Constituent dispersion · breadth vs the index
IGV — iShares Expanded Tech-Software
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 | +4.53% | +0.15 | -5pp | -2.37pp | Confirming ↑ |
| 1 month | +3.75% | -1.36 | -8pp | -2.86pp | Weakening |
| 1 quarter | +18.64% | +2.57 | -15pp | -3.99pp | Confirming ↑ |
Over the last 126 sessions: price up +25.27%, breadth up (+4.58/name) · % beating 41→43 · median−ETF -3.38pp→-2.47pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.78% | +0.16% | -0.62pp | 59 / 49 | 43 / 67 | 35 of 110 | ±2.59% |
| 5d | +4.53% | +2.15% | -2.37pp | 74 / 35 | 36 / 74 | 10 of 110 | ±6.28% |
| 21d | +3.75% | +1.27% | -2.47pp | 60 / 50 | 46 / 64 | 11 of 110 | ±12.06% |
| YTD | +0.10% | -7.66% | -7.76pp | 48 / 62 | 48 / 62 | 1 of 110 | ±40.58% |
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)
- ORCL+5.19%+0.48pp
- MSFT+1.52%+0.12pp
- CRWD+1.80%+0.11pp
- MSTR+4.81%+0.09pp
- PLTR+1.09%+0.08pp
- CRM-2.90%-0.18pp
- APP-1.52%-0.07pp
- INTU-1.57%-0.05pp
- NOW-0.97%-0.03pp
- FICO-2.53%-0.03pp
This month (21d)
- CRM+23.81%+1.44pp
- CRWD+15.40%+0.93pp
- MSTR+42.94%+0.82pp
- NOW+15.88%+0.57pp
- ORCL+5.46%+0.5pp
- CDNS-11.30%-0.41pp
- INTU-10.64%-0.31pp
- ADSK-11.41%-0.22pp
- SNPS-5.75%-0.21pp
- TTWO-13.11%-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)
- MSTR+42.94%
- BMNR+30.69%
- MARA+29.91%
- CRM+23.81%
- PD+21.75%
- TTAN-40.46%
- NN-22.17%
- CXM-18.67%
- GWRE-18.44%
- PAR-17.71%
IGV — constituent leadership race
$100 in each covered IGV 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 — 110 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| ORCL Oracle Corp | 9.21% | 150.59 | +5.19% | -1.54% | +5.46% | -22.26% | 66 |
| MSFT Microsoft Corp | 8.19% | 497.75 | +1.52% | +1.08% | +3.54% | +3.16% | 57 |
| PANW Palo Alto Networks | 7.49% | 375.06 | -0.16% | +10.80% | +0.25% | +103.62% | 45 |
| PLTR Palantir Technologies Cl A | 7.18% | 176.24 | +1.09% | +6.26% | +2.74% | -0.85% | 54 |
| CRWD Crowdstrike Holdings | 6.06% | 245.70 | +1.80% | +17.64% | +15.40% | +109.66% | 88 |
| CRM Salesforce Inc | 6.05% | 242.85 | -2.90% | +0.11% | +23.81% | -8.10% | 96 |
| APP Applovin Corp Cl A | 4.82% | 321.60 | -1.52% | +2.26% | +4.67% | -52.27% | 64 |
| ADBE Adobe Systems Inc | 3.71% | 252.67 | +0.87% | +1.54% | -3.98% | -27.81% | 37 |
| CDNS Cadence Design Sys | 3.62% | 280.76 | +0.31% | -1.47% | -11.30% | -10.18% | 12 |
| NOW Servicenow Inc | 3.61% | 138.47 | -0.97% | +5.57% | +15.88% | -9.61% | 90 |
| SNPS Synopsys Inc | 3.57% | 381.17 | +0.71% | -4.03% | -5.75% | -18.85% | 30 |
| FTNT Fortinet Inc | 3.03% | 172.58 | +0.47% | +8.64% | +9.22% | +117.33% | 78 |
| INTU Intuit Inc | 2.92% | 313.13 | -1.57% | +0.12% | -10.64% | -52.50% | 15 |
| DDOG Datadog Inc Cl A | 2.65% | 236.00 | +2.26% | +6.44% | -4.07% | +73.54% | 36 |
| MSTR Strategy Inc | 1.92% | 132.25 | +4.81% | +2.87% | +42.94% | -12.96% | 99 |
