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 | -1.99% | +0.07 | +11pp | +6.87pp | Improving |
| 1 month | +1.99% | -0.6 | +4pp | +0.19pp | Weakening |
| 1 quarter | +14.89% | -0.2 | -27pp | -10.45pp | Weakening |
Over the last 126 sessions: price up +27.64%, breadth up (+3.33/name) · % beating 45→44 · median−ETF -0.74pp→-1.81pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -3.00% | -1.69% | +1.31pp | 28 / 79 | 70 / 40 | 19 of 110 | ±3.53% |
| 5d | -1.99% | +0.49% | +2.48pp | 58 / 50 | 76 / 34 | 15 of 110 | ±7.77% |
| 21d | +1.99% | +0.35% | -1.64pp | 58 / 51 | 48 / 62 | 12 of 110 | ±12.75% |
| YTD | +1.87% | -6.74% | -8.61pp | 48 / 62 | 44 / 66 | 4 of 110 | ±40.81% |
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)
- INTU+2.98%+0.09pp
- ADBE+1.86%+0.07pp
- NOW+0.99%+0.04pp
- ROP+1.16%+0.01pp
- DOCU+4.04%+0.01pp
- ORCL-7.07%-0.65pp
- PANW-5.54%-0.41pp
- CRWD-4.56%-0.28pp
- PLTR-3.69%-0.26pp
- APP-3.71%-0.18pp
This month (21d)
- PLTR+16.46%+1.18pp
- SNPS+30.52%+1.09pp
- CDNS+20.26%+0.73pp
- MSFT+7.36%+0.6pp
- DDOG+16.96%+0.45pp
- APP-20.90%-1.01pp
- ORCL-5.18%-0.48pp
- CRM-7.54%-0.46pp
- FICO-27.01%-0.29pp
- ADBE-6.63%-0.25pp
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)
- PTC+45.87%
- SNPS+30.52%
- TTAN+24.04%
- CDNS+20.26%
- DDOG+16.96%
- CIFR-34.13%
- ALKT-28.26%
- NN-28.02%
- FICO-27.01%
- CLSK-26.90%
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% | 133.08 | -7.07% | -6.96% | -5.18% | -31.30% | 28 |
| MSFT Microsoft Corp | 8.19% | 533.69 | -1.80% | +0.74% | +7.36% | +10.61% | 77 |
| PANW Palo Alto Networks | 7.49% | 375.04 | -5.54% | -7.53% | -0.01% | +103.60% | 45 |
| PLTR Palantir Technologies Cl A | 7.18% | 200.97 | -3.69% | +3.53% | +16.46% | +13.06% | 95 |
| CRWD Crowdstrike Holdings | 6.06% | 249.29 | -4.56% | -6.08% | +2.80% | +112.72% | 62 |
| CRM Salesforce Inc | 6.05% | 235.95 | -0.87% | +5.07% | -7.54% | -10.71% | 22 |
| APP Applovin Corp Cl A | 4.82% | 262.19 | -3.71% | -6.79% | -20.90% | -61.09% | 10 |
| ADBE Adobe Systems Inc | 3.71% | 240.68 | +1.86% | +3.40% | -6.63% | -31.23% | 23 |
| CDNS Cadence Design Sys | 3.62% | 329.46 | -1.42% | -7.49% | +20.26% | +5.40% | 96 |
| NOW Servicenow Inc | 3.61% | 139.98 | +0.99% | +1.53% | -1.35% | -8.62% | 36 |
| SNPS Synopsys Inc | 3.57% | 479.93 | -2.95% | -4.52% | +30.52% | +2.17% | 98 |
| FTNT Fortinet Inc | 3.03% | 184.05 | -3.52% | -2.76% | +6.78% | +131.77% | 75 |
| INTU Intuit Inc | 2.92% | 310.44 | +2.98% | +4.93% | -5.72% | -52.90% | 26 |
| DDOG Datadog Inc Cl A | 2.65% | 269.33 | -4.94% | -0.74% | +16.96% | +98.05% | 95 |
| MSTR Strategy Inc | 1.92% | 143.24 | -5.87% | -6.60% | +10.52% | -5.73% | 88 |
| ADSK Autodesk Inc | 1.89% | 231.14 | +0.31% | -1.66% | +2.05% | -21.91% | 56 |
