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 -2.71pp sector return − SPY
RS vs Nasdaq-100 21d -3.79pp sector return − QQQ
Broad advance - breadth is rising with price. Last 21 sessions — price +1.02% · A/D +171 (+1.38/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 | +0.83% | +0.77 | +8pp | +1.54pp | Improving |
| 1 month | +1.02% | +1.38 | +14pp | +2.10pp | Confirming ↑ |
| 1 quarter | +10.33% | +6.42 | +10pp | +1.79pp | Confirming ↑ |
Over the last 126 sessions: price up +13.61%, breadth up (+7.59/name) · % beating 58→54 · median−ETF +1.50pp→+0.56pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.43% | +0.36% | -0.06pp | 81 / 43 | 58 / 66 | 83 of 124 | ±1.8% |
| 5d | +0.83% | +0.97% | +0.14pp | 87 / 37 | 65 / 59 | 53 of 124 | ±2.56% |
| 21d | +1.02% | +1.75% | +0.73pp | 77 / 47 | 67 / 57 | 17 of 124 | ±5.74% |
| YTD | +11.39% | +9.14% | -2.25pp | 93 / 31 | 57 / 67 | 7 of 124 | ±20.29% |
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)
- JPM+0.96%+0.05pp
- BAC+1.88%+0.04pp
- HSBA.LSE+1.62%+0.03pp
- WFC+2.02%+0.03pp
- SCHW+1.95%+0.02pp
- PYPL-12.71%-0.04pp
- HOOD-5.01%-0.02pp
- COIN-6.33%-0.02pp
- GS-0.66%-0.01pp
- NU-3.90%-0.01pp
This month (21d)
- V+4.19%+0.16pp
- JPM+1.93%+0.11pp
- MA+3.11%+0.09pp
- HOOD+20.39%+0.08pp
- BX+12.32%+0.08pp
- HSBA.LSE-3.69%-0.08pp
- BRK-B-0.92%-0.06pp
- BNP.XETRA-5.88%-0.04pp
- GLE-10.79%-0.04pp
- BN-5.77%-0.04pp
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)
- ADYEN.AS+23.18%
- HOOD+20.39%
- FDS+17.47%
- ARES+14.83%
- NN+14.46%
- GLE-10.79%
- FIS-9.91%
- AFL-8.51%
- PYPL-6.92%
- TROW-6.74%
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 — 124 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| BRK-B BERKSHIRE HATHAWAY INC CLASS B | 6.04% | 505.00 | +0.26% | +1.85% | -0.92% | +0.47% | 33 |
| JPM JP Morgan Chase & Company | 5.61% | 357.62 | +0.96% | +1.72% | +1.93% | +12.06% | 50 |
| V Visa Inc | 3.82% | 381.60 | +0.51% | +2.85% | +4.19% | +9.03% | 67 |
| MA Mastercard Inc | 2.79% | 595.30 | +0.60% | +2.53% | +3.11% | +4.61% | 63 |
| BAC Bank of America Corp | 2.35% | 62.32 | +1.88% | +1.02% | +0.96% | +13.95% | 45 |
| HSBA.LSE HSBC HOLDINGS PLC | 2.15% | 1528.40 | +1.62% | +0.66% | -3.69% | +34.50% | 9 |
| GS Goldman Sachs Group | 2.04% | 1033.99 | -0.66% | -0.51% | +0.89% | +18.25% | 44 |
| MS Morgan Stanley | 1.65% | 214.77 | -0.04% | +0.27% | +2.81% | +22.30% | 60 |
| WFC Wells Fargo & Company | 1.61% | 86.69 | +2.02% | +3.40% | +2.06% | -6.53% | 52 |
| C Citigroup Inc | 1.50% | 132.90 | +0.17% | +0.95% | +0.95% | +15.03% | 44 |
