Constituent dispersion · breadth vs the index
XLF — Financial Select Sector
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 | +0.00% | +0.25 | +5pp | -0.31pp | Improving |
| 1 month | -7.04% | -4.03 | -8pp | -1.28pp | Confirming ↓ |
| 1 quarter | -1.75% | -2.04 | -20pp | -2.62pp | Confirming ↓ |
Over the last 126 sessions: price up +9.05%, breadth up (+3.2/name) · % beating 47→42 · median−ETF -0.15pp→-1.28pp.
Stocks above their moving average — participation breadth
Of the 76 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 2026-10-06.
New highs & new lows — by horizon
How many of the 76 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 | 35 (46%) | 5 (7%) | +30 |
| 1-Month | 0 (0%) | 4 (5%) | -4 |
| 3-Month | 0 (0%) | 3 (4%) | -3 |
| 6-Month | 0 (0%) | 1 (1%) | -1 |
| 52-Week | 0 (0%) | 0 (0%) | +0 |
| YTD | 0 (0%) | 0 (0%) | +0 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.24% | +0.22% | -0.02pp | 49 / 27 | 37 / 39 | 62 of 76 | ±0.74% |
| 5d | +0.00% | +0.24% | +0.24pp | 41 / 35 | 41 / 35 | 43 of 76 | ±1.8% |
| 21d | -7.04% | -8.32% | -1.28pp | 2 / 74 | 32 / 44 | 9 of 76 | ±4.7% |
| YTD | -0.88% | +0.40% | +1.28pp | 39 / 37 | 42 / 34 | 7 of 76 | ±17.06% |
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)
- BRK.B+0.25%+0.03pp
- BLK+1.22%+0.02pp
- SPGI+1.33%+0.02pp
- JPM+0.17%+0.02pp
- BX+1.53%+0.02pp
- SCHW-1.18%-0.02pp
- HOOD-1.85%-0.02pp
- COIN-1.32%-0.01pp
- FISV-1.43%-0.01pp
- PGR-0.27%0pp
This month (21d)
- COIN+0.60%+0pp
- WRB+0.74%+0pp
- JPM-7.63%-0.87pp
- BAC-13.70%-0.67pp
- GS-13.62%-0.57pp
- MS-12.26%-0.42pp
- WFC-9.40%-0.32pp
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)
- WRB+0.74%
- COIN+0.60%
- BRK.B-0.10%
- MET-0.47%
- PYPL-0.64%
- FIS-19.30%
- BX-16.74%
- ARES-15.99%
- KKR-15.84%
- AON-15.20%
XLF — constituent leadership race
$100 in each covered XLF constituent at 2025-12-24, 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 — 76 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| BRK.B Berkshire Hathaway Cl B | 11.80% | 505.54 | +0.25% | +0.64% | -0.10% | +0.57% | 96 |
| JPM JP Morgan Chase & Company | 11.38% | 331.28 | +0.17% | -0.61% | -7.63% | +3.80% | 53 |
| V Visa Inc | 7.13% | 370.64 | +0.25% | +1.30% | -1.18% | +5.90% | 92 |
| MA Mastercard Inc | 5.25% | 566.58 | +0.35% | +0.53% | -2.18% | -0.43% | 87 |
| BAC Bank of America Corp | 4.89% | 54.09 | +0.17% | -1.58% | -13.70% | -1.10% | 9 |
| GS Goldman Sachs Group | 4.19% | 897.18 | +0.42% | -2.08% | -13.62% | +2.61% | 11 |
| WFC Wells Fargo & Company | 3.41% | 81.51 | +0.09% | +1.28% | -9.40% | -12.11% | 42 |
| MS Morgan Stanley | 3.39% | 191.02 | +0.44% | -0.90% | -12.26% | +8.77% | 18 |
| C Citigroup Inc | 3.21% | 128.52 | -0.02% | -1.74% | -6.68% | +11.24% | 61 |
| AXP American Express Company | 2.29% | 304.55 | +0.17% | -0.28% | -6.63% | -17.23% | 62 |
| SCHW The Charles Schwab Corp | 2.00% | 96.80 | -1.18% | -2.32% | -11.43% | -2.79% | 22 |
| BLK Blackrock Inc | 1.96% | 1079.42 | +1.22% | +1.07% | -3.31% | +1.41% | 76 |
