Constituent dispersion · breadth vs the index
IXP — Global Communications
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 | -0.64% | +0.35 | +4pp | +3.30pp | Improving |
| 1 month | -1.45% | -2.14 | -7pp | -1.29pp | Confirming ↓ |
| 1 quarter | +0.03% | -0.49 | -15pp | +0.25pp | Weakening |
Over the last 126 sessions: price down -2.46%, breadth down (-3.95/name) · % beating 54→27 · median−ETF +0.18pp→-3.48pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.71% | +0.10% | -0.61pp | 20 / 15 | 11 / 26 | 19 of 37 | ±1.58% |
| 5d | -0.64% | -1.17% | -0.53pp | 15 / 22 | 17 / 20 | 8 of 37 | ±4.01% |
| 21d | -1.45% | -4.93% | -3.48pp | 8 / 29 | 11 / 26 | 2 of 37 | ±9.38% |
| YTD | -2.53% | -7.44% | -4.91pp | 13 / 24 | 14 / 23 | 0 of 37 | ±19.01% |
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)
- META+3.38%+0.5pp
- VZ+2.71%+0.11pp
- T+1.40%+0.06pp
- TMUS+2.21%+0.05pp
- GOOGL+0.30%+0.04pp
- TTWO-2.16%-0.02pp
- SATS-4.14%-0.02pp
- VOD-1.09%-0.01pp
- TKO-2.56%-0.01pp
- TEF.MC-1.01%0pp
This month (21d)
- META+14.74%+2.17pp
- GOOGL+4.20%+0.56pp
- GOOG+4.03%+0.42pp
- WBD+9.56%+0.17pp
- DIS+1.82%+0.08pp
- VZ-15.47%-0.65pp
- T-13.70%-0.56pp
- CMCSA-17.94%-0.43pp
- TMUS-16.71%-0.4pp
- NFLX-8.77%-0.37pp
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)
- META+14.74%
- WBD+9.56%
- GOOGL+4.20%
- GOOG+4.03%
- TEL+2.51%
- CHTR-29.70%
- SATS-26.16%
- BCE-18.27%
- CMCSA-17.94%
- TTD-16.74%
IXP — constituent leadership race
$100 in each covered IXP 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 — 37 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| META META Platforms Inc | 14.74% | 742.96 | +3.38% | +0.14% | +14.74% | +12.65% | 97 |
| GOOGL Alphabet Cl A | 13.27% | 352.72 | +0.30% | +1.80% | +4.20% | +12.77% | 92 |
| GOOG Alphabet Cl C | 10.54% | 348.97 | +0.32% | +1.49% | +4.03% | +11.29% | 89 |
| DIS Walt Disney Company | 4.53% | 108.49 | +0.41% | +4.71% | +1.82% | -4.64% | 78 |
| VZ Verizon Communications | 4.21% | 42.78 | +2.71% | -5.25% | -15.47% | +8.46% | 16 |
| NFLX Netflix Inc | 4.18% | 70.61 | +0.44% | +4.61% | -8.77% | -24.69% | 35 |
| T AT&T Inc | 4.12% | 22.49 | +1.40% | -6.17% | -13.70% | -7.44% | 19 |
| DTE Dte Energy Company | 3.06% | 128.05 | +0.91% | +2.41% | -2.53% | +0.06% | 65 |
| TMUS T-Mobile US | 2.38% | 151.87 | +2.21% | -7.76% | -16.71% | -24.84% | 14 |
| CMCSA Comcast Corp A | 2.37% | 20.68 | +0.10% | -2.64% | -17.94% | -24.44% | 8 |
| WBD Discovery Inc Series A | 1.77% | 30.95 | +0.00% | +0.32% | +9.56% | +7.39% | 95 |
| EA Electronic Arts Inc | 1.20% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 84 |
| TTWO Take-Two Interactive | 1.09% | 208.82 | -2.16% | +2.63% | -3.09% | -18.44% | 62 |
