Constituent dispersion · breadth vs the index
XLF — Financial Select Sector
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 | -1.47% | -0.95 | -7pp | -0.35pp | Confirming ↓ |
| 1 month | -5.87% | -3.95 | -11pp | -0.39pp | Confirming ↓ |
| 1 quarter | +2.37% | +0.2 | -15pp | -1.66pp | Confirming ↑ |
Over the last 126 sessions: price up +11.28%, breadth up (+4.89/name) · % beating 47→36 · median−ETF -0.56pp→-1.44pp.
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 2026-09-25.
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.
| Horizon | New highs | New lows | Net |
|---|---|---|---|
| 5-Day | 8 (11%) | 16 (21%) | -8 |
| 1-Month | 0 (0%) | 12 (16%) | -12 |
| 3-Month | 0 (0%) | 9 (12%) | -9 |
| 6-Month | 0 (0%) | 1 (1%) | -1 |
| 52-Week | 0 (0%) | 0 (0%) | +0 |
| YTD | 0 (0%) | 1 (1%) | -1 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.57% | +0.69% | +0.13pp | 53 / 23 | 41 / 35 | 50 of 76 | ±1.16% |
| 5d | -1.48% | -1.87% | -0.39pp | 15 / 61 | 31 / 45 | 29 of 76 | ±2.5% |
| 21d | -5.87% | -7.32% | -1.44pp | 6 / 70 | 27 / 49 | 15 of 76 | ±5.14% |
| YTD | +0.64% | +0.41% | -0.23pp | 40 / 36 | 37 / 39 | 6 of 76 | ±17.11% |
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)
- JPM+1.33%+0.15pp
- BAC+1.20%+0.06pp
- GS+1.32%+0.06pp
- C+1.65%+0.05pp
- WFC+0.96%+0.03pp
- CME-1.65%-0.02pp
- ICE-1.67%-0.02pp
- CBOE-3.57%-0.01pp
- V-0.16%-0.01pp
- HOOD-1.18%-0.01pp
This month (21d)
- HOOD+10.01%+0.1pp
- COIN+7.33%+0.03pp
- C+0.54%+0.02pp
- BRK.B+0.11%+0.01pp
- PFG+3.06%+0.01pp
- JPM-3.77%-0.43pp
- BAC-8.42%-0.41pp
- GS-9.65%-0.4pp
- V-4.30%-0.31pp
- MS-8.30%-0.28pp
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)
- HOOD+10.01%
- COIN+7.33%
- PFG+3.06%
- MET+1.22%
- C+0.54%
- AON-21.47%
- BX-17.30%
- CBOE-17.12%
- BRO-16.43%
- WTW-14.32%
XLF — constituent leadership race
$100 in each covered XLF constituent at 2025-12-24, 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 — 76 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| BRK.B Berkshire Hathaway Cl B | 11.80% | 505.48 | +0.06% | -0.84% | +0.11% | +0.56% | 92 |
| JPM JP Morgan Chase & Company | 11.38% | 343.06 | +1.33% | -1.89% | -3.77% | +7.49% | 78 |
| V Visa Inc | 7.13% | 367.38 | -0.16% | -0.25% | -4.30% | +4.97% | 76 |
| MA Mastercard Inc | 5.25% | 567.65 | +0.28% | +0.43% | -5.15% | -0.25% | 72 |
| BAC Bank of America Corp | 4.89% | 56.70 | +1.20% | -1.78% | -8.42% | +3.67% | 32 |
| GS Goldman Sachs Group | 4.19% | 935.45 | +1.32% | -0.70% | -9.65% | +6.98% | 22 |
| WFC Wells Fargo & Company | 3.41% | 82.97 | +0.96% | -3.66% | -2.65% | -10.54% | 84 |
| MS Morgan Stanley | 3.39% | 196.31 | -0.01% | -3.10% | -8.30% | +11.79% | 33 |
| C Citigroup Inc | 3.21% | 134.28 | +1.65% | +1.90% | +0.54% | +16.22% | 93 |
| AXP American Express Company | 2.29% | 308.89 | +1.06% | -0.86% | -8.11% | -16.05% | 36 |
| SCHW The Charles Schwab Corp | 2.00% | 99.03 | -0.46% | -5.91% | -9.47% | -0.55% | 25 |
| BLK Blackrock Inc | 1.96% | 1086.31 | +1.20% | +1.55% | -7.41% | +2.06% | 49 |
| SPGI S&P Global Inc | 1.69% | 403.30 | +0.01% | -0.50% | -7.60% | -22.47% | 47 |
