Constituent dispersion · breadth vs the index
CIBR — First Trust Nasdaq Cybersecurity
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 | -1.09% | -0.34 | +3pp | +1.76pp | Confirming ↓ |
| 1 month | +5.15% | -0.1 | +15pp | +5.66pp | Weakening |
| 1 quarter | +29.82% | +5.24 | +5pp | +0.05pp | Confirming ↑ |
Over the last 126 sessions: price up +18.70%, breadth up (+4.71/name) · % beating 61→49 · median−ETF +1.55pp→-1.50pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.37% | +0.41% | +0.04pp | 26 / 15 | 22 / 19 | 14 of 41 | ±4.08% |
| 5d | -1.09% | -1.00% | +0.09pp | 15 / 25 | 21 / 20 | 9 of 41 | ±6.02% |
| 21d | +5.15% | +3.65% | -1.50pp | 27 / 14 | 20 / 21 | 0 of 41 | ±15.3% |
| YTD | +18.53% | +8.11% | -10.42pp | 25 / 15 | 16 / 24 | 2 of 40 | ±40.09% |
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)
- AVGO+4.70%+0.34pp
- PANW+2.00%+0.21pp
- CSCO+1.88%+0.17pp
- OKTA+4.23%+0.12pp
- NTAP+3.17%+0.08pp
- ACN-17.97%-0.21pp
- INFY-9.66%-0.11pp
- BAH-6.67%-0.09pp
- IBM-5.05%-0.09pp
- AKAM-2.31%-0.08pp
This month (21d)
- PANW+19.84%+2.03pp
- FTNT+13.39%+1.26pp
- CRWD+11.02%+1.16pp
- OKTA+37.47%+1.1pp
- NTAP+32.44%+0.8pp
- ZS-28.76%-0.7pp
- AKAM-11.62%-0.41pp
- ACN-27.61%-0.32pp
- BAH-13.82%-0.19pp
- INFY-15.11%-0.18pp
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)
- OKTA+37.47%
- BB+34.94%
- NTAP+32.44%
- CVLT+27.52%
- PANW+19.84%
- ZS-28.76%
- ACN-27.61%
- INFY-15.11%
- LDOS-14.96%
- S-14.95%
CIBR — constituent leadership race
$100 in each covered CIBR constituent at 2025-12-16, 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 — 41 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CRWD Crowdstrike Holdings | 10.55% | 684.86 | +0.28% | -0.96% | +11.02% | +46.10% | 68 |
| PANW Palo Alto Networks | 10.24% | 287.78 | +2.00% | +2.95% | +19.84% | +56.23% | 88 |
| FTNT Fortinet Inc | 9.41% | 144.73 | +0.41% | -0.23% | +13.39% | +82.26% | 78 |
| CSCO Cisco Systems Inc | 8.93% | 119.54 | +1.88% | -1.88% | +3.61% | +56.86% | 44 |
| AVGO Broadcom Ltd | 7.16% | 411.35 | +4.70% | +6.69% | +0.07% | +19.10% | 34 |
| NET Cloudflare Inc Cl A | 4.26% | 224.06 | -1.24% | -1.49% | +8.38% | +13.65% | 56 |
| AKAM Akamai Technologies | 3.54% | 124.91 | -2.31% | -5.70% | -11.62% | +43.16% | 17 |
| FFIV F5 Inc | 3.03% | 385.49 | +0.16% | -2.12% | +0.52% | +51.02% | 37 |
| DDOG Datadog Inc Cl A | 2.97% | 223.00 | -1.60% | -4.80% | +3.65% | +63.98% | 46 |
| OKTA Okta Inc Cl A | 2.94% | 117.81 | +4.23% | +0.26% | +37.47% | +36.24% | 98 |
| NTAP Netapp Inc | 2.46% | 159.71 | +3.17% | -0.47% | +32.44% | +50.63% | 93 |
