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 | +8.38% | +2.27 | +7pp | +0.99pp | Confirming ↑ |
| 1 month | -3.87% | -1 | +18pp | +12.56pp | Confirming ↓ |
| 1 quarter | +43.58% | +7.34 | +0pp | -0.33pp | Confirming ↑ |
Over the last 126 sessions: price up +27.11%, breadth up (+7.15/name) · % beating 61→56 · median−ETF +1.55pp→+0.75pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.48% | +0.21% | +0.70pp | 21 / 20 | 23 / 18 | 11 of 41 | ±3.21% |
| 5d | +8.38% | +9.00% | +0.62pp | 36 / 4 | 21 / 19 | 5 of 40 | ±8.76% |
| 21d | -3.87% | -2.30% | +1.57pp | 16 / 24 | 23 / 17 | 2 of 40 | ±13.99% |
| YTD | +27.12% | +16.73% | -10.39pp | 27 / 12 | 15 / 24 | 0 of 39 | ±49.98% |
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)
- FROG+4.89%+0.09pp
- INFY+4.79%+0.06pp
- ACN+4.74%+0.06pp
- BAH+4.07%+0.06pp
- LDOS+5.60%+0.05pp
- CSCO-3.69%-0.33pp
- AVGO-2.41%-0.17pp
- FTNT-1.72%-0.16pp
- PANW-1.13%-0.12pp
- FFIV-3.78%-0.11pp
This month (21d)
- PANW+17.12%+1.75pp
- FTNT+4.96%+0.47pp
- CVLT+22.81%+0.18pp
- QLYS+30.59%+0.17pp
- FROG+7.68%+0.14pp
- AVGO-25.15%-1.8pp
- CSCO-11.96%-1.07pp
- AKAM-29.41%-1.04pp
- NET-11.09%-0.47pp
- ACN-26.24%-0.31pp
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)
- QLYS+30.59%
- TENB+24.92%
- CVLT+22.81%
- VRNS+19.45%
- PANW+17.12%
- AKAM-29.41%
- ACN-26.24%
- AVGO-25.15%
- BAH-21.67%
- LDOS-14.18%
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% | 193.98 | +0.41% | — | — | — | — |
| PANW Palo Alto Networks | 10.24% | 348.06 | -1.13% | +18.76% | +17.12% | +88.96% | 88 |
| FTNT Fortinet Inc | 9.41% | 156.25 | -1.72% | +4.22% | +4.96% | +96.76% | 75 |
| CSCO Cisco Systems Inc | 8.93% | 112.69 | -3.69% | -5.28% | -11.96% | +47.87% | 28 |
| AVGO Broadcom Ltd | 7.16% | 360.45 | -2.41% | -4.87% | -25.15% | +4.36% | 5 |
| NET Cloudflare Inc Cl A | 4.26% | 242.41 | -1.58% | +6.95% | -11.09% | +22.96% | 33 |
| AKAM Akamai Technologies | 3.54% | 113.17 | +0.32% | +0.25% | -29.41% | +29.71% | 0 |
| FFIV F5 Inc | 3.03% | 408.14 | -3.78% | +5.73% | -0.24% | +59.89% | 57 |
| DDOG Datadog Inc Cl A | 2.97% | 260.36 | -1.56% | +17.84% | -3.26% | +91.46% | 43 |
| OKTA Okta Inc Cl A | 2.94% | 141.42 | +0.68% | +18.58% | +4.51% | +63.55% | 73 |
| NTAP Netapp Inc | 2.46% | 154.17 | -1.41% | -0.27% | -12.22% | +45.41% | 23 |
| ZS Zscaler Inc | 2.44% | 147.33 | +0.60% | +19.01% | +2.21% | -34.50% | 68 |
| GEN Gen Digital Inc | 2.23% | 26.67 | +2.14% | +14.41% | -3.12% | -0.86% | 45 |
