Constituent dispersion · breadth vs the index
XLK — Technology 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 | -5.44% | -1.31 | -9pp | -1.95pp | Confirming ↓ |
| 1 month | +3.76% | +0.68 | -2pp | -0.66pp | Confirming ↑ |
| 1 quarter | +7.27% | +0.65 | -13pp | -3.41pp | Confirming ↑ |
Over the last 126 sessions: price up +25.41%, breadth up (+3.65/name) · % beating 46→38 · median−ETF -2.88pp→-2.75pp.
Stocks above their moving average — participation breadth
Of the 72 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 2026-10-14.
New highs & new lows — by horizon
How many of the 72 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%) | 47 (65%) | -39 |
| 1-Month | 4 (6%) | 12 (17%) | -8 |
| 3-Month | 2 (3%) | 4 (6%) | -2 |
| 6-Month | 2 (3%) | 2 (3%) | +0 |
| 52-Week | 1 (1%) | 1 (1%) | +0 |
| YTD | 1 (1%) | 1 (1%) | +0 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -2.98% | -2.88% | +0.10pp | 13 / 59 | 37 / 35 | 17 of 72 | ±2.99% |
| 5d | -5.44% | -3.86% | +1.58pp | 22 / 50 | 37 / 35 | 8 of 72 | ±7.63% |
| 21d | +3.76% | +1.17% | -2.59pp | 42 / 30 | 28 / 44 | 5 of 72 | ±11.04% |
| YTD | +32.59% | +23.29% | -9.31pp | 52 / 20 | 32 / 40 | 0 of 72 | ±88.14% |
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)
- AAPL+0.50%+0.06pp
- INTU+2.98%+0.01pp
- ADBE+1.86%+0.01pp
- NOW+0.99%+0.01pp
- ACN+0.66%+0pp
- NVDA-3.16%-0.42pp
- AMD-5.73%-0.31pp
- MU-4.08%-0.29pp
- INTC-4.56%-0.17pp
- AVGO-3.10%-0.15pp
This month (21d)
- AMD+13.21%+0.71pp
- NVDA+4.30%+0.57pp
- MSFT+7.36%+0.56pp
- AAPL+3.51%+0.39pp
- PLTR+16.46%+0.31pp
- APP-20.90%-0.18pp
- SNDK-8.33%-0.16pp
- WDC-11.62%-0.14pp
- IBM-8.25%-0.13pp
- QCOM-8.08%-0.12pp
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)
- PTC+45.87%
- SNPS+30.52%
- CDNS+20.26%
- NTAP+16.99%
- DDOG+16.96%
- FICO-27.01%
- GEN-23.79%
- APP-20.90%
- SWKS-14.57%
- AKAM-12.99%
XLK — constituent leadership race
$100 in each covered XLK 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 — 72 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| NVDA Nvidia Corp | 13.14% | 221.30 | -3.16% | -6.81% | +4.30% | +18.80% | 61 |
| AAPL Apple Inc | 11.26% | 342.96 | +0.50% | +1.87% | +3.51% | +26.27% | 60 |
| MSFT Microsoft Corp | 7.64% | 533.69 | -1.80% | +0.74% | +7.36% | +10.61% | 78 |
| MU Micron Technology | 7.09% | 914.13 | -4.08% | -15.97% | -1.45% | +220.42% | 31 |
| AMD Adv Micro Devices | 5.35% | 570.82 | -5.73% | -11.62% | +13.21% | +166.54% | 88 |
| AVGO Broadcom Ltd | 4.77% | 346.25 | -3.10% | -8.04% | +2.24% | +0.25% | 56 |
| INTC Intel Corp | 3.75% | 98.12 | -4.56% | -13.26% | +1.01% | +165.91% | 49 |
| CSCO Cisco Systems Inc | 3.07% | 113.64 | -1.24% | -3.19% | +3.24% | +49.12% | 58 |
| LRCX Lam Research Corp | 2.94% | 286.92 | -4.71% | -12.93% | +6.04% | +67.93% | 64 |
| AMAT Applied Materials | 2.89% | 446.63 | -3.79% | -14.22% | +6.05% | +74.01% | 65 |
| KLAC K L A-Tencor Corp | 2.14% | 178.81 | -2.82% | -9.16% | +6.42% | +47.71% | 69 |
