Constituent dispersion · breadth vs the index
XLRE — Real Estate 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 | -2.18% | -1.68 | +11pp | +1.50pp | Confirming ↓ |
| 1 month | -8.18% | -6.58 | +12pp | +1.88pp | Confirming ↓ |
| 1 quarter | -6.59% | -6.65 | -19pp | -1.65pp | Confirming ↓ |
Over the last 126 sessions: price up +2.54%, breadth down (-1.19/name) · % beating 35→52 · median−ETF -1.05pp→+0.72pp.
Stocks above their moving average — participation breadth
Of the 31 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 31 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%) | 19 (61%) | -17 |
| 1-Month | 0 (0%) | 14 (45%) | -14 |
| 3-Month | 0 (0%) | 12 (39%) | -12 |
| 6-Month | 0 (0%) | 5 (16%) | -5 |
| 52-Week | 0 (0%) | 4 (13%) | -4 |
| YTD | 0 (0%) | 5 (16%) | -5 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.45% | -0.36% | +0.09pp | 10 / 21 | 17 / 14 | 21 of 31 | ±1.66% |
| 5d | -2.19% | -1.85% | +0.34pp | 7 / 23 | 17 / 13 | 7 of 30 | ±3.44% |
| 21d | -8.18% | -7.21% | +0.96pp | 1 / 29 | 16 / 14 | 2 of 30 | ±3.95% |
| YTD | +3.92% | +5.22% | +1.31pp | 18 / 12 | 16 / 14 | 1 of 30 | ±19.73% |
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)
- WELL+1.63%+0.16pp
- EQR+4.17%+0.1pp
- AVB+2.02%+0.05pp
- SPG+0.26%+0.01pp
- VTR+0.22%+0.01pp
- CCI-3.70%-0.15pp
- AMT-2.06%-0.12pp
- WY-4.87%-0.09pp
- SBAC-2.59%-0.06pp
- VICI-1.81%-0.06pp
This month (21d)
- AVB+0.37%+0.01pp
- PLD-6.64%-0.61pp
- PSA-11.81%-0.53pp
- O-11.42%-0.46pp
- CCI-11.35%-0.46pp
- CBRE-10.02%-0.4pp
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)
- AVB+0.37%
- WELL-3.13%
- HST-3.43%
- EQIX-3.60%
- ARE-4.57%
- WY-16.80%
- CSGP-15.10%
- BXP-13.67%
- INVH-12.28%
- UDR-12.10%
XLRE — constituent leadership race
$100 in each covered XLRE 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 — 31 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| WELL Welltower Inc | 9.98% | 233.61 | +1.63% | +0.58% | -3.13% | +26.31% | 93 |
| PLD Prologis Inc | 9.23% | 133.82 | -0.10% | -1.01% | -6.64% | +5.67% | 53 |
| EQIX Equinix Inc | 6.93% | 1034.76 | -0.28% | +0.86% | -3.60% | +36.47% | 87 |
| AMT American Tower Corp | 5.85% | 167.26 | -2.06% | -4.74% | -6.33% | -3.78% | 67 |
| SPG Simon Property Group | 4.85% | 204.70 | +0.26% | +0.11% | -6.53% | +11.86% | 57 |
| PSA Public Storage | 4.52% | 284.56 | -0.76% | -5.39% | -11.81% | +10.77% | 17 |
| DLR Digital Realty Trust | 4.25% | 181.00 | -0.25% | -1.77% | -5.89% | +17.79% | 73 |
| VTR Ventas Inc | 4.12% | 86.83 | +0.22% | -1.00% | -7.46% | +12.93% | 47 |
| O Realty Income Corp | 4.07% | 55.41 | -0.36% | -3.33% | -11.42% | +0.45% | 27 |
| CCI Crown Castle | 4.07% | 67.63 | -3.70% | -8.29% | -11.35% | -22.95% | 30 |
| CBRE CBRE Group | 3.97% | 136.53 | +0.09% | -2.00% | -10.02% | -15.09% | 40 |
| IRM Iron Mountain Inc | 3.83% | 114.09 | -0.87% | +0.08% | -5.63% | +38.66% | 77 |
| EXR Extra Space Storage Inc | 3.24% | 132.23 | -1.20% | -4.89% | -8.73% | +2.72% | 43 |
| VICI Vici Properties Inc | 3.19% | 23.27 | -1.81% | -3.48% | -11.49% | -15.90% | 20 |
| AVB Avalonbay Communities | 2.71% | 68.14 | +2.02% | +7.04% | +0.37% | +7.13% | 97 |
| EQR Equity Residential | 2.37% | 0.38 | +4.17% | — | — | — | — |
| SBAC SBA Communications | 2.24% | 166.12 | -2.59% | -8.29% | -11.46% | -13.01% | 23 |
| ESS Essex Property Trust | 1.87% | 271.65 | -0.67% | +0.31% | -6.97% | +5.97% | 50 |
| WY Weyerhaeuser Company | 1.84% | 20.14 | -4.87% | -7.02% | -16.80% | -13.51% | 0 |
| KIM Kimco Realty Corp | 1.79% | 22.25 | +0.18% | -1.42% | -6.43% | +12.21% | 60 |
| INVH Invitation Homes Inc | 1.71% | 26.50 | -0.49% | -1.29% | -12.28% | -3.48% | 10 |
| MAA Mid-America Apartment Communities | 1.66% | 117.26 | -0.44% | -3.23% | -11.15% | -13.58% | 33 |
| HST Host Marriott Financial Trust | 1.63% | 22.21 | +0.27% | +1.42% | -3.43% | +26.60% | 90 |
| DOC Healthpeak Properties | 1.47% | 20.27 | -1.03% | -1.12% | -6.42% | +29.80% | 63 |
| CSGP Costar Group Inc | 1.43% | 27.86 | -1.43% | -4.93% | -15.10% | -58.57% | 3 |
| REG Regency Centers Corp | 1.35% | 72.92 | +0.26% | -0.27% | -4.95% | +6.67% | 80 |
| CPT Camden Property Trust | 1.22% | 97.41 | -0.28% | -3.49% | -10.04% | -10.54% | 37 |
| UDR United Dominion Realty Trust | 1.21% | 33.55 | -0.71% | -1.93% | -12.10% | -6.29% | 13 |
| FRT Federal Realty Investment Trust | 1.01% | 110.35 | +0.88% | -1.26% | -6.28% | +11.91% | 70 |
| BXP Bxp Inc | 1.00% | 62.27 | -0.14% | -2.60% | -13.67% | -6.46% | 7 |
| ARE Alexandria Real Estate Equities | 0.85% | 50.48 | -2.66% | -10.40% | -4.57% | +4.78% | 83 |
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
XLRE dispersion — data Q&A
Is XLRE's move broad or carried by a few names (21 sessions)?
As of 2026-09-24: over 21 sessions the fund returned -8.18% while its median constituent returned -7.21% — a dispersion of 3.95 pp; 53% of 30 members beat the fund. Broad decline - breadth is falling with price.
How did XLRE's members trade in the last session?
As of 2026-09-24: fund -0.45%, median member -0.36%, 10 advancers vs 21 decliners.
What does the dispersion page for XLRE 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. 31 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.