Constituent dispersion · breadth vs the index
QQEW — First Trust Nasdaq-100 Equal Weight
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 | +4.29% | +1.57 | -15pp | -3.62pp | Confirming ↑ |
| 1 month | +1.62% | +0.96 | +1pp | +0.32pp | Confirming ↑ |
| 1 quarter | +12.55% | +1.63 | +14pp | +4.01pp | Confirming ↑ |
Over the last 126 sessions: price up +20.45%, breadth up (+4.69/name) · % beating 46→52 · median−ETF -1.88pp→+0.66pp.
Stocks above their moving average — participation breadth
Of the 49 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 2026-08-07.
New highs & new lows — by horizon
How many of the 49 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 | 26 (53%) | 6 (12%) | +20 |
| 1-Month | 18 (37%) | 1 (2%) | +17 |
| 3-Month | 12 (24%) | 0 (0%) | +12 |
| 6-Month | 9 (19%) | 0 (0%) | +9 |
| 52-Week | 5 (11%) | 0 (0%) | +5 |
| YTD | 7 (14%) | 0 (0%) | +7 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.74% | +1.41% | -0.33pp | 37 / 11 | 20 / 29 | 22 of 49 | ±3.4% |
| 5d | +4.29% | +4.94% | +0.64pp | 38 / 11 | 25 / 24 | 4 of 49 | ±8.06% |
| 21d | +1.62% | +2.07% | +0.46pp | 27 / 22 | 26 / 23 | 4 of 49 | ±14.23% |
| YTD | +13.99% | +8.12% | -5.87pp | 29 / 18 | 18 / 29 | 1 of 47 | ±56.66% |
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)
- ABNB+17.43%+0.31pp
- PLTR+10.32%+0.16pp
- AXON+9.29%+0.16pp
- WDAY+5.52%+0.1pp
- CRWD+3.39%+0.1pp
- STX-4.71%-0.18pp
- MNST-4.04%-0.08pp
- ARM-1.43%-0.07pp
- MU-0.44%-0.02pp
- ADP-0.80%-0.01pp
This month (21d)
- MSFT+30.08%+0.57pp
- WDAY+29.85%+0.55pp
- PLTR+33.30%+0.53pp
- ABNB+21.23%+0.37pp
- BKNG+22.16%+0.36pp
- APP-33.36%-0.71pp
- ARM-13.82%-0.69pp
- ALNY-29.92%-0.49pp
- MU-11.50%-0.46pp
- DDOG-13.04%-0.43pp
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)
- PLTR+33.30%
- MSFT+30.08%
- WDAY+29.85%
- BKNG+22.16%
- ABNB+21.23%
- APP-33.36%
- ALNY-29.92%
- ARM-13.82%
- KLAC-13.69%
- DDOG-13.04%
QQEW — constituent leadership race
$100 in each covered QQEW 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 — 49 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| ARM Arm Holdings Plc ADR | 5.02% | 282.57 | -1.43% | +17.89% | -13.82% | +158.50% | 4 |
| MU Micron Technology | 3.98% | 877.57 | -0.44% | +6.63% | -11.50% | +207.61% | 14 |
| STX Seagate Technology Holdings | 3.80% | 812.76 | -4.71% | -5.07% | -8.69% | +195.65% | 16 |
| DDOG Datadog Inc Cl A | 3.29% | 233.93 | +2.02% | -12.70% | -13.04% | +72.02% | 8 |
| FTNT Fortinet Inc | 3.10% | 159.64 | -0.29% | -1.43% | -2.50% | +101.03% | 29 |
| CRWD Crowdstrike Holdings | 2.97% | 214.42 | +3.39% | +12.34% | +8.07% | +82.97% | 61 |
| PANW Palo Alto Networks | 2.89% | 363.86 | +1.22% | +9.65% | +7.55% | +97.54% | 59 |
| MPWR Monolithic Power Sys | 2.61% | 1401.54 | +3.12% | -1.72% | +1.99% | +54.94% | 47 |
| LRCX Lam Research Corp | 2.49% | 311.35 | +1.82% | +6.26% | -11.84% | +82.23% | 12 |
| CDNS Cadence Design Sys | 2.45% | 339.24 | +0.24% | -0.23% | -12.10% | +8.53% | 10 |
| KLAC K L A-Tencor Corp | 2.40% | 198.11 | +2.53% | +8.36% | -13.69% | — | 6 |
| AVGO Broadcom Ltd | 2.28% | 427.76 | +1.71% | +9.88% | +6.64% | +23.85% | 55 |
