Constituent dispersion · breadth vs the index
QTEC — First Trust Nasdaq-100 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 | +0.62% | +0.11 | +7pp | +5.21pp | Improving |
| 1 month | +6.18% | +1.33 | -9pp | -5.79pp | Confirming ↑ |
| 1 quarter | -1.00% | -1.4 | +20pp | +11.09pp | Weakening |
Over the last 126 sessions: price up +40.80%, breadth up (+5.51/name) · % beating 56→51 · median−ETF +1.24pp→+0.47pp.
Stocks above their moving average — participation breadth
Of the 45 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 45 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 | 9 (20%) | 9 (20%) | +0 |
| 1-Month | 6 (13%) | 6 (13%) | +0 |
| 3-Month | 5 (11%) | 1 (2%) | +4 |
| 6-Month | 4 (9%) | 0 (0%) | +4 |
| 52-Week | 0 (0%) | 0 (0%) | +0 |
| YTD | 2 (4%) | 0 (0%) | +2 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -1.75% | -1.64% | +0.11pp | 16 / 29 | 23 / 22 | 8 of 45 | ±3.05% |
| 5d | +0.62% | +0.58% | -0.04pp | 27 / 18 | 22 / 23 | 8 of 45 | ±4.71% |
| 21d | +6.18% | +6.65% | +0.47pp | 28 / 17 | 23 / 22 | 1 of 45 | ±13.68% |
| YTD | +37.32% | +10.08% | -27.25pp | 29 / 15 | 17 / 27 | 0 of 44 | ±99.14% |
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)
- WDAY+5.76%+0.1pp
- DASH+2.09%+0.03pp
- APP+1.64%+0.03pp
- AAPL+1.63%+0.03pp
- INTU+2.89%+0.03pp
- MRVL-10.28%-0.56pp
- ARM-6.33%-0.29pp
- LRCX-5.24%-0.12pp
- CRWD-4.19%-0.11pp
- INTC-2.85%-0.11pp
This month (21d)
- MRVL+18.18%+0.99pp
- PLTR+52.37%+0.75pp
- WDAY+29.48%+0.49pp
- CRWD+17.91%+0.48pp
- MSTR+30.25%+0.44pp
- WDC-13.81%-0.41pp
- APP-21.32%-0.41pp
- DDOG-11.76%-0.35pp
- NXPI-8.80%-0.22pp
- AMAT-7.99%-0.17pp
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)
- PLTR+52.37%
- MSTR+30.25%
- WDAY+29.48%
- SHOP+24.92%
- ZS+24.15%
- APP-21.32%
- WDC-13.81%
- DDOG-11.76%
- NXPI-8.80%
- AMAT-7.99%
QTEC — constituent leadership race
$100 in each covered QTEC 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 — 45 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| MRVL Marvell Technology Inc | 5.46% | 216.62 | -10.28% | -8.61% | +18.18% | +155.22% | 80 |
| ARM Arm Holdings Plc ADR | 4.51% | 239.05 | -6.33% | -1.75% | -1.03% | +118.69% | 36 |
| AMD Adv Micro Devices | 3.94% | 465.58 | -2.33% | -1.62% | -4.08% | +117.40% | 20 |
| INTC Intel Corp | 3.87% | 89.47 | -2.85% | -0.67% | -1.82% | +142.47% | 31 |
| MU Micron Technology | 3.57% | 932.86 | -0.27% | -3.51% | +6.65% | +226.99% | 49 |
| STX Seagate Technology Holdings | 3.42% | 829.76 | -2.06% | -2.38% | -2.57% | +201.83% | 24 |
| WDC Western Digital Corp | 2.98% | 459.45 | -0.55% | +0.00% | -13.81% | +166.83% | 2 |
| DDOG Datadog Inc Cl A | 2.95% | 236.98 | -2.45% | +0.58% | -11.76% | +74.26% | 4 |
| QCOM Qualcomm Inc | 2.83% | 164.19 | -0.36% | +2.14% | +8.30% | -3.39% | 58 |
| FTNT Fortinet Inc | 2.79% | 166.00 | -3.92% | +8.14% | +7.62% | +109.04% | 56 |
| CRWD Crowdstrike Holdings | 2.67% | 218.40 | -4.19% | +13.78% | +17.91% | +86.36% | 78 |
| SNDK Sandisk Corp | 2.63% | 1484.98 | +0.00% | -6.96% | +16.02% | +525.57% | 73 |
| PANW Palo Alto Networks | 2.60% | 371.59 | -2.94% | +3.83% | +14.10% | +101.73% | 71 |
| NXPI Nxp Semiconductors | 2.55% | 223.58 | -1.01% | -0.88% | -8.80% | +3.54% | 7 |
