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 | +1.92% | +0.88 | -5pp | -0.81pp | Confirming ↑ |
| 1 month | -0.83% | -0.88 | +4pp | +0.37pp | Weakening |
| 1 quarter | -1.76% | -2.37 | -17pp | -3.13pp | Confirming ↓ |
Over the last 126 sessions: price up +6.74%, breadth up (+2.58/name) · % beating 51→45 · median−ETF +0.22pp→-0.72pp.
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 2026-10-15.
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 | 41 (54%) | 3 (4%) | +38 |
| 1-Month | 23 (30%) | 3 (4%) | +20 |
| 3-Month | 3 (4%) | 3 (4%) | +0 |
| 6-Month | 2 (3%) | 1 (1%) | +1 |
| 52-Week | 2 (3%) | 0 (0%) | +2 |
| YTD | 2 (3%) | 0 (0%) | +2 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.38% | +1.81% | +0.43pp | 70 / 6 | 50 / 26 | 39 of 76 | ±1.63% |
| 5d | +1.92% | +1.23% | -0.69pp | 51 / 25 | 35 / 41 | 20 of 76 | ±3.09% |
| 21d | -0.83% | -1.55% | -0.72pp | 28 / 47 | 34 / 42 | 12 of 76 | ±5.59% |
| YTD | +1.43% | +3.08% | +1.65pp | 44 / 32 | 42 / 34 | 4 of 76 | ±16.41% |
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)
- V+2.13%+0.15pp
- MA+2.17%+0.11pp
- BLK+4.38%+0.09pp
- WFC+2.29%+0.08pp
- SPGI+3.97%+0.07pp
- SCHW-2.73%-0.05pp
- BRK.B-0.13%-0.02pp
- APO-1.34%-0.01pp
- PNC-0.40%-0.01pp
- AFL-0.14%0pp
This month (21d)
- V+7.77%+0.55pp
- MA+8.55%+0.45pp
- BLK+8.05%+0.16pp
- BRK.B+1.13%+0.13pp
- CME+6.24%+0.08pp
- BAC-10.71%-0.52pp
- JPM-3.84%-0.44pp
- MS-10.04%-0.34pp
- C-7.33%-0.24pp
- SCHW-10.46%-0.21pp
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)
- CBOE+13.93%
- COIN+11.73%
- FDS+9.20%
- MA+8.55%
- PYPL+8.44%
- BX-11.54%
- BAC-10.71%
- SCHW-10.46%
- APO-10.17%
- MS-10.04%
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% | 525.68 | -0.13% | +2.86% | +1.13% | +4.58% | 68 |
| JPM JP Morgan Chase & Company | 11.38% | 335.53 | +0.07% | +1.24% | -3.84% | +5.13% | 36 |
| V Visa Inc | 7.13% | 399.75 | +2.13% | +6.57% | +7.77% | +14.22% | 91 |
| MA Mastercard Inc | 5.25% | 616.32 | +2.17% | +7.39% | +8.55% | +8.31% | 95 |
| BAC Bank of America Corp | 4.89% | 51.70 | +0.60% | -3.56% | -10.71% | -5.47% | 1 |
| GS Goldman Sachs Group | 4.19% | 891.28 | +1.43% | +0.98% | -4.98% | +1.93% | 21 |
| WFC Wells Fargo & Company | 3.41% | 82.75 | +2.29% | +0.88% | -4.94% | -10.78% | 22 |
| MS Morgan Stanley | 3.39% | 182.10 | +0.33% | -2.85% | -10.04% | +3.69% | 5 |
| C Citigroup Inc | 3.21% | 123.21 | +0.77% | -3.80% | -7.33% | +6.64% | 12 |
| AXP American Express Company | 2.29% | 313.87 | +2.25% | +2.19% | +0.46% | -14.70% | 63 |
| SCHW The Charles Schwab Corp | 2.00% | 94.16 | -2.73% | -2.80% | -10.46% | -5.44% | 3 |
| BLK Blackrock Inc | 1.96% | 1120.78 | +4.38% | +5.20% | +8.05% | +5.30% | 92 |
| SPGI S&P Global Inc | 1.69% | 424.81 | +3.97% | +5.48% | +4.44% | -18.33% | 83 |
| CB Chubb Ltd | 1.57% | 352.79 | +0.75% | +2.62% | +3.30% | +13.36% | 78 |
| PGR Progressive Corp | 1.57% | 213.75 | +0.14% | -2.28% | -1.49% | -0.12% | 51 |
