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 | -8.16% | -0.81 | +2pp | +1.75pp | Confirming ↓ |
| 1 month | -6.43% | +0.92 | +42pp | +17.01pp | Improving |
| 1 quarter | +1.33% | -0.78 | +16pp | +9.39pp | Weakening |
Over the last 126 sessions: price up +16.92%, breadth up (+1.9/name) · % beating 42→71 · median−ETF -3.43pp→+10.49pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.75% | +0.00% | -0.75pp | 54 / 52 | 37 / 73 | 43 of 110 | ±4.6% |
| 5d | -8.16% | -2.61% | +5.55pp | 35 / 74 | 87 / 23 | 7 of 110 | ±8.29% |
| 21d | -6.43% | +2.52% | +8.95pp | 62 / 47 | 78 / 31 | 3 of 109 | ±17.38% |
| YTD | -2.85% | -1.29% | +1.56pp | 52 / 57 | 61 / 48 | 6 of 109 | ±38.68% |
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)
- ORCL+5.85%+0.54pp
- APP+7.28%+0.35pp
- MSFT+2.74%+0.22pp
- NOW+2.97%+0.11pp
- CRWD+1.19%+0.07pp
- PLTR-1.65%-0.12pp
- CRM-1.76%-0.11pp
- ADBE-2.12%-0.08pp
- CDNS-1.75%-0.06pp
- DT-14.69%-0.06pp
This month (21d)
- INTU+21.66%+0.63pp
- ROP+30.33%+0.39pp
- ADSK+13.88%+0.26pp
- GEN+33.35%+0.17pp
- ADBE+3.08%+0.11pp
- PANW-13.91%-1.04pp
- ORCL-11.11%-1.02pp
- FTNT-30.42%-0.92pp
- NOW-19.78%-0.71pp
- APP-12.93%-0.62pp
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)
- GEN+33.35%
- ROP+30.33%
- VYX+28.65%
- CXM+28.30%
- KVYO+27.72%
- CIFR-47.55%
- MARA-35.90%
- CLSK-34.70%
- QBTS-33.70%
- ADEA-31.49%
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% | 126.19 | +5.85% | -3.32% | -11.11% | -34.86% | 21 |
| MSFT Microsoft Corp | 8.19% | 520.99 | +2.74% | -1.95% | -0.80% | +7.97% | 39 |
| PANW Palo Alto Networks | 7.49% | 350.20 | -0.43% | -12.82% | -13.91% | +90.12% | 17 |
| PLTR Palantir Technologies Cl A | 7.18% | 175.40 | -1.65% | -11.74% | -7.39% | -1.32% | 27 |
| CRWD Crowdstrike Holdings | 6.06% | 244.68 | +1.19% | -8.71% | -10.27% | +108.79% | 22 |
| CRM Salesforce Inc | 6.05% | 222.20 | -1.76% | -7.76% | -3.30% | -15.91% | 34 |
| APP Applovin Corp Cl A | 4.82% | 245.51 | +7.28% | -6.59% | -12.93% | -63.56% | 18 |
| ADBE Adobe Systems Inc | 3.71% | 246.14 | -2.12% | -0.89% | +3.08% | -29.67% | 50 |
| CDNS Cadence Design Sys | 3.62% | 323.75 | -1.75% | -5.63% | -8.41% | +3.57% | 26 |
| NOW Servicenow Inc | 3.61% | 109.16 | +2.97% | -29.47% | -19.78% | -28.74% | 13 |
| SNPS Synopsys Inc | 3.57% | 462.88 | -0.69% | -2.43% | -5.24% | -1.46% | 29 |
| FTNT Fortinet Inc | 3.03% | 128.11 | +1.51% | -30.75% | -30.42% | +61.33% | 5 |
| INTU Intuit Inc | 2.92% | 344.72 | -2.10% | +4.95% | +21.66% | -47.70% | 85 |
| DDOG Datadog Inc Cl A | 2.65% | 220.52 | +2.05% | -21.47% | -20.22% | +62.16% | 12 |
| MSTR Strategy Inc | 1.92% | 135.63 | +3.72% | -4.08% | -17.52% | -10.74% | 14 |
| ADSK Autodesk Inc | 1.89% | 252.32 | -2.17% | +4.22% | +13.88% | -14.76% | 70 |
| EA Electronic Arts Inc | 1.69% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 49 |
