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 | +0.98% | +0.39 | -1pp | +0.04pp | Improving |
| 1 month | +6.98% | +3.68 | +11pp | +1.31pp | Confirming ↑ |
| 1 quarter | -0.17% | -1.16 | +9pp | +1.35pp | Weakening |
Over the last 126 sessions: price up +11.46%, breadth up (+4.47/name) · % beating 54→54 · median−ETF +1.32pp→+0.68pp.
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 2026-11-05.
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%) | 18 (24%) | -10 |
| 1-Month | 7 (9%) | 8 (11%) | -1 |
| 3-Month | 7 (9%) | 8 (11%) | -1 |
| 6-Month | 5 (7%) | 5 (7%) | +0 |
| 52-Week | 2 (3%) | 2 (3%) | +0 |
| YTD | 2 (3%) | 2 (3%) | +0 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -2.87% | -2.15% | +0.72pp | 8 / 68 | 50 / 26 | 29 of 76 | ±2.55% |
| 5d | +0.98% | +1.63% | +0.64pp | 44 / 32 | 42 / 34 | 8 of 76 | ±6.82% |
| 21d | +6.98% | +7.66% | +0.68pp | 63 / 13 | 41 / 35 | 7 of 76 | ±11.46% |
| YTD | +5.52% | +8.37% | +2.85pp | 55 / 21 | 43 / 33 | 4 of 76 | ±17.92% |
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)
- CPAY+6.78%+0.02pp
- CBOE+2.28%+0.01pp
- AFL+0.75%+0.01pp
- FISV+1.11%+0pp
- ERIE+2.03%+0pp
- JPM-4.19%-0.48pp
- GS-6.36%-0.27pp
- V-3.20%-0.23pp
- MS-5.94%-0.2pp
- BAC-3.62%-0.18pp
This month (21d)
- BRK.B+13.05%+1.54pp
- V+13.57%+0.97pp
- MA+15.24%+0.8pp
- SPGI+19.54%+0.33pp
- JPM+2.35%+0.27pp
- BAC-7.03%-0.34pp
- HOOD-28.42%-0.28pp
- C-6.97%-0.22pp
- MS-3.83%-0.13pp
- COIN-23.33%-0.11pp
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)
- FISV+38.47%
- ERIE+31.16%
- AON+27.33%
- AJG+26.86%
- CBOE+25.39%
- HOOD-28.42%
- COIN-23.33%
- IBKR-17.11%
- FIS-13.10%
- IVZ-11.21%
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% | 572.33 | -1.17% | +5.60% | +13.05% | +13.86% | 66 |
| JPM JP Morgan Chase & Company | 11.38% | 337.34 | -4.19% | -1.82% | +2.35% | +5.70% | 22 |
| V Visa Inc | 7.13% | 422.59 | -3.20% | +2.94% | +13.57% | +20.74% | 67 |
| MA Mastercard Inc | 5.25% | 655.92 | -2.49% | +3.18% | +15.24% | +15.27% | 74 |
| BAC Bank of America Corp | 4.89% | 49.76 | -3.62% | -2.70% | -7.03% | -9.02% | 7 |
| GS Goldman Sachs Group | 4.19% | 868.95 | -6.36% | -6.34% | -2.06% | -0.62% | 14 |
| WFC Wells Fargo & Company | 3.41% | 84.80 | -3.01% | -0.01% | +5.66% | -8.57% | 38 |
| MS Morgan Stanley | 3.39% | 182.44 | -5.94% | -3.39% | -3.83% | +3.89% | 11 |
| C Citigroup Inc | 3.21% | 118.45 | -5.04% | -5.30% | -6.97% | +2.52% | 8 |
| AXP American Express Company | 2.29% | 324.97 | -2.29% | +0.39% | +7.14% | -11.68% | 46 |
| SCHW The Charles Schwab Corp | 2.00% | 92.58 | -0.85% | +3.48% | -3.14% | -7.02% | 12 |
| BLK Blackrock Inc | 1.96% | 1170.67 | -4.39% | -0.47% | +9.45% | +9.98% | 55 |
| SPGI S&P Global Inc | 1.69% | 472.41 | -1.93% | +2.55% | +19.54% | -9.18% | 87 |
| CB Chubb Ltd | 1.57% | 371.63 | -0.68% | +2.58% | +11.03% | +19.42% | 61 |
