Constituent dispersion · breadth vs the index
QTEC — First Trust Nasdaq-100 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 | -2.43% | +0.33 | +11pp | +3.89pp | Improving |
| 1 month | -5.40% | -1.71 | +14pp | +10.09pp | Confirming ↓ |
| 1 quarter | +43.76% | +5.62 | +3pp | -1.11pp | Confirming ↑ |
Over the last 126 sessions: price up +36.82%, breadth up (+5.07/name) · % beating 53→47 · median−ETF +0.29pp→-2.92pp.
Stocks above their moving average — participation breadth
Of the 45 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 45 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 (29%) | 19 (42%) | -6 |
| 1-Month | 4 (9%) | 8 (18%) | -4 |
| 3-Month | 1 (2%) | 0 (0%) | +1 |
| 6-Month | 0 (0%) | 0 (0%) | +0 |
| 52-Week | 0 (0%) | 0 (0%) | +0 |
| YTD | 0 (0%) | 0 (0%) | +0 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -3.41% | -1.78% | +1.63pp | 14 / 31 | 29 / 16 | 6 of 45 | ±4.92% |
| 5d | -2.43% | +2.71% | +5.15pp | 23 / 21 | 24 / 20 | 1 of 44 | ±12.61% |
| 21d | -5.40% | -7.44% | -2.05pp | 13 / 31 | 21 / 23 | 1 of 44 | ±12.44% |
| YTD | +36.82% | +13.63% | -23.19pp | 26 / 17 | 17 / 26 | 0 of 43 | ±123.42% |
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)
- MSTR+7.90%+0.11pp
- AAPL+4.84%+0.09pp
- TRI+5.06%+0.07pp
- ADBE+4.14%+0.07pp
- WDAY+3.94%+0.06pp
- MRVL-9.84%-0.54pp
- SNDK-14.13%-0.37pp
- STX-10.38%-0.36pp
- ARM-6.58%-0.3pp
- WDC-9.92%-0.3pp
This month (21d)
- AMAT+23.06%+0.49pp
- INTC+11.51%+0.45pp
- PANW+17.12%+0.45pp
- DASH+22.34%+0.35pp
- KLAC+15.17%+0.33pp
- ARM-21.71%-0.98pp
- MRVL-15.65%-0.85pp
- QCOM-26.55%-0.75pp
- AVGO-25.15%-0.52pp
- MPWR-20.73%-0.49pp
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)
- AMAT+23.06%
- DASH+22.34%
- PANW+17.12%
- KLAC+15.17%
- INTC+11.51%
- QCOM-26.55%
- MSTR-25.95%
- AVGO-25.15%
- CTSH-23.85%
- ARM-21.71%
QTEC — constituent leadership race
$100 in each covered QTEC 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 — 45 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| MRVL Marvell Technology Inc | 5.46% | 245.29 | -9.84% | -12.79% | -15.65% | +189.00% | 16 |
| ARM Arm Holdings Plc ADR | 4.51% | 315.28 | -6.58% | -9.33% | -21.71% | +188.43% | 9 |
| AMD Adv Micro Devices | 3.94% | 517.82 | -4.26% | -2.77% | -0.71% | +141.79% | 64 |
| INTC Intel Corp | 3.87% | 120.35 | -5.25% | -9.42% | +11.51% | +226.15% | 89 |
| MU Micron Technology | 3.57% | 975.56 | -5.49% | -19.61% | -8.32% | +241.95% | 48 |
| STX Seagate Technology Holdings | 3.42% | 820.16 | -10.38% | -20.01% | -11.49% | +198.34% | 39 |
| WDC Western Digital Corp | 2.98% | 539.00 | -9.92% | -20.19% | -4.25% | +213.03% | 55 |
| DDOG Datadog Inc Cl A | 2.95% | 260.36 | -1.56% | +17.84% | -3.26% | +91.46% | 57 |
| QCOM Qualcomm Inc | 2.83% | 176.25 | -3.12% | -13.98% | -26.55% | +3.70% | 0 |
| FTNT Fortinet Inc | 2.79% | 156.25 | -1.72% | +4.22% | +4.96% | +96.76% | 82 |
| CRWD Crowdstrike Holdings | 2.67% | 193.98 | +0.41% | — | — | — | — |