| EA Electronic Arts Inc | 1.69% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 58 |
| TTWO Take-Two Interactive | 1.54% | 201.23 | +0.45% | -1.36% | -5.04% | -21.40% | 29 |
| ROP Roper Industries | 1.28% | 372.69 | +1.16% | +3.94% | -2.93% | -15.89% | 31 |
| FICO Fair Isaac and Company | 1.08% | 719.63 | -0.47% | +5.55% | -27.01% | -57.43% | 3 |
| WDAY Workday Inc | 0.96% | 188.77 | +1.48% | +2.45% | -1.00% | -12.11% | 39 |
| ZM Zoom Communications Inc | 0.95% | 94.47 | -3.76% | -0.32% | +1.50% | +9.48% | 55 |
| ZS Zscaler Inc | 0.65% | 220.79 | -3.44% | +3.39% | +13.87% | -1.84% | 91 |
| PTC Ptc Inc | 0.64% | 193.64 | -0.16% | +0.02% | +45.87% | +11.15% | 99 |
| TEAM Atlassian Corp | 0.52% | 204.66 | -1.62% | +4.53% | +7.82% | +26.22% | 79 |
| GEN Gen Digital Inc | 0.51% | 23.80 | -0.04% | +6.30% | -23.79% | -11.53% | 7 |
| TRMB Trimble Navigation | 0.49% | 59.10 | -1.53% | -1.60% | +0.51% | -24.57% | 50 |
| TYL Tyler Technologies | 0.49% | 350.11 | +0.93% | +5.35% | -0.86% | -22.87% | 41 |
| NTNX Nutanix Inc | 0.45% | 69.85 | -4.16% | -4.86% | +2.74% | +35.13% | 61 |
| DT Dynatrace Inc | 0.43% | 63.95 | -0.81% | +6.92% | +15.91% | +47.55% | 94 |
| GWRE Guidewire Software Inc | 0.43% | 164.92 | -0.52% | +0.57% | +10.77% | -17.95% | 89 |
| IOT Samsara Inc Cl A | 0.40% | 40.80 | -1.14% | +0.72% | -2.04% | +15.09% | 35 |
| HUBS Hubspot Inc | 0.39% | 226.23 | +2.24% | +2.71% | -6.50% | -43.63% | 24 |
| HUT Hut 8 Corp | 0.38% | 74.87 | -10.45% | -16.16% | -14.03% | +62.97% | 13 |
| RBRK Rubrik Inc Cl A | 0.37% | 113.90 | -3.86% | -7.94% | +10.00% | +48.93% | 85 |
| DOCU Docusign Inc | 0.36% | 75.23 | +4.04% | +9.19% | +4.70% | +9.99% | 68 |
| QBTS D-Wave Quantum Inc | 0.35% | 12.03 | -10.09% | -20.96% | -26.69% | -54.00% | 5 |
| BMNR Bitmine Immersion Technologies | 0.33% | 22.25 | -5.28% | -9.77% | -5.72% | -18.05% | 25 |
| AUR Aurora Innovation Inc Cl A | 0.33% | 5.05 | -5.43% | -11.71% | -21.58% | +31.51% | 9 |
| U Unity Software Inc | 0.33% | 41.40 | -11.22% | -8.89% | -3.74% | -6.27% | 30 |
| WULF Terawulf Inc | 0.32% | 11.54 | -12.64% | -19.86% | -20.36% | +0.44% | 11 |
| MANH Manhattan Assoc | 0.30% | 220.04 | -1.20% | +8.87% | +4.97% | +26.96% | 70 |
| RIOT Riot Platforms Inc | 0.29% | 15.10 | -9.42% | -18.55% | -23.35% | +19.18% | 8 |
| CORZ Core Scientific Inc | 0.29% | 13.51 | -12.44% | -15.24% | -15.77% | -7.21% | 12 |
| CWAN Clearwater Analytics Holdings Inc Cl A | 0.26% | 24.56 | +0.00% | +0.00% | +0.74% | +1.82% | 52 |
| IDCC Interdigital Inc | 0.25% | 325.86 | -1.89% | -1.27% | -0.07% | +2.81% | 45 |
| CIFR Cipher Digital Inc | 0.23% | 9.94 | -12.35% | -31.73% | -34.13% | -32.66% | 0 |
| SNAP Snap Inc | 0.23% | 6.10 | -6.01% | +4.99% | +4.63% | -24.41% | 67 |
| CRCL Circle Internet Group Inc Cl A | 0.23% | 79.55 | -5.60% | -1.60% | -7.82% | +0.32% | 21 |