| ZS Zscaler Inc | 2.44% | 124.85 | +0.38% | -1.00% | -28.76% | -44.49% | 0 |
| GEN Gen Digital Inc | 2.23% | 24.18 | +1.04% | +1.00% | -0.58% | -10.12% | 32 |
| CHKP Check Point Software | 2.11% | 122.33 | +0.36% | -0.64% | -2.90% | -34.08% | 29 |
| RBRK Rubrik Inc Cl A | 1.90% | 70.22 | +1.42% | -1.72% | +9.16% | -8.19% | 59 |
| FROG Jfrog Ltd | 1.81% | 82.72 | +1.68% | +5.40% | +17.12% | +32.44% | 80 |
| IBM Intl Business Machines | 1.71% | 249.10 | -5.05% | -9.37% | +12.04% | -15.42% | 73 |
| ANET Arista Networks Inc | 1.70% | 169.67 | +2.87% | +8.48% | +19.84% | +29.49% | 85 |
| DT Dynatrace Inc | 1.64% | 41.42 | +0.41% | +2.60% | +3.65% | -4.43% | 49 |
| GOOGL Alphabet Cl A | 1.63% | 368.03 | +1.17% | +2.87% | -5.06% | +17.66% | 24 |
| MSFT Microsoft Corp | 1.49% | 379.40 | +0.13% | -2.80% | -8.91% | -21.37% | 20 |
| BAH Booz Allen Hamilton Holding Corp | 1.36% | 66.36 | -6.67% | -14.04% | -13.82% | -20.74% | 15 |
| HO.FP Thales | 1.21% | 232.60 | +0.69% | -2.19% | +1.35% | +1.22% | 39 |
| INFY Infosys Ltd ADR | 1.19% | 10.57 | -9.66% | -8.88% | -15.11% | -39.40% | 5 |
| ACN Accenture Plc | 1.17% | 127.98 | -17.97% | -23.60% | -27.61% | -51.61% | 2 |
| BB Blackberry Ltd | 1.10% | 8.38 | -5.10% | -9.80% | +34.94% | +121.11% | 95 |
| LDOS Leidos Holdings Inc | 0.97% | 107.12 | -1.43% | -11.94% | -14.96% | -40.47% | 7 |
| ESTC Elastic N.V. | 0.94% | 58.97 | +0.70% | -2.08% | +9.77% | -21.83% | 66 |
| OTEX.TO Open Text Corporation | 0.93% | 29.23 | -1.65% | -4.23% | -6.15% | -33.13% | 22 |
| S Sentinelone Inc Cl A | 0.88% | 15.02 | +1.49% | +1.76% | -14.95% | +0.13% | 10 |
| SAIC Science Applications International | 0.81% | 102.39 | -4.07% | -10.91% | +7.42% | +2.45% | 54 |
| CVLT Commvault Systems | 0.77% | 130.03 | +2.31% | +2.52% | +27.52% | +3.73% | 90 |
| VRNS Varonis Systems Inc | 0.60% | 33.55 | +1.42% | +0.27% | +12.70% | +2.29% | 76 |
| QLYS Qualys Inc | 0.57% | 111.30 | -0.78% | +0.42% | +11.20% | -16.25% | 71 |
| TENB Tenable Holdings Inc | 0.50% | 26.87 | -0.04% | +0.00% | +6.42% | +14.19% | 51 |
| FSLY Fastly Inc | 0.47% | 17.90 | +2.81% | -5.19% | +9.41% | — | 61 |
| NTCT Netscout Systems | 0.43% | 39.67 | +1.15% | -5.75% | +1.72% | +46.60% | 41 |
| ATEN A10 Networks Inc | 0.30% | 33.26 | +1.03% | +1.84% | +17.61% | +88.98% | 83 |
| ZD Ziff Davis Inc | 0.26% | 46.03 | +3.86% | +0.63% | +9.73% | +30.95% | 63 |
| RDWR Radware Ltd | 0.19% | 27.10 | -0.84% | -6.90% | -4.38% | +12.49% | 27 |
| ATO.FP Atos Se | 0.16% | 34.70 | -4.67% | +2.60% | -14.11% | -30.84% | 12 |
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.