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Constituent dispersion · breadth vs the index

IXP — Global Communications

36/64 covered · 77% by weight · benchmark: IXP price · closes through 2026-07-24 ·holdings as of 2026-06-16

Concentration 59.63% in top 5 10.3 effective names · HHI 971
RS vs S&P 500 21d -1.90pp sector return − SPY
RS vs Nasdaq-100 21d +2.59pp sector return − QQQ
Broad decline - breadth is falling with price. Last 21 sessions — price -1.12% · A/D -24 (-0.67/name)
IXP 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.

HorizonPriceA/D /name% beating ΔMedian−ETF ΔRead
1 week -3.91% -1.08 -1pp -0.52pp Confirming ↓
1 month -1.12% -0.67 -9pp -3.07pp Confirming ↓
1 quarter -8.53% -4.53 +5pp +0.24pp Confirming ↓

Over the last 126 sessions: price down -7.99%, breadth down (-1/name) · % beating 36→49 · median−ETF -1.72pp→-0.63pp.

Dispersion by window

WindowETFMedianMedian − ETF Up / DownBeat / Lag±1% bandDispersion
1d +0.46% +0.54% +0.08pp 24 / 11 19 / 17 15 of 36 ±2.26%
5d -3.91% -2.52% +1.40pp 8 / 28 21 / 15 4 of 36 ±4.71%
21d -1.12% -1.92% -0.80pp 14 / 22 17 / 19 5 of 36 ±7.83%
YTD -7.61% -2.41% +5.21pp 15 / 21 20 / 16 1 of 36 ±18.16%

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)

  • VZ+5.84%+0.25pp
  • T+5.10%+0.21pp
  • TMUS+5.67%+0.14pp
  • DIS+2.18%+0.1pp
  • GOOGL+0.65%+0.09pp
  • META-1.80%-0.27pp
  • SATS-4.14%-0.02pp
  • WBD-0.69%-0.01pp
  • VOD-1.33%-0.01pp
  • CHTR-2.52%-0.01pp

This month (21d)

  • META+6.73%+0.99pp
  • T+7.87%+0.32pp
  • VOD+9.19%+0.07pp
  • VZ+1.53%+0.06pp
  • OMC+8.15%+0.05pp
  • GOOGL-7.40%-0.98pp
  • GOOG-7.52%-0.79pp
  • DIS-5.48%-0.25pp
  • SATS-26.16%-0.12pp
  • NFLX-2.44%-0.1pp

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)

  • FOXA+11.06%
  • VOD+9.19%
  • FOX+8.90%
  • OMC+8.15%
  • T+7.87%
  • SATS-26.16%
  • PSKY-15.79%
  • TKO-11.25%
  • CAR-9.02%
  • CLNX.MC-8.40%

IXP — constituent leadership race

$100 in each covered IXP constituent at 2025-12-30, rebased to 100. Watch leadership change hands.

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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 — 36 covered · click a column to sort

Symbol Weight Last 1d 5d 21d YTD RS rank
META META Platforms Inc 14.74% 595.19 -1.80% -7.87% +6.73% -9.75% 81
GOOGL Alphabet Cl A 13.27% 319.74 +0.65% -7.79% -7.40% +2.23% 19
GOOG Alphabet Cl C 10.54% 319.09 +0.24% -7.81% -7.52% +1.76% 17
DIS Walt Disney Company 4.53% 94.85 +2.18% -2.89% -5.48% -16.63% 31
VZ Verizon Communications 4.21% 46.38 +5.84% +6.40% +1.53% +17.59% 64
NFLX Netflix Inc 4.18% 70.09 +1.74% +1.65% -2.44% -25.25% 42
T AT&T Inc 4.12% 24.13 +5.10% +10.64% +7.87% -0.69% 83
DTE Dte Energy Company 3.06% 149.46 +0.90% +0.86% -1.09% +16.79% 53
TMUS T-Mobile US 2.38% 180.09 +5.67% -6.41% -0.39% -10.88% 56
CMCSA Comcast Corp A 2.37% 22.30 +1.71% -6.28% -0.18% -18.54% 58
WBD Discovery Inc Series A 1.77% 25.77 -0.69% -4.09% -5.26% -10.58% 33
EA Electronic Arts Inc 1.20% 209.06 +0.03% +0.08% +2.22% +2.41% 69
TTWO Take-Two Interactive 1.09% 231.65 +0.61% -2.13% -1.75% -9.52% 50
ORA Ormat Technologies 1.03% 16.16 -0.77% -1.85% -4.97% +13.80% 36
VOD Vodafone Grp Plc ADR 0.78% 114.60 -1.33% -2.72% +9.19% +18.03% 94
LYV Live Nation Entertainment 0.69% 177.24 +0.67% -1.65% +3.37% +24.38% 72
UMG.AS UNIVERSAL MUSIC GROUP NV 0.65% 18.48 +2.01% +1.04% +1.40% -15.74% 61
OMC Omnicom Group Inc 0.61% 79.66 +2.26% -2.53% +8.15% -0.37% 89
SCMN.SW SWISSCOM AG 0.58% 622.50 -0.40% -1.81% -2.58% +12.37% 39
KPN.AS KONINKLIJKE KPN NV 0.54% 4.10 -0.92% -4.06% -6.24% +5.54% 25
T AT&T Inc 0.51% 24.13 +5.10% +10.64% +7.87% -0.69% 83
CLNX.MC CELLNEX TELECOM 0.51% 25.94 -0.23% +4.64% -8.40% -4.12% 11
TEF.MC Telefonica S.A. ADR 0.49% 3.60 +0.14% -0.55% -2.10% +3.01% 47
SATS Echostar Corp 0.46% 92.03 -4.14% -8.74% -26.16% -15.34% 0
CHTR Charter Communications 0.34% 123.31 -2.52% -6.14% -6.17% -40.93% 28
FOXA Fox Corp Cl A 0.34% 55.31 +0.40% -4.01% +11.06% -23.93% 97
TKO Tko Group Holdings Cl A 0.33% 180.62 +0.66% -2.44% -11.25% -13.23% 6
TELIA.ST TELIA COMPANY 0.33% 44.58 -0.31% -2.50% -7.89% +15.74% 14
TEL Te Connectivity Ltd 0.28% 202.94 +2.09% -0.18% +2.21% -10.18% 67
NWSA News Corp Cl A 0.26% 26.76 +1.63% -5.87% +6.06% +2.88% 78
TTD Trade Desk Inc 0.25% 17.29 +2.98% -6.99% -2.32% -54.45% 44
FOX Fox Corp Cl B 0.21% 49.41 +0.47% -4.30% +8.90% -23.49% 92
ELISA.HE ELISA 0.18% 34.40 +0.00% -2.33% -7.33% -7.53% 22
CAR Avis Budget Group 0.18% 159.48 +0.28% -0.68% -9.02% +24.28% 8
NWS News Corp Cl B 0.10% 30.19 +1.48% -6.88% +5.82% +2.27% 75
PSKY Paramount Skydance Corp Cl B 0.08% 8.21 -3.30% -6.17% -15.79% -38.41% 3

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.