| ADSK Autodesk Inc | 1.89% | 218.64 | -0.76% | +3.32% | -11.41% | -26.14% | 11 |
| EA Electronic Arts Inc | 1.69% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 53 |
| TTWO Take-Two Interactive | 1.54% | 210.62 | -0.56% | -2.92% | -13.11% | -17.74% | 8 |
| ROP Roper Industries | 1.28% | 374.76 | -0.28% | -3.56% | -4.92% | -15.42% | 34 |
| FICO Fair Isaac and Company | 1.08% | 966.30 | -2.53% | +0.59% | -10.37% | -42.84% | 16 |
| WDAY Workday Inc | 0.96% | 199.28 | +6.14% | +7.67% | +4.53% | -7.22% | 61 |
| ZM Zoom Communications Inc | 0.95% | 92.16 | +0.24% | -3.46% | -11.99% | +6.80% | 9 |
| ZS Zscaler Inc | 0.65% | 197.47 | +3.07% | +20.79% | +6.34% | -12.20% | 73 |
| PTC Ptc Inc | 0.64% | 134.44 | +2.50% | +4.44% | -8.22% | -22.83% | 24 |
| TEAM Atlassian Corp | 0.52% | 194.26 | +2.09% | +8.18% | +19.18% | +19.81% | 94 |
| GEN Gen Digital Inc | 0.51% | 30.21 | -1.44% | +0.80% | +9.30% | +12.30% | 79 |
| TRMB Trimble Navigation | 0.49% | 57.33 | +0.02% | +0.86% | +0.60% | -26.83% | 46 |
| TYL Tyler Technologies | 0.49% | 341.57 | -1.41% | +1.82% | +2.82% | -24.76% | 55 |
| NTNX Nutanix Inc | 0.45% | 69.97 | +1.85% | +6.96% | +6.29% | +35.36% | 71 |
| DT Dynatrace Inc | 0.43% | 55.83 | +1.16% | +8.58% | +13.34% | +28.82% | 85 |
| GWRE Guidewire Software Inc | 0.43% | 144.98 | -1.19% | +3.49% | -18.44% | -27.87% | 3 |
| IOT Samsara Inc Cl A | 0.40% | 40.00 | -1.62% | +4.06% | +1.06% | +12.83% | 48 |
| HUBS Hubspot Inc | 0.39% | 229.58 | -2.91% | +2.70% | +1.48% | -42.79% | 51 |
| HUT Hut 8 Corp | 0.38% | 90.99 | +1.30% | +0.43% | +12.63% | +98.06% | 85 |
| RBRK Rubrik Inc Cl A | 0.37% | 107.83 | +2.71% | +21.28% | +7.24% | +40.99% | 75 |
| DOCU Docusign Inc | 0.36% | 70.64 | +0.34% | +7.36% | +17.71% | +3.27% | 91 |
| QBTS D-Wave Quantum Inc | 0.35% | 17.69 | +8.73% | +6.18% | -9.42% | -32.35% | 18 |
| BMNR Bitmine Immersion Technologies | 0.33% | 23.89 | +4.73% | -1.28% | +30.69% | -12.01% | 98 |
| AUR Aurora Innovation Inc Cl A | 0.33% | 6.49 | +2.04% | +2.53% | +5.53% | +69.01% | 67 |
| U Unity Software Inc | 0.33% | 41.84 | -0.69% | -0.55% | -10.48% | -5.28% | 15 |
| WULF Terawulf Inc | 0.32% | 16.47 | +7.02% | +2.04% | +5.44% | +43.34% | 65 |
| MANH Manhattan Assoc | 0.30% | 210.82 | -0.57% | +2.83% | +6.27% | +21.64% | 70 |
| RIOT Riot Platforms Inc | 0.29% | 21.88 | +7.52% | +4.44% | +15.71% | +72.69% | 89 |
| CORZ Core Scientific Inc | 0.29% | 17.14 | +1.54% | -1.32% | -9.07% | +17.72% | 20 |
| CWAN Clearwater Analytics Holdings Inc Cl A | 0.26% | 24.56 | +0.00% | +0.00% | +0.74% | +1.82% | 47 |
| IDCC Interdigital Inc | 0.25% | 321.94 | -2.06% | -7.07% | -4.12% | +1.57% | 35 |
| CIFR Cipher Digital Inc | 0.23% | 16.94 | +1.32% | +6.27% | +5.25% | +14.77% | 65 |
| SNAP Snap Inc | 0.23% | 5.65 | -1.22% | +2.36% | +10.57% | -29.99% | 82 |
| CRCL Circle Internet Group Inc Cl A | 0.23% | 85.09 | +5.77% | -5.79% | +18.63% | +7.30% | 93 |
