Constituent dispersion · breadth vs the index
CIBR — First Trust Nasdaq Cybersecurity
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 | +1.79% | +0.39 | -5pp | -1.78pp | Confirming ↑ |
| 1 month | +8.39% | +2.1 | -7pp | -3.06pp | Confirming ↑ |
| 1 quarter | +27.11% | +4.95 | +17pp | +8.71pp | Confirming ↑ |
Over the last 126 sessions: price up +49.30%, breadth up (+10.05/name) · % beating 49→44 · median−ETF -0.58pp→-2.95pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -2.54% | -1.58% | +0.97pp | 8 / 33 | 26 / 15 | 14 of 41 | ±1.91% |
| 5d | +1.79% | +2.63% | +0.84pp | 30 / 11 | 23 / 18 | 5 of 41 | ±6.86% |
| 21d | +8.39% | +6.47% | -1.92pp | 27 / 14 | 18 / 23 | 1 of 41 | ±14.13% |
| YTD | +39.64% | +35.42% | -4.22pp | 31 / 9 | 19 / 21 | 1 of 40 | ±42.84% |
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)
- DDOG+1.28%+0.04pp
- NTAP+1.02%+0.03pp
- FROG+1.07%+0.02pp
- LDOS+0.86%+0.01pp
- HO.FP+0.67%+0.01pp
- AVGO-5.94%-0.43pp
- CRWD-3.80%-0.4pp
- FTNT-3.28%-0.31pp
- PANW-2.96%-0.3pp
- NET-4.55%-0.19pp
This month (21d)
- PANW+8.55%+0.88pp
- NTAP+29.68%+0.73pp
- CRWD+6.47%+0.68pp
- NET+15.90%+0.68pp
- ZS+25.38%+0.62pp
- DDOG-2.62%-0.08pp
- CHKP-3.51%-0.07pp
- ATEN-24.08%-0.07pp
- FTNT-0.48%-0.05pp
- GOOGL-2.41%-0.04pp
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)
- FSLY+47.29%
- ESTC+39.56%
- LDOS+32.82%
- NTAP+29.68%
- RBRK+28.08%
- ATEN-24.08%
- ATO.FP-5.50%
- VRNS-4.28%
- TENB-3.62%
- CHKP-3.51%
CIBR — constituent leadership race
$100 in each covered CIBR 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 — 41 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CRWD Crowdstrike Holdings | 10.55% | 216.95 | -3.80% | +1.18% | +6.47% | +85.13% | 49 |
| PANW Palo Alto Networks | 10.24% | 384.27 | -2.96% | +5.61% | +8.55% | +108.62% | 56 |
| FTNT Fortinet Inc | 9.41% | 160.01 | -3.28% | +0.23% | -0.48% | +101.50% | 27 |
| CSCO Cisco Systems Inc | 8.93% | 111.68 | -1.58% | -8.03% | +1.84% | +46.55% | 34 |
| AVGO Broadcom Ltd | 7.16% | 392.99 | -5.94% | -8.13% | +4.95% | +13.79% | 41 |
| NET Cloudflare Inc Cl A | 4.26% | 315.78 | -4.55% | +5.17% | +15.90% | +60.17% | 66 |
| AKAM Akamai Technologies | 3.54% | 124.99 | -0.24% | +13.07% | +5.20% | +43.26% | 44 |
| FFIV F5 Inc | 3.03% | 403.20 | -3.08% | +0.74% | -0.05% | +57.96% | 32 |
| DDOG Datadog Inc Cl A | 2.97% | 255.46 | +1.28% | +9.20% | -2.62% | +87.85% | 17 |
| OKTA Okta Inc Cl A | 2.94% | 147.43 | -4.85% | -0.60% | -0.21% | +70.50% | 29 |
| NTAP Netapp Inc | 2.46% | 207.08 | +1.02% | +9.27% | +29.68% | +95.31% | 90 |
