Constituent dispersion · breadth vs the index
IGV — iShares Expanded Tech-Software
Concentration 38.16% in top 5 21.93 effective names · HHI 456
RS vs S&P 500 21d +7.67pp sector return − SPY
RS vs Nasdaq-100 21d +7.52pp sector return − QQQ
Broad advance - breadth is rising with price. Last 21 sessions — price +11.08% · A/D +217 (+1.97/name)
IGV price
Cumulative advance / decline of constituents — rises when more names are up than down; turns before price at inflections
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 | +1.35% | +0.13 | -2pp | -1.28pp | Confirming ↑ |
| 1 month | +11.08% | +1.97 | -17pp | -7.72pp | Confirming ↑ |
| 1 quarter | +14.85% | +3.66 | +22pp | +9.40pp | Confirming ↑ |
Over the last 126 sessions: price up +25.78%, breadth up (+6.59/name) · % beating 45→54 · median−ETF -1.51pp→+0.92pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -2.07% | -1.97% | +0.10pp | 27 / 80 | 57 / 53 | 35 of 110 | ±2.57% |
| 5d | +1.35% | +1.78% | +0.42pp | 74 / 35 | 61 / 49 | 23 of 110 | ±6.46% |
| 21d | +11.08% | +11.76% | +0.69pp | 84 / 26 | 58 / 52 | 4 of 110 | ±16.69% |
| YTD | -1.50% | -4.38% | -2.88pp | 48 / 62 | 49 / 61 | 3 of 110 | ±38.16% |
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)
- SNPS+2.37%+0.08pp
- APP+0.89%+0.04pp
- DDOG+1.28%+0.03pp
- TTWO+2.08%+0.03pp
- WULF+6.56%+0.02pp
- ORCL-3.65%-0.34pp
- CRWD-3.80%-0.23pp
- PANW-2.96%-0.22pp
- PLTR-2.78%-0.2pp
- CRM-2.56%-0.16pp
This month (21d)
- PLTR+29.46%+2.11pp
- ORCL+21.18%+1.95pp
- MSFT+23.51%+1.93pp
- CRM+13.63%+0.82pp
- NOW+19.22%+0.69pp
- APP-27.40%-1.32pp
- CDNS-10.92%-0.4pp
- FICO-12.52%-0.14pp
- DDOG-2.62%-0.07pp
- MARA-19.44%-0.04pp
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+76.53%
- RNG+54.39%
- U+53.20%
- NN+43.75%
- ESTC+39.56%
- APP-27.40%
- NABL-26.50%
- ATEN-24.08%
- MARA-19.44%
- YOU-16.50%
IGV — constituent leadership race
$100 in each covered IGV constituent at 2025-12-30, rebased to 100. Watch leadership change hands.
0%
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% | 150.52 | -3.65% | +2.38% | +21.18% | -22.30% | 79 |
| MSFT Microsoft Corp | 8.19% | 495.40 | -0.30% | -0.92% | +23.51% | +2.67% | 80 |
| PANW Palo Alto Networks | 7.49% | 384.27 | -2.96% | +5.61% | +8.55% | +108.62% | 44 |
| PLTR Palantir Technologies Cl A | 7.18% | 174.04 | -2.78% | +1.18% | +29.46% | -2.09% | 86 |
| CRWD Crowdstrike Holdings | 6.06% | 216.95 | -3.80% | +1.18% | +6.47% | +85.13% | 40 |
| CRM Salesforce Inc | 6.05% | 196.21 | -2.56% | +1.80% | +13.63% | -25.75% | 55 |
| APP Applovin Corp Cl A | 4.82% | 315.44 | +0.89% | -9.04% | -27.40% | -53.19% | 0 |
| ADBE Adobe Systems Inc | 3.71% | 264.02 | -2.39% | -0.45% | +12.20% | -24.56% | 51 |
| CDNS Cadence Design Sys | 3.62% | 324.82 | +0.32% | -4.25% | -10.92% | +3.92% | 5 |
| NOW Servicenow Inc | 3.61% | 124.00 | -2.55% | -0.70% | +19.22% | -19.05% | 74 |