| TTWO Take-Two Interactive | 1.54% | 194.99 | +1.50% | -3.12% | -4.16% | -23.84% | 33 |
| ROP Roper Industries | 1.28% | 473.58 | -1.24% | +9.00% | +30.33% | +6.88% | 98 |
| FICO Fair Isaac and Company | 1.08% | 724.38 | +0.03% | +4.72% | +5.04% | -57.15% | 55 |
| WDAY Workday Inc | 0.96% | 197.94 | -0.10% | -3.66% | +4.75% | -7.84% | 54 |
| ZM Zoom Communications Inc | 0.95% | 91.84 | -0.15% | -5.71% | -1.90% | +6.43% | 37 |
| ZS Zscaler Inc | 0.65% | 225.09 | +0.58% | -13.48% | +11.54% | +0.08% | 63 |
| PTC Ptc Inc | 0.64% | 194.06 | -0.13% | -0.29% | +0.94% | +11.39% | 44 |
| TEAM Atlassian Corp | 0.52% | 191.05 | +2.12% | -12.93% | -2.85% | +17.83% | 36 |
| GEN Gen Digital Inc | 0.51% | 29.71 | -0.60% | +22.52% | +33.35% | +10.44% | 99 |
| TRMB Trimble Navigation | 0.49% | 65.61 | -0.35% | +3.88% | +11.56% | -16.26% | 64 |
| TYL Tyler Technologies | 0.49% | 404.24 | +0.07% | +6.77% | +23.12% | -10.95% | 90 |
| NTNX Nutanix Inc | 0.45% | 64.68 | +0.39% | -11.08% | -11.89% | +25.13% | 19 |
| DT Dynatrace Inc | 0.43% | 47.03 | -14.69% | -26.23% | -21.89% | +8.51% | 11 |
| GWRE Guidewire Software Inc | 0.43% | 161.04 | -0.86% | -4.79% | -1.34% | -19.88% | 38 |
| IOT Samsara Inc Cl A | 0.40% | 41.11 | -1.89% | -5.52% | -3.02% | +15.97% | 35 |
| HUBS Hubspot Inc | 0.39% | 226.17 | -3.14% | -9.82% | +2.52% | -43.64% | 50 |
| HUT Hut 8 Corp | 0.38% | 63.20 | +14.90% | -6.15% | -29.20% | +37.57% | 6 |
| RBRK Rubrik Inc Cl A | 0.37% | 116.51 | +1.60% | -14.17% | -5.03% | +52.34% | 30 |
| DOCU Docusign Inc | 0.36% | 80.36 | -1.58% | -2.05% | +14.75% | +17.49% | 72 |
| QBTS D-Wave Quantum Inc | 0.35% | 10.37 | +2.78% | -14.51% | -33.70% | -60.34% | 3 |
| BMNR Bitmine Immersion Technologies | 0.33% | 20.53 | +5.07% | -5.04% | -23.37% | -24.38% | 10 |
| AUR Aurora Innovation Inc Cl A | 0.33% | 4.27 | +0.95% | -16.60% | -25.74% | +11.20% | 9 |
| U Unity Software Inc | 0.33% | 40.48 | +4.14% | +0.95% | -11.38% | -8.35% | 20 |
| WULF Terawulf Inc | 0.32% | 12.53 | +14.53% | -1.03% | -15.28% | +9.05% | 15 |
| MANH Manhattan Assoc | 0.30% | 255.14 | +0.76% | +9.04% | +24.19% | +47.22% | 92 |
| RIOT Riot Platforms Inc | 0.29% | 14.02 | +18.41% | +3.39% | -27.43% | +10.66% | 7 |
| CORZ Core Scientific Inc | 0.29% | 14.24 | +13.87% | -0.18% | -14.22% | -2.20% | 16 |
| CWAN Clearwater Analytics Holdings Inc Cl A | 0.26% | 24.56 | +0.00% | +0.00% | +0.74% | +1.82% | 43 |
| IDCC Interdigital Inc | 0.25% | 313.60 | -0.74% | -4.63% | -7.06% | -1.06% | 28 |
| CIFR Cipher Digital Inc | 0.23% | 8.12 | +18.37% | -4.25% | -47.55% | -44.99% | 0 |
| SNAP Snap Inc | 0.23% | 5.59 | +2.57% | -8.06% | -0.36% | -30.73% | 41 |
| CRCL Circle Internet Group Inc Cl A | 0.23% | 75.22 | +4.36% | -7.80% | -9.70% | -5.15% | 24 |
| DSGX Descartes Sys Group | 0.23% | 91.17 | -0.25% | -1.10% | +13.02% | +4.00% | 69 |
