Constituent dispersion · breadth vs the index
IXG — Global Financials
Concentration 26.6% in top 5 42.37 effective names · HHI 236
RS vs S&P 500 21d -6.66pp sector return − SPY
RS vs Nasdaq-100 21d -9.07pp sector return − QQQ
Broad decline - breadth is falling with price. Last 21 sessions — price -4.6% · A/D -258 (-1.95/name)
IXG price
Cumulative advance / decline of constituents — rises when more names are up than down; turns before price at inflections
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 | +0.82% | +0.79 | +4pp | +0.46pp | Improving |
| 1 month | -4.60% | -1.95 | +6pp | +0.44pp | Confirming ↓ |
| 1 quarter | -1.64% | -0.55 | -8pp | -0.71pp | Confirming ↓ |
Over the last 126 sessions: price up +5.31%, breadth up (+3.64/name) · % beating 43→48 · median−ETF -1.78pp→-0.33pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.39% | +0.59% | +0.20pp | 107 / 23 | 88 / 44 | 108 of 132 | ±0.95% |
| 5d | +0.82% | +0.72% | -0.10pp | 77 / 53 | 63 / 69 | 37 of 132 | ±2.78% |
| 21d | -4.60% | -4.91% | -0.31pp | 33 / 99 | 64 / 68 | 13 of 132 | ±6.19% |
| YTD | +6.02% | +3.59% | -2.43pp | 81 / 51 | 60 / 72 | 3 of 132 | ±24.84% |
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)
- HSBA.LSE+2.34%+0.05pp
- V+0.99%+0.04pp
- MA+1.01%+0.03pp
- C+1.76%+0.03pp
- BRK-B+0.38%+0.02pp
- CME-1.18%-0.01pp
- NN-4.70%-0.01pp
- CBOE-2.23%-0.01pp
- WFC-0.28%0pp
- GS-0.15%0pp
This month (21d)
- V+5.08%+0.19pp
- MA+4.55%+0.13pp
- BRK-B+1.42%+0.09pp
- NU+9.51%+0.03pp
- LSEG.LSE+6.34%+0.02pp
- JPM-6.16%-0.35pp
- BAC-12.94%-0.3pp
- GS-13.14%-0.27pp
- MS-11.36%-0.19pp
- HSBA.LSE-8.00%-0.17pp
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)
- ASX+20.42%
- BBD+18.89%
- FDS+11.15%
- NU+9.51%
- LSEG.LSE+6.34%
- NN-22.46%
- BG-14.86%
- GLE-14.12%
- GS-13.14%
- BNP.XETRA-13.08%
IXG — constituent leadership race
$100 in each covered IXG constituent at 2025-12-30, rebased to 100. Watch leadership change hands.
0%
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 — 132 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| BRK-B BERKSHIRE HATHAWAY INC CLASS B | 6.04% | 517.60 | +0.38% | +2.65% | +1.42% | +2.97% | 83 |
| JPM JP Morgan Chase & Company | 5.61% | 334.30 | +0.39% | +1.08% | -6.16% | +4.75% | 42 |
| V Visa Inc | 3.82% | 389.27 | +0.99% | +5.29% | +5.08% | +11.22% | 94 |
| MA Mastercard Inc | 2.79% | 595.09 | +1.01% | +5.56% | +4.55% | +4.58% | 92 |
| BAC Bank of America Corp | 2.35% | 54.58 | +0.48% | +1.07% | -12.94% | -0.20% | 4 |
| HSBA.LSE HSBC HOLDINGS PLC | 2.15% | 1428.40 | +2.34% | -2.10% | -8.00% | +25.70% | 27 |
| GS Goldman Sachs Group | 2.04% | 893.95 | -0.15% | +0.05% | -13.14% | +2.24% | 2 |
| MS Morgan Stanley | 1.65% | 190.02 | +0.00% | -0.09% | -11.36% | +8.20% | 7 |
| WFC Wells Fargo & Company | 1.61% | 83.32 | -0.28% | +2.31% | -7.72% | -10.16% | 30 |
