Constituent dispersion · breadth vs the index
IGV — iShares Expanded Tech-Software
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 | -3.05% | -0.5 | +11pp | +5.61pp | Confirming ↓ |
| 1 month | +5.57% | +0.37 | -5pp | -1.08pp | Confirming ↑ |
| 1 quarter | +6.91% | +1.86 | +16pp | +8.36pp | Confirming ↑ |
Over the last 126 sessions: price up +21.60%, breadth up (+4.46/name) · % beating 38→50 · median−ETF -2.32pp→+0.02pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +3.41% | +1.98% | -1.43pp | 95 / 13 | 32 / 78 | 21 of 110 | ±3.91% |
| 5d | -3.05% | -1.27% | +1.79pp | 43 / 66 | 79 / 31 | 16 of 110 | ±5.94% |
| 21d | +5.57% | +5.32% | -0.24pp | 78 / 32 | 54 / 56 | 9 of 110 | ±16.7% |
| YTD | +1.21% | -2.52% | -3.73pp | 52 / 58 | 50 / 60 | 2 of 110 | ±35.63% |
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)
- PLTR+7.71%+0.55pp
- ORCL+5.69%+0.52pp
- CRWD+5.68%+0.34pp
- MSTR+17.56%+0.34pp
- NOW+6.49%+0.23pp
- APP-1.71%-0.08pp
- ADSK-1.74%-0.03pp
- CDNS-0.59%-0.02pp
- TTWO-0.93%-0.01pp
- HUBS-2.23%-0.01pp
This month (21d)
- CRM+37.02%+2.24pp
- PLTR+15.21%+1.09pp
- MSTR+47.22%+0.91pp
- NOW+24.20%+0.87pp
- ORCL+6.68%+0.62pp
- APP-24.94%-1.2pp
- DDOG-24.16%-0.64pp
- PANW-8.47%-0.63pp
- CDNS-9.55%-0.35pp
- FTNT-4.73%-0.14pp
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)
- TEAM+71.80%
- CRCL+63.13%
- MSTR+47.22%
- BMNR+43.52%
- ESTC+37.88%
- LIF-28.59%
- APP-24.94%
- DDOG-24.16%
- QBTS-21.37%
- YOU-21.02%
IGV — constituent leadership race
$100 in each covered IGV 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 — 110 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| ORCL Oracle Corp | 9.21% | 154.04 | +5.69% | +1.38% | +6.68% | -20.48% | 55 |
| MSFT Microsoft Corp | 8.19% | 510.12 | +2.68% | +1.00% | +4.65% | +5.72% | 46 |
| PANW Palo Alto Networks | 7.49% | 331.94 | +1.05% | -13.30% | -8.47% | +80.21% | 12 |
| PLTR Palantir Technologies Cl A | 7.18% | 182.53 | +7.71% | -1.83% | +15.21% | +2.69% | 75 |
| CRWD Crowdstrike Holdings | 6.06% | 214.97 | +5.68% | -5.70% | +2.43% | +83.44% | 39 |
| CRM Salesforce Inc | 6.05% | 264.43 | +2.92% | +4.91% | +37.02% | +0.07% | 95 |
| APP Applovin Corp Cl A | 4.82% | 313.58 | -1.71% | +0.30% | -24.94% | -53.46% | 1 |
| ADBE Adobe Systems Inc | 3.71% | 285.75 | +2.13% | -1.18% | +10.19% | -18.35% | 67 |
| CDNS Cadence Design Sys | 3.62% | 304.88 | -0.59% | -12.28% | -9.55% | -2.46% | 10 |
| NOW Servicenow Inc | 3.61% | 145.59 | +6.49% | +5.17% | +24.20% | -4.96% | 86 |
| SNPS Synopsys Inc | 3.57% | 416.31 | +0.08% | -10.45% | +3.86% | -11.37% | 45 |
| FTNT Fortinet Inc | 3.03% | 156.36 | +1.18% | -9.50% | -4.73% | +96.90% | 21 |
| INTU Intuit Inc | 2.92% | 344.30 | +0.40% | -1.06% | +4.99% | -47.77% | 48 |
| DDOG Datadog Inc Cl A | 2.65% | 214.76 | +2.64% | -11.60% | -24.16% | +57.92% | 2 |
| MSTR Strategy Inc | 1.92% | 144.82 | +17.56% | +5.40% | +47.22% | -4.69% | 97 |
| ADSK Autodesk Inc | 1.89% | 237.52 | -1.74% | -12.22% | -1.05% | -19.76% | 27 |