| TXN Texas Instruments | 2.47% | 258.64 | -2.96% | -2.16% | -6.74% | +50.05% | 11 |
| MPWR Monolithic Power Sys | 2.35% | 1256.26 | -4.18% | -4.56% | -4.55% | +38.88% | 16 |
| MCHP Microchip Technology | 2.32% | 72.93 | -3.39% | -3.56% | -2.77% | +15.13% | 22 |
| LRCX Lam Research Corp | 2.23% | 301.90 | -5.24% | -3.85% | +1.40% | +76.70% | 38 |
| CDNS Cadence Design Sys | 2.20% | 340.39 | -2.06% | +6.70% | +2.27% | +8.90% | 40 |
| KLAC K L A-Tencor Corp | 2.16% | 175.54 | -4.48% | -4.59% | -2.55% | — | 27 |
| AMAT Applied Materials | 2.13% | 461.67 | -4.29% | -6.23% | -7.99% | +79.87% | 9 |
| ADI Analog Devices | 2.10% | 361.78 | -3.40% | -3.03% | -1.33% | +33.82% | 33 |
| AVGO Broadcom Ltd | 2.05% | 368.79 | -0.74% | +0.09% | -4.91% | +6.78% | 13 |
| ASML ASML Holdings NY Reg ADR | 2.02% | 1696.16 | -2.24% | -3.83% | +2.71% | +59.10% | 42 |
| NVDA Nvidia Corp | 1.92% | 217.55 | -4.57% | +1.32% | +11.54% | +16.79% | 64 |
| APP Applovin Corp Cl A | 1.92% | 317.76 | +1.64% | +3.92% | -21.32% | -52.84% | 0 |
| AAPL Apple Inc | 1.90% | 319.70 | +1.63% | +3.35% | -4.12% | +17.71% | 18 |
| SNPS Synopsys Inc | 1.78% | 442.61 | -4.79% | +11.24% | +18.88% | -5.77% | 84 |
| MSFT Microsoft Corp | 1.70% | 513.53 | +1.68% | +6.27% | +13.84% | +6.43% | 69 |
| WDAY Workday Inc | 1.65% | 204.72 | +5.76% | +2.35% | +29.48% | -4.68% | 93 |
| META META Platforms Inc | 1.60% | 578.02 | +1.21% | +5.11% | +7.23% | -12.36% | 51 |
| ADBE Adobe Systems Inc | 1.58% | 291.52 | +0.82% | +5.89% | +17.60% | -16.71% | 76 |
| DASH Doordash Inc Cl A | 1.55% | 236.74 | +2.09% | +5.93% | +19.85% | +4.53% | 87 |
| SHOP Shopify Inc | 1.51% | 152.90 | -0.93% | +2.45% | +24.92% | -5.01% | 91 |
| MSTR Strategy Inc | 1.45% | 127.31 | -7.34% | +6.76% | +30.25% | -16.22% | 96 |
| ADSK Autodesk Inc | 1.43% | 260.66 | -3.67% | +2.69% | +10.93% | -11.94% | 62 |
| PLTR Palantir Technologies Cl A | 1.43% | 186.29 | +0.19% | +3.53% | +52.37% | +4.80% | 98 |
| ROP Roper Industries | 1.42% | 426.20 | +0.83% | +3.50% | +9.49% | -3.81% | 60 |
| TRI Thomson Reuters Corp | 1.37% | 106.23 | +1.38% | +0.66% | +7.48% | -17.66% | 53 |
| PDD Pdd Holdings Inc | 1.35% | 85.69 | +1.18% | -3.04% | -2.00% | -24.43% | 29 |
| ZS Zscaler Inc | 1.35% | 184.23 | -1.64% | +1.37% | +24.15% | -18.09% | 89 |
| CTSH Cognizant Tech Sol | 1.31% | 64.04 | +0.44% | +3.51% | +18.81% | -22.45% | 82 |
| INTU Intuit Inc | 1.01% | 358.06 | +2.89% | -2.44% | +13.49% | -45.68% | 67 |
| GOOGL Alphabet Cl A | 0.94% | 346.59 | +1.74% | +0.51% | +3.88% | +10.81% | 47 |
| GOOG Alphabet Cl C | 0.94% | 342.88 | +1.53% | +0.33% | +2.76% | +9.34% | 44 |
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
QTEC dispersion — data Q&A
Is QTEC's move broad or carried by a few names (21 sessions)?
As of 2026-08-28: over 21 sessions the fund returned +6.18% while its median constituent returned +6.65% — a dispersion of 13.68 pp; 51% of 45 members beat the fund. Broad advance - breadth is rising with price.
How did QTEC's members trade in the last session?
As of 2026-08-28: fund -1.75%, median member -1.64%, 16 advancers vs 29 decliners.
What does the dispersion page for QTEC 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. 45 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.