Constituent dispersion · breadth vs the index
QTUM — Defiance Quantum
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 | -9.26% | -1.37 | -4pp | -0.56pp | Confirming ↓ |
| 1 month | -17.05% | -2.03 | -4pp | -0.94pp | Confirming ↓ |
| 1 quarter | -12.52% | -1.35 | +1pp | +0.24pp | Confirming ↓ |
Over the last 126 sessions: price down -7.50%, breadth down (-3.02/name) · % beating 39→51 · median−ETF -4.49pp→+0.16pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -1.23% | -1.93% | -0.70pp | 24 / 37 | 27 / 35 | 10 of 62 | ±4.13% |
| 5d | -9.26% | -7.28% | +1.98pp | 15 / 47 | 33 / 29 | 4 of 62 | ±10.13% |
| 21d | -17.05% | -16.62% | +0.43pp | 14 / 48 | 32 / 30 | 4 of 62 | ±20.51% |
| YTD | +19.29% | +15.19% | -4.10pp | 40 / 21 | 27 / 34 | 2 of 61 | ±43.72% |
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)
- RDNT+9.67%+0.06pp
- QCOM+5.33%+0.05pp
- MSFT+6.68%+0.05pp
- ORCL+5.85%+0.04pp
- CRUS+3.27%+0.04pp
- MU-7.00%-0.22pp
- MRVL-7.08%-0.18pp
- TSEM-8.75%-0.16pp
- STM-6.06%-0.15pp
- ONTO-8.68%-0.14pp
This month (21d)
- BAH+29.59%+0.21pp
- ACN+37.74%+0.2pp
- WIT+28.57%+0.19pp
- LMT+16.65%+0.16pp
- TDC+16.85%+0.15pp
- INTC-48.20%-1.26pp
- MRVL-44.31%-1.15pp
- ARM-36.61%-0.84pp
- ALAB-42.72%-0.82pp
- MU-23.93%-0.76pp
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)
- ACN+37.74%
- BAH+29.59%
- WIT+28.57%
- TDC+16.85%
- LMT+16.65%
- INTC-48.20%
- CRWV-47.21%
- MRVL-44.31%
- ALAB-42.72%
- TSEM-42.42%
QTUM — constituent leadership race
$100 in each covered QTUM 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 — 62 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| MU Micron Technology | 3.19% | 795.23 | -7.00% | -19.12% | -23.93% | +178.74% | 37 |
| INTC Intel Corp | 2.62% | 58.27 | -3.77% | -39.00% | -48.20% | +57.91% | 0 |
| MRVL Marvell Technology Inc | 2.59% | 159.80 | -7.08% | -36.50% | -44.31% | +88.27% | 3 |
| STM Stmicroelectronics N.V. ADR | 2.52% | 45.60 | -6.06% | -6.02% | -22.34% | +76.29% | 39 |
| ARM Arm Holdings Plc ADR | 2.30% | 191.80 | -5.28% | -18.69% | -36.61% | +75.46% | 16 |
| NOK Nokia Corp ADR | 2.04% | 8.26 | -2.59% | -10.41% | -24.70% | +28.58% | 34 |
| AMD Adv Micro Devices | 1.98% | 488.78 | +1.01% | -15.50% | -24.74% | +128.23% | 32 |
| ALAB Astera Labs Inc | 1.91% | 223.27 | -4.43% | -24.88% | -42.72% | +34.21% | 5 |
| LRCX Lam Research Corp | 1.87% | 221.43 | -4.03% | -12.76% | -33.68% | +29.60% | 19 |
| MKSI Mks Inc | 1.82% | 194.95 | -4.99% | -10.67% | -30.72% | +22.11% | 24 |
| ON On Semiconductor | 1.82% | 71.24 | -1.87% | -5.80% | -17.46% | +31.56% | 47 |
| TSEM Tower Semiconductor | 1.78% | 148.80 | -8.75% | -23.11% | -42.42% | +26.72% | 6 |
