Constituent dispersion · breadth vs the index
RUBIN — Rubin Build-Out 100 (EW)
Concentration 4% in top 5 125 effective names · HHI 80
RS vs S&P 500 21d -10.46pp sector return − SPY
RS vs Nasdaq-100 21d -5.97pp sector return − QQQ
Broad decline - breadth is falling with price. Last 21 sessions — price -9.68% · A/D -231 (-1.86/name)
RUBIN 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.
| Horizon | Price | A/D /name | % beating Δ | Median−ETF Δ | Read |
|---|---|---|---|---|---|
| 1 week | +1.16% | -0.02 | +4pp | +0.81pp | Weakening |
| 1 month | -9.68% | -1.86 | +8pp | +3.00pp | Confirming ↓ |
| 1 quarter | +17.33% | -0.44 | +19pp | +7.59pp | Weakening |
Over the last 126 sessions: price up +68.48%, breadth up (+6.48/name) · % beating 45→52 · median−ETF -4.99pp→+0.30pp.
Stocks above their moving average — participation breadth
Of the 124 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 2026-07-23.
5-day 16.94% 21/124 above
20-day 12.1% 15/124 above
50-day 14.52% 18/124 above
100-day 63.41% 78/123 above
150-day 81.3% 100/123 above
200-day 92.62% 113/122 above
% of constituents above their 50-day average — breadth over the last year; 50% is the participation midpoint
New highs & new lows — by horizon
How many of the 124 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 | 4 (3%) | 42 (34%) | -38 |
| 1-Month | 0 (0%) | 33 (27%) | -33 |
| 3-Month | 0 (0%) | 8 (6%) | -8 |
| 6-Month | 0 (0%) | 1 (1%) | -1 |
| 52-Week | 0 (0%) | 1 (1%) | -1 |
| YTD | 0 (0%) | 1 (1%) | -1 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.33% | -3.66% | -3.33pp | 13 / 111 | 19 / 105 | 26 of 124 | ±3.45% |
| 5d | +1.16% | -0.31% | -1.48pp | 56 / 68 | 42 / 82 | 22 of 124 | ±6.52% |
| 21d | -9.68% | -12.95% | -3.27pp | 11 / 113 | 47 / 77 | 9 of 124 | ±10.89% |
| YTD | +107.45% | +66.92% | -40.54pp | 115 / 4 | 32 / 87 | 1 of 119 | ±87.3% |
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)
- LPK.DE+2.23%+0.02pp
- NDSN+1.26%+0.01pp
- LIN+1.18%+0.01pp
- 7731.T+1.13%+0.01pp
- TPRO.MI+0.98%+0.01pp
- BE-14.91%-0.12pp
- AEHR-13.77%-0.11pp
- 6146.T-12.27%-0.1pp
- ALAB-10.82%-0.09pp
- SNDK-10.79%-0.09pp
This month (21d)
- 7751.T+8.46%+0.07pp
- 0992.HK+6.20%+0.05pp
- NVDA+3.94%+0.03pp
- 7731.T+3.76%+0.03pp
- AI.PA+2.99%+0.02pp
- BE-43.32%-0.35pp
- LPK.DE-39.96%-0.32pp
- 285A.T-39.45%-0.32pp
- GFS-36.05%-0.29pp
- NOK-34.11%-0.27pp
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)
- 7751.T+8.46%
- 0992.HK+6.20%
- NVDA+3.94%
- 7731.T+3.76%
- AI.PA+2.99%
- BE-43.32%
- LPK.DE-39.96%
- 285A.T-39.45%
- GFS-36.05%
- NOK-34.11%
RUBIN — constituent leadership race
$100 in each covered RUBIN constituent at 2026-01-07, rebased to 100. Watch leadership change hands.
