Constituent dispersion · breadth vs the index
IXP — Global Communications
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 | +4.33% | +0.17 | -14pp | -2.54pp | Confirming ↑ |
| 1 month | +3.30% | +0.14 | -21pp | -3.46pp | Confirming ↑ |
| 1 quarter | -4.19% | -3.17 | +5pp | +2.05pp | Confirming ↓ |
Over the last 126 sessions: price down -5.69%, breadth down (-0.19/name) · % beating 36→37 · median−ETF -3.05pp→-2.04pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +2.99% | +1.10% | -1.89pp | 25 / 10 | 5 / 31 | 6 of 36 | ±1.91% |
| 5d | +4.32% | +0.53% | -3.79pp | 22 / 14 | 4 / 32 | 3 of 36 | ±6.76% |
| 21d | +3.30% | +1.24% | -2.06pp | 20 / 16 | 13 / 23 | 6 of 36 | ±9.85% |
| YTD | -2.31% | -2.91% | -0.60pp | 15 / 21 | 17 / 19 | 3 of 36 | ±18.17% |
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)
- META+6.02%+0.89pp
- GOOGL+4.88%+0.65pp
- GOOG+4.44%+0.47pp
- NFLX+2.26%+0.09pp
- DIS+2.03%+0.09pp
- SATS-4.14%-0.02pp
- WBD-0.80%-0.01pp
- CLNX.MC-1.00%-0.01pp
- UMG.AS-0.62%0pp
- VOD-0.51%0pp
This month (21d)
- T+16.16%+0.67pp
- VZ+13.18%+0.55pp
- GOOGL+3.78%+0.5pp
- GOOG+4.57%+0.48pp
- META+1.26%+0.19pp
- DTE-8.01%-0.25pp
- NFLX-5.56%-0.23pp
- UMG.AS-24.48%-0.16pp
- SATS-26.16%-0.12pp
- DIS-1.37%-0.06pp
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)
- VOD+18.79%
- T+16.16%
- T+16.16%
- VZ+13.18%
- NWS+5.37%
- SATS-26.16%
- UMG.AS-24.48%
- PSKY-20.89%
- CAR-15.03%
- DTE-8.01%
IXP — constituent leadership race
$100 in each covered IXP 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 — 36 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| META META Platforms Inc | 14.74% | 590.24 | +6.02% | -0.61% | +1.26% | -10.51% | 50 |
| GOOGL Alphabet Cl A | 13.27% | 373.51 | +4.88% | +14.38% | +3.78% | +19.42% | 64 |
| GOOG Alphabet Cl C | 10.54% | 372.47 | +4.44% | +14.06% | +4.57% | +18.78% | 75 |
| DIS Walt Disney Company | 4.53% | 98.14 | +2.03% | +1.54% | -1.37% | -13.74% | 36 |
| VZ Verizon Communications | 4.21% | 47.36 | +1.17% | +0.08% | +13.18% | +20.07% | 89 |
| NFLX Netflix Inc | 4.18% | 73.33 | +2.26% | +4.16% | -5.56% | -21.79% | 14 |
| T AT&T Inc | 4.12% | 23.59 | +1.46% | -3.40% | +16.16% | -2.91% | 92 |
| DTE Dte Energy Company | 3.06% | 141.72 | -0.11% | -3.74% | -8.01% | +10.74% | 11 |
| TMUS T-Mobile US | 2.38% | 177.09 | +2.54% | -0.07% | -0.24% | -12.36% | 42 |
| CMCSA Comcast Corp A | 2.37% | 24.56 | +2.50% | +7.72% | +3.24% | -10.27% | 61 |
| WBD Discovery Inc Series A | 1.77% | 26.09 | -0.80% | +3.20% | -1.47% | -9.47% | 33 |
| EA Electronic Arts Inc | 1.20% | 209.91 | +0.02% | +0.40% | +2.29% | +2.83% | 56 |
| TTWO Take-Two Interactive | 1.09% | 245.15 | +0.92% | +0.49% | -3.86% | -4.25% | 22 |
| ORA Ormat Technologies | 1.03% | 16.61 | +0.21% | +1.16% | +4.70% | +16.94% | 78 |
| VOD Vodafone Grp Plc ADR | 0.78% | 117.25 | -0.51% | -2.41% | +18.79% | +20.76% | 97 |
| LYV Live Nation Entertainment | 0.69% | 181.69 | +4.34% | +1.28% | -2.63% | +27.50% | 31 |
| UMG.AS UNIVERSAL MUSIC GROUP NV | 0.65% | 14.35 | -0.62% | -24.26% | -24.48% | -34.59% | 3 |
| OMC Omnicom Group Inc | 0.61% | 79.27 | +0.72% | -3.81% | +0.83% | -0.85% | 44 |
| SCMN.SW SWISSCOM AG | 0.58% | 621.50 | -0.08% | -1.58% | +1.39% | +12.19% | 53 |
| KPN.AS KONINKLIJKE KPN NV | 0.54% | 4.10 | -0.32% | -1.35% | -3.26% | +5.46% | 25 |
| T AT&T Inc | 0.51% | 23.59 | +1.46% | -3.40% | +16.16% | -2.91% | 92 |
| CLNX.MC CELLNEX TELECOM | 0.51% | 26.60 | -1.00% | +0.83% | +1.21% | -1.68% | 47 |
| TEF.MC Telefonica S.A. ADR | 0.49% | 3.66 | +2.23% | +0.19% | +3.21% | +4.90% | 58 |
| SATS Echostar Corp | 0.46% | 92.03 | -4.14% | -8.74% | -26.16% | -15.34% | 0 |
| CHTR Charter Communications | 0.34% | 144.10 | -0.61% | +9.49% | +5.03% | -30.97% | 83 |
| FOXA Fox Corp Cl A | 0.34% | 58.70 | +0.81% | +3.64% | +3.93% | -19.27% | 69 |
| TKO Tko Group Holdings Cl A | 0.33% | 183.91 | +1.16% | +0.57% | -5.41% | -11.65% | 17 |
| TELIA.ST TELIA COMPANY | 0.33% | 44.35 | +0.38% | -1.47% | -3.17% | +15.14% | 28 |
| TEL Te Connectivity Ltd | 0.28% | 204.97 | -0.35% | -1.26% | +3.81% | -9.28% | 67 |
| NWSA News Corp Cl A | 0.26% | 27.94 | +1.38% | +2.38% | +4.88% | +7.41% | 81 |
| TTD Trade Desk Inc | 0.25% | 18.30 | +1.44% | +2.35% | -4.19% | -51.79% | 19 |
| FOX Fox Corp Cl B | 0.21% | 52.62 | +1.31% | +3.56% | +4.07% | -18.52% | 72 |
| ELISA.HE ELISA | 0.18% | 34.98 | +0.00% | +0.81% | -0.85% | -5.97% | 39 |
| CAR Avis Budget Group | 0.18% | 138.88 | +1.05% | -15.15% | -15.03% | +8.23% | 8 |
| NWS News Corp Cl B | 0.10% | 31.79 | +1.66% | +2.81% | +5.37% | +7.69% | 86 |
| PSKY Paramount Skydance Corp Cl B | 0.08% | 8.22 | +3.27% | +2.37% | -20.89% | -38.34% | 6 |
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.