Closelooknet rankings · Inside the ETFs
The funds most divided inside
The covered funds ranked by how far apart their members’ 21-day returns are — the most internally divided funds first, the most unanimous last.
An ETF shows one price, but its members rarely agree. Dispersion measures how far apart the members’ returns are — here over the last 21 trading days. A fund at the top of this list is not one trade; it is a battleground, and its headline return hides big winners and big losers. The bottom of the table shows the funds moving as one block.
Engine run of 2026-10-06 · 40 funds and Closelooknet indices covered, member by member — the Sector Dispersion lab holds the full per-fund detail.
| # | Fund | 21d dispersion | A/D 90d | Fund 21d | Median member 21d | Up / down (1d) | Beat / lag (21d) | Members |
|---|---|---|---|---|---|---|---|---|
| 1 | ARKK ARK Innovation | 20.7 pp | +5.0% | +2.7% | 16 / 25 | 17 / 25 | 42 | |
| 2 | AEI Agentic Ecosystem Index (EW) | 15.8 pp | +14.4% | +15.3% | 24 / 10 | 17 / 17 | 34 | |
| 3 | XSD SPDR S&P Semiconductor (EW) | 15.6 pp | +13.6% | +14.0% | 26 / 16 | 23 / 20 | 43 | |
| 4 | DTCR Global X Data Center & Digital Infra | 14.6 pp | -1.4% | -1.5% | 13 / 7 | 10 / 10 | 20 | |
| 5 | XLK Technology Select Sector | 14.5 pp | +7.9% | +6.4% | 50 / 22 | 32 / 40 | 72 | |
| 6 | CIBR First Trust Nasdaq Cybersecurity | 14.5 pp | +14.3% | +10.1% | 28 / 13 | 17 / 24 | 41 | |
| 7 | QQEW First Trust Nasdaq-100 Equal Weight | 13.9 pp | +2.7% | -1.3% | 25 / 23 | 23 / 26 | 49 | |
| 8 | IGV iShares Expanded Tech-Software | 13.8 pp | +6.3% | -3.0% | 53 / 53 | 28 / 82 | 110 | |
| 9 | IXN iShares Global Tech | 13.7 pp | +7.0% | +5.5% | 62 / 25 | 37 / 50 | 87 | |
| 10 | AIQ Global X AI & Technology | 13.7 pp | +4.2% | +2.8% | 41 / 25 | 30 / 36 | 66 | |
| 11 | QTEC First Trust Nasdaq-100 Technology | 13.5 pp | +9.0% | +7.3% | 27 / 18 | 20 / 25 | 45 | |
| 12 | WTAI WisdomTree AI & Innovation | 12.9 pp | +8.7% | +5.0% | 31 / 15 | 19 / 28 | 47 | |
| 13 | RUBIN Rubin Build-Out 100 (EW) | 11.5 pp | +11.0% | +11.5% | 80 / 45 | 64 / 61 | 125 | |
| 14 | QTUM Defiance Quantum | 11.3 pp | +6.4% | +7.5% | 34 / 27 | 34 / 28 | 62 | |
| 15 | AW40 Agentic Winners 40 (EW) | 11.0 pp | -2.8% | -3.0% | 24 / 14 | 19 / 19 | 38 | |
| 16 | XLC Communication Services Select Sector | 10.6 pp | -0.3% | -5.7% | 11 / 11 | 5 / 18 | 23 | |
| 17 | QTOP iShares Nasdaq-100 Top 30 | 9.8 pp | +7.2% | +5.0% | 21 / 10 | 13 / 18 | 31 | |
| 18 | HALO HALO Growth 100 (EW) | 9.7 pp | -4.9% | -4.2% | 60 / 39 | 51 / 48 | 99 | |
| 19 | EUROAI Euro-AI Sovereign 50 (EW) | 9.3 pp | +2.5% | +1.1% | 35 / 26 | 26 / 35 | 61 | |
| 20 | IXP Global Communications | 9.2 pp | +0.3% | -5.1% | 19 / 17 | 7 / 30 | 37 | |
| 21 | QQXT First Trust Nasdaq-100 Ex-Technology | 9.1 pp | -4.1% | -4.5% | 35 / 20 | 25 / 31 | 56 | |
| 22 | RXI Global Discretionary | 8.7 pp | -4.3% | -6.4% | 58 / 17 | 28 / 47 | 75 | |
| 23 | SMH VanEck Semiconductor | 8.6 pp | +11.6% | +15.0% | 13 / 12 | 16 / 9 | 25 | |
| 24 | XLI Industrial Select Sector | 8.2 pp | -2.1% | -3.9% | 54 / 26 | 32 / 48 | 80 | |
| 25 | XLV Health Care Select Sector | 8.1 pp | -2.5% | -3.7% | 21 / 38 | 24 / 35 | 59 | |
| 26 | XLY Consumer Discretionary Select Sector | 8.0 pp | -2.8% | -6.6% | 35 / 13 | 14 / 34 | 48 | |