| EA Electronic Arts Inc | 1.69% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 37 |
| TTWO Take-Two Interactive | 1.54% | 214.13 | -0.93% | -8.10% | -8.85% | -16.37% | 11 |
| ROP Roper Industries | 1.28% | 422.35 | +1.58% | -0.08% | +7.05% | -4.68% | 57 |
| FICO Fair Isaac and Company | 1.08% | 1118.93 | +1.77% | -3.30% | +2.51% | -33.82% | 40 |
| WDAY Workday Inc | 0.96% | 206.92 | +3.01% | +6.90% | +21.26% | -3.66% | 84 |
| ZM Zoom Communications Inc | 0.95% | 98.14 | +2.38% | -2.12% | -2.48% | +13.73% | 24 |
| ZS Zscaler Inc | 0.65% | 177.80 | +2.94% | -5.07% | +9.99% | -20.95% | 66 |
| PTC Ptc Inc | 0.64% | 150.08 | +0.64% | -5.58% | +7.64% | -13.85% | 61 |
| TEAM Atlassian Corp | 0.52% | 194.68 | +4.42% | +4.88% | +71.80% | +20.07% | 99 |
| GEN Gen Digital Inc | 0.51% | 31.33 | +2.22% | +2.72% | +12.09% | +16.46% | 70 |
| TRMB Trimble Navigation | 0.49% | 60.10 | +1.67% | -2.34% | +2.59% | -23.29% | 41 |
| TYL Tyler Technologies | 0.49% | 379.27 | +1.17% | +2.54% | +23.71% | -16.45% | 85 |
| NTNX Nutanix Inc | 0.45% | 68.08 | +1.84% | -2.52% | +11.68% | +31.71% | 68 |
| DT Dynatrace Inc | 0.43% | 52.76 | +3.72% | -1.25% | +3.74% | +21.74% | 45 |
| GWRE Guidewire Software Inc | 0.43% | 202.86 | +5.24% | +0.88% | +26.53% | +0.92% | 89 |
| IOT Samsara Inc Cl A | 0.40% | 38.75 | +5.33% | -7.45% | +0.05% | +9.31% | 29 |
| HUBS Hubspot Inc | 0.39% | 245.51 | -2.23% | +3.56% | -1.36% | -38.82% | 25 |
| HUT Hut 8 Corp | 0.38% | 88.09 | +9.18% | +1.10% | -5.03% | +91.75% | 19 |
| RBRK Rubrik Inc Cl A | 0.37% | 92.14 | +5.69% | -13.90% | +8.64% | +20.48% | 62 |
| DOCU Docusign Inc | 0.36% | 65.97 | +0.89% | +3.40% | +14.75% | -3.55% | 73 |
| QBTS D-Wave Quantum Inc | 0.35% | 16.82 | +2.00% | -6.03% | -21.37% | -35.68% | 3 |
| BMNR Bitmine Immersion Technologies | 0.33% | 26.45 | +14.70% | +3.20% | +43.52% | -2.58% | 96 |
| AUR Aurora Innovation Inc Cl A | 0.33% | 6.32 | +8.03% | +11.07% | -5.53% | +64.58% | 18 |
| U Unity Software Inc | 0.33% | 42.08 | +3.24% | -3.24% | +18.64% | -4.73% | 82 |
| WULF Terawulf Inc | 0.32% | 16.23 | +9.51% | -1.58% | -10.18% | +41.25% | 9 |
| MANH Manhattan Assoc | 0.30% | 222.35 | +2.57% | -0.63% | +15.76% | +28.30% | 75 |
| RIOT Riot Platforms Inc | 0.29% | 21.14 | +13.44% | +1.25% | -1.67% | +66.85% | 25 |
| CORZ Core Scientific Inc | 0.29% | 17.90 | +6.48% | +1.59% | -17.78% | +22.94% | 6 |
| CWAN Clearwater Analytics Holdings Inc Cl A | 0.26% | 24.56 | +0.00% | +0.00% | +0.74% | +1.82% | 31 |
| IDCC Interdigital Inc | 0.25% | 335.91 | +1.86% | +0.38% | +1.62% | +5.98% | 35 |
| CIFR Cipher Digital Inc | 0.23% | 17.37 | +14.43% | +3.58% | -7.16% | +17.68% | 14 |
| SNAP Snap Inc | 0.23% | 5.70 | +1.97% | +6.94% | +6.94% | -29.37% | 56 |
| CRCL Circle Internet Group Inc Cl A | 0.23% | 103.23 | +16.46% | +9.54% | +63.13% | +30.18% | 98 |
| DSGX Descartes Sys Group | 0.23% | 80.75 | +2.88% | +0.11% | +5.39% | -7.88% | 50 |
| S Sentinelone Inc Cl A | 0.22% | 19.80 | +0.61% | -12.81% | -5.71% | +32.00% | 17 |
| OTEX Open Text Corp | 0.22% | 24.85 | +5.39% | -1.31% | -3.12% | -22.00% | 23 |
