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 | +5.93% | +0.25 | -21pp | -7.35pp | Confirming ↑ |
| 1 month | +17.35% | +2.59 | -21pp | -9.29pp | Confirming ↑ |
| 1 quarter | +7.73% | +1.65 | +7pp | +5.79pp | Confirming ↑ |
Over the last 126 sessions: price up +32.33%, breadth up (+6.17/name) · % beating 53→41 · median−ETF +1.23pp→-2.64pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.74% | -0.53% | +0.22pp | 44 / 64 | 59 / 51 | 41 of 110 | ±4% |
| 5d | +5.93% | +3.53% | -2.40pp | 82 / 27 | 32 / 78 | 14 of 110 | ±5.98% |
| 21d | +17.35% | +14.28% | -3.07pp | 89 / 21 | 44 / 66 | 9 of 110 | ±19.39% |
| YTD | +3.62% | +0.64% | -2.99pp | 56 / 54 | 49 / 61 | 3 of 110 | ±34.81% |
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)
- NOW+4.54%+0.16pp
- MSFT+1.68%+0.14pp
- CRM+1.57%+0.09pp
- INTU+2.89%+0.08pp
- APP+1.64%+0.08pp
- CRWD-4.19%-0.25pp
- PANW-2.94%-0.22pp
- SNPS-4.79%-0.17pp
- MSTR-7.34%-0.14pp
- FTNT-3.92%-0.12pp
This month (21d)
- PLTR+52.37%+3.76pp
- CRM+41.66%+2.52pp
- ORCL+18.26%+1.68pp
- NOW+31.47%+1.14pp
- MSFT+13.84%+1.13pp
- APP-21.32%-1.03pp
- DDOG-11.76%-0.31pp
- HUT-26.65%-0.1pp
- CIFR-33.04%-0.08pp
- TTWO-4.87%-0.07pp
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)
- TEAM+95.54%
- APPN+60.54%
- ESTC+55.50%
- PLTR+52.37%
- PATH+46.73%
- CIFR-33.04%
- HUT-26.65%
- CORZ-24.30%
- YOU-22.58%
- LIF-21.89%
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% | 150.85 | -0.72% | +2.99% | +18.26% | -22.13% | 64 |
| MSFT Microsoft Corp | 8.19% | 513.53 | +1.68% | +6.27% | +13.84% | +6.43% | 48 |
| PANW Palo Alto Networks | 7.49% | 371.59 | -2.94% | +3.83% | +14.10% | +101.73% | 49 |
| PLTR Palantir Technologies Cl A | 7.18% | 186.29 | +0.19% | +3.53% | +52.37% | +4.80% | 96 |
| CRWD Crowdstrike Holdings | 6.06% | 218.40 | -4.19% | +13.78% | +17.91% | +86.36% | 63 |
| CRM Salesforce Inc | 6.05% | 256.00 | +1.57% | +22.39% | +41.66% | -3.12% | 94 |
| APP Applovin Corp Cl A | 4.82% | 317.76 | +1.64% | +3.92% | -21.32% | -52.84% | 5 |
| ADBE Adobe Systems Inc | 3.71% | 291.52 | +0.82% | +5.89% | +17.60% | -16.71% | 60 |
| CDNS Cadence Design Sys | 3.62% | 340.39 | -2.06% | +6.70% | +2.27% | +8.90% | 22 |
| NOW Servicenow Inc | 3.61% | 144.71 | +4.54% | +12.63% | +31.47% | -5.54% | 82 |
| SNPS Synopsys Inc | 3.57% | 442.61 | -4.79% | +11.24% | +18.88% | -5.77% | 66 |
| FTNT Fortinet Inc | 3.03% | 166.00 | -3.92% | +8.14% | +7.62% | +109.04% | 29 |
| INTU Intuit Inc | 2.92% | 358.06 | +2.89% | -2.44% | +13.49% | -45.68% | 45 |
| DDOG Datadog Inc Cl A | 2.65% | 236.98 | -2.45% | +0.58% | -11.76% | +74.26% | 9 |
| MSTR Strategy Inc | 1.92% | 127.31 | -7.34% | +6.76% | +30.25% | -16.22% | 81 |
| ADSK Autodesk Inc | 1.89% | 260.66 | -3.67% | +2.69% | +10.93% | -11.94% | 39 |
| EA Electronic Arts Inc | 1.69% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 23 |
