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 | +4.22% | +0.95 | -7pp | -0.66pp | Confirming ↑ |
| 1 month | +2.47% | +0.92 | +5pp | +1.96pp | Confirming ↑ |
| 1 quarter | -4.85% | -1.1 | +5pp | +3.68pp | Confirming ↓ |
Over the last 126 sessions: price up +41.46%, breadth up (+3.05/name) · % beating 48→45 · median−ETF -0.35pp→-0.37pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.01% | -0.41% | -0.42pp | 22 / 39 | 22 / 40 | 24 of 62 | ±2.34% |
| 5d | +4.21% | +3.26% | -0.95pp | 42 / 20 | 30 / 32 | 3 of 62 | ±7.06% |
| 21d | +2.47% | +2.10% | -0.37pp | 37 / 25 | 28 / 34 | 7 of 62 | ±11.25% |
| YTD | +39.32% | +17.91% | -21.41pp | 45 / 16 | 25 / 36 | 0 of 61 | ±69.69% |
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)
- INTC+3.91%+0.1pp
- IONQ+5.74%+0.06pp
- AMD+2.38%+0.05pp
- CDNS+4.18%+0.04pp
- CRWV+3.72%+0.04pp
- ARM-7.88%-0.18pp
- TSEM-5.74%-0.1pp
- COHR-3.32%-0.06pp
- STM-1.68%-0.04pp
- NOK-1.88%-0.04pp
This month (21d)
- INTC+45.62%+1.2pp
- AMD+31.32%+0.62pp
- ARM+26.82%+0.62pp
- ALAB+27.55%+0.53pp
- MU+15.82%+0.5pp
- BTQ-18.18%-0.1pp
- RTX-10.31%-0.09pp
- MKSI-4.62%-0.08pp
- WIT-12.77%-0.08pp
- QBTS-9.66%-0.07pp
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)
- INTC+45.62%
- AMD+31.32%
- NET+29.27%
- ALAB+27.55%
- ARM+26.82%
- BTQ-18.18%
- WIT-12.77%
- RTX-10.31%
- QBTS-9.66%
- BABA-7.38%
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% | 1080.53 | +0.81% | +10.54% | +15.82% | +278.75% | 87 |
| INTC Intel Corp | 2.62% | 127.39 | +3.91% | +17.09% | +45.62% | +245.23% | 98 |
| MRVL Marvell Technology Inc | 2.59% | 258.95 | -0.75% | +7.56% | +7.73% | +205.09% | 76 |
| STM Stmicroelectronics N.V. ADR | 2.52% | 51.58 | -1.68% | +6.30% | +4.29% | +99.41% | 63 |
| ARM Arm Holdings Plc ADR | 2.30% | 306.34 | -7.88% | +15.64% | +26.82% | +180.25% | 92 |
| NOK Nokia Corp ADR | 2.04% | 10.43 | -1.88% | -1.60% | +0.77% | +62.36% | 40 |
| AMD Adv Micro Devices | 1.98% | 629.26 | +2.38% | +15.44% | +31.32% | +193.83% | 97 |
| ALAB Astera Labs Inc | 1.91% | 360.51 | +0.01% | +22.81% | +27.55% | +116.70% | 94 |
| LRCX Lam Research Corp | 1.87% | 307.16 | -0.04% | +14.18% | -2.38% | +79.78% | 27 |
| MKSI Mks Inc | 1.82% | 257.98 | -1.80% | +7.39% | -4.62% | +61.60% | 16 |
| ON On Semiconductor | 1.82% | 73.15 | -1.28% | +7.10% | +0.88% | +35.09% | 44 |
| TSEM Tower Semiconductor | 1.78% | 217.28 | -5.74% | -0.89% | +2.15% | +85.05% | 50 |
| AMAT Applied Materials | 1.77% | 474.25 | -0.03% | +13.62% | -1.21% | +84.77% | 35 |
| COHR Coherent Corp | 1.77% | 290.61 | -3.32% | -1.81% | +0.86% | +57.45% | 42 |
| KLAC K L A-Tencor Corp | 1.76% | 187.11 | -0.40% | +10.73% | +2.06% | +54.56% | 48 |
| TER Teradyne Inc | 1.69% | 387.70 | -0.37% | +9.79% | +5.85% | +100.38% | 69 |
| ONTO Onto Innovation Inc | 1.65% | 279.73 | -0.91% | +11.88% | -4.08% | +77.20% | 18 |
| HPE Hewlett Packard Enterprise | 1.63% | 62.46 | +0.21% | +2.33% | +16.88% | +161.71% | 89 |
| LSCC Lattice Semicond | 1.58% | 122.22 | +0.46% | +12.61% | +5.27% | +66.10% | 65 |
| ASML ASML Holdings NY Reg ADR | 1.42% | 1722.50 | -1.27% | +5.70% | -1.24% | +61.57% | 34 |
| TXN Texas Instruments | 1.42% | 270.65 | -0.72% | +4.85% | +4.08% | +57.02% | 61 |
| NVEC Nve Corp | 1.38% | 106.65 | -1.99% | +6.07% | -0.18% | — | 37 |
| CSCO Cisco Systems Inc | 1.29% | 106.97 | +0.51% | -2.97% | -3.73% | +40.37% | 19 |
| ADI Analog Devices | 1.27% | 382.61 | -0.68% | +5.50% | +2.71% | +41.52% | 55 |
| MCHP Microchip Technology | 1.20% | 74.69 | -1.11% | +5.46% | +1.62% | +17.91% | 47 |
| TSM Taiwan Semiconductor ADR | 1.17% | 451.15 | +1.03% | +4.86% | +8.08% | +48.79% | 77 |