| PGR Progressive Corp | 1.57% | 233.18 | -0.70% | +1.30% | +8.90% | +8.96% | 51 |
| COF Capital One Financial Corp | 1.52% | 203.84 | -1.20% | -2.35% | +4.05% | -15.21% | 30 |
| BNY Bank of New York Mellon Corp | 1.30% | 147.49 | -3.42% | -1.26% | +3.34% | +28.12% | 26 |
| CME CME Group | 1.28% | 307.24 | -0.33% | +3.65% | +13.68% | +15.20% | 68 |
| PNC PNC Bank | 1.26% | 226.75 | -2.87% | -2.19% | +5.11% | +10.31% | 36 |
| BX Blackstone Inc | 1.21% | 119.82 | -4.58% | +0.30% | +7.14% | -20.63% | 47 |
| USB U.S. Bancorp | 1.21% | 59.75 | -2.10% | -1.47% | +6.37% | +13.13% | 41 |
| MRSH Marsh & Mclennan Companies | 1.07% | 209.43 | -0.45% | +6.29% | +20.60% | +14.05% | 89 |
| ICE Intercontinental Exchange | 1.05% | 174.00 | -0.53% | +6.72% | +14.03% | +7.78% | 70 |
| HOOD Robinhood Markets Inc Cl A | 0.97% | 78.39 | -10.32% | -14.41% | -28.42% | -30.69% | 0 |
| AON AON Plc | 0.95% | 344.40 | -0.08% | +7.35% | +27.33% | -1.94% | 96 |
| MCO Moody's Corp | 0.90% | 515.34 | -2.46% | +5.42% | +14.61% | +1.34% | 71 |
| KKR KKR & Company LP | 0.87% | 98.30 | -3.00% | +2.59% | +9.62% | -22.60% | 57 |
| TRV The Travelers Companies | 0.87% | 402.89 | -1.55% | +1.16% | +11.72% | +39.40% | 63 |
| TFC Truist Financial Corp | 0.86% | 49.84 | -2.02% | +1.05% | +9.35% | +3.38% | 54 |
| APO Apollo Asset Management | 0.82% | 117.27 | -4.47% | -1.09% | +1.49% | -18.32% | 20 |
| ALL Allstate Corp | 0.76% | 266.72 | -0.87% | +4.22% | +19.10% | +29.47% | 86 |
| AJG Arthur J. Gallagher & Company | 0.74% | 288.11 | -0.09% | +7.42% | +26.86% | +12.04% | 95 |
| AFL Aflac Inc | 0.72% | 126.24 | +0.75% | +2.19% | +11.97% | +15.69% | 64 |
| FITB Fifth Third Bancorp | 0.65% | 53.45 | -2.32% | -1.82% | +6.64% | +15.22% | 43 |
| MET Metlife Inc | 0.64% | 99.75 | -3.05% | -0.49% | +4.14% | +28.24% | 32 |
| STT State Street Corp | 0.62% | 165.23 | -4.72% | -4.90% | -5.14% | +29.78% | 9 |
| MSCI MSCI Inc | 0.58% | 655.91 | -2.73% | +6.04% | +18.10% | +15.19% | 84 |
| AMP Ameriprise Financial Services | 0.55% | 509.32 | -3.43% | +2.29% | +3.82% | +4.56% | 29 |
| IBKR Interactive Brokers | 0.53% | 72.73 | -6.61% | -11.06% | -17.11% | +13.33% | 3 |
| AIG American International Group | 0.53% | 80.93 | -0.95% | -0.63% | +6.97% | -4.84% | 45 |
| NDAQ Nasdaq Inc | 0.53% | 106.83 | -2.62% | +1.16% | +16.21% | +10.33% | 79 |
| PYPL Paypal Holdings | 0.50% | 58.96 | -2.06% | +3.53% | +7.30% | +1.30% | 49 |
| XYZ Block Inc | 0.50% | 84.04 | -4.10% | +9.21% | +10.48% | +29.11% | 59 |
| PRU Prudential Financial Inc | 0.50% | 122.46 | -3.29% | +4.78% | +8.99% | +11.48% | 53 |
| HIG The Hartford Insurance Group | 0.48% | 137.09 | -0.74% | +3.81% | +8.01% | +0.38% | 50 |
| COIN Coinbase Global Cl A | 0.47% | 136.82 | -9.69% | -14.80% | -23.33% | -39.50% | 1 |
| HBAN Huntington Bancshares | 0.47% | 15.61 | -2.80% | -2.25% | +2.90% | -9.11% | 24 |
| MTB M&T Bank Corp | 0.46% | 219.78 | -2.16% | -1.91% | +1.45% | +10.61% | 18 |