| TTWO Take-Two Interactive | 1.54% | 235.39 | +1.03% | -1.77% | -4.87% | -8.06% | 15 |
| ROP Roper Industries | 1.28% | 426.20 | +0.83% | +3.50% | +9.49% | -3.81% | 31 |
| FICO Fair Isaac and Company | 1.08% | 1153.57 | -0.30% | -1.63% | +1.23% | -31.77% | 20 |
| WDAY Workday Inc | 0.96% | 204.72 | +5.76% | +2.35% | +29.48% | -4.68% | 77 |
| ZM Zoom Communications Inc | 0.95% | 98.43 | -1.84% | -8.38% | +6.62% | +14.07% | 25 |
| ZS Zscaler Inc | 0.65% | 184.23 | -1.64% | +1.37% | +24.15% | -18.09% | 73 |
| PTC Ptc Inc | 0.64% | 157.15 | -1.13% | +1.60% | +15.30% | -9.79% | 52 |
| TEAM Atlassian Corp | 0.52% | 191.87 | +3.36% | +11.67% | +95.54% | +18.33% | 99 |
| GEN Gen Digital Inc | 0.51% | 31.02 | +1.70% | +7.22% | +13.67% | +15.31% | 47 |
| TRMB Trimble Navigation | 0.49% | 61.01 | -0.86% | +1.26% | +6.92% | -22.13% | 26 |
| TYL Tyler Technologies | 0.49% | 377.94 | +2.18% | +7.76% | +16.90% | -16.74% | 57 |
| NTNX Nutanix Inc | 0.45% | 69.16 | -0.97% | +2.25% | +16.71% | +33.80% | 56 |
| DT Dynatrace Inc | 0.43% | 53.67 | +0.45% | +8.86% | +21.70% | +23.83% | 69 |
| GWRE Guidewire Software Inc | 0.43% | 205.85 | +2.37% | +8.81% | +34.36% | +2.41% | 88 |
| IOT Samsara Inc Cl A | 0.40% | 41.16 | -1.70% | +3.05% | +14.97% | +16.11% | 51 |
| HUBS Hubspot Inc | 0.39% | 260.68 | +1.90% | +8.61% | +11.83% | -35.04% | 42 |
| HUT Hut 8 Corp | 0.38% | 79.42 | -8.85% | -1.78% | -26.65% | +72.88% | 1 |
| RBRK Rubrik Inc Cl A | 0.37% | 93.05 | -13.05% | -7.03% | +29.99% | +21.67% | 79 |
| DOCU Docusign Inc | 0.36% | 64.00 | +0.31% | +3.23% | +17.89% | -6.43% | 62 |
| QBTS D-Wave Quantum Inc | 0.35% | 16.99 | -5.08% | -16.67% | -5.51% | -35.03% | 14 |
| BMNR Bitmine Immersion Technologies | 0.33% | 23.80 | -7.14% | +4.25% | +31.64% | -12.34% | 84 |
| AUR Aurora Innovation Inc Cl A | 0.33% | 5.83 | +2.46% | -6.57% | -6.57% | +51.82% | 12 |
| U Unity Software Inc | 0.33% | 43.31 | -0.41% | -7.71% | +29.90% | -1.95% | 78 |
| WULF Terawulf Inc | 0.32% | 15.35 | -6.91% | -1.85% | -13.86% | +33.59% | 8 |
| MANH Manhattan Assoc | 0.30% | 223.28 | -0.21% | +4.06% | +16.92% | +28.83% | 58 |
| RIOT Riot Platforms Inc | 0.29% | 18.99 | -9.05% | -4.24% | -14.15% | +49.88% | 7 |
| CORZ Core Scientific Inc | 0.29% | 16.51 | -6.30% | -7.30% | -24.30% | +13.39% | 2 |
| CWAN Clearwater Analytics Holdings Inc Cl A | 0.26% | 24.56 | +0.00% | +0.00% | +0.74% | +1.82% | 19 |
| IDCC Interdigital Inc | 0.25% | 335.15 | +0.15% | -2.12% | +10.49% | +5.74% | 37 |
| CIFR Cipher Digital Inc | 0.23% | 15.17 | -9.54% | -3.77% | -33.04% | +2.78% | 0 |
| SNAP Snap Inc | 0.23% | 5.43 | +1.88% | +3.63% | +15.78% | -32.71% | 54 |
| CRCL Circle Internet Group Inc Cl A | 0.23% | 87.14 | -7.53% | -0.95% | +35.65% | +9.89% | 91 |