| COF Capital One Financial Corp | 1.52% | 198.86 | +2.32% | -0.27% | -2.13% | -17.28% | 43 |
| BNY Bank of New York Mellon Corp | 1.30% | 142.09 | +3.23% | -1.06% | -7.42% | +23.43% | 11 |
| CME CME Group | 1.28% | 289.46 | +1.36% | +4.71% | +6.24% | +8.53% | 88 |
| PNC PNC Bank | 1.26% | 214.94 | -0.40% | -1.26% | -7.15% | +4.56% | 13 |
| BX Blackstone Inc | 1.21% | 109.20 | +2.82% | -3.09% | -11.54% | -27.67% | 0 |
| USB U.S. Bancorp | 1.21% | 57.39 | +2.01% | +0.63% | -3.92% | +8.66% | 33 |
| MRSH Marsh & Mclennan Companies | 1.07% | 186.54 | +4.56% | +5.59% | +5.53% | +1.58% | 86 |
| ICE Intercontinental Exchange | 1.05% | 158.41 | +2.13% | +1.97% | +2.80% | -1.88% | 74 |
| HOOD Robinhood Markets Inc Cl A | 0.97% | 103.99 | +2.88% | -2.82% | -0.41% | -8.05% | 61 |
| AON AON Plc | 0.95% | 286.80 | +4.16% | +3.49% | -4.58% | -18.34% | 24 |
| MCO Moody's Corp | 0.90% | 483.69 | +4.52% | +5.45% | +3.95% | -4.89% | 79 |
| KKR KKR & Company LP | 0.87% | 87.63 | +2.37% | -2.15% | -9.51% | -31.00% | 7 |
| TRV The Travelers Companies | 0.87% | 383.89 | +1.61% | +3.68% | +1.31% | +32.83% | 70 |
| TFC Truist Financial Corp | 0.86% | 46.57 | +2.19% | +0.84% | -3.86% | -3.40% | 34 |
| APO Apollo Asset Management | 0.82% | 111.87 | -1.34% | -2.97% | -10.17% | -22.08% | 4 |
| ALL Allstate Corp | 0.76% | 239.60 | +1.45% | +3.89% | -5.98% | +16.30% | 18 |
| AJG Arthur J. Gallagher & Company | 0.74% | 250.10 | +5.51% | +6.86% | +2.59% | -2.74% | 72 |
| AFL Aflac Inc | 0.72% | 118.05 | -0.14% | +2.71% | +1.06% | +8.18% | 67 |
| FITB Fifth Third Bancorp | 0.65% | 50.35 | +1.43% | -0.69% | -3.93% | +8.53% | 32 |
| MET Metlife Inc | 0.64% | 100.27 | +0.55% | +1.83% | +3.13% | +28.91% | 75 |
| STT State Street Corp | 0.62% | 167.60 | +0.43% | -4.28% | -8.37% | +31.64% | 8 |
| MSCI MSCI Inc | 0.58% | 575.09 | +2.60% | +2.39% | +6.38% | +1.00% | 89 |
| AMP Ameriprise Financial Services | 0.55% | 502.58 | +1.36% | +0.70% | -7.08% | +3.17% | 14 |
| IBKR Interactive Brokers | 0.53% | 86.03 | +2.25% | -0.51% | -0.82% | +34.05% | 55 |
| AIG American International Group | 0.53% | 79.12 | +2.18% | +2.69% | +4.01% | -6.97% | 80 |
| NDAQ Nasdaq Inc | 0.53% | 93.50 | +1.67% | +1.22% | +5.34% | -3.43% | 84 |
| PYPL Paypal Holdings | 0.50% | 57.16 | +1.89% | +3.89% | +8.44% | -1.79% | 93 |
| XYZ Block Inc | 0.50% | 79.83 | +5.25% | +6.11% | +4.18% | +22.65% | 82 |
| PRU Prudential Financial Inc | 0.50% | 116.35 | +2.52% | +2.48% | -0.59% | +5.92% | 59 |
| HIG The Hartford Insurance Group | 0.48% | 132.81 | +0.64% | +2.57% | -1.58% | -2.75% | 49 |
| COIN Coinbase Global Cl A | 0.47% | 183.81 | +6.32% | +6.87% | +11.73% | -18.72% | 97 |
| HBAN Huntington Bancshares | 0.47% | 15.35 | +1.66% | -0.13% | -2.01% | -10.63% | 45 |
| MTB M&T Bank Corp | 0.46% | 218.65 | +1.20% | +0.50% | -3.26% | +10.04% | 38 |
