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Constituent dispersion · breadth vs the index

IGV — iShares Expanded Tech-Software

110/110 covered · 100% by weight · benchmark: IGV price · closes through 2026-10-06 ·holdings as of 2026-06-16

Concentration 38.16% in top 5 21.93 effective names · HHI 456
RS vs S&P 500 21d +5.14pp sector return − SPY
RS vs Nasdaq-100 21d +0.64pp sector return − QQQ
Weakening below the surface - the A/D line is falling while price holds up; leadership is narrowing. Last 21 sessions — price +6.3% · A/D -173 (-1.57/name)
IGV price
Cumulative advance / decline of constituents — rises when more names are up than down; turns before price at inflections

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.

HorizonPriceA/D /name% beating ΔMedian−ETF ΔRead
1 week +5.65% +1.55 -12pp -5.70pp Confirming ↑
1 month +6.30% -1.57 -17pp -7.47pp Weakening
1 quarter +20.20% +0.65 -43pp -13.67pp Confirming ↑

Over the last 126 sessions: price up +39.40%, breadth up (+4.58/name) · % beating 49→26 · median−ETF -0.29pp→-9.38pp.

Dispersion by window

WindowETFMedianMedian − ETF Up / DownBeat / Lag±1% bandDispersion
1d +1.31% +0.00% -1.31pp 53 / 53 26 / 84 32 of 110 ±1.92%
5d +5.65% +5.05% -0.59pp 89 / 19 50 / 60 20 of 110 ±6.51%
21d +6.30% -2.96% -9.26pp 47 / 63 28 / 82 7 of 110 ±13.83%
YTD +5.20% -3.10% -8.29pp 53 / 57 47 / 63 5 of 110 ±45.41%

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)

  • PANW+3.23%+0.24pp
  • ORCL+1.61%+0.15pp
  • CRWD+2.27%+0.14pp
  • SNPS+3.42%+0.12pp
  • FTNT+3.88%+0.12pp
  • CRM-2.09%-0.13pp
  • APP-1.13%-0.05pp
  • WDAY-1.28%-0.01pp
  • ADBE-0.28%-0.01pp
  • DOCU-2.58%-0.01pp

This month (21d)

  • PANW+26.00%+1.95pp
  • CRWD+30.86%+1.87pp
  • SNPS+28.27%+1.01pp
  • CDNS+22.84%+0.83pp
  • DDOG+30.67%+0.81pp
  • ORCL-8.82%-0.81pp
  • CRM-13.21%-0.8pp
  • APP-13.03%-0.63pp
  • ADBE-10.65%-0.4pp
  • INTU-12.89%-0.38pp

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)

  • PTC+36.86%
  • RBRK+34.30%
  • CRWD+30.86%
  • DDOG+30.67%
  • S+29.78%
  • ALKT-28.34%
  • PAR-26.66%
  • VYX-26.37%
  • GEN-25.61%
  • FICO-25.40%

IGV — constituent leadership race

$100 in each covered IGV constituent at 2025-12-30, rebased to 100. Watch leadership change hands.

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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 — 110 covered · click a column to sort

