Constituent dispersion · breadth vs the index
QQXT — First Trust Nasdaq-100 Ex-Technology
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 | +1.28% | +0.46 | -2pp | +0.32pp | Confirming ↑ |
| 1 month | +3.52% | +0.39 | -3pp | -0.27pp | Confirming ↑ |
| 1 quarter | +6.88% | +2.27 | +0pp | +0.53pp | Confirming ↑ |
Over the last 126 sessions: price up +3.02%, breadth up (+2.71/name) · % beating 62→45 · median−ETF +4.53pp→-0.43pp.
Stocks above their moving average — participation breadth
Of the 56 covered constituents, the share trading above each simple moving average — the classic breadth gauge. A firm index price with a low %-above-MA is a narrow, top-heavy tape. As of 2026-08-14.
New highs & new lows — by horizon
How many of the 56 covered constituents closed today at a new high (or low) over each window, and the net. A shrinking net as the index holds up = fewer names leading.
| Horizon | New highs | New lows | Net |
|---|---|---|---|
| 5-Day | 21 (38%) | 10 (18%) | +11 |
| 1-Month | 7 (13%) | 1 (2%) | +6 |
| 3-Month | 4 (7%) | 0 (0%) | +4 |
| 6-Month | 1 (2%) | 0 (0%) | +1 |
| 52-Week | 0 (0%) | 0 (0%) | +0 |
| YTD | 1 (2%) | 0 (0%) | +1 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.02% | -0.01% | -0.02pp | 26 / 28 | 26 / 30 | 35 of 56 | ±1.71% |
| 5d | +1.27% | +1.36% | +0.08pp | 39 / 17 | 29 / 27 | 15 of 56 | ±3.57% |
| 21d | +3.51% | +3.08% | -0.43pp | 38 / 17 | 25 / 30 | 6 of 55 | ±9.06% |
| YTD | +4.73% | +7.45% | +2.72pp | 35 / 19 | 32 / 22 | 1 of 54 | ±28.35% |
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)
- CPRT+7.55%+0.12pp
- LITE+5.19%+0.07pp
- BKR+2.18%+0.04pp
- TTWO+2.08%+0.04pp
- PYPL+1.77%+0.03pp
- ODFL-2.21%-0.05pp
- PAYX-2.70%-0.05pp
- IDXX-2.82%-0.05pp
- CSCO-1.58%-0.05pp
- DXCM-1.89%-0.04pp
This month (21d)
- ABNB+24.53%+0.45pp
- LITE+31.14%+0.4pp
- DXCM+15.09%+0.29pp
- BKR+14.64%+0.28pp
- REGN+18.34%+0.28pp
- ALNY-19.25%-0.33pp
- ODFL-11.04%-0.26pp
- TSLA-12.48%-0.25pp
- VRSK-9.84%-0.15pp
- LIN-7.30%-0.13pp
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)
- LITE+31.14%
- ABNB+24.53%
- REGN+18.34%
- CHTR+15.71%
- INSM+15.15%
- ALNY-19.25%
- TSLA-12.48%
- ODFL-11.04%
- VRSK-9.84%
- LIN-7.30%
QQXT — constituent leadership race
$100 in each covered QQXT 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 — 56 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CSCO Cisco Systems Inc | 2.93% | 111.68 | -1.58% | -8.03% | +1.84% | +46.55% | 44 |
| ODFL Old Dominion Freight Line | 2.34% | 210.97 | -2.21% | -2.49% | -11.04% | +34.74% | 4 |
| AMZN Amazon.com Inc | 2.16% | 262.65 | -0.94% | -4.31% | +5.11% | +13.79% | 58 |
| CSX CSX Corp | 2.12% | 50.16 | +0.04% | -0.22% | -1.43% | +38.83% | 24 |
| MAR Marriot Int Cl A | 2.11% | 356.72 | +1.19% | +0.79% | -3.89% | +15.20% | 15 |
| MNST Monster Beverage Corp | 2.10% | 46.82 | +0.30% | +3.63% | — | — | — |
| TSLA Tesla Inc | 1.99% | 342.27 | +0.68% | +4.17% | -12.48% | -23.89% | 2 |
| KDP Keurig Dr Pepper Inc | 1.98% | 31.44 | +1.03% | +4.77% | +0.19% | +14.17% | 31 |
| ADP Automatic Data Processing | 1.94% | 272.96 | -1.18% | +0.60% | +6.39% | +6.99% | 67 |
| ROST Ross Stores Inc | 1.93% | 245.36 | +0.16% | -3.87% | +5.43% | +36.49% | 62 |
| BKR Baker Hughes Company | 1.92% | 64.82 | +2.18% | +5.31% | +14.64% | +43.35% | 85 |
| DXCM Dexcom Inc | 1.90% | 89.75 | -1.89% | +5.90% | +15.09% | +35.23% | 89 |
| MDLZ Mondelez Intl Inc | 1.90% | 63.61 | +0.13% | +1.60% | +3.57% | +19.19% | 55 |
| TTWO Take-Two Interactive | 1.89% | 246.95 | +2.08% | +0.18% | +3.08% | -3.55% | 49 |
| FER Ferrovial N.V. | 1.89% | 64.13 | -0.59% | -3.58% | +0.74% | -0.74% | 35 |
