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 | -1.35% | -0.52 | +2pp | -0.30pp | Confirming ↓ |
| 1 month | +3.21% | +0.8 | -7pp | -1.75pp | Confirming ↑ |
| 1 quarter | +4.86% | +2.27 | +2pp | -0.53pp | Confirming ↑ |
Over the last 126 sessions: price down -0.52%, breadth up (+0.75/name) · % beating 58→47 · median−ETF +2.09pp→-1.03pp.
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 2026-08-28.
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 | 7 (13%) | 19 (34%) | -12 |
| 1-Month | 2 (4%) | 4 (7%) | -2 |
| 3-Month | 2 (4%) | 1 (2%) | +1 |
| 6-Month | 2 (4%) | 1 (2%) | +1 |
| 52-Week | 0 (0%) | 0 (0%) | +0 |
| YTD | 2 (4%) | 1 (2%) | +1 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.27% | +0.12% | +0.39pp | 29 / 26 | 33 / 23 | 24 of 56 | ±2.45% |
| 5d | -1.35% | -0.34% | +1.01pp | 25 / 31 | 34 / 22 | 13 of 56 | ±2.89% |
| 21d | +3.21% | +2.26% | -0.95pp | 33 / 23 | 26 / 30 | 2 of 56 | ±8.93% |
| YTD | +3.83% | +7.71% | +3.88pp | 34 / 21 | 31 / 24 | 2 of 55 | ±27.3% |
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)
- AMZN+3.97%+0.09pp
- ABNB+2.73%+0.05pp
- KHC+2.27%+0.04pp
- TMUS+2.63%+0.04pp
- CHTR+3.57%+0.04pp
- PYPL-12.71%-0.22pp
- LITE-6.39%-0.08pp
- CSCO-1.98%-0.06pp
- FAST-2.66%-0.05pp
- GILD-2.14%-0.04pp
This month (21d)
- ABNB+24.56%+0.45pp
- DXCM+21.84%+0.41pp
- LITE+29.10%+0.38pp
- AMZN+13.13%+0.28pp
- ALNY+15.39%+0.26pp
- FER-9.81%-0.19pp
- ROST-9.51%-0.18pp
- HON-9.85%-0.17pp
- ODFL-6.51%-0.15pp
- MAR-6.50%-0.14pp
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)
- LITE+29.10%
- ABNB+24.56%
- DXCM+21.84%
- INSM+16.80%
- ALNY+15.39%
- HON-9.85%
- FER-9.81%
- ROST-9.51%
- WMT-7.21%
- PYPL-6.92%
QQXT — constituent leadership race
$100 in each covered QQXT 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 — 56 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CSCO Cisco Systems Inc | 2.93% | 109.93 | -1.98% | -1.00% | -3.20% | +44.25% | 25 |
| ODFL Old Dominion Freight Line | 2.34% | 198.63 | -0.71% | -3.80% | -6.51% | +26.85% | 9 |
| AMZN Amazon.com Inc | 2.16% | 266.43 | +3.97% | +3.02% | +13.13% | +15.43% | 86 |
| CSX CSX Corp | 2.12% | 51.28 | -0.50% | -0.60% | +2.17% | +41.93% | 48 |
| MAR Marriot Int Cl A | 2.11% | 351.08 | -0.79% | -1.49% | -6.50% | +13.38% | 11 |
| MNST Monster Beverage Corp | 2.10% | 46.86 | +0.34% | -1.95% | -4.02% | +22.24% | 20 |
| TSLA Tesla Inc | 1.99% | 348.75 | -1.71% | -3.89% | +12.92% | -22.45% | 82 |
| KDP Keurig Dr Pepper Inc | 1.98% | 32.18 | +0.94% | +0.44% | +1.93% | +16.86% | 46 |
| ADP Automatic Data Processing | 1.94% | 287.48 | +0.98% | +2.38% | +8.95% | +12.68% | 70 |
| ROST Ross Stores Inc | 1.93% | 228.55 | -0.57% | -4.39% | -9.51% | +27.14% | 4 |
| BKR Baker Hughes Company | 1.92% | 62.41 | +0.48% | +0.11% | +4.57% | +38.02% | 55 |
| DXCM Dexcom Inc | 1.90% | 90.82 | +1.71% | -1.65% | +21.84% | +36.84% | 95 |
| MDLZ Mondelez Intl Inc | 1.90% | 62.36 | -0.11% | -3.24% | -1.14% | +16.85% | 34 |
| TTWO Take-Two Interactive | 1.89% | 235.39 | +1.03% | -1.77% | -4.87% | -8.06% | 14 |
| FER Ferrovial N.V. | 1.89% | 58.73 | -0.07% | -6.53% | -9.81% | -9.10% | 2 |
| FAST Fastenal Company | 1.89% | 49.78 | -2.66% | -2.89% | +6.69% | +25.40% | 64 |
| PAYX Paychex Inc | 1.88% | 127.04 | +0.44% | +2.06% | +9.21% | +14.42% | 71 |
| PCAR Paccar Inc | 1.86% | 125.34 | -0.95% | -4.34% | -6.29% | +15.11% | 13 |
| FANG Diamondback Energy | 1.84% | 197.67 | -1.42% | -6.19% | -1.05% | +32.28% | 36 |
| ABNB Airbnb Inc Cl A | 1.82% | 189.43 | +2.73% | +1.14% | +24.56% | +39.57% | 96 |
| LIN Linde Plc | 1.82% | 489.51 | +0.86% | +0.40% | -3.76% | +15.19% | 21 |