| DSGX Descartes Sys Group | 0.23% | 85.34 | +0.54% | +6.58% | +6.97% | -2.65% | 76 |
| S Sentinelone Inc Cl A | 0.22% | 22.82 | -4.96% | -9.84% | -2.81% | +52.13% | 33 |
| OTEX Open Text Corp | 0.22% | 24.97 | +0.08% | +7.91% | +5.45% | -21.62% | 71 |
| PCOR Procore Technologies Inc | 0.21% | 55.97 | -0.39% | +2.14% | +6.49% | -23.05% | 74 |
| YOU Clear Secure Inc Cl A | 0.20% | 44.31 | +1.82% | +4.06% | +6.57% | +27.08% | 75 |
| MARA Mara Holdings Inc | 0.19% | 8.23 | -9.66% | -20.56% | -26.78% | -8.35% | 5 |
| ESTC Elastic N.V. | 0.18% | 92.06 | -2.40% | -1.12% | +8.10% | +22.03% | 80 |
| BSY Bentley Systems Inc Cl B | 0.18% | 35.09 | +0.09% | -0.17% | +10.31% | -7.71% | 87 |
| DBX Dropbox Inc | 0.18% | 35.62 | +0.06% | +7.68% | -5.34% | +28.13% | 27 |
| CVLT Commvault Systems | 0.17% | 154.33 | -2.85% | +2.69% | +7.70% | +23.11% | 78 |
| PATH Uipath Inc Cl A | 0.17% | 13.06 | -1.43% | -0.08% | -8.22% | -20.32% | 20 |
| ACIW Aci Worldwide Inc | 0.16% | 51.07 | -0.25% | +0.83% | -0.43% | +6.82% | 43 |
| CLSK Cleanspark Inc | 0.15% | 9.23 | -9.11% | -19.92% | -26.90% | -8.84% | 4 |
| APPF Appfolio Cl A | 0.15% | 203.18 | +2.09% | +3.15% | -10.08% | -12.67% | 18 |
| ZETA Zeta Global Holdings Corp Cl A | 0.14% | 32.27 | -4.53% | -4.36% | +3.96% | +58.57% | 65 |
| GTLB Gitlab Inc Cl A | 0.13% | 53.16 | +2.33% | +2.25% | +8.27% | +41.65% | 83 |
| BOX Box Inc | 0.13% | 38.07 | +1.41% | +6.64% | +9.40% | +27.28% | 85 |
| BB Blackberry Ltd | 0.13% | 8.23 | -2.83% | -6.16% | +5.51% | +117.15% | 73 |
| VRNS Varonis Systems Inc | 0.13% | 47.06 | -3.41% | -3.88% | -0.86% | +43.48% | 40 |
| QLYS Qualys Inc | 0.13% | 189.63 | -4.28% | -2.63% | +2.30% | +42.69% | 57 |
| TTAN Servicetitan Inc Cl A | 0.13% | 72.69 | +1.30% | +1.32% | +24.04% | -31.75% | 97 |
| DLB Dolby Laboratories | 0.12% | 58.84 | +0.82% | +0.84% | -2.52% | -7.30% | 34 |
| SOUN Soundhound AI Inc Cl A | 0.12% | 4.53 | -7.17% | -19.54% | -26.34% | -54.56% | 6 |
| BILL Bill Holdings Inc | 0.12% | 44.18 | +0.45% | +0.41% | -11.57% | -19.00% | 15 |
| RNG Ringcentral Inc | 0.12% | 75.20 | -4.44% | -1.75% | +3.82% | +161.25% | 65 |
| LIF Life360 Inc | 0.12% | 41.55 | -2.35% | +0.75% | -1.49% | -35.22% | 35 |
| PEGA Pegasystems Inc | 0.12% | 33.83 | -1.60% | -1.51% | -10.10% | -43.28% | 17 |
| TDC Teradata Corp | 0.11% | 29.89 | -1.94% | +2.50% | +1.70% | -1.81% | 55 |
| TENB Tenable Holdings Inc | 0.11% | 38.12 | -7.68% | -2.11% | +0.08% | +62.01% | 47 |
| ADEA Adeia Inc | 0.11% | 21.61 | -6.61% | -11.11% | -13.21% | +25.77% | 14 |
| QTWO Q2 Holdings Inc | 0.11% | 59.43 | +0.25% | +3.12% | -1.08% | -17.64% | 38 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.10% | 7.64 | -2.30% | +16.64% | +15.76% | -3.90% | 93 |