| SNDK Sandisk Corp | 2.63% | 1745.00 | -14.13% | -25.27% | +1.67% | +635.11% | 70 |
| PANW Palo Alto Networks | 2.60% | 348.06 | -1.13% | +18.76% | +17.12% | +88.96% | 93 |
| NXPI Nxp Semiconductors | 2.55% | 273.36 | -2.08% | -8.47% | -15.53% | +26.59% | 18 |
| TXN Texas Instruments | 2.47% | 293.08 | -1.79% | -6.01% | -4.88% | +70.03% | 52 |
| MPWR Monolithic Power Sys | 2.35% | 1288.16 | -3.27% | -10.30% | -20.73% | +42.41% | 11 |
| MCHP Microchip Technology | 2.32% | 84.64 | -4.57% | -10.07% | -12.71% | +33.61% | 30 |
| LRCX Lam Research Corp | 2.23% | 351.41 | -10.19% | -12.55% | +5.08% | +105.53% | 84 |
| CDNS Cadence Design Sys | 2.20% | 373.14 | -1.22% | +1.33% | -10.39% | +19.37% | 43 |
| KLAC K L A-Tencor Corp | 2.16% | 235.55 | -11.51% | -8.98% | +15.17% | — | 91 |
| AMAT Applied Materials | 2.13% | 603.04 | -7.35% | -9.72% | +23.06% | +134.95% | 98 |
| ADI Analog Devices | 2.10% | 377.16 | -3.04% | -9.76% | -10.88% | +39.51% | 41 |
| AVGO Broadcom Ltd | 2.05% | 360.45 | -2.41% | -4.87% | -25.15% | +4.36% | 5 |
| ASML ASML Holdings NY Reg ADR | 2.02% | 1769.32 | -4.00% | -3.90% | +3.75% | +65.96% | 80 |
| NVDA Nvidia Corp | 1.92% | 194.83 | -1.39% | -0.46% | -12.46% | +4.47% | 32 |
| APP Applovin Corp Cl A | 1.92% | 527.06 | -6.65% | +18.19% | -12.97% | -21.78% | 27 |
| AAPL Apple Inc | 1.90% | 308.63 | +4.84% | +12.17% | -2.08% | +13.63% | 61 |
| SNPS Synopsys Inc | 1.78% | 437.16 | -3.82% | -3.93% | -14.00% | -6.93% | 25 |
| MSFT Microsoft Corp | 1.70% | 390.49 | +1.62% | +10.67% | -11.52% | -19.07% | 36 |
| WDAY Workday Inc | 1.65% | 135.40 | +3.94% | +19.01% | -9.05% | -36.96% | 45 |
| META META Platforms Inc | 1.60% | 582.90 | -4.90% | +7.37% | -2.46% | -11.62% | 59 |
| ADBE Adobe Systems Inc | 1.58% | 219.72 | +4.14% | +13.60% | -16.17% | -37.22% | 14 |
| DASH Doordash Inc Cl A | 1.55% | 192.01 | +1.66% | +8.54% | +22.34% | -15.22% | 95 |
| SHOP Shopify Inc | 1.51% | 119.46 | -1.78% | +7.02% | +2.09% | -25.79% | 73 |
| MSTR Strategy Inc | 1.45% | 100.77 | +7.90% | +18.09% | -25.95% | -33.68% | 2 |
| ADSK Autodesk Inc | 1.43% | 207.48 | +3.86% | +9.36% | -12.33% | -29.91% | 34 |
| PLTR Palantir Technologies Cl A | 1.43% | 129.30 | +2.84% | +20.54% | -15.03% | -27.26% | 20 |
| ROP Roper Industries | 1.42% | 364.20 | +2.68% | +9.56% | +8.23% | -17.81% | 86 |
| TRI Thomson Reuters Corp | 1.37% | 89.21 | +5.06% | +10.12% | +3.34% | -30.85% | 77 |
| PDD Pdd Holdings Inc | 1.35% | 82.39 | -0.16% | +12.40% | -6.57% | -27.34% | 50 |
| ZS Zscaler Inc | 1.35% | 147.33 | +0.60% | +19.01% | +2.21% | -34.50% | 75 |
| CTSH Cognizant Tech Sol | 1.31% | 41.99 | +2.24% | +7.25% | -23.85% | -49.15% | 7 |
| INTU Intuit Inc | 1.01% | 275.35 | +3.10% | +7.95% | -14.52% | -58.23% | 23 |
| GOOGL Alphabet Cl A | 0.94% | 359.91 | -0.36% | +4.71% | -0.48% | +15.07% | 68 |
| GOOG Alphabet Cl C | 0.94% | 356.18 | -0.48% | +4.09% | -0.56% | +13.59% | 66 |
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.