Constituent dispersion · breadth vs the index
QTUM — Defiance Quantum
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 | -5.06% | -1.45 | -1pp | +0.25pp | Confirming ↓ |
| 1 month | +0.73% | +0.56 | +2pp | +0.55pp | Improving |
| 1 quarter | -0.91% | -2.1 | -3pp | -0.88pp | Weakening |
Over the last 126 sessions: price up +21.65%, breadth up (+0.18/name) · % beating 44→52 · median−ETF -2.66pp→+0.62pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -2.35% | -1.98% | +0.38pp | 12 / 49 | 36 / 26 | 20 of 62 | ±2.73% |
| 5d | -5.06% | -3.48% | +1.58pp | 20 / 42 | 33 / 29 | 4 of 62 | ±7.82% |
| 21d | +0.73% | +1.22% | +0.49pp | 33 / 29 | 32 / 30 | 5 of 62 | ±9.74% |
| YTD | +35.68% | +16.55% | -19.13pp | 44 / 17 | 27 / 34 | 0 of 61 | ±65.55% |
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)
- ORCL+4.59%+0.03pp
- ACN+2.78%+0.02pp
- CRM+2.09%+0.01pp
- HON+0.92%+0.01pp
- MSFT+1.14%+0.01pp
- COHR-7.87%-0.14pp
- MU-3.88%-0.12pp
- ONTO-7.06%-0.12pp
- ALAB-5.29%-0.1pp
- MKSI-5.52%-0.1pp
This month (21d)
- MRVL+12.60%+0.33pp
- AMD+15.13%+0.3pp
- HPE+13.56%+0.22pp
- SNPS+26.46%+0.22pp
- ALAB+11.29%+0.22pp
- NOK-11.05%-0.23pp
- QBTS-18.21%-0.14pp
- MKSI-6.51%-0.12pp
- CRUS-10.49%-0.12pp
- COHR-5.68%-0.1pp
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)
- SNPS+26.46%
- PLTR+24.98%
- CDNS+20.41%
- ACN+16.84%
- AMD+15.13%
- QBTS-18.21%
- ARQQ-16.93%
- BTQ-14.13%
- QUBT-13.27%
- RGTI-13.23%
QTUM — constituent leadership race
$100 in each covered QTUM 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 — 62 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| MU Micron Technology | 3.19% | 989.04 | -3.88% | -7.04% | +1.41% | +246.68% | 52 |
| INTC Intel Corp | 2.62% | 101.35 | -3.20% | -12.77% | -1.54% | +174.66% | 40 |
| MRVL Marvell Technology Inc | 2.59% | 265.86 | -3.42% | -1.97% | +12.60% | +213.23% | 85 |
| STM Stmicroelectronics N.V. ADR | 2.52% | 50.48 | -3.03% | -12.48% | -2.00% | +95.16% | 37 |
| ARM Arm Holdings Plc ADR | 2.30% | 255.24 | -4.15% | -15.73% | -3.61% | +133.50% | 31 |
| NOK Nokia Corp ADR | 2.04% | 9.90 | -4.44% | -2.94% | -11.05% | +54.11% | 8 |
| AMD Adv Micro Devices | 1.98% | 594.24 | -2.28% | -5.94% | +15.13% | +177.47% | 92 |
| ALAB Astera Labs Inc | 1.91% | 324.11 | -5.29% | -10.55% | +11.29% | +94.82% | 82 |
| LRCX Lam Research Corp | 1.87% | 309.56 | -2.91% | -10.48% | +3.80% | +81.18% | 65 |
| MKSI Mks Inc | 1.82% | 249.91 | -5.52% | -10.91% | -6.51% | +56.54% | 19 |
| ON On Semiconductor | 1.82% | 76.00 | -1.97% | -11.56% | -0.18% | +40.35% | 45 |
| TSEM Tower Semiconductor | 1.78% | 216.50 | -5.34% | -13.25% | +2.35% | +84.38% | 53 |
