Constituent dispersion · breadth vs the index
IXN — iShares Global Tech
Concentration 49.47% in top 5 15.13 effective names · HHI 661
RS vs S&P 500 21d +0.61pp sector return − SPY
RS vs Nasdaq-100 21d +0.80pp sector return − QQQ
Broad advance - breadth is rising with price. Last 21 sessions — price +3.3% · A/D +33 (+0.38/name)
IXN 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 | +3.10% | +0.81 | -11pp | -2.47pp | Confirming ↑ |
| 1 month | +3.30% | +0.38 | -16pp | -2.97pp | Confirming ↑ |
| 1 quarter | +31.25% | +4.87 | -14pp | -2.44pp | Confirming ↑ |
Over the last 126 sessions: price up +32.71%, breadth up (+6.99/name) · % beating 46→33 · median−ETF -0.65pp→-3.54pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.21% | -0.04% | -0.25pp | 40 / 45 | 34 / 52 | 47 of 86 | ±1.72% |
| 5d | +3.10% | +1.01% | -2.09pp | 51 / 35 | 28 / 58 | 6 of 86 | ±5.33% |
| 21d | +3.30% | +0.17% | -3.12pp | 44 / 42 | 29 / 57 | 9 of 86 | ±10.6% |
| YTD | +34.03% | +12.23% | -21.80pp | 51 / 34 | 35 / 50 | 0 of 85 | ±101.85% |
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)
- NVDA+4.03%+0.53pp
- AMD+2.04%+0.06pp
- CSCO+2.54%+0.05pp
- ORCL+2.65%+0.04pp
- AMAT+2.35%+0.03pp
- INTC-2.40%-0.06pp
- MU-1.24%-0.05pp
- CRWD-5.66%-0.04pp
- PANW-3.67%-0.03pp
- AAPL-0.28%-0.03pp
This month (21d)
- AAPL+8.53%+0.94pp
- AMD+17.32%+0.55pp
- AMAT+20.69%+0.3pp
- PANW+25.10%+0.22pp
- NVDA+1.33%+0.17pp
- ORCL-31.91%-0.45pp
- MSFT-4.54%-0.35pp
- ACN-22.04%-0.1pp
- SAP-11.77%-0.09pp
- QCOM-7.92%-0.08pp
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)
- PANW+25.10%
- ANET+22.87%
- AMAT+20.69%
- AMD+17.32%
- ZBRA+16.36%
- ORCL-31.91%
- SMCI-30.34%
- ACN-22.04%
- CTSH-19.59%
- ON-17.98%
IXN — constituent leadership race
$100 in each covered IXN 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 — 86 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| NVDA Nvidia Corp | 13.10% | 210.96 | +4.03% | +8.28% | +1.33% | +13.25% | 56 |
| AAPL Apple Inc | 11.00% | 315.32 | -0.28% | +2.17% | +8.53% | +16.09% | 81 |
| MSFT Microsoft Corp | 7.64% | 385.10 | +0.19% | -1.38% | -4.54% | -20.19% | 29 |
| AVGO Broadcom Ltd | 4.83% | 399.97 | -0.28% | +10.96% | +1.99% | +15.81% | 58 |
| MU Micron Technology | 3.72% | 979.30 | -1.24% | +0.40% | +4.64% | +243.26% | 71 |
| AMD Adv Micro Devices | 3.18% | 557.89 | +2.04% | +7.74% | +17.32% | +160.50% | 95 |
| ASML ASML Holdings NY Reg ADR | 2.62% | 1797.32 | -0.38% | +1.58% | +1.10% | +68.58% | 55 |
| INTC Intel Corp | 2.41% | 109.84 | -2.40% | -8.73% | +1.78% | +197.67% | 57 |
| CSCO Cisco Systems Inc | 2.03% | 121.31 | +2.54% | +8.05% | +0.79% | +59.18% | 52 |
| LRCX Lam Research Corp | 1.64% | 350.33 | -0.80% | -0.31% | +7.16% | +105.05% | 76 |
| AMAT Applied Materials | 1.47% | 602.50 | +2.35% | -0.09% | +20.69% | +134.74% | 97 |
| ORCL Oracle Corp | 1.40% | 144.22 | +2.65% | +1.21% | -31.91% | -25.55% | 0 |
| PLTR Palantir Technologies Cl A | 1.36% | 126.79 | -1.74% | -1.94% | -4.00% | -28.67% | 33 |
| TXN Texas Instruments | 1.17% | 311.46 | +0.95% | +6.27% | +7.91% | +80.70% | 78 |
| KLAC K L A-Tencor Corp | 1.05% | 231.52 | +0.87% | -1.71% | +8.22% | — | 79 |