Symbol Weight Last 1d 5d 21d YTD RS rank
ORCL Oracle Corp 9.21% 144.77 +1.61% +5.07% -8.82% -25.27% 29
MSFT Microsoft Corp 8.19% 529.30 +0.78% +4.00% +5.92% +9.70% 73
PANW Palo Alto Networks 7.49% 419.91 +3.23% +8.11% +26.00% +127.96% 94
PLTR Palantir Technologies Cl A 7.18% 192.07 +1.41% +2.73% +10.18% +8.06% 82
CRWD Crowdstrike Holdings 6.06% 278.86 +2.27% +6.14% +30.86% +137.96% 97
CRM Salesforce Inc 6.05% 224.99 -2.09% -0.14% -13.21% -14.86% 12
APP Applovin Corp Cl A 4.82% 278.78 -1.13% -8.79% -13.03% -58.63% 14
ADBE Adobe Systems Inc 3.71% 238.12 -0.28% +2.12% -10.65% -31.96% 25
CDNS Cadence Design Sys 3.62% 359.55 +1.72% +10.91% +22.84% +15.03% 91
NOW Servicenow Inc 3.61% 137.97 +1.39% +6.18% -2.33% -9.94% 52
SNPS Synopsys Inc 3.57% 505.17 +3.42% +21.70% +28.27% +7.55% 95
FTNT Fortinet Inc 3.03% 191.27 +3.88% +8.70% +22.38% +140.86% 90
INTU Intuit Inc 2.92% 289.81 +1.80% +8.13% -12.89% -56.03% 15
DDOG Datadog Inc Cl A 2.65% 278.24 +0.66% +3.60% +30.67% +104.60% 96
MSTR Strategy Inc 1.92% 164.55 +0.07% +6.39% +15.23% +8.29% 86
ADSK Autodesk Inc 1.89% 231.28 +4.39% +13.83% +6.14% -21.87% 74
EA Electronic Arts Inc 1.69% 209.70 +0.00% +0.05% +2.35% +2.73% 63
TTWO Take-Two Interactive 1.54% 202.53 -0.46% -0.12% -5.66% -20.90% 39
ROP Roper Industries 1.28% 362.28 -0.30% +3.93% -11.05% -18.24% 22
FICO Fair Isaac and Company 1.08% 695.46 +0.85% +12.56% -25.40% -58.86% 4
WDAY Workday Inc 0.96% 186.55 -1.28% -1.38% -4.72% -13.14% 45
ZM Zoom Communications Inc 0.95% 94.20 +0.62% +6.62% -7.04% +9.17% 35
ZS Zscaler Inc 0.65% 212.25 +5.18% +7.01% +25.00% -5.63% 93
PTC Ptc Inc 0.64% 193.00 +0.38% +40.30% +36.86% +10.79% 99
TEAM Atlassian Corp 0.52% 193.98 -1.36% +10.24% +2.32% +19.64% 62
GEN Gen Digital Inc 0.51% 22.80 +2.33% +9.35% -25.61% -15.25% 3
TRMB Trimble Navigation 0.49% 60.95 +3.64% +6.30% +2.49% -22.21% 64
TYL Tyler Technologies 0.49% 330.91 +0.79% +4.63% -9.10% -27.10% 28
NTNX Nutanix Inc 0.45% 73.41 +0.00% +4.74% +7.86% +42.02% 77
DT Dynatrace Inc 0.43% 61.05 +1.40% +6.12% +17.63% +40.86% 89
GWRE Guidewire Software Inc 0.43% 164.52 +0.79% +15.44% +1.29% -18.15% 61
IOT Samsara Inc Cl A 0.40% 41.74 -1.53% +9.93% +3.83% +17.74% 66
HUBS Hubspot Inc 0.39% 217.09 -1.60% +9.82% -12.32% -45.90% 18
HUT Hut 8 Corp 0.38% 92.22 +3.30% -0.69% -1.42% +100.74% 53
RBRK Rubrik Inc Cl A 0.37% 125.80 +2.54% +9.61% +34.30% +64.49% 98
DOCU Docusign Inc 0.36% 68.22 -2.58% +1.85% -0.28% -0.26% 55
QBTS D-Wave Quantum Inc 0.35% 15.79 +0.96% -3.90% -4.76% -39.62% 44
BMNR Bitmine Immersion Technologies 0.33% 26.20 -2.20% -1.98% +4.93% -3.50% 67
AUR Aurora Innovation Inc Cl A 0.33% 5.75 +0.00% +6.68% -9.31% +49.74% 27
U Unity Software Inc 0.33% 44.95 -1.60% +13.17% +7.90% +1.77% 78