| C Citigroup Inc | 1.50% | 131.92 | +1.76% | +2.62% | -4.97% | +14.18% | 48 |
| SAN Banco Santander ADR | 1.22% | 71.60 | +0.11% | +2.30% | -2.27% | -8.60% | 66 |
| ALV Allianz SE | 1.17% | 110.45 | +0.63% | -1.45% | -8.82% | -4.84% | 20 |
| AXP American Express Company | 1.14% | 311.53 | +1.09% | +2.79% | -4.05% | -15.34% | 52 |
| BLK Blackrock Inc | 1.05% | 1083.92 | +0.14% | +1.64% | +0.40% | +1.83% | 78 |
| SCHW The Charles Schwab Corp | 1.04% | 97.06 | +0.37% | -0.92% | -9.50% | -2.52% | 14 |
| UBSG.SW UBS GROUP AG | 0.98% | 40.01 | +0.28% | -0.05% | -10.21% | +9.63% | 11 |
| BBVA Banco Bilbao Viscaya Argentaria S.A. ADR | 0.88% | 26.19 | +0.27% | -2.78% | -11.37% | +15.86% | 6 |
| SPGI S&P Global Inc | 0.88% | 412.19 | +1.07% | +5.44% | +0.36% | -20.76% | 77 |
| CB Chubb Ltd | 0.82% | 345.06 | +1.13% | +4.41% | +2.01% | +10.88% | 85 |
| COF Capital One Financial Corp | 0.80% | 201.14 | +0.94% | +3.07% | -3.44% | -16.33% | 56 |
| PGR Progressive Corp | 0.80% | 220.28 | +1.31% | +3.60% | +1.22% | +2.93% | 83 |
| ZURN.SW ZURICH INSURANCE GROUP AG | 0.77% | 578.80 | +0.49% | +0.84% | -1.60% | +1.52% | 68 |
| CME CME Group | 0.72% | 277.24 | -1.18% | +2.67% | +0.62% | +3.95% | 80 |
| BNP.XETRA BNP PARIBAS SA | 0.70% | 90.12 | +0.13% | -2.63% | -13.08% | +14.19% | 3 |
| BN Brookfield Corp | 0.69% | 37.05 | -0.11% | +0.60% | -2.88% | -18.99% | 61 |
| BNY Bank of New York Mellon Corp | 0.66% | 142.85 | +0.10% | -0.63% | -12.18% | +24.09% | 5 |
| BX Blackstone Inc | 0.61% | 114.78 | +0.43% | +2.80% | -10.68% | -23.97% | 8 |
| PNC PNC Bank | 0.61% | 221.26 | +0.94% | +0.44% | -9.41% | +7.64% | 16 |
| ICE Intercontinental Exchange | 0.59% | 157.42 | +0.79% | +3.46% | +0.35% | -2.49% | 76 |
| USB U.S. Bancorp | 0.58% | 57.42 | +0.60% | +0.26% | -8.63% | +8.72% | 21 |
| INGA.AS ING GROEP NV | 0.57% | 30.04 | +1.37% | -3.22% | -6.40% | +29.77% | 39 |
| BARC.LSE BARCLAYS PLC | 0.56% | 437.60 | +1.85% | -2.04% | -11.37% | -6.99% | 5 |
| MRSH Marsh & Mclennan Companies | 0.55% | 176.54 | +0.44% | +3.59% | -0.21% | -3.87% | 74 |
| LLOY.LSE LLOYDS BANKING GROUP PLC | 0.54% | 104.00 | +2.36% | +0.00% | -6.43% | +8.44% | 39 |
| INVE-B.ST INVESTOR CLASS B | 0.50% | 413.10 | +0.25% | +2.30% | +2.62% | +26.38% | 86 |
| AON AON Plc | 0.48% | 274.78 | +0.48% | +1.00% | -9.22% | -21.76% | 19 |
| MCO Moody's Corp | 0.47% | 470.50 | +1.35% | +4.99% | -0.94% | -7.48% | 72 |
| TRV The Travelers Companies | 0.46% | 371.68 | +0.79% | +3.04% | -0.94% | +28.61% | 71 |
| KKR KKR & Company LP | 0.45% | 91.51 | +0.62% | +1.72% | -9.47% | -27.94% | 15 |
| NWG Natwest Group Plc ADR | 0.43% | 653.60 | +1.71% | -1.48% | -6.33% | +4.42% | 41 |
| APO Apollo Asset Management | 0.42% | 119.22 | +0.48% | +3.36% | -7.57% | -16.96% | 32 |
| TFC Truist Financial Corp | 0.41% | 46.64 | +1.15% | +0.67% | -7.46% | -3.25% | 33 |
