Constituent dispersion · breadth vs the index

XLF — Financial Select Sector

76/76 covered · 100% by weight · benchmark: XLF price · closes through 2026-08-14 ·holdings as of 2026-06-16

Concentration 40.54% in top 5 21.23 effective names · HHI 471
RS vs S&P 500 21d -0.93pp sector return − SPY
RS vs Nasdaq-100 21d -1.08pp sector return − QQQ
Broad advance - breadth is rising with price. Last 21 sessions — price +2.48% · A/D +73 (+0.96/name)
XLF 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 +0.97% +0.53 -2pp -0.23pp Improving
1 month +2.48% +0.96 -15pp -2.58pp Confirming ↑
1 quarter +13.39% +6 -6pp -0.72pp Confirming ↑

Over the last 126 sessions: price up +9.16%, breadth up (+8.09/name) · % beating 57→43 · median−ETF +3.04pp→-0.90pp.

Stocks above their moving average — participation breadth

Of the 76 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 2026-08-14.

5-day 76.32% 58/76 above
20-day 69.74% 53/76 above
50-day 85.53% 65/76 above
100-day 90.79% 69/76 above
150-day 90.79% 69/76 above
200-day 88.16% 67/76 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 76 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.

HorizonNew highsNew lowsNet
5-Day 27 (36%) 7 (9%) +20
1-Month 17 (22%) 1 (1%) +16
3-Month 13 (17%) 0 (0%) +13
6-Month 13 (17%) 0 (0%) +13
52-Week 10 (13%) 0 (0%) +10
YTD 11 (14%) 0 (0%) +11

Dispersion by window

WindowETFMedianMedian − ETF Up / DownBeat / Lag±1% bandDispersion
1d -0.17% +0.08% +0.25pp 40 / 35 43 / 33 53 of 76 ±1.21%
5d +0.97% +1.60% +0.63pp 52 / 24 45 / 31 19 of 76 ±3.07%
21d +2.48% +1.59% -0.90pp 49 / 27 33 / 43 12 of 76 ±5.89%
YTD +6.74% +8.53% +1.79pp 53 / 23 39 / 37 3 of 76 ±17.62%

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)

  • BAC+0.62%+0.03pp
  • WFC+0.81%+0.03pp
  • COF+1.57%+0.02pp
  • MA+0.40%+0.02pp
  • SCHW+0.94%+0.02pp
  • BRK.B-0.57%-0.07pp
  • BX-3.61%-0.04pp
  • HOOD-3.83%-0.04pp
  • V-0.36%-0.03pp
  • COIN-3.53%-0.02pp

This month (21d)

  • JPM+5.74%+0.65pp
  • BRK.B+2.21%+0.26pp
  • BAC+4.88%+0.24pp
  • C+5.79%+0.19pp
  • MA+3.22%+0.17pp
  • GS-5.12%-0.21pp
  • SPGI-8.43%-0.14pp
  • AXP-5.28%-0.12pp
  • HOOD-9.87%-0.1pp
  • MSCI-10.69%-0.06pp

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)

  • GPN+15.60%
  • ARES+14.82%
  • APO+14.12%
  • ERIE+13.30%
  • WTW+12.66%
  • MSCI-10.69%
  • HOOD-9.87%
  • SPGI-8.43%
  • COIN-7.49%
  • TROW-6.99%

XLF — constituent leadership race

$100 in each covered XLF constituent at 2025-12-24, 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 — 76 covered · click a column to sort