| AMAT Applied Materials | 1.77% | 369.40 | -3.28% | -11.20% | -30.34% | +43.92% | 26 |
| COHR Coherent Corp | 1.77% | 195.09 | -5.98% | -18.57% | -42.34% | +5.70% | 8 |
| KLAC K L A-Tencor Corp | 1.76% | 149.79 | -4.10% | -5.66% | -24.14% | +23.73% | 35 |
| TER Teradyne Inc | 1.69% | 250.99 | -6.82% | -19.87% | -41.67% | +29.72% | 10 |
| ONTO Onto Innovation Inc | 1.65% | 184.82 | -8.68% | -17.37% | -41.09% | +17.08% | 11 |
| HPE Hewlett Packard Enterprise | 1.63% | 50.09 | -5.67% | -16.97% | -28.93% | +109.88% | 27 |
| LSCC Lattice Semicond | 1.58% | 107.25 | +1.26% | +2.96% | -20.24% | +45.76% | 40 |
| ASML ASML Holdings NY Reg ADR | 1.42% | 1496.30 | -3.60% | -10.02% | -18.42% | +40.35% | 42 |
| TXN Texas Instruments | 1.42% | 311.49 | -0.32% | +1.03% | +4.80% | +80.72% | 79 |
| NVEC Nve Corp | 1.38% | 78.79 | -1.99% | -3.10% | -32.39% | — | 21 |
| CSCO Cisco Systems Inc | 1.29% | 103.61 | +0.62% | -6.06% | -12.15% | +35.96% | 56 |
| ADI Analog Devices | 1.27% | 406.24 | -3.23% | -5.14% | -3.40% | +50.26% | 74 |
| MCHP Microchip Technology | 1.20% | 75.34 | -3.29% | -5.39% | -7.29% | +18.93% | 68 |
| TSM Taiwan Semiconductor ADR | 1.17% | 395.75 | -2.24% | -9.96% | -17.95% | +30.52% | 45 |
| NXPI Nxp Semiconductors | 1.13% | 265.01 | +0.84% | +5.29% | +8.44% | +22.72% | 85 |
| CRUS Cirrus Logic Inc | 1.11% | 115.99 | +3.27% | +2.57% | -2.42% | -2.12% | 76 |
| LMT Lockheed Martin Corp | 0.99% | 595.04 | -6.88% | -5.51% | +16.65% | +23.67% | 92 |
| QCOM Qualcomm Inc | 0.99% | 173.19 | +5.33% | -5.35% | -4.33% | +1.90% | 71 |
| CRWV Coreweave Inc Cl A | 0.98% | 48.42 | -9.90% | -24.26% | -47.21% | -32.38% | 2 |
| HON Honeywell International | 0.98% | 228.47 | +1.97% | +4.20% | +7.33% | +13.17% | 82 |
| CDNS Cadence Design Sys | 0.97% | 329.52 | +1.78% | -3.78% | -8.35% | +5.42% | 65 |
| GOOGL Alphabet Cl A | 0.96% | 288.93 | +3.18% | -11.07% | -16.90% | -7.63% | 48 |
| IONQ Ionq Inc | 0.96% | 29.54 | -1.50% | -8.91% | -31.76% | -34.17% | 23 |
| NVDA Nvidia Corp | 0.96% | 200.13 | -3.17% | -7.08% | -16.35% | +7.44% | 50 |
| NET Cloudflare Inc Cl A | 0.92% | 266.58 | -2.57% | -16.36% | -24.91% | +35.22% | 31 |
| SNOW Snowflake Inc Cl A | 0.92% | 290.60 | -1.50% | -14.51% | -13.50% | +32.48% | 52 |
| RTX Rtx Corp | 0.90% | 198.43 | -2.64% | +1.32% | +8.26% | +8.55% | 84 |
| TDC Teradata Corp | 0.89% | 34.61 | +2.94% | +0.79% | +16.85% | +13.70% | 94 |
| NTNX Nutanix Inc | 0.88% | 63.70 | -1.52% | -12.34% | -13.23% | +23.23% | 55 |
| NOC Northrop Grumman Corp | 0.85% | 525.35 | -4.53% | -4.96% | +8.74% | -7.57% | 87 |
| SNPS Synopsys Inc | 0.82% | 462.95 | +0.02% | -3.93% | -8.36% | -1.44% | 63 |
| BIDU Baidu Inc ADR | 0.79% | 80.43 | +4.50% | +1.17% | -7.60% | -38.44% | 66 |
