Constituent dispersion · breadth vs the index
IXP — Global Communications
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 | -1.11% | +0.41 | +15pp | +1.69pp | Improving |
| 1 month | -3.14% | -2.03 | -1pp | -0.52pp | Confirming ↓ |
| 1 quarter | -0.94% | -0.92 | -14pp | -1.25pp | Weakening |
Over the last 126 sessions: price down -4.83%, breadth down (-4.27/name) · % beating 51→30 · median−ETF +0.35pp→-3.76pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -1.53% | -0.16% | +1.37pp | 14 / 21 | 29 / 8 | 9 of 37 | ±1.46% |
| 5d | -1.11% | -1.07% | +0.04pp | 13 / 24 | 20 / 17 | 14 of 37 | ±3.52% |
| 21d | -3.14% | -6.91% | -3.76pp | 8 / 29 | 12 / 25 | 4 of 37 | ±8.33% |
| YTD | -3.13% | -6.08% | -2.94pp | 14 / 23 | 15 / 22 | 0 of 37 | ±18.97% |
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+2.04%+0.09pp
- TMUS+2.64%+0.06pp
- T+0.88%+0.04pp
- CMCSA+0.81%+0.02pp
- DIS+0.38%+0.02pp
- META-3.27%-0.48pp
- GOOGL-1.74%-0.23pp
- GOOG-1.68%-0.18pp
- ORA-3.12%-0.03pp
- SATS-4.14%-0.02pp
This month (21d)
- META+10.13%+1.49pp
- WBD+9.56%+0.17pp
- DIS+2.41%+0.11pp
- GOOGL+0.77%+0.1pp
- GOOG+0.65%+0.07pp
- VZ-13.66%-0.58pp
- T-13.74%-0.57pp
- NFLX-9.41%-0.39pp
- CMCSA-13.80%-0.33pp
- TMUS-12.57%-0.3pp
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)
- META+10.13%
- WBD+9.56%
- TEL+4.38%
- UMG.AS+3.71%
- DIS+2.41%
- SATS-26.16%
- CHTR-25.54%
- TTD-18.80%
- BCE-14.10%
- CMCSA-13.80%
IXP — constituent leadership race
$100 in each covered IXP constituent at 2025-12-30, rebased to 100. Watch leadership change hands.
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 — 37 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| META META Platforms Inc | 14.74% | 737.54 | -3.27% | +2.25% | +10.13% | +11.83% | 97 |
| GOOGL Alphabet Cl A | 13.27% | 347.64 | -1.74% | -0.82% | +0.77% | +11.15% | 81 |
| GOOG Alphabet Cl C | 10.54% | 343.65 | -1.68% | -1.07% | +0.65% | +9.59% | 78 |
| DIS Walt Disney Company | 4.53% | 108.99 | +0.38% | +4.05% | +2.41% | -4.20% | 86 |
| VZ Verizon Communications | 4.21% | 44.42 | +2.04% | -1.44% | -13.66% | +12.62% | 19 |
| NFLX Netflix Inc | 4.18% | 70.57 | +0.16% | +1.25% | -9.41% | -24.73% | 35 |
| T AT&T Inc | 4.12% | 23.05 | +0.88% | -4.74% | -13.74% | -5.14% | 14 |
| DTE Dte Energy Company | 3.06% | 128.31 | -0.02% | +0.84% | -0.70% | +0.26% | 76 |
| TMUS T-Mobile US | 2.38% | 157.79 | +2.64% | -5.88% | -12.57% | -21.91% | 24 |
| CMCSA Comcast Corp A | 2.37% | 21.05 | +0.81% | +0.53% | -13.80% | -23.09% | 11 |
| WBD Discovery Inc Series A | 1.77% | 30.95 | +0.00% | +0.32% | +9.56% | +7.39% | 95 |
| EA Electronic Arts Inc | 1.20% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 84 |
| TTWO Take-Two Interactive | 1.09% | 201.23 | +0.45% | -1.36% | -5.04% | -21.40% | 54 |
| ORA Ormat Technologies | 1.03% | 88.19 | -3.12% | -1.98% | -3.30% | -19.92% | 65 |
| VOD Vodafone Grp Plc ADR | 0.78% | 15.51 | -0.32% | -7.62% | -12.27% | +19.60% | 27 |
