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 | +1.92% | +0.67 | -5pp | -1.64pp | Confirming ↑ |
| 1 month | +4.59% | +0.4 | +8pp | +3.84pp | Confirming ↑ |
| 1 quarter | +41.29% | +5.29 | +0pp | -1.33pp | Confirming ↑ |
Over the last 126 sessions: price up +35.56%, breadth up (+5.09/name) · % beating 56→44 · median−ETF +0.56pp→-2.81pp.
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 2026-07-10.
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%) | 7 (16%) | +6 |
| 1-Month | 1 (2%) | 0 (0%) | +1 |
| 3-Month | 0 (0%) | 0 (0%) | +0 |
| 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 | -0.20% | -0.28% | -0.09pp | 19 / 26 | 21 / 24 | 23 of 45 | ±2.24% |
| 5d | +1.92% | +1.38% | -0.54pp | 28 / 17 | 19 / 26 | 8 of 45 | ±5.01% |
| 21d | +4.59% | +1.78% | -2.81pp | 25 / 20 | 20 / 25 | 2 of 45 | ±10.34% |
| YTD | +39.46% | +15.95% | -23.50pp | 28 / 16 | 19 / 25 | 1 of 44 | ±130.81% |
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)
- META+5.97%+0.1pp
- SNDK+3.10%+0.08pp
- AMD+2.04%+0.08pp
- STX+2.28%+0.08pp
- NVDA+4.03%+0.08pp
- MRVL-3.04%-0.17pp
- CRWD-5.66%-0.15pp
- DDOG-4.26%-0.13pp
- FTNT-3.80%-0.11pp
- PANW-3.67%-0.1pp
This month (21d)
- AMD+17.32%+0.68pp
- PANW+25.10%+0.65pp
- AMAT+20.69%+0.44pp
- SNDK+16.36%+0.43pp
- CRWD+16.09%+0.43pp
- MRVL-11.64%-0.64pp
- MSTR-19.12%-0.28pp
- MPWR-11.70%-0.27pp
- CTSH-19.59%-0.26pp
- QCOM-7.92%-0.22pp
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)
- PANW+25.10%
- DASH+23.22%
- AMAT+20.69%
- AMD+17.32%
- SNDK+16.36%
- CTSH-19.59%
- MSTR-19.12%
- MPWR-11.70%
- MRVL-11.64%
- QCOM-7.92%
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% | 235.81 | -3.04% | -3.84% | -11.64% | +177.83% | 7 |
| ARM Arm Holdings Plc ADR | 4.51% | 323.39 | -1.37% | +2.57% | -0.45% | +195.85% | 42 |
| AMD Adv Micro Devices | 3.94% | 557.89 | +2.04% | +7.74% | +17.32% | +160.50% | 91 |
| INTC Intel Corp | 3.87% | 109.84 | -2.40% | -8.73% | +1.78% | +197.67% | 49 |
| MU Micron Technology | 3.57% | 979.30 | -1.24% | +0.40% | +4.64% | +243.26% | 56 |
| STX Seagate Technology Holdings | 3.42% | 910.34 | +2.28% | +11.00% | +7.60% | +231.14% | 62 |
| WDC Western Digital Corp | 2.98% | 582.59 | +0.78% | +8.09% | +12.53% | +238.34% | 78 |
| DDOG Datadog Inc Cl A | 2.95% | 257.54 | -4.26% | -1.08% | +13.28% | +89.38% | 80 |
| QCOM Qualcomm Inc | 2.83% | 189.16 | -1.02% | +7.32% | -7.92% | +11.30% | 9 |
| FTNT Fortinet Inc | 2.79% | 157.51 | -3.80% | +0.81% | +13.82% | +98.35% | 82 |
| CRWD Crowdstrike Holdings | 2.67% | 187.18 | -5.66% | -3.51% | +16.09% | +59.72% | 87 |
| SNDK Sandisk Corp | 2.63% | 1915.92 | +3.10% | +9.79% | +16.36% | +707.11% | 89 |
| PANW Palo Alto Networks | 2.60% | 325.91 | -3.67% | -6.36% | +25.10% | +76.93% | 98 |
| NXPI Nxp Semiconductors | 2.55% | 292.26 | +0.59% | +6.91% | -1.73% | +35.34% | 36 |
