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 | +6.76% | +0.87 | -6pp | -2.83pp | Confirming ↑ |
| 1 month | +16.21% | +1.16 | -9pp | -3.49pp | Confirming ↑ |
| 1 quarter | +49.12% | +6.04 | -24pp | -13.43pp | Confirming ↑ |
Over the last 126 sessions: price up +48.33%, breadth up (+6.42/name) · % beating 53→27 · median−ETF +0.29pp→-11.35pp.
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 2026-06-18.
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 | 17 (38%) | 9 (20%) | +8 |
| 1-Month | 10 (22%) | 8 (18%) | +2 |
| 3-Month | 9 (20%) | 5 (11%) | +4 |
| 6-Month | 9 (20%) | 4 (9%) | +5 |
| 52-Week | 9 (20%) | 4 (9%) | +5 |
| YTD | 9 (20%) | 4 (9%) | +5 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +3.34% | +1.48% | -1.86pp | 33 / 12 | 18 / 27 | 4 of 45 | ±4.2% |
| 5d | +6.76% | +1.64% | -5.11pp | 26 / 19 | 15 / 30 | 4 of 45 | ±10.14% |
| 21d | +16.21% | +5.66% | -10.55pp | 26 / 18 | 12 / 32 | 1 of 44 | ±29.2% |
| YTD | +45.60% | +21.52% | -24.08pp | 27 / 17 | 19 / 25 | 2 of 44 | ±158.28% |
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)
- INTC+10.64%+0.41pp
- MRVL+7.27%+0.4pp
- MU+8.70%+0.31pp
- SNDK+11.54%+0.3pp
- ARM+4.91%+0.22pp
- CTSH-10.49%-0.14pp
- WDAY-4.02%-0.07pp
- MSTR-3.46%-0.05pp
- DDOG-1.60%-0.05pp
- APP-2.04%-0.04pp
This month (21d)
- ARM+96.93%+4.37pp
- MRVL+76.20%+4.16pp
- MU+62.29%+2.22pp
- WDC+63.72%+1.9pp
- STX+45.94%+1.57pp
- MSTR-31.65%-0.46pp
- ZS-28.76%-0.39pp
- ADBE-23.46%-0.37pp
- INTU-33.20%-0.34pp
- ADSK-20.62%-0.29pp
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)
- ARM+96.93%
- MRVL+76.20%
- WDC+63.72%
- MU+62.29%
- SNDK+57.94%
- INTU-33.20%
- MSTR-31.65%
- ZS-28.76%
- ADBE-23.46%
- ADSK-20.62%
QTEC — constituent leadership race
$100 in each covered QTEC 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 — 45 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| MRVL Marvell Technology Inc | 5.46% | 310.58 | +7.27% | +10.64% | +76.20% | +265.92% | 95 |
| ARM Arm Holdings Plc ADR | 4.51% | 439.46 | +4.91% | +28.41% | +96.93% | +302.03% | 98 |
| AMD Adv Micro Devices | 3.94% | 537.37 | +4.86% | +10.02% | +29.78% | +150.92% | 77 |
| INTC Intel Corp | 3.87% | 133.99 | +10.64% | +14.56% | +20.93% | +263.12% | 75 |
| MU Micron Technology | 3.57% | 1133.99 | +8.70% | +13.87% | +62.29% | +297.49% | 91 |
| STX Seagate Technology Holdings | 3.42% | 1070.23 | +0.39% | +23.29% | +45.94% | +289.30% | 84 |
| WDC Western Digital Corp | 2.98% | 746.23 | +4.79% | +40.99% | +63.72% | +333.38% | 93 |
| DDOG Datadog Inc Cl A | 2.95% | 223.00 | -1.60% | -4.80% | +3.65% | +63.98% | 45 |
| QCOM Qualcomm Inc | 2.83% | 226.11 | +6.17% | +11.41% | +15.59% | +33.04% | 70 |
| FTNT Fortinet Inc | 2.79% | 144.73 | +0.41% | -0.23% | +13.39% | +82.26% | 66 |
| CRWD Crowdstrike Holdings | 2.67% | 684.86 | +0.28% | -0.96% | +11.02% | +46.10% | 61 |
| SNDK Sandisk Corp | 2.63% | 2184.75 | +11.54% | +16.12% | +57.94% | +820.36% | 89 |
| PANW Palo Alto Networks | 2.60% | 287.78 | +2.00% | +2.95% | +19.84% | +56.23% | 73 |