| PCOR Procore Technologies Inc | 0.21% | 60.59 | +1.85% | -4.88% | +8.80% | -16.70% | 63 |
| YOU Clear Secure Inc Cl A | 0.20% | 44.59 | +1.27% | +1.04% | -21.02% | +27.88% | 4 |
| MARA Mara Holdings Inc | 0.19% | 11.60 | +10.79% | -2.27% | +3.20% | +29.18% | 44 |
| ESTC Elastic N.V. | 0.18% | 96.13 | +7.31% | +14.80% | +37.88% | +27.43% | 95 |
| BSY Bentley Systems Inc Cl B | 0.18% | 35.59 | +1.34% | -5.37% | -1.25% | -6.40% | 26 |
| DBX Dropbox Inc | 0.18% | 35.70 | +3.48% | -0.50% | +2.00% | +28.42% | 35 |
| CVLT Commvault Systems | 0.17% | 137.12 | +4.23% | -2.31% | +2.97% | +9.38% | 42 |
| PATH Uipath Inc Cl A | 0.17% | 18.22 | +1.28% | -0.60% | +31.84% | +11.17% | 92 |
| ACIW Aci Worldwide Inc | 0.16% | 52.91 | +0.86% | -2.43% | -8.44% | +10.67% | 13 |
| CLSK Cleanspark Inc | 0.15% | 12.58 | +11.03% | -2.86% | -6.81% | +24.31% | 15 |
| APPF Appfolio Cl A | 0.15% | 223.57 | -0.31% | -3.66% | +15.84% | -3.90% | 76 |
| ZETA Zeta Global Holdings Corp Cl A | 0.14% | 32.68 | +7.36% | +8.14% | +20.72% | +60.59% | 83 |
| GTLB Gitlab Inc Cl A | 0.13% | 49.31 | -0.56% | +10.04% | +36.37% | +31.39% | 94 |
| BOX Box Inc | 0.13% | 35.96 | +3.96% | +3.51% | +12.38% | +20.23% | 71 |
| BB Blackberry Ltd | 0.13% | 7.70 | +1.18% | -10.98% | -11.80% | +103.17% | 8 |
| VRNS Varonis Systems Inc | 0.13% | 46.51 | -0.53% | +3.86% | +7.17% | +41.80% | 58 |
| QLYS Qualys Inc | 0.13% | 174.35 | +2.06% | -7.55% | -4.86% | +31.19% | 20 |
| TTAN Servicetitan Inc Cl A | 0.13% | 93.10 | +1.01% | -7.49% | +7.63% | -12.58% | 60 |
| DLB Dolby Laboratories | 0.12% | 61.92 | +0.21% | -0.79% | +1.50% | -2.45% | 34 |
| SOUN Soundhound AI Inc Cl A | 0.12% | 6.74 | -0.59% | -6.65% | +4.82% | -32.40% | 47 |
| BILL Bill Holdings Inc | 0.12% | 50.86 | +4.31% | +4.07% | +5.26% | -6.75% | 49 |
| RNG Ringcentral Inc | 0.12% | 76.36 | +5.21% | +11.43% | +24.46% | +165.28% | 87 |
| LIF Life360 Inc | 0.12% | 43.88 | +1.64% | -0.86% | -28.59% | -31.59% | 0 |
| PEGA Pegasystems Inc | 0.12% | 37.61 | +0.78% | +4.79% | +18.23% | -36.95% | 81 |
| TDC Teradata Corp | 0.11% | 28.79 | +1.88% | +0.84% | +9.76% | -5.42% | 65 |
| TENB Tenable Holdings Inc | 0.11% | 34.49 | +0.73% | -8.32% | -4.19% | +46.58% | 22 |
| ADEA Adeia Inc | 0.11% | 25.46 | +1.92% | -2.90% | -14.88% | +48.18% | 7 |
| QTWO Q2 Holdings Inc | 0.11% | 64.08 | +0.11% | -2.44% | +0.74% | -11.20% | 32 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.10% | 7.22 | +0.56% | -5.00% | +11.76% | -9.18% | 69 |
| WK Workiva Llc | 0.10% | 78.59 | +3.75% | +1.28% | +27.37% | -8.88% | 91 |
| RAMP Liveramp Holdings Inc | 0.09% | 37.76 | -0.11% | +0.03% | -0.11% | +28.57% | 28 |
| BRZE Braze Inc Cl A | 0.08% | 33.25 | +0.94% | -2.46% | +26.81% | -3.03% | 90 |
| ALRM Alarm.com | 0.08% | 56.73 | +0.32% | -1.51% | +0.12% | +11.19% | 30 |
| KVYO Klaviyo Inc Series A | 0.08% | 19.76 | +2.33% | +0.76% | +2.38% | -39.14% | 38 |
| AGYS Agilysys Inc | 0.08% | 114.15 | +0.56% | -5.27% | +3.08% | -3.95% | 43 |