| AVGO Broadcom Ltd | 0.79% | 325.48 | -2.00% | -7.48% | -13.39% | -5.76% | 53 |
| QBTS D-Wave Quantum Inc | 0.75% | 10.38 | +0.10% | -11.81% | -34.26% | -60.31% | 18 |
| IBM Intl Business Machines | 0.75% | 254.32 | +1.71% | +0.43% | +14.93% | -13.65% | 90 |
| BAH Booz Allen Hamilton Holding Corp | 0.71% | 88.30 | +1.47% | +5.77% | +29.59% | +5.47% | 97 |
| ORCL Oracle Corp | 0.71% | 126.19 | +5.85% | -3.32% | -11.11% | -34.86% | 58 |
| MSFT Microsoft Corp | 0.70% | 555.80 | +6.68% | +4.67% | +5.01% | +15.19% | 81 |
| MDB Mongodb Inc Cl A | 0.69% | 328.38 | -2.08% | -16.54% | -8.96% | -21.76% | 61 |
| RGTI Rigetti Computing Inc | 0.69% | 11.21 | +1.13% | -9.60% | -26.10% | -49.39% | 29 |
| QUBT Quantum Computing Inc | 0.68% | 6.43 | +0.00% | -6.95% | -18.19% | -37.33% | 44 |
| ESTC Elastic N.V. | 0.66% | 89.68 | -0.87% | -15.86% | -5.20% | +18.88% | 69 |
| WIT Wipro Ltd ADR | 0.65% | 2.16 | +0.47% | +4.85% | +28.57% | -21.98% | 95 |
| RDNT Radnet Inc | 0.63% | 80.26 | +9.67% | +9.14% | +14.20% | +12.49% | 89 |
| BABA Alibaba Group Holding ADR | 0.61% | 105.29 | +4.91% | +4.29% | -3.63% | -28.17% | 73 |
| PLTR Palantir Technologies Cl A | 0.58% | 171.70 | -2.11% | -12.76% | -10.61% | -3.40% | 60 |
| BTQ Btq Technologies Corp | 0.54% | 1.94 | +1.04% | -13.78% | -40.49% | -62.11% | 15 |
| CRM Salesforce Inc | 0.54% | 227.11 | +2.21% | -6.20% | +0.94% | -14.05% | 77 |
| ACN Accenture Plc | 0.54% | 264.27 | +3.81% | +8.57% | +37.74% | -0.09% | 98 |
| ARQQ Arqit Quantum Inc | 0.40% | 13.87 | -7.53% | -24.91% | -40.80% | -36.61% | 13 |
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.
FAQ · from the current data
QTUM dispersion — data Q&A
Is QTUM's move broad or carried by a few names (21 sessions)?
As of 2026-11-04: over 21 sessions the fund returned -17.05% while its median constituent returned -16.62% — a dispersion of 20.51 pp; 52% of 62 members beat the fund. Broad decline - breadth is falling with price.
How did QTUM's members trade in the last session?
As of 2026-11-04: fund -1.23%, median member -1.93%, 24 advancers vs 37 decliners.
What does the dispersion page for QTUM measure?
It splits the fund into its members: the fund's own return against the median constituent, how many members beat the fund, advancers vs decliners, and a cumulative advance/decline line that tends to lead price. A firm fund price with a weak median and a falling A/D line is a narrow, top-heavy tape; a broad move shows the median keeping up. 62 constituents covered, re-baked nightly from the Closelooknet lake.
Is this investment advice?
No — a data surface in an investment research diary. It describes breadth inside a fund; it makes no recommendation.