Constituent dispersion · breadth vs the index
QQXT — First Trust Nasdaq-100 Ex-Technology
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 | +1.61% | +0.2 | +11pp | +1.57pp | Confirming ↑ |
| 1 month | +0.95% | -0.02 | -5pp | -2.25pp | Weakening |
| 1 quarter | +1.85% | +0.59 | -1pp | -0.11pp | Confirming ↑ |
Over the last 126 sessions: price up +0.63%, breadth up (+2.8/name) · % beating 58→52 · median−ETF +1.49pp→+0.26pp.
Stocks above their moving average — participation breadth
Of the 56 covered constituents, the share trading above each simple moving average — the classic breadth gauge. A firm index price with a low %-above-MA is a narrow, top-heavy tape. As of 2026-08-03.
New highs & new lows — by horizon
How many of the 56 covered constituents closed today at a new high (or low) over each window, and the net. A shrinking net as the index holds up = fewer names leading.
| Horizon | New highs | New lows | Net |
|---|---|---|---|
| 5-Day | 13 (23%) | 17 (30%) | -4 |
| 1-Month | 6 (11%) | 5 (9%) | +1 |
| 3-Month | 5 (9%) | 1 (2%) | +4 |
| 6-Month | 4 (7%) | 0 (0%) | +4 |
| 52-Week | 4 (7%) | 0 (0%) | +4 |
| YTD | 4 (7%) | 0 (0%) | +4 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.81% | +0.40% | -0.41pp | 32 / 24 | 21 / 35 | 22 of 56 | ±2.73% |
| 5d | +1.61% | +0.73% | -0.88pp | 35 / 21 | 23 / 33 | 9 of 56 | ±6.66% |
| 21d | +0.95% | +1.20% | +0.26pp | 30 / 26 | 29 / 27 | 7 of 56 | ±10.04% |
| YTD | +1.76% | +5.96% | +4.20pp | 34 / 21 | 33 / 22 | 2 of 55 | ±25.56% |
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)
- AXON+9.12%+0.17pp
- ALNY+7.21%+0.12pp
- LITE+9.24%+0.12pp
- AMZN+4.58%+0.1pp
- ISRG+6.25%+0.1pp
- MAR-6.97%-0.15pp
- MNST-2.94%-0.06pp
- FANG-2.07%-0.04pp
- SBUX-1.79%-0.03pp
- AMGN-1.63%-0.03pp
This month (21d)
- PYPL+27.27%+0.46pp
- DXCM+22.54%+0.43pp
- AMZN+17.04%+0.37pp
- ROST+18.50%+0.36pp
- BKR+15.21%+0.29pp
- ALNY-29.56%-0.5pp
- TSLA-18.14%-0.36pp
- LIN-12.11%-0.22pp
- VRTX-10.86%-0.18pp
- ISRG-11.88%-0.18pp
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)
- PYPL+27.27%
- DXCM+22.54%
- ROST+18.50%
- AMZN+17.04%
- REGN+16.04%
- ALNY-29.56%
- TSLA-18.14%
- LIN-12.11%
- ISRG-11.88%
- INSM-11.78%
QQXT — constituent leadership race
$100 in each covered QQXT 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 — 56 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CSCO Cisco Systems Inc | 2.93% | 115.86 | -0.11% | +1.13% | +3.20% | +52.03% | 63 |
| ODFL Old Dominion Freight Line | 2.34% | 211.52 | -0.29% | -6.72% | -2.82% | +35.09% | 29 |
| AMZN Amazon.com Inc | 2.16% | 284.02 | +4.58% | +22.75% | +17.04% | +23.05% | 93 |
| CSX CSX Corp | 2.12% | 49.83 | -1.13% | -3.80% | +1.92% | +37.91% | 57 |
| MAR Marriot Int Cl A | 2.11% | 346.83 | -6.97% | -9.46% | -7.00% | +12.01% | 14 |
| MNST Monster Beverage Corp | 2.10% | 93.55 | -2.94% | -1.87% | -4.15% | +22.02% | 21 |
| TSLA Tesla Inc | 1.99% | 322.08 | +3.49% | +4.16% | -18.14% | -28.38% | 2 |
| KDP Keurig Dr Pepper Inc | 1.98% | 30.91 | -0.67% | +2.62% | -7.18% | +12.25% | 13 |
| ADP Automatic Data Processing | 1.94% | 269.78 | +1.25% | +5.80% | +11.36% | +5.75% | 82 |
| ROST Ross Stores Inc | 1.93% | 252.91 | +0.73% | +3.93% | +18.50% | +40.69% | 95 |
| BKR Baker Hughes Company | 1.92% | 60.81 | +0.53% | +0.36% | +15.21% | +34.48% | 88 |
| DXCM Dexcom Inc | 1.90% | 87.31 | +4.63% | +19.00% | +22.54% | +31.55% | 96 |
| MDLZ Mondelez Intl Inc | 1.90% | 61.73 | -0.93% | +1.75% | +1.35% | +15.67% | 52 |
| TTWO Take-Two Interactive | 1.89% | 245.15 | +0.92% | +0.49% | -3.86% | -4.25% | 23 |
