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 | -0.80% | -0.3 | -9pp | -1.43pp | Weakening |
| 1 month | +1.17% | +0.29 | -12pp | -2.00pp | Confirming ↑ |
| 1 quarter | -2.05% | -0.25 | +1pp | -0.70pp | Confirming ↓ |
Over the last 126 sessions: price down -2.61%, breadth up (+1.82/name) · % beating 51→45 · median−ETF +0.28pp→-1.14pp.
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 2026-07-24.
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 | 17 (30%) | 9 (16%) | +8 |
| 1-Month | 4 (7%) | 6 (11%) | -2 |
| 3-Month | 3 (5%) | 4 (7%) | -1 |
| 6-Month | 2 (4%) | 3 (5%) | -1 |
| 52-Week | 2 (4%) | 1 (2%) | +1 |
| YTD | 2 (4%) | 3 (5%) | -1 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.71% | +1.05% | +0.34pp | 43 / 13 | 34 / 22 | 31 of 56 | ±1.94% |
| 5d | -0.80% | -0.61% | +0.19pp | 22 / 34 | 32 / 24 | 15 of 56 | ±4.18% |
| 21d | +1.17% | +0.03% | -1.14pp | 28 / 28 | 25 / 31 | 6 of 56 | ±8.71% |
| YTD | -0.98% | +3.96% | +4.95pp | 31 / 24 | 31 / 24 | 2 of 55 | ±26.1% |
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)
- TMUS+5.67%+0.08pp
- VRSK+4.23%+0.07pp
- MAR+2.73%+0.06pp
- ADP+2.97%+0.06pp
- ROST+2.80%+0.05pp
- LITE-8.47%-0.11pp
- TSLA-2.08%-0.04pp
- GEHC-2.22%-0.04pp
- CHTR-2.52%-0.03pp
- HON-1.27%-0.02pp
This month (21d)
- PYPL+32.18%+0.55pp
- CTAS+20.46%+0.36pp
- PAYX+17.91%+0.34pp
- CSX+15.57%+0.33pp
- ADP+13.75%+0.27pp
- TSLA-16.64%-0.33pp
- ISRG-16.01%-0.24pp
- FER-9.03%-0.17pp
- WMT-8.01%-0.14pp
- CSCO-4.64%-0.14pp
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)
- PYPL+32.18%
- CTAS+20.46%
- PAYX+17.91%
- CSX+15.57%
- ADP+13.75%
- TSLA-16.64%
- ISRG-16.01%
- LITE-9.44%
- FER-9.03%
- CPRT-8.09%
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% | 114.17 | +1.25% | +1.99% | -4.64% | +49.82% | 20 |
| ODFL Old Dominion Freight Line | 2.34% | 232.99 | +0.99% | -0.36% | +6.37% | +48.80% | 73 |
| AMZN Amazon.com Inc | 2.16% | 232.11 | -0.66% | -6.12% | -0.92% | +0.56% | 38 |
| CSX CSX Corp | 2.12% | 53.23 | +0.80% | +4.89% | +15.57% | +47.33% | 93 |
| MAR Marriot Int Cl A | 2.11% | 374.43 | +2.73% | +2.24% | -2.38% | +20.92% | 27 |
| MNST Monster Beverage Corp | 2.10% | 93.49 | -0.07% | -4.11% | -1.28% | +21.94% | 34 |
| TSLA Tesla Inc | 1.99% | 313.03 | -2.08% | -17.81% | -16.64% | -30.39% | 0 |
| KDP Keurig Dr Pepper Inc | 1.98% | 29.68 | +0.03% | -3.98% | -4.80% | +7.78% | 18 |
| ADP Automatic Data Processing | 1.94% | 250.09 | +2.97% | -2.03% | +13.75% | -1.97% | 91 |
| ROST Ross Stores Inc | 1.93% | 238.89 | +2.80% | +2.33% | +4.51% | +32.90% | 70 |
| BKR Baker Hughes Company | 1.92% | 57.25 | +2.07% | +2.32% | +1.54% | +26.61% | 57 |
| DXCM Dexcom Inc | 1.90% | 71.54 | +1.50% | -6.67% | +2.57% | +7.79% | 64 |
| MDLZ Mondelez Intl Inc | 1.90% | 60.52 | +0.78% | -0.79% | -1.15% | +13.40% | 36 |
| TTWO Take-Two Interactive | 1.89% | 231.65 | +0.61% | -2.13% | -1.75% | -9.52% | 32 |
| FER Ferrovial N.V. | 1.89% | 63.25 | -0.08% | -0.53% | -9.03% | -2.10% | 5 |
| FAST Fastenal Company | 1.89% | 47.02 | +1.89% | +3.36% | +1.64% | +18.45% | 59 |
| PAYX Paychex Inc | 1.88% | 113.55 | +2.61% | -0.73% | +17.91% | +2.27% | 95 |
| PCAR Paccar Inc | 1.86% | 132.24 | +1.14% | +4.79% | +13.00% | +21.45% | 89 |
