Constituent dispersion · breadth vs the index
IGV — iShares Expanded Tech-Software
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 | +3.91% | +1.38 | +5pp | +1.41pp | Confirming ↑ |
| 1 month | +11.33% | +0.66 | -12pp | -5.86pp | Confirming ↑ |
| 1 quarter | +21.54% | +0.66 | -33pp | -13.44pp | Confirming ↑ |
Over the last 126 sessions: price up +43.18%, breadth up (+5.69/name) · % beating 48→36 · median−ETF -0.19pp→-5.96pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +2.81% | +1.53% | -1.28pp | 85 / 23 | 28 / 82 | 31 of 110 | ±2.25% |
| 5d | +3.91% | +4.28% | +0.37pp | 89 / 20 | 59 / 51 | 17 of 110 | ±7.07% |
| 21d | +11.33% | +5.00% | -6.34pp | 69 / 41 | 39 / 71 | 3 of 110 | ±15.11% |
| YTD | +6.62% | -2.30% | -8.92pp | 55 / 55 | 42 / 68 | 5 of 110 | ±44.97% |
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)
- ORCL+4.21%+0.39pp
- PANW+5.09%+0.38pp
- PLTR+5.17%+0.37pp
- CRWD+4.57%+0.28pp
- MSFT+2.38%+0.2pp
- FICO-5.63%-0.06pp
- APP-1.10%-0.05pp
- INTU-0.37%-0.01pp
- WDAY-0.65%-0.01pp
- HUBS-1.53%-0.01pp
This month (21d)
- CRWD+31.69%+1.92pp
- PLTR+26.04%+1.87pp
- PANW+23.72%+1.78pp
- SNPS+28.41%+1.01pp
- CDNS+23.83%+0.86pp
- ORCL-7.55%-0.69pp
- APP-11.91%-0.57pp
- CRM-5.54%-0.34pp
- FICO-30.51%-0.33pp
- GEN-22.42%-0.11pp
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)
- PTC+51.06%
- ZS+42.97%
- RBRK+40.75%
- S+32.61%
- DDOG+32.27%
- FICO-30.51%
- ALKT-25.03%
- GEN-22.42%
- RIOT-19.40%
- CLSK-18.01%
IGV — constituent leadership race
$100 in each covered IGV 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 — 110 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| ORCL Oracle Corp | 9.21% | 141.40 | +4.21% | -0.63% | -7.55% | -27.01% | 16 |
| MSFT Microsoft Corp | 8.19% | 535.07 | +2.38% | +3.39% | +8.66% | +10.89% | 59 |
| PANW Palo Alto Networks | 7.49% | 418.78 | +5.09% | +3.85% | +23.72% | +127.35% | 87 |
| PLTR Palantir Technologies Cl A | 7.18% | 209.05 | +5.17% | +10.75% | +26.04% | +17.61% | 90 |
| CRWD Crowdstrike Holdings | 6.06% | 275.04 | +4.57% | +1.85% | +31.69% | +134.70% | 95 |
| CRM Salesforce Inc | 6.05% | 229.13 | +0.58% | -2.37% | -5.54% | -13.29% | 22 |
| APP Applovin Corp Cl A | 4.82% | 277.04 | -1.10% | +3.29% | -11.91% | -58.89% | 11 |
| ADBE Adobe Systems Inc | 3.71% | 242.27 | +0.51% | +1.93% | -2.64% | -30.78% | 27 |
| CDNS Cadence Design Sys | 3.62% | 352.84 | +1.15% | +0.42% | +23.83% | +12.88% | 88 |
| NOW Servicenow Inc | 3.61% | 140.86 | +0.79% | +4.82% | +7.39% | -8.05% | 55 |
| SNPS Synopsys Inc | 3.57% | 509.99 | +2.46% | +4.10% | +28.41% | +8.57% | 91 |
| FTNT Fortinet Inc | 3.03% | 194.75 | +2.99% | +7.63% | +22.60% | +145.25% | 85 |
| INTU Intuit Inc | 2.92% | 302.75 | -0.37% | +8.21% | -3.20% | -54.07% | 24 |
| DDOG Datadog Inc Cl A | 2.65% | 293.26 | +7.11% | +5.79% | +32.27% | +115.65% | 95 |
| MSTR Strategy Inc | 1.92% | 154.34 | +1.89% | -3.54% | +20.05% | +1.57% | 83 |
