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 | -0.82% | -0.09 | -7pp | -2.29pp | Weakening |
| 1 month | +1.09% | +1.05 | -1pp | -0.08pp | Confirming ↑ |
| 1 quarter | -0.25% | +0.27 | -6pp | -0.92pp | Improving |
Over the last 126 sessions: price down -1.32%, breadth up (+2.7/name) · % beating 47→50 · median−ETF -0.39pp→+0.22pp.
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 2026-07-10.
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 | 13 (23%) | 12 (21%) | +1 |
| 1-Month | 3 (5%) | 2 (4%) | +1 |
| 3-Month | 1 (2%) | 2 (4%) | -1 |
| 6-Month | 1 (2%) | 1 (2%) | +0 |
| 52-Week | 1 (2%) | 1 (2%) | +0 |
| YTD | 1 (2%) | 1 (2%) | +0 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.32% | +0.70% | +0.38pp | 36 / 19 | 31 / 25 | 33 of 56 | ±1.66% |
| 5d | -0.82% | -0.82% | +0.00pp | 24 / 32 | 28 / 28 | 10 of 56 | ±4.21% |
| 21d | +1.09% | +1.31% | +0.22pp | 33 / 23 | 28 / 28 | 7 of 56 | ±7.12% |
| YTD | -0.03% | +4.19% | +4.22pp | 30 / 25 | 30 / 25 | 2 of 55 | ±25.33% |
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)
- CSCO+2.54%+0.07pp
- KDP+3.09%+0.06pp
- DXCM+2.66%+0.05pp
- TMUS+3.38%+0.05pp
- MELI+2.46%+0.04pp
- ALNY-4.49%-0.08pp
- GILD-3.72%-0.06pp
- AXON-2.78%-0.05pp
- CPRT-2.88%-0.05pp
- NFLX-2.78%-0.04pp
This month (21d)
- AXON+25.04%+0.45pp
- TTWO+14.69%+0.28pp
- ABNB+13.15%+0.24pp
- INSM+16.73%+0.23pp
- MELI+12.86%+0.23pp
- CPRT-12.12%-0.2pp
- ODFL-8.49%-0.2pp
- BKR-9.43%-0.18pp
- NFLX-9.88%-0.15pp
- MDLZ-6.52%-0.12pp
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)
- AXON+25.04%
- INSM+16.73%
- TTWO+14.69%
- ABNB+13.15%
- MELI+12.86%
- CPRT-12.12%
- NFLX-9.88%
- BKR-9.43%
- ODFL-8.49%
- MDLZ-6.52%
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% | 121.31 | +2.54% | +8.05% | +0.79% | +59.18% | 48 |
| ODFL Old Dominion Freight Line | 2.34% | 227.63 | +0.79% | +4.58% | -8.49% | +45.37% | 5 |
| AMZN Amazon.com Inc | 2.16% | 245.34 | -0.69% | +1.10% | +0.47% | +6.29% | 45 |
| CSX CSX Corp | 2.12% | 49.41 | +0.12% | +1.06% | +4.51% | +36.75% | 64 |
| MAR Marriot Int Cl A | 2.11% | 376.11 | +0.98% | +0.85% | -4.45% | +21.47% | 14 |
| MNST Monster Beverage Corp | 2.10% | 97.39 | +0.87% | -0.22% | +8.03% | +27.02% | 80 |
| TSLA Tesla Inc | 1.99% | 407.76 | +0.30% | +3.64% | +2.79% | -9.33% | 55 |
| KDP Keurig Dr Pepper Inc | 1.98% | 31.67 | +3.09% | -4.89% | +0.60% | +15.01% | 46 |
| ADP Automatic Data Processing | 1.94% | 241.92 | +0.27% | -0.14% | +5.44% | -5.17% | 70 |
| ROST Ross Stores Inc | 1.93% | 222.88 | +1.03% | +4.43% | -2.86% | +23.99% | 25 |
| BKR Baker Hughes Company | 1.92% | 57.56 | +0.63% | +9.06% | -9.43% | +27.30% | 4 |
| DXCM Dexcom Inc | 1.90% | 74.96 | +2.66% | +5.21% | -4.13% | +12.94% | 18 |
| MDLZ Mondelez Intl Inc | 1.90% | 58.83 | +0.91% | -3.41% | -6.52% | +10.23% | 7 |
| TTWO Take-Two Interactive | 1.89% | 243.20 | -1.18% | -4.62% | +14.69% | -5.01% | 95 |
| FER Ferrovial N.V. | 1.89% | 64.28 | -0.43% | -5.08% | -2.32% | -0.51% | 30 |
| FAST Fastenal Company | 1.89% | 46.49 | +0.30% | -4.34% | -0.19% | +17.11% | 36 |
| PAYX Paychex Inc | 1.88% | 107.54 | +1.20% | +1.12% | +7.24% | -3.14% | 77 |
| PCAR Paccar Inc | 1.86% | 124.57 | +1.05% | +4.24% | +4.08% | +14.40% | 61 |
| FANG Diamondback Energy | 1.84% | 183.39 | +0.76% | +6.60% | -5.59% | +22.72% | 9 |