| FANG Diamondback Energy | 1.84% | 204.68 | -0.39% | +4.67% | +11.55% | +36.97% | 84 |
| ABNB Airbnb Inc Cl A | 1.82% | 141.10 | +2.57% | -3.34% | -2.29% | +3.96% | 29 |
| LIN Linde Plc | 1.82% | 512.28 | +1.18% | -0.18% | -0.67% | +20.55% | 41 |
| KHC Kraft Heinz Company | 1.82% | 25.67 | +1.22% | -0.81% | +11.90% | +7.63% | 88 |
| AXON Axon Enterprise | 1.81% | 502.34 | +2.12% | -1.56% | +9.99% | -11.55% | 82 |
| AEP American Electric Power | 1.78% | 135.54 | +0.46% | +2.57% | +0.43% | +18.47% | 52 |
| EA Electronic Arts Inc | 1.78% | 209.06 | +0.03% | +0.08% | +2.22% | +2.41% | 61 |
| SBUX Starbucks Corp | 1.78% | 103.25 | +0.04% | -2.12% | -0.27% | +23.40% | 46 |
| ORLY O'Reilly Automotive | 1.77% | 87.40 | +1.50% | +1.57% | -0.48% | -4.18% | 43 |
| XEL XCEL Energy Inc | 1.77% | 81.67 | +1.11% | +3.68% | +0.25% | +11.39% | 50 |
| CCEP Coca-Cola Europacific Partners Plc | 1.76% | 105.11 | +1.44% | -0.07% | +6.39% | +15.89% | 75 |
| CTAS Cintas Corp | 1.76% | 205.91 | +1.31% | +0.71% | +20.46% | +9.74% | 96 |
| COST Costco Wholesale | 1.75% | 935.03 | +1.13% | -0.46% | -2.71% | +8.74% | 23 |
| MELI Mercadolibre Inc | 1.75% | 1801.44 | +0.15% | -0.69% | +8.55% | -10.57% | 80 |
| AMGN Amgen Inc | 1.74% | 376.04 | +1.22% | +2.66% | +7.00% | +15.68% | 79 |
| WMT Walmart Inc | 1.73% | 109.47 | +0.99% | -4.18% | -8.01% | -1.54% | 9 |
| HON Honeywell International | 1.72% | 243.15 | -1.27% | +8.06% | +6.92% | +25.25% | 77 |
| WBD Discovery Inc Series A | 1.72% | 25.77 | -0.69% | -4.09% | -5.26% | -10.58% | 16 |
| IDXX Idexx Laboratories | 1.71% | 544.32 | +0.92% | -4.07% | -0.88% | -19.54% | 39 |
| ALNY Alnylam Pharmaceuticals | 1.70% | 271.77 | +1.13% | +1.61% | -7.58% | -31.66% | 11 |
| BKNG Booking Holdings | 1.70% | 177.46 | +2.68% | -2.32% | -2.09% | — | 30 |
| PYPL Paypal Holdings | 1.70% | 56.15 | +0.27% | -0.72% | +32.18% | -3.53% | 98 |
| VRTX Vertex Pharmaceutic | 1.70% | 477.36 | +0.90% | -1.71% | +0.45% | +5.29% | 54 |
| EXC Exelon Corp | 1.68% | 47.53 | +0.53% | +2.75% | +1.34% | +9.97% | 55 |
| PEP Pepsico Inc | 1.66% | 136.64 | +1.25% | -0.35% | -3.96% | -3.94% | 21 |
| GILD Gilead Sciences Inc | 1.65% | 129.31 | -1.18% | -3.70% | +3.32% | +5.95% | 66 |
| CEG Constellation Energy Corp | 1.64% | 274.35 | -0.45% | +8.70% | +2.38% | -22.24% | 63 |
| CPRT Copart Inc | 1.64% | 27.94 | +2.72% | +1.20% | -8.09% | -28.63% | 7 |
| GEHC GE Healthcare Technologies | 1.60% | 60.58 | -2.22% | -3.89% | -6.63% | -26.07% | 13 |
| VRSK Verisk Analytics Inc | 1.56% | 201.34 | +4.23% | +0.33% | +11.82% | -9.76% | 86 |
| NFLX Netflix Inc | 1.55% | 70.09 | +1.74% | +1.65% | -2.44% | -25.25% | 25 |
| ISRG Intuitive Surg Inc | 1.53% | 337.50 | +1.65% | -2.29% | -16.01% | -40.41% | 2 |
| REGN Regeneron Pharmaceuticals | 1.50% | 656.01 | +0.63% | -3.06% | +5.23% | -14.91% | 71 |
| TMUS T-Mobile US | 1.49% | 180.09 | +5.67% | -6.41% | -0.39% | -10.88% | 45 |
| CMCSA Comcast Corp A | 1.41% | 22.30 | +1.71% | -6.28% | -0.18% | -18.54% | 48 |
| INSM Insmed Inc | 1.35% | 106.92 | -0.46% | -1.29% | +3.34% | -38.57% | 68 |
| LITE Lumentum Holdings | 1.30% | 762.99 | -8.47% | +4.12% | -9.44% | +107.00% | 4 |
| CHTR Charter Communications | 1.06% | 123.31 | -2.52% | -6.14% | -6.17% | -40.93% | 14 |
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.