Constituent dispersion · breadth vs the index
QTUM — Defiance Quantum
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 | +0.78% | +1.03 | +5pp | +1.39pp | Improving |
| 1 month | -3.56% | -1.21 | +3pp | +0.63pp | Confirming ↓ |
| 1 quarter | -9.51% | -2.61 | +15pp | +6.07pp | Confirming ↓ |
Over the last 126 sessions: price up +32.18%, breadth up (+1.6/name) · % beating 63→50 · median−ETF +0.91pp→-0.01pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +2.43% | +2.10% | -0.33pp | 55 / 6 | 27 / 35 | 22 of 62 | ±2.99% |
| 5d | +0.78% | +1.03% | +0.24pp | 39 / 23 | 34 / 28 | 14 of 62 | ±4.95% |
| 21d | -3.56% | -3.56% | -0.01pp | 24 / 38 | 31 / 31 | 3 of 62 | ±10.25% |
| YTD | +34.09% | +11.80% | -22.30pp | 41 / 20 | 26 / 35 | 1 of 61 | ±60.18% |
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)
- INTC+7.67%+0.2pp
- ARM+8.57%+0.2pp
- MU+5.50%+0.18pp
- ALAB+9.06%+0.17pp
- TSEM+8.43%+0.15pp
- CRWV-4.36%-0.04pp
- CRM-2.90%-0.02pp
- RTX-1.67%-0.02pp
- TXN-0.97%-0.01pp
- NOC-1.28%-0.01pp
This month (21d)
- INTC+12.52%+0.33pp
- MRVL+11.46%+0.3pp
- AMD+12.53%+0.25pp
- QCOM+17.80%+0.18pp
- HPE+9.61%+0.16pp
- MKSI-19.91%-0.36pp
- ONTO-20.73%-0.34pp
- LRCX-17.87%-0.33pp
- AMAT-18.76%-0.33pp
- ON-14.00%-0.25pp
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)
- CRM+23.81%
- QCOM+17.80%
- AMD+12.53%
- INTC+12.52%
- MRVL+11.46%
- BTQ-27.03%
- ONTO-20.73%
- MKSI-19.91%
- AMAT-18.76%
- LRCX-17.87%
QTUM — constituent leadership race
$100 in each covered QTUM 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 — 62 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| MU Micron Technology | 3.19% | 977.50 | +5.50% | +0.01% | +3.91% | +242.63% | 73 |
| INTC Intel Corp | 2.62% | 108.80 | +7.67% | +8.45% | +12.52% | +194.85% | 94 |
| MRVL Marvell Technology Inc | 2.59% | 240.76 | +4.81% | +6.08% | +11.46% | +183.66% | 92 |
| STM Stmicroelectronics N.V. ADR | 2.52% | 48.61 | +1.14% | -4.20% | -7.00% | +87.93% | 44 |
| ARM Arm Holdings Plc ADR | 2.30% | 264.90 | +8.57% | +4.22% | +4.57% | +142.34% | 79 |
| NOK Nokia Corp ADR | 2.04% | 10.60 | +4.54% | -0.19% | +2.02% | +65.01% | 63 |
| AMD Adv Micro Devices | 1.98% | 545.09 | +6.36% | +8.24% | +12.53% | +154.52% | 95 |
| ALAB Astera Labs Inc | 1.91% | 293.56 | +9.06% | +3.17% | -3.26% | +76.46% | 52 |
| LRCX Lam Research Corp | 1.87% | 269.31 | +0.03% | -9.63% | -17.87% | +57.63% | 6 |
| MKSI Mks Inc | 1.82% | 240.23 | +2.10% | -8.25% | -19.91% | +50.48% | 3 |
| ON On Semiconductor | 1.82% | 68.30 | +2.55% | -2.66% | -14.00% | +26.13% | 13 |
| TSEM Tower Semiconductor | 1.78% | 219.24 | +8.43% | +5.37% | -8.86% | +86.71% | 39 |
| AMAT Applied Materials | 1.77% | 417.40 | +0.49% | -8.06% | -18.76% | +62.62% | 5 |
| COHR Coherent Corp | 1.77% | 295.98 | +2.09% | +0.96% | -3.41% | +60.36% | 50 |
| KLAC K L A-Tencor Corp | 1.76% | 168.98 | +0.97% | -4.63% | -13.25% | +39.59% | 15 |
| TER Teradyne Inc | 1.69% | 353.13 | +3.51% | -4.61% | -12.65% | +82.52% | 16 |
| ONTO Onto Innovation Inc | 1.65% | 250.03 | +2.62% | -7.02% | -20.73% | +58.39% | 2 |
| HPE Hewlett Packard Enterprise | 1.63% | 61.04 | +7.69% | +10.54% | +9.61% | +155.76% | 87 |
| LSCC Lattice Semicond | 1.58% | 108.53 | +2.08% | -4.92% | -12.62% | +47.50% | 18 |
| ASML ASML Holdings NY Reg ADR | 1.42% | 1629.67 | +1.71% | -3.42% | -9.61% | +52.86% | 31 |
| TXN Texas Instruments | 1.42% | 258.14 | -0.97% | -0.26% | -5.18% | +49.76% | 47 |
| NVEC Nve Corp | 1.38% | 100.55 | +3.14% | +3.00% | -12.40% | — | 19 |
| CSCO Cisco Systems Inc | 1.29% | 110.24 | +2.32% | +2.61% | -1.23% | +44.66% | 53 |
| ADI Analog Devices | 1.27% | 362.65 | +0.17% | +0.39% | -3.71% | +34.14% | 48 |
| MCHP Microchip Technology | 1.20% | 70.82 | +1.77% | -1.06% | -8.88% | +11.80% | 37 |