| ABNB Airbnb Inc Cl A | 1.82% | 148.62 | +1.18% | -0.21% | +13.15% | +9.50% | 93 |
| LIN Linde Plc | 1.82% | 529.79 | +0.80% | -3.08% | +2.75% | +24.67% | 54 |
| KHC Kraft Heinz Company | 1.82% | 24.85 | +0.69% | -2.05% | +6.06% | +4.19% | 75 |
| AXON Axon Enterprise | 1.81% | 565.80 | -2.78% | -5.23% | +25.04% | -0.38% | 98 |
| AEP American Electric Power | 1.78% | 135.43 | +1.18% | -2.22% | +6.00% | +18.38% | 73 |
| EA Electronic Arts Inc | 1.78% | 206.41 | -0.07% | +0.58% | +1.94% | +1.11% | 52 |
| SBUX Starbucks Corp | 1.78% | 106.01 | -0.38% | +1.67% | +8.83% | +26.70% | 84 |
| ORLY O'Reilly Automotive | 1.77% | 86.28 | +1.36% | -4.40% | -3.59% | -5.41% | 21 |
| XEL XCEL Energy Inc | 1.77% | 80.06 | +1.32% | -2.32% | +3.59% | +9.20% | 59 |
| CCEP Coca-Cola Europacific Partners Plc | 1.76% | 105.84 | +0.71% | -0.72% | +9.26% | +16.69% | 88 |
| CTAS Cintas Corp | 1.76% | 179.64 | +1.10% | -0.95% | -0.13% | -4.26% | 38 |
| COST Costco Wholesale | 1.75% | 916.25 | +0.36% | -3.72% | -5.40% | +6.55% | 11 |
| MELI Mercadolibre Inc | 1.75% | 1852.22 | +2.46% | +5.04% | +12.86% | -8.04% | 91 |
| AMGN Amgen Inc | 1.74% | 363.39 | -0.06% | -2.88% | +5.46% | +11.79% | 71 |
| WMT Walmart Inc | 1.73% | 113.90 | +1.51% | +1.84% | -4.19% | +2.44% | 16 |
| HON Honeywell International | 1.72% | 226.42 | +1.34% | -1.50% | +4.97% | +16.64% | 68 |
| WBD Discovery Inc Series A | 1.72% | 26.59 | -0.15% | +0.42% | +0.11% | -7.74% | 41 |
| IDXX Idexx Laboratories | 1.71% | 563.57 | +0.89% | +1.03% | -2.65% | -16.70% | 27 |
| ALNY Alnylam Pharmaceuticals | 1.70% | 298.76 | -4.49% | -4.48% | +0.36% | -24.87% | 43 |
| BKNG Booking Holdings | 1.70% | 178.39 | +1.64% | -3.34% | +8.78% | — | 82 |
| PYPL Paypal Holdings | 1.70% | 46.32 | +2.21% | +1.87% | +11.72% | -20.42% | 89 |
| VRTX Vertex Pharmaceutic | 1.70% | 485.39 | -2.24% | -8.08% | +8.89% | +7.07% | 86 |
| EXC Exelon Corp | 1.68% | 46.80 | +0.91% | -2.26% | +3.24% | +8.28% | 57 |
| PEP Pepsico Inc | 1.66% | 137.38 | -0.35% | -4.74% | -3.78% | -3.42% | 20 |
| GILD Gilead Sciences Inc | 1.65% | 129.83 | -3.72% | -1.10% | +4.13% | +6.38% | 63 |
| CEG Constellation Energy Corp | 1.64% | 251.38 | +0.26% | +5.07% | -0.11% | -28.75% | 39 |
| CPRT Copart Inc | 1.64% | 27.52 | -2.88% | -8.31% | -12.12% | -29.72% | 0 |
| GEHC GE Healthcare Technologies | 1.60% | 64.70 | +0.00% | -1.32% | -1.98% | -21.05% | 32 |
| VRSK Verisk Analytics Inc | 1.56% | 185.39 | -0.87% | -1.57% | +1.83% | -16.91% | 50 |
| NFLX Netflix Inc | 1.55% | 73.37 | -2.78% | -5.51% | -9.88% | -21.75% | 2 |
| ISRG Intuitive Surg Inc | 1.53% | 406.78 | -1.16% | -4.51% | -4.65% | -28.18% | 13 |
| REGN Regeneron Pharmaceuticals | 1.50% | 664.52 | -0.51% | +1.57% | +7.85% | -13.80% | 79 |
| TMUS T-Mobile US | 1.49% | 187.61 | +3.38% | +5.68% | +4.54% | -7.16% | 66 |
| CMCSA Comcast Corp A | 1.41% | 23.57 | +0.94% | -0.92% | -1.17% | -13.88% | 34 |
| INSM Insmed Inc | 1.35% | 115.61 | -2.24% | +3.59% | +16.73% | -33.57% | 96 |
| LITE Lumentum Holdings | 1.30% | 802.01 | +2.07% | +10.12% | -2.40% | +117.59% | 29 |
| CHTR Charter Communications | 1.06% | 130.73 | -2.69% | -4.72% | -3.43% | -37.37% | 23 |
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.