Symbol Weight Last 1d 5d 21d YTD RS rank
BRK.B Berkshire Hathaway Cl B 11.80% 504.03 -0.57% -3.41% +2.21% +0.27% 55
JPM JP Morgan Chase & Company 11.38% 362.84 -0.07% +1.49% +5.74% +13.69% 67
V Visa Inc 7.13% 364.15 -0.36% +0.64% -0.27% +4.05% 32
MA Mastercard Inc 5.25% 569.29 +0.40% +1.13% +3.22% +0.04% 59
BAC Bank of America Corp 4.89% 64.49 +0.62% +2.09% +4.88% +17.92% 64
GS Goldman Sachs Group 4.19% 1039.42 -0.31% -0.02% -5.12% +18.87% 9
WFC Wells Fargo & Company 3.41% 88.82 +0.81% +1.80% +0.85% -4.23% 41
MS Morgan Stanley 3.39% 217.36 -0.47% +0.48% -0.46% +23.77% 28
C Citigroup Inc 3.21% 139.33 +0.43% +3.21% +5.79% +20.59% 68
AXP American Express Company 2.29% 342.48 -0.34% +0.46% -5.28% -6.93% 8
SCHW The Charles Schwab Corp 2.00% 111.09 +0.94% +3.54% +8.06% +11.57% 80
BLK Blackrock Inc 1.96% 1173.73 -0.77% +3.29% +7.97% +10.27% 78
SPGI S&P Global Inc 1.69% 418.80 -0.92% +2.60% -8.43% -19.49% 3
CB Chubb Ltd 1.57% 343.64 -0.25% -1.90% -0.02% +10.42% 34
PGR Progressive Corp 1.57% 209.60 +0.35% -2.66% +1.85% -2.06% 53
COF Capital One Financial Corp 1.52% 227.34 +1.57% +4.40% +7.27% -5.43% 75
BNY Bank of New York Mellon Corp 1.30% 163.24 +0.61% +3.57% +1.48% +41.80% 45
CME CME Group 1.28% 269.80 +0.97% +2.33% +9.55% +1.16% 87
PNC PNC Bank 1.26% 256.97 +0.69% +1.75% +1.50% +25.01% 46
BX Blackstone Inc 1.21% 143.93 -3.61% +4.96% +11.60% -4.66% 91
USB U.S. Bancorp 1.21% 65.42 +0.38% +2.31% +2.20% +23.87% 54
MRSH Marsh & Mclennan Companies 1.07% 187.82 -0.46% -2.00% +3.70% +2.28% 62
ICE Intercontinental Exchange 1.05% 154.73 -0.33% +2.95% +9.15% -4.16% 86
HOOD Robinhood Markets Inc Cl A 0.97% 95.56 -3.83% +2.43% -9.87% -15.51% 1
AON AON Plc 0.95% 355.83 -0.35% -0.69% -3.47% +1.32% 12
MCO Moody's Corp 0.90% 484.96 -0.71% +1.72% -6.56% -4.64% 7
KKR KKR & Company LP 0.87% 114.01 -1.12% +11.10% +10.96% -10.23% 89
TRV The Travelers Companies 0.87% 370.36 +0.10% -3.63% +9.63% +28.15% 88
TFC Truist Financial Corp 0.86% 53.10 +1.20% +2.44% -0.28% +10.14% 30
APO Apollo Asset Management 0.82% 140.76 -1.96% +10.45% +14.12% -1.95% 96
ALL Allstate Corp 0.76% 261.41 +0.36% -2.09% +8.08% +26.89% 82
AJG Arthur J. Gallagher & Company 0.74% 251.21 -0.90% +1.25% -1.84% -2.31% 17
AFL Aflac Inc 0.72% 121.45 +0.29% -2.54% -1.28% +11.30% 24
FITB Fifth Third Bancorp 0.65% 58.06 +0.21% +1.70% -2.21% +25.15% 14
MET Metlife Inc 0.64% 97.66 +0.19% -0.11% +4.23% +25.55% 63
STT State Street Corp 0.62% 191.74 +1.00% +3.82% +3.27% +50.60% 61
MSCI MSCI Inc 0.58% 569.13 -1.06% +1.42% -10.69% -0.05% 0
AMP Ameriprise Financial Services 0.55% 569.54 -0.20% +3.18% +6.81% +16.92% 74
