Constituent dispersion · breadth vs the index
IXN — iShares Global Tech
Concentration 49.47% in top 5 15.13 effective names · HHI 661
RS vs S&P 500 21d -3.22pp sector return − SPY
RS vs Nasdaq-100 21d +0.27pp sector return − QQQ
Improving below the surface - the A/D line is rising while price is flat-to-down; more names participating than the headline shows. Last 21 sessions — price -1.49% · A/D +36 (+0.41/name)
IXN price
Cumulative advance / decline of constituents — rises when more names are up than down; turns before price at inflections
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 | +1.96% | +0.71 | +5pp | -3.68pp | Confirming ↑ |
| 1 month | -1.49% | +0.41 | +18pp | +5.59pp | Improving |
| 1 quarter | +10.36% | +0.82 | +29pp | +12.48pp | Confirming ↑ |
Over the last 126 sessions: price up +24.65%, breadth up (+6.33/name) · % beating 40→62 · median−ETF -3.08pp→+4.05pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.35% | +1.19% | -0.16pp | 64 / 23 | 42 / 45 | 30 of 87 | ±2.97% |
| 5d | +1.96% | +2.77% | +0.81pp | 60 / 27 | 49 / 38 | 12 of 87 | ±7.33% |
| 21d | -1.49% | +2.56% | +4.05pp | 48 / 39 | 54 / 33 | 7 of 87 | ±13.39% |
| YTD | +28.07% | +12.68% | -15.38pp | 53 / 33 | 35 / 51 | 0 of 86 | ±75.44% |
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)
- NVDA+2.93%+0.38pp
- MSFT+4.93%+0.38pp
- ORCL+9.22%+0.13pp
- SNDK+6.03%+0.06pp
- AMD+1.78%+0.06pp
- AAPL-1.78%-0.2pp
- TXN-2.43%-0.03pp
- WDC-3.23%-0.02pp
- STX-2.93%-0.02pp
- MPWR-5.73%-0.02pp
This month (21d)
- MSFT+24.88%+1.9pp
- NVDA+6.06%+0.79pp
- AVGO+8.82%+0.43pp
- SAP+16.64%+0.13pp
- ACN+22.14%+0.1pp
- INTC-24.39%-0.59pp
- MU-14.96%-0.56pp
- LRCX-16.16%-0.27pp
- SNDK-26.19%-0.26pp
- KLAC-22.42%-0.24pp
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)
- CTSH+31.39%
- MSFT+24.88%
- HPQ+23.67%
- ACN+22.14%
- WDAY+21.90%
- NOKIA-27.59%
- SNDK-26.19%
- GLW-25.48%
- INTC-24.39%
- APP-22.94%
IXN — constituent leadership race
$100 in each covered IXN constituent at 2025-12-30, rebased to 100. Watch leadership change hands.
0%
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 — 87 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| NVDA Nvidia Corp | 13.10% | 206.64 | +2.93% | +5.15% | +6.06% | +10.93% | 64 |
| AAPL Apple Inc | 11.00% | 303.42 | -1.78% | -9.94% | -1.69% | +11.71% | 37 |
| MSFT Microsoft Corp | 7.64% | 487.65 | +4.93% | +25.33% | +24.88% | +1.06% | 98 |
| AVGO Broadcom Ltd | 4.83% | 392.23 | +0.76% | +2.35% | +8.82% | +13.57% | 70 |
| MU Micron Technology | 3.72% | 829.50 | +0.79% | -7.85% | -14.96% | +190.76% | 13 |
| AMD Adv Micro Devices | 3.18% | 484.64 | +1.78% | -2.08% | -6.41% | +126.30% | 28 |
| ASML ASML Holdings NY Reg ADR | 2.62% | 1642.52 | +0.83% | -0.64% | -7.17% | +54.06% | 25 |
| INTC Intel Corp | 2.41% | 91.00 | +0.89% | -0.73% | -24.39% | +146.61% | 3 |
| CSCO Cisco Systems Inc | 2.03% | 115.86 | -0.11% | +1.13% | +3.20% | +52.03% | 52 |
| LRCX Lam Research Corp | 1.64% | 294.61 | +0.54% | +1.03% | -16.16% | +72.43% | 11 |
| AMAT Applied Materials | 1.47% | 518.21 | +2.08% | +0.26% | -14.07% | +101.90% | 14 |
| ORCL Oracle Corp | 1.40% | 141.85 | +9.22% | +18.31% | +1.48% | -26.78% | 46 |
