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 | +1.42% | +0.45 | +10pp | +1.76pp | Confirming ↑ |
| 1 month | +9.61% | +0.14 | -10pp | -4.56pp | Confirming ↑ |
| 1 quarter | +18.85% | +0.58 | -22pp | -11.02pp | Confirming ↑ |
Over the last 126 sessions: price up +40.03%, breadth up (+5.38/name) · % beating 46→39 · median−ETF -0.67pp→-4.76pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -1.23% | -0.71% | +0.53pp | 40 / 66 | 69 / 41 | 41 of 110 | ±2.62% |
| 5d | +1.42% | +1.40% | -0.02pp | 73 / 36 | 55 / 55 | 24 of 110 | ±6.14% |
| 21d | +9.61% | +3.97% | -5.65pp | 71 / 39 | 42 / 68 | 8 of 110 | ±15.69% |
| YTD | +5.31% | -2.07% | -7.38pp | 55 / 55 | 44 / 66 | 4 of 110 | ±43.63% |
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+4.59%+0.42pp
- CRM+2.09%+0.13pp
- FICO+10.85%+0.12pp
- MSFT+1.14%+0.09pp
- INTU+1.07%+0.03pp
- PANW-3.57%-0.27pp
- CRWD-4.37%-0.27pp
- APP-2.23%-0.11pp
- ADBE-1.70%-0.06pp
- DDOG-2.04%-0.05pp
This month (21d)
- PLTR+24.98%+1.79pp
- PANW+22.13%+1.66pp
- CRWD+27.22%+1.65pp
- SNPS+26.46%+0.94pp
- DDOG+29.87%+0.79pp
- APP-16.39%-0.79pp
- ORCL-7.55%-0.69pp
- CRM-5.40%-0.33pp
- FICO-24.90%-0.27pp
- ADBE-5.59%-0.21pp
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+48.64%
- RBRK+38.50%
- ZS+37.22%
- TENB+35.40%
- TTAN+32.19%
- ALKT-31.30%
- FICO-24.90%
- CLSK-24.65%
- RIOT-23.29%
- CIFR-22.85%
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 | +4.59% | -0.26% | -7.55% | -27.01% | 18 |
| MSFT Microsoft Corp | 8.19% | 541.15 | +1.14% | +3.04% | +9.18% | +12.15% | 61 |
| PANW Palo Alto Networks | 7.49% | 403.83 | -3.57% | -0.72% | +22.13% | +119.23% | 86 |
| PLTR Palantir Technologies Cl A | 7.18% | 209.00 | -0.02% | +10.35% | +24.98% | +17.58% | 88 |
| CRWD Crowdstrike Holdings | 6.06% | 263.01 | -4.37% | -3.54% | +27.22% | +124.43% | 91 |
| CRM Salesforce Inc | 6.05% | 233.92 | +2.09% | +1.80% | -5.40% | -11.48% | 24 |
| APP Applovin Corp Cl A | 4.82% | 270.87 | -2.23% | -3.94% | -16.39% | -59.80% | 10 |
| ADBE Adobe Systems Inc | 3.71% | 238.14 | -1.70% | -0.27% | -5.59% | -31.96% | 22 |
| CDNS Cadence Design Sys | 3.62% | 348.42 | -1.25% | -1.43% | +20.41% | +11.47% | 85 |
| NOW Servicenow Inc | 3.61% | 140.32 | -0.38% | +3.12% | +5.88% | -8.40% | 54 |
| SNPS Synopsys Inc | 3.57% | 502.51 | -1.47% | +2.87% | +26.46% | +6.98% | 90 |
| FTNT Fortinet Inc | 3.03% | 192.94 | -0.93% | +4.78% | +23.62% | +142.97% | 87 |
| INTU Intuit Inc | 2.92% | 305.99 | +1.07% | +7.99% | -4.84% | -53.58% | 25 |
| DDOG Datadog Inc Cl A | 2.65% | 287.29 | -2.04% | +3.93% | +29.87% | +111.26% | 93 |
| MSTR Strategy Inc | 1.92% | 152.68 | -1.08% | -7.15% | +16.58% | +0.48% | 79 |
| ADSK Autodesk Inc | 1.89% | 233.54 | -0.77% | +5.41% | +9.95% | -21.10% | 62 |
