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Constituent dispersion · breadth vs the index

XLF — Financial Select Sector

76/76 covered · 100% by weight · benchmark: XLF price · closes through 2026-07-10 ·holdings as of 2026-06-16

Concentration 40.54% in top 5 21.23 effective names · HHI 471
RS vs S&P 500 21d +3.51pp sector return − SPY
RS vs Nasdaq-100 21d +3.70pp sector return − QQQ
Broad advance - breadth is rising with price. Last 21 sessions — price +6.2% · A/D +283 (+3.72/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 +0.16% +0.63 +11pp +0.94pp Improving
1 month +6.20% +3.72 +19pp +1.96pp Confirming ↑
1 quarter +11.69% +5.54 +19pp +2.12pp Confirming ↑

Over the last 126 sessions: price down -0.23%, breadth up (+6.96/name) · % beating 62→64 · median−ETF +1.24pp→+1.40pp.

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 2026-07-10.

5-day 60.53% 46/76 above
20-day 90.79% 69/76 above
50-day 89.47% 68/76 above
100-day 90.79% 69/76 above
150-day 73.68% 56/76 above
200-day 71.05% 54/76 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 17 (22%) 9 (12%) +8
1-Month 10 (13%) 0 (0%) +10
3-Month 8 (11%) 0 (0%) +8
6-Month 5 (7%) 0 (0%) +5
52-Week 5 (7%) 0 (0%) +5
YTD 5 (7%) 0 (0%) +5

Dispersion by window

WindowETFMedianMedian − ETF Up / DownBeat / Lag±1% bandDispersion
1d +0.31% +0.39% +0.09pp 58 / 18 41 / 35 64 of 76 ±0.85%
5d +0.16% +0.38% +0.22pp 44 / 31 42 / 34 26 of 76 ±2.7%
21d +6.20% +7.60% +1.40pp 68 / 8 49 / 27 11 of 76 ±6.71%
YTD +2.24% +5.19% +2.95pp 45 / 31 43 / 33 2 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)

  • MA+0.68%+0.04pp
  • BAC+0.71%+0.03pp
  • JPM+0.30%+0.03pp
  • BLK+1.61%+0.03pp
  • C+0.87%+0.03pp
  • BRK.B-0.35%-0.04pp
  • HOOD-2.73%-0.03pp
  • SPGI-0.57%-0.01pp
  • FISV-2.32%-0.01pp
  • IBKR-1.25%-0.01pp

This month (21d)

  • JPM+7.60%+0.87pp
  • V+7.36%+0.52pp
  • BAC+9.65%+0.47pp
  • MA+6.36%+0.33pp
  • HOOD+33.66%+0.33pp
  • CME-6.12%-0.08pp
  • APO-9.31%-0.08pp
  • ICE-4.10%-0.04pp
  • CBOE-7.75%-0.03pp
  • FISV-6.63%-0.03pp

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+33.66%
  • GPN+19.62%
  • JKHY+18.04%
  • AJG+16.60%
  • SCHW+16.17%
  • APO-9.31%
  • CBOE-7.75%
  • FISV-6.63%
  • CME-6.12%
  • ARES-5.80%