0%
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 — 124 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CDNS Cadence Design Systems | 0.80% | 326.24 | -1.28% | -1.17% | -12.40% | +4.37% | 52 |
| SNPS Synopsys | 0.80% | 373.47 | -0.01% | -2.81% | -19.50% | -20.49% | 31 |
| ARM ARM Holdings | 0.80% | 260.01 | -8.14% | -2.69% | -27.59% | +137.86% | 13 |
| NVDA NVIDIA | 0.80% | 206.84 | -0.92% | +1.99% | +3.94% | +11.04% | 98 |
| AVGO Broadcom | 0.80% | 381.92 | -2.69% | +2.99% | -0.04% | +10.58% | 90 |
| AMD AMD | 0.80% | 521.95 | -3.29% | +5.28% | +0.43% | +143.72% | 92 |
| QCOM Qualcomm | 0.80% | 166.97 | -2.42% | -2.80% | -15.42% | -1.76% | 43 |
| TSM TSMC | 0.80% | 403.41 | -2.93% | +1.27% | -8.49% | +33.05% | 66 |
| ASX ASE Group | 0.80% | 36.84 | -6.64% | -4.09% | -10.89% | +128.82% | 56 |
| GFS GlobalFoundries | 0.80% | 53.53 | -5.94% | -6.87% | -36.05% | +53.29% | 2 |
| AMKR Amkor Technology | 0.80% | 64.96 | -0.57% | +3.21% | -21.51% | +64.85% | 23 |
| TSEM Tower Semiconductor | 0.80% | 233.37 | -10.39% | -0.31% | -15.24% | +98.75% | 44 |
| ASML ASML | 0.80% | 1757.09 | -2.55% | +0.54% | -0.32% | +64.81% | 87 |
| SMHN.DE SÜSS MicroTec | 0.80% | 79.15 | -0.81% | -0.19% | -18.86% | +102.22% | 33 |
| 7731.T Nikon | 0.80% | 2247.00 | +1.13% | -2.20% | +3.76% | +28.84% | 97 |
| 7751.T Canon | 0.80% | 4526.00 | -0.07% | +2.93% | +8.46% | -2.31% | 99 |
| 8035.T Tokyo Electron | 0.80% | 62660.00 | -4.99% | -11.61% | -10.36% | +82.58% | 60 |
| LRCX Lam Research | 0.80% | 305.21 | -4.56% | -2.58% | -18.57% | +78.64% | 35 |
| AMAT Applied Materials | 0.80% | 536.25 | -4.72% | +1.24% | -8.95% | +108.93% | 65 |
| ASM.AS ASM International | 0.80% | 859.40 | -1.63% | -1.15% | -13.28% | +66.04% | 49 |
| AIXA.DE Aixtron | 0.80% | 40.23 | -0.27% | +1.95% | -23.98% | +132.48% | 20 |
| VACN.SW VAT Group | 0.80% | 650.60 | +0.46% | -2.34% | -4.52% | +70.66% | 78 |
| IFCN.SW INFICON | 0.80% | 161.80 | -0.12% | +1.63% | -8.07% | +66.33% | 69 |
| COTN.SW Comet Group | 0.80% | 355.80 | -0.89% | +1.08% | -8.44% | +58.39% | 67 |
| 6525.T Kokusai Electric | 0.80% | 8563.00 | -5.98% | -13.42% | -6.19% | +55.83% | 76 |
| 6146.T DISCO Corp | 0.80% | 60890.00 | -12.27% | -13.74% | -23.64% | +26.41% | 22 |
| BESI.AS BESI | 0.80% | 227.00 | -1.26% | +0.67% | -21.48% | +70.79% | 24 |
| 0522.HK ASMPT | 0.80% | 163.40 | -1.86% | +1.30% | -18.63% | +110.97% | 34 |
| 042700.KS Hanmi Semiconductor | 0.80% | 200000.00 | -7.41% | -17.53% | -25.93% | +57.47% | 16 |
| KLIC Kulicke & Soffa | 0.80% | 101.33 | -4.48% | +4.23% | -17.80% | +123.11% | 37 |
