Constituent dispersion · breadth vs the index
QQXT — First Trust Nasdaq-100 Ex-Technology
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 | -1.42% | -0.59 | +2pp | +1.44pp | Confirming ↓ |
| 1 month | -0.44% | +0.04 | -2pp | -0.15pp | Improving |
| 1 quarter | -0.80% | +0.29 | +3pp | +0.42pp | Improving |
Over the last 126 sessions: price down -2.19%, breadth up (+1.59/name) · % beating 45→48 · median−ETF -0.81pp→-0.28pp.
Stocks above their moving average — participation breadth
Of the 56 covered constituents, the share trading above each simple moving average — the classic breadth gauge. A firm index price with a low %-above-MA is a narrow, top-heavy tape. As of 2026-06-18.
New highs & new lows — by horizon
How many of the 56 covered constituents closed today at a new high (or low) over each window, and the net. A shrinking net as the index holds up = fewer names leading.
| Horizon | New highs | New lows | Net |
|---|---|---|---|
| 5-Day | 3 (5%) | 24 (43%) | -21 |
| 1-Month | 2 (4%) | 7 (13%) | -5 |
| 3-Month | 0 (0%) | 5 (9%) | -5 |
| 6-Month | 0 (0%) | 4 (7%) | -4 |
| 52-Week | 0 (0%) | 3 (6%) | -3 |
| YTD | 0 (0%) | 4 (7%) | -4 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.17% | +0.11% | -0.06pp | 30 / 26 | 27 / 29 | 30 of 56 | ±1.59% |
| 5d | -1.42% | -1.49% | -0.07pp | 14 / 42 | 27 / 29 | 15 of 56 | ±4.27% |
| 21d | -0.45% | -0.73% | -0.28pp | 27 / 29 | 27 / 29 | 8 of 56 | ±6.72% |
| YTD | -2.37% | +1.40% | +3.77pp | 28 / 27 | 31 / 24 | 0 of 55 | ±27.06% |
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)
- TTWO+4.93%+0.09pp
- AMZN+2.90%+0.06pp
- CSCO+1.88%+0.06pp
- IDXX+2.93%+0.05pp
- FAST+2.25%+0.04pp
- BKR-2.76%-0.05pp
- CHTR-4.37%-0.05pp
- INSM-2.69%-0.04pp
- ORLY-1.76%-0.03pp
- LITE-2.30%-0.03pp
This month (21d)
- MAR+10.68%+0.23pp
- ODFL+8.11%+0.19pp
- BKNG+11.16%+0.19pp
- ROST+9.46%+0.18pp
- PCAR+8.75%+0.16pp
- COST-13.06%-0.23pp
- WMT-12.68%-0.22pp
- FANG-11.68%-0.21pp
- NFLX-13.38%-0.21pp
- BKR-10.78%-0.21pp
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)
- BKNG+11.16%
- MAR+10.68%
- ROST+9.46%
- PCAR+8.75%
- ABNB+8.58%
- NFLX-13.38%
- COST-13.06%
- WMT-12.68%
- FANG-11.68%
- CHTR-11.42%
QQXT — constituent leadership race
$100 in each covered QQXT constituent at 2025-12-16, 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 — 56 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CSCO Cisco Systems Inc | 2.93% | 119.54 | +1.88% | -1.88% | +3.61% | +56.86% | 68 |
| ODFL Old Dominion Freight Line | 2.34% | 221.04 | +1.23% | -10.78% | +8.11% | +41.17% | 88 |
| AMZN Amazon.com Inc | 2.16% | 244.39 | +2.90% | +1.19% | -5.76% | +5.88% | 18 |
| CSX CSX Corp | 2.12% | 45.63 | +0.13% | -3.67% | -0.67% | +26.29% | 50 |
| MAR Marriot Int Cl A | 2.11% | 396.20 | +0.40% | -0.17% | +10.68% | +27.95% | 96 |
| MNST Monster Beverage Corp | 2.10% | 91.34 | -0.35% | -0.75% | +5.78% | +19.13% | 80 |
| TSLA Tesla Inc | 1.99% | 400.49 | +1.04% | +0.34% | -0.90% | -10.95% | 46 |
| KDP Keurig Dr Pepper Inc | 1.98% | 30.76 | -0.42% | -1.50% | +6.62% | +11.71% | 84 |
| ADP Automatic Data Processing | 1.94% | 218.41 | -0.16% | -2.53% | -0.92% | -14.39% | 45 |
| ROST Ross Stores Inc | 1.93% | 232.80 | -0.19% | -2.64% | +9.46% | +29.51% | 95 |
| BKR Baker Hughes Company | 1.92% | 58.41 | -2.76% | -7.99% | -10.78% | +29.18% | 11 |
| DXCM Dexcom Inc | 1.90% | 72.47 | +1.74% | -3.69% | +8.24% | +9.19% | 89 |
| MDLZ Mondelez Intl Inc | 1.90% | 60.12 | -1.22% | -5.11% | -1.91% | +12.65% | 41 |
| TTWO Take-Two Interactive | 1.89% | 239.28 | +4.93% | +12.83% | +0.48% | -6.54% | 55 |
