Constituent dispersion · breadth vs the index
CIBR — First Trust Nasdaq Cybersecurity
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 | +5.40% | +1.66 | -6pp | -2.63pp | Confirming ↑ |
| 1 month | +3.57% | +0.68 | -4pp | -0.67pp | Confirming ↑ |
| 1 quarter | +36.58% | +4.2 | +9pp | +3.72pp | Confirming ↑ |
Over the last 126 sessions: price up +35.18%, breadth up (+8.51/name) · % beating 49→55 · median−ETF -0.28pp→+0.71pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +2.27% | +2.16% | -0.11pp | 36 / 5 | 20 / 21 | 16 of 41 | ±2.23% |
| 5d | +5.40% | +4.46% | -0.94pp | 33 / 8 | 16 / 25 | 5 of 41 | ±7.73% |
| 21d | +3.57% | +4.41% | +0.84pp | 27 / 14 | 23 / 18 | 7 of 41 | ±12.31% |
| YTD | +31.66% | +19.80% | -11.86pp | 28 / 12 | 18 / 22 | 1 of 40 | ±42.48% |
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)
- CRWD+6.12%+0.65pp
- PANW+4.61%+0.47pp
- AKAM+2.34%+0.08pp
- GOOGL+4.88%+0.08pp
- MSFT+4.93%+0.07pp
- CHKP-3.27%-0.07pp
- CSCO-0.11%-0.01pp
- OKTA-0.25%-0.01pp
- ACN-0.10%0pp
- ATO.FP-0.50%0pp
This month (21d)
- NET+16.64%+0.71pp
- AVGO+8.82%+0.63pp
- NTAP+19.01%+0.47pp
- CRWD+4.41%+0.47pp
- FTNT+4.45%+0.42pp
- IBM-21.83%-0.37pp
- BB-25.98%-0.29pp
- FROG-13.09%-0.24pp
- CHKP-9.96%-0.21pp
- RBRK-10.64%-0.2pp
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)
- FSLY+27.03%
- MSFT+24.88%
- ACN+22.14%
- NTAP+19.01%
- ESTC+18.44%
- BB-25.98%
- IBM-21.83%
- ATEN-17.49%
- CVLT-16.70%
- FROG-13.09%
CIBR — constituent leadership race
$100 in each covered CIBR 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 — 41 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CRWD Crowdstrike Holdings | 10.55% | 202.54 | +6.12% | +12.45% | +4.41% | +72.83% | 49 |
| PANW Palo Alto Networks | 10.24% | 347.13 | +4.61% | +9.39% | -0.27% | +88.45% | 32 |
| FTNT Fortinet Inc | 9.41% | 163.21 | +0.78% | +7.11% | +4.45% | +105.53% | 51 |
| CSCO Cisco Systems Inc | 8.93% | 115.86 | -0.11% | +1.13% | +3.20% | +52.03% | 41 |
| AVGO Broadcom Ltd | 7.16% | 392.23 | +0.76% | +2.35% | +8.82% | +13.57% | 71 |
| NET Cloudflare Inc Cl A | 4.26% | 282.74 | +1.35% | +6.45% | +16.64% | +43.41% | 85 |
| AKAM Akamai Technologies | 3.54% | 117.88 | +2.34% | +4.46% | +4.16% | +35.11% | 46 |
| FFIV F5 Inc | 3.03% | 406.35 | +0.94% | -0.39% | -0.44% | +59.19% | 29 |
| DDOG Datadog Inc Cl A | 2.97% | 273.60 | +2.10% | +8.63% | +5.09% | +101.19% | 59 |
| OKTA Okta Inc Cl A | 2.94% | 141.57 | -0.25% | +3.01% | +0.11% | +63.72% | 37 |
| NTAP Netapp Inc | 2.46% | 182.92 | +2.48% | +7.73% | +19.01% | +72.52% | 90 |