| HOOD Robinhood Markets Inc Cl A | 0.41% | 109.22 | +0.18% | -4.29% | -2.98% | -3.43% | 60 |
| LSEG.LSE LONDON STOCK EXCHANGE GROUP PLC | 0.39% | 8760.00 | +0.76% | +6.31% | +6.34% | -1.04% | 96 |
| ALL Allstate Corp | 0.38% | 232.60 | +1.38% | +3.51% | -8.32% | +12.90% | 24 |
| AFL Aflac Inc | 0.38% | 115.89 | +1.18% | +3.12% | +0.53% | +6.20% | 79 |
| GLE Global Engine Group Holding Limited | 0.37% | 64.17 | +1.79% | -2.76% | -14.12% | -5.30% | 2 |
| AJG Arthur J. Gallagher & Company | 0.37% | 233.92 | +0.52% | +2.94% | -2.66% | -9.03% | 62 |
| NU Nu Holdings Ltd Cl A | 0.34% | 16.01 | -0.68% | +5.47% | +9.51% | -4.36% | 97 |
| CABK.MC CAIXABANK SA | 0.34% | 11.95 | +0.84% | -2.21% | -10.45% | +17.54% | 10 |
| STAN.LSE STANDARD CHARTERED PLC | 0.33% | 2159.00 | +1.89% | -3.87% | -6.05% | +21.23% | 43 |
| G Genpact Ltd | 0.32% | 34.35 | -0.15% | +2.48% | -2.25% | -26.21% | 67 |
| MET Metlife Inc | 0.32% | 100.17 | +1.87% | +3.40% | +3.12% | +28.78% | 89 |
| SREN.SW SWISS RE AG | 0.32% | 144.95 | +0.66% | +2.51% | +5.92% | +14.47% | 95 |
| FITB Fifth Third Bancorp | 0.30% | 50.82 | +0.36% | +0.04% | -7.13% | +9.55% | 36 |
| STT State Street Corp | 0.29% | 174.93 | -0.02% | -0.82% | -9.55% | +37.39% | 13 |
| COIN Coinbase Global Cl A | 0.29% | 180.39 | +0.56% | -4.16% | +2.93% | -20.23% | 88 |
| MSCI MSCI Inc | 0.29% | 568.01 | +0.51% | +2.84% | +2.42% | -0.25% | 86 |
| AIG American International Group | 0.29% | 77.70 | +0.86% | +3.43% | +3.83% | -8.64% | 90 |
| AMP Ameriprise Financial Services | 0.29% | 500.02 | -0.10% | +1.03% | -10.33% | +2.65% | 11 |
| PYPL Paypal Holdings | 0.28% | 56.05 | +0.94% | +3.01% | +4.34% | -3.70% | 91 |
| NDAQ Nasdaq Inc | 0.28% | 94.29 | +0.68% | +2.28% | +3.40% | -2.62% | 89 |
| PRU Prudential Financial Inc | 0.27% | 113.39 | +0.27% | -0.08% | -4.91% | +3.22% | 49 |
| HIG The Hartford Insurance Group | 0.26% | 130.19 | +0.84% | +3.15% | -4.52% | -4.67% | 52 |
| XYZ Block Inc | 0.26% | 76.82 | -0.54% | +0.77% | -3.02% | +18.02% | 59 |
| IBKR Interactive Brokers | 0.25% | 87.89 | +0.02% | -1.30% | -3.81% | +36.95% | 55 |
| PRU Prudential Financial Inc | 0.25% | 113.39 | +0.27% | -0.08% | -4.91% | +3.22% | 49 |
| CBOE CBOE Global Markets | 0.25% | 297.38 | -2.23% | +7.18% | +5.81% | +19.02% | 95 |
| ADYEN.AS ADYEN NV | 0.24% | 920.80 | +3.92% | +6.76% | -0.85% | -33.03% | 73 |
| ACGL Arch Capital Grp Ltd | 0.24% | 97.16 | +1.66% | +2.97% | +1.11% | +1.29% | 82 |
| DANSKE.CO DANSKE BANK | 0.23% | 358.50 | +2.17% | -1.83% | -5.16% | +23.50% | 47 |
| SWED-A.ST SWEDBANK | 0.23% | 405.20 | +0.52% | -0.32% | +4.62% | +38.81% | 93 |
| MTB M&T Bank Corp | 0.22% | 219.89 | +1.10% | +0.75% | -8.31% | +10.67% | 25 |
| HBAN Huntington Bancshares | 0.22% | 15.40 | +0.52% | +0.72% | -7.76% | -10.34% | 28 |
