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 -5.53pp sector return − SPY
RS vs Nasdaq-100 21d -3.05pp sector return − QQQ
Broad decline - breadth is falling with price. Last 21 sessions — price -5.92% · A/D -115 (-1.34/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 | +0.96% | +0.69 | +5pp | +2.55pp | Improving |
| 1 month | -5.92% | -1.34 | +6pp | +8.05pp | Confirming ↓ |
| 1 quarter | +37.23% | +4.97 | -19pp | -3.17pp | Confirming ↑ |
Over the last 126 sessions: price up +31.70%, breadth up (+6.92/name) · % beating 43→45 · median−ETF -1.73pp→-1.88pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +2.18% | +1.02% | -1.16pp | 59 / 27 | 30 / 56 | 21 of 86 | ±2.34% |
| 5d | +0.96% | +1.79% | +0.84pp | 57 / 29 | 51 / 35 | 16 of 86 | ±6.87% |
| 21d | -5.92% | -7.80% | -1.88pp | 24 / 62 | 38 / 48 | 5 of 86 | ±12.36% |
| YTD | +32.83% | +10.40% | -22.43pp | 50 / 35 | 32 / 53 | 1 of 85 | ±96.15% |
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)
- AMD+6.61%+0.21pp
- AVGO+3.73%+0.18pp
- AAPL+1.31%+0.14pp
- ASML+3.15%+0.08pp
- QCOM+5.80%+0.06pp
- MSFT-0.96%-0.07pp
- AMAT-1.70%-0.02pp
- KLAC-0.95%-0.01pp
- SAP-1.29%-0.01pp
- GLW-1.01%-0.01pp
This month (21d)
- AMAT+18.38%+0.27pp
- PANW+27.49%+0.24pp
- INTC+8.42%+0.2pp
- ASML+5.72%+0.15pp
- KLAC+9.79%+0.1pp
- NVDA-8.83%-1.16pp
- AVGO-21.98%-1.06pp
- MSFT-9.50%-0.73pp
- ORCL-37.77%-0.53pp
- MU-8.78%-0.33pp
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+27.49%
- AMAT+18.38%
- APH+13.00%
- FTNT+10.83%
- ROP+9.81%
- SMCI-42.66%
- ORCL-37.77%
- CIEN-30.07%
- AKAM-29.70%
- ON-29.30%
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% | 195.55 | +0.37% | +1.57% | -8.83% | +4.98% | 43 |
| AAPL Apple Inc | 11.00% | 312.66 | +1.31% | +10.18% | +0.77% | +15.12% | 73 |
| MSFT Microsoft Corp | 7.64% | 386.74 | -0.96% | +3.69% | -9.50% | -19.85% | 40 |
| AVGO Broadcom Ltd | 4.83% | 373.90 | +3.73% | +2.43% | -21.98% | +8.26% | 14 |
| MU Micron Technology | 3.72% | 984.75 | +0.94% | -13.02% | -8.78% | +245.17% | 44 |
| AMD Adv Micro Devices | 3.18% | 552.05 | +6.61% | +5.84% | +1.76% | +157.77% | 76 |
| ASML ASML Holdings NY Reg ADR | 2.62% | 1825.07 | +3.15% | +1.70% | +5.72% | +71.19% | 84 |
| INTC Intel Corp | 2.41% | 122.20 | +1.54% | -4.77% | +8.42% | +231.17% | 91 |
| CSCO Cisco Systems Inc | 2.03% | 113.98 | +1.14% | +0.56% | -9.90% | +49.57% | 36 |
| LRCX Lam Research Corp | 1.64% | 350.20 | -0.34% | -7.62% | +1.96% | +104.97% | 78 |
| AMAT Applied Materials | 1.47% | 592.79 | -1.70% | -5.43% | +18.38% | +130.95% | 98 |
| ORCL Oracle Corp | 1.40% | 143.34 | +2.19% | -3.49% | -37.77% | -26.01% | 1 |
| PLTR Palantir Technologies Cl A | 1.36% | 132.54 | +2.51% | +17.36% | -6.79% | -25.43% | 52 |
| TXN Texas Instruments | 1.17% | 303.50 | +3.56% | +6.33% | -1.65% | +76.08% | 69 |
| KLAC K L A-Tencor Corp | 1.05% | 233.31 | -0.95% | -6.17% | +9.79% | — | 93 |
| IBM Intl Business Machines | 1.02% | 299.52 | +3.45% | +10.27% | -2.00% | +1.69% | 67 |