| ADSK Autodesk Inc | 1.89% | 235.35 | +0.75% | +11.01% | +11.22% | -20.49% | 64 |
| EA Electronic Arts Inc | 1.69% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 43 |
| TTWO Take-Two Interactive | 1.54% | 213.44 | +1.94% | +5.28% | -1.62% | -16.63% | 32 |
| ROP Roper Industries | 1.28% | 364.09 | -0.04% | +2.76% | -6.30% | -17.83% | 19 |
| FICO Fair Isaac and Company | 1.08% | 667.58 | -5.63% | +0.96% | -30.51% | -60.51% | 0 |
| WDAY Workday Inc | 0.96% | 186.59 | -0.65% | +0.24% | +0.81% | -13.13% | 38 |
| ZM Zoom Communications Inc | 0.95% | 97.74 | +3.24% | +5.23% | +2.39% | +13.27% | 44 |
| ZS Zscaler Inc | 0.65% | 233.73 | +7.80% | +18.89% | +42.97% | +3.92% | 98 |
| PTC Ptc Inc | 0.64% | 194.45 | +0.37% | +35.01% | +51.06% | +11.62% | 99 |
| TEAM Atlassian Corp | 0.52% | 206.79 | +1.58% | +10.06% | +15.16% | +27.54% | 71 |
| GEN Gen Digital Inc | 0.51% | 23.25 | +2.20% | +5.73% | -22.42% | -13.57% | 2 |
| TRMB Trimble Navigation | 0.49% | 60.09 | +0.40% | +4.47% | +5.72% | -23.31% | 53 |
| TYL Tyler Technologies | 0.49% | 329.55 | -0.48% | +2.09% | -1.77% | -27.40% | 30 |
| NTNX Nutanix Inc | 0.45% | 74.63 | +2.08% | +3.24% | +14.08% | +44.38% | 68 |
| DT Dynatrace Inc | 0.43% | 63.50 | +3.89% | +7.05% | +23.49% | +46.52% | 86 |
| GWRE Guidewire Software Inc | 0.43% | 167.32 | +1.54% | +9.97% | +19.44% | -16.76% | 80 |
| IOT Samsara Inc Cl A | 0.40% | 41.55 | +0.80% | +1.05% | +8.09% | +17.21% | 57 |
| HUBS Hubspot Inc | 0.39% | 228.30 | -1.53% | +6.42% | +2.12% | -43.11% | 42 |
| HUT Hut 8 Corp | 0.38% | 84.27 | +5.88% | -5.98% | -6.99% | +83.43% | 17 |
| RBRK Rubrik Inc Cl A | 0.37% | 125.14 | +3.52% | +5.53% | +40.75% | +63.62% | 97 |
| DOCU Docusign Inc | 0.36% | 71.08 | -0.49% | +3.00% | +8.02% | +3.92% | 56 |
| QBTS D-Wave Quantum Inc | 0.35% | 14.57 | -0.21% | -7.61% | -12.55% | -44.28% | 9 |
| BMNR Bitmine Immersion Technologies | 0.33% | 24.03 | -0.04% | -8.53% | -0.70% | -11.49% | 33 |
| AUR Aurora Innovation Inc Cl A | 0.33% | 5.83 | +1.75% | +2.82% | -7.90% | +51.82% | 15 |
| U Unity Software Inc | 0.33% | 46.88 | +2.16% | +7.50% | +11.43% | +6.14% | 65 |
| WULF Terawulf Inc | 0.32% | 13.77 | +0.88% | -11.10% | -14.68% | +19.84% | 7 |
| MANH Manhattan Assoc | 0.30% | 204.89 | -0.91% | +0.36% | -0.06% | +18.22% | 36 |
| RIOT Riot Platforms Inc | 0.29% | 16.89 | +0.27% | -14.42% | -19.40% | +33.27% | 3 |
| CORZ Core Scientific Inc | 0.29% | 15.41 | +0.33% | -6.32% | -11.28% | +5.84% | 13 |
| CWAN Clearwater Analytics Holdings Inc Cl A | 0.26% | 24.56 | +0.00% | +0.00% | +0.74% | +1.82% | 37 |
| IDCC Interdigital Inc | 0.25% | 331.31 | +0.92% | -1.14% | -4.37% | +4.53% | 23 |
| CIFR Cipher Digital Inc | 0.23% | 13.52 | +0.15% | -13.94% | -15.18% | -8.40% | 6 |
| SNAP Snap Inc | 0.23% | 6.23 | +6.31% | +11.65% | +12.86% | -22.80% | 67 |
| CRCL Circle Internet Group Inc Cl A | 0.23% | 84.51 | +4.54% | +4.01% | -6.43% | +6.57% | 18 |