| SAN Banco Santander ADR | 1.22% | 77.25 | -0.04% | -2.14% | +6.16% | -1.39% | 81 |
| AXP American Express Company | 1.14% | 333.20 | -0.29% | -0.83% | -1.28% | -9.45% | 30 |
| BLK Blackrock Inc | 1.05% | 1164.48 | -0.26% | +0.69% | +6.02% | +9.40% | 81 |
| SCHW The Charles Schwab Corp | 1.04% | 110.16 | +1.95% | -1.91% | +5.59% | +10.63% | 77 |
| UBSG.SW UBS GROUP AG | 0.98% | 44.53 | +1.67% | +4.78% | +4.48% | +22.01% | 70 |
| SPGI S&P Global Inc | 0.88% | 442.89 | +1.72% | +2.92% | +6.72% | -14.86% | 83 |
| CB Chubb Ltd | 0.82% | 339.92 | +0.48% | -0.31% | -2.92% | +9.23% | 15 |
| COF Capital One Financial Corp | 0.80% | 215.67 | -0.46% | -1.03% | +2.63% | -10.29% | 58 |
| PGR Progressive Corp | 0.80% | 218.64 | +0.45% | -0.29% | +2.51% | +2.16% | 57 |
| ZURN.SW ZURICH INSURANCE GROUP AG | 0.77% | 593.80 | +0.51% | +1.33% | -3.42% | +4.15% | 11 |
| CME CME Group | 0.72% | 285.80 | +1.73% | +3.93% | +6.95% | +7.16% | 85 |
| BNP.XETRA BNP PARIBAS SA | 0.70% | 102.46 | +1.81% | -4.76% | -5.88% | +29.83% | 5 |
| BN Brookfield Corp | 0.69% | 64.40 | -0.46% | -2.90% | -5.77% | -13.13% | 6 |
| BNY Bank of New York Mellon Corp | 0.66% | 162.50 | +0.16% | +2.53% | +4.11% | +41.16% | 66 |
| BX Blackstone Inc | 0.61% | 142.39 | -0.87% | -0.69% | +12.32% | -5.68% | 95 |
| PNC PNC Bank | 0.61% | 242.22 | -0.53% | -0.37% | -2.61% | +17.83% | 18 |
| ICE Intercontinental Exchange | 0.59% | 162.33 | +0.68% | +0.67% | +3.88% | +0.55% | 65 |
| USB U.S. Bancorp | 0.58% | 62.47 | +0.11% | +0.68% | -0.68% | +18.28% | 35 |
| INGA.AS ING GROEP NV | 0.57% | 30.46 | +1.11% | +2.11% | +2.15% | +31.61% | 52 |
| BARC.LSE BARCLAYS PLC | 0.56% | 496.65 | +0.82% | +0.82% | -1.69% | +5.57% | 24 |
| MRSH Marsh & Mclennan Companies | 0.55% | 192.64 | +1.39% | +0.33% | +0.59% | +4.90% | 41 |
| LLOY.LSE LLOYDS BANKING GROUP PLC | 0.54% | 109.95 | +0.59% | -1.17% | -3.63% | +14.65% | 10 |
| INVE-B.ST INVESTOR CLASS B | 0.50% | 417.20 | +0.55% | +0.99% | +2.28% | +27.63% | 53 |
| AON AON Plc | 0.48% | 355.40 | +1.67% | +0.08% | -2.83% | +1.20% | 16 |
| MCO Moody's Corp | 0.47% | 514.95 | +1.16% | +2.31% | +6.78% | +1.26% | 84 |
| TRV The Travelers Companies | 0.46% | 369.90 | +0.15% | +1.74% | -1.62% | +27.99% | 27 |
| KKR KKR & Company LP | 0.45% | 108.68 | -0.59% | +0.18% | +7.63% | -14.42% | 86 |
| NWG Natwest Group Plc ADR | 0.43% | 679.40 | +0.15% | -0.64% | -0.64% | +8.54% | 37 |
| APO Apollo Asset Management | 0.42% | 135.04 | +1.20% | +1.77% | +12.30% | -5.94% | 94 |
| TFC Truist Financial Corp | 0.41% | 50.43 | +0.26% | +0.02% | -3.04% | +4.61% | 15 |