| KBC.BR KBC GROEP | 0.22% | 121.85 | +0.00% | -2.32% | -7.65% | +13.71% | 31 |
| NTRS Northern Trust Corp | 0.21% | 169.21 | +0.59% | -0.86% | -10.56% | +25.15% | 9 |
| SLHN.SW SWISS LIFE HOLDING AG | 0.21% | 890.80 | +0.81% | -0.85% | -2.41% | +1.37% | 65 |
| III Information Svcs Group | 0.21% | 2398.00 | -0.17% | -0.58% | -9.54% | -26.51% | 14 |
| SEB-A.ST SKANDINAVISKA ENSKILDA BANKEN | 0.20% | 228.90 | +0.39% | -1.59% | +0.39% | +23.19% | 77 |
| FISV Fiserv Inc | 0.20% | 46.05 | +0.92% | -0.20% | -10.72% | -31.44% | 8 |
| SAMPO.HE SAMPO CLASS A | 0.18% | 8.87 | +0.59% | +0.20% | -5.86% | -10.71% | 44 |
| CFG Citizens Financial Group | 0.18% | 63.90 | +0.52% | -0.64% | -9.34% | +10.96% | 17 |
| RJF Raymond James Financial | 0.18% | 158.65 | +0.17% | -1.34% | -8.54% | -0.50% | 22 |
| CINF Cincinnati Financial | 0.18% | 165.55 | +1.32% | +2.10% | -2.50% | +1.96% | 64 |
| ARES Ares Management LP | 0.18% | 118.15 | +0.79% | +0.87% | -9.30% | -25.91% | 18 |
| AV.LSE AVIVA PLC | 0.17% | 687.40 | +1.54% | +1.51% | -2.80% | +4.84% | 61 |
| A5G.IR AIB GROUP PLC | 0.17% | 10.88 | +1.68% | -3.72% | -6.61% | +24.42% | 38 |
| SYF Synchrony Financial | 0.17% | 73.62 | +1.13% | +2.42% | -3.12% | -11.04% | 58 |
| WTW Willis Towers Watson Public | 0.17% | 298.43 | +0.73% | +3.58% | -5.44% | -8.88% | 46 |
| PGHN.SW PARTNERS GROUP HOLDING AG | 0.17% | 597.60 | +0.50% | -1.26% | -7.66% | -35.89% | 30 |
| CPAY Corpay Inc | 0.17% | 397.67 | -0.06% | -1.01% | -2.58% | +32.15% | 63 |
| RF Regions Financial Corp | 0.16% | 27.37 | +1.26% | +1.11% | -9.16% | +2.94% | 20 |
| NN Nextnav Inc | 0.16% | 11.77 | -4.70% | -11.64% | -22.46% | -29.27% | 0 |
| BAP Credicorp Ltd | 0.16% | 381.87 | +0.17% | +1.01% | +1.05% | +39.48% | 81 |
| TROW T Rowe Price Group | 0.16% | 103.99 | -1.11% | +0.06% | -0.95% | +3.09% | 70 |
| SHB-A.ST SVENSKA HANDELSBANKEN-A SHS | 0.15% | 152.10 | +0.60% | -0.94% | +0.83% | +29.65% | 80 |
| FIS Fidelity National Information Services | 0.15% | 34.26 | +0.65% | +2.03% | -10.17% | -48.01% | 12 |
| ABN.AS ABN AMRO BANK NV | 0.15% | 40.75 | +0.74% | -3.78% | -6.36% | +41.60% | 40 |
| ACA Arcosa Inc | 0.15% | 147.27 | +0.06% | +0.35% | +1.57% | +38.69% | 84 |
| PFG Principal Financial Group | 0.14% | 107.84 | +0.56% | -2.87% | -7.17% | +24.34% | 35 |
| HBAN Huntington Bancshares | 0.14% | 15.40 | +0.52% | +0.72% | -7.76% | -10.34% | 28 |
| WRB W.R. Berkley Corp | 0.14% | 72.90 | +1.38% | +4.49% | +4.44% | +5.04% | 92 |
| KEY Keycorp | 0.14% | 20.09 | +0.60% | -0.45% | -8.01% | -0.73% | 27 |
| BBD Banco Bradesco S.A. ADR | 0.13% | 4.28 | -0.47% | -1.15% | +18.89% | +34.37% | 98 |
| BIRG.LSE BANK OF IRELAND GROUP PLC | 0.13% | 17.66 | -1.78% | -2.75% | +2.67% | +10.92% | 87 |
| BAM Brookfield Asset Management Ltd | 0.13% | 45.83 | -0.11% | +2.46% | -3.03% | -9.83% | 58 |
