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 | +3.29% | +0.96 | -2pp | +1.15pp | Confirming ↑ |
| 1 month | +2.15% | +1.86 | +14pp | +3.84pp | Confirming ↑ |
| 1 quarter | +2.31% | +1.07 | +2pp | +1.30pp | Confirming ↑ |
Over the last 126 sessions: price up +0.81%, breadth up (+3.29/name) · % beating 45→57 · median−ETF -0.81pp→+2.51pp.
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 2026-07-02.
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 | 30 (54%) | 5 (9%) | +25 |
| 1-Month | 21 (38%) | 3 (5%) | +18 |
| 3-Month | 12 (22%) | 2 (4%) | +10 |
| 6-Month | 5 (9%) | 0 (0%) | +5 |
| 52-Week | 4 (7%) | 0 (0%) | +4 |
| YTD | 5 (9%) | 0 (0%) | +5 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.49% | +1.61% | +0.12pp | 45 / 11 | 28 / 28 | 16 of 56 | ±2.8% |
| 5d | +3.29% | +3.47% | +0.19pp | 41 / 15 | 29 / 27 | 8 of 56 | ±6.76% |
| 21d | +2.15% | +4.66% | +2.51pp | 35 / 21 | 32 / 24 | 6 of 56 | ±9.42% |
| YTD | +0.80% | +5.13% | +4.33pp | 33 / 22 | 31 / 24 | 3 of 55 | ±22.84% |
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)
- VRTX+6.03%+0.1pp
- ISRG+5.87%+0.09pp
- NFLX+4.66%+0.07pp
- CTAS+4.10%+0.07pp
- REGN+4.73%+0.07pp
- TSLA-7.49%-0.15pp
- LITE-9.09%-0.12pp
- CSCO-3.69%-0.11pp
- ORLY-2.63%-0.05pp
- BKR-1.93%-0.04pp
This month (21d)
- VRTX+24.22%+0.41pp
- AXON+21.82%+0.39pp
- CCEP+17.15%+0.3pp
- TTWO+14.66%+0.28pp
- AMGN+13.98%+0.24pp
- LITE-29.23%-0.38pp
- CSCO-11.96%-0.35pp
- BKR-18.22%-0.35pp
- FANG-15.00%-0.28pp
- CEG-12.25%-0.2pp
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)
- VRTX+24.22%
- AXON+21.82%
- CCEP+17.15%
- TTWO+14.66%
- AMGN+13.98%
- LITE-29.23%
- BKR-18.22%
- FANG-15.00%
- CEG-12.25%
- CSCO-11.96%
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% | 112.69 | -3.69% | -5.28% | -11.96% | +47.87% | 7 |
| ODFL Old Dominion Freight Line | 2.34% | 217.65 | -0.14% | -1.12% | -4.87% | +39.00% | 16 |
| AMZN Amazon.com Inc | 2.16% | 242.67 | +0.40% | +6.90% | -5.40% | +5.13% | 14 |
| CSX CSX Corp | 2.12% | 48.89 | +1.16% | +3.06% | +5.96% | +35.31% | 66 |
| MAR Marriot Int Cl A | 2.11% | 372.95 | +1.26% | -1.57% | -0.22% | +20.45% | 36 |
| MNST Monster Beverage Corp | 2.10% | 97.60 | +0.26% | +1.85% | +10.61% | +27.30% | 84 |
| TSLA Tesla Inc | 1.99% | 393.45 | -7.49% | +4.89% | -7.15% | -12.51% | 9 |
| KDP Keurig Dr Pepper Inc | 1.98% | 33.30 | -0.21% | +3.13% | +9.68% | +20.93% | 80 |
| ADP Automatic Data Processing | 1.94% | 242.27 | +2.77% | +12.00% | +5.59% | -5.04% | 59 |
| ROST Ross Stores Inc | 1.93% | 213.43 | +0.72% | -0.79% | -4.46% | +18.73% | 18 |
| BKR Baker Hughes Company | 1.92% | 52.78 | -1.93% | -7.31% | -18.22% | +16.72% | 2 |
| DXCM Dexcom Inc | 1.90% | 71.25 | +3.47% | +3.79% | -3.00% | +7.35% | 21 |
| MDLZ Mondelez Intl Inc | 1.90% | 60.91 | +2.63% | +0.36% | -0.26% | +14.13% | 34 |
| TTWO Take-Two Interactive | 1.89% | 254.99 | +1.87% | +6.82% | +14.66% | -0.41% | 93 |
| FER Ferrovial N.V. | 1.89% | 67.72 | +0.68% | -3.53% | +2.08% | +4.81% | 41 |
| FAST Fastenal Company | 1.89% | 48.60 | +1.78% | +3.58% | +8.65% | +22.43% | 73 |
| PAYX Paychex Inc | 1.88% | 106.35 | +3.54% | +9.96% | +5.52% | -4.21% | 57 |
| PCAR Paccar Inc | 1.86% | 119.50 | -1.44% | -1.79% | +5.86% | +9.41% | 63 |