| ACGL Arch Capital Grp Ltd | 0.43% | 99.31 | +1.75% | +3.36% | +2.41% | +3.53% | 71 |
| NTRS Northern Trust Corp | 0.43% | 165.44 | +1.72% | -1.82% | -6.34% | +22.37% | 17 |
| CBOE CBOE Global Markets | 0.41% | 308.09 | +2.54% | +4.76% | +13.93% | +23.31% | 99 |
| FISV Fiserv Inc | 0.38% | 47.21 | +2.47% | +2.76% | -4.53% | -29.72% | 25 |
| CFG Citizens Financial Group | 0.38% | 63.43 | +1.37% | -1.03% | -5.10% | +10.14% | 20 |
| ARES Ares Management LP | 0.37% | 114.03 | +1.37% | -1.92% | -8.20% | -28.49% | 9 |
| RJF Raymond James Financial | 0.36% | 157.37 | +0.08% | -0.78% | -4.38% | -1.31% | 26 |
| CINF Cincinnati Financial | 0.35% | 167.22 | +0.33% | +1.19% | -1.52% | +2.99% | 50 |
| SYF Synchrony Financial | 0.34% | 74.04 | +3.23% | +0.43% | -1.12% | -10.53% | 53 |
| RF Regions Financial Corp | 0.33% | 27.31 | +1.56% | +0.89% | -4.07% | +2.72% | 30 |
| WTW Willis Towers Watson Public | 0.33% | 310.36 | +4.47% | +4.20% | -0.81% | -5.24% | 57 |
| CPAY Corpay Inc | 0.33% | 406.20 | +3.35% | +1.02% | +0.98% | +34.98% | 66 |
| TROW T Rowe Price Group | 0.31% | 101.37 | +1.76% | -2.74% | -1.01% | +0.49% | 54 |
| PFG Principal Financial Group | 0.29% | 108.96 | +1.58% | -0.74% | -6.58% | +25.63% | 16 |
| KEY Keycorp | 0.28% | 19.94 | +0.76% | -0.80% | -3.76% | -1.47% | 37 |
| WRB W.R. Berkley Corp | 0.27% | 73.97 | +0.23% | +2.66% | +5.90% | +6.58% | 87 |
| FIS Fidelity National Information Services | 0.27% | 36.13 | +1.86% | +5.21% | -1.95% | -45.17% | 46 |
| L Loews Corp | 0.24% | 108.79 | -0.28% | +1.11% | +0.00% | +3.42% | 62 |
| BRO Brown & Brown | 0.23% | 67.98 | +4.91% | +6.64% | +3.19% | -14.26% | 76 |
| GPN Global Payments Inc | 0.21% | 84.17 | +4.05% | +1.69% | -2.68% | +9.10% | 42 |
| EG Everest Re Group | 0.18% | 381.35 | +1.57% | +2.21% | +0.95% | +13.08% | 64 |
| GL Globe Life Inc | 0.17% | 167.59 | +0.11% | +0.91% | -3.12% | +20.34% | 39 |
| AIZ Assurant Inc | 0.17% | 281.87 | +2.00% | +3.30% | -0.60% | +17.51% | 58 |
| IVZ Invesco Limited | 0.17% | 28.80 | +3.11% | -4.29% | -4.26% | +11.38% | 28 |
| BEN Franklin Resources | 0.13% | 31.38 | +2.78% | -3.15% | -4.10% | +33.27% | 29 |
| JKHY Jack Henry & Assoc | 0.12% | 156.47 | +0.78% | +4.98% | -1.58% | -13.56% | 47 |
| FDS Factset Research Systems | 0.12% | 301.83 | +4.17% | +5.34% | +9.20% | +5.06% | 96 |
| ERIE Erie Indemnity Company | 0.08% | 238.69 | +3.73% | +5.36% | -2.81% | -15.81% | 41 |
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 2026-10-15: over 21 sessions the fund returned -0.83% while its median constituent returned -1.55% — a dispersion of 5.59 pp; 45% of 76 members beat the fund. Weakening below the surface - the A/D line is falling while price holds up; leadership is narrowing.
How did XLF's members trade in the last session?
As of 2026-10-15: fund +1.38%, median member +1.81%, 70 advancers vs 6 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.