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Closelooknet rankings · Inside the ETFs

Where the disagreement was in the last session

The covered funds ranked by how far apart their members’ returns were in the last session — single-day disagreement, largest first.

The same measure over just the last session: which funds’ members disagreed the most in one day. A quiet index day with high one-day dispersion somewhere means a rotation happened inside that theme — the kind of move the headline number never shows.

Engine run of 2026-09-25 · 40 funds and Closelooknet indices covered, member by member — the Sector Dispersion lab holds the full per-fund detail.

#Fund1d dispersionA/D 90dFund 21dMedian member 21dUp / down (1d)Beat / lag (21d)Members
1 AEI Agentic Ecosystem Index (EW) 3.2 pp +4.0% +10.3% 6 / 28 27 / 7 34
2 CIBR First Trust Nasdaq Cybersecurity 3.1 pp +7.8% +3.8% 11 / 29 14 / 27 41
3 WTAI WisdomTree AI & Innovation 2.8 pp +7.6% +6.9% 21 / 25 19 / 28 47
4 QTEC First Trust Nasdaq-100 Technology 2.7 pp +5.7% +4.9% 28 / 17 22 / 23 45
5 XSD SPDR S&P Semiconductor (EW) 2.5 pp +10.2% +6.3% 40 / 3 13 / 30 43
6 AIQ Global X AI & Technology 2.5 pp +4.6% +0.9% 24 / 42 28 / 38 66
7 DTCR Global X Data Center & Digital Infra 2.5 pp -1.8% -1.3% 10 / 10 10 / 10 20
8 QQEW First Trust Nasdaq-100 Equal Weight 2.4 pp -0.2% -0.1% 29 / 19 26 / 23 49
9 XLK Technology Select Sector 2.3 pp +7.3% +2.7% 47 / 25 21 / 51 72
10 IGV iShares Expanded Tech-Software 2.3 pp +3.5% -2.5% 17 / 90 36 / 74 110
11 QTUM Defiance Quantum 2.3 pp +3.3% +4.0% 38 / 24 33 / 29 62
12 EUROAI Euro-AI Sovereign 50 (EW) 2.3 pp -2.6% -2.3% 35 / 24 32 / 29 61
13 IXN iShares Global Tech 2.2 pp +7.4% +1.7% 57 / 30 21 / 66 87
14 RUBIN Rubin Build-Out 100 (EW) 2.2 pp +4.1% +2.5% 99 / 26 55 / 70 125
15 ARKK ARK Innovation 2.1 pp +5.8% +3.2% 13 / 29 20 / 22 42
16 SMH VanEck Semiconductor 1.9 pp +9.1% +6.3% 23 / 2 8 / 17 25
17 QTOP iShares Nasdaq-100 Top 30 1.8 pp +7.3% +1.9% 24 / 7 8 / 23 31
18 AW40 Agentic Winners 40 (EW) 1.8 pp -5.7% -4.7% 14 / 24 21 / 17 38
19 HALO HALO Growth 100 (EW) 1.7 pp -7.6% -7.1% 46 / 53 51 / 48 99
20 IXP Global Communications 1.7 pp +2.5% -6.2% 18 / 18 7 / 30 37
21 QQXT First Trust Nasdaq-100 Ex-Technology 1.6 pp -6.8% -6.0% 35 / 20 33 / 23 56
22 XLY Consumer Discretionary Select Sector 1.6 pp -5.6% -8.5% 34 / 14 18 / 30 48
23 XLB Materials Select Sector 1.5 pp -7.2% -6.5% 16 / 10 15 / 11 26
24 XLC Communication Services Select Sector 1.5 pp +0.3% -7.3% 8 / 14 5 / 18 23
25 IXC Global Energy 1.5 pp +0.6% +0.3% 8 / 26 15 / 20 35
26 RXI Global Discretionary 1.4 pp -6.1% -6.5% 53 / 22 33 / 42 75
27 XLI Industrial Select Sector 1.4 pp -5.5% -6.5% 57 / 23 34 / 46 80
28 XLP Consumer Staples Select Sector 1.4 pp -4.9% -7.0% 17 / 19 14 / 22 36
29 XLE Energy Select Sector 1.4 pp -0.6% -3.3% 5 / 15 7 / 14 21
30 MXI Global Materials 1.3 pp -6.9% -5.8% 34 / 23 33 / 25 59
31 XLRE Real Estate Select Sector 1.3 pp -7.8% -7.6% 21 / 10 16 / 14 31
32 XLV Health Care Select Sector 1.3 pp -1.6% -3.2% 40 / 18 25 / 34 59
33 IXJ Global Healthcare 1.3 pp -2.3% -3.3% 50 / 28 33 / 47 80
34 KXI Global Staples 1.3 pp -4.0% -5.4% 26 / 34 26 / 35 61
35 EXI Global Industrials 1.3 pp -4.2% -4.5% 96 / 38 67 / 68 135
36 IXG Global Financials 1.2 pp -3.4% -5.8% 98 / 34 50 / 83 133
37 XLF Financial Select Sector 1.2 pp -5.9% -7.3% 53 / 23 27 / 49 76
38 REET Global REITs 1.1 pp -7.2% -6.3% 46 / 43 59 / 36 96
39 JXI Global Utilities 0.7 pp -6.3% -7.0% 32 / 11 19 / 24 43
40 XLU Utilities Select Sector 0.5 pp -9.2% -7.7% 28 / 3 24 / 7 31

Dispersion = spread of member returns, in percentage points. Median member = the typical holding’s return. A/D 90d = the fund’s cumulative advance/decline line over the last 90 sessions — rising means most members participate, falling means the shell hides internal decline. Up/down counts members in the last session; beat/lag counts members ahead of or behind the fund itself over 21 days. All 40 covered funds are shown — both ends of the table are the story.

Go deeper

  • Click any fund for its dispersion page in the lab — member-by-member returns, the advance/decline line inside the fund, and what changed.
  • The Directional Flow ranking grades the trend of single names; this family shows which themes those names disagree about.
  • The daily archive keeps every run's full dispersion ranking — which funds were battlegrounds on any past day.
  • Sector flow and theme flow rank the same funds by trend quality instead of internal agreement.

FAQ

What does dispersion mean here?

How far apart the returns of a fund’s members are over a window, in percentage points. High dispersion means the members disagree — big winners and big losers behind one headline number. Low dispersion means the fund is moving as one block.

Why does internal disagreement matter?

Two funds can print the same return for opposite reasons: one carried by a couple of heavyweights while the rest falls, the other lifted by nearly every member. The first is fragile, the second is broad. Dispersion and the median member separate those two cases.

How often is this ranking updated?

The dispersion engine runs after every US market close across the covered funds and Closelooknet indices. This page is rebuilt every morning and always shows the date of the run it was built from.

Is this investment advice?

No. Closelooknet publishes an investment research diary, not investment advice. The ranking describes what our engine measures in past prices. Past performance may not be an indication of future performance.

Closelooknet publishes an investment research diary, not investment advice. Past performance may not be an indication of future performance.