| TXN Texas Instruments | 2.47% | 311.46 | +0.95% | +6.27% | +7.91% | +80.70% | 64 |
| MPWR Monolithic Power Sys | 2.35% | 1352.74 | -1.56% | +5.01% | -11.70% | +49.55% | 4 |
| MCHP Microchip Technology | 2.32% | 88.59 | +0.37% | +4.67% | -3.15% | +39.85% | 24 |
| LRCX Lam Research Corp | 2.23% | 350.33 | -0.80% | -0.31% | +7.16% | +105.05% | 60 |
| CDNS Cadence Design Sys | 2.20% | 384.17 | -0.46% | +2.96% | -1.72% | +22.90% | 38 |
| KLAC K L A-Tencor Corp | 2.16% | 231.52 | +0.87% | -1.71% | +8.22% | — | 67 |
| AMAT Applied Materials | 2.13% | 602.50 | +2.35% | -0.09% | +20.69% | +134.74% | 93 |
| ADI Analog Devices | 2.10% | 395.65 | +0.51% | +4.90% | -2.22% | +46.35% | 29 |
| AVGO Broadcom Ltd | 2.05% | 399.97 | -0.28% | +10.96% | +1.99% | +15.81% | 51 |
| ASML ASML Holdings NY Reg ADR | 2.02% | 1797.32 | -0.38% | +1.58% | +1.10% | +68.58% | 44 |
| NVDA Nvidia Corp | 1.92% | 210.96 | +4.03% | +8.28% | +1.33% | +13.25% | 47 |
| APP Applovin Corp Cl A | 1.92% | 506.98 | -2.58% | -3.81% | -2.66% | -24.76% | 27 |
| AAPL Apple Inc | 1.90% | 315.32 | -0.28% | +2.17% | +8.53% | +16.09% | 69 |
| SNPS Synopsys Inc | 1.78% | 445.50 | +0.48% | +1.91% | -4.25% | -5.16% | 20 |
| MSFT Microsoft Corp | 1.70% | 385.10 | +0.19% | -1.38% | -4.54% | -20.19% | 18 |
| WDAY Workday Inc | 1.65% | 138.95 | +0.44% | +2.62% | -0.91% | -35.31% | 40 |
| META META Platforms Inc | 1.60% | 669.21 | +5.97% | +14.81% | +14.58% | +1.47% | 84 |
| ADBE Adobe Systems Inc | 1.58% | 223.64 | +0.44% | +1.78% | -5.99% | -36.10% | 16 |
| DASH Doordash Inc Cl A | 1.55% | 191.82 | -0.28% | -0.10% | +23.22% | -15.30% | 96 |
| SHOP Shopify Inc | 1.51% | 122.54 | -0.51% | +2.58% | +10.98% | -23.87% | 76 |
| MSTR Strategy Inc | 1.45% | 94.64 | +0.80% | -6.08% | -19.12% | -37.72% | 2 |
| ADSK Autodesk Inc | 1.43% | 208.45 | -0.06% | +0.47% | -6.98% | -29.58% | 11 |
| PLTR Palantir Technologies Cl A | 1.43% | 126.79 | -1.74% | -1.94% | -4.00% | -28.67% | 22 |
| ROP Roper Industries | 1.42% | 355.90 | -0.01% | -2.03% | +6.12% | -19.68% | 58 |
| TRI Thomson Reuters Corp | 1.37% | 89.65 | +0.95% | +0.49% | +8.90% | -30.51% | 71 |
| PDD Pdd Holdings Inc | 1.35% | 85.13 | -0.87% | +3.33% | +3.91% | -24.92% | 53 |
| ZS Zscaler Inc | 1.35% | 139.27 | -5.34% | -5.47% | +10.67% | -38.08% | 73 |
| CTSH Cognizant Tech Sol | 1.31% | 42.57 | -1.91% | +1.38% | -19.59% | -48.45% | 0 |
| INTU Intuit Inc | 1.01% | 274.96 | +0.58% | +0.30% | -6.41% | -58.29% | 13 |
| GOOGL Alphabet Cl A | 0.94% | 357.18 | -0.48% | -0.76% | -1.94% | +14.20% | 33 |
| GOOG Alphabet Cl C | 0.94% | 355.03 | -0.34% | -0.32% | -2.00% | +13.22% | 31 |
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.
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Dispersion is computed across the constituents we cover in our data lake (see coverage badge). Decision-support, not investment advice.