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 -5.06pp sector return − SPY
RS vs Nasdaq-100 21d -0.57pp sector return − QQQ
Broad decline - breadth is falling with price. Last 21 sessions — price -4.28% · A/D -30 (-0.34/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 | +0.24% | -0.52 | +3pp | +3.63pp | Weakening |
| 1 month | -4.28% | -0.34 | +27pp | +10.81pp | Confirming ↓ |
| 1 quarter | +13.31% | +0.49 | +18pp | +10.00pp | Confirming ↑ |
Over the last 126 sessions: price up +23.98%, breadth up (+5.87/name) · % beating 34→56 · median−ETF -5.61pp→+4.71pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -1.69% | -0.08% | +1.61pp | 42 / 45 | 54 / 33 | 14 of 87 | ±4.42% |
| 5d | +0.24% | +0.22% | -0.02pp | 44 / 43 | 43 / 44 | 17 of 87 | ±5.24% |
| 21d | -4.28% | +0.43% | +4.71pp | 44 / 43 | 49 / 38 | 3 of 87 | ±12.74% |
| YTD | +26.61% | +10.76% | -15.85pp | 51 / 35 | 35 / 51 | 0 of 86 | ±82.45% |
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)
- AAPL+3.53%+0.39pp
- SAP+9.30%+0.07pp
- IBM+3.65%+0.04pp
- NOW+7.44%+0.03pp
- CRM+4.29%+0.03pp
- MU-6.99%-0.26pp
- INTC-7.89%-0.19pp
- AVGO-2.69%-0.13pp
- NVDA-0.92%-0.12pp
- SNDK-10.79%-0.11pp
This month (21d)
- AAPL+13.63%+1.5pp
- NVDA+3.94%+0.52pp
- MSFT+4.44%+0.34pp
- PANW+13.51%+0.12pp
- PLTR+8.30%+0.11pp
- INTC-29.87%-0.72pp
- MU-12.17%-0.45pp
- ORCL-27.00%-0.38pp
- LRCX-18.57%-0.3pp
- SNDK-24.96%-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)
- EPAM+14.62%
- WDAY+14.61%
- GDDY+14.55%
- ADBE+14.52%
- ACN+13.81%
- NOKIA-32.56%
- INTC-29.87%
- GLW-28.75%
- COHR-28.05%
- ORCL-27.00%
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 — 87 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| NVDA Nvidia Corp | 13.10% | 206.84 | -0.92% | +1.99% | +3.94% | +11.04% | 59 |
| AAPL Apple Inc | 11.00% | 333.02 | +3.53% | -0.22% | +13.63% | +22.61% | 93 |
| MSFT Microsoft Corp | 7.64% | 381.70 | +0.03% | -3.08% | +4.44% | -20.89% | 61 |
| AVGO Broadcom Ltd | 4.83% | 381.92 | -2.69% | +2.99% | -0.04% | +10.58% | 48 |
| MU Micron Technology | 3.72% | 920.95 | -6.99% | +8.48% | -12.17% | +222.81% | 29 |
| AMD Adv Micro Devices | 3.18% | 521.95 | -3.29% | +5.28% | +0.43% | +143.72% | 49 |
| ASML ASML Holdings NY Reg ADR | 2.62% | 1757.09 | -2.55% | +0.54% | -0.32% | +64.81% | 47 |
| INTC Intel Corp | 2.41% | 92.32 | -7.89% | -2.86% | -29.87% | +150.19% | 1 |
| CSCO Cisco Systems Inc | 2.03% | 114.17 | +1.25% | +1.99% | -4.64% | +49.82% | 41 |
| LRCX Lam Research Corp | 1.64% | 305.21 | -4.56% | -2.58% | -18.57% | +78.64% | 11 |
| AMAT Applied Materials | 1.47% | 536.25 | -4.72% | +1.24% | -8.95% | +108.93% | 33 |
| ORCL Oracle Corp | 1.40% | 114.99 | -4.21% | -9.03% | -27.00% | -40.64% | 5 |
| PLTR Palantir Technologies Cl A | 1.36% | 122.92 | -0.36% | -7.15% | +8.30% | -30.85% | 78 |
| TXN Texas Instruments | 1.17% | 279.58 | -1.90% | -1.56% | -7.76% | +62.20% | 37 |
| KLAC K L A-Tencor Corp | 1.05% | 210.52 | -3.75% | -1.05% | -12.46% | — | 26 |
| IBM Intl Business Machines | 1.02% | 214.19 | +3.65% | +0.71% | -18.55% | -27.28% | 13 |