| NXPI Nxp Semiconductors | 2.55% | 313.27 | +5.05% | +3.54% | +6.45% | +45.07% | 50 |
| TXN Texas Instruments | 2.47% | 322.86 | +6.95% | +8.67% | +6.80% | +87.31% | 55 |
| MPWR Monolithic Power Sys | 2.35% | 1563.70 | +7.97% | -1.63% | +6.51% | +72.87% | 52 |
| MCHP Microchip Technology | 2.32% | 99.77 | +6.01% | +7.35% | +9.22% | +57.50% | 59 |
| LRCX Lam Research Corp | 2.23% | 389.04 | +3.97% | +7.39% | +42.31% | +127.54% | 82 |
| CDNS Cadence Design Sys | 2.20% | 387.39 | -0.57% | +0.95% | +14.57% | +23.93% | 68 |
| KLAC K L A-Tencor Corp | 2.16% | 259.56 | +8.73% | +7.63% | — | — | — |
| AMAT Applied Materials | 2.13% | 617.11 | +4.08% | +11.67% | +51.85% | +140.43% | 86 |
| ADI Analog Devices | 2.10% | 434.46 | +4.83% | +5.42% | +4.86% | +60.70% | 48 |
| AVGO Broadcom Ltd | 2.05% | 411.35 | +4.70% | +6.69% | +0.07% | +19.10% | 41 |
| ASML ASML Holdings NY Reg ADR | 2.02% | 1929.68 | +3.31% | +1.59% | +32.22% | +81.00% | 80 |
| NVDA Nvidia Corp | 1.92% | 210.69 | +2.95% | +2.84% | -4.50% | +12.98% | 32 |
| APP Applovin Corp Cl A | 1.92% | 469.71 | -2.04% | -1.85% | -1.51% | -30.29% | 36 |
| AAPL Apple Inc | 1.90% | 298.01 | +0.70% | +0.81% | -0.32% | +9.72% | 39 |
| SNPS Synopsys Inc | 1.78% | 455.51 | -1.35% | -0.17% | -7.77% | -3.03% | 23 |
| MSFT Microsoft Corp | 1.70% | 379.40 | +0.13% | -2.80% | -8.91% | -21.37% | 20 |
| WDAY Workday Inc | 1.65% | 116.93 | -4.02% | -10.42% | -9.59% | -45.56% | 16 |
| META META Platforms Inc | 1.60% | 577.22 | +1.70% | +1.64% | -4.21% | -12.48% | 34 |
| ADBE Adobe Systems Inc | 1.58% | 195.16 | -0.57% | -10.80% | -23.46% | -44.24% | 7 |
| DASH Doordash Inc Cl A | 1.55% | 173.46 | +4.71% | +12.21% | +12.16% | -23.41% | 64 |
| SHOP Shopify Inc | 1.51% | 108.85 | +0.70% | -1.47% | +7.76% | -32.38% | 57 |
| MSTR Strategy Inc | 1.45% | 112.53 | -3.46% | -6.34% | -31.65% | -25.94% | 2 |
| ADSK Autodesk Inc | 1.43% | 193.82 | +0.39% | -5.72% | -20.62% | -34.52% | 9 |
| PLTR Palantir Technologies Cl A | 1.43% | 128.47 | -1.65% | -1.99% | -5.02% | -27.72% | 27 |
| ROP Roper Industries | 1.42% | 330.26 | +0.09% | -0.74% | +0.41% | -25.47% | 43 |
| TRI Thomson Reuters Corp | 1.37% | 78.58 | -0.85% | -2.08% | -9.36% | -39.09% | 18 |
| PDD Pdd Holdings Inc | 1.35% | 79.56 | -0.38% | -2.14% | -18.27% | -29.84% | 11 |
| ZS Zscaler Inc | 1.35% | 124.85 | +0.38% | -1.00% | -28.76% | -44.49% | 5 |
| CTSH Cognizant Tech Sol | 1.31% | 43.70 | -10.49% | -14.62% | -14.11% | -47.08% | 14 |
| INTU Intuit Inc | 1.01% | 267.00 | -0.77% | -3.58% | -33.20% | -59.49% | 0 |
| GOOGL Alphabet Cl A | 0.94% | 368.03 | +1.17% | +2.87% | -5.06% | +17.66% | 25 |
| GOOG Alphabet Cl C | 0.94% | 367.46 | +1.48% | +3.06% | -4.53% | +17.18% | 30 |
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.
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Dispersion is computed across the constituents we cover in our data lake (see coverage badge). Decision-support, not investment advice.