| AMAT Applied Materials | 1.77% | 497.53 | -1.87% | -8.25% | +8.99% | +93.84% | 74 |
| COHR Coherent Corp | 1.77% | 288.02 | -7.87% | -13.67% | -5.68% | +56.05% | 21 |
| KLAC K L A-Tencor Corp | 1.76% | 190.12 | -2.79% | -8.09% | +5.25% | +57.05% | 69 |
| TER Teradyne Inc | 1.69% | 383.85 | -4.68% | -13.65% | +1.09% | +98.39% | 48 |
| ONTO Onto Innovation Inc | 1.65% | 273.74 | -7.06% | -15.88% | -2.67% | +73.41% | 34 |
| HPE Hewlett Packard Enterprise | 1.63% | 70.33 | -4.26% | +2.88% | +13.56% | +194.69% | 87 |
| LSCC Lattice Semicond | 1.58% | 122.84 | -2.55% | -7.53% | +2.57% | +66.95% | 55 |
| ASML ASML Holdings NY Reg ADR | 1.42% | 1750.24 | -1.69% | -5.89% | +3.06% | +64.17% | 60 |
| TXN Texas Instruments | 1.42% | 281.74 | -0.70% | -4.46% | +4.85% | +63.46% | 68 |
| NVEC Nve Corp | 1.38% | 110.21 | -3.17% | -3.43% | +9.65% | — | 79 |
| CSCO Cisco Systems Inc | 1.29% | 115.34 | -2.58% | +2.23% | +2.86% | +51.35% | 58 |
| ADI Analog Devices | 1.27% | 406.25 | +0.01% | -3.07% | +7.25% | +50.26% | 73 |
| MCHP Microchip Technology | 1.20% | 73.83 | -2.28% | -9.40% | -0.50% | +16.55% | 44 |
| TSM Taiwan Semiconductor ADR | 1.17% | 444.35 | -1.98% | -8.53% | +2.84% | +46.55% | 56 |
| NXPI Nxp Semiconductors | 1.13% | 225.21 | -1.02% | -6.93% | -4.39% | +4.29% | 27 |
| CRUS Cirrus Logic Inc | 1.11% | 106.33 | -0.51% | -12.38% | -10.49% | -10.27% | 10 |
| LMT Lockheed Martin Corp | 0.99% | 511.88 | +0.45% | +1.04% | -2.35% | +6.39% | 35 |
| QCOM Qualcomm Inc | 0.99% | 174.43 | -0.61% | -3.52% | -4.14% | +2.63% | 29 |
| CRWV Coreweave Inc Cl A | 0.98% | 80.26 | -2.22% | -8.16% | -9.81% | +12.08% | 11 |
| HON Honeywell International | 0.98% | 209.64 | +0.92% | -2.10% | +3.60% | +3.85% | 61 |
| CDNS Cadence Design Sys | 0.97% | 348.42 | -1.25% | -1.43% | +20.41% | +11.47% | 95 |
| GOOGL Alphabet Cl A | 0.96% | 352.72 | +0.30% | +1.80% | +4.20% | +12.77% | 66 |
| IONQ Ionq Inc | 0.96% | 36.27 | -9.07% | -15.59% | -1.31% | -19.17% | 42 |
| NVDA Nvidia Corp | 0.96% | 226.32 | -1.29% | -5.27% | +3.68% | +21.50% | 63 |
| NET Cloudflare Inc Cl A | 0.92% | 350.87 | -2.79% | -2.40% | +14.47% | +77.97% | 89 |
| SNOW Snowflake Inc Cl A | 0.92% | 360.37 | -2.31% | +6.31% | +9.54% | +64.28% | 77 |
| RTX Rtx Corp | 0.90% | 186.66 | +0.37% | +1.26% | -5.57% | +2.12% | 23 |
| TDC Teradata Corp | 0.89% | 30.68 | +0.29% | +2.57% | +10.20% | +0.79% | 81 |
| NTNX Nutanix Inc | 0.88% | 74.14 | -0.66% | +0.99% | +12.47% | +43.43% | 84 |
| NOC Northrop Grumman Corp | 0.85% | 485.00 | +0.89% | +1.87% | -6.55% | -14.67% | 18 |