| NXPI Nxp Semiconductors | 1.13% | 230.16 | -2.24% | +0.97% | +2.41% | +6.59% | 53 |
| CRUS Cirrus Logic Inc | 1.11% | 118.80 | -1.37% | -1.30% | +6.61% | +0.25% | 71 |
| LMT Lockheed Martin Corp | 0.99% | 523.70 | -0.19% | -2.67% | -5.32% | +8.85% | 13 |
| QCOM Qualcomm Inc | 0.99% | 194.26 | -1.51% | +2.94% | +21.65% | +14.30% | 90 |
| CRWV Coreweave Inc Cl A | 0.98% | 90.13 | +3.72% | +12.83% | +2.37% | +25.86% | 52 |
| HON Honeywell International | 0.98% | 211.79 | -0.37% | +2.57% | -1.80% | +4.91% | 29 |
| CDNS Cadence Design Sys | 0.97% | 322.00 | +4.18% | +14.69% | -2.98% | +3.01% | 24 |
| GOOGL Alphabet Cl A | 0.96% | 342.36 | +1.34% | -1.43% | -1.26% | +9.46% | 32 |
| IONQ Ionq Inc | 0.96% | 44.98 | +5.74% | +11.50% | +6.97% | +0.25% | 73 |
| NVDA Nvidia Corp | 0.96% | 224.58 | -0.41% | +2.39% | +5.41% | +20.57% | 68 |
| NET Cloudflare Inc Cl A | 0.92% | 358.82 | +1.84% | +7.45% | +29.27% | +82.00% | 95 |
| SNOW Snowflake Inc Cl A | 0.92% | 334.00 | -0.24% | -1.30% | +5.36% | +52.26% | 66 |
| RTX Rtx Corp | 0.90% | 188.61 | -1.86% | -2.55% | -10.31% | +3.18% | 3 |
| TDC Teradata Corp | 0.89% | 29.46 | +0.86% | +0.65% | +7.64% | -3.22% | 74 |
| NTNX Nutanix Inc | 0.88% | 68.59 | -1.56% | -1.97% | +3.24% | +32.69% | 56 |
| NOC Northrop Grumman Corp | 0.85% | 508.98 | -1.06% | -2.87% | -5.76% | -10.45% | 10 |
| SNPS Synopsys Inc | 0.82% | 424.91 | +2.87% | +11.48% | +3.94% | -9.54% | 58 |
| BIDU Baidu Inc ADR | 0.79% | 88.08 | -1.89% | -2.17% | -5.73% | -32.59% | 11 |
| AVGO Broadcom Ltd | 0.79% | 350.36 | -1.30% | +1.06% | -1.79% | +1.44% | 31 |
| QBTS D-Wave Quantum Inc | 0.75% | 17.48 | +3.99% | -1.19% | -9.66% | -33.15% | 5 |
| IBM Intl Business Machines | 0.75% | 227.06 | -2.45% | -4.50% | -3.04% | -22.91% | 23 |
| BAH Booz Allen Hamilton Holding Corp | 0.71% | 73.82 | -2.42% | -6.43% | -0.01% | -11.83% | 39 |
| ORCL Oracle Corp | 0.71% | 139.54 | -3.47% | -7.34% | -3.61% | -27.97% | 21 |
| MSFT Microsoft Corp | 0.70% | 497.93 | -0.53% | +0.04% | +1.26% | +3.19% | 45 |
| MDB Mongodb Inc Cl A | 0.69% | 421.40 | -1.62% | +7.11% | +4.07% | +0.41% | 60 |
| RGTI Rigetti Computing Inc | 0.69% | 16.50 | +3.09% | +3.19% | -2.60% | -25.51% | 26 |
| QUBT Quantum Computing Inc | 0.68% | 9.16 | +0.44% | +8.53% | +8.27% | -10.72% | 79 |
| ESTC Elastic N.V. | 0.66% | 91.28 | +0.00% | +2.60% | +13.53% | +21.00% | 84 |
| WIT Wipro Ltd ADR | 0.65% | 1.64 | -2.96% | -2.38% | -12.77% | -40.76% | 2 |
| RDNT Radnet Inc | 0.63% | 71.31 | -2.60% | -8.32% | -7.22% | -0.06% | 8 |
| BABA Alibaba Group Holding ADR | 0.61% | 110.63 | -0.15% | +1.93% | -7.38% | -24.53% | 6 |
| PLTR Palantir Technologies Cl A | 0.58% | 192.59 | +0.42% | +9.28% | +11.50% | +8.35% | 81 |
| BTQ Btq Technologies Corp | 0.54% | 2.79 | +2.20% | +3.33% | -18.18% | -45.51% | 0 |
| CRM Salesforce Inc | 0.54% | 238.22 | +0.27% | -1.91% | +15.82% | -9.85% | 85 |
| ACN Accenture Plc | 0.54% | 177.41 | -3.33% | -6.77% | -5.09% | -32.93% | 15 |
| ARQQ Arqit Quantum Inc | 0.40% | 23.12 | +2.57% | +18.44% | +13.22% | +5.67% | 82 |
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 2026-09-24: over 21 sessions the fund returned +2.47% while its median constituent returned +2.10% — a dispersion of 11.25 pp; 45% of 62 members beat the fund. Broad advance - breadth is rising with price.
How did QTUM's members trade in the last session?
As of 2026-09-24: fund +0.01%, median member -0.41%, 22 advancers vs 39 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 Closelook lake.
Is this investment advice?
No — a data surface in an investment research diary. It describes breadth inside a fund; it makes no recommendation.