| EA Electronic Arts Inc | 1.69% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 44 |
| TTWO Take-Two Interactive | 1.54% | 208.82 | -2.16% | +2.63% | -3.09% | -18.44% | 29 |
| ROP Roper Industries | 1.28% | 367.32 | +0.89% | +1.08% | -5.46% | -17.10% | 23 |
| FICO Fair Isaac and Company | 1.08% | 740.00 | +10.85% | +7.31% | -24.90% | -56.23% | 1 |
| WDAY Workday Inc | 0.96% | 188.25 | +0.89% | -0.38% | +1.37% | -12.35% | 41 |
| ZM Zoom Communications Inc | 0.95% | 97.94 | +0.20% | +4.61% | +2.48% | +13.50% | 45 |
| ZS Zscaler Inc | 0.65% | 225.78 | -3.40% | +11.88% | +37.22% | +0.38% | 97 |
| PTC Ptc Inc | 0.64% | 194.39 | -0.03% | +1.11% | +48.64% | +11.58% | 99 |
| TEAM Atlassian Corp | 0.52% | 207.75 | +0.46% | +5.64% | +15.61% | +28.13% | 76 |
| GEN Gen Digital Inc | 0.51% | 23.35 | +0.43% | +4.80% | -22.84% | -13.20% | 5 |
| TRMB Trimble Navigation | 0.49% | 59.49 | -1.00% | +1.16% | +3.17% | -24.07% | 48 |
| TYL Tyler Technologies | 0.49% | 339.94 | +3.15% | +3.54% | +0.97% | -25.12% | 38 |
| NTNX Nutanix Inc | 0.45% | 74.14 | -0.66% | +0.99% | +12.47% | +43.43% | 69 |
| DT Dynatrace Inc | 0.43% | 65.25 | +2.76% | +8.37% | +27.77% | +50.55% | 92 |
| GWRE Guidewire Software Inc | 0.43% | 164.74 | -1.54% | +0.93% | +16.90% | -18.04% | 81 |
| IOT Samsara Inc Cl A | 0.40% | 41.62 | +0.17% | -1.82% | +8.44% | +17.40% | 59 |
| HUBS Hubspot Inc | 0.39% | 223.37 | -2.16% | +1.25% | -0.87% | -44.34% | 34 |
| HUT Hut 8 Corp | 0.38% | 85.24 | +1.15% | -4.51% | -13.55% | +85.55% | 13 |
| RBRK Rubrik Inc Cl A | 0.37% | 120.01 | -4.10% | -2.18% | +38.50% | +56.92% | 98 |
| DOCU Docusign Inc | 0.36% | 70.97 | -0.15% | +1.34% | +8.10% | +3.76% | 57 |
| QBTS D-Wave Quantum Inc | 0.35% | 13.74 | -5.70% | -12.15% | -18.21% | -47.46% | 9 |
| BMNR Bitmine Immersion Technologies | 0.33% | 23.83 | -0.83% | -11.05% | -4.79% | -12.23% | 25 |
| AUR Aurora Innovation Inc Cl A | 0.33% | 5.66 | -2.92% | -1.57% | -11.98% | +47.40% | 15 |
| U Unity Software Inc | 0.33% | 46.68 | -0.43% | +2.19% | +6.19% | +5.68% | 55 |
| WULF Terawulf Inc | 0.32% | 13.63 | -1.02% | -7.84% | -18.58% | +18.62% | 8 |
| MANH Manhattan Assoc | 0.30% | 217.89 | +6.34% | +6.06% | +7.96% | +25.72% | 56 |
| RIOT Riot Platforms Inc | 0.29% | 16.47 | -2.46% | -14.75% | -23.29% | +29.99% | 3 |
| CORZ Core Scientific Inc | 0.29% | 15.02 | -2.53% | -9.52% | -16.28% | +3.16% | 11 |
| CWAN Clearwater Analytics Holdings Inc Cl A | 0.26% | 24.56 | +0.00% | +0.00% | +0.74% | +1.82% | 36 |
| IDCC Interdigital Inc | 0.25% | 328.14 | -0.96% | -2.97% | -6.28% | +3.53% | 21 |
| CIFR Cipher Digital Inc | 0.23% | 13.00 | -3.85% | -16.02% | -22.85% | -11.92% | 4 |
| SNAP Snap Inc | 0.23% | 6.53 | +4.82% | +16.40% | +14.96% | -19.08% | 74 |
| CRCL Circle Internet Group Inc Cl A | 0.23% | 83.87 | -0.76% | +0.68% | -7.43% | +5.76% | 19 |