| SNDK Sandisk Corp | 0.99% | 1436.56 | -10.79% | +6.03% | -24.96% | +505.17% | 7 |
| QCOM Qualcomm Inc | 0.99% | 166.97 | -2.42% | -2.80% | -15.42% | -1.76% | 22 |
| PANW Palo Alto Networks | 0.88% | 323.79 | -0.57% | -9.73% | +13.51% | +75.78% | 92 |
| ADI Analog Devices | 0.81% | 371.86 | -2.19% | -0.93% | -10.00% | +37.55% | 30 |
| SAP SAP Ag ADR | 0.77% | 160.00 | +9.30% | +0.60% | +4.75% | -34.13% | 62 |
| STX Seagate Technology Holdings | 0.77% | 851.69 | -6.75% | +8.13% | -14.25% | +209.81% | 25 |
| CRM Salesforce Inc | 0.72% | 163.66 | +4.29% | -4.16% | +7.14% | -38.07% | 72 |
| WDC Western Digital Corp | 0.71% | 519.80 | -6.90% | +8.92% | -19.26% | +201.88% | 10 |
| CRWD Crowdstrike Holdings | 0.71% | 183.28 | -0.08% | -9.75% | +8.93% | +56.40% | 82 |
| APH Amphenol Corp | 0.67% | 152.67 | -3.02% | +0.97% | -6.21% | +13.20% | 40 |
| ANET Arista Networks Inc | 0.66% | 173.99 | -1.48% | +3.19% | +7.57% | +32.79% | 74 |
| GLW Corning Inc | 0.65% | 146.65 | -6.03% | -5.15% | -28.75% | +67.80% | 2 |
| APP Applovin Corp Cl A | 0.57% | 391.98 | -1.72% | -7.67% | -15.70% | -41.83% | 18 |
| SHOP Shopify Inc | 0.56% | 113.75 | +1.56% | -7.94% | -0.37% | -29.33% | 46 |
| ACN Accenture Plc | 0.47% | 146.99 | +5.95% | +2.38% | +13.81% | -44.43% | 94 |
| NOW Servicenow Inc | 0.45% | 98.78 | +7.44% | -4.32% | +5.31% | -35.52% | 68 |
| IFX INFINEON TECHNOLOGIES AG | 0.45% | 64.41 | -1.65% | +1.18% | -21.46% | +72.03% | 8 |
| ADBE Adobe Systems Inc | 0.43% | 225.11 | +6.10% | -5.12% | +14.52% | -35.68% | 95 |
| CDNS Cadence Design Sys | 0.42% | 326.24 | -1.28% | -1.17% | -12.40% | +4.37% | 28 |
| SNPS Synopsys Inc | 0.42% | 373.47 | -0.01% | -2.81% | -19.50% | -20.49% | 9 |
| INTU Intuit Inc | 0.37% | 296.33 | +5.26% | +1.80% | +13.00% | -55.04% | 90 |
| CIEN Ciena Corp | 0.36% | 390.96 | -4.07% | +4.42% | -15.65% | +67.17% | 21 |
| FTNT Fortinet Inc | 0.36% | 152.37 | +0.55% | -5.72% | +4.88% | +91.88% | 63 |
| MPWR Monolithic Power Sys | 0.33% | 1333.81 | -4.53% | +1.66% | -6.91% | +47.46% | 39 |
| NOKIA NOKIA | 0.33% | 90.88 | -6.06% | -7.02% | -32.56% | +52.28% | 0 |
| NXPI Nxp Semiconductors | 0.33% | 269.24 | -2.90% | +1.02% | -8.44% | +24.68% | 34 |
| DELL Dell Technologies Inc | 0.33% | 437.50 | -0.42% | +10.57% | +0.79% | +250.15% | 51 |
| DDOG Datadog Inc Cl A | 0.31% | 246.86 | +1.01% | -4.57% | +10.87% | +81.53% | 87 |
| COHR Coherent Corp | 0.31% | 282.39 | -9.84% | +1.73% | -28.05% | +53.00% | 3 |
| LITE Lumentum Holdings | 0.30% | 762.99 | -8.47% | +4.12% | -9.44% | +107.00% | 31 |
| MSI Motorola Solutions | 0.29% | 417.83 | +2.66% | +1.09% | +4.30% | +9.29% | 60 |
| TEL Te Connectivity Ltd | 0.26% | 202.94 | +2.09% | -0.18% | +2.21% | -10.18% | 55 |
| KEYS Keysight Technologies | 0.25% | 318.67 | -1.99% | +0.88% | -9.29% | +56.83% | 32 |
| TER Teradyne Inc | 0.24% | 349.92 | -6.38% | +8.55% | -18.09% | +80.86% | 15 |
| ADSK Autodesk Inc | 0.22% | 209.75 | +2.19% | -3.94% | +8.90% | -29.14% | 80 |
| MCHP Microchip Technology | 0.21% | 78.86 | -3.06% | -2.59% | -14.73% | +24.49% | 24 |