IBKR Interactive Brokers 0.53% 92.06 +0.70% +4.82% -0.16% +43.45% 33
AIG American International Group 0.53% 76.64 +0.80% -2.72% -1.78% -9.89% 18
NDAQ Nasdaq Inc 0.53% 97.02 -0.58% +2.57% +2.94% +0.20% 58
PYPL Paypal Holdings 0.50% 61.66 +1.77% +4.38% +8.69% +5.94% 83
XYZ Block Inc 0.50% 82.88 -0.25% +4.91% +1.67% +27.33% 51
PRU Prudential Financial Inc 0.50% 125.13 +0.30% +3.17% +5.82% +13.91% 70
HIG The Hartford Insurance Group 0.48% 138.02 +0.15% -3.67% +1.00% +1.07% 43
COIN Coinbase Global Cl A 0.47% 148.47 -3.53% -3.34% -7.49% -34.35% 4
HBAN Huntington Bancshares 0.47% 17.91 +0.79% +2.05% -3.50% +4.28% 11
MTB M&T Bank Corp 0.46% 254.09 +0.33% +1.45% +0.02% +27.88% 36
ACGL Arch Capital Grp Ltd 0.43% 98.71 +0.69% +0.23% -1.33% +2.91% 22
NTRS Northern Trust Corp 0.43% 191.41 +0.49% +3.19% +1.53% +41.57% 47
CBOE CBOE Global Markets 0.41% 296.14 +1.04% +3.34% +6.57% +18.52% 72
FISV Fiserv Inc 0.38% 54.39 -2.00% +3.78% +5.16% -19.03% 66
CFG Citizens Financial Group 0.38% 74.73 +0.84% +2.83% +0.44% +29.77% 37
ARES Ares Management LP 0.37% 144.02 -3.63% +5.24% +14.82% -9.68% 97
RJF Raymond James Financial 0.36% 180.81 -0.10% +2.41% +6.55% +13.39% 71
CINF Cincinnati Financial 0.35% 173.17 +0.29% -2.09% -1.77% +6.66% 20
SYF Synchrony Financial 0.34% 81.00 +1.15% +3.07% +9.05% -2.12% 84
RF Regions Financial Corp 0.33% 31.90 +0.76% +1.50% -1.54% +19.98% 21
WTW Willis Towers Watson Public 0.33% 331.59 -0.72% -3.84% +12.66% +1.25% 93
CPAY Corpay Inc 0.33% 417.60 -1.80% +6.28% +12.32% +38.77% 92
TROW T Rowe Price Group 0.31% 110.56 -0.66% -3.03% -6.99% +9.60% 5
PFG Principal Financial Group 0.29% 113.98 -0.83% +0.51% +0.76% +31.42% 39
KEY Keycorp 0.28% 23.31 +1.39% +2.55% -2.83% +15.18% 13
WRB W.R. Berkley Corp 0.27% 70.51 +0.06% -1.52% +0.87% +1.59% 42
FIS Fidelity National Information Services 0.27% 42.92 -2.74% +0.35% +0.70% -34.86% 38
L Loews Corp 0.24% 113.03 +0.28% -2.16% -0.76% +7.45% 26
BRO Brown & Brown 0.23% 70.54 -1.49% -1.02% +1.58% -11.03% 49
GPN Global Payments Inc 0.21% 93.05 -1.88% +8.05% +15.60% +20.61% 99
EG Everest Re Group 0.18% 370.11 +1.11% -1.29% -0.83% +9.75% 25
GL Globe Life Inc 0.17% 181.00 +0.18% -1.55% -1.93% +29.97% 16
AIZ Assurant Inc 0.17% 282.38 +0.52% -2.48% +2.52% +17.72% 57
IVZ Invesco Limited 0.17% 32.55 +0.59% +3.76% +7.43% +25.88% 76
BEN Franklin Resources 0.13% 33.86 +0.00% +0.27% +1.59% +43.80% 50
JKHY Jack Henry & Assoc 0.12% 153.31 -1.64% -1.69% -0.34% -15.30% 29
FDS Factset Research Systems 0.12% 283.49 -1.28% -0.73% +8.01% -1.33% 79
ERIE Erie Indemnity Company 0.08% 255.99 +0.06% +1.35% +13.30% -9.71% 95

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.