| ORCL Oracle Corp | 2.00% | 133.08 | -7.07% | -6.96% | -5.18% | -31.30% | 21 |
| PLTR Palantir Technologies Cl A | 1.88% | 200.97 | -3.69% | +3.53% | +16.46% | +13.06% | 92 |
| SNDK Sandisk Corp | 1.88% | 1403.34 | -5.33% | -17.08% | -8.33% | +491.18% | 11 |
| TXN Texas Instruments | 1.75% | 280.65 | -2.50% | -2.88% | +6.54% | +62.82% | 71 |
| IBM Intl Business Machines | 1.63% | 227.88 | -1.26% | +3.34% | -8.25% | -22.63% | 13 |
| PANW Palo Alto Networks | 1.45% | 375.04 | -5.54% | -7.53% | -0.01% | +103.60% | 40 |
| QCOM Qualcomm Inc | 1.45% | 172.62 | -2.40% | -2.54% | -8.08% | +1.57% | 14 |
| ADI Analog Devices | 1.31% | 403.57 | -2.68% | -1.59% | +11.68% | +49.27% | 86 |
| STX Seagate Technology Holdings | 1.30% | 713.54 | -4.50% | -11.64% | -7.48% | +159.55% | 17 |
| WDC Western Digital Corp | 1.22% | 364.10 | -4.36% | -10.19% | -11.62% | +111.46% | 7 |
| APH Amphenol Corp | 1.21% | 82.69 | -3.73% | -5.55% | +6.66% | +22.80% | 72 |
| CRWD Crowdstrike Holdings | 1.10% | 249.29 | -4.56% | -6.08% | +2.80% | +112.72% | 57 |
| ANET Arista Networks Inc | 1.08% | 195.42 | -4.45% | -9.46% | +1.34% | +49.14% | 50 |
| CRM Salesforce Inc | 1.00% | 235.95 | -0.87% | +5.07% | -7.54% | -10.71% | 15 |
| GLW Corning Inc | 0.90% | 140.89 | -5.15% | -13.70% | -1.87% | +61.21% | 29 |
| APP Applovin Corp Cl A | 0.86% | 262.19 | -3.71% | -6.79% | -20.90% | -61.09% | 3 |
| DELL Dell Technologies Inc | 0.75% | 572.47 | -0.74% | -0.27% | +7.15% | +358.18% | 76 |
| NOW Servicenow Inc | 0.69% | 139.98 | +0.99% | +1.53% | -1.35% | -8.62% | 32 |
| CDNS Cadence Design Sys | 0.67% | 329.46 | -1.42% | -7.49% | +20.26% | +5.40% | 96 |
| ACN Accenture Plc | 0.67% | 214.96 | +0.66% | +10.19% | +11.15% | -18.73% | 85 |
| FTNT Fortinet Inc | 0.59% | 184.05 | -3.52% | -2.76% | +6.78% | +131.77% | 74 |
| SNPS Synopsys Inc | 0.56% | 479.93 | -2.95% | -4.52% | +30.52% | +2.17% | 97 |
| ADBE Adobe Systems Inc | 0.54% | 240.68 | +1.86% | +3.40% | -6.63% | -31.23% | 18 |
| INTU Intuit Inc | 0.49% | 310.44 | +2.98% | +4.93% | -5.72% | -52.90% | 19 |
| MPWR Monolithic Power Sys | 0.49% | 1243.11 | -5.79% | -12.82% | +8.81% | +37.43% | 82 |
| NXPI Nxp Semiconductors | 0.49% | 220.83 | -2.43% | -6.12% | -2.00% | +2.26% | 28 |
| DDOG Datadog Inc Cl A | 0.48% | 269.33 | -4.94% | -0.74% | +16.96% | +98.05% | 93 |
| COHR Coherent Corp | 0.46% | 263.32 | -9.19% | -21.29% | -2.89% | +42.67% | 25 |
| MSI Motorola Solutions | 0.44% | 451.73 | +0.61% | +0.76% | -3.46% | +18.16% | 22 |
| LITE Lumentum Holdings | 0.42% | 896.33 | -9.28% | -19.33% | +6.84% | +143.18% | 75 |
| HPE Hewlett Packard Enterprise | 0.41% | 63.11 | -8.28% | -12.46% | +13.22% | +164.43% | 89 |
| TER Teradyne Inc | 0.41% | 359.44 | -5.48% | -12.71% | +7.99% | +85.78% | 81 |
| CIEN Ciena Corp | 0.40% | 359.60 | -10.19% | -19.45% | +7.56% | +53.76% | 79 |
| TEL Te Connectivity Ltd | 0.40% | 210.25 | -2.63% | -2.59% | +4.38% | -6.94% | 63 |