| FER Ferrovial N.V. | 1.89% | 66.08 | +1.51% | +5.12% | -2.42% | +2.28% | 30 |
| FAST Fastenal Company | 1.89% | 48.11 | +0.84% | +1.54% | -1.01% | +21.19% | 38 |
| PAYX Paychex Inc | 1.88% | 117.67 | +0.71% | +2.96% | +10.64% | +5.98% | 80 |
| PCAR Paccar Inc | 1.86% | 132.06 | -0.47% | -1.03% | +10.51% | +21.28% | 79 |
| FANG Diamondback Energy | 1.84% | 198.75 | -2.07% | +1.51% | +15.53% | +33.00% | 89 |
| ABNB Airbnb Inc Cl A | 1.82% | 150.64 | -0.58% | +2.57% | +1.15% | +10.99% | 48 |
| LIN Linde Plc | 1.82% | 480.46 | +0.43% | -5.24% | -12.11% | +13.06% | 4 |
| KHC Kraft Heinz Company | 1.82% | 26.42 | +2.21% | +0.76% | +4.14% | +10.78% | 66 |
| AXON Axon Enterprise | 1.81% | 575.88 | +9.12% | +9.59% | -3.54% | +1.40% | 25 |
| AEP American Electric Power | 1.78% | 128.32 | +0.37% | -3.94% | -7.36% | +12.16% | 11 |
| EA Electronic Arts Inc | 1.78% | 209.91 | +0.02% | +0.40% | +2.29% | +2.83% | 59 |
| SBUX Starbucks Corp | 1.78% | 103.37 | -1.79% | -0.27% | -0.86% | +23.54% | 39 |
| ORLY O'Reilly Automotive | 1.77% | 89.76 | +0.46% | -0.92% | -0.54% | -1.59% | 41 |
| XEL XCEL Energy Inc | 1.77% | 77.69 | -0.65% | -3.74% | -5.21% | +5.96% | 18 |
| CCEP Coca-Cola Europacific Partners Plc | 1.76% | 108.19 | -1.16% | -0.47% | +1.48% | +19.28% | 54 |
| CTAS Cintas Corp | 1.76% | 204.01 | -0.30% | -3.30% | +12.48% | +8.73% | 84 |
| COST Costco Wholesale | 1.75% | 954.08 | +0.23% | +0.26% | +0.25% | +10.95% | 46 |
| MELI Mercadolibre Inc | 1.75% | 1898.79 | +1.11% | +4.34% | +7.68% | -5.73% | 77 |
| AMGN Amgen Inc | 1.74% | 378.87 | -1.63% | +0.69% | +1.26% | +16.55% | 50 |
| WMT Walmart Inc | 1.73% | 110.71 | -0.44% | -0.92% | -1.01% | -0.42% | 36 |
| HON Honeywell International | 1.72% | 246.77 | +1.53% | +0.42% | +7.36% | +27.12% | 75 |
| WBD Discovery Inc Series A | 1.72% | 26.09 | -0.80% | +3.20% | -1.47% | -9.47% | 34 |
| IDXX Idexx Laboratories | 1.71% | 567.84 | +1.57% | +2.09% | +1.80% | -16.07% | 55 |
| ALNY Alnylam Pharmaceuticals | 1.70% | 220.33 | +7.21% | -20.86% | -29.56% | -44.59% | 0 |
| BKNG Booking Holdings | 1.70% | 192.71 | -0.10% | +3.17% | +4.42% | — | 68 |
| PYPL Paypal Holdings | 1.70% | 57.87 | +1.15% | +3.21% | +27.27% | -0.57% | 98 |
| VRTX Vertex Pharmaceutic | 1.70% | 470.72 | -1.34% | -1.73% | -10.86% | +3.83% | 9 |
| EXC Exelon Corp | 1.68% | 45.63 | -0.41% | -3.22% | -4.70% | +5.58% | 20 |
| PEP Pepsico Inc | 1.66% | 139.63 | +0.05% | -0.11% | -3.18% | -1.84% | 27 |
| GILD Gilead Sciences Inc | 1.65% | 131.15 | +0.72% | +0.48% | -0.09% | +7.46% | 45 |
| CEG Constellation Energy Corp | 1.64% | 273.71 | +4.17% | +1.37% | +14.40% | -22.42% | 86 |
| CPRT Copart Inc | 1.64% | 29.35 | +0.79% | -1.48% | -2.20% | -25.03% | 32 |
| GEHC GE Healthcare Technologies | 1.60% | 69.73 | +2.51% | +14.09% | +6.35% | -14.91% | 71 |
| VRSK Verisk Analytics Inc | 1.56% | 193.11 | -0.89% | -6.56% | +2.53% | -13.45% | 61 |
| NFLX Netflix Inc | 1.55% | 73.33 | +2.26% | +4.16% | -5.56% | -21.79% | 16 |
| ISRG Intuitive Surg Inc | 1.53% | 375.41 | +6.25% | +5.21% | -11.88% | -33.72% | 5 |
| REGN Regeneron Pharmaceuticals | 1.50% | 759.24 | -0.44% | +13.80% | +16.04% | -1.52% | 91 |
| TMUS T-Mobile US | 1.49% | 177.09 | +2.54% | -0.07% | -0.24% | -12.36% | 43 |
| CMCSA Comcast Corp A | 1.41% | 24.56 | +2.50% | +7.72% | +3.24% | -10.27% | 64 |
| INSM Insmed Inc | 1.35% | 98.45 | -0.15% | -6.00% | -11.78% | -43.43% | 7 |
| LITE Lumentum Holdings | 1.30% | 779.89 | +9.24% | +9.54% | +7.08% | +111.59% | 73 |
| CHTR Charter Communications | 1.06% | 144.10 | -0.61% | +9.49% | +5.03% | -30.97% | 70 |
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.