Constituent dispersion · breadth vs the index

QTUM — Defiance Quantum

62/63 covered · 76% by weight · benchmark: QTUM price · closes through 2026-08-12 ·holdings as of 2026-06-16

Concentration 17.11% in top 5 50.76 effective names · HHI 197
RS vs S&P 500 21d +1.92pp sector return − SPY
RS vs Nasdaq-100 21d +4.11pp sector return − QQQ
Weakening below the surface - the A/D line is falling while price holds up; leadership is narrowing. Last 21 sessions — price +4.67% · A/D -27 (-0.44/name)
QTUM price
Cumulative advance / decline of constituents — rises when more names are up than down; turns before price at inflections

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.

HorizonPriceA/D /name% beating ΔMedian−ETF ΔRead
1 week +4.57% +0.71 +3pp +0.80pp Confirming ↑
1 month +4.67% -0.44 +0pp -0.37pp Weakening
1 quarter +8.94% -0.85 +16pp +3.94pp Weakening

Over the last 126 sessions: price up +31.96%, breadth up (+2.31/name) · % beating 55→55 · median−ETF +1.67pp→+1.13pp.

Dispersion by window

WindowETFMedianMedian − ETF Up / DownBeat / Lag±1% bandDispersion
1d +2.52% +0.93% -1.59pp 38 / 24 20 / 42 12 of 62 ±3.59%
5d +4.57% +2.77% -1.80pp 48 / 14 25 / 37 4 of 62 ±6.46%
21d +4.67% +5.80% +1.13pp 36 / 25 33 / 28 1 of 61 ±14.43%
YTD +43.32% +21.55% -21.78pp 44 / 16 24 / 36 0 of 60 ±58.84%

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)

  • NOK+9.32%+0.19pp
  • CRWV+19.28%+0.19pp
  • MU+4.92%+0.16pp
  • COHR+8.24%+0.15pp
  • HPE+8.11%+0.13pp
  • STM-1.56%-0.04pp
  • TXN-1.65%-0.02pp
  • MCHP-1.95%-0.02pp
  • MSFT-2.26%-0.02pp
  • NXPI-1.26%-0.01pp

This month (21d)

  • CRWV+34.76%+0.34pp
  • HPE+18.62%+0.3pp
  • COHR+14.44%+0.26pp
  • TER+14.02%+0.24pp
  • MSFT+27.93%+0.2pp
  • STM-22.74%-0.57pp
  • MKSI-14.40%-0.26pp
  • NOK-11.79%-0.24pp
  • AMD-11.89%-0.24pp
  • MU-7.31%-0.23pp

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)

  • CRWV+34.76%
  • ACN+33.87%
  • MSFT+27.93%
  • PLTR+27.91%
  • MDB+27.03%
  • STM-22.74%
  • NXPI-17.78%
  • TDC-14.89%
  • MKSI-14.40%
  • CDNS-14.24%

QTUM — constituent leadership race

$100 in each covered QTUM constituent at 2025-12-30, rebased to 100. Watch leadership change hands.