| CB Chubb Ltd | 1.57% | 333.37 | -0.44% | -2.13% | -3.03% | +7.12% | 82 |
| PGR Progressive Corp | 1.57% | 205.50 | +1.65% | -3.74% | -7.64% | -3.98% | 46 |
| COF Capital One Financial Corp | 1.52% | 200.20 | +1.83% | -1.10% | -7.83% | -16.72% | 43 |
| BNY Bank of New York Mellon Corp | 1.30% | 150.15 | -0.03% | -2.37% | -7.93% | +30.43% | 39 |
| CME CME Group | 1.28% | 264.48 | -1.65% | -4.18% | -5.87% | -0.83% | 63 |
| PNC PNC Bank | 1.26% | 225.64 | +1.03% | -3.23% | -7.78% | +9.77% | 45 |
| BX Blackstone Inc | 1.21% | 118.42 | +1.03% | -5.23% | -17.30% | -21.56% | 1 |
| USB U.S. Bancorp | 1.21% | 59.33 | +1.59% | -1.22% | -5.53% | +12.34% | 70 |
| MRSH Marsh & Mclennan Companies | 1.07% | 171.12 | +0.70% | -2.22% | -11.46% | -6.82% | 16 |
| ICE Intercontinental Exchange | 1.05% | 154.31 | -1.67% | -0.75% | -4.70% | -4.42% | 75 |
| HOOD Robinhood Markets Inc Cl A | 0.97% | 119.40 | -1.18% | -0.35% | +10.01% | +5.57% | 99 |
| AON AON Plc | 0.95% | 277.99 | +0.69% | -5.97% | -21.47% | -20.85% | 0 |
| MCO Moody's Corp | 0.90% | 468.70 | +0.29% | +0.02% | -8.91% | -7.83% | 29 |
| KKR KKR & Company LP | 0.87% | 96.67 | +1.08% | -2.17% | -10.90% | -23.88% | 18 |
| TRV The Travelers Companies | 0.87% | 363.04 | +0.18% | -3.09% | -2.19% | +25.62% | 88 |
| TFC Truist Financial Corp | 0.86% | 47.66 | +1.02% | -1.85% | -5.94% | -1.14% | 61 |
| APO Apollo Asset Management | 0.82% | 121.69 | +0.83% | -3.35% | -8.96% | -15.24% | 28 |
| ALL Allstate Corp | 0.76% | 227.60 | +0.19% | -8.90% | -12.70% | +10.48% | 13 |
| AJG Arthur J. Gallagher & Company | 0.74% | 231.10 | +1.75% | -3.50% | -12.80% | -10.13% | 12 |
| AFL Aflac Inc | 0.72% | 113.72 | -0.25% | -2.24% | -3.18% | +4.21% | 80 |
| FITB Fifth Third Bancorp | 0.65% | 52.10 | +1.24% | -1.53% | -5.44% | +12.31% | 71 |
| MET Metlife Inc | 0.64% | 97.70 | +0.46% | +0.68% | +1.22% | +25.61% | 95 |
| STT State Street Corp | 0.62% | 181.34 | +0.14% | -0.84% | -6.34% | +42.43% | 54 |
| MSCI MSCI Inc | 0.58% | 551.36 | -0.85% | -0.27% | -2.28% | -3.17% | 87 |
| AMP Ameriprise Financial Services | 0.55% | 493.00 | +1.62% | -9.43% | -12.01% | +1.21% | 14 |
| IBKR Interactive Brokers | 0.53% | 89.24 | -0.65% | -1.60% | -7.94% | +39.05% | 38 |
| AIG American International Group | 0.53% | 74.17 | -0.87% | -1.54% | -3.64% | -12.79% | 79 |
| NDAQ Nasdaq Inc | 0.53% | 93.55 | -1.06% | +0.01% | -5.95% | -3.38% | 59 |
| PYPL Paypal Holdings | 0.50% | 55.04 | +4.64% | +5.02% | -10.73% | -5.44% | 21 |
| XYZ Block Inc | 0.50% | 76.42 | -0.42% | +0.18% | -8.04% | +17.41% | 37 |
| PRU Prudential Financial Inc | 0.50% | 119.45 | +0.59% | +0.89% | -0.66% | +8.74% | 91 |
| HIG The Hartford Insurance Group | 0.48% | 124.23 | -1.16% | -5.81% | -10.79% | -9.03% | 20 |
| COIN Coinbase Global Cl A | 0.47% | 195.11 | -2.06% | +0.44% | +7.33% | -13.72% | 97 |
| HBAN Huntington Bancshares | 0.47% | 15.64 | +2.16% | -1.51% | -8.22% | -8.94% | 34 |
| MTB M&T Bank Corp | 0.46% | 221.19 | +1.16% | -2.69% | -7.83% | +11.32% | 42 |
| ACGL Arch Capital Grp Ltd | 0.43% | 94.66 | -0.38% | -2.30% | -6.02% | -1.31% | 58 |