| ASML ASML Holdings NY Reg ADR | 2.25% | 1740.99 | +2.15% | +6.87% | -3.51% | +63.30% | 27 |
| NVDA Nvidia Corp | 2.14% | 223.96 | +2.27% | +11.56% | +10.44% | +20.23% | 63 |
| APP Applovin Corp Cl A | 2.13% | 346.80 | +3.32% | -12.40% | -33.36% | -48.53% | 0 |
| AAPL Apple Inc | 2.12% | 313.33 | +0.29% | +1.43% | -0.91% | +15.36% | 39 |
| MNST Monster Beverage Corp | 2.03% | 90.36 | -4.04% | -6.25% | -6.41% | +17.86% | 20 |
| SNPS Synopsys Inc | 1.99% | 415.99 | +2.47% | +7.00% | -6.18% | -11.44% | 24 |
| MSFT Microsoft Corp | 1.89% | 499.99 | +0.03% | +7.59% | +30.08% | +3.62% | 96 |
| ADP Automatic Data Processing | 1.87% | 271.32 | -0.80% | +1.82% | +12.45% | +6.35% | 67 |
| ROST Ross Stores Inc | 1.86% | 255.23 | +0.36% | +1.66% | +15.70% | +41.99% | 78 |
| WDAY Workday Inc | 1.84% | 179.64 | +5.52% | +12.04% | +29.85% | -16.36% | 94 |
| DXCM Dexcom Inc | 1.83% | 84.75 | +2.08% | +1.56% | +16.06% | +27.69% | 80 |
| PAYX Paychex Inc | 1.81% | 120.04 | -0.07% | +2.74% | +12.97% | +8.12% | 69 |
| META META Platforms Inc | 1.78% | 592.10 | +0.37% | +6.36% | -6.24% | -10.22% | 22 |
| ADBE Adobe Systems Inc | 1.76% | 265.21 | +1.91% | +5.91% | +19.12% | -24.22% | 86 |
| ABNB Airbnb Inc Cl A | 1.76% | 178.07 | +17.43% | +17.52% | +21.23% | +31.20% | 90 |
| AXON Axon Enterprise | 1.75% | 571.01 | +9.29% | +8.20% | -1.89% | +0.54% | 31 |
| DASH Doordash Inc Cl A | 1.72% | 216.26 | +1.41% | +10.25% | +12.43% | -4.51% | 65 |
| EA Electronic Arts Inc | 1.71% | 209.70 | +0.00% | +0.38% | +2.07% | +2.73% | 49 |
| MELI Mercadolibre Inc | 1.69% | 1820.69 | -0.51% | -3.05% | +0.71% | -9.61% | 45 |
| AMGN Amgen Inc | 1.68% | 410.95 | +1.51% | +6.69% | +13.01% | +26.42% | 73 |
| IDXX Idexx Laboratories | 1.65% | 586.67 | -0.56% | +4.94% | +5.03% | -13.28% | 53 |
| ALNY Alnylam Pharmaceuticals | 1.64% | 219.20 | +1.43% | +6.66% | -29.92% | -44.88% | 2 |
| VRTX Vertex Pharmaceutic | 1.64% | 496.07 | +2.49% | +3.98% | -0.09% | +9.42% | 43 |
| BKNG Booking Holdings | 1.63% | 214.42 | +3.39% | +11.16% | +22.16% | — | 92 |
| PLTR Palantir Technologies Cl A | 1.59% | 172.01 | +10.32% | +39.78% | +33.30% | -3.23% | 98 |
| GILD Gilead Sciences Inc | 1.59% | 133.21 | +1.80% | +2.30% | -1.21% | +9.15% | 37 |
| ADSK Autodesk Inc | 1.59% | 249.08 | +2.73% | +6.35% | +19.42% | -15.85% | 88 |
| ROP Roper Industries | 1.58% | 402.25 | +1.30% | +2.62% | +13.01% | -9.22% | 71 |
| PDD Pdd Holdings Inc | 1.51% | 91.76 | +1.00% | +3.61% | +6.85% | -19.08% | 57 |
| VRSK Verisk Analytics Inc | 1.51% | 191.82 | +1.09% | -1.56% | +2.57% | -14.03% | 51 |
| ZS Zscaler Inc | 1.51% | 168.68 | +3.74% | +11.56% | +14.65% | -25.00% | 76 |
| NFLX Netflix Inc | 1.50% | 74.14 | +0.61% | +3.39% | -1.76% | -20.93% | 33 |
| ISRG Intuitive Surg Inc | 1.48% | 378.81 | +1.36% | +7.21% | -7.96% | -33.11% | 18 |
| REGN Regeneron Pharmaceuticals | 1.45% | 784.36 | +1.59% | +2.85% | +17.43% | +1.74% | 82 |
| INTU Intuit Inc | 1.12% | 325.25 | +1.04% | +2.90% | +18.97% | -50.66% | 84 |
| GOOGL Alphabet Cl A | 1.04% | 354.30 | -0.96% | -0.51% | -1.28% | +13.27% | 35 |
| GOOG Alphabet Cl C | 1.04% | 353.47 | -0.88% | -0.89% | -0.78% | +12.72% | 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.