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 | -2.16% | +0.14 | +4pp | +2.13pp | Improving |
| 1 month | -8.89% | -2.14 | -7pp | -0.08pp | Confirming ↓ |
| 1 quarter | +39.00% | +6.19 | -11pp | -2.79pp | Confirming ↑ |
Over the last 126 sessions: price up +23.40%, breadth up (+4.85/name) · % beating 48→42 · median−ETF -0.15pp→-2.29pp.
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 2026-07-02.
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 | 22 (31%) | 33 (46%) | -11 |
| 1-Month | 6 (8%) | 20 (28%) | -14 |
| 3-Month | 0 (0%) | 2 (3%) | -2 |
| 6-Month | 0 (0%) | 0 (0%) | +0 |
| 52-Week | 0 (0%) | 0 (0%) | +0 |
| YTD | 0 (0%) | 0 (0%) | +0 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -2.71% | -1.89% | +0.82pp | 24 / 48 | 39 / 33 | 12 of 72 | ±4.77% |
| 5d | -2.16% | -1.31% | +0.84pp | 32 / 39 | 36 / 35 | 2 of 71 | ±12.07% |
| 21d | -8.89% | -10.88% | -1.99pp | 14 / 57 | 30 / 41 | 9 of 71 | ±13.16% |
| YTD | +25.59% | +16.50% | -9.09pp | 44 / 26 | 32 / 38 | 1 of 70 | ±100.64% |
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+4.84%+0.55pp
- MSFT+1.62%+0.12pp
- PLTR+2.84%+0.05pp
- ACN+4.74%+0.03pp
- ADBE+4.14%+0.02pp
- MU-5.49%-0.39pp
- LRCX-10.19%-0.3pp
- SNDK-14.13%-0.27pp
- KLAC-11.51%-0.25pp
- AMD-4.26%-0.23pp
This month (21d)
- AMAT+23.06%+0.67pp
- INTC+11.51%+0.43pp
- KLAC+15.17%+0.32pp
- PANW+17.12%+0.25pp
- LRCX+5.08%+0.15pp
- NVDA-12.46%-1.64pp
- AVGO-25.15%-1.2pp
- MSFT-11.52%-0.88pp
- ORCL-42.65%-0.85pp
- MU-8.32%-0.59pp
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)
- AMAT+23.06%
- PANW+17.12%
- KLAC+15.17%
- INTC+11.51%
- APH+10.91%
- SMCI-45.74%
- ORCL-42.65%
- CIEN-32.62%
- AKAM-29.41%
- LITE-29.23%
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% | 194.83 | -1.39% | -0.46% | -12.46% | +4.47% | 39 |
| AAPL Apple Inc | 11.26% | 308.63 | +4.84% | +12.17% | -2.08% | +13.63% | 73 |
| MSFT Microsoft Corp | 7.64% | 390.49 | +1.62% | +10.67% | -11.52% | -19.07% | 46 |
| MU Micron Technology | 7.09% | 975.56 | -5.49% | -19.61% | -8.32% | +241.95% | 61 |
| AMD Adv Micro Devices | 5.35% | 517.82 | -4.26% | -2.77% | -0.71% | +141.79% | 76 |
| AVGO Broadcom Ltd | 4.77% | 360.45 | -2.41% | -4.87% | -25.15% | +4.36% | 14 |
| INTC Intel Corp | 3.75% | 120.35 | -5.25% | -9.42% | +11.51% | +226.15% | 94 |
| CSCO Cisco Systems Inc | 3.07% | 112.69 | -3.69% | -5.28% | -11.96% | +47.87% | 45 |
| LRCX Lam Research Corp | 2.94% | 351.41 | -10.19% | -12.55% | +5.08% | +105.53% | 89 |
| AMAT Applied Materials | 2.89% | 603.04 | -7.35% | -9.72% | +23.06% | +134.95% | 99 |
| KLAC K L A-Tencor Corp | 2.14% | 235.55 | -11.51% | -8.98% | +15.17% | — | 96 |