| SNPS Synopsys Inc | 3.57% | 421.50 | +2.37% | +1.32% | +1.07% | -10.27% | 27 |
| FTNT Fortinet Inc | 3.03% | 160.01 | -3.28% | +0.23% | -0.48% | +101.50% | 21 |
| INTU Intuit Inc | 2.92% | 345.66 | -3.53% | +6.28% | +17.26% | -47.56% | 65 |
| DDOG Datadog Inc Cl A | 2.65% | 255.46 | +1.28% | +9.20% | -2.62% | +87.85% | 16 |
| MSTR Strategy Inc | 1.92% | 93.04 | -4.18% | -6.97% | -1.05% | -38.77% | 20 |
| ADSK Autodesk Inc | 1.89% | 251.66 | -2.44% | +1.04% | +15.94% | -14.98% | 62 |
| EA Electronic Arts Inc | 1.69% | 209.70 | +0.00% | +0.38% | +2.07% | +2.73% | 29 |
| TTWO Take-Two Interactive | 1.54% | 246.95 | +2.08% | +0.18% | +3.08% | -3.55% | 33 |
| ROP Roper Industries | 1.28% | 399.34 | +0.46% | -0.72% | +9.65% | -9.88% | 46 |
| FICO Fair Isaac and Company | 1.08% | 1085.78 | -2.24% | +4.26% | -12.52% | -35.78% | 5 |
| WDAY Workday Inc | 0.96% | 198.68 | -3.76% | +10.60% | +36.62% | -7.50% | 94 |
| ZM Zoom Communications Inc | 0.95% | 105.96 | -3.53% | +1.40% | +14.03% | +22.80% | 57 |
| ZS Zscaler Inc | 0.65% | 183.60 | -2.43% | +8.85% | +25.38% | -18.37% | 84 |
| PTC Ptc Inc | 0.64% | 149.75 | -2.69% | +1.38% | +17.58% | -14.04% | 67 |
| TEAM Atlassian Corp | 0.52% | 163.04 | -1.77% | +9.37% | +76.53% | +0.56% | 99 |
| GEN Gen Digital Inc | 0.51% | 28.48 | -3.69% | -2.37% | +5.44% | +5.87% | 38 |
| TRMB Trimble Navigation | 0.49% | 57.60 | +0.10% | -3.21% | +7.16% | -26.48% | 42 |
| TYL Tyler Technologies | 0.49% | 328.64 | -0.09% | +5.18% | +3.92% | -27.60% | 35 |
| NTNX Nutanix Inc | 0.45% | 66.61 | -1.98% | +6.28% | +19.26% | +28.85% | 75 |
| DT Dynatrace Inc | 0.43% | 49.14 | -3.17% | +0.35% | +9.61% | +13.38% | 45 |
| GWRE Guidewire Software Inc | 0.43% | 175.59 | -3.85% | +2.97% | +17.92% | -12.65% | 70 |
| IOT Samsara Inc Cl A | 0.40% | 39.79 | -3.28% | -2.67% | +6.22% | +12.24% | 39 |
| HUBS Hubspot Inc | 0.39% | 224.14 | -6.81% | +6.51% | -0.19% | -44.15% | 23 |
| HUT Hut 8 Corp | 0.38% | 85.44 | +3.00% | -3.56% | -7.04% | +85.98% | 9 |
| RBRK Rubrik Inc Cl A | 0.37% | 102.23 | -2.72% | +13.50% | +28.08% | +33.67% | 85 |
| DOCU Docusign Inc | 0.36% | 62.04 | -3.20% | +2.95% | +16.22% | -9.30% | 63 |
| QBTS D-Wave Quantum Inc | 0.35% | 21.17 | +1.29% | +1.97% | +25.12% | -19.04% | 83 |
| BMNR Bitmine Immersion Technologies | 0.33% | 18.08 | -1.15% | -3.93% | +17.10% | -33.41% | 65 |
| AUR Aurora Innovation Inc Cl A | 0.33% | 6.99 | +2.19% | -0.99% | +17.48% | +82.03% | 66 |
| U Unity Software Inc | 0.33% | 46.25 | +1.00% | +7.56% | +53.20% | +4.71% | 97 |
| WULF Terawulf Inc | 0.32% | 17.38 | +6.56% | +1.76% | -3.34% | +51.26% | 15 |
| MANH Manhattan Assoc | 0.30% | 197.39 | -1.76% | +1.11% | +21.00% | +13.89% | 78 |
| RIOT Riot Platforms Inc | 0.29% | 19.02 | -1.02% | -7.33% | +1.04% | +50.08% | 26 |
| CORZ Core Scientific Inc | 0.29% | 20.18 | +2.02% | -3.95% | -4.00% | +38.60% | 12 |