| LYV Live Nation Entertainment | 0.69% | 168.84 | -1.45% | -1.17% | -0.82% | +18.48% | 70 |
| UMG.AS UNIVERSAL MUSIC GROUP NV | 0.65% | 15.23 | -0.85% | +6.10% | +3.71% | -30.56% | 89 |
| OMC Omnicom Group Inc | 0.61% | 78.41 | -0.10% | +4.73% | -0.79% | -1.93% | 73 |
| BCE BCE Inc | 0.60% | 19.67 | +0.98% | -0.46% | -14.10% | -15.27% | 8 |
| SCMN.SW SWISSCOM AG | 0.58% | 639.50 | +1.35% | -0.85% | -4.98% | +15.44% | 57 |
| KPN.AS KONINKLIJKE KPN NV | 0.54% | 3.91 | +0.44% | -1.09% | -6.07% | +0.73% | 51 |
| T AT&T Inc | 0.51% | 23.05 | +0.88% | -4.74% | -13.74% | -5.14% | 14 |
| CLNX.MC CELLNEX TELECOM | 0.51% | 24.47 | -0.16% | +7.09% | -3.66% | -9.56% | 62 |
| TEF.MC Telefonica S.A. ADR | 0.49% | 3.22 | -0.86% | -5.90% | -12.58% | -7.70% | 22 |
| SATS Echostar Corp | 0.46% | 92.03 | -4.14% | -8.74% | -26.16% | -15.34% | 0 |
| CHTR Charter Communications | 0.34% | 105.14 | -1.69% | -1.70% | -25.54% | -49.63% | 3 |
| FOXA Fox Corp Cl A | 0.34% | 62.21 | -0.46% | -0.78% | -7.93% | -14.44% | 41 |
| TKO Tko Group Holdings Cl A | 0.33% | 172.38 | -0.85% | -3.50% | -9.34% | -17.19% | 38 |
| TELIA.ST TELIA COMPANY | 0.33% | 43.80 | +0.53% | -2.01% | -6.91% | +13.72% | 49 |
| TEL Te Connectivity Ltd | 0.28% | 210.25 | -2.63% | -2.59% | +4.38% | -6.94% | 92 |
| NWSA News Corp Cl A | 0.26% | 29.56 | -0.24% | +3.32% | -2.89% | +13.64% | 68 |
| TTD Trade Desk Inc | 0.25% | 12.18 | +0.08% | +0.74% | -18.80% | -67.91% | 5 |
| FOX Fox Corp Cl B | 0.21% | 55.68 | -0.45% | -0.54% | -7.72% | -13.79% | 46 |
| ELISA.HE ELISA | 0.18% | 34.94 | +1.04% | -1.30% | -7.91% | -6.08% | 43 |
| CAR Avis Budget Group | 0.18% | 106.72 | -0.82% | -3.18% | -9.96% | -16.83% | 32 |
| NWS News Corp Cl B | 0.10% | 32.45 | -0.40% | +2.95% | -3.94% | +9.92% | 59 |
| PSKY Paramount Skydance Corp Cl B | 0.08% | 9.53 | -2.51% | -4.60% | -12.25% | -28.51% | 30 |
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.
FAQ · from the current data
IXP dispersion — data Q&A
Is IXP's move broad or carried by a few names (21 sessions)?
As of 2026-10-14: over 21 sessions the fund returned -3.14% while its median constituent returned -6.91% — a dispersion of 8.33 pp; 32% of 37 members beat the fund. Broad decline - breadth is falling with price.
How did IXP's members trade in the last session?
As of 2026-10-14: fund -1.53%, median member -0.16%, 14 advancers vs 21 decliners.
What does the dispersion page for IXP measure?
It splits the fund into its members: the fund's own return against the median constituent, how many members beat the fund, advancers vs decliners, and a cumulative advance/decline line that tends to lead price. A firm fund price with a weak median and a falling A/D line is a narrow, top-heavy tape; a broad move shows the median keeping up. 37 constituents covered, re-baked nightly from the Closelooknet lake.
Is this investment advice?
No — a data surface in an investment research diary. It describes breadth inside a fund; it makes no recommendation.