Constituent dispersion · breadth vs the ETF
SMH — VanEck Semiconductor
Broad advance - breadth is rising with price. Last 21 sessions — price +11.89% · A/D +46 (+1.84/name)
SMH price
Cumulative advance / decline of constituents — rises when more names are up than down; turns before price at inflections
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band |
|---|---|---|---|---|---|---|
| 1d | +4.38% | +4.06% | -0.32pp | 25 / 0 | 10 / 15 | 7 of 25 |
| 5d | +8.18% | +6.93% | -1.25pp | 23 / 2 | 11 / 14 | 2 of 25 |
| 21d | +11.89% | +10.36% | -1.53pp | 21 / 4 | 11 / 14 | 1 of 25 |
| YTD | +79.69% | +81.79% | +2.10pp | 23 / 2 | 13 / 12 | 0 of 25 |
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.
Leaders & laggards (21-day)
- ARM+80.55%
- ALAB+70.22%
- MRVL+69.18%
- MU+40.20%
- AMAT+33.13%
- KLAC-86.45%
- SNPS-10.91%
- AVGO-10.43%
- NVDA-9.88%
- ADI+0.19%
Other ETFs & indices
Dispersion is computed across the constituents we cover in our data lake (see coverage badge). Decision-support, not investment advice.