| KEYS Keysight Technologies | 0.39% | 357.62 | -3.40% | -6.24% | +14.12% | +76.00% | 90 |
| MCHP Microchip Technology | 0.33% | 71.25 | -3.92% | -8.68% | -0.34% | +12.48% | 39 |
| ON On Semiconductor | 0.30% | 73.36 | -4.34% | -11.09% | +0.22% | +35.48% | 43 |
| ADSK Autodesk Inc | 0.27% | 231.14 | +0.31% | -1.66% | +2.05% | -21.91% | 54 |
| JBL Jabil Circuit | 0.26% | 293.91 | -7.53% | -1.86% | -0.72% | +28.97% | 38 |
| ROP Roper Industries | 0.23% | 372.69 | +1.16% | +3.94% | -2.93% | -15.89% | 24 |
| NTAP Netapp Inc | 0.21% | 222.20 | -7.03% | -5.54% | +16.99% | +109.57% | 94 |
| Q Qnity Electronics Inc | 0.20% | 121.62 | -1.04% | -6.24% | +6.13% | +49.12% | 68 |
| TDY Teledyne Technologies | 0.19% | 608.90 | -0.38% | +0.79% | +1.74% | +19.22% | 53 |
| FSLR First Solar Inc | 0.18% | 179.08 | -4.03% | -0.58% | -11.50% | -31.45% | 8 |
| FICO Fair Isaac and Company | 0.18% | 719.63 | -0.47% | +5.55% | -27.01% | -57.43% | 0 |
| WDAY Workday Inc | 0.18% | 188.77 | +1.48% | +2.45% | -1.00% | -12.11% | 35 |
| CTSH Cognizant Tech Sol | 0.16% | 62.47 | +1.86% | +9.46% | -1.28% | -24.35% | 33 |
| HPQ HP Inc | 0.15% | 30.46 | -0.56% | -5.52% | -9.93% | +38.93% | 10 |
| VRSN Verisign Inc | 0.15% | 301.41 | -0.12% | +2.44% | +1.40% | +24.86% | 51 |
| FFIV F5 Inc | 0.14% | 457.26 | -3.99% | -2.01% | +6.12% | +79.13% | 67 |
| AKAM Akamai Technologies | 0.12% | 91.71 | -8.23% | -12.33% | -12.99% | +5.11% | 6 |
| CDW CDW Corp | 0.11% | 150.10 | -1.23% | +9.71% | -2.37% | +11.42% | 26 |
| SMCI Super Micro Computer | 0.10% | 35.78 | -8.42% | -20.38% | +0.39% | +22.24% | 44 |
| PTC Ptc Inc | 0.09% | 193.64 | -0.16% | +0.02% | +45.87% | +11.15% | 99 |
| GEN Gen Digital Inc | 0.09% | 23.80 | -0.04% | +6.30% | -23.79% | -11.53% | 1 |
| TYL Tyler Technologies | 0.08% | 350.11 | +0.93% | +5.35% | -0.86% | -22.87% | 36 |
| TRMB Trimble Navigation | 0.08% | 59.10 | -1.53% | -1.60% | +0.51% | -24.57% | 46 |
| ZBRA Zebra Technologies | 0.07% | 376.88 | -2.51% | -2.38% | +9.96% | +55.21% | 83 |
| SWKS Skyworks Solutions | 0.07% | 76.89 | +0.43% | -7.84% | -14.57% | +23.77% | 4 |
| IT Gartner Inc | 0.07% | 195.77 | -0.60% | +5.38% | +0.08% | -22.40% | 42 |
| GDDY Godaddy Inc | 0.07% | 103.36 | +0.32% | +6.33% | +0.96% | -16.70% | 47 |
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
XLK dispersion — data Q&A
Is XLK's move broad or carried by a few names (21 sessions)?
As of 2026-10-14: over 21 sessions the fund returned +3.76% while its median constituent returned +1.17% — a dispersion of 11.04 pp; 39% of 72 members beat the fund. Broad advance - breadth is rising with price.
How did XLK's members trade in the last session?
As of 2026-10-14: fund -2.98%, median member -2.88%, 13 advancers vs 59 decliners.
What does the dispersion page for XLK 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. 72 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.