| DSGX Descartes Sys Group | 0.23% | 79.63 | +0.75% | +11.65% | +5.79% | -9.16% | 68 |
| S Sentinelone Inc Cl A | 0.22% | 23.19 | +0.09% | +17.06% | +3.11% | +54.60% | 56 |
| OTEX Open Text Corp | 0.22% | 23.52 | +0.51% | +4.02% | -2.69% | -26.17% | 39 |
| PCOR Procore Technologies Inc | 0.21% | 51.75 | -0.42% | -2.74% | -13.59% | -28.86% | 7 |
| YOU Clear Secure Inc Cl A | 0.20% | 40.11 | -1.38% | -6.15% | -10.09% | +15.04% | 17 |
| MARA Mara Holdings Inc | 0.19% | 11.64 | +5.43% | +1.84% | +29.91% | +29.62% | 97 |
| ESTC Elastic N.V. | 0.18% | 88.97 | +4.63% | +6.58% | +4.66% | +17.93% | 63 |
| BSY Bentley Systems Inc Cl B | 0.18% | 31.41 | +1.00% | +1.32% | -9.32% | -17.39% | 19 |
| DBX Dropbox Inc | 0.18% | 37.61 | -0.34% | +7.30% | +11.04% | +35.29% | 84 |
| CVLT Commvault Systems | 0.17% | 148.79 | +2.47% | +13.11% | +4.19% | +18.69% | 59 |
| PATH Uipath Inc Cl A | 0.17% | 13.76 | +0.95% | -0.79% | -11.68% | -16.05% | 10 |
| ACIW Aci Worldwide Inc | 0.16% | 51.18 | -0.78% | -1.52% | -1.90% | +7.05% | 42 |
| CLSK Cleanspark Inc | 0.15% | 13.35 | +4.38% | +4.30% | +13.81% | +31.92% | 86 |
| APPF Appfolio Cl A | 0.15% | 219.74 | -0.65% | +6.79% | +7.74% | -5.55% | 76 |
| ZETA Zeta Global Holdings Corp Cl A | 0.14% | 30.37 | -1.56% | -0.62% | +7.58% | +49.24% | 75 |
| GTLB Gitlab Inc Cl A | 0.13% | 50.27 | +3.08% | +6.28% | +21.13% | +33.95% | 95 |
| BOX Box Inc | 0.13% | 34.67 | +0.03% | +1.61% | +6.87% | +15.91% | 74 |
| BB Blackberry Ltd | 0.13% | 7.94 | +3.93% | +5.31% | -7.46% | +109.50% | 27 |
| VRNS Varonis Systems Inc | 0.13% | 47.81 | +2.25% | +5.08% | +9.35% | +45.76% | 80 |
| QLYS Qualys Inc | 0.13% | 178.08 | -2.72% | +10.22% | -5.27% | +34.00% | 33 |
| TTAN Servicetitan Inc Cl A | 0.13% | 54.25 | -7.53% | -3.14% | -40.46% | -49.06% | 0 |
| DLB Dolby Laboratories | 0.12% | 57.47 | -2.16% | -8.22% | -5.94% | -9.46% | 29 |
| SOUN Soundhound AI Inc Cl A | 0.12% | 6.00 | +1.18% | -4.46% | -14.16% | -39.82% | 5 |
| BILL Bill Holdings Inc | 0.12% | 47.57 | -2.92% | -0.13% | -3.25% | -12.78% | 38 |
| RNG Ringcentral Inc | 0.12% | 74.78 | +1.69% | +8.31% | +14.71% | +159.79% | 87 |
| LIF Life360 Inc | 0.12% | 40.30 | -1.01% | -3.03% | -13.78% | -37.17% | 6 |
| PEGA Pegasystems Inc | 0.12% | 36.07 | -2.09% | +0.98% | +10.98% | -39.53% | 83 |
| TDC Teradata Corp | 0.11% | 29.27 | +0.34% | +6.98% | +2.81% | -3.84% | 55 |
| TENB Tenable Holdings Inc | 0.11% | 36.06 | -0.85% | +12.58% | -0.77% | +53.25% | 44 |
| ADEA Adeia Inc | 0.11% | 24.92 | -0.24% | -5.27% | -10.89% | +45.04% | 13 |
| QTWO Q2 Holdings Inc | 0.11% | 57.95 | -2.69% | -3.94% | -7.78% | -19.69% | 25 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.10% | 6.60 | +4.27% | -3.65% | -7.56% | -16.98% | 26 |
| WK Workiva Llc | 0.10% | 73.20 | +0.65% | +2.62% | +4.42% | -15.13% | 60 |
| RAMP Liveramp Holdings Inc | 0.09% | 37.89 | +0.05% | +0.37% | +1.23% | +29.01% | 49 |