| FAST Fastenal Company | 1.89% | 51.02 | -0.62% | -1.58% | +9.32% | +28.52% | 75 |
| PAYX Paychex Inc | 1.88% | 122.02 | -2.70% | +1.65% | +6.38% | +9.90% | 65 |
| PCAR Paccar Inc | 1.86% | 130.79 | +0.05% | -1.48% | +3.25% | +20.11% | 51 |
| FANG Diamondback Energy | 1.84% | 202.47 | +1.48% | +8.27% | +6.49% | +35.49% | 69 |
| ABNB Airbnb Inc Cl A | 1.82% | 184.06 | -0.58% | +3.36% | +24.53% | +35.62% | 96 |
| LIN Linde Plc | 1.82% | 482.74 | +0.95% | -1.48% | -7.30% | +13.60% | 7 |
| KHC Kraft Heinz Company | 1.82% | 25.51 | +0.51% | +0.75% | -2.74% | +6.96% | 18 |
| AXON Axon Enterprise | 1.81% | 612.83 | -0.45% | +7.32% | +13.12% | +7.91% | 84 |
| AEP American Electric Power | 1.78% | 125.60 | +0.18% | +0.66% | -5.66% | +9.79% | 9 |
| EA Electronic Arts Inc | 1.78% | 209.70 | +0.00% | +0.38% | +2.07% | +2.73% | 45 |
| SBUX Starbucks Corp | 1.78% | 107.69 | -0.79% | +2.58% | -0.63% | +28.71% | 29 |
| ORLY O'Reilly Automotive | 1.77% | 91.05 | -1.65% | -2.65% | +5.57% | -0.18% | 64 |
| XEL XCEL Energy Inc | 1.77% | 79.17 | +0.24% | +1.41% | -1.01% | +7.98% | 25 |
| CCEP Coca-Cola Europacific Partners Plc | 1.76% | 107.64 | +0.15% | -0.60% | +1.50% | +18.68% | 38 |
| CTAS Cintas Corp | 1.76% | 199.52 | -0.59% | -1.48% | -3.26% | +6.33% | 16 |
| COST Costco Wholesale | 1.75% | 961.10 | -0.08% | +1.40% | +1.80% | +11.77% | 42 |
| MELI Mercadolibre Inc | 1.75% | 1844.58 | +0.89% | +1.31% | -0.69% | -8.42% | 27 |
| AMGN Amgen Inc | 1.74% | 415.21 | -0.63% | +1.04% | +11.74% | +27.73% | 78 |
| WMT Walmart Inc | 1.73% | 115.27 | -0.39% | +3.06% | +0.28% | +3.68% | 33 |
| HON Honeywell International | 1.72% | 233.96 | -0.01% | -4.69% | +3.37% | +20.52% | 53 |
| WBD Discovery Inc Series A | 1.72% | 27.99 | +0.86% | +4.52% | +2.57% | -2.88% | 47 |
| IDXX Idexx Laboratories | 1.71% | 550.96 | -2.82% | -6.09% | -4.36% | -18.56% | 13 |
| ALNY Alnylam Pharmaceuticals | 1.70% | 228.65 | +0.67% | +4.31% | -19.25% | -42.50% | 0 |
| BKNG Booking Holdings | 1.70% | 212.06 | -0.60% | -1.10% | +14.87% | — | 87 |
| PYPL Paypal Holdings | 1.70% | 61.66 | +1.77% | +4.38% | +8.69% | +5.94% | 73 |
| VRTX Vertex Pharmaceutic | 1.70% | 505.75 | -2.07% | +1.95% | +4.06% | +11.56% | 56 |
| EXC Exelon Corp | 1.68% | 45.86 | +0.57% | +0.55% | -1.99% | +6.11% | 20 |
| PEP Pepsico Inc | 1.66% | 140.79 | +0.12% | +1.27% | +0.98% | -1.03% | 36 |
| GILD Gilead Sciences Inc | 1.65% | 138.36 | +0.16% | +3.87% | +1.51% | +13.37% | 40 |
| CEG Constellation Energy Corp | 1.64% | 282.50 | +1.39% | +4.67% | +12.21% | -19.93% | 80 |
| CPRT Copart Inc | 1.64% | 31.61 | +7.55% | +6.57% | +11.74% | -19.26% | 76 |
| GEHC GE Healthcare Technologies | 1.60% | 73.69 | -0.14% | +2.68% | +12.22% | -10.08% | 82 |
| VRSK Verisk Analytics Inc | 1.56% | 181.67 | -2.30% | -5.29% | -9.84% | -18.58% | 5 |
| NFLX Netflix Inc | 1.55% | 78.16 | -0.10% | +5.42% | +5.12% | -16.64% | 60 |
| ISRG Intuitive Surg Inc | 1.53% | 394.51 | -1.68% | +4.14% | -1.94% | -30.34% | 22 |
| REGN Regeneron Pharmaceuticals | 1.50% | 803.48 | -0.31% | +2.44% | +18.34% | +4.22% | 95 |
| TMUS T-Mobile US | 1.49% | 182.61 | -0.42% | +3.06% | -5.31% | -9.63% | 11 |
| CMCSA Comcast Corp A | 1.41% | 26.18 | +0.00% | +3.23% | +8.63% | -4.35% | 71 |
| INSM Insmed Inc | 1.35% | 123.74 | -2.05% | -5.61% | +15.15% | -28.90% | 91 |
| LITE Lumentum Holdings | 1.30% | 926.14 | +5.19% | +4.04% | +31.14% | +151.27% | 98 |
| CHTR Charter Communications | 1.06% | 154.27 | -1.44% | +1.11% | +15.71% | -26.10% | 93 |
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.