| HOOD Robinhood Markets Inc Cl A | 0.41% | 104.26 | -5.01% | -3.58% | +20.39% | -7.82% | 98 |
| LSEG.LSE LONDON STOCK EXCHANGE GROUP PLC | 0.39% | 9000.00 | +0.22% | +4.63% | +4.58% | +1.67% | 72 |
| ALL Allstate Corp | 0.38% | 260.58 | +1.15% | +2.66% | -1.81% | +26.48% | 23 |
| AFL Aflac Inc | 0.38% | 116.52 | -0.05% | +0.39% | -8.51% | +6.78% | 2 |
| GLE Global Engine Group Holding Limited | 0.37% | 72.35 | +1.86% | -4.95% | -10.79% | +6.77% | 0 |
| AJG Arthur J. Gallagher & Company | 0.37% | 267.56 | +2.85% | +1.42% | +4.33% | +4.05% | 68 |
| NU Nu Holdings Ltd Cl A | 0.34% | 14.30 | -3.90% | -1.92% | -1.31% | -14.58% | 29 |
| CABK.MC CAIXABANK SA | 0.34% | 13.15 | +0.38% | +1.31% | +5.37% | +29.34% | 77 |
| STAN.LSE STANDARD CHARTERED PLC | 0.33% | 2177.00 | +1.40% | +0.69% | -1.08% | +22.24% | 31 |
| G Genpact Ltd | 0.32% | 38.02 | +1.31% | +2.37% | +7.61% | -18.33% | 85 |
| MET Metlife Inc | 0.32% | 96.51 | +0.27% | +2.30% | +0.04% | +24.08% | 38 |
| SREN.SW SWISS RE AG | 0.32% | 141.15 | +0.86% | +1.33% | +4.94% | +11.47% | 74 |
| FITB Fifth Third Bancorp | 0.30% | 54.54 | -0.57% | -0.51% | -3.62% | +17.57% | 10 |
| STT State Street Corp | 0.29% | 193.33 | -0.02% | +3.31% | +5.75% | +51.85% | 79 |
| COIN Coinbase Global Cl A | 0.29% | 178.64 | -6.33% | -4.21% | +9.21% | -21.00% | 90 |
| MSCI MSCI Inc | 0.29% | 570.76 | +0.28% | +1.29% | -0.86% | +0.24% | 34 |
| AIG American International Group | 0.29% | 76.93 | +0.39% | +1.06% | -2.48% | -9.55% | 19 |
| AMP Ameriprise Financial Services | 0.29% | 559.32 | +0.64% | +0.67% | +3.05% | +14.82% | 62 |
| PYPL Paypal Holdings | 0.28% | 53.66 | -12.71% | -12.82% | -6.92% | -7.81% | 2 |
| NDAQ Nasdaq Inc | 0.28% | 99.31 | -0.04% | +1.11% | +4.36% | +2.57% | 69 |
| PRU Prudential Financial Inc | 0.27% | 119.79 | -0.48% | +0.02% | -2.43% | +9.05% | 19 |
| HIG The Hartford Insurance Group | 0.26% | 138.55 | +0.54% | +1.80% | -3.15% | +1.45% | 12 |
| XYZ Block Inc | 0.26% | 83.57 | -1.51% | +1.72% | +1.19% | +28.39% | 48 |
| IBKR Interactive Brokers | 0.25% | 95.84 | -0.74% | +2.10% | +5.92% | +49.34% | 80 |
| PRU Prudential Financial Inc | 0.25% | 119.79 | -0.48% | +0.02% | -2.43% | +9.05% | 19 |
| CBOE CBOE Global Markets | 0.25% | 310.45 | -1.11% | +3.23% | +4.70% | +24.25% | 73 |
| ADYEN.AS ADYEN NV | 0.24% | 1090.40 | +1.00% | +1.53% | +23.18% | -20.70% | 99 |
| ACGL Arch Capital Grp Ltd | 0.24% | 98.84 | +0.08% | -0.55% | -2.27% | +3.04% | 21 |
| DANSKE.CO DANSKE BANK | 0.23% | 371.90 | +0.79% | +1.09% | +0.16% | +28.11% | 39 |
| SWED-A.ST SWEDBANK | 0.23% | 376.10 | +0.78% | +0.67% | -0.74% | +28.84% | 35 |