| DSGX Descartes Sys Group | 0.23% | 82.82 | +1.81% | +3.42% | +16.12% | -5.52% | 72 |
| S Sentinelone Inc Cl A | 0.22% | 26.27 | +3.43% | +4.83% | +32.61% | +75.13% | 96 |
| OTEX Open Text Corp | 0.22% | 23.70 | +1.96% | +6.64% | +4.80% | -25.62% | 49 |
| PCOR Procore Technologies Inc | 0.21% | 56.21 | +2.61% | +10.32% | +5.64% | -22.72% | 52 |
| YOU Clear Secure Inc Cl A | 0.20% | 43.43 | +0.81% | +4.52% | +1.61% | +24.56% | 41 |
| MARA Mara Holdings Inc | 0.19% | 9.65 | -2.62% | -14.07% | -15.57% | +7.46% | 5 |
| ESTC Elastic N.V. | 0.18% | 98.23 | +3.12% | +4.57% | +17.67% | +30.21% | 77 |
| BSY Bentley Systems Inc Cl B | 0.18% | 34.97 | +0.43% | +8.50% | +12.81% | -8.03% | 66 |
| DBX Dropbox Inc | 0.18% | 34.36 | +0.64% | +1.36% | -1.97% | +23.60% | 29 |
| CVLT Commvault Systems | 0.17% | 153.05 | +1.36% | +1.84% | +16.34% | +22.09% | 73 |
| PATH Uipath Inc Cl A | 0.17% | 13.48 | +1.74% | +2.74% | -2.81% | -17.75% | 26 |
| ACIW Aci Worldwide Inc | 0.16% | 50.87 | -0.39% | +1.44% | -2.12% | +6.40% | 28 |
| CLSK Cleanspark Inc | 0.15% | 10.50 | -1.27% | -17.62% | -18.01% | +3.71% | 4 |
| APPF Appfolio Cl A | 0.15% | 202.20 | +2.41% | -0.38% | -1.73% | -13.09% | 31 |
| ZETA Zeta Global Holdings Corp Cl A | 0.14% | 33.09 | +0.18% | +1.41% | +8.28% | +62.60% | 58 |
| GTLB Gitlab Inc Cl A | 0.13% | 55.09 | +2.86% | +10.67% | +16.47% | +46.79% | 74 |
| BOX Box Inc | 0.13% | 36.39 | +0.22% | +5.51% | +6.65% | +21.66% | 54 |
| BB Blackberry Ltd | 0.13% | 8.91 | +3.24% | -4.19% | +18.17% | +135.09% | 79 |
| VRNS Varonis Systems Inc | 0.13% | 50.12 | +2.54% | +5.36% | +10.15% | +52.80% | 63 |
| QLYS Qualys Inc | 0.13% | 202.42 | +4.42% | +4.88% | +25.28% | +52.31% | 89 |
| TTAN Servicetitan Inc Cl A | 0.13% | 72.59 | -0.47% | +8.20% | +29.60% | -31.84% | 92 |
| DLB Dolby Laboratories | 0.12% | 58.74 | +0.50% | -0.25% | -6.20% | -7.46% | 20 |
| SOUN Soundhound AI Inc Cl A | 0.12% | 5.39 | -2.36% | -7.71% | -14.17% | -45.94% | 8 |
| BILL Bill Holdings Inc | 0.12% | 44.83 | -0.33% | +2.77% | -5.88% | -17.80% | 21 |
| RNG Ringcentral Inc | 0.12% | 79.27 | +1.17% | +1.26% | +14.82% | +175.39% | 70 |
| LIF Life360 Inc | 0.12% | 43.72 | +4.39% | +1.44% | +5.20% | -31.84% | 50 |
| PEGA Pegasystems Inc | 0.12% | 35.65 | +0.45% | +5.07% | -0.20% | -40.23% | 35 |
| TDC Teradata Corp | 0.11% | 30.59 | +0.99% | +1.49% | +11.81% | +0.49% | 65 |
| TENB Tenable Holdings Inc | 0.11% | 41.59 | +6.61% | +12.86% | +29.85% | +76.75% | 93 |
| ADEA Adeia Inc | 0.11% | 23.89 | -0.91% | -7.19% | -9.18% | +39.04% | 14 |
| QTWO Q2 Holdings Inc | 0.11% | 58.60 | -0.15% | +3.94% | -2.87% | -18.79% | 25 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.10% | 7.02 | +6.85% | +7.01% | +2.48% | -11.70% | 45 |
| WK Workiva Llc | 0.10% | 73.25 | -0.60% | +2.84% | +2.69% | -15.07% | 45 |
| RAMP Liveramp Holdings Inc | 0.09% | 37.56 | -0.03% | -0.24% | -0.50% | +27.89% | 34 |
