Constituent dispersion · breadth vs the index
QTUM — Defiance Quantum
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 | +3.63% | +0.87 | +3pp | -0.35pp | Confirming ↑ |
| 1 month | +6.42% | +1.9 | +11pp | +2.37pp | Confirming ↑ |
| 1 quarter | +3.23% | -0.53 | +16pp | +3.47pp | Weakening |
Over the last 126 sessions: price up +35.88%, breadth up (+2.97/name) · % beating 45→55 · median−ETF -2.97pp→+1.10pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.63% | +0.14% | -0.50pp | 34 / 27 | 25 / 37 | 25 of 62 | ±2.45% |
| 5d | +3.63% | +3.46% | -0.18pp | 46 / 16 | 30 / 32 | 10 of 62 | ±5.51% |
| 21d | +6.42% | +7.53% | +1.10pp | 46 / 16 | 34 / 28 | 6 of 62 | ±11.29% |
| YTD | +43.82% | +25.40% | -18.42pp | 44 / 17 | 26 / 35 | 0 of 61 | ±72.94% |
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)
- NOK+7.55%+0.15pp
- MRVL+5.81%+0.15pp
- ALAB+7.58%+0.14pp
- TSEM+3.54%+0.06pp
- CSCO+4.54%+0.06pp
- INTC-3.18%-0.08pp
- KLAC-4.54%-0.08pp
- LRCX-3.44%-0.06pp
- ONTO-3.60%-0.06pp
- MU-1.73%-0.06pp
This month (21d)
- MRVL+28.39%+0.74pp
- AMD+35.98%+0.71pp
- HPE+35.54%+0.58pp
- ALAB+25.58%+0.49pp
- ARM+20.02%+0.46pp
- BIDU-12.49%-0.1pp
- RTX-8.72%-0.08pp
- CRM-13.21%-0.07pp
- ORCL-8.82%-0.06pp
- NOC-6.19%-0.05pp
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)
- AMD+35.98%
- HPE+35.54%
- MRVL+28.39%
- SNPS+28.27%
- NET+27.28%
- CRM-13.21%
- BIDU-12.49%
- ORCL-8.82%
- RTX-8.72%
- WIT-7.18%
QTUM — constituent leadership race
$100 in each covered QTUM 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 — 62 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| MU Micron Technology | 3.19% | 1045.56 | -1.73% | -1.83% | +2.85% | +266.49% | 31 |
| INTC Intel Corp | 2.62% | 112.50 | -3.18% | -2.96% | +17.43% | +204.88% | 82 |
| MRVL Marvell Technology Inc | 2.59% | 287.01 | +5.81% | +9.02% | +28.39% | +238.15% | 95 |
| STM Stmicroelectronics N.V. ADR | 2.52% | 58.72 | +1.80% | +10.29% | +12.40% | +127.01% | 66 |
| ARM Arm Holdings Plc ADR | 2.30% | 302.56 | -0.11% | +3.03% | +20.02% | +176.79% | 84 |
| NOK Nokia Corp ADR | 2.04% | 10.97 | +7.55% | +5.89% | +9.37% | +70.77% | 58 |
| AMD Adv Micro Devices | 1.98% | 649.42 | +2.80% | +6.89% | +35.98% | +203.24% | 98 |
| ALAB Astera Labs Inc | 1.91% | 389.80 | +7.58% | +8.93% | +25.58% | +134.31% | 90 |
| LRCX Lam Research Corp | 1.87% | 333.89 | -3.44% | +3.10% | +8.53% | +95.42% | 56 |
| MKSI Mks Inc | 1.82% | 281.41 | +0.32% | +5.79% | +8.11% | +76.27% | 55 |
| ON On Semiconductor | 1.82% | 86.31 | +0.44% | +13.64% | +16.04% | +59.39% | 73 |
| TSEM Tower Semiconductor | 1.78% | 258.41 | +3.54% | +10.23% | +16.22% | +120.07% | 77 |
| AMAT Applied Materials | 1.77% | 530.27 | -2.21% | +3.57% | +16.62% | +106.60% | 79 |
| COHR Coherent Corp | 1.77% | 338.36 | +1.41% | +15.79% | +20.05% | +83.32% | 85 |
| KLAC K L A-Tencor Corp | 1.76% | 197.46 | -4.54% | +0.47% | +6.39% | +63.11% | 44 |
| TER Teradyne Inc | 1.69% | 430.32 | -3.20% | +6.77% | +20.53% | +122.41% | 87 |
| ONTO Onto Innovation Inc | 1.65% | 313.71 | -3.60% | +2.96% | +17.05% | +98.73% | 81 |
| HPE Hewlett Packard Enterprise | 1.63% | 70.48 | +3.10% | +14.62% | +35.54% | +195.31% | 97 |
| LSCC Lattice Semicond | 1.58% | 134.47 | +1.22% | +7.19% | +16.02% | +82.75% | 71 |
| ASML ASML Holdings NY Reg ADR | 1.42% | 1834.10 | -1.39% | -0.02% | +6.95% | +72.03% | 45 |
| TXN Texas Instruments | 1.42% | 297.23 | +0.79% | +5.52% | +15.01% | +72.44% | 69 |
| NVEC Nve Corp | 1.38% | 116.53 | +2.10% | +4.92% | +16.07% | — | 74 |
| CSCO Cisco Systems Inc | 1.29% | 117.94 | +4.54% | +10.71% | +8.00% | +54.76% | 53 |
| ADI Analog Devices | 1.27% | 420.55 | +0.35% | +5.61% | +16.09% | +55.56% | 76 |
| MCHP Microchip Technology | 1.20% | 81.26 | -0.28% | +3.15% | +9.56% | +28.28% | 61 |
