— 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 2026-07-03.

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

Closelook indices

RUBIN 124/125 · 99% wt
Rubin Build-Out 100 (EW)
+1.52% med -4.02pp 45 / 79
HALO 99/100 · 99% wt
HALO Growth 100 (EW)
+0.23% med +0.70pp 69 / 30
AEI 34/34
Agentic Ecosystem Index (EW)
-4.28% med +3.49pp 12 / 22
EUROAI 61/65 · 94% wt
Euro-AI Sovereign 50 (EW)
-0.88% med +1.60pp 42 / 19
AW40 38/40 · 95% wt
Agentic Winners 40 (EW)
+2.01% med -0.26pp 30 / 8

S&P 500 sectors

XLK 72/72
Technology Select Sector
-2.71% med +0.82pp 24 / 48
XLF 76/76
Financial Select Sector
+1.53% med +0.53pp 64 / 12
XLV 59/59
Health Care Select Sector
+2.63% med +0.30pp 51 / 8
XLE 21/21
Energy Select Sector
+0.78% med -0.22pp 17 / 4
XLI 80/80
Industrial Select Sector
+0.30% med +0.19pp 45 / 35
XLP 36/36
Consumer Staples Select Sector
+2.03% med -0.46pp 33 / 3
XLY 48/48
Consumer Discretionary Select Sector
-0.82% med +1.88pp 35 / 13
XLU 31/31
Utilities Select Sector
+2.21% med +0.31pp 28 / 3
XLB 26/26
Materials Select Sector
+1.94% med +0.27pp 22 / 4
XLRE 31/31
Real Estate Select Sector
+1.13% med +0.24pp 25 / 5
XLC 23/23
Communication Services Select Sector
-0.13% med +1.49pp 15 / 8

Nasdaq-100 cuts

QTEC 45/45
First Trust Nasdaq-100 Technology
-3.41% med +1.63pp 14 / 31
QQXT 56/56
First Trust Nasdaq-100 Ex-Technology
+1.49% med +0.12pp 45 / 11
QQEW 49/49
First Trust Nasdaq-100 Equal Weight
-0.97% med +1.70pp 29 / 20
QTOP 31/31
iShares Nasdaq-100 Top 30
-2.00% med +1.52pp 14 / 17

Tech & thematics

IGV 110/110
iShares Expanded Tech-Software
+0.25% med +0.86pp 69 / 39
SMH 25/25
VanEck Semiconductor
-4.54% med +0.54pp 0 / 25
XSD 43/43
SPDR S&P Semiconductor (EW)
-6.74% med +1.24pp 0 / 43
AIQ 66/66
Global X AI & Technology
-2.80% med +1.82pp 28 / 38
CIBR 41/41
First Trust Nasdaq Cybersecurity
-0.48% med +0.70pp 21 / 20
DTCR 20/20
Global X Data Center & Digital Infra
-3.49% med -0.52pp 2 / 18
WTAI 47/48 · 77% wt
WisdomTree AI & Innovation
-5.42% med +4.03pp 15 / 31
QTUM 62/63 · 76% wt
Defiance Quantum
-3.34% med -0.14pp 14 / 48
ARKK 42/42
ARK Innovation
-0.73% med +0.50pp 19 / 23

Global

IXN 86/124 · 80% wt
iShares Global Tech
-2.43% med +0.87pp 31 / 55

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.