| SPGI S&P Global Inc | 1.69% | 396.13 | +1.33% | +0.94% | -10.68% | -23.85% | 29 |
| CB Chubb Ltd | 1.57% | 334.21 | +1.13% | +0.64% | -1.86% | +7.39% | 89 |
| PGR Progressive Corp | 1.57% | 212.05 | -0.27% | +0.78% | -3.15% | -0.92% | 80 |
| COF Capital One Financial Corp | 1.52% | 195.82 | +0.35% | -0.33% | -10.83% | -18.55% | 28 |
| BNY Bank of New York Mellon Corp | 1.30% | 143.73 | -0.01% | -2.21% | -12.81% | +24.85% | 14 |
| CME CME Group | 1.28% | 270.18 | +0.06% | +2.64% | -3.50% | +1.30% | 74 |
| PNC PNC Bank | 1.26% | 220.16 | -0.05% | -0.67% | -10.36% | +7.10% | 33 |
| BX Blackstone Inc | 1.21% | 113.36 | +1.53% | -0.56% | -16.74% | -24.91% | 1 |
| USB U.S. Bancorp | 1.21% | 57.29 | +0.03% | -0.54% | -9.59% | +8.47% | 38 |
| MRSH Marsh & Mclennan Companies | 1.07% | 171.74 | +0.77% | +1.36% | -7.54% | -6.48% | 54 |
| ICE Intercontinental Exchange | 1.05% | 153.49 | +0.88% | +0.85% | -4.82% | -4.92% | 68 |
| HOOD Robinhood Markets Inc Cl A | 0.97% | 112.00 | -1.85% | -3.63% | -8.28% | -0.97% | 50 |
| AON AON Plc | 0.95% | 273.99 | +0.71% | -0.69% | -15.20% | -21.98% | 5 |
| MCO Moody's Corp | 0.90% | 452.32 | +0.93% | -0.55% | -8.35% | -11.05% | 49 |
| KKR KKR & Company LP | 0.87% | 90.67 | +0.79% | -2.69% | -15.84% | -28.61% | 4 |
| TRV The Travelers Companies | 0.87% | 360.64 | -0.02% | -0.71% | -2.02% | +24.79% | 88 |
| TFC Truist Financial Corp | 0.86% | 46.25 | -0.17% | -0.41% | -10.45% | -4.06% | 32 |
| APO Apollo Asset Management | 0.82% | 115.95 | +0.52% | -2.56% | -13.26% | -19.24% | 13 |
| ALL Allstate Corp | 0.76% | 224.27 | -0.20% | -0.51% | -13.60% | +8.86% | 12 |
| AJG Arthur J. Gallagher & Company | 0.74% | 229.85 | +1.15% | +0.92% | -12.26% | -10.61% | 20 |
| AFL Aflac Inc | 0.72% | 113.63 | +1.11% | -0.03% | -3.05% | +4.13% | 82 |
| FITB Fifth Third Bancorp | 0.65% | 51.00 | +0.39% | +0.89% | -7.05% | +9.94% | 57 |
| MET Metlife Inc | 0.64% | 97.16 | +0.29% | +2.06% | -0.47% | +24.91% | 95 |
| STT State Street Corp | 0.62% | 175.75 | -0.35% | -0.62% | -9.53% | +38.04% | 39 |
| MSCI MSCI Inc | 0.58% | 554.92 | +0.47% | +2.81% | -3.16% | -2.55% | 79 |
| AMP Ameriprise Financial Services | 0.55% | 496.61 | +0.34% | -0.14% | -11.41% | +1.95% | 24 |
| IBKR Interactive Brokers | 0.53% | 90.58 | +1.72% | +5.11% | -2.20% | +41.14% | 86 |
| AIG American International Group | 0.53% | 75.11 | -0.01% | -0.21% | -1.44% | -11.69% | 91 |
| NDAQ Nasdaq Inc | 0.53% | 92.27 | +0.09% | +0.46% | -4.44% | -4.70% | 72 |
| PYPL Paypal Holdings | 0.50% | 54.61 | +0.37% | +1.34% | -0.64% | -6.17% | 93 |
| XYZ Block Inc | 0.50% | 76.54 | +0.41% | +3.36% | -7.52% | +17.59% | 55 |
| PRU Prudential Financial Inc | 0.50% | 113.54 | +0.05% | -1.32% | -6.95% | +3.36% | 58 |
| HIG The Hartford Insurance Group | 0.48% | 126.79 | +0.46% | +0.75% | -8.37% | -7.16% | 47 |
| COIN Coinbase Global Cl A | 0.47% | 185.74 | -1.32% | -2.25% | +0.60% | -17.87% | 97 |
| HBAN Huntington Bancshares | 0.47% | 15.33 | +0.26% | +0.39% | -9.98% | -10.74% | 34 |
| MTB M&T Bank Corp | 0.46% | 218.74 | +0.22% | +0.57% | -8.80% | +10.09% | 46 |
