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 | -4.29% | -1.32 | +4pp | +2.01pp | Confirming ↓ |
| 1 month | +5.58% | +0.85 | -4pp | -0.32pp | Confirming ↑ |
| 1 quarter | +32.75% | +4.02 | +16pp | +4.45pp | Confirming ↑ |
Over the last 126 sessions: price up +25.05%, breadth up (+5.76/name) · % beating 46→50 · median−ETF -0.44pp→+0.48pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.78% | +1.39% | +0.62pp | 30 / 11 | 26 / 15 | 14 of 41 | ±2.36% |
| 5d | -4.29% | -4.13% | +0.16pp | 10 / 31 | 21 / 20 | 13 of 41 | ±5.5% |
| 21d | +5.58% | +7.10% | +1.52pp | 31 / 10 | 21 / 20 | 3 of 41 | ±9.09% |
| YTD | +23.94% | +20.00% | -3.94pp | 26 / 14 | 18 / 22 | 0 of 40 | ±42.36% |
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)
- BAH+10.11%+0.14pp
- CSCO+1.25%+0.11pp
- CHKP+3.62%+0.08pp
- ACN+5.95%+0.07pp
- GEN+3.07%+0.07pp
- AVGO-2.69%-0.19pp
- AKAM-1.70%-0.06pp
- PANW-0.57%-0.06pp
- ANET-1.48%-0.03pp
- FROG-1.34%-0.02pp
This month (21d)
- PANW+13.51%+1.38pp
- CRWD+8.93%+0.94pp
- NET+17.30%+0.74pp
- OKTA+16.80%+0.49pp
- FTNT+4.88%+0.46pp
- CSCO-4.64%-0.41pp
- IBM-18.55%-0.32pp
- AKAM-3.44%-0.12pp
- GOOGL-7.40%-0.12pp
- RBRK-1.72%-0.03pp
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+23.57%
- VRNS+22.66%
- S+19.97%
- QLYS+19.20%
- NET+17.30%
- IBM-18.55%
- ATO.FP-13.75%
- GOOGL-7.40%
- CSCO-4.64%
- AKAM-3.44%
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% | 183.28 | -0.08% | -9.75% | +8.93% | +56.40% | 63 |
| PANW Palo Alto Networks | 10.24% | 323.79 | -0.57% | -9.73% | +13.51% | +75.78% | 76 |
| FTNT Fortinet Inc | 9.41% | 152.37 | +0.55% | -5.72% | +4.88% | +91.88% | 44 |
| CSCO Cisco Systems Inc | 8.93% | 114.17 | +1.25% | +1.99% | -4.64% | +49.82% | 7 |
| AVGO Broadcom Ltd | 7.16% | 381.92 | -2.69% | +2.99% | -0.04% | +10.58% | 22 |
| NET Cloudflare Inc Cl A | 4.26% | 262.15 | -0.06% | -5.59% | +17.30% | +32.97% | 88 |
| AKAM Akamai Technologies | 3.54% | 115.37 | -1.70% | -4.01% | -3.44% | +32.23% | 10 |
| FFIV F5 Inc | 3.03% | 392.21 | +1.06% | -4.13% | +1.93% | +53.65% | 29 |
| DDOG Datadog Inc Cl A | 2.97% | 246.86 | +1.01% | -4.57% | +10.87% | +81.53% | 71 |
| OKTA Okta Inc Cl A | 2.94% | 138.50 | +1.76% | -7.26% | +16.80% | +60.17% | 85 |
| NTAP Netapp Inc | 2.46% | 167.74 | +1.88% | +2.36% | +7.83% | +58.21% | 56 |
| ZS Zscaler Inc | 2.44% | 142.32 | +1.88% | -5.08% | +11.83% | -36.72% | 73 |
| GEN Gen Digital Inc | 2.23% | 25.84 | +3.07% | -3.37% | +9.68% | -3.95% | 66 |
