Constituent dispersion · breadth vs the index
XLP — Consumer Staples 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 | -1.50% | -1.61 | -5pp | -0.71pp | Confirming ↓ |
| 1 month | -5.57% | -4.44 | -8pp | -1.00pp | Confirming ↓ |
| 1 quarter | -2.67% | -1.92 | -14pp | -2.31pp | Confirming ↓ |
Over the last 126 sessions: price up +0.64%, breadth down (-0.86/name) · % beating 39→39 · median−ETF -2.68pp→-1.43pp.
Stocks above their moving average — participation breadth
Of the 36 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 2026-09-24.
New highs & new lows — by horizon
How many of the 36 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 | 2 (6%) | 17 (47%) | -15 |
| 1-Month | 0 (0%) | 13 (36%) | -13 |
| 3-Month | 0 (0%) | 12 (33%) | -12 |
| 6-Month | 0 (0%) | 7 (19%) | -7 |
| 52-Week | 0 (0%) | 5 (14%) | -5 |
| YTD | 0 (0%) | 7 (19%) | -7 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.89% | -0.73% | +0.16pp | 8 / 28 | 20 / 16 | 20 of 36 | ±1.32% |
| 5d | -1.50% | -1.92% | -0.42pp | 6 / 30 | 14 / 22 | 14 of 36 | ±2.39% |
| 21d | -5.57% | -7.00% | -1.43pp | 5 / 31 | 14 / 22 | 1 of 36 | ±6.88% |
| YTD | +5.77% | +0.81% | -4.96pp | 19 / 17 | 14 / 22 | 0 of 36 | ±19.57% |
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)
- KR+2.22%+0.05pp
- SYY+1.36%+0.03pp
- DG+1.60%+0.03pp
- PM+0.35%+0.02pp
- DLTR+0.30%+0pp
- WMT-2.66%-0.29pp
- MNST-2.82%-0.12pp
- PG-1.16%-0.08pp
- COST-0.91%-0.08pp
- KDP-2.77%-0.08pp
This month (21d)
- WMT+2.10%+0.23pp
- ADM+3.44%+0.09pp
- MO+1.19%+0.06pp
- KR+0.80%+0.02pp
- PG+0.19%+0.01pp
- COST-6.62%-0.6pp
- MNST-12.44%-0.53pp
- PEP-8.96%-0.37pp
- CASY-27.41%-0.3pp
- CL-6.58%-0.29pp
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)
- ADM+3.44%
- WMT+2.10%
- MO+1.19%
- KR+0.80%
- PG+0.19%
- CASY-27.41%
- CLX-22.04%
- HRL-16.57%
- DLTR-15.60%
- CPB-15.42%
XLP — constituent leadership race
$100 in each covered XLP 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 — 36 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| WMT Walmart Inc | 10.99% | 107.59 | -2.66% | +0.75% | +2.10% | -3.23% | 94 |
| COST Costco Wholesale | 9.03% | 896.48 | -0.91% | +0.29% | -6.62% | +4.25% | 53 |
| PG Procter & Gamble Company | 7.20% | 145.68 | -1.16% | -1.27% | +0.19% | +3.15% | 86 |
| KO Coca-Cola Company | 6.58% | 88.10 | +0.01% | +0.05% | -3.86% | +26.89% | 67 |
| PM Philip Morris International | 5.94% | 191.50 | +0.35% | +0.54% | -1.25% | +20.45% | 81 |
| MDLZ Mondelez Intl Inc | 4.99% | 60.86 | -0.94% | -1.90% | -3.38% | +14.04% | 69 |
| MO Altria Group | 4.69% | 68.88 | -0.10% | -1.18% | +1.19% | +21.46% | 92 |
| CL Colgate-Palmolive Company | 4.38% | 85.32 | -0.71% | -2.75% | -6.58% | +9.31% | 56 |
| MNST Monster Beverage Corp | 4.26% | 42.67 | -2.82% | -4.13% | -12.44% | +11.31% | 22 |
| PEP Pepsico Inc | 4.08% | 128.15 | -1.56% | -4.12% | -8.96% | -9.91% | 39 |
| TGT Target Corp | 3.94% | 156.15 | -0.07% | -2.30% | -4.48% | +62.89% | 61 |
