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 | +1.69% | +0.29 | +2pp | +2.60pp | Confirming ↑ |
| 1 month | +14.19% | +2.44 | -8pp | -2.45pp | Confirming ↑ |
| 1 quarter | +13.80% | +0.71 | -5pp | -0.76pp | Confirming ↑ |
Over the last 126 sessions: price up +71.68%, breadth up (+8.51/name) · % beating 51→46 · median−ETF +0.20pp→-0.61pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -2.00% | -1.97% | +0.03pp | 10 / 31 | 21 / 20 | 15 of 41 | ±2.65% |
| 5d | +1.69% | +1.80% | +0.12pp | 28 / 13 | 22 / 19 | 10 of 41 | ±4.24% |
| 21d | +14.19% | +10.17% | -4.03pp | 32 / 9 | 18 / 23 | 5 of 41 | ±14.79% |
| YTD | +51.14% | +44.69% | -6.45pp | 30 / 10 | 17 / 23 | 2 of 40 | ±54.62% |
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)
- DT+2.76%+0.05pp
- ACN+2.78%+0.03pp
- HO.FP+1.97%+0.02pp
- OTEX.TO+2.39%+0.02pp
- NTAP+0.86%+0.02pp
- CRWD-4.37%-0.46pp
- PANW-3.57%-0.37pp
- CSCO-2.58%-0.23pp
- AKAM-4.96%-0.18pp
- AVGO-1.88%-0.13pp
This month (21d)
- CRWD+27.22%+2.87pp
- PANW+22.13%+2.27pp
- FTNT+23.62%+2.22pp
- OKTA+36.38%+1.07pp
- ZS+37.22%+0.91pp
- GEN-22.84%-0.51pp
- AKAM-4.81%-0.17pp
- AVGO-1.83%-0.13pp
- IBM-6.69%-0.11pp
- LDOS-5.33%-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)
- RBRK+38.50%
- ZS+37.22%
- OKTA+36.38%
- TENB+35.40%
- QLYS+30.94%
- GEN-22.84%
- ATO.FP-15.43%
- IBM-6.69%
- LDOS-5.33%
- AKAM-4.81%
CIBR — constituent leadership race
$100 in each covered CIBR 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 — 41 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CRWD Crowdstrike Holdings | 10.55% | 263.01 | -4.37% | -3.54% | +27.22% | +124.43% | 78 |
| PANW Palo Alto Networks | 10.24% | 403.83 | -3.57% | -0.72% | +22.13% | +119.23% | 73 |
| FTNT Fortinet Inc | 9.41% | 192.94 | -0.93% | +4.78% | +23.62% | +142.97% | 76 |
| CSCO Cisco Systems Inc | 8.93% | 115.34 | -2.58% | +2.23% | +2.86% | +51.35% | 32 |
| AVGO Broadcom Ltd | 7.16% | 354.73 | -1.88% | -2.15% | -1.83% | +2.71% | 20 |
| NET Cloudflare Inc Cl A | 4.26% | 350.87 | -2.79% | -2.40% | +14.47% | +77.97% | 56 |
| AKAM Akamai Technologies | 3.54% | 101.65 | -4.96% | -5.87% | -4.81% | +16.50% | 10 |
| FFIV F5 Inc | 3.03% | 473.49 | -1.32% | +3.26% | +15.01% | +85.49% | 61 |
| DDOG Datadog Inc Cl A | 2.97% | 287.29 | -2.04% | +3.93% | +29.87% | +111.26% | 83 |
| OKTA Okta Inc Cl A | 2.94% | 227.08 | -2.18% | +4.03% | +36.38% | +162.61% | 93 |
| NTAP Netapp Inc | 2.46% | 239.18 | +0.86% | +7.13% | +20.02% | +125.58% | 71 |
| ZS Zscaler Inc | 2.44% | 225.78 | -3.40% | +11.88% | +37.22% | +0.38% | 95 |
| GEN Gen Digital Inc | 2.23% | 23.35 | +0.43% | +4.80% | -22.84% | -13.20% | 0 |
| CHKP Check Point Software | 2.11% | 134.32 | -2.08% | +3.66% | +2.04% | -27.61% | 22 |
| RBRK Rubrik Inc Cl A | 1.90% | 120.01 | -4.10% | -2.18% | +38.50% | +56.92% | 98 |