WULF Terawulf Inc 0.32% 14.97 +1.22% -0.80% -9.33% +30.29% 26
MANH Manhattan Assoc 0.30% 202.84 -1.27% +1.36% -5.11% +17.04% 43
RIOT Riot Platforms Inc 0.29% 18.93 -2.02% -11.50% -13.17% +49.41% 13
CORZ Core Scientific Inc 0.29% 16.68 +0.48% +2.27% -6.76% +14.56% 35
CWAN Clearwater Analytics Holdings Inc Cl A 0.26% 24.56 +0.00% +0.00% +0.74% +1.82% 60
IDCC Interdigital Inc 0.25% 339.29 +0.33% +4.62% +0.40% +7.04% 59
CIFR Cipher Digital Inc 0.23% 15.50 +0.13% -6.12% -12.63% +5.01% 16
SNAP Snap Inc 0.23% 5.78 +3.03% +8.24% +5.67% -28.38% 72
CRCL Circle Internet Group Inc Cl A 0.23% 84.13 +1.00% +0.51% -17.56% +6.09% 6
DSGX Descartes Sys Group 0.23% 78.62 -2.54% -1.07% -0.41% -10.31% 55
S Sentinelone Inc Cl A 0.22% 25.80 +1.45% +10.68% +29.78% +72.00% 95
OTEX Open Text Corp 0.22% 22.71 +0.93% +1.79% -5.18% -28.72% 41
PCOR Procore Technologies Inc 0.21% 54.39 +0.39% +9.79% -6.24% -25.23% 37
YOU Clear Secure Inc Cl A 0.20% 41.50 +0.61% +0.68% -6.06% +19.02% 38
MARA Mara Holdings Inc 0.19% 10.97 -1.79% -8.51% -3.01% +22.16% 49
ESTC Elastic N.V. 0.18% 94.60 -0.33% +6.53% +3.04% +25.40% 65
BSY Bentley Systems Inc Cl B 0.18% 35.97 +3.51% +15.58% +6.70% -5.40% 75
DBX Dropbox Inc 0.18% 33.73 -1.86% +3.15% -3.16% +21.33% 47
CVLT Commvault Systems 0.17% 154.98 +0.81% +5.90% +13.61% +23.63% 85
PATH Uipath Inc Cl A 0.17% 13.10 -0.46% +6.33% -13.76% -20.07% 11
ACIW Aci Worldwide Inc 0.16% 50.71 -1.00% +4.36% -4.23% +6.07% 45
CLSK Cleanspark Inc 0.15% 12.29 -1.52% -7.66% -3.15% +21.44% 48
APPF Appfolio Cl A 0.15% 203.31 -0.46% +3.82% -5.12% -12.61% 42
ZETA Zeta Global Holdings Corp Cl A 0.14% 32.95 +0.21% +13.78% +5.10% +61.92% 68
GTLB Gitlab Inc Cl A 0.13% 51.63 +0.25% +10.53% +3.61% +37.57% 65
BOX Box Inc 0.13% 35.27 -0.20% +7.69% +0.23% +17.92% 58
BB Blackberry Ltd 0.13% 9.58 +5.51% +9.86% +24.42% +152.77% 92
VRNS Varonis Systems Inc 0.13% 49.08 +1.93% +4.18% +6.49% +49.63% 75
QLYS Qualys Inc 0.13% 199.93 +0.63% +12.10% +16.48% +50.44% 88
TTAN Servicetitan Inc Cl A 0.13% 68.67 -4.84% +8.11% -21.89% -35.52% 5
DLB Dolby Laboratories 0.12% 58.46 -1.52% +0.91% -5.65% -7.90% 40
SOUN Soundhound AI Inc Cl A 0.12% 5.72 -2.72% -2.05% -15.13% -42.63% 9
BILL Bill Holdings Inc 0.12% 43.96 -1.19% +4.87% -10.58% -19.40% 25
RNG Ringcentral Inc 0.12% 77.26 -2.28% +3.80% +5.27% +168.41% 69
LIF Life360 Inc 0.12% 41.38 -2.81% +3.33% -6.33% -35.49% 36
PEGA Pegasystems Inc 0.12% 34.60 +0.20% +5.04% -7.39% -41.99% 33
TDC Teradata Corp 0.11% 29.62 -0.97% +3.24% +5.60% -2.69% 71
TENB Tenable Holdings Inc 0.11% 39.47 +2.48% +12.79% +15.23% +67.72% 85
ADEA Adeia Inc 0.11% 24.60 -5.64% -0.49% -7.17% +43.18% 34
QTWO Q2 Holdings Inc 0.11% 57.42 -1.36% +4.17% -7.58% -20.43% 32