| TSM Taiwan Semiconductor ADR | 1.17% | 482.30 | -0.72% | +5.55% | +12.45% | +59.07% | 68 |
| NXPI Nxp Semiconductors | 1.13% | 244.38 | +1.00% | +3.35% | +7.26% | +13.17% | 47 |
| CRUS Cirrus Logic Inc | 1.11% | 118.87 | -2.04% | -1.60% | +5.00% | +0.31% | 37 |
| LMT Lockheed Martin Corp | 0.99% | 510.12 | +0.69% | -0.41% | -2.89% | +6.02% | 18 |
| QCOM Qualcomm Inc | 0.99% | 181.03 | +0.13% | -1.67% | +7.28% | +6.51% | 48 |
| CRWV Coreweave Inc Cl A | 0.98% | 91.72 | +4.95% | +6.74% | +2.64% | +28.08% | 27 |
| HON Honeywell International | 0.98% | 212.87 | -0.59% | +1.30% | +1.56% | +5.45% | 26 |
| CDNS Cadence Design Sys | 0.97% | 359.55 | +1.72% | +10.91% | +22.84% | +15.03% | 89 |
| GOOGL Alphabet Cl A | 0.96% | 347.68 | +0.35% | +1.98% | +2.72% | +11.16% | 29 |
| IONQ Ionq Inc | 0.96% | 43.29 | +0.74% | -1.41% | +9.54% | -3.52% | 60 |
| NVDA Nvidia Corp | 0.96% | 239.24 | +0.14% | +5.29% | +3.97% | +28.44% | 35 |
| NET Cloudflare Inc Cl A | 0.92% | 355.01 | -1.25% | +0.78% | +27.28% | +80.07% | 92 |
| SNOW Snowflake Inc Cl A | 0.92% | 335.95 | -0.90% | +1.71% | -0.36% | +53.15% | 23 |
| RTX Rtx Corp | 0.90% | 183.29 | -0.56% | -1.95% | -8.72% | +0.27% | 5 |
| TDC Teradata Corp | 0.89% | 29.62 | -0.97% | +3.24% | +5.60% | -2.69% | 40 |
| NTNX Nutanix Inc | 0.88% | 73.41 | +0.00% | +4.74% | +7.86% | +42.02% | 52 |
| NOC Northrop Grumman Corp | 0.85% | 483.11 | +1.47% | -4.26% | -6.19% | -15.00% | 10 |
| SNPS Synopsys Inc | 0.82% | 505.17 | +3.42% | +21.70% | +28.27% | +7.55% | 94 |
| BIDU Baidu Inc ADR | 0.79% | 87.05 | +0.07% | +0.39% | -12.49% | -33.38% | 2 |
| AVGO Broadcom Ltd | 0.79% | 375.81 | +3.67% | +5.83% | +5.00% | +8.81% | 39 |
| QBTS D-Wave Quantum Inc | 0.75% | 15.79 | +0.96% | -3.90% | -4.76% | -39.62% | 13 |
| IBM Intl Business Machines | 0.75% | 221.29 | -0.13% | +0.59% | -5.79% | -24.87% | 11 |
| BAH Booz Allen Hamilton Holding Corp | 0.71% | 68.14 | -0.69% | -2.25% | -6.40% | -18.61% | 8 |
| ORCL Oracle Corp | 0.71% | 144.77 | +1.61% | +5.07% | -8.82% | -25.27% | 3 |
| MSFT Microsoft Corp | 0.70% | 529.30 | +0.78% | +4.00% | +5.92% | +9.70% | 42 |
| MDB Mongodb Inc Cl A | 0.69% | 360.71 | +0.41% | +6.98% | -2.18% | -14.05% | 19 |
| RGTI Rigetti Computing Inc | 0.69% | 15.17 | +0.13% | -3.62% | -0.20% | -31.51% | 24 |
| QUBT Quantum Computing Inc | 0.68% | 7.86 | -1.01% | -7.09% | -1.87% | -23.39% | 21 |
| ESTC Elastic N.V. | 0.66% | 94.60 | -0.33% | +6.53% | +3.04% | +25.40% | 32 |
| WIT Wipro Ltd ADR | 0.65% | 1.68 | -0.59% | +4.35% | -7.18% | -39.32% | 6 |
| RDNT Radnet Inc | 0.63% | 70.28 | -0.41% | -0.52% | -4.65% | -1.50% | 15 |
| BABA Alibaba Group Holding ADR | 0.61% | 109.26 | -1.39% | +1.41% | -3.51% | -25.46% | 16 |
| PLTR Palantir Technologies Cl A | 0.58% | 192.07 | +1.41% | +2.73% | +10.18% | +8.06% | 65 |
| BTQ Btq Technologies Corp | 0.54% | 3.26 | +3.49% | +14.79% | +7.77% | -36.33% | 50 |
| CRM Salesforce Inc | 0.54% | 224.99 | -2.09% | -0.14% | -13.21% | -14.86% | 0 |
| ACN Accenture Plc | 0.54% | 193.40 | -0.85% | +9.19% | +3.58% | -26.88% | 34 |
| ARQQ Arqit Quantum Inc | 0.40% | 23.43 | -1.06% | -2.86% | +9.64% | +7.08% | 63 |
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
QTUM dispersion — data Q&A
Is QTUM's move broad or carried by a few names (21 sessions)?
As of 2026-10-06: over 21 sessions the fund returned +6.42% while its median constituent returned +7.53% — a dispersion of 11.29 pp; 55% of 62 members beat the fund. Broad advance - breadth is rising with price.
How did QTUM's members trade in the last session?
As of 2026-10-06: fund +0.63%, median member +0.14%, 34 advancers vs 27 decliners.
What does the dispersion page for QTUM 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. 62 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.