| DSGX Descartes Sys Group | 0.23% | 83.67 | +1.03% | +3.72% | +10.03% | -4.55% | 63 |
| S Sentinelone Inc Cl A | 0.22% | 25.66 | -2.32% | +0.90% | +29.92% | +71.07% | 94 |
| OTEX Open Text Corp | 0.22% | 24.18 | +2.03% | +7.47% | +4.86% | -24.10% | 51 |
| PCOR Procore Technologies Inc | 0.21% | 56.22 | +0.02% | +3.77% | +5.56% | -22.71% | 53 |
| YOU Clear Secure Inc Cl A | 0.20% | 42.46 | -2.23% | +2.93% | +0.54% | +21.77% | 35 |
| MARA Mara Holdings Inc | 0.19% | 9.44 | -2.18% | -15.49% | -21.20% | +5.12% | 6 |
| ESTC Elastic N.V. | 0.18% | 95.52 | -2.76% | +0.64% | +14.55% | +26.62% | 73 |
| BSY Bentley Systems Inc Cl B | 0.18% | 35.15 | +0.51% | +1.15% | +13.50% | -7.56% | 72 |
| DBX Dropbox Inc | 0.18% | 34.87 | +1.48% | +1.45% | -1.94% | +25.43% | 33 |
| CVLT Commvault Systems | 0.17% | 155.37 | -1.20% | +1.07% | +19.45% | +23.94% | 84 |
| PATH Uipath Inc Cl A | 0.17% | 13.32 | -1.19% | +1.22% | -3.13% | -18.73% | 28 |
| ACIW Aci Worldwide Inc | 0.16% | 51.06 | +0.37% | -0.31% | -1.98% | +6.80% | 32 |
| CLSK Cleanspark Inc | 0.15% | 10.30 | -1.86% | -17.47% | -24.65% | +1.78% | 2 |
| APPF Appfolio Cl A | 0.15% | 199.01 | -1.58% | -2.57% | -4.54% | -14.46% | 26 |
| ZETA Zeta Global Holdings Corp Cl A | 0.14% | 33.51 | +1.27% | +1.92% | +11.03% | +64.67% | 67 |
| GTLB Gitlab Inc Cl A | 0.13% | 56.01 | +1.67% | +8.76% | +19.20% | +49.24% | 83 |
| BOX Box Inc | 0.13% | 36.71 | +0.88% | +3.88% | +8.77% | +22.73% | 60 |
| BB Blackberry Ltd | 0.13% | 8.45 | -5.16% | -6.94% | +10.17% | +122.96% | 65 |
| VRNS Varonis Systems Inc | 0.13% | 46.37 | -7.48% | -3.70% | +2.77% | +41.37% | 46 |
| QLYS Qualys Inc | 0.13% | 196.77 | -2.79% | -0.96% | +30.94% | +48.06% | 95 |
| TTAN Servicetitan Inc Cl A | 0.13% | 72.28 | -0.43% | +0.17% | +32.19% | -32.13% | 95 |
| DLB Dolby Laboratories | 0.12% | 58.07 | -1.14% | -2.17% | -9.94% | -8.51% | 16 |
| SOUN Soundhound AI Inc Cl A | 0.12% | 4.97 | -7.79% | -15.48% | -20.61% | -50.15% | 7 |
| BILL Bill Holdings Inc | 0.12% | 44.17 | -1.47% | -0.72% | -6.52% | -19.01% | 20 |
| RNG Ringcentral Inc | 0.12% | 78.17 | -1.39% | -1.13% | +13.42% | +171.57% | 71 |
| LIF Life360 Inc | 0.12% | 43.83 | +0.25% | +2.96% | +2.69% | -31.67% | 45 |
| PEGA Pegasystems Inc | 0.12% | 34.91 | -2.08% | +1.10% | -3.67% | -41.47% | 27 |
| TDC Teradata Corp | 0.11% | 30.68 | +0.29% | +2.57% | +10.20% | +0.79% | 66 |
| TENB Tenable Holdings Inc | 0.11% | 40.77 | -1.97% | +5.87% | +35.40% | +73.27% | 96 |
| ADEA Adeia Inc | 0.11% | 23.21 | -2.87% | -10.97% | -13.10% | +35.09% | 14 |
| QTWO Q2 Holdings Inc | 0.11% | 59.20 | +1.02% | +1.70% | -2.78% | -17.96% | 30 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.10% | 7.59 | +8.12% | +15.35% | +10.16% | -4.53% | 65 |