| 27 | IXJ Global Healthcare | 7.9 pp | -3.4% | -3.7% | 35 / 45 | 38 / 42 | 80 | |
| 28 | EXI Global Industrials | 7.3 pp | -2.4% | -3.4% | 90 / 44 | 63 / 72 | 135 | |
| 29 | IXG Global Financials | 6.9 pp | -6.2% | -7.0% | 91 / 42 | 58 / 75 | 133 | |
| 30 | XLE Energy Select Sector | 6.9 pp | -0.5% | -1.7% | 15 / 6 | 7 / 14 | 21 | |
| 31 | IXC Global Energy | 6.8 pp | +0.3% | -1.7% | 19 / 15 | 13 / 22 | 35 | |
| 32 | MXI Global Materials | 5.7 pp | -4.8% | -5.0% | 39 / 18 | 27 / 30 | 59 | |
| 33 | KXI Global Staples | 5.4 pp | -3.6% | -3.1% | 51 / 10 | 32 / 29 | 61 | |
| 34 | XLP Consumer Staples Select Sector | 5.4 pp | -3.3% | -6.6% | 28 / 8 | 15 / 21 | 36 | |
| 35 | XLB Materials Select Sector | 5.2 pp | -5.2% | -5.3% | 16 / 9 | 12 / 13 | 26 | |
| 36 | XLRE Real Estate Select Sector | 4.7 pp | -6.4% | -6.9% | 30 / 1 | 14 / 16 | 31 | |
| 37 | XLF Financial Select Sector | 4.7 pp | -7.0% | -8.3% | 49 / 27 | 32 / 44 | 76 | |
| 38 | JXI Global Utilities | 4.6 pp | -3.0% | -3.2% | 39 / 3 | 20 / 23 | 43 | |
| 39 | REET Global REITs | 4.3 pp | -6.1% | -5.3% | 79 / 16 | 56 / 39 | 96 | |
| 40 | XLU Utilities Select Sector | 3.8 pp | -4.5% | -3.8% | 31 / 0 | 19 / 12 | 31 |
Dispersion = spread of member returns, in percentage points. Median member = the typical holding’s return. A/D 90d = the fund’s cumulative advance/decline line over the last 90 sessions — rising means most members participate, falling means the shell hides internal decline. Up/down counts members in the last session; beat/lag counts members ahead of or behind the fund itself over 21 days. All 40 covered funds are shown — both ends of the table are the story.
Go deeper
- Click any fund for its dispersion page in the lab — member-by-member returns, the advance/decline line inside the fund, and what changed.
- The Directional Flow ranking grades the trend of single names; this family shows which themes those names disagree about.
- The daily archive keeps every run's full dispersion ranking — which funds were battlegrounds on any past day.
- Sector flow and theme flow rank the same funds by trend quality instead of internal agreement.
FAQ
What does dispersion mean here?
How far apart the returns of a fund’s members are over a window, in percentage points. High dispersion means the members disagree — big winners and big losers behind one headline number. Low dispersion means the fund is moving as one block.
Why does internal disagreement matter?
Two funds can print the same return for opposite reasons: one carried by a couple of heavyweights while the rest falls, the other lifted by nearly every member. The first is fragile, the second is broad. Dispersion and the median member separate those two cases.
How often is this ranking updated?
The dispersion engine runs after every US market close across the covered funds and Closelooknet indices. This page is rebuilt every morning and always shows the date of the run it was built from.
Is this investment advice?
No. Closelooknet publishes an investment research diary, not investment advice. The ranking describes what our engine measures in past prices. Past performance may not be an indication of future performance.
Closelooknet publishes an investment research diary, not investment advice. Past performance may not be an indication of future performance.