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 | +1.30% | -0.33 | -12pp | -5.23pp | Weakening |
| 1 month | +5.20% | -1.91 | -17pp | -7.24pp | Weakening |
| 1 quarter | +26.42% | +2.68 | -34pp | -11.74pp | Confirming ↑ |
Over the last 126 sessions: price up +34.37%, breadth up (+4.9/name) · % beating 39→31 · median−ETF -2.80pp→-7.70pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.88% | -0.82% | +0.06pp | 34 / 73 | 59 / 51 | 49 of 110 | ±2.25% |
| 5d | +1.30% | -0.34% | -1.64pp | 51 / 57 | 39 / 71 | 14 of 110 | ±6.76% |
| 21d | +5.20% | -1.91% | -7.12pp | 50 / 60 | 34 / 76 | 3 of 110 | ±13.6% |
| YTD | +1.40% | -6.29% | -7.69pp | 51 / 59 | 50 / 60 | 2 of 110 | ±44.19% |
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)
- CDNS+4.18%+0.15pp
- SNPS+2.87%+0.1pp
- DDOG+2.16%+0.06pp
- PLTR+0.42%+0.03pp
- CRM+0.27%+0.02pp
- ORCL-3.47%-0.32pp
- INTU-3.37%-0.1pp
- NOW-2.13%-0.08pp
- CRWD-1.07%-0.07pp
- PANW-0.86%-0.06pp
This month (21d)
- CRWD+40.07%+2.43pp
- PANW+14.72%+1.1pp
- CRM+15.82%+0.96pp
- PLTR+11.50%+0.83pp
- MSTR+27.42%+0.53pp
- INTU-22.47%-0.66pp
- ADBE-12.77%-0.47pp
- ORCL-3.61%-0.33pp
- ADSK-15.87%-0.3pp
- FICO-24.68%-0.27pp
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)
- CRWD+40.07%
- ZS+27.44%
- MSTR+27.42%
- RBRK+22.83%
- PD+22.04%
- TTAN-34.71%
- ALKT-29.56%
- CXM-29.05%
- PAR-28.00%
- FICO-24.68%
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% | 139.54 | -3.47% | -7.34% | -3.61% | -27.97% | 45 |
| MSFT Microsoft Corp | 8.19% | 497.93 | -0.53% | +0.04% | +1.26% | +3.19% | 61 |
| PANW Palo Alto Networks | 7.49% | 389.92 | -0.86% | +3.96% | +14.72% | +111.68% | 85 |
| PLTR Palantir Technologies Cl A | 7.18% | 192.59 | +0.42% | +9.28% | +11.50% | +8.35% | 78 |
| CRWD Crowdstrike Holdings | 6.06% | 259.67 | -1.07% | +5.69% | +40.07% | +121.58% | 99 |
| CRM Salesforce Inc | 6.05% | 238.22 | +0.27% | -1.91% | +15.82% | -9.85% | 88 |
| APP Applovin Corp Cl A | 4.82% | 312.47 | -0.88% | -2.84% | +0.62% | -53.63% | 56 |
| ADBE Adobe Systems Inc | 3.71% | 238.93 | -0.73% | -5.44% | -12.77% | -31.73% | 18 |
| CDNS Cadence Design Sys | 3.62% | 322.00 | +4.18% | +14.69% | -2.98% | +3.01% | 46 |
| NOW Servicenow Inc | 3.61% | 137.78 | -2.13% | -0.50% | +8.49% | -10.06% | 73 |
| SNPS Synopsys Inc | 3.57% | 424.91 | +2.87% | +11.48% | +3.94% | -9.54% | 66 |
| FTNT Fortinet Inc | 3.03% | 178.67 | -0.04% | +3.53% | +16.28% | +125.00% | 89 |
| INTU Intuit Inc | 2.92% | 277.13 | -3.37% | -11.50% | -22.47% | -57.96% | 5 |
| DDOG Datadog Inc Cl A | 2.65% | 256.92 | +2.16% | +8.86% | +15.22% | +88.93% | 86 |
| MSTR Strategy Inc | 1.92% | 161.61 | -0.36% | +22.20% | +27.42% | +6.36% | 97 |
| ADSK Autodesk Inc | 1.89% | 211.35 | -2.67% | -3.33% | -15.87% | -28.60% | 10 |
| EA Electronic Arts Inc | 1.69% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 62 |