| ORCL Oracle Corp | 2.00% | 140.27 | -1.56% | -8.00% | -42.65% | -27.59% | 1 |
| PLTR Palantir Technologies Cl A | 1.88% | 129.30 | +2.84% | +20.54% | -15.03% | -27.26% | 30 |
| SNDK Sandisk Corp | 1.88% | 1745.00 | -14.13% | -25.27% | +1.67% | +635.11% | 83 |
| TXN Texas Instruments | 1.75% | 293.08 | -1.79% | -6.01% | -4.88% | +70.03% | 66 |
| IBM Intl Business Machines | 1.63% | 289.52 | +1.14% | +12.10% | -12.06% | -1.70% | 44 |
| PANW Palo Alto Networks | 1.45% | 348.06 | -1.13% | +18.76% | +17.12% | +88.96% | 97 |
| QCOM Qualcomm Inc | 1.45% | 176.25 | -3.12% | -13.98% | -26.55% | +3.70% | 11 |
| ADI Analog Devices | 1.31% | 377.16 | -3.04% | -9.76% | -10.88% | +39.51% | 49 |
| STX Seagate Technology Holdings | 1.30% | 820.16 | -10.38% | -20.01% | -11.49% | +198.34% | 48 |
| WDC Western Digital Corp | 1.22% | 539.00 | -9.92% | -20.19% | -4.25% | +213.03% | 69 |
| APH Amphenol Corp | 1.21% | 164.59 | -4.43% | -0.34% | +10.91% | +22.03% | 93 |
| CRWD Crowdstrike Holdings | 1.10% | 193.98 | +0.41% | — | — | — | — |
| ANET Arista Networks Inc | 1.08% | 159.99 | -3.98% | -3.30% | -8.75% | +22.10% | 58 |
| CRM Salesforce Inc | 1.00% | 166.11 | +1.76% | +10.60% | -17.08% | -37.14% | 24 |
| GLW Corning Inc | 0.90% | 196.79 | -10.81% | -13.69% | -1.80% | +125.17% | 75 |
| APP Applovin Corp Cl A | 0.86% | 527.06 | -6.65% | +18.19% | -12.97% | -21.78% | 35 |
| DELL Dell Technologies Inc | 0.75% | 394.32 | -7.27% | -3.70% | -9.42% | +215.59% | 54 |
| NOW Servicenow Inc | 0.69% | 106.32 | +0.49% | +18.77% | -16.71% | -30.60% | 25 |
| CDNS Cadence Design Sys | 0.67% | 373.14 | -1.22% | +1.33% | -10.39% | +19.37% | 51 |
| ACN Accenture Plc | 0.67% | 137.35 | +4.74% | +9.16% | -26.24% | -48.07% | 13 |
| FTNT Fortinet Inc | 0.59% | 156.25 | -1.72% | +4.22% | +4.96% | +96.76% | 86 |
| SNPS Synopsys Inc | 0.56% | 437.16 | -3.82% | -3.93% | -14.00% | -6.93% | 32 |
| ADBE Adobe Systems Inc | 0.54% | 219.72 | +4.14% | +13.60% | -16.17% | -37.22% | 27 |
| INTU Intuit Inc | 0.49% | 275.35 | +3.10% | +7.95% | -14.52% | -58.23% | 31 |
| MPWR Monolithic Power Sys | 0.49% | 1288.16 | -3.27% | -10.30% | -20.73% | +42.41% | 20 |
| NXPI Nxp Semiconductors | 0.49% | 273.36 | -2.08% | -8.47% | -15.53% | +26.59% | 28 |
| DDOG Datadog Inc Cl A | 0.48% | 260.36 | -1.56% | +17.84% | -3.26% | +91.46% | 70 |
| COHR Coherent Corp | 0.46% | 333.36 | -9.57% | -18.14% | -21.91% | +80.61% | 17 |
| MSI Motorola Solutions | 0.44% | 422.66 | +0.89% | +6.46% | +1.74% | +10.55% | 85 |
| LITE Lumentum Holdings | 0.42% | 728.32 | -9.09% | -15.51% | -29.23% | +97.60% | 6 |