| IBM Intl Business Machines | 1.02% | 287.56 | -2.62% | -0.68% | +3.63% | -2.37% | 66 |
| SNDK Sandisk Corp | 0.99% | 1915.92 | +3.10% | +9.79% | +16.36% | +707.11% | 93 |
| QCOM Qualcomm Inc | 0.99% | 189.16 | -1.02% | +7.32% | -7.92% | +11.30% | 17 |
| PANW Palo Alto Networks | 0.88% | 325.91 | -3.67% | -6.36% | +25.10% | +76.93% | 99 |
| ADI Analog Devices | 0.81% | 395.65 | +0.51% | +4.90% | -2.22% | +46.35% | 41 |
| SAP SAP Ag ADR | 0.77% | 157.86 | -0.38% | -2.91% | -11.77% | -35.01% | 10 |
| STX Seagate Technology Holdings | 0.77% | 910.34 | +2.28% | +11.00% | +7.60% | +231.14% | 77 |
| CRM Salesforce Inc | 0.72% | 163.32 | +0.50% | -1.68% | -6.62% | -38.19% | 22 |
| WDC Western Digital Corp | 0.71% | 582.59 | +0.78% | +8.09% | +12.53% | +238.34% | 87 |
| CRWD Crowdstrike Holdings | 0.71% | 187.18 | -5.66% | -3.51% | +16.09% | +59.72% | 92 |
| APH Amphenol Corp | 0.67% | 159.06 | -1.96% | -3.36% | +3.24% | +17.93% | 65 |
| ANET Arista Networks Inc | 0.66% | 186.96 | +1.23% | +16.86% | +22.87% | +42.68% | 98 |
| GLW Corning Inc | 0.65% | 190.89 | -0.77% | -3.00% | +9.74% | +118.42% | 85 |
| APP Applovin Corp Cl A | 0.57% | 506.98 | -2.58% | -3.81% | -2.66% | -24.76% | 37 |
| SHOP Shopify Inc | 0.56% | 122.54 | -0.51% | +2.58% | +10.98% | -23.87% | 86 |
| ACN Accenture Plc | 0.47% | 135.23 | -2.75% | -0.36% | -22.04% | -48.87% | 2 |
| NOW Servicenow Inc | 0.45% | 107.71 | -1.04% | +1.31% | +0.69% | -29.69% | 51 |
| IFX INFINEON TECHNOLOGIES AG | 0.45% | 72.48 | -1.19% | -6.33% | -5.94% | +93.58% | 26 |
| ADBE Adobe Systems Inc | 0.43% | 223.64 | +0.44% | +1.78% | -5.99% | -36.10% | 24 |
| CDNS Cadence Design Sys | 0.42% | 384.17 | -0.46% | +2.96% | -1.72% | +22.90% | 43 |
| SNPS Synopsys Inc | 0.42% | 445.50 | +0.48% | +1.91% | -4.25% | -5.16% | 31 |
| INTU Intuit Inc | 0.37% | 274.96 | +0.58% | +0.30% | -6.41% | -58.29% | 23 |
| CIEN Ciena Corp | 0.36% | 460.72 | -0.35% | +9.06% | +4.87% | +97.00% | 72 |
| FTNT Fortinet Inc | 0.36% | 157.51 | -3.80% | +0.81% | +13.82% | +98.35% | 90 |
| MPWR Monolithic Power Sys | 0.33% | 1352.74 | -1.56% | +5.01% | -11.70% | +49.55% | 12 |
| NXPI Nxp Semiconductors | 0.33% | 292.26 | +0.59% | +6.91% | -1.73% | +35.34% | 42 |
| DELL Dell Technologies Inc | 0.33% | 434.97 | -3.39% | +10.31% | +13.93% | +248.13% | 91 |
| DDOG Datadog Inc Cl A | 0.31% | 257.54 | -4.26% | -1.08% | +13.28% | +89.38% | 88 |
| COHR Coherent Corp | 0.31% | 324.50 | -0.84% | -2.66% | -8.83% | +75.81% | 15 |
| LITE Lumentum Holdings | 0.30% | 802.01 | +2.07% | +10.12% | -2.40% | +117.59% | 40 |
| MSI Motorola Solutions | 0.29% | 422.88 | +1.36% | +0.05% | +2.43% | +10.61% | 62 |
| TEL Te Connectivity Ltd | 0.26% | 200.36 | +0.73% | +1.48% | -5.00% | -11.32% | 27 |
| KEYS Keysight Technologies | 0.25% | 322.05 | -0.04% | +2.61% | -2.83% | +58.50% | 36 |
| TER Teradyne Inc | 0.24% | 359.60 | -0.87% | -2.57% | -2.60% | +85.86% | 38 |
| ADSK Autodesk Inc | 0.22% | 208.45 | -0.06% | +0.47% | -6.98% | -29.58% | 20 |
| MCHP Microchip Technology | 0.21% | 88.59 | +0.37% | +4.67% | -3.15% | +39.85% | 35 |
| HPE Hewlett Packard Enterprise | 0.20% | 48.54 | -1.16% | +17.73% | +0.85% | +103.38% | 53 |
