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 | -2.14% | +1.08 | +3pp | +5.07pp | Improving |
| 1 month | -9.68% | +1.37 | +63pp | +20.04pp | Improving |
| 1 quarter | -8.74% | +0.24 | +36pp | +13.66pp | Improving |
Over the last 126 sessions: price down -14.31%, breadth down (-2.08/name) · % beating 17→85 · median−ETF -7.16pp→+13.29pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.67% | +0.05% | -0.62pp | 20 / 16 | 13 / 25 | 19 of 38 | ±2.02% |
| 5d | -2.14% | +2.24% | +4.38pp | 29 / 9 | 33 / 5 | 5 of 38 | ±4.63% |
| 21d | -9.68% | +2.76% | +12.44pp | 25 / 13 | 31 / 7 | 0 of 38 | ±9.76% |
| YTD | -11.40% | -7.69% | +3.71pp | 14 / 24 | 24 / 14 | 5 of 38 | ±19.87% |
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)
- META+2.36%+0.35pp
- NFLX+1.73%+0.07pp
- GOOGL+0.37%+0.05pp
- DIS+0.95%+0.04pp
- ORA+2.53%+0.03pp
- TMUS-3.58%-0.09pp
- DTE-1.17%-0.04pp
- CMCSA-0.84%-0.02pp
- T-0.23%-0.01pp
- UMG.AS-1.11%-0.01pp
This month (21d)
- DIS+10.20%+0.46pp
- CMCSA+11.44%+0.27pp
- DTE+7.37%+0.23pp
- WBD+9.56%+0.17pp
- UMG.AS+19.45%+0.13pp
- GOOGL-19.18%-2.54pp
- META-16.29%-2.4pp
- GOOG-19.07%-2.01pp
- T-10.76%-0.44pp
- NFLX-6.04%-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)
- UMG.AS+19.45%
- CLNX.MC+15.42%
- WPP+13.89%
- CMCSA+11.44%
- TELIA.ST+11.31%
- GOOGL-19.18%
- GOOG-19.07%
- META-16.29%
- SATS-12.73%
- PSKY-12.25%
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 — 38 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| META META Platforms Inc | 14.74% | 621.03 | +2.36% | +0.14% | -16.29% | -5.84% | 5 |
| GOOGL Alphabet Cl A | 13.27% | 280.03 | +0.37% | -12.65% | -19.18% | -10.47% | 0 |
| GOOG Alphabet Cl C | 10.54% | 278.27 | +0.08% | -12.17% | -19.07% | -11.26% | 3 |
| DIS Walt Disney Company | 4.53% | 114.18 | +0.95% | +3.58% | +10.20% | +0.36% | 82 |
| VZ Verizon Communications | 4.21% | 45.24 | +0.42% | +2.98% | +0.20% | +14.70% | 37 |
| NFLX Netflix Inc | 4.18% | 63.42 | +1.73% | +1.44% | -6.04% | -32.36% | 26 |
| T AT&T Inc | 4.12% | 21.39 | -0.23% | +2.15% | -10.76% | -11.97% | 13 |
| DTE Dte Energy Company | 3.06% | 134.26 | -1.17% | +1.20% | +7.37% | +4.91% | 71 |
| TMUS T-Mobile US | 2.38% | 154.41 | -3.58% | +5.16% | -6.21% | -23.59% | 24 |
| CMCSA Comcast Corp A | 2.37% | 23.67 | -0.84% | +8.38% | +11.44% | -13.52% | 89 |
| WBD Discovery Inc Series A | 1.77% | 30.95 | +0.00% | +0.32% | +9.56% | +7.39% | 79 |
| EA Electronic Arts Inc | 1.20% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 47 |
| TTWO Take-Two Interactive | 1.09% | 194.99 | +1.50% | -3.12% | -4.16% | -23.84% | 29 |
| ORA Ormat Technologies | 1.03% | 94.19 | +2.53% | +2.35% | +3.18% | -14.47% | 50 |