| HPE Hewlett Packard Enterprise | 0.41% | 41.23 | -6.19% | -11.75% | -26.57% | +72.76% | 10 |
| TER Teradyne Inc | 0.41% | 369.09 | -13.63% | -21.80% | -5.99% | +90.76% | 65 |
| CIEN Ciena Corp | 0.40% | 422.46 | -8.65% | -12.84% | -32.62% | +80.64% | 3 |
| TEL Te Connectivity Ltd | 0.40% | 197.44 | -1.99% | -1.31% | -8.05% | -12.61% | 63 |
| KEYS Keysight Technologies | 0.39% | 313.86 | -6.48% | -12.83% | -9.44% | +54.47% | 52 |
| MCHP Microchip Technology | 0.33% | 84.64 | -4.57% | -10.07% | -12.71% | +33.61% | 37 |
| ON On Semiconductor | 0.30% | 91.22 | -3.60% | -23.18% | -29.09% | +68.46% | 7 |
| ADSK Autodesk Inc | 0.27% | 207.48 | +3.86% | +9.36% | -12.33% | -29.91% | 41 |
| JBL Jabil Circuit | 0.26% | 341.30 | -9.07% | -8.90% | -8.54% | +49.76% | 59 |
| ROP Roper Industries | 0.23% | 364.20 | +2.68% | +9.56% | +8.23% | -17.81% | 92 |
| NTAP Netapp Inc | 0.21% | 154.17 | -1.41% | -0.27% | -12.22% | +45.41% | 42 |
| Q Qnity Electronics Inc | 0.20% | 141.75 | -7.58% | -15.37% | -8.98% | +73.81% | 56 |
| TDY Teledyne Technologies | 0.19% | 652.08 | -1.38% | +3.97% | +5.38% | +27.68% | 90 |
| FSLR First Solar Inc | 0.18% | 224.57 | -3.24% | -9.68% | -27.79% | -14.03% | 8 |
| FICO Fair Isaac and Company | 0.18% | 1270.83 | +5.32% | +11.14% | +1.53% | -24.83% | 82 |
| WDAY Workday Inc | 0.18% | 135.40 | +3.94% | +19.01% | -9.05% | -36.96% | 55 |
| CTSH Cognizant Tech Sol | 0.16% | 41.99 | +2.24% | +7.25% | -23.85% | -49.15% | 15 |
| HPQ HP Inc | 0.15% | 21.93 | -0.41% | -4.32% | -18.66% | +0.03% | 23 |
| VRSN Verisign Inc | 0.15% | 256.43 | +0.21% | +2.22% | -13.78% | +6.22% | 34 |
| FFIV F5 Inc | 0.14% | 408.14 | -3.78% | +5.73% | -0.24% | +59.89% | 77 |
| AKAM Akamai Technologies | 0.12% | 113.17 | +0.32% | +0.25% | -29.41% | +29.71% | 4 |
| CDW CDW Corp | 0.11% | 133.37 | -3.64% | +4.18% | -4.54% | -1.00% | 68 |
| SMCI Super Micro Computer | 0.10% | 27.22 | -1.56% | -14.08% | -45.74% | -7.00% | 0 |
| PTC Ptc Inc | 0.09% | 124.55 | +3.98% | +10.66% | -12.50% | -28.51% | 38 |
| GEN Gen Digital Inc | 0.09% | 26.67 | +2.14% | +14.41% | -3.12% | -0.86% | 72 |
| TYL Tyler Technologies | 0.08% | 318.10 | +5.45% | +13.17% | +1.45% | -29.93% | 80 |
| TRMB Trimble Navigation | 0.08% | 53.04 | +0.87% | +5.57% | -8.14% | -32.30% | 62 |
| ZBRA Zebra Technologies | 0.07% | 267.18 | -0.25% | +9.77% | +5.01% | +10.03% | 87 |
| SWKS Skyworks Solutions | 0.07% | 62.56 | -5.11% | -10.55% | -20.93% | +0.70% | 18 |
| IT Gartner Inc | 0.07% | 136.32 | +1.91% | +7.65% | -20.10% | -45.96% | 21 |
| GDDY Godaddy Inc | 0.07% | 88.51 | +1.84% | +11.54% | -0.05% | -28.67% | 79 |
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.