Constituent dispersion · breadth vs the index
XLP — Consumer Staples Select Sector
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 | +0.48% | +0.31 | +0pp | +0.17pp | Improving |
| 1 month | -2.44% | -1.83 | -6pp | -1.46pp | Confirming ↓ |
| 1 quarter | +0.47% | +0.53 | -20pp | -4.11pp | Improving |
Over the last 126 sessions: price down -1.20%, breadth down (-1.31/name) · % beating 39→44 · median−ETF -0.94pp→-1.36pp.
Stocks above their moving average — participation breadth
Of the 36 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 2026-09-17.
New highs & new lows — by horizon
How many of the 36 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 | 7 (19%) | 8 (22%) | -1 |
| 1-Month | 1 (3%) | 4 (11%) | -3 |
| 3-Month | 1 (3%) | 2 (6%) | -1 |
| 6-Month | 1 (3%) | 2 (6%) | -1 |
| 52-Week | 1 (3%) | 1 (3%) | +0 |
| YTD | 1 (3%) | 2 (6%) | -1 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.19% | +0.00% | -0.19pp | 17 / 17 | 13 / 23 | 25 of 36 | ±1.33% |
| 5d | +0.48% | +0.14% | -0.34pp | 18 / 18 | 16 / 20 | 14 of 36 | ±2.53% |
| 21d | -2.44% | -3.80% | -1.36pp | 11 / 25 | 16 / 20 | 2 of 36 | ±8.01% |
| YTD | +8.08% | +3.61% | -4.48pp | 19 / 17 | 14 / 22 | 1 of 36 | ±20.05% |
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)
- TGT+3.33%+0.13pp
- ADM+3.64%+0.09pp
- CL+0.82%+0.04pp
- CASY+3.13%+0.03pp
- PG+0.36%+0.03pp
- WMT-0.66%-0.07pp
- PM-0.64%-0.04pp
- KDP-1.16%-0.03pp
- MO-0.57%-0.03pp
- EL-1.82%-0.03pp
This month (21d)
- MO+6.92%+0.32pp
- PG+2.86%+0.21pp
- TGT+4.82%+0.19pp
- KR+7.83%+0.19pp
- ADM+7.52%+0.19pp
- WMT-7.08%-0.78pp
- COST-7.01%-0.63pp
- CASY-28.95%-0.31pp
- MNST-6.06%-0.26pp
- KMB-8.85%-0.19pp
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)
- EL+11.38%
- KR+7.83%
- ADM+7.52%
- MO+6.92%
- TGT+4.82%
- CASY-28.95%
- CLX-19.47%
- HRL-14.71%
- DLTR-12.32%
- MKC-10.09%
XLP — constituent leadership race
$100 in each covered XLP constituent at 2025-12-24, 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 |
|---|---|---|---|---|---|---|---|
| WMT Walmart Inc | 10.99% | 106.79 | -0.66% | +1.00% | -7.08% | -3.95% | 25 |
| COST Costco Wholesale | 9.03% | 893.93 | +0.02% | -0.94% | -7.01% | +3.96% | 28 |
| PG Procter & Gamble Company | 7.20% | 147.55 | +0.36% | +3.20% | +2.86% | +4.47% | 75 |
| KO Coca-Cola Company | 6.58% | 88.06 | +0.22% | +0.86% | -0.86% | +26.83% | 64 |
| PM Philip Morris International | 5.94% | 190.48 | -0.64% | +0.37% | +1.52% | +19.81% | 69 |
| MDLZ Mondelez Intl Inc | 4.99% | 62.04 | -0.51% | -0.69% | -0.99% | +16.25% | 61 |
| MO Altria Group | 4.69% | 69.70 | -0.57% | +2.94% | +6.92% | +22.91% | 89 |
| CL Colgate-Palmolive Company | 4.38% | 87.73 | +0.82% | -0.19% | -4.08% | +12.40% | 44 |
| MNST Monster Beverage Corp | 4.26% | 44.51 | -0.13% | +3.30% | -6.06% | +16.11% | 33 |
| PEP Pepsico Inc | 4.08% | 133.66 | -0.51% | -2.19% | -4.62% | -6.04% | 39 |