| WK Workiva Llc | 0.10% | 72.64 | +0.19% | +1.55% | -2.90% | -15.78% | 32 |
| RAMP Liveramp Holdings Inc | 0.09% | 37.61 | -0.13% | +0.00% | +0.00% | +28.06% | 46 |
| BRZE Braze Inc Cl A | 0.08% | 28.25 | -2.35% | -0.74% | +11.13% | -17.61% | 90 |
| ALRM Alarm.com | 0.08% | 56.68 | +0.69% | +3.66% | +2.57% | +11.09% | 59 |
| KVYO Klaviyo Inc Series A | 0.08% | 17.01 | +0.35% | -2.30% | +0.18% | -47.61% | 48 |
| AGYS Agilysys Inc | 0.08% | 107.41 | -1.69% | +5.39% | +2.65% | -9.62% | 60 |
| SPSC Sps Commerce Inc | 0.07% | 85.27 | +1.80% | +5.27% | +3.99% | -4.33% | 66 |
| ATEN A10 Networks Inc | 0.07% | 27.05 | -5.05% | -5.12% | +1.12% | +53.69% | 53 |
| NN Nextnav Inc | 0.07% | 10.74 | -5.04% | -15.50% | -28.02% | -35.46% | 2 |
| FRSH Freshworks Inc Cl A | 0.07% | 13.69 | -1.51% | +0.66% | +8.14% | +11.76% | 81 |
| FIVN Five9 Inc | 0.06% | 33.08 | -6.58% | -2.07% | +0.18% | +64.99% | 49 |
| NCNO Ncino Inc | 0.06% | 19.67 | -0.20% | +3.04% | -10.22% | -23.28% | 16 |
| AVPT Avepoint Inc Cl A | 0.05% | 14.00 | -3.65% | -1.96% | +2.98% | +0.79% | 63 |
| BL Blackline Inc | 0.05% | 29.32 | -0.64% | +3.49% | +0.62% | -46.97% | 51 |
| ALKT Alkami Technology Inc | 0.05% | 13.81 | -2.40% | -2.40% | -28.26% | -40.14% | 1 |
| PRGS Progress Software | 0.04% | 38.61 | -2.03% | +3.76% | -11.36% | -10.13% | 15 |
| AI C3.Ai Inc Cl A | 0.04% | 11.67 | -2.83% | +3.92% | +8.16% | -13.43% | 82 |
| INTA Intapp Inc | 0.04% | 39.55 | -0.23% | +5.19% | +5.49% | -13.68% | 72 |
| BLKB Blackbaud Inc | 0.04% | 48.86 | +1.66% | +9.75% | +8.39% | -22.84% | 84 |
| LSPD Lightspeed Commerce Inc | 0.04% | 10.31 | -3.46% | +0.78% | +4.88% | -14.65% | 69 |
| VERX Vertex Inc Cl A | 0.04% | 12.74 | +0.16% | +3.33% | -1.16% | -36.20% | 37 |
| VYX NCR Voyix Corporation | 0.03% | 6.88 | -4.44% | +2.53% | -8.99% | -32.55% | 19 |
| APPN Appian Corp Cl A | 0.03% | 38.45 | -0.67% | +1.83% | +1.40% | +8.55% | 54 |
| PD Pagerduty Inc | 0.02% | 16.64 | -0.24% | +8.26% | +14.68% | +26.93% | 92 |
| CXM Sprinklr Inc Cl A | 0.02% | 5.63 | +0.00% | +8.48% | -0.35% | -27.63% | 44 |
| ASAN Asana Inc Cl A | 0.02% | 9.81 | -0.51% | +5.14% | +3.26% | -28.45% | 64 |
| PAR Par Technology Corp | 0.02% | 15.81 | -1.68% | +6.97% | -6.45% | -56.42% | 25 |
| RPD Rapid7 Inc | 0.02% | 12.38 | -4.18% | -0.88% | -0.64% | -18.55% | 42 |
| NABL N-Able Inc | 0.01% | 4.44 | -1.99% | -0.89% | +10.17% | -40.64% | 86 |
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 2026-10-14: over 21 sessions the fund returned +1.99% while its median constituent returned +0.35% — a dispersion of 12.75 pp; 44% 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 2026-10-14: fund -3.00%, median member -1.69%, 28 advancers vs 79 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.