| FROG Jfrog Ltd | 1.81% | 99.02 | -3.14% | +1.19% | +13.58% | +58.53% | 51 |
| IBM Intl Business Machines | 1.71% | 227.02 | -0.05% | +2.46% | -6.69% | -22.92% | 5 |
| ANET Arista Networks Inc | 1.70% | 210.88 | -2.70% | +1.92% | +5.66% | +60.94% | 39 |
| DT Dynatrace Inc | 1.64% | 65.25 | +2.76% | +8.37% | +27.77% | +50.55% | 80 |
| GOOGL Alphabet Cl A | 1.63% | 352.72 | +0.30% | +1.80% | +4.20% | +12.77% | 34 |
| MSFT Microsoft Corp | 1.49% | 541.15 | +1.14% | +3.04% | +9.18% | +12.15% | 46 |
| BAH Booz Allen Hamilton Holding Corp | 1.36% | 73.63 | -0.42% | +7.32% | -2.99% | -12.05% | 12 |
| HO.FP Thales | 1.21% | 222.60 | +1.97% | -1.85% | -1.85% | -3.13% | 17 |
| INFY Infosys Ltd ADR | 1.19% | 10.83 | +0.93% | +0.65% | -2.17% | -37.91% | 15 |
| ACN Accenture Plc | 1.17% | 214.87 | +2.78% | +10.16% | +16.84% | -18.76% | 66 |
| BB Blackberry Ltd | 1.10% | 8.45 | -5.16% | -6.94% | +10.17% | +122.96% | 49 |
| LDOS Leidos Holdings Inc | 0.97% | 121.60 | -0.07% | +1.80% | -5.33% | -32.43% | 7 |
| ESTC Elastic N.V. | 0.94% | 95.52 | -2.76% | +0.64% | +14.55% | +26.62% | 59 |
| OTEX.TO Open Text Corporation | 0.93% | 33.82 | +2.39% | +6.72% | +8.15% | -22.63% | 44 |
| S Sentinelone Inc Cl A | 0.88% | 25.66 | -2.32% | +0.90% | +29.92% | +71.07% | 85 |
| SAIC Science Applications International | 0.81% | 133.05 | -1.20% | +5.15% | +2.42% | +33.13% | 27 |
| CVLT Commvault Systems | 0.77% | 155.37 | -1.20% | +1.07% | +19.45% | +23.94% | 68 |
| VRNS Varonis Systems Inc | 0.60% | 46.37 | -7.48% | -3.70% | +2.77% | +41.37% | 29 |
| QLYS Qualys Inc | 0.57% | 196.77 | -2.79% | -0.96% | +30.94% | +48.06% | 88 |
| TENB Tenable Holdings Inc | 0.50% | 40.77 | -1.97% | +5.87% | +35.40% | +73.27% | 90 |
| FSLY Fastly Inc | 0.47% | 26.43 | -9.80% | +1.61% | +14.12% | — | 54 |
| NTCT Netscout Systems | 0.43% | 40.05 | -1.57% | -2.79% | +5.26% | +48.00% | 37 |
| ATEN A10 Networks Inc | 0.30% | 28.72 | -3.07% | +1.88% | +16.09% | +63.18% | 63 |
| ZD Ziff Davis Inc | 0.26% | 57.58 | +1.88% | +2.86% | +2.42% | +63.81% | 24 |
| RDWR Radware Ltd | 0.19% | 29.64 | -4.33% | -3.39% | +6.24% | +23.04% | 41 |
| ATO.FP Atos Se | 0.16% | 21.16 | -0.66% | -3.99% | -15.43% | -57.82% | 2 |
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
CIBR dispersion — data Q&A
Is CIBR's move broad or carried by a few names (21 sessions)?
As of 2026-10-13: over 21 sessions the fund returned +14.19% while its median constituent returned +10.17% — a dispersion of 14.79 pp; 44% of 41 members beat the fund. Broad advance - breadth is rising with price.
How did CIBR's members trade in the last session?
As of 2026-10-13: fund -2.00%, median member -1.97%, 10 advancers vs 31 decliners.
What does the dispersion page for CIBR 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. 41 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.