| FER Ferrovial N.V. | 1.89% | 69.22 | +0.71% | +2.78% | +6.51% | +7.14% | 82 |
| FAST Fastenal Company | 1.89% | 45.89 | +2.25% | -1.08% | +5.32% | +15.60% | 75 |
| PAYX Paychex Inc | 1.88% | 98.24 | +0.68% | -1.04% | +3.98% | -11.52% | 70 |
| PCAR Paccar Inc | 1.86% | 118.95 | +1.37% | +1.17% | +8.75% | +8.90% | 93 |
| FANG Diamondback Energy | 1.84% | 183.50 | -1.07% | -4.22% | -11.68% | +22.79% | 5 |
| ABNB Airbnb Inc Cl A | 1.82% | 142.41 | +1.33% | +8.82% | +8.58% | +4.93% | 91 |
| LIN Linde Plc | 1.82% | 512.15 | -0.72% | -0.64% | +1.20% | +20.52% | 57 |
| KHC Kraft Heinz Company | 1.82% | 22.82 | -1.64% | -5.78% | -1.98% | -4.32% | 39 |
| AXON Axon Enterprise | 1.81% | 423.40 | +0.09% | -5.11% | +7.92% | -25.45% | 86 |
| AEP American Electric Power | 1.78% | 127.69 | -0.45% | -0.61% | -0.95% | +11.61% | 43 |
| EA Electronic Arts Inc | 1.78% | 202.15 | -0.43% | -0.44% | +0.32% | -0.97% | 54 |
| SBUX Starbucks Corp | 1.78% | 100.65 | +0.83% | -1.59% | -5.39% | +20.29% | 27 |
| ORLY O'Reilly Automotive | 1.77% | 86.84 | -1.76% | -3.62% | -5.53% | -4.79% | 23 |
| XEL XCEL Energy Inc | 1.77% | 77.41 | -0.06% | -0.35% | -2.91% | +5.58% | 38 |
| CCEP Coca-Cola Europacific Partners Plc | 1.76% | 96.93 | -0.20% | -0.78% | +5.52% | +6.87% | 79 |
| CTAS Cintas Corp | 1.76% | 170.85 | +0.71% | -6.06% | -0.78% | -8.95% | 48 |
| COST Costco Wholesale | 1.75% | 951.45 | -1.46% | -2.48% | -13.06% | +10.64% | 2 |
| MELI Mercadolibre Inc | 1.75% | 1635.15 | +0.20% | +1.56% | +2.53% | -18.82% | 63 |
| AMGN Amgen Inc | 1.74% | 337.60 | -1.19% | -4.65% | +2.07% | +3.86% | 61 |
| WMT Walmart Inc | 1.73% | 117.18 | -0.80% | -2.76% | -12.68% | +5.39% | 4 |
| HON Honeywell International | 1.72% | 229.01 | +0.17% | +4.51% | +5.46% | +17.97% | 77 |
| WBD Discovery Inc Series A | 1.72% | 26.20 | -0.15% | -2.46% | -3.29% | -9.09% | 32 |
| IDXX Idexx Laboratories | 1.71% | 562.09 | +2.93% | +0.75% | +2.85% | -16.92% | 66 |
| ALNY Alnylam Pharmaceuticals | 1.70% | 278.09 | -1.64% | -3.90% | -5.51% | -30.07% | 25 |
| BKNG Booking Holdings | 1.70% | 171.78 | +0.09% | +5.01% | +11.16% | — | 98 |
| PYPL Paypal Holdings | 1.70% | 42.51 | +1.02% | +3.08% | -3.01% | -26.96% | 36 |
| VRTX Vertex Pharmaceutic | 1.70% | 451.63 | -1.60% | +1.48% | +3.99% | -0.38% | 71 |
| EXC Exelon Corp | 1.68% | 45.81 | +0.55% | +0.66% | +2.67% | +5.99% | 64 |
| PEP Pepsico Inc | 1.66% | 142.02 | +0.30% | -1.19% | -5.55% | -0.16% | 21 |
| GILD Gilead Sciences Inc | 1.65% | 123.76 | -1.35% | -1.03% | -5.16% | +1.40% | 29 |
| CEG Constellation Energy Corp | 1.64% | 274.06 | +2.58% | +11.09% | +5.14% | -22.32% | 73 |
| CPRT Copart Inc | 1.64% | 30.23 | +2.41% | -2.67% | -8.73% | -22.78% | 14 |
| GEHC GE Healthcare Technologies | 1.60% | 61.59 | +0.72% | -4.53% | +0.02% | -24.84% | 52 |
| VRSK Verisk Analytics Inc | 1.56% | 173.80 | -0.88% | -4.25% | +1.81% | -22.11% | 59 |
| NFLX Netflix Inc | 1.55% | 77.38 | +0.55% | -4.79% | -13.38% | -17.47% | 0 |
| ISRG Intuitive Surg Inc | 1.53% | 406.78 | +1.14% | -1.48% | -7.88% | -28.18% | 16 |
| REGN Regeneron Pharmaceuticals | 1.50% | 609.94 | +0.33% | -0.25% | -3.09% | -20.88% | 34 |
| TMUS T-Mobile US | 1.49% | 181.67 | +0.20% | -2.23% | -5.57% | -10.09% | 20 |
| CMCSA Comcast Corp A | 1.41% | 22.43 | -1.15% | -6.42% | -9.56% | -18.05% | 13 |
| INSM Insmed Inc | 1.35% | 95.80 | -2.69% | -0.95% | -10.81% | -44.96% | 9 |
| LITE Lumentum Holdings | 1.30% | 850.00 | -2.30% | -4.45% | -4.50% | +130.61% | 30 |
| CHTR Charter Communications | 1.06% | 126.23 | -4.37% | -9.28% | -11.42% | -39.53% | 7 |
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.