| MTB M&T Bank Corp | 0.22% | 237.29 | -0.58% | -1.27% | -3.93% | +19.42% | 8 |
| HBAN Huntington Bancshares | 0.22% | 16.92 | +0.36% | -0.65% | -0.94% | -1.49% | 31 |
| KBC.BR KBC GROEP | 0.22% | 132.40 | +0.57% | +1.26% | +7.64% | +23.55% | 87 |
| NTRS Northern Trust Corp | 0.21% | 186.79 | +0.28% | +1.57% | +2.35% | +38.16% | 55 |
| SLHN.SW SWISS LIFE HOLDING AG | 0.21% | 921.40 | +0.39% | +1.34% | -3.11% | +4.85% | 13 |
| III Information Svcs Group | 0.21% | 2828.00 | -0.21% | -2.18% | -0.67% | -13.33% | 36 |
| SEB-A.ST SKANDINAVISKA ENSKILDA BANKEN | 0.20% | 223.60 | +0.90% | +1.91% | +0.86% | +20.34% | 43 |
| FISV Fiserv Inc | 0.20% | 53.18 | +1.14% | +1.14% | -1.65% | -20.83% | 26 |
| SAMPO.HE SAMPO CLASS A | 0.18% | 9.85 | +0.49% | +1.38% | +2.39% | -0.84% | 56 |
| CFG Citizens Financial Group | 0.18% | 69.71 | -0.67% | -0.21% | -2.82% | +21.05% | 17 |
| RJF Raymond James Financial | 0.18% | 179.36 | +1.85% | +2.37% | +2.51% | +12.48% | 56 |
| CINF Cincinnati Financial | 0.18% | 171.97 | -0.32% | +2.19% | -1.58% | +5.92% | 27 |
| ARES Ares Management LP | 0.18% | 142.53 | +0.08% | +0.91% | +14.83% | -10.62% | 97 |
| AV.LSE AVIVA PLC | 0.17% | 730.40 | +1.16% | +1.84% | +4.97% | +11.39% | 76 |
| A5G.IR AIB GROUP PLC | 0.17% | 10.83 | +0.32% | -1.59% | +4.94% | +23.84% | 75 |
| SYF Synchrony Financial | 0.17% | 78.05 | -2.35% | -1.79% | +1.58% | -5.69% | 49 |
| WTW Willis Towers Watson Public | 0.17% | 343.75 | +1.23% | +0.51% | +2.29% | +4.96% | 54 |
| PGHN.SW PARTNERS GROUP HOLDING AG | 0.17% | 749.40 | -0.32% | +4.69% | +11.58% | -19.61% | 93 |
| CPAY Corpay Inc | 0.17% | 407.88 | +1.04% | -2.22% | +4.55% | +35.54% | 71 |
| RF Regions Financial Corp | 0.16% | 30.33 | -0.23% | -0.26% | -1.69% | +14.07% | 25 |
| NN Nextnav Inc | 0.16% | 15.36 | -2.23% | -12.48% | +14.46% | -7.69% | 96 |
| TROW T Rowe Price Group | 0.16% | 111.24 | -1.00% | -0.24% | -6.74% | +10.27% | 3 |
| SHB-A.ST SVENSKA HANDELSBANKEN-A SHS | 0.15% | 148.20 | +0.68% | +0.85% | +2.81% | +26.32% | 61 |
| FIS Fidelity National Information Services | 0.15% | 41.44 | +2.19% | +0.24% | -9.91% | -37.11% | 1 |
| ABN.AS ABN AMRO BANK NV | 0.15% | 41.68 | +2.01% | +3.22% | +8.23% | +44.83% | 88 |
| ACA Arcosa Inc | 0.15% | 18.44 | +1.01% | -3.30% | -1.84% | +12.35% | 23 |
| PFG Principal Financial Group | 0.14% | 111.41 | -0.68% | +0.60% | -2.23% | +28.45% | 22 |
| HBAN Huntington Bancshares | 0.14% | 16.92 | +0.36% | -0.65% | -0.94% | -1.49% | 31 |
| WRB W.R. Berkley Corp | 0.14% | 68.44 | +0.15% | -0.23% | -6.73% | -1.39% | 4 |
| KEY Keycorp | 0.14% | 21.91 | -0.50% | +0.18% | -3.10% | +8.27% | 14 |
