— C+

Lab · Sector Dispersion

Breadth vs the sector.

Most screens show the sector's price. These show what its members are doing underneath — is the move broad, or carried by a few mega-caps? Median constituent vs the index, advancers vs decliners, how many names beat the index, and a cumulative advance/decline line that tends to turn before price. 40 ETFs & index cuts · closes through 2026-07-17.

What changed below the surface · 21-day

Where the constituents' advance/decline is pulling away from the ETF's price — the early read, before the headline reflects it.

Improving — breadth rising under flat/soft price

Weakening — breadth falling under firm price

none today

Closelook indices

RUBIN 124/125 · 99% wt
Rubin Build-Out 100 (EW)
-4.32% med +2.02pp 23 / 101
HALO 99/100 · 99% wt
HALO Growth 100 (EW)
-0.24% med -0.63pp 26 / 73
AEI 34/34
Agentic Ecosystem Index (EW)
-2.22% med +2.09pp 17 / 17
EUROAI 61/65 · 94% wt
Euro-AI Sovereign 50 (EW)
+0.98% med -1.71pp 19 / 42
AW40 38/40 · 95% wt
Agentic Winners 40 (EW)
+0.51% med -1.79pp 9 / 29

S&P 500 sectors

XLK 72/72
Technology Select Sector
-1.09% med +0.61pp 32 / 40
XLF 76/76
Financial Select Sector
-0.86% med -0.49pp 20 / 56
XLV 59/59
Health Care Select Sector
-0.44% med -0.40pp 16 / 43
XLE 21/21
Energy Select Sector
+1.16% med -0.19pp 15 / 6
XLI 80/80
Industrial Select Sector
-0.41% med -0.45pp 15 / 65
XLP 36/36
Consumer Staples Select Sector
-0.72% med -0.41pp 6 / 30
XLY 48/48
Consumer Discretionary Select Sector
-1.62% med +0.02pp 8 / 40
XLU 31/31
Utilities Select Sector
-0.66% med -0.25pp 3 / 28
XLB 26/26
Materials Select Sector
-0.71% med -0.05pp 9 / 17
XLRE 31/31
Real Estate Select Sector
-0.09% med +0.18pp 16 / 15
XLC 23/23
Communication Services Select Sector
-1.78% med +0.49pp 5 / 18

Nasdaq-100 cuts

QTEC 45/45
First Trust Nasdaq-100 Technology
-1.23% med +0.03pp 14 / 31
QQXT 56/56
First Trust Nasdaq-100 Ex-Technology
-1.34% med +0.17pp 7 / 49
QQEW 49/49
First Trust Nasdaq-100 Equal Weight
-1.68% med +0.30pp 11 / 38
QTOP 31/31
iShares Nasdaq-100 Top 30
-1.43% med -0.05pp 3 / 28

Tech & thematics

IGV 110/110
iShares Expanded Tech-Software
-0.96% med +0.32pp 39 / 69
SMH 25/25
VanEck Semiconductor
-2.18% med +0.82pp 6 / 19
XSD 43/43
SPDR S&P Semiconductor (EW)
-1.30% med +0.34pp 15 / 28
AIQ 66/66
Global X AI & Technology
-1.03% med -0.06pp 18 / 48
CIBR 41/41
First Trust Nasdaq Cybersecurity
+0.51% med -0.48pp 21 / 20
DTCR 20/20
Global X Data Center & Digital Infra
-0.51% med -0.49pp 7 / 13
WTAI 47/48 · 77% wt
WisdomTree AI & Innovation
-0.75% med -0.08pp 17 / 29
QTUM 62/63 · 76% wt
Defiance Quantum
-0.84% med -0.16pp 17 / 45
ARKK 42/42
ARK Innovation
-1.92% med +0.17pp 8 / 34

Global

IXN 87/124 · 81% wt
iShares Global Tech
-1.31% med +0.67pp 36 / 50

Computed across the constituents we cover in our data lake (coverage shown per card). A/D line = cumulative daily advancers minus decliners. Decision-support, not investment advice.