| BRZE Braze Inc Cl A | 0.08% | 24.93 | +0.24% | +2.74% | -14.39% | -27.30% | 5 |
| ALRM Alarm.com | 0.08% | 54.25 | -2.22% | -1.67% | -2.38% | +6.33% | 40 |
| KVYO Klaviyo Inc Series A | 0.08% | 15.87 | -2.22% | -1.61% | -10.89% | -51.12% | 14 |
| AGYS Agilysys Inc | 0.08% | 102.21 | -3.08% | -3.09% | -8.71% | -13.99% | 21 |
| SPSC Sps Commerce Inc | 0.07% | 80.34 | -0.42% | +4.03% | +3.83% | -9.86% | 58 |
| ATEN A10 Networks Inc | 0.07% | 26.95 | +1.54% | +10.50% | +1.32% | +53.12% | 50 |
| NN Nextnav Inc | 0.07% | 14.92 | +2.05% | +0.61% | -22.17% | -10.34% | 1 |
| FRSH Freshworks Inc Cl A | 0.07% | 12.72 | -0.08% | +7.16% | -0.08% | +3.84% | 45 |
| FIVN Five9 Inc | 0.06% | 34.50 | +1.23% | +14.05% | +6.32% | +72.07% | 72 |
| NCNO Ncino Inc | 0.06% | 21.41 | -1.34% | -0.09% | +5.99% | -16.50% | 69 |
| AVPT Avepoint Inc Cl A | 0.05% | 13.52 | +0.67% | +5.79% | +1.50% | -2.66% | 52 |
| BL Blackline Inc | 0.05% | 28.50 | +1.21% | -0.87% | -5.72% | -48.45% | 31 |
| ALKT Alkami Technology Inc | 0.05% | 18.76 | -0.95% | -1.57% | -6.85% | -18.68% | 28 |
| PRGS Progress Software | 0.04% | 40.85 | -2.39% | +0.59% | -5.48% | -4.91% | 32 |
| AI C3.Ai Inc Cl A | 0.04% | 10.78 | +2.08% | +2.96% | +9.22% | -20.03% | 77 |
| INTA Intapp Inc | 0.04% | 36.69 | -0.84% | -3.55% | -7.67% | -19.93% | 25 |
| BLKB Blackbaud Inc | 0.04% | 43.34 | -3.30% | -1.99% | -2.30% | -31.55% | 41 |
| LSPD Lightspeed Commerce Inc | 0.04% | 9.48 | -1.76% | -2.87% | -8.23% | -21.52% | 23 |
| VERX Vertex Inc Cl A | 0.04% | 12.30 | -2.23% | +0.24% | -4.13% | -38.41% | 35 |
| VYX NCR Voyix Corporation | 0.03% | 6.94 | -2.39% | -14.00% | -8.44% | -31.96% | 22 |
| APPN Appian Corp Cl A | 0.03% | 38.11 | +1.63% | +11.86% | +4.61% | +7.59% | 62 |
| PD Pagerduty Inc | 0.02% | 14.44 | -0.28% | +5.02% | +21.75% | +10.14% | 95 |
| CXM Sprinklr Inc Cl A | 0.02% | 5.62 | +0.54% | +3.31% | -18.67% | -27.76% | 2 |
| ASAN Asana Inc Cl A | 0.02% | 10.09 | +4.56% | +17.87% | +10.15% | -26.40% | 81 |
| PAR Par Technology Corp | 0.02% | 15.98 | -0.81% | -9.31% | -17.71% | -55.95% | 4 |
| RPD Rapid7 Inc | 0.02% | 12.41 | -0.40% | +18.19% | -1.43% | -18.36% | 43 |
| NABL N-Able Inc | 0.01% | 4.02 | +4.42% | +4.15% | +17.89% | -46.26% | 92 |
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
IGV dispersion — data Q&A
Is IGV's move broad or carried by a few names (21 sessions)?
As of 2026-09-17: over 21 sessions the fund returned +3.75% while its median constituent returned +1.27% — a dispersion of 12.06 pp; 42% of 110 members beat the fund. Weakening below the surface - the A/D line is falling while price holds up; leadership is narrowing.
How did IGV's members trade in the last session?
As of 2026-09-17: fund +0.78%, median member +0.16%, 59 advancers vs 49 decliners.
What does the dispersion page for IGV 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. 110 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.