| CHKP Check Point Software | 2.11% | 136.58 | +1.71% | +11.19% | -2.49% | -26.40% | 48 |
| RBRK Rubrik Inc Cl A | 1.90% | 83.64 | +1.99% | +17.77% | +1.59% | +9.36% | 65 |
| FROG Jfrog Ltd | 1.81% | 94.81 | +4.89% | +20.32% | +7.68% | +51.79% | 78 |
| IBM Intl Business Machines | 1.71% | 289.52 | +1.14% | +12.10% | -12.06% | -1.70% | 25 |
| ANET Arista Networks Inc | 1.70% | 159.99 | -3.98% | -3.30% | -8.75% | +22.10% | 35 |
| DT Dynatrace Inc | 1.64% | 44.77 | -1.34% | +11.15% | -0.44% | +3.30% | 55 |
| GOOGL Alphabet Cl A | 1.63% | 359.91 | -0.36% | +4.71% | -0.48% | +15.07% | 53 |
| MSFT Microsoft Corp | 1.49% | 390.49 | +1.62% | +10.67% | -11.52% | -19.07% | 30 |
| BAH Booz Allen Hamilton Holding Corp | 1.36% | 62.45 | +4.07% | +4.59% | -21.67% | -25.41% | 8 |
| HO.FP Thales | 1.21% | 238.20 | -0.92% | +10.02% | +3.57% | +3.66% | 70 |
| INFY Infosys Ltd ADR | 1.19% | 11.16 | +4.79% | +5.58% | -12.83% | -36.02% | 18 |
| ACN Accenture Plc | 1.17% | 137.35 | +4.74% | +9.16% | -26.24% | -48.07% | 3 |
| BB Blackberry Ltd | 1.10% | 11.51 | -10.15% | +11.32% | +11.53% | +203.69% | 83 |
| LDOS Leidos Holdings Inc | 0.97% | 108.84 | +5.60% | +8.84% | -14.18% | -39.52% | 10 |
| ESTC Elastic N.V. | 0.94% | 58.04 | -0.70% | +8.28% | -14.13% | -23.06% | 13 |
| OTEX.TO Open Text Corporation | 0.93% | 32.74 | +0.21% | +7.80% | +0.78% | -25.10% | 60 |
| S Sentinelone Inc Cl A | 0.88% | 17.51 | -0.45% | +17.05% | +0.92% | +16.73% | 63 |
| SAIC Science Applications International | 0.81% | 110.96 | +5.21% | +4.06% | -2.12% | +11.03% | 50 |
| CVLT Commvault Systems | 0.77% | 149.98 | +2.01% | +11.98% | +22.81% | +19.64% | 93 |
| VRNS Varonis Systems Inc | 0.60% | 42.86 | +2.32% | +11.15% | +19.45% | +30.67% | 90 |
| QLYS Qualys Inc | 0.57% | 148.12 | +3.26% | +27.48% | +30.59% | +11.45% | 98 |
| TENB Tenable Holdings Inc | 0.50% | 38.60 | +1.85% | +40.67% | +24.92% | +64.05% | 95 |
| FSLY Fastly Inc | 0.47% | 18.13 | -2.32% | +11.81% | -12.71% | — | 20 |
| NTCT Netscout Systems | 0.43% | 40.93 | -4.70% | +0.89% | -5.76% | +51.26% | 40 |
| ATEN A10 Networks Inc | 0.30% | 36.30 | -4.47% | +4.49% | +11.21% | +106.25% | 80 |
| ZD Ziff Davis Inc | 0.26% | 52.43 | +0.89% | +7.99% | +15.43% | +49.16% | 85 |
| RDWR Radware Ltd | 0.19% | 29.69 | -3.48% | +5.51% | -5.90% | +23.25% | 38 |
| ATO.FP Atos Se | 0.16% | 34.00 | -1.11% | +3.03% | -13.13% | -32.23% | 15 |
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.