| PLTR Palantir Technologies Cl A | 1.36% | 125.65 | +2.10% | -4.47% | -2.82% | -29.31% | 32 |
| TXN Texas Instruments | 1.17% | 269.04 | -2.43% | -3.22% | -8.20% | +56.09% | 23 |
| KLAC K L A-Tencor Corp | 1.05% | 182.75 | -0.04% | -10.13% | -22.42% | — | 6 |
| IBM Intl Business Machines | 1.02% | 226.31 | +1.19% | +4.64% | -21.83% | -23.16% | 7 |
| SNDK Sandisk Corp | 0.99% | 1288.03 | +6.03% | +0.77% | -26.19% | +442.60% | 1 |
| QCOM Qualcomm Inc | 0.99% | 151.57 | +2.68% | -10.86% | -14.00% | -10.82% | 15 |
| PANW Palo Alto Networks | 0.88% | 347.13 | +4.61% | +9.39% | -0.27% | +88.45% | 43 |
| ADI Analog Devices | 0.81% | 361.88 | -1.51% | -2.69% | -4.05% | +33.85% | 30 |
| SAP SAP Ag ADR | 0.77% | 189.65 | +3.28% | +10.90% | +16.64% | -21.93% | 87 |
| STX Seagate Technology Holdings | 0.77% | 831.06 | -2.93% | +1.72% | +1.33% | +202.30% | 45 |
| CRM Salesforce Inc | 0.72% | 185.95 | +1.05% | +7.11% | +11.94% | -29.63% | 77 |
| WDC Western Digital Corp | 0.71% | 527.22 | -3.23% | +5.88% | -2.19% | +206.19% | 33 |
| CRWD Crowdstrike Holdings | 0.71% | 202.54 | +6.12% | +12.45% | +4.41% | +72.83% | 59 |
| APH Amphenol Corp | 0.67% | 163.34 | +1.64% | +9.42% | -0.76% | +21.11% | 39 |
| ANET Arista Networks Inc | 0.66% | 184.89 | +2.52% | +8.27% | +15.56% | +41.11% | 84 |
| GLW Corning Inc | 0.65% | 146.64 | +6.07% | +2.29% | -25.48% | +67.79% | 2 |
| APP Applovin Corp Cl A | 0.57% | 406.16 | +2.59% | -1.59% | -22.94% | -39.72% | 5 |
| SHOP Shopify Inc | 0.56% | 117.01 | -0.12% | -7.78% | -2.05% | -27.31% | 34 |
| ACN Accenture Plc | 0.47% | 165.76 | -0.10% | +7.59% | +22.14% | -37.33% | 95 |
| NOW Servicenow Inc | 0.45% | 114.19 | +2.66% | +8.18% | +7.40% | -25.46% | 67 |
| IFX INFINEON TECHNOLOGIES AG | 0.45% | 61.47 | -0.32% | -0.03% | -20.56% | +64.17% | 8 |
| ADBE Adobe Systems Inc | 0.43% | 251.34 | +0.37% | +5.72% | +14.39% | -28.19% | 83 |
| CDNS Cadence Design Sys | 0.42% | 336.15 | -1.14% | -0.73% | -9.91% | +7.54% | 22 |
| SNPS Synopsys Inc | 0.42% | 392.07 | +0.85% | +0.79% | -10.31% | -16.53% | 21 |
| INTU Intuit Inc | 0.37% | 318.39 | +0.73% | +4.76% | +16.14% | -51.70% | 85 |
| CIEN Ciena Corp | 0.36% | 390.76 | +3.64% | +3.58% | -7.50% | +67.08% | 24 |
| FTNT Fortinet Inc | 0.36% | 163.21 | +0.78% | +7.11% | +4.45% | +105.53% | 60 |
| MPWR Monolithic Power Sys | 0.33% | 1344.37 | -5.73% | +0.40% | +4.36% | +48.62% | 57 |
| NOKIA NOKIA | 0.33% | 89.10 | +1.99% | +1.53% | -27.59% | +49.30% | 0 |
| NXPI Nxp Semiconductors | 0.33% | 224.17 | -2.18% | -16.25% | -17.99% | +3.81% | 9 |
| DELL Dell Technologies Inc | 0.33% | 429.02 | +5.83% | +0.49% | +8.80% | +243.37% | 69 |
| DDOG Datadog Inc Cl A | 0.31% | 273.60 | +2.10% | +8.63% | +5.09% | +101.19% | 61 |
| COHR Coherent Corp | 0.31% | 288.14 | +9.60% | +6.20% | -13.56% | +56.11% | 16 |
| LITE Lumentum Holdings | 0.30% | 779.89 | +9.24% | +9.54% | +7.08% | +111.59% | 66 |
| MSI Motorola Solutions | 0.29% | 437.19 | +0.33% | +3.16% | +3.44% | +14.35% | 53 |
| TEL Te Connectivity Ltd | 0.26% | 204.97 | -0.35% | -1.26% | +3.81% | -9.28% | 55 |
| KEYS Keysight Technologies | 0.25% | 321.89 | +0.88% | +2.62% | +2.56% | +58.42% | 49 |
| TER Teradyne Inc | 0.24% | 365.80 | -0.51% | +9.27% | -0.89% | +89.06% | 38 |