| VOD Vodafone Grp Plc ADR | 0.78% | 15.62 | -0.19% | -0.83% | -6.97% | +20.45% | 21 |
| LYV Live Nation Entertainment | 0.69% | 178.87 | +0.97% | +4.01% | +4.80% | +25.52% | 55 |
| UMG.AS UNIVERSAL MUSIC GROUP NV | 0.65% | 16.92 | -1.11% | +2.86% | +19.45% | -22.85% | 97 |
| OMC Omnicom Group Inc | 0.61% | 83.17 | -0.98% | +5.64% | +10.52% | +4.02% | 84 |
| BCE BCE Inc | 0.60% | 20.54 | -0.63% | +2.24% | +4.05% | -11.52% | 53 |
| SCMN.SW SWISSCOM AG | 0.58% | 700.50 | +0.07% | +1.89% | +9.28% | +26.45% | 76 |
| KPN.AS KONINKLIJKE KPN NV | 0.54% | 4.32 | +0.02% | +5.75% | +8.76% | +11.20% | 74 |
| T AT&T Inc | 0.51% | 21.39 | -0.23% | +2.15% | -10.76% | -11.97% | 13 |
| CLNX.MC CELLNEX TELECOM | 0.51% | 26.12 | -0.50% | +2.23% | +15.42% | -3.46% | 95 |
| TEF.MC Telefonica S.A. ADR | 0.49% | 3.34 | -1.27% | +2.46% | -2.60% | -4.47% | 32 |
| SATS Echostar Corp | 0.46% | 92.85 | +0.84% | -1.85% | -12.73% | -14.58% | 8 |
| CHTR Charter Communications | 0.34% | 113.79 | -1.51% | +8.44% | +5.59% | -45.49% | 61 |
| FOXA Fox Corp Cl A | 0.34% | 67.10 | +6.92% | +3.98% | +5.95% | -7.72% | 66 |
| TKO Tko Group Holdings Cl A | 0.33% | 187.20 | +1.11% | +8.72% | +5.74% | -10.07% | 63 |
| TELIA.ST TELIA COMPANY | 0.33% | 49.03 | +0.31% | +3.48% | +11.31% | +27.29% | 87 |
| TEL Te Connectivity Ltd | 0.28% | 219.77 | +1.04% | -2.48% | +0.38% | -2.73% | 39 |
| NWSA News Corp Cl A | 0.26% | 29.46 | -0.77% | -1.70% | +1.76% | +13.26% | 45 |
| TTD Trade Desk Inc | 0.25% | 12.86 | +2.47% | +1.26% | +7.35% | -66.12% | 68 |
| FOX Fox Corp Cl B | 0.21% | 59.63 | +6.56% | +3.83% | +5.17% | -7.67% | 58 |
| ELISA.HE ELISA | 0.18% | 33.44 | +1.52% | +4.43% | -7.16% | -10.11% | 18 |
| CAR Avis Budget Group | 0.18% | 109.34 | -1.95% | +6.98% | +1.26% | -14.79% | 42 |
| WPP Wpp Plc ADR | 0.10% | 27.46 | +0.51% | +5.57% | +13.89% | +28.14% | 92 |
| NWS News Corp Cl B | 0.10% | 32.06 | -1.23% | -2.14% | +0.19% | +8.60% | 34 |
| PSKY Paramount Skydance Corp Cl B | 0.08% | 9.53 | -2.51% | -4.60% | -12.25% | -28.51% | 11 |
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 2026-11-04: over 21 sessions the fund returned -9.68% while its median constituent returned +2.76% — a dispersion of 9.76 pp; 82% of 38 members beat the fund. Improving below the surface - the A/D line is rising while price is flat-to-down; more names participating than the headline shows.
How did IXP's members trade in the last session?
As of 2026-11-04: fund +0.67%, median member +0.05%, 20 advancers vs 16 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. 38 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.