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 | +1.94% | +0.27 | +20pp | +3.47pp | Confirming ↑ |
| 1 month | +0.80% | +2.43 | +22pp | +3.50pp | Improving |
| 1 quarter | -2.25% | +1.57 | +12pp | +2.17pp | Improving |
Over the last 126 sessions: price down -1.12%, breadth up (+0.22/name) · % beating 68→69 · median−ETF +5.68pp→+2.90pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.09% | +0.45% | -0.64pp | 22 / 14 | 9 / 28 | 17 of 37 | ±1.76% |
| 5d | +1.94% | +0.61% | -1.33pp | 24 / 13 | 14 / 23 | 9 of 37 | ±3.71% |
| 21d | +0.80% | +3.47% | +2.67pp | 26 / 11 | 25 / 12 | 3 of 37 | ±9.45% |
| YTD | -2.14% | -1.56% | +0.58pp | 18 / 19 | 19 / 18 | 2 of 37 | ±17.21% |
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+3.01%+0.44pp
- GOOGL+1.59%+0.21pp
- GOOG+1.59%+0.17pp
- T+0.92%+0.04pp
- VZ+0.74%+0.03pp
- DIS-0.76%-0.03pp
- SATS-4.14%-0.02pp
- CHTR-4.77%-0.02pp
- CMCSA-0.60%-0.01pp
- TTWO-0.93%-0.01pp
This month (21d)
- T+13.57%+0.56pp
- META+3.72%+0.55pp
- NFLX+11.42%+0.48pp
- VZ+8.87%+0.37pp
- DIS+5.31%+0.24pp
- GOOGL-5.50%-0.73pp
- GOOG-5.85%-0.62pp
- SATS-26.16%-0.12pp
- TTWO-8.85%-0.1pp
- DTE-1.85%-0.06pp
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)
- PSKY+26.03%
- FOX+15.84%
- FOXA+15.39%
- T+13.57%
- T+13.57%
- SATS-26.16%
- TTD-20.41%
- TTWO-8.85%
- GOOG-5.85%
- GOOGL-5.50%
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% | 610.68 | +3.01% | +6.93% | +3.72% | -7.41% | 54 |
| GOOGL Alphabet Cl A | 13.27% | 342.48 | +1.59% | +0.54% | -5.50% | +9.50% | 11 |
| GOOG Alphabet Cl C | 10.54% | 339.08 | +1.59% | +0.41% | -5.85% | +8.13% | 8 |
| DIS Walt Disney Company | 4.53% | 107.16 | -0.76% | +0.32% | +5.31% | -5.81% | 59 |
| VZ Verizon Communications | 4.21% | 50.59 | +0.74% | +2.35% | +8.87% | +28.26% | 78 |
| NFLX Netflix Inc | 4.18% | 82.67 | -0.07% | +3.54% | +11.42% | -11.83% | 84 |
| T AT&T Inc | 4.12% | 26.19 | +0.92% | +2.99% | +13.57% | +7.79% | 86 |
| DTE Dte Energy Company | 3.06% | 137.07 | +0.75% | +0.61% | -1.85% | +7.11% | 19 |
| TMUS T-Mobile US | 2.38% | 188.02 | +0.38% | +6.39% | +8.39% | -6.95% | 76 |
| CMCSA Comcast Corp A | 2.37% | 26.65 | -0.60% | +0.91% | +7.68% | -2.63% | 68 |
| WBD Discovery Inc Series A | 1.77% | 28.37 | -0.07% | -1.77% | +9.24% | -1.56% | 81 |
| EA Electronic Arts Inc | 1.20% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 35 |
| TTWO Take-Two Interactive | 1.09% | 214.13 | -0.93% | -8.10% | -8.85% | -16.37% | 5 |
| ORA Ormat Technologies | 1.03% | 104.19 | -0.48% | -0.71% | +6.41% | -5.39% | 62 |
| VOD Vodafone Grp Plc ADR | 0.78% | 16.58 | +3.17% | +4.41% | +8.30% | +27.86% | 73 |
| LYV Live Nation Entertainment | 0.69% | 177.49 | -1.17% | -1.74% | -3.29% | +24.55% | 16 |
| UMG.AS UNIVERSAL MUSIC GROUP NV | 0.65% | 14.43 | +0.45% | -2.86% | -1.80% | -34.21% | 22 |
| OMC Omnicom Group Inc | 0.61% | 84.73 | +3.63% | -3.60% | +3.70% | +5.98% | 51 |
| BCE BCE Inc | 0.60% | 23.81 | +1.75% | +1.75% | +7.93% | +2.56% | 70 |
| SCMN.SW SWISSCOM AG | 0.58% | 633.00 | -0.24% | +1.04% | +2.76% | +14.27% | 41 |
| KPN.AS KONINKLIJKE KPN NV | 0.54% | 4.05 | -0.10% | -0.78% | +2.48% | +4.31% | 38 |
| T AT&T Inc | 0.51% | 26.19 | +0.92% | +2.99% | +13.57% | +7.79% | 86 |
| CLNX.MC CELLNEX TELECOM | 0.51% | 25.99 | +1.92% | -1.55% | +0.46% | -3.94% | 30 |
| TEF.MC Telefonica S.A. ADR | 0.49% | 3.68 | +0.66% | +2.28% | +1.80% | +5.32% | 32 |
| SATS Echostar Corp | 0.46% | 92.03 | -4.14% | -8.74% | -26.16% | -15.34% | 0 |
| CHTR Charter Communications | 0.34% | 151.38 | -4.77% | +2.06% | -1.17% | -27.48% | 24 |
| FOXA Fox Corp Cl A | 0.34% | 67.71 | +0.28% | +1.17% | +15.39% | -6.88% | 92 |
| TKO Tko Group Holdings Cl A | 0.33% | 189.42 | -0.19% | +2.76% | +3.47% | -9.00% | 49 |
| TELIA.ST TELIA COMPANY | 0.33% | 44.46 | -0.31% | +2.35% | +3.25% | +15.43% | 46 |
| TEL Te Connectivity Ltd | 0.28% | 209.41 | +3.56% | +3.16% | -3.95% | -7.32% | 14 |
| NWSA News Corp Cl A | 0.26% | 30.95 | +0.96% | -0.79% | +6.49% | +18.97% | 65 |
| TTD Trade Desk Inc | 0.25% | 15.09 | +3.71% | +12.44% | -20.41% | -60.25% | 3 |
| FOX Fox Corp Cl B | 0.21% | 60.47 | +0.33% | +0.61% | +15.84% | -6.37% | 95 |
| ELISA.HE ELISA | 0.18% | 35.74 | -0.22% | -0.11% | +2.82% | -3.93% | 43 |
| CAR Avis Budget Group | 0.18% | 138.51 | +0.49% | -0.70% | -0.12% | +7.94% | 27 |
| NWS News Corp Cl B | 0.10% | 34.72 | +0.90% | -1.70% | +4.80% | +17.61% | 57 |
| PSKY Paramount Skydance Corp Cl B | 0.08% | 11.04 | +0.64% | +2.22% | +26.03% | -17.19% | 97 |
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 2026-09-03: over 21 sessions the fund returned +0.80% while its median constituent returned +3.47% — a dispersion of 9.45 pp; 68% of 37 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 2026-09-03: fund +1.09%, median member +0.45%, 22 advancers vs 14 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 Closelook lake.
Is this investment advice?
No — a data surface in an investment research diary. It describes breadth inside a fund; it makes no recommendation.