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 | +1.57% | +0.16 | -32pp | -3.53pp | Confirming ↑ |
| 1 month | +4.07% | -0.41 | -54pp | -9.67pp | Weakening |
| 1 quarter | +3.24% | +0.95 | -37pp | -5.44pp | Confirming ↑ |
Over the last 126 sessions: price up +2.61%, breadth up (+0.35/name) · % beating 57→17 · median−ETF +1.83pp→-4.50pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.02% | -0.92% | -0.95pp | 10 / 26 | 10 / 27 | 13 of 37 | ±2.04% |
| 5d | +1.57% | +0.14% | -1.43pp | 20 / 17 | 13 / 24 | 7 of 37 | ±3.9% |
| 21d | +4.07% | -0.43% | -4.50pp | 17 / 20 | 6 / 31 | 1 of 37 | ±8.73% |
| YTD | -0.78% | -2.01% | -1.23pp | 17 / 20 | 17 / 20 | 1 of 37 | ±18.66% |
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+1.34%+0.2pp
- GOOGL+1.30%+0.17pp
- GOOG+1.27%+0.13pp
- ORA+5.96%+0.06pp
- WBD+0.61%+0.01pp
- TMUS-5.57%-0.13pp
- VZ-2.87%-0.12pp
- CMCSA-3.46%-0.08pp
- T-1.82%-0.07pp
- DIS-1.53%-0.07pp
This month (21d)
- META+25.50%+3.76pp
- GOOGL+0.91%+0.12pp
- T+1.97%+0.08pp
- GOOG+0.70%+0.07pp
- VOD+8.62%+0.07pp
- CMCSA-12.56%-0.3pp
- DTE-6.97%-0.21pp
- TMUS-8.39%-0.2pp
- TTWO-13.11%-0.14pp
- NFLX-3.16%-0.13pp
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)
- META+25.50%
- TELIA.ST+9.64%
- VOD+8.62%
- ELISA.HE+7.84%
- TTD+6.26%
- SATS-26.16%
- CAR-16.26%
- TTWO-13.11%
- CMCSA-12.56%
- ORA-11.13%
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 — 37 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| META META Platforms Inc | 14.74% | 682.31 | +1.34% | +5.89% | +25.50% | +3.45% | 97 |
| GOOGL Alphabet Cl A | 13.27% | 347.33 | +1.30% | +4.43% | +0.91% | +11.05% | 57 |
| GOOG Alphabet Cl C | 10.54% | 343.68 | +1.27% | +4.02% | +0.70% | +9.60% | 54 |
| DIS Walt Disney Company | 4.53% | 105.35 | -1.53% | -0.44% | +1.35% | -7.40% | 62 |
| VZ Verizon Communications | 4.21% | 48.33 | -2.87% | -3.28% | -0.43% | +22.53% | 49 |
| NFLX Netflix Inc | 4.18% | 75.31 | -1.44% | -0.92% | -3.16% | -19.68% | 38 |
| T AT&T Inc | 4.12% | 25.39 | -1.82% | -0.63% | +1.97% | +4.50% | 70 |
| DTE Dte Energy Company | 3.06% | 130.44 | -0.20% | -2.90% | -6.97% | +1.93% | 22 |
| TMUS T-Mobile US | 2.38% | 166.45 | -5.57% | -6.05% | -8.39% | -17.63% | 19 |
| CMCSA Comcast Corp A | 2.37% | 22.91 | -3.46% | -8.98% | -12.56% | -16.30% | 8 |
| WBD Discovery Inc Series A | 1.77% | 28.24 | +0.61% | +0.14% | -0.84% | -2.01% | 46 |
| EA Electronic Arts Inc | 1.20% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 76 |
| TTWO Take-Two Interactive | 1.09% | 210.62 | -0.56% | -2.92% | -13.11% | -17.74% | 5 |
| ORA Ormat Technologies | 1.03% | 97.37 | +5.96% | +0.74% | -11.13% | -11.58% | 11 |