| SNPS Synopsys Inc | 0.82% | 502.51 | -1.47% | +2.87% | +26.46% | +6.98% | 98 |
| BIDU Baidu Inc ADR | 0.79% | 84.30 | -1.21% | -3.09% | -7.77% | -35.48% | 13 |
| AVGO Broadcom Ltd | 0.79% | 354.73 | -1.88% | -2.15% | -1.83% | +2.71% | 39 |
| QBTS D-Wave Quantum Inc | 0.75% | 13.74 | -5.70% | -12.15% | -18.21% | -47.46% | 0 |
| IBM Intl Business Machines | 0.75% | 227.02 | -0.05% | +2.46% | -6.69% | -22.92% | 16 |
| BAH Booz Allen Hamilton Holding Corp | 0.71% | 73.63 | -0.42% | +7.32% | -2.99% | -12.05% | 32 |
| ORCL Oracle Corp | 0.71% | 141.40 | +4.59% | -0.26% | -7.55% | -27.01% | 15 |
| MSFT Microsoft Corp | 0.70% | 541.15 | +1.14% | +3.04% | +9.18% | +12.15% | 76 |
| MDB Mongodb Inc Cl A | 0.69% | 381.29 | -1.20% | +6.14% | +5.27% | -9.15% | 71 |
| RGTI Rigetti Computing Inc | 0.69% | 13.25 | -5.56% | -12.54% | -13.23% | -40.18% | 6 |
| QUBT Quantum Computing Inc | 0.68% | 6.93 | -6.85% | -12.72% | -13.27% | -32.46% | 5 |
| ESTC Elastic N.V. | 0.66% | 95.52 | -2.76% | +0.64% | +14.55% | +26.62% | 90 |
| WIT Wipro Ltd ADR | 0.65% | 1.70 | +0.00% | +0.59% | +0.59% | -38.59% | 47 |
| RDNT Radnet Inc | 0.63% | 71.49 | +0.82% | +1.30% | -5.30% | +0.20% | 26 |
| BABA Alibaba Group Holding ADR | 0.61% | 110.78 | -0.53% | -0.02% | +1.35% | -24.42% | 50 |
| PLTR Palantir Technologies Cl A | 0.58% | 209.00 | -0.02% | +10.35% | +24.98% | +17.58% | 97 |
| BTQ Btq Technologies Corp | 0.54% | 2.43 | -9.33% | -22.86% | -14.13% | -52.54% | 3 |
| CRM Salesforce Inc | 0.54% | 233.92 | +2.09% | +1.80% | -5.40% | -11.48% | 24 |
| ACN Accenture Plc | 0.54% | 214.87 | +2.78% | +10.16% | +16.84% | -18.76% | 94 |
| ARQQ Arqit Quantum Inc | 0.40% | 16.66 | -3.34% | -29.67% | -16.93% | -23.88% | 2 |
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
QTUM dispersion — data Q&A
Is QTUM's move broad or carried by a few names (21 sessions)?
As of 2026-10-13: over 21 sessions the fund returned +0.73% while its median constituent returned +1.22% — a dispersion of 9.74 pp; 52% of 62 members beat the fund. Improving below the surface - the A/D line is rising while price is flat-to-down; more names participating than the headline shows.
How did QTUM's members trade in the last session?
As of 2026-10-13: fund -2.35%, median member -1.98%, 12 advancers vs 49 decliners.
What does the dispersion page for QTUM 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. 62 constituents covered, re-baked nightly from the Closelooknet lake.
Is this investment advice?
No — a data surface in an investment research diary. It describes breadth inside a fund; it makes no recommendation.