| TTWO Take-Two Interactive | 1.54% | 202.98 | -1.62% | -3.63% | -12.86% | -20.72% | 17 |
| ROP Roper Industries | 1.28% | 364.02 | -0.64% | -2.87% | -11.94% | -17.85% | 19 |
| FICO Fair Isaac and Company | 1.08% | 856.48 | -2.63% | -11.37% | -24.68% | -49.34% | 4 |
| WDAY Workday Inc | 0.96% | 190.99 | -0.72% | -4.16% | -1.76% | -11.08% | 50 |
| ZM Zoom Communications Inc | 0.95% | 90.35 | -1.69% | -1.96% | -10.47% | +4.71% | 22 |
| ZS Zscaler Inc | 0.65% | 214.64 | +0.09% | +8.69% | +27.44% | -4.57% | 98 |
| PTC Ptc Inc | 0.64% | 137.41 | -2.13% | +2.21% | -9.08% | -21.12% | 25 |
| TEAM Atlassian Corp | 0.52% | 192.61 | -1.27% | +0.04% | +15.69% | +18.79% | 87 |
| GEN Gen Digital Inc | 0.51% | 23.07 | -12.05% | -23.63% | -21.29% | -14.24% | 6 |
| TRMB Trimble Navigation | 0.49% | 57.69 | -2.75% | +0.63% | -2.93% | -26.37% | 48 |
| TYL Tyler Technologies | 0.49% | 326.85 | -1.71% | -4.31% | -6.63% | -28.00% | 35 |
| NTNX Nutanix Inc | 0.45% | 68.59 | -1.56% | -1.97% | +3.24% | +32.69% | 64 |
| DT Dynatrace Inc | 0.43% | 58.68 | +0.29% | +5.10% | +17.20% | +35.39% | 91 |
| GWRE Guidewire Software Inc | 0.43% | 151.00 | -1.24% | +4.15% | -19.83% | -24.88% | 8 |
| IOT Samsara Inc Cl A | 0.40% | 39.32 | +0.61% | -1.70% | +0.46% | +10.92% | 55 |
| HUBS Hubspot Inc | 0.39% | 225.56 | -0.21% | -1.75% | -5.10% | -43.79% | 41 |
| HUT Hut 8 Corp | 0.38% | 101.54 | -0.90% | +11.59% | +18.76% | +121.03% | 94 |
| RBRK Rubrik Inc Cl A | 0.37% | 113.80 | -1.53% | +5.54% | +22.83% | +48.80% | 96 |
| DOCU Docusign Inc | 0.36% | 68.99 | -0.72% | -2.34% | +13.96% | +0.86% | 84 |
| QBTS D-Wave Quantum Inc | 0.35% | 17.48 | +3.99% | -1.19% | -9.66% | -33.15% | 23 |
| BMNR Bitmine Immersion Technologies | 0.33% | 28.03 | +2.08% | +17.33% | +12.93% | +3.24% | 81 |
| AUR Aurora Innovation Inc Cl A | 0.33% | 6.06 | -4.11% | -6.63% | +5.03% | +57.81% | 68 |
| U Unity Software Inc | 0.33% | 41.42 | -6.08% | -1.00% | -7.94% | -6.23% | 30 |
| WULF Terawulf Inc | 0.32% | 16.29 | -0.37% | -1.09% | -0.18% | +41.78% | 54 |
| MANH Manhattan Assoc | 0.30% | 209.63 | -0.35% | -0.56% | -1.63% | +20.96% | 51 |
| RIOT Riot Platforms Inc | 0.29% | 23.48 | -4.90% | +7.31% | +10.23% | +85.32% | 76 |
| CORZ Core Scientific Inc | 0.29% | 18.12 | +0.11% | +5.72% | +0.50% | +24.45% | 55 |
| CWAN Clearwater Analytics Holdings Inc Cl A | 0.26% | 24.56 | +0.00% | +0.00% | +0.74% | +1.82% | 59 |
| IDCC Interdigital Inc | 0.25% | 328.03 | +0.45% | +1.89% | -5.07% | +3.49% | 42 |
| CIFR Cipher Digital Inc | 0.23% | 18.10 | -1.36% | +6.85% | +10.97% | +22.63% | 77 |
| SNAP Snap Inc | 0.23% | 5.43 | +2.65% | -3.89% | -8.28% | -32.71% | 29 |
| CRCL Circle Internet Group Inc Cl A | 0.23% | 93.00 | +1.40% | +9.30% | +1.06% | +17.28% | 60 |