| ON On Semiconductor | 0.19% | 95.96 | -1.95% | +5.20% | -17.98% | +77.21% | 5 |
| CLS Celestica Inc | 0.18% | 359.85 | +1.43% | +7.03% | -3.23% | +21.73% | 34 |
| JBL Jabil Circuit | 0.16% | 330.29 | -0.67% | -3.23% | -8.86% | +44.93% | 14 |
| ROP Roper Industries | 0.15% | 355.90 | -0.01% | -2.03% | +6.12% | -19.68% | 73 |
| Q Qnity Electronics Inc | 0.14% | 143.80 | +0.24% | +1.45% | -0.62% | +76.32% | 47 |
| FICO Fair Isaac and Company | 0.13% | 1250.90 | -2.23% | -1.57% | +2.10% | -26.01% | 59 |
| TDY Teledyne Technologies | 0.12% | 634.60 | +0.49% | -2.68% | +2.48% | +24.25% | 63 |
| FSLR First Solar Inc | 0.12% | 227.83 | -0.29% | +1.45% | -13.11% | -12.79% | 8 |
| WDAY Workday Inc | 0.11% | 138.95 | +0.44% | +2.62% | -0.91% | -35.31% | 45 |
| VRSN Verisign Inc | 0.11% | 270.11 | +0.05% | +5.33% | -4.85% | +11.89% | 28 |
| CTSH Cognizant Tech Sol | 0.11% | 42.57 | -1.91% | +1.38% | -19.59% | -48.45% | 3 |
| NTAP Netapp Inc | 0.11% | 168.87 | -1.37% | +9.87% | +2.35% | +59.27% | 60 |
| HLMA HALMA PLC | 0.10% | 3640.00 | +0.00% | -8.94% | -7.33% | +2.88% | 19 |
| FFIV F5 Inc | 0.09% | 430.39 | +0.02% | +5.45% | +8.90% | +68.61% | 83 |
| AKAM Akamai Technologies | 0.09% | 126.19 | -2.57% | +11.50% | -8.43% | +44.63% | 16 |
| HPQ HP Inc | 0.09% | 24.22 | +0.37% | +10.44% | -1.70% | +10.47% | 44 |
| CAP Capitol Investment Corp V Cl A | 0.08% | 88.96 | -0.04% | -3.20% | -6.81% | -37.46% | 21 |
| PTC Ptc Inc | 0.08% | 124.74 | +0.77% | +0.15% | -8.93% | -28.40% | 13 |
| SMCI Super Micro Computer | 0.07% | 28.31 | +0.25% | +4.00% | -30.34% | -3.28% | 1 |
| DSY Big Tree Cloud Holdings Limited | 0.07% | 18.24 | +0.14% | -1.41% | +0.16% | -23.51% | 49 |
| LOGN Logansport Financial Corp | 0.06% | 82.62 | +1.87% | +6.77% | -4.51% | +1.32% | 30 |
| CDW CDW Corp | 0.06% | 144.39 | +2.98% | +8.26% | +8.30% | +7.18% | 80 |
| GEN Gen Digital Inc | 0.06% | 25.91 | -0.31% | -2.85% | +3.76% | -3.69% | 67 |
| TRMB Trimble Navigation | 0.06% | 52.82 | +0.21% | -0.41% | -0.25% | -32.58% | 48 |
| TYL Tyler Technologies | 0.06% | 309.48 | -0.49% | -2.71% | +0.18% | -31.83% | 50 |
| GDDY Godaddy Inc | 0.05% | 88.92 | +1.19% | +0.46% | +9.01% | -28.34% | 84 |
| ZBRA Zebra Technologies | 0.05% | 272.52 | -0.05% | +2.00% | +16.36% | +12.23% | 94 |
| SGE Strong Global Entertainment Cl A | 0.05% | 829.00 | -0.19% | -0.60% | +2.90% | -21.68% | 64 |
| IT Gartner Inc | 0.05% | 133.24 | +0.41% | -2.26% | -15.35% | -47.19% | 7 |
| SWKS Skyworks Solutions | 0.05% | 60.38 | +0.72% | -3.48% | -17.92% | -2.81% | 6 |
| NXT Nextpower Inc | 0.03% | 14640.00 | +0.72% | +0.21% | +4.20% | +9.85% | 70 |
| OTEX Open Text Corp | 0.03% | 23.01 | +0.17% | -0.13% | +3.84% | -27.77% | 69 |
| EPAM Epam Systems Inc | 0.02% | 83.89 | -3.90% | -4.96% | -12.29% | -59.05% | 9 |
| TEMN TEMENOS AG | 0.02% | 69.30 | -0.57% | -0.43% | +7.03% | -12.94% | 74 |
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.
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Dispersion is computed across the constituents we cover in our data lake (see coverage badge). Decision-support, not investment advice.