| ZS Zscaler Inc | 2.44% | 183.60 | -2.43% | +8.85% | +25.38% | -18.37% | 85 |
| GEN Gen Digital Inc | 2.23% | 28.48 | -3.69% | -2.37% | +5.44% | +5.87% | 46 |
| CHKP Check Point Software | 2.11% | 131.72 | -1.87% | +3.05% | -3.51% | -29.01% | 10 |
| RBRK Rubrik Inc Cl A | 1.90% | 102.23 | -2.72% | +13.50% | +28.08% | +33.67% | 88 |
| FROG Jfrog Ltd | 1.81% | 96.17 | +1.07% | +7.43% | +11.14% | +53.97% | 63 |
| IBM Intl Business Machines | 1.71% | 234.32 | -1.19% | -0.54% | +6.97% | -20.44% | 54 |
| ANET Arista Networks Inc | 1.70% | 198.82 | -2.36% | +5.38% | +17.95% | +51.74% | 71 |
| DT Dynatrace Inc | 1.64% | 49.14 | -3.17% | +0.35% | +9.61% | +13.38% | 59 |
| GOOGL Alphabet Cl A | 1.63% | 345.90 | -0.13% | -2.37% | -2.41% | +10.59% | 22 |
| MSFT Microsoft Corp | 1.49% | 495.40 | -0.30% | -0.92% | +23.51% | +2.67% | 83 |
| BAH Booz Allen Hamilton Holding Corp | 1.36% | 77.46 | -1.20% | +2.63% | +18.69% | -7.48% | 76 |
| HO.FP Thales | 1.21% | 270.40 | +0.67% | +2.11% | +22.85% | +17.67% | 80 |
| INFY Infosys Ltd ADR | 1.19% | 12.09 | -2.58% | -3.51% | +4.86% | -30.69% | 39 |
| ACN Accenture Plc | 1.17% | 176.89 | -0.90% | +0.67% | +22.32% | -33.12% | 78 |
| BB Blackberry Ltd | 1.10% | 8.90 | -1.00% | -0.89% | -2.84% | +134.83% | 15 |
| LDOS Leidos Holdings Inc | 0.97% | 143.83 | +0.86% | +4.55% | +32.82% | -20.07% | 93 |
| ESTC Elastic N.V. | 0.94% | 86.68 | +0.76% | +15.40% | +39.56% | +14.90% | 95 |
| OTEX.TO Open Text Corporation | 0.93% | 34.06 | -1.67% | -1.96% | +6.77% | -22.08% | 51 |
| S Sentinelone Inc Cl A | 0.88% | 23.11 | -3.06% | +7.99% | +17.73% | +54.07% | 68 |
| SAIC Science Applications International | 0.81% | 126.68 | +0.02% | +0.11% | +10.25% | +26.76% | 61 |
| CVLT Commvault Systems | 0.77% | 147.09 | -2.66% | +8.73% | -1.79% | +17.33% | 24 |
| VRNS Varonis Systems Inc | 0.60% | 44.99 | -1.81% | +3.38% | -4.28% | +37.16% | 5 |
| QLYS Qualys Inc | 0.57% | 186.05 | -5.02% | +1.40% | +18.08% | +39.99% | 73 |
| TENB Tenable Holdings Inc | 0.50% | 38.33 | -4.25% | +5.36% | -3.62% | +62.90% | 7 |
| FSLY Fastly Inc | 0.47% | 29.93 | -0.30% | +30.36% | +47.29% | — | 98 |
| NTCT Netscout Systems | 0.43% | 39.67 | -0.13% | +3.20% | -2.86% | +46.60% | 12 |
| ATEN A10 Networks Inc | 0.30% | 27.40 | +1.48% | +2.09% | -24.08% | +55.68% | 0 |
| ZD Ziff Davis Inc | 0.26% | 55.38 | -0.95% | +2.80% | +3.26% | +57.55% | 37 |
| RDWR Radware Ltd | 0.19% | 29.34 | -1.15% | +3.67% | -2.43% | +21.79% | 20 |
| ATO.FP Atos Se | 0.16% | 29.56 | -0.27% | -6.75% | -5.50% | -41.08% | 2 |
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.