |
| YCSI | Yield Curve Sentiment Index | duration headwind | 7% | duration headwind — tailwind Near normal—/100Tailwind +0.07σ | +0.007 | 2026-05-29 |
| DCAI | Data Center & AI Infrastructure Index | ai semiconductor demand | 7% | ai semiconductor demand — tailwind Near normal—/100Tailwind +0.01σ | +0.001 | 2026-05-29 |
What would make this thesis wrong, and where the near-term downside sits. Plain reads, not forecasts.
Invalidation analysis is deferred to v2 and will use contribution-weighted headwind thresholds.