| S Sentinelone Inc Cl A | 0.22% | 23.11 | -0.22% | -9.90% | -9.12% | +54.07% | 25 |
| OTEX Open Text Corp | 0.22% | 25.76 | -2.87% | -5.36% | +14.49% | -19.14% | 72 |
| PCOR Procore Technologies Inc | 0.21% | 63.17 | +0.96% | +2.33% | +16.59% | -13.16% | 76 |
| YOU Clear Secure Inc Cl A | 0.20% | 47.76 | -0.40% | +4.90% | +15.78% | +36.98% | 74 |
| MARA Mara Holdings Inc | 0.19% | 7.16 | +11.35% | +0.99% | -35.90% | -20.27% | 1 |
| ESTC Elastic N.V. | 0.18% | 90.47 | -0.95% | -14.26% | -4.68% | +19.92% | 32 |
| BSY Bentley Systems Inc Cl B | 0.18% | 42.13 | -0.64% | +7.15% | +21.24% | +10.80% | 84 |
| DBX Dropbox Inc | 0.18% | 34.96 | -1.91% | -5.33% | +1.72% | +25.76% | 47 |
| CVLT Commvault Systems | 0.17% | 160.99 | +2.00% | -6.70% | +4.72% | +28.42% | 53 |
| PATH Uipath Inc Cl A | 0.17% | 13.13 | -1.57% | -6.61% | -0.23% | -19.89% | 42 |
| ACIW Aci Worldwide Inc | 0.16% | 58.43 | +0.05% | +6.90% | +14.08% | +22.21% | 71 |
| CLSK Cleanspark Inc | 0.15% | 8.15 | +13.99% | -0.49% | -34.70% | -19.47% | 2 |
| APPF Appfolio Cl A | 0.15% | 223.74 | -0.50% | +11.07% | +9.54% | -3.83% | 62 |
| ZETA Zeta Global Holdings Corp Cl A | 0.14% | 30.97 | +1.47% | -7.14% | -5.81% | +52.19% | 28 |
| GTLB Gitlab Inc Cl A | 0.13% | 52.37 | +0.50% | -7.83% | +1.69% | +39.54% | 46 |
| BOX Box Inc | 0.13% | 43.01 | -0.53% | +1.18% | +21.70% | +43.80% | 86 |
| BB Blackberry Ltd | 0.13% | 8.19 | +2.12% | -14.24% | -9.80% | +116.09% | 23 |
| VRNS Varonis Systems Inc | 0.13% | 48.96 | +0.43% | -0.31% | +1.68% | +49.27% | 45 |
| QLYS Qualys Inc | 0.13% | 210.57 | +1.43% | -7.60% | +5.98% | +58.44% | 58 |
| TTAN Servicetitan Inc Cl A | 0.13% | 83.17 | +0.31% | +1.90% | +15.26% | -21.91% | 73 |
| DLB Dolby Laboratories | 0.12% | 63.32 | +0.06% | +0.92% | +6.67% | -0.24% | 60 |
| SOUN Soundhound AI Inc Cl A | 0.12% | 4.12 | +0.73% | -5.72% | -29.93% | -58.68% | 6 |
| BILL Bill Holdings Inc | 0.12% | 49.82 | +0.20% | +0.83% | +11.98% | -8.65% | 65 |
| RNG Ringcentral Inc | 0.12% | 78.14 | +0.51% | -8.71% | -1.16% | +171.47% | 39 |
| LIF Life360 Inc | 0.12% | 45.07 | +0.85% | +4.38% | +5.87% | -29.73% | 56 |
| PEGA Pegasystems Inc | 0.12% | 34.35 | -0.67% | -2.75% | -0.52% | -42.41% | 40 |
| TDC Teradata Corp | 0.11% | 33.62 | +0.03% | -2.61% | +12.40% | +10.45% | 67 |
| TENB Tenable Holdings Inc | 0.11% | 47.03 | -0.89% | -3.33% | +22.12% | +99.87% | 88 |
| ADEA Adeia Inc | 0.11% | 17.86 | -13.59% | -21.32% | -31.49% | +3.95% | 4 |
| QTWO Q2 Holdings Inc | 0.11% | 71.23 | +1.12% | +4.55% | +22.37% | -1.29% | 89 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.10% | 7.68 | +0.00% | -0.26% | +16.72% | -3.40% | 78 |
| WK Workiva Llc | 0.10% | 83.88 | -1.05% | -0.67% | +16.69% | -2.75% | 77 |
| RAMP Liveramp Holdings Inc | 0.09% | 38.50 | +0.71% | +0.68% | +2.12% | +31.09% | 48 |
| BRZE Braze Inc Cl A | 0.08% | 45.79 | +0.26% | +0.02% | — | — | — |