CCC CCC Intelligent Solutions Hldgs Inc 0.10% 6.65 +1.06% +1.06% -11.45% -16.35% 19
WK Workiva Llc 0.10% 70.16 -2.39% +7.69% -8.35% -18.66% 30
RAMP Liveramp Holdings Inc 0.09% 37.65 -0.16% +0.00% -0.26% +28.19% 56
BRZE Braze Inc Cl A 0.08% 26.34 -1.01% +13.78% -17.58% -23.18% 5
ALRM Alarm.com 0.08% 56.11 -0.23% +4.22% -0.66% +9.98% 54
KVYO Klaviyo Inc Series A 0.08% 16.60 -0.60% +8.85% -10.80% -48.88% 23
AGYS Agilysys Inc 0.08% 98.79 -0.71% +2.54% -11.29% -16.87% 20
SPSC Sps Commerce Inc 0.07% 81.02 +0.70% -1.38% -2.39% -9.10% 51
ATEN A10 Networks Inc 0.07% 28.58 +1.38% +10.73% +16.23% +62.39% 87
NN Nextnav Inc 0.07% 13.27 -0.38% -4.46% -12.58% -20.25% 17
FRSH Freshworks Inc Cl A 0.07% 13.76 +4.08% +9.38% +8.09% +12.33% 79
FIVN Five9 Inc 0.06% 33.29 -3.14% -2.12% +0.06% +66.03% 57
NCNO Ncino Inc 0.06% 19.12 -0.83% +6.52% -17.30% -25.43% 7
AVPT Avepoint Inc Cl A 0.05% 14.59 -0.48% +7.52% +8.64% +5.04% 80
BL Blackline Inc 0.05% 28.17 +0.14% +6.83% -13.88% -49.05% 10
ALKT Alkami Technology Inc 0.05% 14.11 -0.28% +5.53% -28.34% -38.84% 0
PRGS Progress Software 0.04% 37.20 -0.05% -5.68% -15.55% -13.41% 8
AI C3.Ai Inc Cl A 0.04% 11.24 +1.35% +8.70% +7.46% -16.62% 76
INTA Intapp Inc 0.04% 37.03 -0.94% +5.20% -11.22% -19.18% 21
BLKB Blackbaud Inc 0.04% 43.51 +0.46% +5.02% -7.62% -31.29% 31
LSPD Lightspeed Commerce Inc 0.04% 10.14 -0.69% +4.00% -3.52% -16.06% 46
VERX Vertex Inc Cl A 0.04% 12.29 +0.08% +10.22% -10.75% -38.46% 24
VYX NCR Voyix Corporation 0.03% 6.73 -1.61% +1.66% -26.37% -34.02% 2
APPN Appian Corp Cl A 0.03% 37.25 -2.51% +5.43% -2.92% +5.17% 50
PD Pagerduty Inc 0.02% 15.44 -0.96% +3.28% +13.36% +17.77% 84
CXM Sprinklr Inc Cl A 0.02% 5.16 -1.34% +7.05% -12.69% -33.68% 15
ASAN Asana Inc Cl A 0.02% 9.29 +1.64% +12.88% +5.45% -32.24% 70
PAR Par Technology Corp 0.02% 14.50 -0.82% +7.33% -26.66% -60.03% 1
RPD Rapid7 Inc 0.02% 12.27 -0.73% +4.83% +11.55% -19.28% 83
NABL N-Able Inc 0.01% 4.42 -0.90% +5.24% +8.87% -40.91% 81

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

IGV dispersion — data Q&A

Is IGV's move broad or carried by a few names (21 sessions)?

As of 2026-10-06: over 21 sessions the fund returned +6.30% while its median constituent returned -2.96% — a dispersion of 13.83 pp; 25% of 110 members beat the fund. Weakening below the surface - the A/D line is falling while price holds up; leadership is narrowing.

How did IGV's members trade in the last session?

As of 2026-10-06: fund +1.31%, median member +0.00%, 53 advancers vs 53 decliners.

What does the dispersion page for IGV 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. 110 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.