| BIRG.LSE BANK OF IRELAND GROUP PLC | 0.13% | 17.66 | -1.78% | -2.75% | +2.67% | +10.92% | 59 |
| L Loews Corp | 0.13% | 109.72 | -0.09% | -0.10% | -5.71% | +4.31% | 6 |
| BAER Bridger Aerospace Group Holdings Inc | 0.12% | 76.06 | +0.74% | +2.12% | +6.71% | +27.20% | 82 |
| GPN Global Payments Inc | 0.12% | 91.82 | -0.99% | -1.79% | +5.73% | +19.02% | 78 |
| BRO Brown & Brown | 0.12% | 73.31 | +2.69% | +0.53% | +3.44% | -7.54% | 64 |
| EG Everest Re Group | 0.10% | 377.61 | -0.01% | +2.04% | +0.60% | +11.97% | 42 |
| BG Bunge Ltd | 0.09% | 115.48 | +3.50% | +2.10% | +9.91% | +31.17% | 90 |
| AIZ Assurant Inc | 0.09% | 285.65 | +0.08% | +0.57% | +1.13% | +19.08% | 46 |
| GL Globe Life Inc | 0.09% | 172.79 | -1.70% | +1.00% | -5.57% | +24.08% | 7 |
| IVZ Invesco Limited | 0.08% | 32.86 | -1.35% | +2.62% | +11.69% | +27.08% | 94 |
| ASRNL.AS ASR NEDERLAND NV | 0.08% | 72.40 | +2.32% | +6.32% | +2.72% | +23.37% | 60 |
| ADM Archer Daniels Midland | 0.08% | 81.54 | +3.08% | +1.54% | +1.15% | +43.84% | 47 |
| EQT Eqt Corp | 0.08% | 54.57 | -0.37% | +1.58% | +3.85% | +2.38% | 65 |
| JKHY Jack Henry & Assoc | 0.07% | 169.73 | +0.05% | +2.12% | +10.04% | -6.23% | 91 |
| BEN Franklin Resources | 0.06% | 34.65 | -0.49% | +0.99% | +4.46% | +47.16% | 69 |
| MNG.LSE M&G PLC | 0.06% | 351.00 | +0.66% | +1.30% | -1.40% | +28.42% | 28 |
| INDU-C.ST INDUSTRIVARDEN SERIES | 0.06% | 542.80 | +0.52% | +2.80% | +0.41% | +33.17% | 40 |
| SDLF.LSE STANDARD LIFE PLC | 0.06% | 940.00 | +1.13% | +2.12% | +2.01% | +32.62% | 51 |
| ASX Ase Industrial Holding Ltd ADR | 0.06% | 37.78 | -2.88% | +3.48% | +8.66% | +134.66% | 89 |
| FDS Factset Research Systems | 0.06% | 308.98 | +1.48% | +3.02% | +17.47% | +7.55% | 98 |
| TRYG.CO TRYG | 0.05% | 156.30 | +0.77% | +1.76% | +1.17% | -3.62% | 48 |
| EXO.AS EXOR NV | 0.05% | 72.90 | +1.60% | +2.39% | +4.59% | +1.36% | 73 |
| INDU-A.ST INDUSTRIVARDEN A | 0.05% | 548.00 | +0.83% | +3.10% | +0.46% | +34.30% | 40 |
| ERIE Erie Indemnity Company | 0.04% | 260.40 | +0.37% | -1.68% | +11.44% | -8.16% | 92 |
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 2026-08-28: over 21 sessions the fund returned +1.02% while its median constituent returned +1.75% — a dispersion of 5.74 pp; 54% of 124 members beat the fund. Broad advance - breadth is rising with price.
How did IXG's members trade in the last session?
As of 2026-08-28: fund +0.43%, median member +0.36%, 81 advancers vs 43 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. 124 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.