| ACGL Arch Capital Grp Ltd | 0.43% | 94.82 | +0.49% | -0.32% | -3.34% | -1.15% | 75 |
| NTRS Northern Trust Corp | 0.43% | 169.46 | -0.71% | -2.01% | -9.20% | +25.34% | 43 |
| CBOE CBOE Global Markets | 0.41% | 278.20 | +0.26% | +6.28% | -6.76% | +11.34% | 59 |
| FISV Fiserv Inc | 0.38% | 45.48 | -1.43% | +0.26% | -14.19% | -32.29% | 8 |
| CFG Citizens Financial Group | 0.38% | 64.09 | -0.34% | +0.31% | -9.45% | +11.29% | 41 |
| ARES Ares Management LP | 0.37% | 117.74 | +0.52% | -1.03% | -15.99% | -26.16% | 3 |
| RJF Raymond James Financial | 0.36% | 159.43 | -0.85% | +0.08% | -10.58% | -0.01% | 30 |
| CINF Cincinnati Financial | 0.35% | 163.08 | +0.58% | +1.21% | -4.69% | +0.44% | 70 |
| SYF Synchrony Financial | 0.34% | 72.16 | +0.39% | +0.61% | -9.71% | -12.80% | 37 |
| RF Regions Financial Corp | 0.33% | 27.05 | -0.07% | +0.60% | -11.08% | +1.74% | 26 |
| WTW Willis Towers Watson Public | 0.33% | 291.98 | +1.34% | +1.52% | -12.77% | -10.85% | 17 |
| CPAY Corpay Inc | 0.33% | 406.79 | +1.26% | +3.59% | -2.30% | +35.18% | 84 |
| TROW T Rowe Price Group | 0.31% | 103.60 | -0.32% | -0.87% | -5.63% | +2.70% | 66 |
| PFG Principal Financial Group | 0.29% | 109.70 | -1.20% | -3.75% | -5.98% | +26.48% | 64 |
| KEY Keycorp | 0.28% | 20.14 | -0.20% | +0.10% | -9.20% | -0.48% | 45 |
| WRB W.R. Berkley Corp | 0.27% | 69.65 | -0.17% | +2.10% | +0.74% | +0.35% | 99 |
| FIS Fidelity National Information Services | 0.27% | 33.42 | -0.48% | +0.21% | -19.30% | -49.28% | 0 |
| L Loews Corp | 0.24% | 106.46 | +0.75% | +0.50% | -2.60% | +1.21% | 83 |
| BRO Brown & Brown | 0.23% | 60.97 | +0.07% | +0.61% | -14.63% | -23.10% | 7 |
| GPN Global Payments Inc | 0.21% | 81.79 | -0.47% | -1.85% | -11.37% | +6.02% | 25 |
| EG Everest Re Group | 0.18% | 366.84 | +0.01% | -0.53% | -3.16% | +8.78% | 78 |
| GL Globe Life Inc | 0.17% | 166.28 | +0.22% | +0.32% | -4.58% | +19.40% | 71 |
| AIZ Assurant Inc | 0.17% | 270.96 | +1.71% | +2.77% | -5.17% | +12.96% | 67 |
| IVZ Invesco Limited | 0.17% | 30.38 | -0.39% | -0.13% | -8.13% | +17.49% | 51 |
| BEN Franklin Resources | 0.13% | 32.44 | -1.34% | +0.31% | -6.59% | +37.77% | 63 |
| JKHY Jack Henry & Assoc | 0.12% | 144.43 | -0.48% | -1.22% | -12.80% | -20.21% | 16 |
| FDS Factset Research Systems | 0.12% | 272.01 | -1.60% | +4.63% | -9.92% | -5.32% | 36 |
| ERIE Erie Indemnity Company | 0.08% | 223.22 | +0.79% | +1.02% | -11.70% | -21.27% | 21 |
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
XLF dispersion — data Q&A
Is XLF's move broad or carried by a few names (21 sessions)?
As of 2026-10-06: over 21 sessions the fund returned -7.04% while its median constituent returned -8.32% — a dispersion of 4.70 pp; 42% of 76 members beat the fund. Broad decline - breadth is falling with price.
How did XLF's members trade in the last session?
As of 2026-10-06: fund +0.24%, median member +0.22%, 49 advancers vs 27 decliners.
What does the dispersion page for XLF 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. 76 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.