| HPE Hewlett Packard Enterprise | 0.20% | 47.69 | +0.10% | +4.08% | -2.17% | +99.82% | 45 |
| ON On Semiconductor | 0.19% | 86.81 | -3.68% | -0.64% | -25.00% | +60.31% | 6 |
| CLS Celestica Inc | 0.18% | 305.28 | -8.80% | +1.31% | -15.72% | +3.27% | 17 |
| JBL Jabil Circuit | 0.16% | 312.59 | -2.93% | +3.85% | -15.93% | +37.16% | 16 |
| ROP Roper Industries | 0.15% | 367.34 | +3.44% | +1.16% | +10.78% | -17.10% | 86 |
| Q Qnity Electronics Inc | 0.14% | 135.06 | -2.60% | -0.95% | -14.91% | +65.60% | 23 |
| FICO Fair Isaac and Company | 0.13% | 1237.37 | +2.59% | -1.57% | +8.51% | -26.81% | 79 |
| TDY Teledyne Technologies | 0.12% | 655.35 | +0.63% | +3.12% | +7.05% | +28.32% | 71 |
| FSLR First Solar Inc | 0.12% | 202.82 | -1.51% | -4.33% | -18.34% | -22.36% | 14 |
| WDAY Workday Inc | 0.11% | 135.34 | +5.84% | -6.52% | +14.61% | -36.99% | 98 |
| VRSN Verisign Inc | 0.11% | 280.00 | +7.04% | +0.84% | +11.08% | +15.99% | 89 |
| CTSH Cognizant Tech Sol | 0.11% | 45.45 | +5.67% | +1.52% | +9.68% | -44.96% | 83 |
| NTAP Netapp Inc | 0.11% | 167.74 | +1.88% | +2.36% | +7.83% | +58.21% | 77 |
| HLMA HALMA PLC | 0.10% | 3614.00 | -0.99% | -1.69% | -8.13% | +2.15% | 36 |
| FFIV F5 Inc | 0.09% | 392.21 | +1.06% | -4.13% | +1.93% | +53.65% | 54 |
| AKAM Akamai Technologies | 0.09% | 115.37 | -1.70% | -4.01% | -3.44% | +32.23% | 44 |
| HPQ HP Inc | 0.09% | 25.75 | +5.06% | +3.66% | +10.56% | +17.45% | 85 |
| CAP Capitol Investment Corp V Cl A | 0.08% | 89.88 | +4.44% | -1.58% | +1.56% | -36.82% | 52 |
| PTC Ptc Inc | 0.08% | 118.52 | +4.84% | -4.70% | +4.95% | -31.97% | 67 |
| SMCI Super Micro Computer | 0.07% | 30.10 | -3.53% | +24.48% | -7.24% | +2.84% | 38 |
| DSY Big Tree Cloud Holdings Limited | 0.07% | 19.88 | +7.90% | +11.15% | +13.02% | -16.61% | 91 |
| LOGN Logansport Financial Corp | 0.06% | 85.96 | +1.92% | +3.52% | +4.93% | +5.42% | 66 |
| CDW CDW Corp | 0.06% | 133.82 | +2.80% | +0.44% | +2.76% | -0.67% | 56 |
| GEN Gen Digital Inc | 0.06% | 25.84 | +3.07% | -3.37% | +9.68% | -3.95% | 84 |
| TRMB Trimble Navigation | 0.06% | 52.91 | +5.08% | +0.36% | +5.52% | -32.47% | 70 |
| TYL Tyler Technologies | 0.06% | 297.15 | +3.12% | -7.00% | +3.89% | -34.54% | 57 |
| GDDY Godaddy Inc | 0.05% | 93.16 | +6.32% | -1.26% | +14.55% | -24.92% | 97 |
| ZBRA Zebra Technologies | 0.05% | 259.92 | +1.16% | -2.80% | +4.90% | +7.04% | 64 |
| SGE Strong Global Entertainment Cl A | 0.05% | 858.20 | +4.45% | +1.49% | +7.79% | -18.92% | 76 |
| IT Gartner Inc | 0.05% | 140.50 | +5.09% | +0.22% | +7.69% | -44.31% | 75 |
| SWKS Skyworks Solutions | 0.05% | 60.21 | -0.43% | +1.45% | -15.67% | -3.08% | 20 |
| NXT Nextpower Inc | 0.03% | 14785.00 | +0.78% | -0.61% | +1.73% | +10.94% | 53 |
| OTEX Open Text Corp | 0.03% | 22.37 | +3.95% | -3.87% | +5.52% | -29.78% | 69 |
| EPAM Epam Systems Inc | 0.02% | 89.85 | +4.31% | +1.34% | +14.62% | -56.15% | 99 |
| TEMN TEMENOS AG | 0.02% | 61.80 | +0.82% | -9.58% | -4.56% | -22.36% | 43 |
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.