| TSM Taiwan Semiconductor ADR | 1.17% | 430.26 | +3.00% | +0.79% | +4.08% | +41.90% | 76 |
| NXPI Nxp Semiconductors | 1.13% | 227.95 | +4.10% | +1.11% | -0.27% | +5.56% | 58 |
| CRUS Cirrus Logic Inc | 1.11% | 120.37 | +2.01% | +3.34% | +2.99% | +1.58% | 69 |
| LMT Lockheed Martin Corp | 0.99% | 538.09 | +0.16% | +1.50% | -11.38% | +11.84% | 23 |
| QCOM Qualcomm Inc | 0.99% | 188.71 | +2.09% | +6.69% | +17.80% | +11.03% | 97 |
| CRWV Coreweave Inc Cl A | 0.98% | 79.72 | -4.36% | -10.55% | -14.44% | +11.33% | 10 |
| HON Honeywell International | 0.98% | 206.49 | -0.56% | +2.13% | -9.32% | +2.29% | 35 |
| CDNS Cadence Design Sys | 0.97% | 280.76 | +0.31% | -1.47% | -11.30% | -10.18% | 24 |
| GOOGL Alphabet Cl A | 0.96% | 347.33 | +1.30% | +4.43% | +0.91% | +11.05% | 61 |
| IONQ Ionq Inc | 0.96% | 40.34 | +9.50% | +9.50% | -8.57% | -10.10% | 42 |
| NVDA Nvidia Corp | 0.96% | 219.34 | +2.54% | +0.45% | -0.18% | +17.75% | 60 |
| NET Cloudflare Inc Cl A | 0.92% | 333.94 | +2.86% | +7.32% | +10.81% | +69.38% | 90 |
| SNOW Snowflake Inc Cl A | 0.92% | 338.39 | +2.23% | +2.63% | +4.01% | +54.26% | 74 |
| RTX Rtx Corp | 0.90% | 193.54 | -1.67% | -2.31% | -14.17% | +5.88% | 11 |
| TDC Teradata Corp | 0.89% | 29.27 | +0.34% | +6.98% | +2.81% | -3.84% | 68 |
| NTNX Nutanix Inc | 0.88% | 69.97 | +1.85% | +6.96% | +6.29% | +35.36% | 85 |
| NOC Northrop Grumman Corp | 0.85% | 524.00 | -1.28% | +0.97% | -11.06% | -7.81% | 27 |
| SNPS Synopsys Inc | 0.82% | 381.17 | +0.71% | -4.03% | -5.75% | -18.85% | 45 |
| BIDU Baidu Inc ADR | 0.79% | 90.03 | +1.67% | -0.62% | -0.92% | -31.10% | 56 |
| AVGO Broadcom Ltd | 0.79% | 347.30 | +2.29% | -3.75% | -8.61% | +0.56% | 40 |
| QBTS D-Wave Quantum Inc | 0.75% | 17.69 | +8.73% | +6.18% | -9.42% | -32.35% | 34 |
| IBM Intl Business Machines | 0.75% | 237.75 | +0.11% | +1.59% | +2.18% | -19.28% | 65 |
| BAH Booz Allen Hamilton Holding Corp | 0.71% | 78.89 | +0.61% | +4.24% | +4.13% | -5.77% | 77 |
| ORCL Oracle Corp | 0.71% | 150.59 | +5.19% | -1.54% | +5.46% | -22.26% | 84 |
| MSFT Microsoft Corp | 0.70% | 497.75 | +1.52% | +1.08% | +3.54% | +3.16% | 71 |
| MDB Mongodb Inc Cl A | 0.69% | 393.42 | +4.54% | +5.23% | -9.48% | -6.26% | 32 |
| RGTI Rigetti Computing Inc | 0.69% | 15.99 | +8.11% | +5.47% | -9.71% | -27.81% | 29 |
| QUBT Quantum Computing Inc | 0.68% | 8.44 | +5.50% | +7.93% | -0.94% | -17.74% | 55 |
| ESTC Elastic N.V. | 0.66% | 88.97 | +4.63% | +6.58% | +4.66% | +17.93% | 81 |
| WIT Wipro Ltd ADR | 0.65% | 1.68 | +0.00% | +0.60% | -12.04% | -39.32% | 21 |
| RDNT Radnet Inc | 0.63% | 77.78 | +2.64% | +4.71% | +5.35% | +9.01% | 82 |
| BABA Alibaba Group Holding ADR | 0.61% | 108.54 | +1.18% | -0.02% | -15.30% | -25.95% | 8 |
| PLTR Palantir Technologies Cl A | 0.58% | 176.24 | +1.09% | +6.26% | +2.74% | -0.85% | 66 |
| BTQ Btq Technologies Corp | 0.54% | 2.70 | +2.66% | -0.74% | -27.03% | -47.27% | 0 |
| CRM Salesforce Inc | 0.54% | 242.85 | -2.90% | +0.11% | +23.81% | -8.10% | 98 |
| ACN Accenture Plc | 0.54% | 190.29 | +0.34% | +6.96% | +10.04% | -28.06% | 89 |
| ARQQ Arqit Quantum Inc | 0.40% | 19.52 | +2.68% | -5.15% | -11.19% | -10.79% | 26 |
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
QTUM dispersion — data Q&A
Is QTUM's move broad or carried by a few names (21 sessions)?
As of 2026-09-17: over 21 sessions the fund returned -3.56% while its median constituent returned -3.56% — a dispersion of 10.25 pp; 50% of 62 members beat the fund. Broad decline - breadth is falling with price.
How did QTUM's members trade in the last session?
As of 2026-09-17: fund +2.43%, median member +2.10%, 55 advancers vs 6 decliners.
What does the dispersion page for QTUM 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. 62 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.