| CHKP Check Point Software | 2.11% | 130.57 | +3.62% | -4.76% | +4.72% | -29.63% | 41 |
| RBRK Rubrik Inc Cl A | 1.90% | 73.24 | +0.84% | -7.26% | -1.72% | -4.24% | 12 |
| FROG Jfrog Ltd | 1.81% | 80.16 | -1.34% | -9.46% | +4.57% | +28.34% | 39 |
| IBM Intl Business Machines | 1.71% | 214.19 | +3.65% | +0.71% | -18.55% | -27.28% | 0 |
| ANET Arista Networks Inc | 1.70% | 173.99 | -1.48% | +3.19% | +7.57% | +32.79% | 54 |
| DT Dynatrace Inc | 1.64% | 41.62 | +2.39% | -6.28% | +2.49% | -3.97% | 32 |
| GOOGL Alphabet Cl A | 1.63% | 319.74 | +0.65% | -7.79% | -7.40% | +2.23% | 5 |
| MSFT Microsoft Corp | 1.49% | 381.70 | +0.03% | -3.08% | +4.44% | -20.89% | 34 |
| BAH Booz Allen Hamilton Holding Corp | 1.36% | 72.53 | +10.11% | +11.23% | +15.71% | -13.37% | 83 |
| HO.FP Thales | 1.21% | 236.40 | -0.80% | +5.96% | +8.24% | +2.87% | 59 |
| INFY Infosys Ltd ADR | 1.19% | 11.11 | +4.12% | -3.31% | +1.65% | -36.31% | 27 |
| ACN Accenture Plc | 1.17% | 146.99 | +5.95% | +2.38% | +13.81% | -44.43% | 78 |
| BB Blackberry Ltd | 1.10% | 8.54 | -1.04% | -5.01% | -0.93% | +125.33% | 15 |
| LDOS Leidos Holdings Inc | 0.97% | 112.14 | +1.64% | +5.32% | +7.50% | -37.68% | 51 |
| ESTC Elastic N.V. | 0.94% | 58.68 | +2.35% | -4.72% | -0.05% | -22.22% | 20 |
| OTEX.TO Open Text Corporation | 0.93% | 31.56 | +4.23% | -3.25% | +4.54% | -27.80% | 37 |
| S Sentinelone Inc Cl A | 0.88% | 18.14 | +4.37% | -7.31% | +19.97% | +20.93% | 93 |
| SAIC Science Applications International | 0.81% | 118.99 | +2.14% | +3.01% | +9.70% | +19.06% | 68 |
| CVLT Commvault Systems | 0.77% | 142.31 | +0.83% | -3.72% | +8.83% | +13.52% | 61 |
| VRNS Varonis Systems Inc | 0.60% | 45.74 | +2.14% | -3.79% | +22.66% | +39.45% | 95 |
| QLYS Qualys Inc | 0.57% | 137.48 | +2.80% | -13.77% | +19.20% | +3.45% | 90 |
| TENB Tenable Holdings Inc | 0.50% | 32.25 | +1.99% | -19.13% | +15.51% | +37.06% | 80 |
| FSLY Fastly Inc | 0.47% | 20.24 | +4.17% | -2.32% | +23.57% | — | 98 |
| NTCT Netscout Systems | 0.43% | 40.00 | +1.39% | -3.15% | -0.72% | +47.82% | 17 |
| ATEN A10 Networks Inc | 0.30% | 34.27 | -1.13% | -4.70% | +0.26% | +94.71% | 24 |
| ZD Ziff Davis Inc | 0.26% | 51.60 | -0.41% | -4.41% | +7.10% | +46.80% | 49 |
| RDWR Radware Ltd | 0.19% | 29.51 | +1.97% | -2.58% | +5.02% | +22.50% | 46 |
| ATO.FP Atos Se | 0.16% | 28.72 | +0.14% | -8.18% | -13.75% | -42.75% | 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.