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 | +3.18% | +0.24 | -11pp | -2.80pp | Confirming ↑ |
| 1 month | +7.45% | +0.6 | -22pp | -6.81pp | Confirming ↑ |
| 1 quarter | +11.00% | +0.6 | +0pp | +2.27pp | Confirming ↑ |
Over the last 126 sessions: price up +43.97%, breadth up (+6.02/name) · % beating 47→40 · median−ETF -0.40pp→-2.50pp.
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 2026-08-14.
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 | 10 (22%) | 5 (11%) | +5 |
| 1-Month | 4 (9%) | 0 (0%) | +4 |
| 3-Month | 1 (2%) | 0 (0%) | +1 |
| 6-Month | 1 (2%) | 0 (0%) | +1 |
| 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 | -0.13% | -0.12% | +0.02pp | 20 / 25 | 24 / 21 | 15 of 45 | ±2.92% |
| 5d | +3.18% | +0.54% | -2.64pp | 26 / 19 | 12 / 33 | 1 of 45 | ±7.88% |
| 21d | +7.45% | +4.95% | -2.50pp | 29 / 16 | 18 / 27 | 3 of 45 | ±13.37% |
| YTD | +41.90% | +11.61% | -30.28pp | 27 / 17 | 18 / 26 | 0 of 44 | ±113.1% |
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)
- AMD+6.50%+0.26pp
- SNDK+7.39%+0.19pp
- STX+5.65%+0.19pp
- WDC+4.41%+0.13pp
- MU+2.30%+0.08pp
- AVGO-5.94%-0.12pp
- AMAT-5.12%-0.11pp
- CRWD-3.80%-0.1pp
- FTNT-3.28%-0.09pp
- PANW-2.96%-0.08pp
This month (21d)
- STX+30.58%+1.05pp
- MRVL+17.91%+0.98pp
- WDAY+36.62%+0.6pp
- MU+13.88%+0.5pp
- SNDK+16.30%+0.43pp
- APP-27.40%-0.53pp
- NXPI-13.28%-0.34pp
- CDNS-10.92%-0.24pp
- AMAT-9.58%-0.2pp
- META-11.24%-0.18pp
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)
- WDAY+36.62%
- CTSH+31.93%
- STX+30.58%
- PLTR+29.46%
- ZS+25.38%
- APP-27.40%
- NXPI-13.28%
- META-11.24%
- CDNS-10.92%
- AMAT-9.58%
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% | 222.02 | -0.07% | +1.51% | +17.91% | +161.58% | 82 |
| ARM Arm Holdings Plc ADR | 4.51% | 279.44 | +0.28% | -1.11% | +6.65% | +155.64% | 56 |
| AMD Adv Micro Devices | 3.94% | 514.39 | +6.50% | +6.42% | +2.68% | +140.19% | 40 |
| INTC Intel Corp | 3.87% | 102.50 | -1.97% | +0.84% | +5.69% | +177.78% | 51 |
| MU Micron Technology | 3.57% | 971.66 | +2.30% | +10.72% | +13.88% | +240.59% | 71 |
| STX Seagate Technology Holdings | 3.42% | 973.44 | +5.65% | +19.77% | +30.58% | +254.09% | 93 |
| WDC Western Digital Corp | 2.98% | 508.80 | +4.41% | +17.15% | +9.00% | +195.49% | 64 |
| DDOG Datadog Inc Cl A | 2.95% | 255.46 | +1.28% | +9.20% | -2.62% | +87.85% | 24 |
| QCOM Qualcomm Inc | 2.83% | 165.79 | +0.61% | -1.23% | -2.83% | -2.45% | 22 |
| FTNT Fortinet Inc | 2.79% | 160.01 | -3.28% | +0.23% | -0.48% | +101.50% | 33 |
| CRWD Crowdstrike Holdings | 2.67% | 216.95 | -3.80% | +1.18% | +6.47% | +85.13% | 53 |
| SNDK Sandisk Corp | 2.63% | 1641.11 | +7.39% | +35.38% | +16.30% | +591.34% | 76 |
| PANW Palo Alto Networks | 2.60% | 384.27 | -2.96% | +5.61% | +8.55% | +108.62% | 60 |