| NTRS Northern Trust Corp | 0.43% | 175.73 | +0.70% | -1.21% | -5.92% | +29.98% | 62 |
| CBOE CBOE Global Markets | 0.41% | 258.03 | -3.57% | -5.44% | -17.12% | +3.27% | 3 |
| FISV Fiserv Inc | 0.38% | 46.48 | +1.09% | -1.50% | -11.38% | -30.80% | 17 |
| CFG Citizens Financial Group | 0.38% | 65.53 | +1.24% | -2.25% | -7.04% | +13.79% | 51 |
| ARES Ares Management LP | 0.37% | 122.01 | +1.58% | -1.45% | -14.07% | -23.49% | 7 |
| RJF Raymond James Financial | 0.36% | 159.87 | +0.70% | -2.96% | -9.52% | +0.26% | 24 |
| CINF Cincinnati Financial | 0.35% | 162.54 | +0.13% | -3.27% | -5.71% | +0.11% | 66 |
| SYF Synchrony Financial | 0.34% | 72.94 | +1.94% | -2.80% | -8.57% | -11.86% | 30 |
| RF Regions Financial Corp | 0.33% | 27.62 | +1.32% | -3.09% | -9.12% | +3.88% | 26 |
| WTW Willis Towers Watson Public | 0.33% | 293.99 | +0.12% | -5.16% | -14.32% | -10.24% | 5 |
| CPAY Corpay Inc | 0.33% | 398.11 | -0.55% | +0.09% | -2.17% | +32.29% | 89 |
| TROW T Rowe Price Group | 0.31% | 105.51 | +1.19% | +1.30% | -6.25% | +4.59% | 55 |
| PFG Principal Financial Group | 0.29% | 114.77 | +0.54% | -2.46% | +3.06% | +32.33% | 96 |
| KEY Keycorp | 0.28% | 20.61 | +1.78% | -0.96% | -5.81% | +1.84% | 64 |
| WRB W.R. Berkley Corp | 0.27% | 66.82 | -0.70% | -4.39% | -2.69% | -3.73% | 83 |
| FIS Fidelity National Information Services | 0.27% | 35.41 | +1.20% | -0.59% | -12.87% | -46.26% | 11 |
| L Loews Corp | 0.24% | 104.82 | -0.24% | -2.74% | -5.53% | -0.35% | 68 |
| BRO Brown & Brown | 0.23% | 60.82 | +0.81% | -6.46% | -16.43% | -23.29% | 4 |
| GPN Global Payments Inc | 0.21% | 86.49 | +1.38% | +1.68% | -6.96% | +12.11% | 53 |
| EG Everest Re Group | 0.18% | 370.43 | -0.41% | -1.18% | -2.46% | +9.84% | 86 |
| GL Globe Life Inc | 0.17% | 167.04 | -0.17% | -3.68% | -4.85% | +19.95% | 74 |
| AIZ Assurant Inc | 0.17% | 265.00 | +1.20% | -6.10% | -7.86% | +10.47% | 41 |
| IVZ Invesco Limited | 0.17% | 30.92 | +0.78% | +1.28% | -6.25% | +19.58% | 57 |
| BEN Franklin Resources | 0.13% | 33.02 | +1.44% | +0.03% | -5.68% | +40.24% | 67 |
| JKHY Jack Henry & Assoc | 0.12% | 147.79 | +0.03% | -4.56% | -13.96% | -18.35% | 8 |
| FDS Factset Research Systems | 0.12% | 273.08 | +0.67% | -3.79% | -7.22% | -4.95% | 50 |
| ERIE Erie Indemnity Company | 0.08% | 222.86 | +1.78% | -6.77% | -13.38% | -21.40% | 9 |
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
XLF dispersion — data Q&A
Is XLF's move broad or carried by a few names (21 sessions)?
As of 2026-09-25: over 21 sessions the fund returned -5.87% while its median constituent returned -7.32% — a dispersion of 5.14 pp; 36% of 76 members beat the fund. Broad decline - breadth is falling with price.
How did XLF's members trade in the last session?
As of 2026-09-25: fund +0.57%, median member +0.69%, 53 advancers vs 23 decliners.
What does the dispersion page for XLF 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. 76 constituents covered, re-baked nightly from the Closelooknet lake.
Is this investment advice?
No — a data surface in an investment research diary. It describes breadth inside a fund; it makes no recommendation.