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% 493.71 -0.35% -2.77% +1.22% -1.78% 16
JPM JP Morgan Chase & Company 11.38% 336.47 +0.30% +1.05% +7.60% +5.43% 50
V Visa Inc 7.13% 348.97 +0.22% -3.63% +7.36% -0.29% 45
MA Mastercard Inc 5.25% 526.74 +0.68% -2.18% +6.36% -7.43% 38
BAC Bank of America Corp 4.89% 59.67 +0.71% +1.60% +9.65% +9.10% 66
GS Goldman Sachs Group 4.19% 1055.18 -0.07% +3.35% +2.25% +20.67% 18
WFC Wells Fargo & Company 3.41% 87.16 +0.29% +1.93% +6.29% -6.02% 37
MS Morgan Stanley 3.39% 222.28 +0.07% +3.90% +5.72% +26.57% 33
C Citigroup Inc 3.21% 140.79 +0.87% +0.59% +4.50% +21.86% 25
AXP American Express Company 2.29% 350.58 +1.11% -0.39% +10.11% -4.73% 68
SCHW The Charles Schwab Corp 2.00% 103.12 +1.19% +6.31% +16.17% +3.56% 93
BLK Blackrock Inc 1.96% 1036.11 +1.61% +4.06% +2.39% -2.66% 22
SPGI S&P Global Inc 1.69% 430.50 -0.57% -2.13% +1.34% -17.24% 17
CB Chubb Ltd 1.57% 347.83 +0.01% -3.69% +7.32% +11.77% 43
PGR Progressive Corp 1.57% 230.72 +0.52% -0.65% +15.29% +7.81% 91
COF Capital One Financial Corp 1.52% 201.52 +0.71% -1.76% +9.91% -16.17% 67
BNY Bank of New York Mellon Corp 1.30% 151.92 -0.22% +3.61% +6.05% +31.97% 34
CME CME Group 1.28% 240.27 +0.23% +1.55% -6.12% -9.91% 4
PNC PNC Bank 1.26% 251.91 +0.40% +0.97% +8.50% +22.55% 62
BX Blackstone Inc 1.21% 123.09 +0.77% +0.25% +2.33% -18.47% 21
USB U.S. Bancorp 1.21% 62.41 +0.82% +1.10% +11.41% +18.17% 78
MRSH Marsh & Mclennan Companies 1.07% 178.31 -0.39% -0.13% +7.73% -2.90% 54
ICE Intercontinental Exchange 1.05% 135.26 +0.11% +1.71% -4.10% -16.22% 7
HOOD Robinhood Markets Inc Cl A 0.97% 111.97 -2.73% -0.67% +33.66% -1.00% 99
AON AON Plc 0.95% 356.94 +0.39% -0.15% +7.64% +1.63% 53
MCO Moody's Corp 0.90% 487.28 +0.05% -0.66% +8.30% -4.18% 58
KKR KKR & Company LP 0.87% 96.94 +0.70% +3.30% +1.15% -23.67% 14
TRV The Travelers Companies 0.87% 338.92 +0.43% -0.99% +13.35% +17.27% 88
TFC Truist Financial Corp 0.86% 51.67 +0.58% +1.35% +4.53% +7.18% 26
APO Apollo Asset Management 0.82% 120.34 +0.42% +1.46% -9.31% -16.18% 0
ALL Allstate Corp 0.76% 251.61 +1.19% +0.51% +15.85% +22.13% 92
AJG Arthur J. Gallagher & Company 0.74% 253.09 -0.26% +0.26% +16.60% -1.58% 95
AFL Aflac Inc 0.72% 121.91 -0.07% +0.85% +5.45% +11.72% 32
FITB Fifth Third Bancorp 0.65% 57.07 +0.94% -0.16% +8.27% +23.02% 57
MET Metlife Inc 0.64% 91.65 +0.55% +1.77% +7.11% +17.83% 39
STT State Street Corp 0.62% 180.22 +0.03% +5.58% +10.40% +41.55% 71
MSCI MSCI Inc 0.58% 604.71 +0.23% +0.27% -0.47% +6.20% 9
AMP Ameriprise Financial Services 0.55% 506.76 +1.32% +3.60% +12.82% +4.03% 84
IBKR Interactive Brokers 0.53% 94.09 -1.25% +3.02% +8.99% +46.61% 63