| WK Workiva Llc | 0.10% | 73.04 | -0.29% | +1.61% | +1.64% | -15.32% | 42 |
| RAMP Liveramp Holdings Inc | 0.09% | 37.51 | -0.13% | -0.53% | -0.24% | +27.72% | 35 |
| BRZE Braze Inc Cl A | 0.08% | 29.06 | +0.00% | +9.21% | +21.39% | -15.25% | 85 |
| ALRM Alarm.com | 0.08% | 55.93 | +0.50% | -0.55% | +1.03% | +9.62% | 39 |
| KVYO Klaviyo Inc Series A | 0.08% | 17.11 | -1.21% | +2.46% | +4.58% | -47.31% | 50 |
| AGYS Agilysys Inc | 0.08% | 105.71 | +0.65% | +6.24% | +1.17% | -11.05% | 40 |
| SPSC Sps Commerce Inc | 0.07% | 84.60 | +0.01% | +5.15% | +2.32% | -5.08% | 43 |
| ATEN A10 Networks Inc | 0.07% | 28.72 | -3.07% | +1.88% | +16.09% | +63.18% | 77 |
| NN Nextnav Inc | 0.07% | 11.77 | -4.70% | -11.64% | -22.46% | -29.27% | 5 |
| FRSH Freshworks Inc Cl A | 0.07% | 13.92 | +0.00% | +5.30% | +17.07% | +13.63% | 82 |
| FIVN Five9 Inc | 0.06% | 35.67 | -2.01% | +3.78% | +16.34% | +77.91% | 78 |
| NCNO Ncino Inc | 0.06% | 19.54 | -0.96% | +1.35% | -8.05% | -23.79% | 17 |
| AVPT Avepoint Inc Cl A | 0.05% | 14.57 | -0.41% | -0.61% | +15.09% | +4.90% | 75 |
| BL Blackline Inc | 0.05% | 29.30 | -1.58% | +4.16% | +3.35% | -47.01% | 49 |
| ALKT Alkami Technology Inc | 0.05% | 14.09 | -1.40% | -0.42% | -31.30% | -38.93% | 0 |
| PRGS Progress Software | 0.04% | 38.99 | -0.86% | +4.76% | -2.33% | -9.24% | 31 |
| AI C3.Ai Inc Cl A | 0.04% | 11.61 | +0.69% | +4.69% | +10.15% | -13.87% | 64 |
| INTA Intapp Inc | 0.04% | 39.64 | +0.08% | +6.05% | +6.47% | -13.49% | 55 |
| BLKB Blackbaud Inc | 0.04% | 46.75 | +2.79% | +7.94% | +2.79% | -26.17% | 47 |
| LSPD Lightspeed Commerce Inc | 0.04% | 10.77 | +1.22% | +5.48% | +8.35% | -10.84% | 58 |
| VERX Vertex Inc Cl A | 0.04% | 12.90 | -0.39% | +5.05% | +5.22% | -35.40% | 52 |
| VYX NCR Voyix Corporation | 0.03% | 7.17 | +0.28% | +4.82% | -16.14% | -29.71% | 12 |
| APPN Appian Corp Cl A | 0.03% | 38.93 | -2.92% | +1.88% | +12.00% | +9.91% | 68 |
| PD Pagerduty Inc | 0.02% | 16.24 | +0.50% | +4.17% | +15.26% | +23.87% | 75 |
| CXM Sprinklr Inc Cl A | 0.02% | 5.53 | +0.18% | +5.74% | +0.91% | -28.92% | 37 |
| ASAN Asana Inc Cl A | 0.02% | 9.89 | -1.79% | +8.21% | +12.77% | -27.86% | 70 |
| PAR Par Technology Corp | 0.02% | 15.83 | +2.06% | +8.28% | -12.06% | -56.37% | 15 |
| RPD Rapid7 Inc | 0.02% | 12.93 | -5.90% | +4.61% | +25.41% | -14.93% | 89 |
| NABL N-Able Inc | 0.01% | 4.51 | -2.59% | +1.12% | +16.84% | -39.71% | 80 |
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 2026-10-13: over 21 sessions the fund returned +9.61% while its median constituent returned +3.97% — a dispersion of 15.69 pp; 38% 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 2026-10-13: fund -1.23%, median member -0.71%, 40 advancers vs 66 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.