| KDP Keurig Dr Pepper Inc | 2.77% | 30.88 | -2.77% | -1.75% | -3.02% | +12.14% | 75 |
| ADM Archer Daniels Midland | 2.48% | 81.88 | -0.33% | -7.05% | +3.44% | +44.44% | 97 |
| SYY Sysco Corp | 2.44% | 78.19 | +1.36% | -1.16% | -6.31% | +7.70% | 58 |
| KR Kroger Company | 2.42% | 58.92 | +2.22% | -3.01% | +0.80% | -4.73% | 89 |
| KVUE Kenvue Inc | 2.24% | 17.61 | -0.34% | -0.28% | -8.90% | +4.50% | 42 |
| KMB Kimberly-Clark Corp | 2.18% | 97.22 | -0.49% | -0.99% | -11.38% | -1.11% | 28 |
| HSY Hershey Foods Corp | 1.73% | 166.88 | -0.93% | -0.86% | -10.85% | -6.99% | 31 |
| DG Dollar General Corp | 1.63% | 122.53 | +1.60% | -1.94% | -0.04% | -6.88% | 83 |
| CHD Church & Dwight Company | 1.49% | 95.33 | -0.72% | +0.29% | -7.05% | +14.41% | 47 |
| EL Estee Lauder Companies | 1.43% | 95.37 | -3.50% | +1.61% | -8.73% | -8.29% | 44 |
| DLTR Dollar Tree Inc | 1.36% | 113.50 | +0.30% | -0.79% | -15.60% | -7.73% | 8 |
| STZ Constellation Brands | 1.34% | 114.21 | -2.02% | -6.73% | -15.41% | -16.12% | 14 |
| KHC Kraft Heinz Company | 1.34% | 23.86 | +0.29% | -3.52% | -4.26% | +0.04% | 64 |
| GIS General Mills | 1.18% | 34.83 | -2.76% | -4.99% | -12.44% | -22.76% | 19 |
| BG Bunge Ltd | 1.11% | 110.21 | -1.14% | -7.63% | -1.34% | +25.18% | 78 |
| CASY Casey's General Stor | 1.08% | 598.85 | +0.26% | -1.42% | -27.41% | +8.52% | 0 |
| TSN Tyson Foods | 1.04% | 51.14 | -0.43% | -2.14% | -9.71% | -11.31% | 36 |
| SJM J.M. Smucker Company | 0.80% | 121.66 | -0.61% | -1.69% | -3.02% | +27.02% | 72 |
| MKC Mccormick & Company | 0.80% | 47.82 | -2.59% | -3.78% | -12.22% | -29.16% | 25 |
| CLX Clorox Company | 0.75% | 81.80 | -2.55% | -3.76% | -22.04% | -16.94% | 3 |
| HRL Hormel Foods Corp | 0.46% | 19.84 | -0.40% | -4.43% | -16.57% | -14.01% | 6 |
| TAP Molson Coors Brewing | 0.45% | 36.35 | -0.74% | -6.99% | -12.46% | -20.39% | 17 |
| CAG Conagra Brands | 0.42% | 14.67 | -0.74% | -3.36% | -9.83% | -11.40% | 33 |
| BF.B Brown Forman Cl B | 0.30% | 26.00 | -1.10% | -1.89% | -6.95% | +1.57% | 50 |
| CPB The Campbell's Company | 0.29% | 19.85 | -2.41% | -6.28% | -15.42% | -26.42% | 11 |
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
XLP dispersion — data Q&A
Is XLP's move broad or carried by a few names (21 sessions)?
As of 2026-09-24: over 21 sessions the fund returned -5.57% while its median constituent returned -7.00% — a dispersion of 6.88 pp; 39% of 36 members beat the fund. Broad decline - breadth is falling with price.
How did XLP's members trade in the last session?
As of 2026-09-24: fund -0.89%, median member -0.73%, 8 advancers vs 28 decliners.
What does the dispersion page for XLP 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. 36 constituents covered, re-baked nightly from the Closelook lake.
Is this investment advice?
No — a data surface in an investment research diary. It describes breadth inside a fund; it makes no recommendation.