Constituent dispersion · breadth vs the index
IXN — iShares Global Tech
Concentration 49.47% in top 5 15.13 effective names · HHI 661
RS vs S&P 500 21d -2.56pp sector return − SPY
RS vs Nasdaq-100 21d +0.34pp sector return − QQQ
Improving below the surface - the A/D line is rising while price is flat-to-down; more names participating than the headline shows. Last 21 sessions — price +0.31% · A/D +63 (+0.72/name)
IXN 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.
| Horizon | Price | A/D /name | % beating Δ | Median−ETF Δ | Read |
|---|---|---|---|---|---|
| 1 week | +6.17% | +1.66 | +5pp | +0.93pp | Confirming ↑ |
| 1 month | +0.31% | +0.72 | +23pp | +8.22pp | Improving |
| 1 quarter | +9.86% | +1.29 | +35pp | +12.99pp | Confirming ↑ |
Over the last 126 sessions: price up +32.46%, breadth up (+7.59/name) · % beating 48→62 · median−ETF -0.90pp→+3.97pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.09% | +1.82% | +0.73pp | 67 / 19 | 53 / 34 | 27 of 87 | ±3.27% |
| 5d | +6.17% | +6.17% | +0.00pp | 71 / 16 | 44 / 43 | 21 of 87 | ±9.65% |
| 21d | +0.31% | +4.29% | +3.97pp | 54 / 33 | 54 / 33 | 3 of 87 | ±16.09% |
| YTD | +34.16% | +18.96% | -15.20pp | 55 / 31 | 36 / 50 | 1 of 86 | ±73.8% |
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)
- NVDA+2.27%+0.3pp
- PLTR+10.32%+0.14pp
- AVGO+1.71%+0.08pp
- ASML+2.15%+0.06pp
- QCOM+4.66%+0.05pp
- AMD-1.21%-0.04pp
- SNDK-3.68%-0.04pp
- STX-4.71%-0.04pp
- WDC-3.81%-0.03pp
- MU-0.44%-0.02pp
This month (21d)
- MSFT+30.08%+2.3pp
- NVDA+10.44%+1.37pp
- PLTR+33.30%+0.45pp
- AVGO+6.64%+0.32pp
- SAP+30.10%+0.23pp
- MU-11.50%-0.43pp
- AMD-11.59%-0.37pp
- SNDK-34.77%-0.34pp
- INTC-9.68%-0.23pp
- IBM-19.65%-0.2pp
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)
- IT+39.87%
- ZBRA+38.09%
- PLTR+33.30%
- CTSH+32.88%
- SAP+30.10%
- SNDK-34.77%
- APP-33.36%
- NOKIA-27.91%
- WDC-24.87%
- IBM-19.65%
IXN — constituent leadership race
$100 in each covered IXN constituent at 2025-12-30, rebased to 100. Watch leadership change hands.
0%
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 — 87 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| NVDA Nvidia Corp | 13.10% | 223.96 | +2.27% | +11.56% | +10.44% | +20.23% | 67 |
| AAPL Apple Inc | 11.00% | 313.33 | +0.29% | +1.43% | -0.91% | +15.36% | 37 |
| MSFT Microsoft Corp | 7.64% | 499.99 | +0.03% | +7.59% | +30.08% | +3.62% | 93 |
| AVGO Broadcom Ltd | 4.83% | 427.76 | +1.71% | +9.88% | +6.64% | +23.85% | 54 |
| MU Micron Technology | 3.72% | 877.57 | -0.44% | +6.63% | -11.50% | +207.61% | 20 |
| AMD Adv Micro Devices | 3.18% | 483.36 | -1.21% | +1.51% | -11.59% | +125.70% | 18 |
| ASML ASML Holdings NY Reg ADR | 2.62% | 1740.99 | +2.15% | +6.87% | -3.51% | +63.30% | 32 |
| INTC Intel Corp | 2.41% | 101.65 | +1.84% | +12.69% | -9.68% | +175.47% | 23 |
| CSCO Cisco Systems Inc | 2.03% | 121.43 | +0.45% | +4.69% | +2.64% | +59.34% | 46 |
| LRCX Lam Research Corp | 1.64% | 311.35 | +1.82% | +6.26% | -11.84% | +82.23% | 17 |
| AMAT Applied Materials | 1.47% | 539.14 | +2.21% | +6.20% | -8.41% | +110.05% | 25 |
| ORCL Oracle Corp | 1.40% | 145.48 | +1.40% | +12.02% | +1.22% | -24.90% | 40 |
| PLTR Palantir Technologies Cl A | 1.36% | 172.01 | +10.32% | +39.78% | +33.30% | -3.23% | 97 |
