Constituent dispersion · breadth vs the index
CIBR — First Trust Nasdaq Cybersecurity
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 | +6.56% | +1.71 | -6pp | -1.56pp | Confirming ↑ |
| 1 month | +3.81% | +0.73 | +0pp | -0.35pp | Confirming ↑ |
| 1 quarter | +33.78% | +4.41 | +4pp | +0.90pp | Confirming ↑ |
Over the last 126 sessions: price up +46.02%, breadth up (+10.12/name) · % beating 51→49 · median−ETF +0.63pp→-1.17pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.51% | +1.65% | +0.13pp | 31 / 10 | 21 / 20 | 14 of 41 | ±3.01% |
| 5d | +6.56% | +6.27% | -0.29pp | 32 / 9 | 20 / 21 | 5 of 41 | ±7.91% |
| 21d | +3.81% | +2.64% | -1.17pp | 24 / 17 | 20 / 21 | 0 of 41 | ±14.02% |
| YTD | +37.19% | +26.66% | -10.53pp | 30 / 10 | 18 / 22 | 1 of 40 | ±41.11% |
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)
- CRWD+3.39%+0.36pp
- NET+5.57%+0.24pp
- FROG+7.80%+0.14pp
- PANW+1.22%+0.12pp
- RBRK+6.47%+0.12pp
- AKAM-6.76%-0.24pp
- FFIV-3.11%-0.09pp
- OTEX.TO-3.55%-0.03pp
- ANET-1.90%-0.03pp
- FTNT-0.29%-0.03pp
This month (21d)
- CRWD+8.07%+0.85pp
- PANW+7.55%+0.77pp
- AVGO+6.64%+0.48pp
- MSFT+30.08%+0.45pp
- NET+8.87%+0.38pp
- AKAM-14.65%-0.52pp
- DDOG-13.04%-0.39pp
- IBM-19.65%-0.34pp
- BB-21.43%-0.24pp
- FTNT-2.50%-0.24pp
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)
- MSFT+30.08%
- LDOS+29.03%
- ACN+26.36%
- ESTC+21.03%
- BAH+20.41%
- ATEN-29.57%
- BB-21.43%
- IBM-19.65%
- AKAM-14.65%
- NTCT-14.27%
CIBR — constituent leadership race
$100 in each covered CIBR constituent at 2025-12-30, 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 — 41 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CRWD Crowdstrike Holdings | 10.55% | 214.42 | +3.39% | +12.34% | +8.07% | +82.97% | 56 |
| PANW Palo Alto Networks | 10.24% | 363.86 | +1.22% | +9.65% | +7.55% | +97.54% | 54 |
| FTNT Fortinet Inc | 9.41% | 159.64 | -0.29% | -1.43% | -2.50% | +101.03% | 34 |
| CSCO Cisco Systems Inc | 8.93% | 121.43 | +0.45% | +4.69% | +2.64% | +59.34% | 49 |
| AVGO Broadcom Ltd | 7.16% | 427.76 | +1.71% | +9.88% | +6.64% | +23.85% | 51 |
| NET Cloudflare Inc Cl A | 4.26% | 300.27 | +5.57% | +7.63% | +8.87% | +52.31% | 63 |
| AKAM Akamai Technologies | 3.54% | 110.54 | -6.76% | -4.03% | -14.65% | +26.69% | 7 |
| FFIV F5 Inc | 3.03% | 400.23 | -3.11% | -0.58% | -6.99% | +56.79% | 24 |
| DDOG Datadog Inc Cl A | 2.97% | 233.93 | +2.02% | -12.70% | -13.04% | +72.02% | 12 |
| OKTA Okta Inc Cl A | 2.94% | 148.32 | +3.35% | +4.50% | -0.35% | +71.53% | 39 |
| NTAP Netapp Inc | 2.46% | 189.52 | -1.02% | +6.17% | +10.69% | +78.75% | 66 |