| NDSN Nordson | 0.80% | 295.77 | +1.26% | +2.35% | -0.11% | +23.40% | 89 |
| LPK.DE LPKF Laser & Electronics | 0.80% | 13.75 | +2.23% | -8.33% | -39.96% | +145.97% | 1 |
| 000660.KS SK hynix | 0.80% | 1759000.00 | -8.34% | -4.51% | -32.89% | +170.70% | 4 |
| 005930.KS Samsung Electronics | 0.80% | 249500.00 | -7.59% | -2.16% | -26.73% | +108.52% | 15 |
| MU Micron Technology | 0.80% | 920.95 | -6.99% | +8.48% | -12.17% | +222.81% | 52 |
| SNDK SanDisk | 0.80% | 1436.56 | -10.79% | +6.03% | -24.96% | +505.17% | 18 |
| 285A.T Kioxia | 0.80% | 56010.00 | -9.49% | -9.82% | -39.45% | +436.75% | 2 |
| 6857.T Advantest | 0.80% | 28945.00 | -6.02% | -2.34% | -7.23% | +47.42% | 71 |
| TER Teradyne | 0.80% | 349.92 | -6.38% | +8.55% | -18.09% | +80.86% | 36 |
| 6890.T Ferrotec Holdings | 0.80% | 8920.00 | -0.22% | +11.50% | -8.98% | +77.34% | 65 |
| KLAC KLA Corp | 0.80% | 210.52 | -3.75% | -1.05% | -12.46% | — | 51 |
| FORM FormFactor | 0.80% | 104.04 | -7.73% | -1.45% | -26.43% | +86.52% | 15 |
| ONTO Onto Innovation | 0.80% | 272.62 | -6.40% | -2.58% | -15.40% | +72.70% | 44 |
| CAMT Camtek | 0.80% | 147.79 | -4.77% | +1.12% | -11.45% | +38.97% | 55 |
| 6920.T Lasertec | 0.80% | 43170.00 | -4.34% | -6.90% | -14.70% | +45.62% | 46 |
| NVMI Nova Ltd | 0.80% | 437.98 | -3.82% | +0.12% | -16.08% | +33.37% | 41 |
| TPRO.MI Technoprobe | 0.80% | 31.05 | +0.98% | +2.96% | -13.87% | +157.76% | 47 |
| COHU Cohu | 0.80% | 50.70 | -6.99% | -0.96% | -20.36% | +117.88% | 29 |
| 6965.T Hamamatsu Photonics | 0.80% | 2360.00 | -2.62% | -1.58% | -11.61% | +42.08% | 54 |
| PDFS PDF Solutions | 0.80% | 50.98 | -2.62% | -0.31% | -19.79% | +78.69% | 31 |
| AEHR Aehr Test Systems | 0.80% | 76.32 | -13.77% | -5.84% | -19.83% | +278.01% | 30 |
| 5201.T AGC Inc. | 0.80% | 6187.00 | -2.03% | -3.66% | -13.81% | +19.14% | 48 |
| GLW Corning | 0.80% | 146.65 | -6.03% | -5.15% | -28.75% | +67.80% | 9 |
| INTC Intel | 0.80% | 92.32 | -7.89% | -2.86% | -29.87% | +150.19% | 6 |
| 4062.T Ibiden | 0.80% | 17370.00 | -3.90% | -0.20% | -29.92% | +158.06% | 6 |
| ATS.VI AT&S | 0.80% | 158.60 | -5.82% | -2.10% | -20.70% | +392.55% | 27 |
| 3037.TW Unimicron | 0.80% | 839.00 | -6.36% | +5.67% | -17.75% | +281.36% | 38 |
| IFX.DE Infineon | 0.80% | 64.41 | -1.65% | +1.18% | -21.46% | +72.03% | 25 |
| STM STMicroelectronics | 0.80% | 51.54 | -3.65% | -16.95% | -28.26% | +99.26% | 10 |
| MPWR Monolithic Power Systems | 0.80% | 1333.81 | -4.53% | +1.66% | -6.91% | +47.46% | 73 |
| ON onsemi | 0.80% | 86.81 | -3.68% | -0.64% | -25.00% | +60.31% | 17 |
| 6723.T Renesas Electronics | 0.80% | 3928.00 | -6.45% | -5.10% | -16.48% | +83.55% | 40 |