| DSGX Descartes Sys Group | 0.23% | 80.13 | -0.14% | +0.63% | +3.37% | -8.59% | 65 |
| S Sentinelone Inc Cl A | 0.22% | 23.98 | -0.50% | +3.41% | +18.07% | +59.87% | 93 |
| OTEX Open Text Corp | 0.22% | 22.66 | -1.82% | -3.66% | -5.92% | -28.87% | 37 |
| PCOR Procore Technologies Inc | 0.21% | 49.50 | -3.06% | -4.35% | -18.33% | -31.95% | 9 |
| YOU Clear Secure Inc Cl A | 0.20% | 38.55 | -0.90% | -3.89% | -12.96% | +10.56% | 15 |
| MARA Mara Holdings Inc | 0.19% | 12.92 | -3.22% | +11.00% | +9.21% | +43.88% | 74 |
| ESTC Elastic N.V. | 0.18% | 91.28 | +0.00% | +2.60% | +13.53% | +21.00% | 82 |
| BSY Bentley Systems Inc Cl B | 0.18% | 31.90 | -2.51% | +1.78% | -13.55% | -16.10% | 12 |
| DBX Dropbox Inc | 0.18% | 32.66 | -4.56% | -13.16% | -6.10% | +17.48% | 36 |
| CVLT Commvault Systems | 0.17% | 150.00 | +0.38% | +0.81% | +14.36% | +19.66% | 85 |
| PATH Uipath Inc Cl A | 0.17% | 12.60 | -3.37% | -8.43% | -24.37% | -23.12% | 5 |
| ACIW Aci Worldwide Inc | 0.16% | 49.62 | +0.81% | -3.05% | -5.31% | +3.79% | 40 |
| CLSK Cleanspark Inc | 0.15% | 14.26 | -1.38% | +6.82% | +11.84% | +40.91% | 79 |
| APPF Appfolio Cl A | 0.15% | 204.43 | -2.66% | -6.97% | -8.35% | -12.13% | 28 |
| ZETA Zeta Global Holdings Corp Cl A | 0.14% | 29.57 | -0.74% | -2.63% | +6.06% | +45.31% | 70 |
| GTLB Gitlab Inc Cl A | 0.13% | 48.62 | -0.80% | -3.28% | +16.71% | +29.55% | 90 |
| BOX Box Inc | 0.13% | 32.32 | -1.34% | -6.78% | -2.06% | +8.06% | 49 |
| BB Blackberry Ltd | 0.13% | 8.73 | +4.18% | +9.95% | +12.07% | +130.34% | 80 |
| VRNS Varonis Systems Inc | 0.13% | 47.95 | -0.83% | +0.29% | +17.47% | +46.19% | 92 |
| QLYS Qualys Inc | 0.13% | 182.94 | -1.00% | +2.73% | +3.98% | +37.65% | 67 |
| TTAN Servicetitan Inc Cl A | 0.13% | 59.98 | -2.71% | +10.56% | -34.71% | -43.68% | 0 |
| DLB Dolby Laboratories | 0.12% | 57.56 | -0.81% | +0.16% | -12.95% | -9.32% | 15 |
| SOUN Soundhound AI Inc Cl A | 0.12% | 6.10 | +1.50% | +1.67% | -13.48% | -38.82% | 13 |
| BILL Bill Holdings Inc | 0.12% | 44.97 | -2.07% | -5.47% | -5.74% | -17.55% | 39 |
| RNG Ringcentral Inc | 0.12% | 79.82 | +0.74% | +6.74% | +21.66% | +177.30% | 95 |
| LIF Life360 Inc | 0.12% | 41.26 | +1.25% | +2.38% | -7.38% | -35.67% | 34 |
| PEGA Pegasystems Inc | 0.12% | 34.23 | -2.70% | -5.10% | +0.68% | -42.61% | 57 |
| TDC Teradata Corp | 0.11% | 29.46 | +0.86% | +0.65% | +7.64% | -3.22% | 72 |
| TENB Tenable Holdings Inc | 0.11% | 35.88 | -0.97% | -0.50% | +9.42% | +52.49% | 75 |
| ADEA Adeia Inc | 0.11% | 25.01 | -0.16% | +0.36% | -7.81% | +45.56% | 32 |
| QTWO Q2 Holdings Inc | 0.11% | 56.45 | +1.42% | -2.59% | -11.65% | -21.77% | 21 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.10% | 6.87 | +3.15% | +4.09% | -7.91% | -13.58% | 31 |
| WK Workiva Llc | 0.10% | 71.48 | +0.97% | -2.35% | -3.80% | -17.12% | 45 |