| ZS Zscaler Inc | 2.44% | 168.68 | +3.74% | +11.56% | +14.65% | -25.00% | 80 |
| GEN Gen Digital Inc | 2.23% | 29.17 | +3.81% | +6.27% | +12.24% | +8.43% | 71 |
| CHKP Check Point Software | 2.11% | 127.82 | +2.03% | +0.54% | -7.48% | -31.12% | 22 |
| RBRK Rubrik Inc Cl A | 1.90% | 90.07 | +6.47% | +24.47% | +1.49% | +17.77% | 41 |
| FROG Jfrog Ltd | 1.81% | 89.52 | +7.80% | +12.19% | -6.26% | +43.32% | 27 |
| IBM Intl Business Machines | 1.71% | 237.28 | +1.65% | +6.09% | -19.65% | -19.44% | 5 |
| ANET Arista Networks Inc | 1.70% | 188.67 | -1.90% | +4.61% | +2.15% | +43.99% | 46 |
| DT Dynatrace Inc | 1.64% | 48.97 | +0.20% | +10.49% | +8.27% | +12.99% | 59 |
| GOOGL Alphabet Cl A | 1.63% | 354.30 | -0.96% | -0.51% | -1.28% | +13.27% | 37 |
| MSFT Microsoft Corp | 1.49% | 499.99 | +0.03% | +7.59% | +30.08% | +3.62% | 98 |
| BAH Booz Allen Hamilton Holding Corp | 1.36% | 76.05 | +2.87% | +9.08% | +20.41% | -9.16% | 88 |
| HO.FP Thales | 1.21% | 264.80 | +0.08% | +7.69% | +16.75% | +15.23% | 85 |
| INFY Infosys Ltd ADR | 1.19% | 12.53 | +1.38% | +4.16% | +12.58% | -28.17% | 73 |
| ACN Accenture Plc | 1.17% | 175.72 | +2.69% | +5.91% | +26.36% | -33.57% | 93 |
| BB Blackberry Ltd | 1.10% | 8.98 | +2.28% | +5.65% | -21.43% | +136.94% | 2 |
| LDOS Leidos Holdings Inc | 0.97% | 137.57 | +1.71% | +19.01% | +29.03% | -23.55% | 95 |
| ESTC Elastic N.V. | 0.94% | 75.11 | +7.38% | +14.17% | +21.03% | -0.44% | 90 |
| OTEX.TO Open Text Corporation | 0.93% | 34.74 | -3.55% | -2.17% | +8.60% | -20.52% | 61 |
| S Sentinelone Inc Cl A | 0.88% | 21.40 | +3.08% | +12.28% | +13.47% | +42.67% | 78 |
| SAIC Science Applications International | 0.81% | 126.54 | +1.82% | +8.03% | +11.32% | +26.62% | 68 |
| CVLT Commvault Systems | 0.77% | 135.90 | +1.91% | +15.37% | -10.25% | +8.41% | 20 |
| VRNS Varonis Systems Inc | 0.60% | 43.52 | +2.54% | +8.94% | -5.00% | +32.68% | 29 |
| QLYS Qualys Inc | 0.57% | 183.48 | +0.94% | +26.76% | +15.11% | +38.06% | 83 |
| TENB Tenable Holdings Inc | 0.50% | 36.38 | +0.58% | +11.46% | -12.06% | +54.61% | 15 |
| FSLY Fastly Inc | 0.47% | 22.96 | +1.23% | +1.32% | +12.94% | — | 76 |
| NTCT Netscout Systems | 0.43% | 38.44 | -4.21% | -5.48% | -14.27% | +42.05% | 10 |
| ATEN A10 Networks Inc | 0.30% | 26.84 | -2.75% | -9.23% | -29.57% | +52.50% | 0 |
| ZD Ziff Davis Inc | 0.26% | 53.87 | +5.73% | +1.49% | +1.91% | +53.26% | 44 |
| RDWR Radware Ltd | 0.19% | 28.30 | +1.40% | +8.06% | -11.92% | +17.48% | 17 |
| ATO.FP Atos Se | 0.16% | 31.70 | -0.13% | -0.81% | -4.40% | -36.81% | 32 |
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.