| ACGL Arch Capital Grp Ltd | 0.43% | 110.57 | -0.10% | +6.38% | +17.22% | +15.27% | 83 |
| NTRS Northern Trust Corp | 0.43% | 171.39 | -3.72% | -0.88% | +1.91% | +26.77% | 21 |
| CBOE CBOE Global Markets | 0.41% | 353.07 | +2.28% | +12.35% | +25.39% | +41.31% | 93 |
| FISV Fiserv Inc | 0.38% | 62.74 | +1.11% | +29.41% | +38.47% | -6.60% | 99 |
| CFG Citizens Financial Group | 0.38% | 63.83 | -3.14% | -2.16% | +1.21% | +10.84% | 17 |
| ARES Ares Management LP | 0.37% | 133.72 | -2.29% | +4.90% | +15.52% | -16.14% | 76 |
| RJF Raymond James Financial | 0.36% | 164.82 | -2.29% | +2.19% | +4.81% | +3.37% | 34 |
| CINF Cincinnati Financial | 0.35% | 188.31 | -1.14% | +3.54% | +16.52% | +15.98% | 80 |
| SYF Synchrony Financial | 0.34% | 74.07 | -1.28% | -3.33% | +2.98% | -10.50% | 25 |
| RF Regions Financial Corp | 0.33% | 28.41 | -2.14% | -1.63% | +6.40% | +6.85% | 42 |
| WTW Willis Towers Watson Public | 0.33% | 336.51 | -0.25% | +4.92% | +15.77% | +2.75% | 78 |
| CPAY Corpay Inc | 0.33% | 447.00 | +6.78% | +12.32% | +11.08% | +48.54% | 62 |
| TROW T Rowe Price Group | 0.31% | 108.71 | -3.43% | +1.95% | +4.46% | +7.76% | 33 |
| PFG Principal Financial Group | 0.29% | 112.82 | -3.83% | -0.73% | +3.76% | +30.08% | 28 |
| KEY Keycorp | 0.28% | 20.96 | -2.74% | -2.47% | +5.70% | +3.57% | 39 |
| WRB W.R. Berkley Corp | 0.27% | 76.98 | +0.35% | +5.31% | +10.40% | +10.91% | 58 |
| FIS Fidelity National Information Services | 0.27% | 29.39 | -1.24% | -21.16% | -13.10% | -55.40% | 4 |
| L Loews Corp | 0.24% | 111.13 | -0.48% | -0.50% | +5.17% | +5.65% | 37 |
| BRO Brown & Brown | 0.23% | 74.38 | +0.66% | +9.92% | +20.51% | -6.19% | 88 |
| GPN Global Payments Inc | 0.21% | 94.98 | -1.16% | +10.80% | +17.14% | +23.12% | 82 |
| EG Everest Re Group | 0.18% | 417.79 | -0.83% | +4.29% | +15.32% | +23.88% | 75 |
| GL Globe Life Inc | 0.17% | 159.21 | -1.55% | -0.77% | -2.57% | +14.33% | 13 |
| AIZ Assurant Inc | 0.17% | 306.87 | -0.53% | +4.84% | +15.05% | +27.93% | 72 |
| IVZ Invesco Limited | 0.17% | 27.08 | -8.02% | -6.69% | -11.21% | +4.73% | 5 |
| BEN Franklin Resources | 0.13% | 32.21 | -4.90% | -0.40% | -0.83% | +36.80% | 16 |
| JKHY Jack Henry & Assoc | 0.12% | 180.26 | +0.61% | +12.93% | +23.73% | -0.41% | 91 |
| FDS Factset Research Systems | 0.12% | 340.47 | -0.50% | +6.38% | +24.81% | +18.51% | 92 |
| ERIE Erie Indemnity Company | 0.08% | 285.63 | +2.03% | +13.89% | +31.16% | +0.74% | 97 |
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 2026-11-05: over 21 sessions the fund returned +6.98% while its median constituent returned +7.66% — a dispersion of 11.46 pp; 54% of 76 members beat the fund. Broad advance - breadth is rising with price.
How did XLF's members trade in the last session?
As of 2026-11-05: fund -2.87%, median member -2.15%, 8 advancers vs 68 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.