| ALGM Allegro MicroSystems | 0.80% | 46.03 | -8.07% | -0.97% | -16.94% | +74.49% | 39 |
| TXN Texas Instruments | 0.80% | 279.58 | -1.90% | -1.56% | -7.76% | +62.20% | 69 |
| SU.PA Schneider Electric | 0.80% | 267.95 | +0.96% | +2.10% | -4.15% | +14.07% | 80 |
| ETN Eaton | 0.80% | 404.07 | -2.66% | +1.02% | -0.13% | +27.26% | 88 |
| 2308.TW Delta Electronics | 0.80% | 1785.00 | -5.05% | +2.59% | -9.85% | +85.36% | 60 |
| VRT Vertiv | 0.80% | 290.36 | -4.50% | +0.28% | -8.24% | +79.27% | 68 |
| MOD Modine Manufacturing | 0.80% | 241.79 | -3.14% | +5.43% | -12.62% | +81.10% | 50 |
| NVT nVent Electric | 0.80% | 151.79 | -4.28% | -1.89% | -9.41% | +49.36% | 64 |
| 6367.T Daikin | 0.80% | 23880.00 | -0.97% | -3.98% | +1.66% | +18.92% | 94 |
| CARR Carrier Global | 0.80% | 68.88 | -0.39% | +0.64% | -6.99% | +31.38% | 73 |
| APH Amphenol | 0.80% | 152.67 | -3.02% | +0.97% | -6.21% | +13.20% | 75 |
| COHR Coherent | 0.80% | 282.39 | -9.84% | +1.73% | -28.05% | +53.00% | 11 |
| LITE Lumentum | 0.80% | 762.99 | -8.47% | +4.12% | -9.44% | +107.00% | 63 |
| MRVL Marvell Technology | 0.80% | 194.23 | -7.21% | +2.94% | -29.80% | +128.84% | 7 |
| FN Fabrinet | 0.80% | 476.04 | -8.05% | -0.49% | -16.22% | +4.56% | 40 |
| 5801.T Furukawa Electric | 0.80% | 3388.00 | -3.56% | -2.48% | -29.46% | +238.46% | 8 |
| CRDO Credo Technology | 0.80% | 213.15 | -9.87% | +5.17% | -20.76% | +48.13% | 27 |
| ALAB Astera Labs | 0.80% | 291.58 | -10.82% | -3.97% | -27.09% | +75.27% | 14 |
| MTSI MACOM Technology | 0.80% | 266.99 | -5.60% | -0.14% | -28.44% | +55.88% | 10 |
| AAOI Applied Optoelectronics | 0.80% | 100.15 | -10.60% | -2.21% | -31.86% | — | 5 |
| NOK Nokia | 0.80% | 9.10 | -6.47% | -10.08% | -34.11% | +41.66% | 3 |
| 4004.T Resonac | 0.80% | 14505.00 | -5.78% | -2.62% | -18.28% | +122.26% | 35 |
| 4063.T Shin-Etsu Chemical | 0.80% | 6702.00 | -3.85% | -8.95% | -5.61% | +37.53% | 77 |
| ENTG Entegris | 0.80% | 129.15 | -4.55% | -6.91% | -24.68% | +53.53% | 19 |
| 3436.T Sumco | 0.80% | 3623.00 | -3.23% | -21.48% | -2.37% | +152.47% | 84 |
| SOI.PA Soitec | 0.80% | 115.25 | -1.33% | +31.96% | +2.67% | +396.98% | 95 |
| 6981.T Murata Manufacturing | 0.80% | 8311.00 | -2.66% | -1.06% | -24.65% | +156.04% | 19 |
| WAF.DE Siltronic | 0.80% | 82.95 | -0.36% | -3.32% | -4.55% | +69.63% | 77 |
| 6488.TW GlobalWafers | 0.80% | 1030.00 | -8.04% | -16.94% | -0.96% | +153.69% | 85 |
| PLAB Photronics | 0.80% | 30.33 | -1.97% | +5.13% | -4.17% | -5.22% | 79 |
| 7911.T Toppan Holdings | 0.80% | 4852.00 | -1.58% | +2.23% | -4.11% | +4.10% | 81 |