| L Loews Corp | 0.13% | 107.78 | +1.02% | +2.00% | -0.93% | +2.46% | 73 |
| BAER Bridger Aerospace Group Holdings Inc | 0.12% | 71.76 | +1.30% | -2.61% | -3.83% | +20.01% | 54 |
| GPN Global Payments Inc | 0.12% | 82.06 | -0.17% | -0.15% | -7.06% | +6.37% | 37 |
| BRO Brown & Brown | 0.12% | 63.65 | +1.22% | +4.46% | -3.84% | -19.72% | 53 |
| EG Everest Re Group | 0.10% | 372.53 | +1.13% | +1.56% | +0.22% | +10.46% | 75 |
| IAG Iamgold Corp | 0.09% | 18.57 | -1.22% | +0.70% | -8.34% | +12.61% | 23 |
| SUN Sunoco LP | 0.09% | 75.60 | +2.63% | +1.16% | -0.97% | +50.81% | 70 |
| BG Bunge Ltd | 0.09% | 104.22 | +1.45% | -2.89% | -14.86% | +18.38% | 1 |
| AIZ Assurant Inc | 0.09% | 268.63 | +0.80% | +0.83% | -4.90% | +11.99% | 51 |
| GL Globe Life Inc | 0.09% | 165.12 | +0.58% | -0.48% | -3.53% | +18.57% | 55 |
| IVZ Invesco Limited | 0.08% | 29.26 | -0.85% | -4.07% | -9.36% | +13.16% | 17 |
| ASRNL.AS ASR NEDERLAND NV | 0.08% | 72.12 | +0.90% | -0.06% | -1.82% | +22.89% | 67 |
| ADM Archer Daniels Midland | 0.08% | 80.42 | +0.66% | -2.49% | -7.26% | +41.87% | 34 |
| EQT Eqt Corp | 0.08% | 53.22 | +0.74% | +4.11% | -1.57% | -0.15% | 69 |
| JKHY Jack Henry & Assoc | 0.07% | 149.63 | +0.21% | +3.11% | -7.13% | -17.33% | 36 |
| BEN Franklin Resources | 0.06% | 31.81 | -0.59% | -3.25% | -5.47% | +35.10% | 45 |
| MNG.LSE M&G PLC | 0.06% | 307.40 | +1.02% | -1.98% | -7.52% | +12.47% | 33 |
| INDU-C.ST INDUSTRIVARDEN SERIES | 0.06% | 503.60 | +0.52% | -2.14% | -4.95% | +23.55% | 48 |
| SDLF.LSE STANDARD LIFE PLC | 0.06% | 858.00 | +1.12% | -1.15% | -6.33% | +21.05% | 42 |
| ASX Ase Industrial Holding Ltd ADR | 0.06% | 47.53 | +2.37% | +0.00% | +20.42% | +195.22% | 99 |
| FDS Factset Research Systems | 0.06% | 288.67 | +0.52% | +4.42% | +11.15% | +0.48% | 98 |
| TRYG.CO TRYG | 0.05% | 148.00 | +1.13% | +4.07% | -3.33% | -8.74% | 57 |
| EXO.AS EXOR NV | 0.05% | 69.50 | -0.43% | +2.21% | -2.46% | -3.37% | 64 |
| INDU-A.ST INDUSTRIVARDEN A | 0.05% | 505.50 | +0.20% | -2.98% | -5.78% | +23.89% | 45 |
| ERIE Erie Indemnity Company | 0.04% | 225.06 | +1.36% | +1.63% | -8.15% | -20.62% | 26 |
| BSAC Banco Santander Chile ADR | 0.03% | 32.19 | -0.09% | -1.56% | -8.53% | +8.61% | 23 |
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
IXG dispersion — data Q&A
Is IXG's move broad or carried by a few names (21 sessions)?
As of 2026-10-13: over 21 sessions the fund returned -4.60% while its median constituent returned -4.91% — a dispersion of 6.19 pp; 48% of 132 members beat the fund. Broad decline - breadth is falling with price.
How did IXG's members trade in the last session?
As of 2026-10-13: fund +0.39%, median member +0.59%, 107 advancers vs 23 decliners.
What does the dispersion page for IXG 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. 132 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.