| ADSK Autodesk Inc | 0.22% | 234.71 | +0.22% | +3.90% | +13.12% | -20.71% | 80 |
| MCHP Microchip Technology | 0.21% | 75.22 | +1.25% | -3.44% | -11.13% | +18.74% | 20 |
| HPE Hewlett Packard Enterprise | 0.20% | 50.24 | +4.89% | +4.25% | +21.85% | +110.51% | 93 |
| ON On Semiconductor | 0.19% | 80.40 | -1.48% | -9.70% | -11.86% | +48.48% | 17 |
| CLS Celestica Inc | 0.18% | 341.91 | +3.16% | +7.44% | +1.70% | +15.66% | 47 |
| JBL Jabil Circuit | 0.16% | 318.39 | +1.06% | +2.22% | -6.71% | +39.71% | 26 |
| ROP Roper Industries | 0.15% | 392.57 | +0.15% | +4.68% | +8.06% | -11.40% | 68 |
| Q Qnity Electronics Inc | 0.14% | 133.30 | +1.62% | +0.25% | -5.96% | +63.44% | 29 |
| FICO Fair Isaac and Company | 0.13% | 1045.46 | -6.90% | -18.36% | -17.73% | -38.16% | 10 |
| TDY Teledyne Technologies | 0.12% | 670.56 | +2.29% | +2.90% | +2.83% | +31.29% | 51 |
| FSLR First Solar Inc | 0.12% | 232.73 | +10.28% | +13.07% | +3.63% | -10.91% | 54 |
| WDAY Workday Inc | 0.11% | 165.05 | +2.94% | +11.87% | +21.90% | -23.15% | 94 |
| VRSN Verisign Inc | 0.11% | 298.89 | +3.06% | +8.76% | +16.56% | +23.81% | 86 |
| CTSH Cognizant Tech Sol | 0.11% | 55.17 | -0.33% | +17.26% | +31.39% | -33.19% | 99 |
| NTAP Netapp Inc | 0.11% | 182.92 | +2.48% | +7.73% | +19.01% | +72.52% | 90 |
| HLMA HALMA PLC | 0.10% | 3548.00 | +0.51% | -0.67% | -11.24% | +0.28% | 18 |
| FFIV F5 Inc | 0.09% | 406.35 | +0.94% | -0.39% | -0.44% | +59.19% | 41 |
| AKAM Akamai Technologies | 0.09% | 117.88 | +2.34% | +4.46% | +4.16% | +35.11% | 56 |
| HPQ HP Inc | 0.09% | 27.12 | -0.55% | +2.15% | +23.67% | +23.70% | 97 |
| CAP Capitol Investment Corp V Cl A | 0.08% | 107.20 | +4.59% | +12.70% | +16.65% | -24.64% | 89 |
| PTC Ptc Inc | 0.08% | 139.85 | +1.94% | +11.70% | +12.29% | -19.72% | 79 |
| SMCI Super Micro Computer | 0.07% | 28.64 | +0.85% | -3.92% | +5.22% | -2.15% | 62 |
| DSY Big Tree Cloud Holdings Limited | 0.07% | 20.75 | +3.49% | +1.67% | +12.19% | -12.96% | 78 |
| LOGN Logansport Financial Corp | 0.06% | 85.34 | +3.97% | -1.93% | +10.29% | +4.66% | 74 |
| CDW CDW Corp | 0.06% | 147.70 | -0.07% | +7.00% | +10.74% | +9.64% | 75 |
| GEN Gen Digital Inc | 0.06% | 28.17 | +2.62% | +5.35% | +5.62% | +4.72% | 63 |
| TRMB Trimble Navigation | 0.06% | 57.79 | +2.14% | +3.62% | +8.96% | -26.24% | 71 |
| TYL Tyler Technologies | 0.06% | 305.54 | -1.31% | -3.27% | -3.95% | -32.69% | 31 |
| GDDY Godaddy Inc | 0.05% | 88.45 | +6.90% | -8.26% | -0.07% | -28.72% | 44 |
| ZBRA Zebra Technologies | 0.05% | 291.64 | -0.74% | +10.22% | +9.15% | +20.11% | 72 |
| SGE Strong Global Entertainment Cl A | 0.05% | 999.40 | +2.69% | +12.19% | +19.83% | -5.58% | 91 |
| IT Gartner Inc | 0.05% | 151.53 | +0.34% | +2.77% | +11.16% | -39.94% | 76 |
| SWKS Skyworks Solutions | 0.05% | 61.29 | -1.59% | -3.39% | -2.03% | -1.34% | 36 |
| NXT Nextpower Inc | 0.03% | 14900.00 | +0.37% | -0.96% | +1.98% | +11.80% | 48 |
| OTEX Open Text Corp | 0.03% | 26.11 | +3.04% | +10.54% | +13.32% | -18.04% | 82 |
| EPAM Epam Systems Inc | 0.02% | 107.26 | +1.61% | +13.90% | +21.51% | -47.65% | 92 |
| TEMN TEMENOS AG | 0.02% | 69.10 | +3.21% | +6.06% | -0.72% | -13.19% | 40 |
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.