| RAMP Liveramp Holdings Inc | 0.09% | 37.48 | +0.11% | -1.08% | -0.64% | +27.61% | 52 |
| BRZE Braze Inc Cl A | 0.08% | 24.67 | -4.64% | -1.04% | -19.90% | -28.05% | 7 |
| ALRM Alarm.com | 0.08% | 53.44 | +0.17% | -1.49% | -5.85% | +4.74% | 38 |
| KVYO Klaviyo Inc Series A | 0.08% | 16.11 | -3.99% | +1.51% | -8.47% | -50.38% | 27 |
| AGYS Agilysys Inc | 0.08% | 99.68 | -1.48% | -2.48% | -12.94% | -16.12% | 16 |
| SPSC Sps Commerce Inc | 0.07% | 82.69 | +1.72% | +2.93% | +2.64% | -7.23% | 63 |
| ATEN A10 Networks Inc | 0.07% | 25.99 | -2.84% | -3.56% | +3.42% | +47.67% | 65 |
| NN Nextnav Inc | 0.07% | 14.45 | +0.42% | -3.15% | -7.79% | -13.16% | 33 |
| FRSH Freshworks Inc Cl A | 0.07% | 12.81 | -0.47% | +0.71% | -0.39% | +4.57% | 53 |
| FIVN Five9 Inc | 0.06% | 36.66 | -2.71% | +6.26% | +13.55% | +82.84% | 83 |
| NCNO Ncino Inc | 0.06% | 19.97 | +3.85% | -6.73% | -4.04% | -22.11% | 44 |
| AVPT Avepoint Inc Cl A | 0.05% | 13.16 | +0.30% | -2.66% | +0.69% | -5.26% | 58 |
| BL Blackline Inc | 0.05% | 27.89 | -0.85% | -2.14% | -11.82% | -49.56% | 20 |
| ALKT Alkami Technology Inc | 0.05% | 14.18 | -2.88% | -24.41% | -29.56% | -38.53% | 1 |
| PRGS Progress Software | 0.04% | 40.23 | -1.95% | -1.52% | -7.05% | -6.35% | 35 |
| AI C3.Ai Inc Cl A | 0.04% | 10.76 | -0.92% | -0.19% | +9.91% | -20.18% | 75 |
| INTA Intapp Inc | 0.04% | 36.83 | +1.01% | +0.38% | -9.53% | -19.62% | 24 |
| BLKB Blackbaud Inc | 0.04% | 43.27 | +0.89% | -0.16% | -8.75% | -31.66% | 26 |
| LSPD Lightspeed Commerce Inc | 0.04% | 9.67 | +0.83% | +2.00% | -9.12% | -19.95% | 25 |
| VERX Vertex Inc Cl A | 0.04% | 11.68 | -0.34% | -5.04% | -13.61% | -41.51% | 11 |
| VYX NCR Voyix Corporation | 0.03% | 7.07 | -0.84% | +1.87% | -13.04% | -30.69% | 14 |
| APPN Appian Corp Cl A | 0.03% | 37.61 | -0.92% | -1.31% | -4.98% | +6.18% | 43 |
| PD Pagerduty Inc | 0.02% | 14.95 | +0.81% | +3.53% | +22.04% | +14.04% | 95 |
| CXM Sprinklr Inc Cl A | 0.02% | 5.30 | -2.39% | -5.69% | -29.05% | -31.88% | 2 |
| ASAN Asana Inc Cl A | 0.02% | 9.16 | -3.27% | -9.22% | -2.97% | -33.19% | 47 |
| PAR Par Technology Corp | 0.02% | 13.94 | -5.04% | -12.77% | -28.00% | -61.58% | 3 |
| RPD Rapid7 Inc | 0.02% | 12.85 | -1.83% | +3.55% | +5.94% | -15.46% | 69 |
| NABL N-Able Inc | 0.01% | 4.02 | -3.13% | +0.00% | +7.20% | -46.26% | 71 |
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 2026-09-24: over 21 sessions the fund returned +5.20% while its median constituent returned -1.91% — a dispersion of 13.60 pp; 31% of 110 members beat the fund. Weakening below the surface - the A/D line is falling while price holds up; leadership is narrowing.
How did IGV's members trade in the last session?
As of 2026-09-24: fund -0.88%, median member -0.82%, 34 advancers vs 73 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.