| ORA Ormat Technologies | 1.03% | 91.69 | +3.12% | +0.44% | -3.37% | -16.74% | 59 |
| VOD Vodafone Grp Plc ADR | 0.78% | 15.39 | -1.09% | -8.34% | -11.55% | +18.68% | 32 |
| LYV Live Nation Entertainment | 0.69% | 169.64 | -0.41% | -0.60% | -0.30% | +19.05% | 73 |
| UMG.AS UNIVERSAL MUSIC GROUP NV | 0.65% | 14.91 | +0.07% | +5.26% | +2.09% | -32.02% | 81 |
| OMC Omnicom Group Inc | 0.61% | 77.07 | +0.77% | +2.42% | -1.45% | -3.61% | 68 |
| BCE BCE Inc | 0.60% | 18.86 | +0.43% | -4.46% | -18.27% | -18.76% | 5 |
| SCMN.SW SWISSCOM AG | 0.58% | 626.00 | -0.48% | -2.34% | -3.91% | +13.00% | 57 |
| KPN.AS KONINKLIJKE KPN NV | 0.54% | 3.88 | -0.08% | -2.34% | -4.93% | -0.15% | 49 |
| T AT&T Inc | 0.51% | 22.49 | +1.40% | -6.17% | -13.70% | -7.44% | 19 |
| CLNX.MC CELLNEX TELECOM | 0.51% | 24.60 | +2.89% | +8.71% | -4.17% | -9.07% | 54 |
| TEF.MC Telefonica S.A. ADR | 0.49% | 3.22 | -1.01% | -6.04% | -11.88% | -7.84% | 30 |
| SATS Echostar Corp | 0.46% | 92.03 | -4.14% | -8.74% | -26.16% | -15.34% | 3 |
| CHTR Charter Communications | 0.34% | 102.48 | -0.87% | -4.91% | -29.70% | -50.91% | 0 |
| FOXA Fox Corp Cl A | 0.34% | 62.59 | +0.29% | -1.17% | -5.08% | -13.92% | 43 |
| TKO Tko Group Holdings Cl A | 0.33% | 173.45 | -2.56% | -2.03% | -8.49% | -16.68% | 38 |
| TELIA.ST TELIA COMPANY | 0.33% | 43.21 | -0.44% | -1.91% | -4.99% | +12.18% | 46 |
| TEL Te Connectivity Ltd | 0.28% | 217.28 | -0.46% | -0.75% | +2.51% | -3.83% | 86 |
| NWSA News Corp Cl A | 0.26% | 29.38 | +0.89% | +1.49% | -0.20% | +12.95% | 76 |
| TTD Trade Desk Inc | 0.25% | 11.94 | -1.16% | -0.33% | -16.74% | -68.55% | 11 |
| FOX Fox Corp Cl B | 0.21% | 55.98 | +0.16% | -1.27% | -4.23% | -13.32% | 51 |
| ELISA.HE ELISA | 0.18% | 34.62 | -0.23% | -3.89% | -5.98% | -6.94% | 41 |
| CAR Avis Budget Group | 0.18% | 105.10 | -0.83% | -2.67% | -13.67% | -18.10% | 24 |
| NWS News Corp Cl B | 0.10% | 32.38 | +1.16% | +1.19% | -1.01% | +9.68% | 70 |
| PSKY Paramount Skydance Corp Cl B | 0.08% | 9.53 | -2.51% | -4.60% | -12.25% | -28.51% | 27 |
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
IXP dispersion — data Q&A
Is IXP's move broad or carried by a few names (21 sessions)?
As of 2026-10-13: over 21 sessions the fund returned -1.45% while its median constituent returned -4.93% — a dispersion of 9.38 pp; 30% of 37 members beat the fund. Broad decline - breadth is falling with price.
How did IXP's members trade in the last session?
As of 2026-10-13: fund +0.71%, median member +0.10%, 20 advancers vs 15 decliners.
What does the dispersion page for IXP 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. 37 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.