AIG American International Group 0.53% 79.17 +0.08% -0.28% +7.81% -6.91% 55
NDAQ Nasdaq Inc 0.53% 88.08 +0.64% +4.04% +1.00% -9.03% 13
PYPL Paypal Holdings 0.50% 46.32 +2.21% +1.87% +11.72% -20.42% 79
XYZ Block Inc 0.50% 77.30 -0.15% -1.94% +13.19% +18.76% 86
PRU Prudential Financial Inc 0.50% 115.37 +0.32% +2.14% +11.25% +5.03% 76
HIG The Hartford Insurance Group 0.48% 138.78 +0.19% +0.67% +7.61% +1.62% 51
COIN Coinbase Global Cl A 0.47% 159.07 +0.40% -3.87% +2.30% -29.66% 20
HBAN Huntington Bancshares 0.47% 17.87 +0.62% +0.06% +7.20% +4.04% 42
MTB M&T Bank Corp 0.46% 242.34 +1.85% +1.45% +7.50% +21.96% 46
ACGL Arch Capital Grp Ltd 0.43% 101.06 -0.63% -1.12% +11.78% +5.36% 80
NTRS Northern Trust Corp 0.43% 183.55 +0.38% +3.99% +7.59% +35.76% 49
CBOE CBOE Global Markets 0.41% 268.07 +0.08% +7.66% -7.75% +7.29% 1
FISV Fiserv Inc 0.38% 50.45 -2.32% -3.59% -6.63% -24.89% 3
CFG Citizens Financial Group 0.38% 70.34 +0.69% -0.90% +7.11% +22.14% 41
ARES Ares Management LP 0.37% 121.81 +0.12% +4.20% -5.80% -23.61% 5
RJF Raymond James Financial 0.36% 168.12 -0.36% +3.36% +11.07% +5.44% 74
CINF Cincinnati Financial 0.35% 179.28 +2.19% -6.64% +9.43% +10.42% 64
SYF Synchrony Financial 0.34% 72.44 +1.22% -5.10% +0.15% -12.47% 11
RF Regions Financial Corp 0.33% 31.02 +1.44% +2.44% +8.46% +16.67% 61
WTW Willis Towers Watson Public 0.33% 289.65 +0.18% +1.20% +10.91% -11.56% 72
CPAY Corpay Inc 0.33% 353.64 +0.71% +0.33% -1.17% +17.52% 8
TROW T Rowe Price Group 0.31% 118.55 +1.28% +0.00% +13.28% +17.52% 87
PFG Principal Financial Group 0.29% 112.23 +0.50% +1.23% +5.22% +29.40% 28
KEY Keycorp 0.28% 23.30 +0.87% +1.22% +5.43% +15.13% 30
WRB W.R. Berkley Corp 0.27% 72.19 +0.52% +0.15% +8.36% +4.01% 59
FIS Fidelity National Information Services 0.27% 41.98 +0.89% +0.43% +6.20% -36.29% 36
L Loews Corp 0.24% 114.99 -0.14% -1.31% +7.52% +9.32% 47
BRO Brown & Brown 0.23% 67.66 -0.27% -3.34% +14.46% -14.66% 89
GPN Global Payments Inc 0.21% 76.04 +2.23% -3.29% +19.62% -1.43% 97
EG Everest Re Group 0.18% 370.58 -0.11% -0.21% +12.34% +9.88% 82
GL Globe Life Inc 0.17% 179.13 +0.15% -0.57% +12.43% +28.63% 83
AIZ Assurant Inc 0.17% 278.89 -0.11% -0.21% +11.12% +16.26% 75
IVZ Invesco Limited 0.17% 28.98 +1.29% +7.29% +3.83% +12.08% 24
BEN Franklin Resources 0.13% 33.50 -0.53% -1.79% +5.35% +42.28% 29
JKHY Jack Henry & Assoc 0.12% 150.32 +0.07% +2.35% +18.04% -16.95% 96
FDS Factset Research Systems 0.12% 247.11 +2.15% -1.19% +0.42% -13.99% 12
ERIE Erie Indemnity Company 0.08% 251.81 +1.61% -2.31% +10.14% -11.19% 70

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.