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 | +1.00% | +0.67 | -9pp | -3.25pp | Improving |
| 1 month | +4.03% | +2.47 | -13pp | -2.68pp | Confirming ↑ |
| 1 quarter | -4.89% | +0.58 | +8pp | +0.85pp | Improving |
Over the last 126 sessions: price down -3.05%, breadth up (+0.42/name) · % beating 64→47 · median−ETF +11.84pp→-0.64pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.07% | +0.77% | -0.31pp | 26 / 9 | 15 / 21 | 20 of 36 | ±1.38% |
| 5d | +1.00% | +0.49% | -0.50pp | 26 / 9 | 10 / 26 | 20 of 36 | ±2.7% |
| 21d | +4.03% | +2.83% | -1.20pp | 23 / 13 | 16 / 20 | 2 of 36 | ±12.5% |
| YTD | -2.98% | +1.28% | +4.25pp | 18 / 18 | 21 / 15 | 2 of 36 | ±17.63% |
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)
- GOOGL+1.74%+0.23pp
- META+1.21%+0.18pp
- GOOG+1.53%+0.16pp
- NFLX+2.35%+0.1pp
- T+2.28%+0.09pp
- SATS-4.14%-0.02pp
- DTE-0.28%-0.01pp
- WBD-0.38%-0.01pp
- CLNX.MC-0.61%0pp
- NWSA-0.71%0pp
This month (21d)
- META+7.23%+1.07pp
- DIS+12.42%+0.56pp
- GOOGL+3.88%+0.51pp
- T+12.06%+0.5pp
- NFLX+11.69%+0.49pp
- UMG.AS-23.26%-0.15pp
- DTE-4.12%-0.13pp
- SATS-26.16%-0.12pp
- ORA-11.01%-0.11pp
- TTD-25.77%-0.06pp
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)
- PSKY+39.31%
- FOX+17.16%
- FOXA+16.32%
- CMCSA+14.32%
- WBD+12.96%
- SATS-26.16%
- TTD-25.77%
- UMG.AS-23.26%
- ORA-11.01%
- CAR-9.13%
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 — 36 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| META META Platforms Inc | 14.74% | 578.02 | +1.21% | +5.11% | +7.23% | -12.36% | 58 |
| GOOGL Alphabet Cl A | 13.27% | 346.59 | +1.74% | +0.51% | +3.88% | +10.81% | 53 |
| GOOG Alphabet Cl C | 10.54% | 342.88 | +1.53% | +0.33% | +2.76% | +9.34% | 47 |
| DIS Walt Disney Company | 4.53% | 108.10 | +1.20% | +0.30% | +12.42% | -4.98% | 83 |
| VZ Verizon Communications | 4.21% | 50.10 | +1.36% | +1.31% | +8.65% | +27.02% | 64 |
| NFLX Netflix Inc | 4.18% | 81.72 | +2.35% | +2.68% | +11.69% | -12.84% | 75 |
| T AT&T Inc | 4.12% | 26.01 | +2.28% | +2.85% | +12.06% | +7.05% | 78 |
| DTE Dte Energy Company | 3.06% | 135.86 | -0.28% | +0.47% | -4.12% | +6.16% | 17 |
| TMUS T-Mobile US | 2.38% | 181.37 | +2.63% | -0.34% | +4.63% | -10.24% | 56 |
| CMCSA Comcast Corp A | 2.37% | 27.06 | +2.46% | +0.78% | +14.32% | -1.13% | 89 |
| WBD Discovery Inc Series A | 1.77% | 28.77 | -0.38% | +0.77% | +12.96% | -0.17% | 86 |
| EA Electronic Arts Inc | 1.20% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 44 |
| TTWO Take-Two Interactive | 1.09% | 235.39 | +1.03% | -1.77% | -4.87% | -8.06% | 14 |
| ORA Ormat Technologies | 1.03% | 15.20 | +0.63% | -4.82% | -11.01% | +7.01% | 8 |
| VOD Vodafone Grp Plc ADR | 0.78% | 118.45 | +1.15% | +1.11% | -0.84% | +21.99% | 33 |
| LYV Live Nation Entertainment | 0.69% | 181.65 | +0.56% | -0.09% | -1.04% | +27.47% | 31 |
| UMG.AS UNIVERSAL MUSIC GROUP NV | 0.65% | 14.85 | -0.03% | +0.81% | -23.26% | -32.29% | 6 |
| OMC Omnicom Group Inc | 0.61% | 88.28 | +0.44% | +0.85% | +10.89% | +10.42% | 72 |
| SCMN.SW SWISSCOM AG | 0.58% | 629.00 | +0.40% | +0.00% | +0.24% | +13.54% | 36 |
| KPN.AS KONINKLIJKE KPN NV | 0.54% | 4.10 | +0.42% | +0.89% | -1.49% | +5.57% | 28 |
| T AT&T Inc | 0.51% | 26.01 | +2.28% | +2.85% | +12.06% | +7.05% | 78 |
| CLNX.MC CELLNEX TELECOM | 0.51% | 26.24 | -0.61% | +0.38% | -2.71% | -3.01% | 19 |
| TEF.MC Telefonica S.A. ADR | 0.49% | 3.63 | +0.78% | +0.08% | +0.64% | +3.78% | 42 |
| SATS Echostar Corp | 0.46% | 92.03 | -4.14% | -8.74% | -26.16% | -15.34% | 0 |
| CHTR Charter Communications | 0.34% | 153.62 | +3.57% | +2.30% | +8.18% | -26.41% | 61 |
| FOXA Fox Corp Cl A | 0.34% | 68.42 | +1.79% | -0.18% | +16.32% | -5.90% | 92 |
| TKO Tko Group Holdings Cl A | 0.33% | 184.64 | +0.16% | -4.40% | +0.45% | -11.30% | 39 |
| TELIA.ST TELIA COMPANY | 0.33% | 43.77 | +0.76% | +0.62% | -2.34% | +13.64% | 22 |
| TEL Te Connectivity Ltd | 0.28% | 202.66 | -0.17% | -0.42% | -1.90% | -10.30% | 25 |
| NWSA News Corp Cl A | 0.26% | 30.97 | -0.71% | +1.94% | +10.25% | +19.06% | 69 |
| TTD Trade Desk Inc | 0.25% | 13.57 | +1.12% | +2.96% | -25.77% | -64.25% | 3 |
| FOX Fox Corp Cl B | 0.21% | 61.32 | +1.52% | +0.44% | +17.16% | -5.05% | 94 |
| ELISA.HE ELISA | 0.18% | 36.16 | +1.06% | +0.44% | +2.90% | -2.80% | 50 |
| CAR Avis Budget Group | 0.18% | 138.12 | -0.98% | -5.79% | -9.13% | +7.64% | 11 |
| NWS News Corp Cl B | 0.10% | 34.85 | -1.33% | +0.87% | +9.59% | +18.05% | 67 |
| PSKY Paramount Skydance Corp Cl B | 0.08% | 10.88 | +0.74% | +5.12% | +39.31% | -18.39% | 97 |
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 2026-08-28: over 21 sessions the fund returned +4.03% while its median constituent returned +2.83% — a dispersion of 12.50 pp; 44% of 36 members beat the fund. Broad advance - breadth is rising with price.
How did IXP's members trade in the last session?
As of 2026-08-28: fund +1.07%, median member +0.77%, 26 advancers vs 9 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. 36 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.