| CWAN Clearwater Analytics Holdings Inc Cl A | 0.26% | 24.56 | +0.00% | +0.00% | +0.74% | +1.82% | 24 |
| IDCC Interdigital Inc | 0.25% | 343.65 | -0.12% | -0.26% | +29.39% | +8.42% | 85 |
| CIFR Cipher Digital Inc | 0.23% | 17.85 | +7.43% | +3.93% | +0.76% | +20.97% | 25 |
| SNAP Snap Inc | 0.23% | 5.41 | +2.08% | +1.50% | +15.35% | -32.96% | 60 |
| CRCL Circle Internet Group Inc Cl A | 0.23% | 71.60 | -5.01% | +7.39% | +18.07% | -9.71% | 71 |
| DSGX Descartes Sys Group | 0.23% | 77.24 | +0.00% | -2.93% | +1.75% | -11.89% | 28 |
| S Sentinelone Inc Cl A | 0.22% | 23.11 | -3.06% | +7.99% | +17.73% | +54.07% | 68 |
| OTEX Open Text Corp | 0.22% | 24.54 | -1.37% | -1.60% | +4.78% | -22.97% | 37 |
| PCOR Procore Technologies Inc | 0.21% | 59.80 | -3.81% | +4.80% | +32.51% | -17.79% | 88 |
| YOU Clear Secure Inc Cl A | 0.20% | 45.45 | -0.48% | -11.39% | -16.50% | +30.35% | 4 |
| MARA Mara Holdings Inc | 0.19% | 9.20 | -0.11% | -8.82% | -19.44% | +2.45% | 3 |
| ESTC Elastic N.V. | 0.18% | 86.68 | +0.76% | +15.40% | +39.56% | +14.90% | 95 |
| BSY Bentley Systems Inc Cl B | 0.18% | 36.24 | -0.88% | +2.93% | +9.45% | -4.69% | 45 |
| DBX Dropbox Inc | 0.18% | 34.42 | -4.20% | -1.12% | +13.04% | +23.81% | 55 |
| CVLT Commvault Systems | 0.17% | 147.09 | -2.66% | +8.73% | -1.79% | +17.33% | 18 |
| PATH Uipath Inc Cl A | 0.17% | 16.01 | -4.02% | +6.38% | +33.08% | -2.32% | 89 |
| ACIW Aci Worldwide Inc | 0.16% | 53.44 | -0.41% | -0.43% | -8.91% | +11.78% | 7 |
| CLSK Cleanspark Inc | 0.15% | 12.09 | +4.95% | -1.71% | -6.28% | +19.47% | 10 |
| APPF Appfolio Cl A | 0.15% | 204.21 | +0.12% | +2.75% | +12.54% | -12.22% | 52 |
| ZETA Zeta Global Holdings Corp Cl A | 0.14% | 29.05 | -1.92% | +9.05% | +35.75% | +42.75% | 93 |
| GTLB Gitlab Inc Cl A | 0.13% | 42.62 | -1.68% | +9.37% | +34.22% | +13.56% | 90 |
| BOX Box Inc | 0.13% | 32.65 | -2.94% | -1.77% | +3.95% | +9.16% | 36 |
| BB Blackberry Ltd | 0.13% | 8.90 | -1.00% | -0.89% | -2.84% | +134.83% | 15 |
| VRNS Varonis Systems Inc | 0.13% | 44.99 | -1.81% | +3.38% | -4.28% | +37.16% | 11 |
| QLYS Qualys Inc | 0.13% | 186.05 | -5.02% | +1.40% | +18.08% | +39.99% | 72 |
| TTAN Servicetitan Inc Cl A | 0.13% | 90.40 | -3.52% | +5.32% | +19.74% | -15.12% | 76 |
| DLB Dolby Laboratories | 0.12% | 62.39 | +0.03% | +1.59% | +24.80% | -1.71% | 82 |
| SOUN Soundhound AI Inc Cl A | 0.12% | 7.43 | -0.67% | -7.36% | +17.75% | -25.48% | 69 |
| BILL Bill Holdings Inc | 0.12% | 49.78 | -2.98% | +3.73% | +11.46% | -8.73% | 48 |
| RNG Ringcentral Inc | 0.12% | 64.49 | -4.85% | +2.35% | +54.39% | +124.04% | 98 |
| LIF Life360 Inc | 0.12% | 51.21 | +1.91% | -18.97% | -7.18% | -20.16% | 8 |
| PEGA Pegasystems Inc | 0.12% | 32.32 | -3.49% | -1.28% | -1.82% | -45.82% | 17 |
| TDC Teradata Corp | 0.11% | 27.68 | +0.18% | +1.06% | -10.51% | -9.07% | 6 |