| BRZE Braze Inc Cl A | 0.08% | 29.06 | +2.11% | +14.32% | +19.76% | -15.25% | 81 |
| ALRM Alarm.com | 0.08% | 55.65 | +0.71% | +1.77% | +0.87% | +9.07% | 39 |
| KVYO Klaviyo Inc Series A | 0.08% | 17.32 | -1.42% | +10.25% | +7.38% | -46.66% | 55 |
| AGYS Agilysys Inc | 0.08% | 105.03 | +2.38% | +5.81% | -0.42% | -11.62% | 35 |
| SPSC Sps Commerce Inc | 0.07% | 84.59 | +1.52% | +2.72% | +9.53% | -5.09% | 61 |
| ATEN A10 Networks Inc | 0.07% | 29.63 | +5.97% | +7.24% | +21.48% | +68.35% | 85 |
| NN Nextnav Inc | 0.07% | 12.35 | +6.47% | -11.66% | -16.72% | -25.78% | 5 |
| FRSH Freshworks Inc Cl A | 0.07% | 13.92 | +2.05% | +8.92% | +17.27% | +13.63% | 75 |
| FIVN Five9 Inc | 0.06% | 36.40 | +3.56% | +5.94% | +20.33% | +81.55% | 84 |
| NCNO Ncino Inc | 0.06% | 19.73 | +0.25% | +5.62% | -7.93% | -23.05% | 15 |
| AVPT Avepoint Inc Cl A | 0.05% | 14.63 | +1.53% | +3.98% | +14.48% | +5.33% | 69 |
| BL Blackline Inc | 0.05% | 29.77 | +1.78% | +8.61% | +3.55% | -46.16% | 47 |
| ALKT Alkami Technology Inc | 0.05% | 14.29 | -0.28% | +2.88% | -25.03% | -38.06% | 1 |
| PRGS Progress Software | 0.04% | 39.33 | +2.74% | +6.59% | -3.15% | -8.45% | 25 |
| AI C3.Ai Inc Cl A | 0.04% | 11.53 | +1.68% | +4.72% | +10.12% | -14.47% | 62 |
| INTA Intapp Inc | 0.04% | 39.61 | +2.48% | +8.55% | +4.13% | -13.55% | 48 |
| BLKB Blackbaud Inc | 0.04% | 45.48 | +1.43% | +8.91% | +2.85% | -28.17% | 46 |
| LSPD Lightspeed Commerce Inc | 0.04% | 10.64 | +2.21% | +8.35% | +9.02% | -11.92% | 60 |
| VERX Vertex Inc Cl A | 0.04% | 12.95 | +1.41% | +7.83% | +5.54% | -35.15% | 51 |
| VYX NCR Voyix Corporation | 0.03% | 7.15 | +3.62% | +6.72% | -11.40% | -29.90% | 12 |
| APPN Appian Corp Cl A | 0.03% | 40.10 | +3.72% | +9.32% | +17.70% | +13.21% | 78 |
| PD Pagerduty Inc | 0.02% | 16.16 | +2.28% | +5.35% | +17.53% | +23.26% | 75 |
| CXM Sprinklr Inc Cl A | 0.02% | 5.52 | +1.85% | +6.15% | +1.47% | -29.05% | 40 |
| ASAN Asana Inc Cl A | 0.02% | 10.07 | +2.03% | +16.82% | +17.64% | -26.55% | 76 |
| PAR Par Technology Corp | 0.02% | 15.51 | +0.52% | +8.84% | -11.98% | -57.25% | 10 |
| RPD Rapid7 Inc | 0.02% | 13.74 | +6.02% | +12.72% | +30.86% | -9.61% | 94 |
| NABL N-Able Inc | 0.01% | 4.63 | +2.89% | +9.46% | +19.95% | -38.10% | 82 |
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
IGV dispersion — data Q&A
Is IGV's move broad or carried by a few names (21 sessions)?
As of 2026-10-09: over 21 sessions the fund returned +11.33% while its median constituent returned +5.00% — a dispersion of 15.11 pp; 35% of 110 members beat the fund. Broad advance - breadth is rising with price.
How did IGV's members trade in the last session?
As of 2026-10-09: fund +2.81%, median member +1.53%, 85 advancers vs 23 decliners.
What does the dispersion page for IGV 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. 110 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.