| DSGX Descartes Sys Group | 0.23% | 81.83 | +1.46% | +4.63% | +9.77% | -6.64% | 34 |
| S Sentinelone Inc Cl A | 0.22% | 21.54 | -5.15% | +1.65% | +17.07% | +43.60% | 59 |
| OTEX Open Text Corp | 0.22% | 25.10 | -0.32% | +1.74% | -1.03% | -21.21% | 17 |
| PCOR Procore Technologies Inc | 0.21% | 63.72 | +0.03% | +0.36% | +18.46% | -12.40% | 65 |
| YOU Clear Secure Inc Cl A | 0.20% | 43.43 | -1.59% | +0.32% | -22.58% | +24.56% | 3 |
| MARA Mara Holdings Inc | 0.19% | 10.67 | -10.11% | -5.24% | -9.73% | +18.82% | 10 |
| ESTC Elastic N.V. | 0.18% | 99.91 | +19.31% | +16.26% | +55.50% | +32.44% | 97 |
| BSY Bentley Systems Inc Cl B | 0.18% | 37.30 | -0.82% | +0.59% | +5.94% | -1.90% | 24 |
| DBX Dropbox Inc | 0.18% | 35.70 | -0.50% | +3.57% | +11.18% | +28.42% | 41 |
| CVLT Commvault Systems | 0.17% | 137.04 | -2.37% | +2.41% | +17.71% | +9.31% | 61 |
| PATH Uipath Inc Cl A | 0.17% | 18.15 | -0.98% | +10.74% | +46.73% | +10.74% | 95 |
| ACIW Aci Worldwide Inc | 0.16% | 53.83 | -0.74% | +3.80% | -6.69% | +12.59% | 11 |
| CLSK Cleanspark Inc | 0.15% | 11.66 | -9.96% | -2.67% | -19.81% | +15.22% | 5 |
| APPF Appfolio Cl A | 0.15% | 234.49 | +1.05% | +4.50% | +33.22% | +0.79% | 86 |
| ZETA Zeta Global Holdings Corp Cl A | 0.14% | 30.54 | +1.06% | +5.06% | +42.91% | +50.07% | 95 |
| GTLB Gitlab Inc Cl A | 0.13% | 44.87 | +0.13% | +7.68% | +33.07% | +19.56% | 85 |
| BOX Box Inc | 0.13% | 34.98 | +0.69% | +6.29% | +12.51% | +16.95% | 43 |
| BB Blackberry Ltd | 0.13% | 8.16 | -5.66% | +1.49% | -3.32% | +115.30% | 16 |
| VRNS Varonis Systems Inc | 0.13% | 43.92 | -1.92% | +6.52% | +9.99% | +33.90% | 35 |
| QLYS Qualys Inc | 0.13% | 187.05 | -0.82% | +2.79% | +31.99% | +40.74% | 85 |
| TTAN Servicetitan Inc Cl A | 0.13% | 99.87 | -0.77% | +5.27% | +25.04% | -6.23% | 74 |
| DLB Dolby Laboratories | 0.12% | 61.50 | -1.46% | -5.78% | +18.77% | -3.11% | 65 |
| SOUN Soundhound AI Inc Cl A | 0.12% | 7.11 | -1.52% | -2.87% | +15.80% | -28.69% | 55 |
| BILL Bill Holdings Inc | 0.12% | 50.31 | +2.95% | +5.21% | +10.84% | -7.76% | 38 |
| RNG Ringcentral Inc | 0.12% | 69.38 | +1.24% | +3.54% | +29.99% | +141.03% | 80 |
| LIF Life360 Inc | 0.12% | 43.49 | -1.74% | -2.62% | -21.89% | -32.20% | 4 |
| PEGA Pegasystems Inc | 0.12% | 36.17 | +0.78% | +7.78% | +20.45% | -39.36% | 67 |
| TDC Teradata Corp | 0.11% | 28.77 | +0.77% | +3.90% | -5.86% | -5.49% | 13 |
| TENB Tenable Holdings Inc | 0.11% | 37.67 | +0.13% | +9.57% | +15.73% | +60.09% | 53 |
| ADEA Adeia Inc | 0.11% | 25.72 | -1.96% | -1.83% | +1.26% | +49.69% | 21 |
| QTWO Q2 Holdings Inc | 0.11% | 65.13 | -0.84% | +1.91% | +10.26% | -9.74% | 36 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.10% | 7.49 | -1.45% | +0.40% | +23.60% | -5.79% | 72 |
| WK Workiva Llc | 0.10% | 79.15 | +2.00% | +5.77% | +35.21% | -8.23% | 89 |