| TENB Tenable Holdings Inc | 0.11% | 38.33 | -4.25% | +5.36% | -3.62% | +62.90% | 13 |
| ADEA Adeia Inc | 0.11% | 29.83 | +3.99% | +5.67% | +15.17% | +73.61% | 59 |
| QTWO Q2 Holdings Inc | 0.11% | 64.73 | -2.25% | +3.06% | +16.46% | -10.30% | 64 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.10% | 6.97 | -2.11% | +0.72% | +12.97% | -12.33% | 54 |
| WK Workiva Llc | 0.10% | 70.51 | -4.39% | +8.24% | +23.77% | -18.25% | 81 |
| RAMP Liveramp Holdings Inc | 0.09% | 37.85 | -0.18% | +0.11% | -0.42% | +28.87% | 22 |
| BRZE Braze Inc Cl A | 0.08% | 29.30 | -1.91% | +10.40% | +11.79% | -14.55% | 50 |
| ALRM Alarm.com | 0.08% | 55.57 | -0.39% | -3.41% | +2.72% | +8.92% | 31 |
| KVYO Klaviyo Inc Series A | 0.08% | 18.49 | -3.80% | +11.25% | +3.76% | -43.06% | 35 |
| AGYS Agilysys Inc | 0.08% | 114.00 | -1.04% | +4.99% | +3.61% | -4.07% | 34 |
| SPSC Sps Commerce Inc | 0.07% | 79.40 | +0.04% | +8.20% | +20.76% | -10.92% | 77 |
| ATEN A10 Networks Inc | 0.07% | 27.40 | +1.48% | +2.09% | -24.08% | +55.68% | 2 |
| NN Nextnav Inc | 0.07% | 19.90 | +1.97% | +21.98% | +43.75% | +19.56% | 96 |
| FRSH Freshworks Inc Cl A | 0.07% | 12.66 | -0.16% | +6.93% | +15.62% | +3.35% | 61 |
| FIVN Five9 Inc | 0.06% | 33.00 | -2.37% | -2.91% | +30.64% | +64.59% | 87 |
| NCNO Ncino Inc | 0.06% | 20.81 | +0.73% | +8.56% | +14.59% | -18.84% | 58 |
| AVPT Avepoint Inc Cl A | 0.05% | 13.48 | -1.96% | +5.39% | +2.20% | -2.95% | 30 |
| BL Blackline Inc | 0.05% | 30.53 | -2.65% | +3.32% | +0.83% | -44.78% | 25 |
| ALKT Alkami Technology Inc | 0.05% | 20.67 | -0.53% | +4.76% | +13.95% | -10.40% | 56 |
| PRGS Progress Software | 0.04% | 43.73 | -2.24% | +2.08% | +8.38% | +1.79% | 43 |
| AI C3.Ai Inc Cl A | 0.04% | 9.93 | -2.46% | -2.84% | +11.45% | -26.34% | 47 |
| INTA Intapp Inc | 0.04% | 40.11 | -2.22% | +6.31% | +35.74% | -12.46% | 92 |
| BLKB Blackbaud Inc | 0.04% | 45.25 | -2.08% | -1.35% | +37.00% | -28.54% | 95 |
| LSPD Lightspeed Commerce Inc | 0.04% | 10.67 | -2.65% | +2.01% | +2.99% | -11.67% | 32 |
| VERX Vertex Inc Cl A | 0.04% | 12.72 | -4.00% | +6.53% | -3.34% | -36.30% | 14 |
| VYX NCR Voyix Corporation | 0.03% | 8.16 | -3.89% | -1.09% | -1.57% | -20.00% | 19 |
| APPN Appian Corp Cl A | 0.03% | 35.41 | -4.32% | +2.22% | +35.10% | -0.03% | 91 |
| PD Pagerduty Inc | 0.02% | 11.90 | -1.57% | +1.80% | +11.74% | -9.23% | 49 |
| CXM Sprinklr Inc Cl A | 0.02% | 6.89 | -1.99% | +0.44% | +18.18% | -11.44% | 73 |
| ASAN Asana Inc Cl A | 0.02% | 9.14 | -7.40% | -1.30% | +19.63% | -33.33% | 75 |
| PAR Par Technology Corp | 0.02% | 19.05 | +2.36% | +6.96% | +12.86% | -47.49% | 53 |
| RPD Rapid7 Inc | 0.02% | 13.00 | -5.66% | +12.36% | +6.82% | -14.47% | 41 |
| NABL N-Able Inc | 0.01% | 3.44 | -6.52% | -31.06% | -26.50% | -54.01% | 1 |
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.