| TXN Texas Instruments | 1.17% | 286.08 | +2.76% | +3.75% | -7.28% | +65.97% | 26 |
| KLAC K L A-Tencor Corp | 1.05% | 198.11 | +2.53% | +8.36% | -13.69% | — | 13 |
| IBM Intl Business Machines | 1.02% | 237.28 | +1.65% | +6.09% | -19.65% | -19.44% | 5 |
| SNDK Sandisk Corp | 0.99% | 1212.21 | -3.68% | -0.22% | -34.77% | +410.66% | 0 |
| QCOM Qualcomm Inc | 0.99% | 167.86 | +4.66% | +13.72% | -12.17% | -1.23% | 15 |
| PANW Palo Alto Networks | 0.88% | 363.86 | +1.22% | +9.65% | +7.55% | +97.54% | 55 |
| ADI Analog Devices | 0.81% | 389.93 | +3.34% | +6.13% | -0.94% | +44.23% | 36 |
| SAP SAP Ag ADR | 0.77% | 206.16 | +3.36% | +12.28% | +30.10% | -15.13% | 94 |
| STX Seagate Technology Holdings | 0.77% | 812.76 | -4.71% | -5.07% | -8.69% | +195.65% | 24 |
| CRM Salesforce Inc | 0.72% | 192.74 | +3.20% | +4.74% | +18.61% | -27.06% | 79 |
| WDC Western Digital Corp | 0.71% | 434.30 | -3.81% | -20.29% | -24.87% | +152.22% | 3 |
| CRWD Crowdstrike Holdings | 0.71% | 214.42 | +3.39% | +12.34% | +8.07% | +82.97% | 57 |
| APH Amphenol Corp | 0.67% | 169.18 | -0.84% | +5.28% | +4.28% | +25.44% | 48 |
| ANET Arista Networks Inc | 0.66% | 188.67 | -1.90% | +4.61% | +2.15% | +43.99% | 44 |
| GLW Corning Inc | 0.65% | 165.68 | +5.41% | +19.84% | -13.88% | +89.57% | 11 |
| APP Applovin Corp Cl A | 0.57% | 346.80 | +3.32% | -12.40% | -33.36% | -48.53% | 1 |
| SHOP Shopify Inc | 0.56% | 151.57 | +2.80% | +29.38% | +23.06% | -5.84% | 87 |
| ACN Accenture Plc | 0.47% | 175.72 | +2.69% | +5.91% | +26.36% | -33.57% | 91 |
| NOW Servicenow Inc | 0.45% | 124.88 | +6.42% | +12.27% | +14.74% | -18.48% | 76 |
| IFX INFINEON TECHNOLOGIES AG | 0.45% | 62.08 | +2.92% | +0.66% | -15.36% | +65.80% | 9 |
| ADBE Adobe Systems Inc | 0.43% | 265.21 | +1.91% | +5.91% | +19.12% | -24.22% | 82 |
| CDNS Cadence Design Sys | 0.42% | 339.24 | +0.24% | -0.23% | -12.10% | +8.53% | 16 |
| SNPS Synopsys Inc | 0.42% | 415.99 | +2.47% | +7.00% | -6.18% | -11.44% | 29 |
| INTU Intuit Inc | 0.37% | 325.25 | +1.04% | +2.90% | +18.97% | -50.66% | 80 |
| CIEN Ciena Corp | 0.36% | 412.39 | +2.14% | +9.37% | -10.80% | +76.33% | 21 |
| FTNT Fortinet Inc | 0.36% | 159.64 | -0.29% | -1.43% | -2.50% | +101.03% | 34 |
| MPWR Monolithic Power Sys | 0.33% | 1401.54 | +3.12% | -1.72% | +1.99% | +54.94% | 43 |
| NOKIA NOKIA | 0.33% | 89.36 | -2.06% | +2.29% | -27.91% | +49.73% | 2 |
| NXPI Nxp Semiconductors | 0.33% | 239.71 | +3.42% | +4.60% | -17.50% | +11.01% | 7 |
| DELL Dell Technologies Inc | 0.33% | 453.77 | +3.68% | +11.94% | +0.79% | +263.18% | 39 |
| DDOG Datadog Inc Cl A | 0.31% | 233.93 | +2.02% | -12.70% | -13.04% | +72.02% | 14 |
| COHR Coherent Corp | 0.31% | 379.13 | +13.44% | +44.22% | +15.86% | +105.41% | 77 |
| LITE Lumentum Holdings | 0.30% | 890.17 | +6.22% | +24.68% | +13.29% | +141.51% | 75 |
| MSI Motorola Solutions | 0.29% | 467.55 | -1.38% | +7.30% | +12.07% | +22.30% | 70 |
| TEL Te Connectivity Ltd | 0.26% | 216.33 | +0.58% | +5.17% | +8.76% | -4.25% | 61 |
| KEYS Keysight Technologies | 0.25% | 340.97 | +1.19% | +6.86% | +5.84% | +67.81% | 53 |
| TER Teradyne Inc | 0.24% | 379.31 | -1.45% | +3.16% | +4.57% | +96.05% | 52 |