| VOD Vodafone Grp Plc ADR | 0.78% | 17.52 | +0.34% | +1.10% | +8.62% | +35.10% | 92 |
| LYV Live Nation Entertainment | 0.69% | 168.34 | -1.63% | -1.02% | -6.39% | +18.13% | 24 |
| UMG.AS UNIVERSAL MUSIC GROUP NV | 0.65% | 14.74 | -0.51% | +5.14% | -0.91% | -32.79% | 43 |
| OMC Omnicom Group Inc | 0.61% | 78.60 | -0.92% | -1.07% | -8.93% | -1.69% | 16 |
| BCE BCE Inc | 0.60% | 22.28 | -0.98% | -2.87% | -4.62% | -4.03% | 32 |
| SCMN.SW SWISSCOM AG | 0.58% | 671.50 | -0.22% | +3.63% | +5.75% | +21.22% | 84 |
| KPN.AS KONINKLIJKE KPN NV | 0.54% | 4.21 | -0.17% | +2.53% | +3.39% | +8.27% | 81 |
| T AT&T Inc | 0.51% | 25.39 | -1.82% | -0.63% | +1.97% | +4.50% | 70 |
| CLNX.MC CELLNEX TELECOM | 0.51% | 25.07 | -1.45% | -0.63% | -5.29% | -7.34% | 30 |
| TEF.MC Telefonica S.A. ADR | 0.49% | 3.75 | +1.21% | +3.50% | +1.49% | +7.41% | 65 |
| SATS Echostar Corp | 0.46% | 92.03 | -4.14% | -8.74% | -26.16% | -15.34% | 0 |
| CHTR Charter Communications | 0.34% | 133.37 | -1.21% | -5.12% | -10.10% | -36.11% | 14 |
| FOXA Fox Corp Cl A | 0.34% | 64.98 | -1.78% | -0.31% | -5.87% | -10.64% | 27 |
| TKO Tko Group Holdings Cl A | 0.33% | 189.30 | -1.63% | +0.23% | -1.46% | -9.06% | 41 |
| TELIA.ST TELIA COMPANY | 0.33% | 47.89 | +0.42% | +5.28% | +9.64% | +24.34% | 95 |
| TEL Te Connectivity Ltd | 0.28% | 206.60 | +2.18% | +0.96% | +1.19% | -8.56% | 59 |
| NWSA News Corp Cl A | 0.26% | 30.18 | -0.03% | +2.72% | +2.69% | +16.03% | 78 |
| TTD Trade Desk Inc | 0.25% | 14.26 | -1.59% | +2.08% | +6.26% | -62.43% | 86 |
| FOX Fox Corp Cl B | 0.21% | 58.43 | -1.22% | +0.64% | -4.57% | -9.53% | 35 |
| ELISA.HE ELISA | 0.18% | 38.50 | +1.00% | +4.90% | +7.84% | +3.49% | 89 |
| CAR Avis Budget Group | 0.18% | 115.24 | -1.47% | -9.07% | -16.26% | -10.19% | 3 |
| NWS News Corp Cl B | 0.10% | 33.37 | -0.21% | +1.80% | -0.36% | +13.04% | 51 |
| PSKY Paramount Skydance Corp Cl B | 0.08% | 10.62 | -4.67% | +2.78% | +1.82% | -20.34% | 68 |
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
IXP dispersion — data Q&A
Is IXP's move broad or carried by a few names (21 sessions)?
As of 2026-09-17: over 21 sessions the fund returned +4.07% while its median constituent returned -0.43% — a dispersion of 8.73 pp; 16% of 37 members beat the fund. Weakening below the surface - the A/D line is falling while price holds up; leadership is narrowing.
How did IXP's members trade in the last session?
As of 2026-09-17: fund +0.02%, median member -0.92%, 10 advancers vs 26 decliners.
What does the dispersion page for IXP 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. 37 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.