| TGT Target Corp | 3.94% | 159.83 | +3.33% | +2.63% | +4.82% | +66.73% | 86 |
| KDP Keurig Dr Pepper Inc | 2.77% | 31.43 | -1.16% | -0.10% | +2.08% | +14.14% | 72 |
| ADM Archer Daniels Midland | 2.48% | 88.09 | +3.64% | +1.36% | +7.52% | +55.40% | 92 |
| SYY Sysco Corp | 2.44% | 79.11 | +0.51% | -3.89% | -3.48% | +8.96% | 53 |
| KR Kroger Company | 2.42% | 60.75 | -0.64% | +6.67% | +7.83% | -1.77% | 94 |
| KVUE Kenvue Inc | 2.24% | 17.87 | +0.22% | +0.45% | -4.95% | +6.05% | 36 |
| KMB Kimberly-Clark Corp | 2.18% | 98.19 | +0.09% | -0.29% | -8.85% | -0.12% | 17 |
| HSY Hershey Foods Corp | 1.73% | 168.33 | -1.44% | -3.45% | -8.24% | -6.18% | 19 |
| DG Dollar General Corp | 1.63% | 124.95 | +1.58% | +1.59% | +3.40% | -5.04% | 78 |
| CHD Church & Dwight Company | 1.49% | 95.05 | -0.48% | +1.18% | -4.12% | +14.08% | 42 |
| EL Estee Lauder Companies | 1.43% | 93.86 | -1.82% | -2.71% | +11.38% | -9.74% | 97 |
| DLTR Dollar Tree Inc | 1.36% | 114.40 | +1.78% | -3.59% | -12.32% | -7.00% | 8 |
| STZ Constellation Brands | 1.34% | 122.45 | -0.47% | -1.10% | -6.53% | -10.07% | 31 |
| KHC Kraft Heinz Company | 1.34% | 24.73 | +0.00% | +1.39% | -0.36% | +3.69% | 67 |
| GIS General Mills | 1.18% | 36.66 | -0.41% | +1.95% | -3.73% | -18.70% | 50 |
| BG Bunge Ltd | 1.11% | 119.31 | +1.86% | -4.24% | +4.33% | +35.52% | 81 |
| CASY Casey's General Stor | 1.08% | 607.45 | +3.13% | -3.22% | -28.95% | +10.08% | 0 |
| TSN Tyson Foods | 1.04% | 52.26 | +0.27% | -0.38% | -9.88% | -9.37% | 14 |
| SJM J.M. Smucker Company | 0.80% | 123.75 | +0.15% | +2.21% | +4.43% | +29.21% | 83 |
| MKC Mccormick & Company | 0.80% | 49.70 | -0.72% | -2.74% | -10.09% | -26.38% | 11 |
| CLX Clorox Company | 0.75% | 85.00 | +0.16% | -4.25% | -19.47% | -13.69% | 3 |
| HRL Hormel Foods Corp | 0.46% | 20.76 | -0.10% | -0.38% | -14.71% | -10.03% | 6 |
| TAP Molson Coors Brewing | 0.45% | 39.08 | -0.08% | +1.66% | -3.88% | -14.41% | 47 |
| CAG Conagra Brands | 0.42% | 15.18 | +0.00% | +3.27% | -2.19% | -8.32% | 58 |
| BF.B Brown Forman Cl B | 0.30% | 26.50 | +2.95% | -0.34% | -2.39% | +3.52% | 56 |
| CPB The Campbell's Company | 0.29% | 21.18 | -0.98% | +1.15% | -7.35% | -21.49% | 22 |
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
XLP dispersion — data Q&A
Is XLP's move broad or carried by a few names (21 sessions)?
As of 2026-09-17: over 21 sessions the fund returned -2.44% while its median constituent returned -3.80% — a dispersion of 8.01 pp; 44% of 36 members beat the fund. Broad decline - breadth is falling with price.
How did XLP's members trade in the last session?
As of 2026-09-17: fund +0.19%, median member +0.00%, 17 advancers vs 17 decliners.
What does the dispersion page for XLP 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. 36 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.