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 | +0.75% | -1.08 | -6pp | -3.97pp | Weakening |
| 1 month | +2.64% | -3 | -49pp | -9.72pp | Weakening |
| 1 quarter | +7.83% | +0.43 | -51pp | -12.79pp | Confirming ↑ |
Over the last 126 sessions: price up +7.65%, breadth down (-1.16/name) · % beating 70→11 · median−ETF +4.43pp→-8.47pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.92% | +0.26% | -0.66pp | 19 / 17 | 9 / 28 | 17 of 37 | ±1.69% |
| 5d | +0.75% | -3.40% | -4.15pp | 8 / 29 | 4 / 33 | 5 of 37 | ±5.01% |
| 21d | +2.64% | -5.83% | -8.47pp | 8 / 29 | 5 / 32 | 4 of 37 | ±10.99% |
| YTD | -0.04% | -5.43% | -5.39pp | 15 / 22 | 15 / 22 | 1 of 37 | ±19.11% |
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+4.50%+0.66pp
- GOOGL+1.34%+0.18pp
- GOOG+1.20%+0.13pp
- DIS+2.03%+0.09pp
- VZ+1.72%+0.07pp
- CMCSA-1.86%-0.04pp
- DTE-1.39%-0.04pp
- ORA-3.43%-0.04pp
- SATS-4.14%-0.02pp
- TTWO-1.62%-0.02pp
This month (21d)
- META+36.41%+5.37pp
- WBD+6.71%+0.12pp
- EA+2.35%+0.03pp
- SCMN.SW+3.14%+0.02pp
- VOD+2.23%+0.02pp
- NFLX-12.78%-0.53pp
- CMCSA-18.34%-0.43pp
- DTE-10.99%-0.34pp
- VZ-5.83%-0.25pp
- DIS-5.11%-0.23pp
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+36.41%
- WBD+6.71%
- TEL+6.09%
- TELIA.ST+3.95%
- SCMN.SW+3.14%
- CAR-28.66%
- SATS-26.16%
- CHTR-24.23%
- CMCSA-18.34%
- OMC-15.31%
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% | 777.59 | +4.50% | +14.05% | +36.41% | +17.90% | 97 |
| GOOGL Alphabet Cl A | 13.27% | 342.36 | +1.34% | -1.43% | -1.26% | +9.46% | 65 |
| GOOG Alphabet Cl C | 10.54% | 339.01 | +1.20% | -1.36% | -1.20% | +8.11% | 73 |
| DIS Walt Disney Company | 4.53% | 105.56 | +2.03% | +0.20% | -5.11% | -7.22% | 51 |
| VZ Verizon Communications | 4.21% | 47.32 | +1.72% | -2.09% | -5.83% | +19.97% | 49 |
| NFLX Netflix Inc | 4.18% | 71.72 | +0.50% | -4.77% | -12.78% | -23.51% | 19 |
| T AT&T Inc | 4.12% | 25.45 | +0.59% | +0.24% | -1.24% | +4.74% | 68 |
| DTE Dte Energy Company | 3.06% | 121.18 | -1.39% | -6.25% | -10.99% | -5.31% | 22 |
| TMUS T-Mobile US | 2.38% | 165.35 | -0.19% | -0.66% | -8.43% | -18.17% | 35 |
| CMCSA Comcast Corp A | 2.37% | 22.13 | -1.86% | -3.40% | -18.34% | -19.15% | 8 |
| WBD Discovery Inc Series A | 1.77% | 30.84 | +0.26% | +9.21% | +6.71% | +7.01% | 95 |
| EA Electronic Arts Inc | 1.20% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 84 |
| TTWO Take-Two Interactive | 1.09% | 202.98 | -1.62% | -3.63% | -12.86% | -20.72% | 16 |
| ORA Ormat Technologies | 1.03% | 92.54 | -3.43% | -4.96% | -12.90% | -15.97% | 14 |
| VOD Vodafone Grp Plc ADR | 0.78% | 16.49 | +0.86% | -5.88% | +2.23% | +27.16% | 81 |
| LYV Live Nation Entertainment | 0.69% | 171.06 | +1.20% | +1.62% | -8.41% | +20.04% | 38 |
| UMG.AS UNIVERSAL MUSIC GROUP NV | 0.65% | 14.48 | -1.03% | -1.76% | -1.09% | -33.98% | 76 |
| OMC Omnicom Group Inc | 0.61% | 74.70 | -1.05% | -3.98% | -15.31% | -6.57% | 11 |
| BCE BCE Inc | 0.60% | 21.30 | -1.43% | -4.40% | -9.71% | -8.25% | 27 |
| SCMN.SW SWISSCOM AG | 0.58% | 656.50 | +0.38% | -2.23% | +3.14% | +18.51% | 86 |
| KPN.AS KONINKLIJKE KPN NV | 0.54% | 3.96 | +0.56% | -5.94% | -3.51% | +1.83% | 62 |
| T AT&T Inc | 0.51% | 25.45 | +0.59% | +0.24% | -1.24% | +4.74% | 68 |
| CLNX.MC CELLNEX TELECOM | 0.51% | 24.26 | -2.96% | -3.23% | -9.31% | -10.33% | 30 |
| TEF.MC Telefonica S.A. ADR | 0.49% | 3.37 | -0.74% | -10.26% | -6.71% | -3.61% | 46 |
| SATS Echostar Corp | 0.46% | 92.03 | -4.14% | -8.74% | -26.16% | -15.34% | 3 |
| CHTR Charter Communications | 0.34% | 117.55 | +0.81% | -11.86% | -24.23% | -43.69% | 5 |
| FOXA Fox Corp Cl A | 0.34% | 63.84 | -0.19% | -1.75% | -8.83% | -12.20% | 32 |
| TKO Tko Group Holdings Cl A | 0.33% | 185.06 | -2.13% | -2.24% | -4.32% | -11.10% | 59 |
| TELIA.ST TELIA COMPANY | 0.33% | 45.54 | +0.33% | -4.91% | +3.95% | +18.23% | 89 |
| TEL Te Connectivity Ltd | 0.28% | 213.67 | -0.34% | +3.42% | +6.09% | -5.43% | 92 |
| NWSA News Corp Cl A | 0.26% | 28.44 | +1.14% | -5.77% | -8.02% | +9.34% | 43 |
| TTD Trade Desk Inc | 0.25% | 12.63 | -0.39% | -11.43% | -4.68% | -66.73% | 54 |
| FOX Fox Corp Cl B | 0.21% | 57.20 | +0.42% | -2.11% | -8.31% | -11.43% | 41 |
| ELISA.HE ELISA | 0.18% | 37.04 | -1.44% | -3.79% | +2.15% | -0.43% | 78 |
| CAR Avis Budget Group | 0.18% | 103.54 | -2.02% | -10.15% | -28.66% | -19.31% | 0 |
| NWS News Corp Cl B | 0.10% | 31.56 | +1.09% | -5.42% | -10.21% | +6.91% | 24 |
| PSKY Paramount Skydance Corp Cl B | 0.08% | 10.18 | +2.21% | -4.14% | -4.59% | -23.64% | 57 |
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 2026-09-24: over 21 sessions the fund returned +2.64% while its median constituent returned -5.83% — a dispersion of 10.99 pp; 14% of 37 members beat the fund. Weakening below the surface - the A/D line is falling while price holds up; leadership is narrowing.
How did IXP's members trade in the last session?
As of 2026-09-24: fund +0.92%, median member +0.26%, 19 advancers vs 17 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.