| SNDK Sandisk Corp | 0.99% | 1744.43 | -0.03% | -16.56% | -4.75% | +634.87% | 58 |
| QCOM Qualcomm Inc | 0.99% | 186.48 | +5.80% | -1.54% | -25.14% | +9.72% | 7 |
| PANW Palo Alto Networks | 0.88% | 357.53 | +2.72% | +17.53% | +27.49% | +94.10% | 99 |
| ADI Analog Devices | 0.81% | 388.83 | +3.09% | +0.50% | -11.16% | +43.82% | 31 |
| SAP SAP Ag ADR | 0.77% | 160.49 | -1.29% | +3.48% | -11.17% | -33.93% | 30 |
| STX Seagate Technology Holdings | 0.77% | 868.26 | +5.86% | -3.52% | -7.70% | +215.83% | 50 |
| CRM Salesforce Inc | 0.72% | 165.65 | -0.28% | +4.60% | -12.87% | -37.31% | 23 |
| WDC Western Digital Corp | 0.71% | 577.46 | +7.14% | -1.53% | -2.78% | +235.37% | 64 |
| CRWD Crowdstrike Holdings | 0.71% | 199.38 | +2.78% | +13.75% | +6.68% | +70.13% | 88 |
| APH Amphenol Corp | 0.67% | 166.81 | +1.35% | +1.89% | +13.00% | +23.68% | 97 |
| ANET Arista Networks Inc | 0.66% | 173.28 | +8.31% | +9.95% | -0.63% | +32.24% | 70 |
| GLW Corning Inc | 0.65% | 194.80 | -1.01% | -11.88% | -2.97% | +122.89% | 63 |
| APP Applovin Corp Cl A | 0.57% | 543.79 | +3.17% | +13.98% | -4.74% | -19.30% | 59 |
| SHOP Shopify Inc | 0.56% | 120.14 | +0.57% | +2.81% | +6.38% | -25.36% | 87 |
| ACN Accenture Plc | 0.47% | 136.96 | -0.28% | +6.19% | -22.81% | -48.22% | 10 |
| NOW Servicenow Inc | 0.45% | 107.93 | +1.51% | +9.75% | -8.46% | -29.55% | 47 |
| IFX INFINEON TECHNOLOGIES AG | 0.45% | 77.21 | -0.22% | -1.32% | -0.12% | +106.21% | 71 |
| ADBE Adobe Systems Inc | 0.43% | 218.07 | -0.75% | +7.57% | -14.90% | -37.69% | 21 |
| CDNS Cadence Design Sys | 0.42% | 375.77 | +0.70% | -0.40% | -7.90% | +20.22% | 49 |
| SNPS Synopsys Inc | 0.42% | 442.27 | +1.17% | -2.66% | -11.19% | -5.84% | 29 |
| INTU Intuit Inc | 0.37% | 272.14 | -1.17% | +1.65% | -12.62% | -58.71% | 27 |
| CIEN Ciena Corp | 0.36% | 433.83 | +2.69% | -9.52% | -30.07% | +85.50% | 2 |
| FTNT Fortinet Inc | 0.36% | 162.35 | +3.90% | +7.27% | +10.83% | +104.45% | 95 |
| MPWR Monolithic Power Sys | 0.33% | 1346.13 | +4.50% | +2.65% | -20.34% | +48.82% | 16 |
| NXPI Nxp Semiconductors | 0.33% | 280.51 | +2.62% | +1.26% | -12.85% | +29.90% | 24 |
| DELL Dell Technologies Inc | 0.33% | 411.80 | +4.43% | +3.08% | -2.20% | +229.58% | 66 |
| DDOG Datadog Inc Cl A | 0.31% | 255.37 | -1.92% | +6.51% | +2.01% | +87.79% | 79 |
| COHR Coherent Corp | 0.31% | 335.70 | +0.70% | -11.79% | -19.58% | +81.88% | 17 |
| LITE Lumentum Holdings | 0.30% | 731.25 | +0.40% | -10.49% | -22.04% | +98.39% | 13 |
| MSI Motorola Solutions | 0.29% | 422.83 | +0.04% | +4.95% | +3.54% | +10.60% | 81 |
| TEL Te Connectivity Ltd | 0.26% | 200.15 | +1.37% | +1.22% | -8.35% | -11.42% | 48 |
| KEYS Keysight Technologies | 0.25% | 319.73 | +1.87% | -2.72% | -8.77% | +57.36% | 45 |
| TER Teradyne Inc | 0.24% | 379.52 | +2.83% | -13.13% | -7.36% | +96.16% | 51 |
| ADSK Autodesk Inc | 0.22% | 207.54 | +0.03% | +5.75% | -9.61% | -29.89% | 38 |
| MCHP Microchip Technology | 0.21% | 87.59 | +3.49% | -0.39% | -9.28% | +38.27% | 41 |