| FANG Diamondback Energy | 1.84% | 172.04 | +0.05% | -5.76% | -15.00% | +15.13% | 4 |
| ABNB Airbnb Inc Cl A | 1.82% | 148.93 | +1.10% | +4.97% | +10.85% | +9.73% | 89 |
| LIN Linde Plc | 1.82% | 546.64 | +2.45% | +4.66% | +10.58% | +28.63% | 82 |
| KHC Kraft Heinz Company | 1.82% | 25.37 | +1.44% | +8.10% | +10.71% | +6.37% | 88 |
| AXON Axon Enterprise | 1.81% | 597.04 | +0.52% | +34.25% | +21.82% | +5.13% | 96 |
| AEP American Electric Power | 1.78% | 138.51 | +2.56% | +1.10% | +8.97% | +21.07% | 75 |
| EA Electronic Arts Inc | 1.78% | 205.21 | -0.12% | +0.23% | +1.58% | +0.53% | 39 |
| SBUX Starbucks Corp | 1.78% | 104.27 | +0.85% | +1.08% | +9.17% | +24.62% | 77 |
| ORLY O'Reilly Automotive | 1.77% | 90.25 | -2.63% | +3.86% | +4.66% | -1.05% | 50 |
| XEL XCEL Energy Inc | 1.77% | 81.96 | +2.84% | +0.26% | +5.25% | +11.79% | 54 |
| CCEP Coca-Cola Europacific Partners Plc | 1.76% | 106.61 | +0.48% | +7.04% | +17.15% | +17.54% | 95 |
| CTAS Cintas Corp | 1.76% | 181.37 | +4.10% | +7.26% | +4.65% | -3.34% | 48 |
| COST Costco Wholesale | 1.75% | 951.67 | +2.92% | +1.00% | -0.27% | +10.67% | 32 |
| MELI Mercadolibre Inc | 1.75% | 1763.36 | +1.22% | +8.90% | +5.41% | -12.46% | 55 |
| AMGN Amgen Inc | 1.74% | 374.15 | +3.55% | +6.05% | +13.98% | +15.10% | 91 |
| WMT Walmart Inc | 1.73% | 111.84 | +2.78% | -3.40% | -1.08% | +0.59% | 30 |
| HON Honeywell International | 1.72% | 229.86 | +3.66% | -0.60% | -2.28% | +18.41% | 27 |
| WBD Discovery Inc Series A | 1.72% | 26.48 | -1.23% | -1.85% | -2.58% | -8.12% | 25 |
| IDXX Idexx Laboratories | 1.71% | 557.80 | +3.76% | +0.52% | +1.27% | -17.55% | 38 |
| ALNY Alnylam Pharmaceuticals | 1.70% | 312.78 | +3.68% | +6.69% | +9.32% | -21.34% | 79 |
| BKNG Booking Holdings | 1.70% | 184.56 | +1.05% | +4.24% | +10.65% | — | 86 |
| PYPL Paypal Holdings | 1.70% | 45.47 | +3.18% | +7.29% | +2.45% | -21.88% | 43 |
| VRTX Vertex Pharmaceutic | 1.70% | 528.04 | +6.03% | +9.97% | +24.22% | +16.47% | 98 |
| EXC Exelon Corp | 1.68% | 47.88 | +3.50% | +2.42% | +7.40% | +10.78% | 68 |
| PEP Pepsico Inc | 1.66% | 144.22 | +2.17% | +3.37% | +2.63% | +1.39% | 45 |
| GILD Gilead Sciences Inc | 1.65% | 131.27 | +4.21% | +6.00% | +2.90% | +7.56% | 46 |
| CEG Constellation Energy Corp | 1.64% | 239.25 | +1.16% | -10.96% | -12.25% | -32.18% | 5 |
| CPRT Copart Inc | 1.64% | 30.01 | +4.24% | -0.13% | -2.75% | -23.35% | 23 |
| GEHC GE Healthcare Technologies | 1.60% | 65.57 | +1.09% | +0.96% | +5.77% | -19.99% | 61 |
| VRSK Verisk Analytics Inc | 1.56% | 188.35 | +2.52% | +6.39% | +5.16% | -15.59% | 52 |
| NFLX Netflix Inc | 1.55% | 77.65 | +4.66% | +9.52% | -6.82% | -17.18% | 11 |
| ISRG Intuitive Surg Inc | 1.53% | 426.01 | +5.87% | +6.59% | +5.89% | -24.78% | 64 |
| REGN Regeneron Pharmaceuticals | 1.50% | 654.27 | +4.73% | +5.50% | +8.52% | -15.13% | 71 |
| TMUS T-Mobile US | 1.49% | 177.52 | +2.58% | -2.23% | -5.99% | -12.15% | 13 |
| CMCSA Comcast Corp A | 1.41% | 23.79 | +0.25% | +6.28% | -4.27% | -13.08% | 20 |
| INSM Insmed Inc | 1.35% | 111.60 | +4.30% | +6.82% | +7.59% | -35.88% | 70 |
| LITE Lumentum Holdings | 1.30% | 728.32 | -9.09% | -15.51% | -29.23% | +97.60% | 0 |
| CHTR Charter Communications | 1.06% | 137.20 | -1.89% | +5.82% | -2.19% | -34.28% | 29 |
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.