| ALRM Alarm.com | 0.08% | 65.46 | -0.86% | +1.01% | +16.39% | +28.30% | 75 |
| KVYO Klaviyo Inc Series A | 0.08% | 21.33 | -2.16% | +5.70% | +27.72% | -34.31% | 95 |
| AGYS Agilysys Inc | 0.08% | 119.87 | +1.60% | +3.51% | +20.47% | +0.87% | 83 |
| SPSC Sps Commerce Inc | 0.07% | 85.25 | +0.20% | -1.15% | +5.95% | -4.35% | 57 |
| ATEN A10 Networks Inc | 0.07% | 24.30 | +3.32% | -9.67% | -13.80% | +38.07% | 17 |
| NN Nextnav Inc | 0.07% | 9.85 | +2.39% | -17.30% | -26.05% | -40.81% | 8 |
| FRSH Freshworks Inc Cl A | 0.07% | 14.15 | -0.42% | -5.03% | +7.03% | +15.51% | 61 |
| FIVN Five9 Inc | 0.06% | 35.77 | +0.00% | -3.66% | +4.07% | +78.40% | 52 |
| NCNO Ncino Inc | 0.06% | 22.62 | -2.33% | -1.31% | +17.32% | -11.78% | 79 |
| AVPT Avepoint Inc Cl A | 0.05% | 16.44 | -1.62% | -0.12% | +12.14% | +18.36% | 66 |
| BL Blackline Inc | 0.05% | 33.34 | -2.20% | -2.20% | +18.52% | -39.70% | 80 |
| ALKT Alkami Technology Inc | 0.05% | 13.46 | +0.90% | -12.37% | -4.88% | -41.66% | 31 |
| PRGS Progress Software | 0.04% | 44.12 | -1.69% | -2.50% | +18.54% | +2.70% | 81 |
| AI C3.Ai Inc Cl A | 0.04% | 11.54 | -0.09% | -6.10% | +4.06% | -14.39% | 51 |
| INTA Intapp Inc | 0.04% | 44.80 | -0.51% | +4.31% | +19.85% | -2.23% | 82 |
| BLKB Blackbaud Inc | 0.04% | 54.21 | -0.42% | +0.95% | +25.17% | -14.39% | 94 |
| LSPD Lightspeed Commerce Inc | 0.04% | 10.98 | -1.88% | +0.83% | +7.54% | -9.11% | 61 |
| VERX Vertex Inc Cl A | 0.04% | 15.26 | -3.60% | +3.11% | +24.27% | -23.59% | 93 |
| VYX NCR Voyix Corporation | 0.03% | 8.80 | -1.35% | +13.84% | +28.65% | -13.73% | 97 |
| APPN Appian Corp Cl A | 0.03% | 48.64 | -0.23% | -2.60% | +27.30% | +37.32% | 94 |
| PD Pagerduty Inc | 0.02% | 16.61 | -0.60% | -6.42% | +6.54% | +26.70% | 59 |
| CXM Sprinklr Inc Cl A | 0.02% | 6.71 | -2.47% | +0.45% | +28.30% | -13.75% | 96 |
| ASAN Asana Inc Cl A | 0.02% | 11.15 | +0.81% | -5.99% | +21.99% | -18.67% | 87 |
| PAR Par Technology Corp | 0.02% | 18.13 | +0.67% | +7.41% | +24.01% | -50.03% | 91 |
| RPD Rapid7 Inc | 0.02% | 14.84 | -0.10% | -15.68% | +20.06% | -2.37% | 83 |
| NABL N-Able Inc | 0.01% | 5.04 | -0.40% | -1.75% | +13.00% | -32.62% | 68 |
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 2026-11-04: over 21 sessions the fund returned -6.43% while its median constituent returned +2.52% — a dispersion of 17.38 pp; 72% of 109 members beat the fund. Improving below the surface - the A/D line is rising while price is flat-to-down; more names participating than the headline shows.
How did IGV's members trade in the last session?
As of 2026-11-04: fund +0.75%, median member +0.00%, 54 advancers vs 52 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 Closelooknet lake.
Is this investment advice?
No — a data surface in an investment research diary. It describes breadth inside a fund; it makes no recommendation.