| HPE Hewlett Packard Enterprise | 0.20% | 43.15 | +4.66% | -1.28% | -21.76% | +80.80% | 15 |
| ON On Semiconductor | 0.19% | 94.69 | +3.80% | +4.46% | -29.30% | +74.87% | 5 |
| CLS Celestica Inc | 0.18% | 350.20 | +4.16% | +3.75% | -23.56% | +18.47% | 8 |
| JBL Jabil Circuit | 0.16% | 338.22 | -0.90% | -5.68% | -10.77% | +48.41% | 33 |
| ROP Roper Industries | 0.15% | 364.25 | +0.01% | +7.67% | +9.81% | -17.79% | 94 |
| Q Qnity Electronics Inc | 0.14% | 146.68 | +3.48% | -7.28% | -5.37% | +79.85% | 57 |
| FICO Fair Isaac and Company | 0.13% | 1286.51 | +1.23% | +8.77% | +9.52% | -23.90% | 92 |
| TDY Teledyne Technologies | 0.12% | 654.98 | +0.44% | +4.92% | +5.98% | +28.24% | 85 |
| FSLR First Solar Inc | 0.12% | 233.06 | +3.78% | -2.51% | -26.77% | -10.78% | 6 |
| WDAY Workday Inc | 0.11% | 137.99 | +1.91% | +11.09% | -6.07% | -35.75% | 55 |
| VRSN Verisign Inc | 0.11% | 259.13 | +1.05% | +1.37% | -12.77% | +7.34% | 26 |
| CTSH Cognizant Tech Sol | 0.11% | 41.37 | -1.48% | +3.35% | -22.69% | -49.90% | 12 |
| NTAP Netapp Inc | 0.11% | 163.55 | +6.08% | +7.28% | -9.68% | +54.25% | 37 |
| HLMA HALMA PLC | 0.10% | 3906.00 | -2.69% | +0.88% | -16.25% | +10.40% | 20 |
| FFIV F5 Inc | 0.09% | 419.03 | +2.67% | +6.21% | +3.30% | +64.16% | 80 |
| AKAM Akamai Technologies | 0.09% | 112.73 | -0.39% | -0.49% | -29.70% | +29.20% | 3 |
| HPQ HP Inc | 0.09% | 22.60 | +3.06% | -1.22% | -12.15% | +3.08% | 28 |
| CAP Capitol Investment Corp V Cl A | 0.08% | 92.80 | +0.98% | +2.50% | -8.84% | -34.76% | 42 |
| PTC Ptc Inc | 0.08% | 124.98 | +0.35% | +8.00% | -10.55% | -28.26% | 35 |
| SMCI Super Micro Computer | 0.07% | 27.19 | -0.11% | -11.23% | -42.66% | -7.11% | 0 |
| DSY Big Tree Cloud Holdings Limited | 0.07% | 18.43 | -0.38% | +1.91% | -6.54% | -22.71% | 53 |
| LOGN Logansport Financial Corp | 0.06% | 78.10 | +0.93% | -1.86% | -14.63% | -4.22% | 22 |
| CDW CDW Corp | 0.06% | 134.19 | +0.61% | +0.67% | -2.27% | -0.39% | 65 |
| GEN Gen Digital Inc | 0.06% | 26.60 | -0.26% | +8.79% | +0.38% | -1.12% | 72 |
| TRMB Trimble Navigation | 0.06% | 52.47 | -1.07% | +3.49% | -5.49% | -33.03% | 56 |
| TYL Tyler Technologies | 0.06% | 319.01 | +0.29% | +8.36% | +5.02% | -29.73% | 83 |
| GDDY Godaddy Inc | 0.05% | 85.61 | -3.28% | +1.25% | +1.94% | -31.00% | 77 |
| ZBRA Zebra Technologies | 0.05% | 270.29 | +1.16% | +7.46% | +8.42% | +11.31% | 90 |
| SGE Strong Global Entertainment Cl A | 0.05% | 837.00 | +0.36% | +1.43% | -3.79% | -20.93% | 60 |
| IT Gartner Inc | 0.05% | 135.11 | -0.89% | +0.11% | -17.99% | -46.44% | 19 |
| SWKS Skyworks Solutions | 0.05% | 61.91 | -1.04% | -8.96% | -23.25% | -0.34% | 9 |
| NXT Nextpower Inc | 0.03% | 14440.00 | -1.16% | +0.24% | +5.98% | +8.35% | 86 |
| OTEX Open Text Corp | 0.03% | 22.57 | -2.04% | +2.17% | -3.61% | -29.15% | 62 |
| EPAM Epam Systems Inc | 0.02% | 86.85 | -1.61% | +7.65% | -10.72% | -57.61% | 34 |
| TEMN TEMENOS AG | 0.02% | 70.55 | +1.36% | +6.65% | +0.79% | -11.37% | 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.