| RAMP Liveramp Holdings Inc | 0.09% | 37.74 | -0.03% | +0.43% | -0.13% | +28.50% | 18 |
| BRZE Braze Inc Cl A | 0.08% | 34.46 | +1.07% | +10.93% | +37.49% | +0.48% | 92 |
| ALRM Alarm.com | 0.08% | 57.47 | -0.23% | -0.07% | +5.99% | +12.64% | 25 |
| KVYO Klaviyo Inc Series A | 0.08% | 20.15 | +2.75% | +9.93% | +9.81% | -37.94% | 35 |
| AGYS Agilysys Inc | 0.08% | 117.88 | -2.17% | +3.59% | +9.50% | -0.81% | 32 |
| SPSC Sps Commerce Inc | 0.07% | 84.92 | +0.86% | +4.72% | +29.00% | -4.72% | 76 |
| ATEN A10 Networks Inc | 0.07% | 25.70 | -4.92% | -1.61% | -14.19% | +46.02% | 6 |
| NN Nextnav Inc | 0.07% | 15.36 | -2.23% | -12.48% | +14.46% | -7.69% | 50 |
| FRSH Freshworks Inc Cl A | 0.07% | 13.86 | +1.24% | +6.78% | +23.09% | +13.14% | 70 |
| FIVN Five9 Inc | 0.06% | 34.05 | -1.50% | +3.97% | +23.10% | +69.83% | 71 |
| NCNO Ncino Inc | 0.06% | 22.99 | -1.42% | +11.49% | +25.08% | -10.34% | 75 |
| AVPT Avepoint Inc Cl A | 0.05% | 14.00 | -2.10% | +4.71% | +9.20% | +0.79% | 30 |
| BL Blackline Inc | 0.05% | 32.98 | -2.19% | +3.61% | +7.57% | -40.35% | 27 |
| ALKT Alkami Technology Inc | 0.05% | 20.22 | -0.64% | -0.79% | +13.53% | -12.35% | 45 |
| PRGS Progress Software | 0.04% | 44.76 | -1.02% | +0.90% | +10.96% | +4.19% | 40 |
| AI C3.Ai Inc Cl A | 0.04% | 10.53 | +1.94% | +2.23% | +16.10% | -21.88% | 55 |
| INTA Intapp Inc | 0.04% | 43.47 | -0.53% | +5.13% | +35.55% | -5.13% | 90 |
| BLKB Blackbaud Inc | 0.04% | 48.62 | +0.10% | +2.31% | +21.31% | -23.22% | 68 |
| LSPD Lightspeed Commerce Inc | 0.04% | 10.60 | -1.76% | -0.09% | +9.73% | -12.25% | 33 |
| VERX Vertex Inc Cl A | 0.04% | 14.23 | -0.52% | +5.61% | +12.90% | -28.77% | 44 |
| VYX NCR Voyix Corporation | 0.03% | 8.78 | -4.36% | +11.00% | +7.60% | -13.92% | 28 |
| APPN Appian Corp Cl A | 0.03% | 42.51 | +2.68% | +10.99% | +60.54% | +20.02% | 98 |
| PD Pagerduty Inc | 0.02% | 13.83 | +9.50% | +12.26% | +33.37% | +5.49% | 87 |
| CXM Sprinklr Inc Cl A | 0.02% | 8.16 | +2.77% | +10.27% | +31.61% | +4.88% | 83 |
| ASAN Asana Inc Cl A | 0.02% | 10.19 | +0.20% | +6.37% | +28.18% | -25.67% | 75 |
| PAR Par Technology Corp | 0.02% | 19.15 | -0.42% | -1.95% | +13.65% | -47.22% | 46 |
| RPD Rapid7 Inc | 0.02% | 13.29 | -1.56% | +12.15% | +40.19% | -12.57% | 93 |
| NABL N-Able Inc | 0.01% | 4.19 | +6.08% | +15.43% | -3.90% | -43.98% | 15 |
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 2026-08-28: over 21 sessions the fund returned +17.35% while its median constituent returned +14.28% — a dispersion of 19.39 pp; 40% 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 2026-08-28: fund -0.74%, median member -0.53%, 44 advancers vs 64 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 Closelook lake.
Is this investment advice?
No — a data surface in an investment research diary. It describes breadth inside a fund; it makes no recommendation.