| NXPI Nxp Semiconductors | 2.55% | 234.71 | +1.21% | -2.09% | -13.28% | +8.69% | 2 |
| TXN Texas Instruments | 2.47% | 279.58 | +2.25% | -2.27% | -4.00% | +62.20% | 16 |
| MPWR Monolithic Power Sys | 2.35% | 1402.01 | +2.90% | +0.03% | +7.38% | +55.00% | 58 |
| MCHP Microchip Technology | 2.32% | 79.17 | +1.91% | -6.52% | -3.07% | +24.98% | 18 |
| LRCX Lam Research Corp | 2.23% | 332.36 | -1.38% | +6.75% | +3.55% | +94.53% | 44 |
| CDNS Cadence Design Sys | 2.20% | 324.82 | +0.32% | -4.25% | -10.92% | +3.92% | 7 |
| KLAC K L A-Tencor Corp | 2.16% | 203.72 | -2.70% | +2.83% | -7.13% | — | 13 |
| AMAT Applied Materials | 2.13% | 507.18 | -5.12% | -5.93% | -9.58% | +97.60% | 9 |
| ADI Analog Devices | 2.10% | 389.39 | +2.16% | -0.14% | +2.33% | +44.03% | 38 |
| AVGO Broadcom Ltd | 2.05% | 392.99 | -5.94% | -8.13% | +4.95% | +13.79% | 49 |
| ASML ASML Holdings NY Reg ADR | 2.02% | 1844.08 | -0.21% | +5.92% | +3.32% | +72.97% | 42 |
| NVDA Nvidia Corp | 1.92% | 225.16 | -0.06% | +0.54% | +8.56% | +20.88% | 62 |
| APP Applovin Corp Cl A | 1.92% | 315.44 | +0.89% | -9.04% | -27.40% | -53.19% | 0 |
| AAPL Apple Inc | 1.90% | 305.93 | +0.22% | -2.28% | -8.20% | +12.64% | 11 |
| SNPS Synopsys Inc | 1.78% | 421.50 | +2.37% | +1.32% | +1.07% | -10.27% | 36 |
| MSFT Microsoft Corp | 1.70% | 495.40 | -0.30% | -0.92% | +23.51% | +2.67% | 87 |
| WDAY Workday Inc | 1.65% | 198.68 | -3.76% | +10.60% | +36.62% | -7.50% | 98 |
| META META Platforms Inc | 1.60% | 589.85 | -0.86% | -0.38% | -11.24% | -10.56% | 4 |
| ADBE Adobe Systems Inc | 1.58% | 264.02 | -2.39% | -0.45% | +12.20% | -24.56% | 69 |
| DASH Doordash Inc Cl A | 1.55% | 217.02 | +0.35% | +0.35% | +16.45% | -4.18% | 78 |
| SHOP Shopify Inc | 1.51% | 154.32 | -2.66% | +1.81% | +23.40% | -4.13% | 84 |
| MSTR Strategy Inc | 1.45% | 93.04 | -4.18% | -6.97% | -1.05% | -38.77% | 31 |
| ADSK Autodesk Inc | 1.43% | 251.66 | -2.44% | +1.04% | +15.94% | -14.98% | 73 |
| PLTR Palantir Technologies Cl A | 1.43% | 174.04 | -2.78% | +1.18% | +29.46% | -2.09% | 91 |
| ROP Roper Industries | 1.42% | 399.34 | +0.46% | -0.72% | +9.65% | -9.88% | 67 |
| TRI Thomson Reuters Corp | 1.37% | 103.61 | -2.32% | +1.75% | +4.85% | -19.69% | 47 |
| PDD Pdd Holdings Inc | 1.35% | 84.79 | +0.74% | -7.60% | -2.18% | -25.22% | 29 |
| ZS Zscaler Inc | 1.35% | 183.60 | -2.43% | +8.85% | +25.38% | -18.37% | 89 |
| CTSH Cognizant Tech Sol | 1.31% | 58.79 | -0.84% | +1.94% | +31.93% | -28.81% | 96 |
| INTU Intuit Inc | 1.01% | 345.66 | -3.53% | +6.28% | +17.26% | -47.56% | 80 |
| GOOGL Alphabet Cl A | 0.94% | 345.90 | -0.13% | -2.37% | -2.41% | +10.59% | 27 |
| GOOG Alphabet Cl C | 0.94% | 343.54 | -0.12% | -2.81% | -2.90% | +9.55% | 20 |
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.