| MKSI MKS Instruments | 0.80% | 329.18 | -4.67% | +1.38% | -13.74% | +106.19% | 48 |
| 6361.T Ebara | 0.80% | 5681.00 | -1.23% | -2.56% | -9.52% | +54.21% | 62 |
| AEIS Advanced Energy | 0.80% | 303.99 | -3.54% | +7.02% | -15.47% | +45.24% | 42 |
| 6856.T Horiba | 0.80% | 26540.00 | -2.01% | -4.65% | -3.23% | +66.29% | 82 |
| ACLS Axcelis Technologies | 0.80% | 134.10 | -5.24% | -1.70% | -20.61% | +66.92% | 28 |
| LIN Linde | 0.80% | 512.28 | +1.18% | -0.18% | -0.67% | +20.55% | 86 |
| AI.PA Air Liquide | 0.80% | 176.52 | +0.54% | +0.03% | +2.99% | +10.15% | 96 |
| DD DuPont | 0.80% | 137.70 | +0.22% | +1.78% | -0.09% | — | 90 |
| 2802.T Ajinomoto | 0.80% | 5096.00 | -0.12% | -4.94% | -7.01% | +53.63% | 72 |
| WDC Western Digital | 0.80% | 519.80 | -6.90% | +8.92% | -19.26% | +201.88% | 32 |
| AAON AAON | 0.80% | 102.67 | -4.65% | -7.85% | -21.98% | +34.91% | 23 |
| DELL Dell Technologies | 0.80% | 437.50 | -0.42% | +10.57% | +0.79% | +250.15% | 93 |
| HPE Hewlett Packard Enterprise | 0.80% | 47.69 | +0.10% | +4.08% | -2.17% | +99.82% | 85 |
| 0992.HK Lenovo Group | 0.80% | 24.34 | -1.14% | +13.63% | +6.20% | +162.85% | 98 |
| 2382.TW Quanta Computer | 0.80% | 328.00 | -2.38% | +0.77% | -10.50% | +20.59% | 59 |
| 2317.TW Foxconn (Hon Hai) | 0.80% | 252.50 | -1.94% | +7.91% | +0.98% | +9.54% | 94 |
| POWL Powell Industries | 0.80% | 232.21 | -4.23% | -0.25% | -21.15% | — | 26 |
| GEV GE Vernova | 0.80% | 1014.75 | -1.59% | -4.07% | -4.06% | +55.47% | 81 |
| PRY.MI Prysmian | 0.80% | 126.10 | -1.68% | -3.96% | -14.74% | +47.07% | 45 |
| BE Bloom Energy | 0.80% | 184.89 | -14.91% | -13.99% | -43.32% | +112.79% | 0 |
| EME EMCOR Group | 0.80% | 744.85 | -3.15% | +0.09% | -12.08% | +21.88% | 53 |
| FIX Comfort Systems USA | 0.80% | 1733.60 | -5.33% | +3.56% | -11.30% | +85.92% | 56 |
| STRL Sterling Infrastructure | 0.80% | 660.94 | -7.86% | +3.50% | -23.79% | — | 21 |
| PWR Quanta Services | 0.80% | 625.84 | -4.28% | -0.43% | -10.82% | +48.35% | 57 |
| ABBN.SW ABB | 0.80% | 80.00 | +0.18% | +1.01% | -7.75% | +37.09% | 70 |
| ROK Rockwell Automation | 0.80% | 462.16 | +0.33% | +0.07% | +0.39% | +19.57% | 91 |
| 6506.T Yaskawa Electric | 0.80% | 5117.00 | -4.09% | -6.86% | -27.63% | +7.59% | 12 |
| 6861.T Keyence | 0.80% | 71820.00 | -0.61% | -3.01% | -6.42% | +26.71% | 74 |
| CGNX Cognex | 0.80% | 62.05 | -2.19% | -3.15% | -2.50% | +72.94% | 83 |
| AMS.SW ams-OSRAM | 0.80% | 16.65 | +0.97% | +10.41% | -9.80% | +112.10% | 61 |
| LSCC Lattice Semiconductor | 0.80% | 128.42 | -7.03% | +2.55% | -10.78% | +74.53% | 58 |
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.