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 | +5.34% | +2.28 | +3pp | +0.08pp | Confirming ↑ |
| 1 month | +3.46% | -0.03 | +0pp | -0.28pp | Weakening |
| 1 quarter | +0.29% | -1.25 | -17pp | -3.35pp | Weakening |
Over the last 126 sessions: price up +5.53%, breadth up (+0.58/name) · % beating 50→39 · median−ETF -0.41pp→-1.93pp.
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 2026-10-14.
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 | 34 (94%) | 0 (0%) | +34 |
| 1-Month | 21 (58%) | 0 (0%) | +21 |
| 3-Month | 6 (17%) | 0 (0%) | +6 |
| 6-Month | 2 (6%) | 0 (0%) | +2 |
| 52-Week | 1 (3%) | 0 (0%) | +1 |
| YTD | 1 (3%) | 0 (0%) | +1 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +2.22% | +1.79% | -0.43pp | 36 / 0 | 12 / 24 | 18 of 36 | ±1.19% |
| 5d | +5.34% | +4.62% | -0.72pp | 36 / 0 | 15 / 21 | 11 of 36 | ±2.07% |
| 21d | +3.46% | +1.53% | -1.93pp | 23 / 13 | 14 / 22 | 4 of 36 | ±6.3% |
| YTD | +11.41% | +5.68% | -5.73pp | 21 / 15 | 15 / 21 | 3 of 36 | ±20.97% |
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)
- WMT+3.46%+0.38pp
- COST+2.87%+0.26pp
- PM+3.16%+0.19pp
- PG+2.28%+0.16pp
- CL+3.15%+0.14pp
This month (21d)
- WMT+7.47%+0.82pp
- COST+8.95%+0.81pp
- PG+6.72%+0.48pp
- PM+5.91%+0.35pp
- CL+6.64%+0.29pp
- PEP-4.60%-0.19pp
- GIS-12.22%-0.14pp
- BG-10.55%-0.12pp
- KHC-8.21%-0.11pp
- ADM-3.43%-0.09pp
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)
- CASY+11.32%
- COST+8.95%
- CHD+8.59%
- BF.B+8.06%
- DLTR+7.95%
- GIS-12.22%
- CPB-10.58%
- BG-10.55%
- MKC-10.15%
- KHC-8.21%
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% | 116.16 | +3.46% | +7.40% | +7.47% | +4.48% | 83 |
| COST Costco Wholesale | 9.03% | 982.00 | +2.87% | +4.22% | +8.95% | +14.20% | 94 |
| PG Procter & Gamble Company | 7.20% | 156.53 | +2.28% | +5.89% | +6.72% | +10.83% | 81 |
| KO Coca-Cola Company | 6.58% | 91.78 | +1.85% | +6.94% | +3.46% | +32.19% | 61 |
| PM Philip Morris International | 5.94% | 205.58 | +3.16% | +6.69% | +5.91% | +29.31% | 75 |
| MDLZ Mondelez Intl Inc | 4.99% | 62.57 | +1.74% | +5.37% | +0.76% | +17.24% | 44 |
| MO Altria Group | 4.69% | 73.13 | +2.19% | +5.41% | +4.76% | +28.95% | 67 |
| CL Colgate-Palmolive Company | 4.38% | 92.78 | +3.15% | +6.39% | +6.64% | +18.87% | 78 |
| MNST Monster Beverage Corp | 4.26% | 44.22 | +2.10% | +3.13% | -0.92% | +15.35% | 33 |
| PEP Pepsico Inc | 4.08% | 129.27 | +1.55% | +4.48% | -4.60% | -9.12% | 19 |
| TGT Target Corp | 3.94% | 155.31 | +2.18% | +2.91% | +0.59% | +62.02% | 39 |
| KDP Keurig Dr Pepper Inc | 2.77% | 33.12 | +1.41% | +8.45% | +5.18% | +20.28% | 69 |
| ADM Archer Daniels Midland | 2.48% | 83.64 | +0.53% | +2.83% | -3.43% | +47.55% | 25 |
| SYY Sysco Corp | 2.44% | 80.97 | +2.45% | +5.44% | +1.72% | +11.52% | 53 |
| KR Kroger Company | 2.42% | 63.09 | +3.87% | +6.48% | +1.35% | +2.02% | 47 |
| KVUE Kenvue Inc | 2.24% | 18.01 | +1.41% | +2.74% | +1.70% | +6.88% | 50 |
| KMB Kimberly-Clark Corp | 2.18% | 99.41 | +1.14% | +3.04% | +0.74% | +1.12% | 42 |
| HSY Hershey Foods Corp | 1.73% | 164.25 | +0.74% | +2.44% | -3.62% | -8.45% | 22 |
| DG Dollar General Corp | 1.63% | 129.94 | +3.95% | +6.39% | +4.20% | -1.25% | 64 |
| CHD Church & Dwight Company | 1.49% | 102.63 | +2.50% | +6.08% | +8.59% | +23.18% | 92 |
| EL Estee Lauder Companies | 1.43% | 101.59 | +1.87% | +7.56% | +5.55% | -2.31% | 72 |
| DLTR Dollar Tree Inc | 1.36% | 121.76 | +4.71% | +4.69% | +7.95% | -1.02% | 86 |
| STZ Constellation Brands | 1.34% | 127.41 | +0.28% | +7.62% | +3.07% | -6.43% | 56 |
| KHC Kraft Heinz Company | 1.34% | 22.70 | +1.20% | +3.28% | -8.21% | -4.82% | 11 |
| GIS General Mills | 1.18% | 32.11 | +0.88% | +2.99% | -12.22% | -28.79% | 0 |
| BG Bunge Ltd | 1.11% | 108.91 | +1.26% | +3.22% | -10.55% | +23.70% | 6 |
| CASY Casey's General Stor | 1.08% | 653.61 | +1.85% | +3.22% | +11.32% | +18.45% | 97 |
| TSN Tyson Foods | 1.04% | 54.22 | +0.80% | +4.87% | +3.18% | -5.97% | 58 |
| SJM J.M. Smucker Company | 0.80% | 121.84 | +0.42% | +5.10% | +0.12% | +27.21% | 36 |
| MKC Mccormick & Company | 0.80% | 44.80 | +0.36% | +0.06% | -10.15% | -33.64% | 8 |
| CLX Clorox Company | 0.75% | 84.97 | +0.62% | +3.36% | -2.51% | -13.72% | 28 |
| HRL Hormel Foods Corp | 0.46% | 19.81 | +3.12% | +2.89% | -4.71% | -14.14% | 17 |
| TAP Molson Coors Brewing | 0.45% | 38.63 | +0.29% | +4.55% | -1.63% | -15.39% | 31 |
| CAG Conagra Brands | 0.42% | 13.84 | +1.02% | +4.45% | -7.86% | -16.41% | 14 |
| BF.B Brown Forman Cl B | 0.30% | 28.29 | +3.66% | +9.06% | +8.06% | +10.51% | 89 |
| CPB The Campbell's Company | 0.29% | 19.10 | +0.79% | +1.06% | -10.58% | -29.20% | 3 |
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 2026-10-14: over 21 sessions the fund returned +3.46% while its median constituent returned +1.53% — a dispersion of 6.30 pp; 39% of 36 members beat the fund. Weakening below the surface - the A/D line is falling while price holds up; leadership is narrowing.
How did XLP's members trade in the last session?
As of 2026-10-14: fund +2.22%, median member +1.79%, 36 advancers vs 0 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 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.