| SPSC Sps Commerce Inc | 0.07% | 84.21 | +1.68% | +0.01% | +15.94% | -5.52% | 77 |
| ATEN A10 Networks Inc | 0.07% | 24.71 | -0.20% | -8.58% | -19.88% | +40.40% | 5 |
| NN Nextnav Inc | 0.07% | 15.72 | +2.41% | +0.06% | +6.04% | -5.53% | 54 |
| FRSH Freshworks Inc Cl A | 0.07% | 13.36 | +1.29% | -2.41% | +15.97% | +9.06% | 78 |
| FIVN Five9 Inc | 0.06% | 34.10 | +1.52% | -1.36% | +15.20% | +70.07% | 74 |
| NCNO Ncino Inc | 0.06% | 23.63 | +2.92% | +1.33% | +22.88% | -7.84% | 85 |
| AVPT Avepoint Inc Cl A | 0.05% | 13.57 | +1.65% | -5.10% | +1.27% | -2.30% | 33 |
| BL Blackline Inc | 0.05% | 33.23 | +3.26% | -1.45% | +9.06% | -39.90% | 64 |
| ALKT Alkami Technology Inc | 0.05% | 20.09 | +1.06% | -1.28% | +6.80% | -12.92% | 55 |
| PRGS Progress Software | 0.04% | 44.61 | +2.95% | -1.35% | +5.59% | +3.84% | 51 |
| AI C3.Ai Inc Cl A | 0.04% | 10.90 | +3.61% | +5.52% | +9.99% | -19.14% | 65 |
| INTA Intapp Inc | 0.04% | 43.11 | +3.90% | -1.35% | +16.64% | -5.91% | 79 |
| BLKB Blackbaud Inc | 0.04% | 48.46 | +2.09% | -0.23% | +5.60% | -23.47% | 52 |
| LSPD Lightspeed Commerce Inc | 0.04% | 10.57 | +1.54% | -2.04% | +2.13% | -12.50% | 36 |
| VERX Vertex Inc Cl A | 0.04% | 13.78 | +2.23% | -3.64% | +16.78% | -31.00% | 80 |
| VYX NCR Voyix Corporation | 0.03% | 8.96 | -0.22% | -2.40% | -5.88% | -12.16% | 16 |
| APPN Appian Corp Cl A | 0.03% | 40.82 | +2.33% | -1.40% | +36.25% | +15.25% | 93 |
| PD Pagerduty Inc | 0.02% | 14.10 | +2.40% | +11.64% | +25.67% | +7.55% | 88 |
| CXM Sprinklr Inc Cl A | 0.02% | 6.24 | -10.22% | -21.41% | -7.00% | -19.79% | 15 |
| ASAN Asana Inc Cl A | 0.02% | 10.09 | +2.96% | -0.79% | +13.63% | -26.40% | 72 |
| PAR Par Technology Corp | 0.02% | 18.90 | +0.80% | -1.72% | +7.26% | -47.91% | 59 |
| RPD Rapid7 Inc | 0.02% | 11.47 | +3.61% | -15.04% | +5.62% | -24.54% | 53 |
| NABL N-Able Inc | 0.01% | 3.99 | +0.50% | +1.01% | -20.04% | -46.66% | 5 |
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.
FAQ · from the current data
IGV dispersion — data Q&A
Is IGV's move broad or carried by a few names (21 sessions)?
As of 2026-09-03: over 21 sessions the fund returned +5.57% while its median constituent returned +5.32% — a dispersion of 16.70 pp; 49% of 110 members beat the fund. Broad advance - breadth is rising with price.
How did IGV's members trade in the last session?
As of 2026-09-03: fund +3.41%, median member +1.98%, 95 advancers vs 13 decliners.
What does the dispersion page for IGV measure?
It splits the fund into its members: the fund's own return against the median constituent, how many members beat the fund, advancers vs decliners, and a cumulative advance/decline line that tends to lead price. A firm fund price with a weak median and a falling A/D line is a narrow, top-heavy tape; a broad move shows the median keeping up. 110 constituents covered, re-baked nightly from the Closelook lake.
Is this investment advice?
No — a data surface in an investment research diary. It describes breadth inside a fund; it makes no recommendation.