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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% 911.29 +4.92% +2.03% -7.31% +219.43% 25
INTC Intel Corp 2.62% 100.95 +3.32% -0.11% -6.32% +173.58% 26
MRVL Marvell Technology Inc 2.59% 217.08 +2.25% +2.87% -2.41% +155.76% 38
STM Stmicroelectronics N.V. ADR 2.52% 54.18 -1.56% +2.67% -22.74% +109.46% 0
ARM Arm Holdings Plc ADR 2.30% 271.87 +1.09% -0.99% -3.31% +148.71% 34
NOK Nokia Corp ADR 2.04% 10.32 +9.32% +7.72% -11.79% +60.65% 11
AMD Adv Micro Devices 1.98% 482.93 +1.82% +0.18% -11.89% +125.50% 8
ALAB Astera Labs Inc 1.91% 318.80 +2.18% +0.12% -11.88% +91.63% 10
LRCX Lam Research Corp 1.87% 326.11 +4.72% +6.08% -5.78% +90.87% 28
MKSI Mks Inc 1.82% 306.83 +4.23% -2.00% -14.40% +92.19% 5
ON On Semiconductor 1.82% 83.32 +2.72% +8.33% -11.11% +53.87% 15
TSEM Tower Semiconductor 1.78% 260.31 +4.30% +23.29% +1.89% +121.69% 41
AMAT Applied Materials 1.77% 548.15 +4.29% +2.60% -7.98% +113.56% 23
COHR Coherent Corp 1.77% 355.64 +8.24% +8.35% +14.44% +92.69% 69
KLAC K L A-Tencor Corp 1.76% 208.25 +3.88% +8.01% -9.60% 16
TER Teradyne Inc 1.69% 402.74 +6.11% +3.43% +14.02% +108.16% 66
ONTO Onto Innovation Inc 1.65% 337.35 +5.49% +22.23% +5.65% +113.70% 46
HPE Hewlett Packard Enterprise 1.63% 58.79 +8.11% +10.47% +18.62% +146.33% 79
LSCC Lattice Semicond 1.58% 129.27 +2.50% +0.75% -3.47% +75.69% 33
ASML ASML Holdings NY Reg ADR 1.42% 1810.07 +0.59% +7.86% +1.94% +69.78% 43
TXN Texas Instruments 1.42% 276.59 -1.65% -0.41% -9.48% +60.47% 18
NVEC Nve Corp 1.38% 122.22 +4.58% -3.60%
CSCO Cisco Systems Inc 1.29% 123.88 +2.86% +1.96% +5.80% +62.56% 49
ADI Analog Devices 1.27% 384.43 -0.23% +1.78% -2.12% +42.20% 39
MCHP Microchip Technology 1.20% 79.44 -1.95% +2.12% -8.80% +25.40% 20
TSM Taiwan Semiconductor ADR 1.17% 429.15 +1.68% +3.66% +2.08% +41.54% 44
NXPI Nxp Semiconductors 1.13% 233.41 -1.26% +0.98% -17.78% +8.09% 2
CRUS Cirrus Logic Inc 1.11% 121.89 -0.08% -5.82% -11.26% +2.86% 13
LMT Lockheed Martin Corp 0.99% 606.72 +1.50% +5.04% +17.81% +26.10% 77
QCOM Qualcomm Inc 0.99% 163.07 +0.24% +3.52% -8.44% -4.05% 21
CRWV Coreweave Inc Cl A 0.98% 107.73 +19.28% +19.85% +34.76% +50.44% 98
HON Honeywell International 0.98% 235.34 +2.27% -5.15% +5.69% +21.23% 48
CDNS Cadence Design Sys 0.97% 323.13 -1.34% -4.14% -14.24% +3.38% 7
GOOGL Alphabet Cl A 0.96% 343.54 -0.08% -5.21% -4.44% +9.83% 31
IONQ Ionq Inc 0.96% 45.20 +4.05% +13.20% +15.04% +0.74% 70
NVDA Nvidia Corp 0.96% 224.09 +3.03% +2.22% +5.80% +20.30% 51
NET Cloudflare Inc Cl A 0.92% 311.45 +1.46% +6.31% +10.54% +57.98% 62
SNOW Snowflake Inc Cl A 0.92% 332.26 -0.56% +4.87% +20.41% +51.47% 82
RTX Rtx Corp 0.90% 222.76 -0.49% +0.20% +15.19% +21.86% 72
TDC Teradata Corp 0.89% 26.74 -0.45% +1.94% -14.89% -12.16% 3
NTNX Nutanix Inc 0.88% 64.65 +0.51% +6.05% +16.55% +25.07% 75
NOC Northrop Grumman Corp 0.85% 577.32 +0.28% +3.56% +9.20% +1.57% 59
SNPS Synopsys Inc 0.82% 412.32 +0.34% +2.87% -3.19% -12.22% 36
BIDU Baidu Inc ADR 0.79% 104.84 -1.04% -5.64% -4.46% -19.76% 30
AVGO Broadcom Ltd 0.79% 416.05 -0.01% -0.53% +6.92% +20.46% 54
QBTS D-Wave Quantum Inc 0.75% 20.74 +2.52% -3.04% +9.45% -20.69% 61
IBM Intl Business Machines 0.75% 235.98 -1.02% +0.74% +8.71% -19.88% 57
BAH Booz Allen Hamilton Holding Corp 0.71% 78.40 -0.22% +9.03% +23.35% -6.36% 85
ORCL Oracle Corp 0.71% 153.28 +5.36% +6.16% +19.81% -20.88% 80
MSFT Microsoft Corp 0.70% 492.43 -2.26% +1.02% +27.93% +2.05% 95
MDB Mongodb Inc Cl A 0.69% 437.83 -0.30% +16.33% +27.03% +4.32% 92
RGTI Rigetti Computing Inc 0.69% 18.42 +1.82% +9.77% +14.34% -16.84% 67
QUBT Quantum Computing Inc 0.68% 8.92 -0.34% +0.45% +7.21% -13.06% 56
ESTC Elastic N.V. 0.66% 77.16 +1.06% +10.67% +23.81% +2.28% 87
WIT Wipro Ltd ADR 0.65% 1.95 -1.02% -2.50% +5.98% -29.56% 52
RDNT Radnet Inc 0.63% 76.95 +0.80% +14.75% +22.57% +7.85% 84
BABA Alibaba Group Holding ADR 0.61% 125.22 -2.06% -2.58% +11.49% -14.57% 64
PLTR Palantir Technologies Cl A 0.58% 171.04 -2.23% +7.96% +27.91% -3.77% 93
BTQ Btq Technologies Corp 0.54% 4.35 -1.81% +7.94% +26.09% -15.04% 89
CRM Salesforce Inc 0.54% 193.32 -2.10% +0.18% +15.37% -26.84% 74
ACN Accenture Plc 0.54% 180.14 +0.18% +5.51% +33.87% -31.89% 97
ARQQ Arqit Quantum Inc 0.40% 23.72 -2.75% +13.11% +26.64% +8.41% 90

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.