| ADSK Autodesk Inc | 0.22% | 249.08 | +2.73% | +6.35% | +19.42% | -15.85% | 84 |
| MCHP Microchip Technology | 0.21% | 84.69 | +13.89% | +14.00% | -4.04% | +33.69% | 30 |
| HPE Hewlett Packard Enterprise | 0.20% | 53.22 | +1.51% | +11.11% | +8.37% | +122.99% | 59 |
| ON On Semiconductor | 0.19% | 81.17 | +3.63% | -0.54% | -17.06% | +49.90% | 8 |
| CLS Celestica Inc | 0.18% | 317.83 | +1.05% | -4.11% | -10.41% | +7.52% | 22 |
| JBL Jabil Circuit | 0.16% | 341.22 | -1.00% | +8.31% | +2.62% | +49.73% | 45 |
| ROP Roper Industries | 0.15% | 402.25 | +1.30% | +2.62% | +13.01% | -9.22% | 74 |
| Q Qnity Electronics Inc | 0.14% | 138.00 | +3.47% | +5.20% | -3.81% | +69.21% | 31 |
| FICO Fair Isaac and Company | 0.13% | 1041.40 | +0.92% | -7.26% | -18.60% | -38.40% | 6 |
| TDY Teledyne Technologies | 0.12% | 691.30 | +0.55% | +5.45% | +9.47% | +35.36% | 64 |
| FSLR First Solar Inc | 0.12% | 250.05 | +2.42% | +18.49% | +9.43% | -4.28% | 63 |
| WDAY Workday Inc | 0.11% | 179.64 | +5.52% | +12.04% | +29.85% | -16.36% | 92 |
| VRSN Verisign Inc | 0.11% | 294.56 | +0.69% | +1.57% | +9.10% | +22.02% | 62 |
| CTSH Cognizant Tech Sol | 0.11% | 57.67 | +1.37% | +4.19% | +32.88% | -30.16% | 95 |
| NTAP Netapp Inc | 0.11% | 189.52 | -1.02% | +6.17% | +10.69% | +78.75% | 68 |
| HLMA HALMA PLC | 0.10% | 3796.00 | -0.16% | +7.54% | +4.29% | +7.29% | 49 |
| FFIV F5 Inc | 0.09% | 400.23 | -3.11% | -0.58% | -6.99% | +56.79% | 28 |
| AKAM Akamai Technologies | 0.09% | 110.54 | -6.76% | -4.03% | -14.65% | +26.69% | 10 |
| HPQ HP Inc | 0.09% | 30.05 | +6.64% | +10.19% | +24.53% | +37.06% | 89 |
| CAP Capitol Investment Corp V Cl A | 0.08% | 109.25 | +0.00% | +6.59% | +22.75% | -23.20% | 86 |
| PTC Ptc Inc | 0.08% | 147.71 | +0.03% | +7.66% | +19.32% | -15.21% | 83 |
| SMCI Super Micro Computer | 0.07% | 31.13 | +5.96% | +9.61% | +10.23% | +6.35% | 66 |
| DSY Big Tree Cloud Holdings Limited | 0.07% | 22.25 | +2.39% | +10.97% | +22.19% | -6.67% | 85 |
| LOGN Logansport Financial Corp | 0.06% | 84.66 | +0.05% | +3.14% | +4.39% | +3.83% | 51 |
| CDW CDW Corp | 0.06% | 135.81 | -4.34% | -8.12% | -3.14% | +0.81% | 33 |
| GEN Gen Digital Inc | 0.06% | 29.17 | +3.81% | +6.27% | +12.24% | +8.43% | 71 |
| TRMB Trimble Navigation | 0.06% | 59.51 | +1.64% | +5.18% | +12.90% | -24.05% | 72 |
| TYL Tyler Technologies | 0.06% | 312.45 | +2.00% | +0.92% | +0.46% | -31.17% | 38 |
| GDDY Godaddy Inc | 0.05% | 91.07 | +0.80% | +10.07% | +3.64% | -26.60% | 47 |
| ZBRA Zebra Technologies | 0.05% | 376.49 | +3.36% | +28.14% | +38.09% | +55.05% | 98 |
| SGE Strong Global Entertainment Cl A | 0.05% | 1048.50 | +2.04% | +7.74% | +26.23% | -0.95% | 90 |
| IT Gartner Inc | 0.05% | 185.60 | +0.42% | +22.90% | +39.87% | -26.43% | 99 |
| SWKS Skyworks Solutions | 0.05% | 70.62 | +5.66% | +13.39% | +17.80% | +13.68% | 78 |
| NXT Nextpower Inc | 0.03% | 15685.00 | -0.19% | +5.66% | +7.91% | +17.69% | 56 |
| OTEX Open Text Corp | 0.03% | 24.94 | -2.81% | -1.58% | +8.58% | -21.72% | 60 |
| EPAM Epam Systems Inc | 0.02% | 97.43 | +4.68% | -7.70% | +11.62% | -52.45% | 69 |
| TEMN TEMENOS AG | 0.02% | 70.85 | +1.94% | +5.83% | +1.65% | -10.99% | 41 |
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.