| ZS Zscaler Inc | 2.44% | 154.46 | +2.16% | +4.86% | +4.84% | -31.33% | 56 |
| GEN Gen Digital Inc | 2.23% | 28.17 | +2.62% | +5.35% | +5.62% | +4.72% | 61 |
| CHKP Check Point Software | 2.11% | 122.97 | -3.27% | -7.37% | -9.96% | -33.73% | 15 |
| RBRK Rubrik Inc Cl A | 1.90% | 74.74 | +3.29% | -0.11% | -10.64% | -2.28% | 12 |
| FROG Jfrog Ltd | 1.81% | 82.40 | +3.27% | +1.44% | -13.09% | +31.92% | 10 |
| IBM Intl Business Machines | 1.71% | 226.31 | +1.19% | +4.64% | -21.83% | -23.16% | 2 |
| ANET Arista Networks Inc | 1.70% | 184.89 | +2.52% | +8.27% | +15.56% | +41.11% | 83 |
| DT Dynatrace Inc | 1.64% | 44.54 | +0.50% | +1.88% | -0.51% | +2.77% | 27 |
| GOOGL Alphabet Cl A | 1.63% | 373.51 | +4.88% | +14.38% | +3.78% | +19.42% | 44 |
| MSFT Microsoft Corp | 1.49% | 487.65 | +4.93% | +25.33% | +24.88% | +1.06% | 95 |
| BAH Booz Allen Hamilton Holding Corp | 1.36% | 71.15 | +2.05% | -0.68% | +13.93% | -15.02% | 78 |
| HO.FP Thales | 1.21% | 253.80 | +3.21% | +4.27% | +6.55% | +10.44% | 63 |
| INFY Infosys Ltd ADR | 1.19% | 12.25 | +1.83% | +4.70% | +9.77% | -29.77% | 76 |
| ACN Accenture Plc | 1.17% | 165.76 | -0.10% | +7.59% | +22.14% | -37.33% | 93 |
| BB Blackberry Ltd | 1.10% | 8.52 | +0.24% | +1.19% | -25.98% | +124.80% | 0 |
| LDOS Leidos Holdings Inc | 0.97% | 118.72 | +2.70% | +3.28% | +9.08% | -34.03% | 73 |
| ESTC Elastic N.V. | 0.94% | 68.74 | +4.48% | +12.25% | +18.44% | -8.88% | 88 |
| OTEX.TO Open Text Corporation | 0.93% | 35.54 | +0.08% | +12.61% | +8.78% | -18.69% | 68 |
| S Sentinelone Inc Cl A | 0.88% | 20.05 | +5.19% | +10.53% | +14.51% | +33.67% | 80 |
| SAIC Science Applications International | 0.81% | 120.12 | +2.55% | +1.38% | +8.61% | +20.19% | 66 |
| CVLT Commvault Systems | 0.77% | 124.93 | +6.05% | -16.41% | -16.70% | -0.34% | 7 |
| VRNS Varonis Systems Inc | 0.60% | 41.18 | +3.08% | -11.76% | -3.92% | +25.55% | 24 |
| QLYS Qualys Inc | 0.57% | 154.89 | +7.01% | +14.91% | +4.57% | +16.55% | 54 |
| TENB Tenable Holdings Inc | 0.50% | 34.97 | +7.14% | +7.80% | -9.40% | +48.62% | 17 |
| FSLY Fastly Inc | 0.47% | 23.03 | +1.63% | +14.92% | +27.03% | — | 98 |
| NTCT Netscout Systems | 0.43% | 40.94 | +0.66% | +2.40% | +0.02% | +51.29% | 34 |
| ATEN A10 Networks Inc | 0.30% | 29.95 | +1.29% | -10.52% | -17.49% | +70.17% | 5 |
| ZD Ziff Davis Inc | 0.26% | 54.01 | +1.75% | +3.15% | +3.01% | +53.66% | 39 |
| RDWR Radware Ltd | 0.19% | 27.46 | +4.85% | -6.28% | -7.51% | +13.99% | 20 |
| ATO.FP Atos Se | 0.16% | 31.80 | -0.50% | +3.38% | -6.47% | -36.62% | 22 |
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.