| KHC Kraft Heinz Company | 1.82% | 25.70 | +2.27% | +0.47% | -2.58% | +7.76% | 27 |
| AXON Axon Enterprise | 1.81% | 600.73 | -1.71% | -4.30% | +14.36% | +5.78% | 89 |
| AEP American Electric Power | 1.78% | 122.31 | -0.33% | +1.13% | -4.28% | +6.91% | 18 |
| EA Electronic Arts Inc | 1.78% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 50 |
| SBUX Starbucks Corp | 1.78% | 107.85 | +0.55% | +0.72% | +1.89% | +28.90% | 45 |
| ORLY O'Reilly Automotive | 1.77% | 88.50 | +0.76% | -0.68% | +1.30% | -2.97% | 43 |
| XEL XCEL Energy Inc | 1.77% | 76.45 | -0.92% | +0.20% | -2.28% | +4.27% | 30 |
| CCEP Coca-Cola Europacific Partners Plc | 1.76% | 109.10 | +1.66% | +1.02% | -2.34% | +20.29% | 29 |
| CTAS Cintas Corp | 1.76% | 204.18 | +0.01% | +0.19% | -1.26% | +8.82% | 32 |
| COST Costco Wholesale | 1.75% | 945.47 | +1.16% | -0.24% | -0.91% | +9.95% | 38 |
| MELI Mercadolibre Inc | 1.75% | 1966.25 | +1.84% | +2.26% | +4.27% | -2.38% | 54 |
| AMGN Amgen Inc | 1.74% | 432.42 | -1.05% | -1.57% | +11.55% | +33.03% | 75 |
| WMT Walmart Inc | 1.73% | 103.09 | +0.45% | -0.59% | -7.21% | -7.28% | 5 |
| HON Honeywell International | 1.72% | 217.43 | -1.34% | +0.71% | -9.85% | +7.71% | 0 |
| WBD Discovery Inc Series A | 1.72% | 28.77 | -0.38% | +0.77% | +12.96% | -0.17% | 84 |
| IDXX Idexx Laboratories | 1.71% | 554.99 | +1.82% | -0.35% | -0.68% | -17.97% | 39 |
| ALNY Alnylam Pharmaceuticals | 1.70% | 237.10 | +0.23% | +0.37% | +15.39% | -40.37% | 91 |
| BKNG Booking Holdings | 1.70% | 205.63 | +1.52% | -1.90% | +6.41% | — | 63 |
| PYPL Paypal Holdings | 1.70% | 53.66 | -12.71% | -12.82% | -6.92% | -7.81% | 7 |
| VRTX Vertex Pharmaceutic | 1.70% | 541.69 | -1.07% | -1.16% | +12.45% | +19.48% | 80 |
| EXC Exelon Corp | 1.68% | 43.93 | -0.07% | +0.34% | -3.62% | +1.64% | 23 |
| PEP Pepsico Inc | 1.66% | 141.07 | +0.97% | -1.68% | +0.62% | -0.83% | 41 |
| GILD Gilead Sciences Inc | 1.65% | 145.68 | -2.14% | -0.30% | +10.97% | +19.36% | 73 |
| CEG Constellation Energy Corp | 1.64% | 276.75 | -2.00% | +1.42% | +5.00% | -21.56% | 59 |
| CPRT Copart Inc | 1.64% | 32.99 | +0.70% | -2.40% | +11.57% | -15.73% | 77 |
| GEHC GE Healthcare Technologies | 1.60% | 71.72 | -1.04% | -4.14% | +2.55% | -12.47% | 52 |
| VRSK Verisk Analytics Inc | 1.56% | 191.77 | +0.39% | +2.28% | -4.28% | -14.05% | 16 |
| NFLX Netflix Inc | 1.55% | 81.72 | +2.35% | +2.68% | +11.69% | -12.84% | 79 |
| ISRG Intuitive Surg Inc | 1.53% | 372.60 | +1.51% | -1.64% | +5.56% | -34.21% | 61 |
| REGN Regeneron Pharmaceuticals | 1.50% | 794.19 | -1.67% | -4.78% | +7.56% | +3.02% | 66 |
| TMUS T-Mobile US | 1.49% | 181.37 | +2.63% | -0.34% | +4.63% | -10.24% | 57 |
| CMCSA Comcast Corp A | 1.41% | 27.06 | +2.46% | +0.78% | +14.32% | -1.13% | 88 |
| INSM Insmed Inc | 1.35% | 118.54 | -2.35% | -5.75% | +16.80% | -31.89% | 93 |
| LITE Lumentum Holdings | 1.30% | 895.00 | -6.39% | +3.26% | +29.10% | +142.82% | 98 |
| CHTR Charter Communications | 1.06% | 153.62 | +3.57% | +2.30% | +8.18% | -26.41% | 68 |
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
QQXT dispersion — data Q&A
Is QQXT's move broad or carried by a few names (21 sessions)?
As of 2026-08-28: over 21 sessions the fund returned +3.21% while its median constituent returned +2.26% — a dispersion of 8.93 pp; 46% of 56 members beat the fund. Broad advance - breadth is rising with price.
How did QQXT's members trade in the last session?
As of 2026-08-28: fund -0.27%, median member +0.12%, 29 advancers vs 26 decliners.
What does the dispersion page for QQXT 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. 56 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.