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 | -1.49% | -0.34 | -2pp | +0.73pp | Confirming ↓ |
| 1 month | +5.64% | +0.34 | -12pp | -5.54pp | Confirming ↑ |
| 1 quarter | -7.21% | -3.66 | -2pp | +0.59pp | Confirming ↓ |
Over the last 126 sessions: price up +27.35%, breadth up (+0.84/name) · % beating 45→40 · median−ETF -2.02pp→-3.53pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -1.81% | -2.52% | -0.72pp | 13 / 49 | 25 / 37 | 12 of 62 | ±3.99% |
| 5d | -1.49% | -1.69% | -0.20pp | 21 / 40 | 30 / 32 | 12 of 62 | ±6.13% |
| 21d | +5.64% | +2.11% | -3.53pp | 34 / 28 | 25 / 37 | 3 of 62 | ±14.4% |
| YTD | +35.45% | +16.31% | -19.14pp | 41 / 19 | 23 / 37 | 0 of 60 | ±52.69% |
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)
- ESTC+19.31%+0.13pp
- GOOGL+1.74%+0.02pp
- BABA+2.23%+0.01pp
- MSFT+1.68%+0.01pp
- MDB+1.37%+0.01pp
- MRVL-10.28%-0.27pp
- ARM-6.33%-0.15pp
- ONTO-7.46%-0.12pp
- MKSI-5.62%-0.1pp
- LRCX-5.24%-0.1pp
This month (21d)
- MRVL+18.18%+0.47pp
- ESTC+55.50%+0.37pp
- PLTR+52.37%+0.3pp
- MDB+37.05%+0.26pp
- NOK+12.32%+0.25pp
- ON-13.29%-0.24pp
- MKSI-12.80%-0.23pp
- CRUS-17.73%-0.2pp
- STM-6.94%-0.17pp
- NVEC-11.37%-0.16pp
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)
- ESTC+55.50%
- PLTR+52.37%
- CRM+41.66%
- MDB+37.05%
- RDNT+19.01%
- CRUS-17.73%
- ON-13.29%
- MKSI-12.80%
- NVEC-11.37%
- HON-9.85%
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% | 932.86 | -0.27% | -3.51% | +6.65% | +226.99% | 63 |
| INTC Intel Corp | 2.62% | 89.47 | -2.85% | -0.67% | -1.82% | +142.47% | 35 |
| MRVL Marvell Technology Inc | 2.59% | 216.62 | -10.28% | -8.61% | +18.18% | +155.22% | 87 |
| STM Stmicroelectronics N.V. ADR | 2.52% | 49.38 | -3.82% | -2.33% | -6.94% | +90.90% | 15 |
| ARM Arm Holdings Plc ADR | 2.30% | 239.05 | -6.33% | -1.75% | -1.03% | +118.69% | 44 |
| NOK Nokia Corp ADR | 2.04% | 10.21 | -3.59% | +0.00% | +12.32% | +58.94% | 77 |
| AMD Adv Micro Devices | 1.98% | 465.58 | -2.33% | -1.62% | -4.08% | +117.40% | 26 |
| ALAB Astera Labs Inc | 1.91% | 289.47 | -4.81% | +1.58% | -3.41% | +74.00% | 27 |
| LRCX Lam Research Corp | 1.87% | 301.90 | -5.24% | -3.85% | +1.40% | +76.70% | 45 |
| MKSI Mks Inc | 1.82% | 255.76 | -5.62% | -8.28% | -12.80% | +60.20% | 3 |
| ON On Semiconductor | 1.82% | 72.61 | -2.93% | -2.16% | -13.29% | +34.09% | 2 |
| TSEM Tower Semiconductor | 1.78% | 208.01 | -5.39% | -6.55% | -1.49% | +77.15% | 39 |
| AMAT Applied Materials | 1.77% | 461.67 | -4.29% | -6.23% | -7.99% | +79.87% | 13 |
| COHR Coherent Corp | 1.77% | 279.20 | -5.48% | -3.56% | +12.10% | +51.27% | 76 |
| KLAC K L A-Tencor Corp | 1.76% | 175.54 | -4.48% | -4.59% | -2.55% | — | 34 |
| TER Teradyne Inc | 1.69% | 354.97 | -4.59% | -5.53% | -2.88% | +83.47% | 31 |
| ONTO Onto Innovation Inc | 1.65% | 270.79 | -7.46% | -7.68% | +8.09% | +71.54% | 65 |
| HPE Hewlett Packard Enterprise | 1.63% | 52.33 | -3.82% | -2.10% | +11.01% | +119.26% | 73 |
| LSCC Lattice Semicond | 1.58% | 114.40 | -5.04% | -2.80% | -8.13% | +55.48% | 11 |
| ASML ASML Holdings NY Reg ADR | 1.42% | 1696.16 | -2.24% | -3.83% | +2.71% | +59.10% | 53 |
| TXN Texas Instruments | 1.42% | 258.64 | -2.96% | -2.16% | -6.74% | +50.05% | 16 |
| NVEC Nve Corp | 1.38% | 100.89 | -5.78% | -8.19% | -11.37% | — | 5 |
| CSCO Cisco Systems Inc | 1.29% | 109.93 | -1.98% | -1.00% | -3.20% | +44.25% | 29 |
| ADI Analog Devices | 1.27% | 361.78 | -3.40% | -3.03% | -1.33% | +33.82% | 40 |
| MCHP Microchip Technology | 1.20% | 72.93 | -3.39% | -3.56% | -2.77% | +15.13% | 32 |
| TSM Taiwan Semiconductor ADR | 1.17% | 417.52 | -2.29% | -0.34% | +3.52% | +37.70% | 55 |
| NXPI Nxp Semiconductors | 1.13% | 223.58 | -1.01% | -0.88% | -8.80% | +3.54% | 10 |
| CRUS Cirrus Logic Inc | 1.11% | 108.48 | -2.16% | -5.94% | -17.73% | -8.46% | 0 |
| LMT Lockheed Martin Corp | 0.99% | 563.85 | -0.36% | +0.05% | -1.79% | +17.19% | 37 |
| QCOM Qualcomm Inc | 0.99% | 164.19 | -0.36% | +2.14% | +8.30% | -3.39% | 66 |
| CRWV Coreweave Inc Cl A | 0.98% | 84.23 | -2.96% | -4.12% | +13.98% | +17.62% | 82 |
| HON Honeywell International | 0.98% | 217.43 | -1.34% | +0.71% | -9.85% | +7.71% | 6 |
| CDNS Cadence Design Sys | 0.97% | 340.39 | -2.06% | +6.70% | +2.27% | +8.90% | 52 |
| GOOGL Alphabet Cl A | 0.96% | 346.59 | +1.74% | +0.51% | +3.88% | +10.81% | 56 |
| IONQ Ionq Inc | 0.96% | 39.20 | -7.68% | -12.62% | +9.59% | -12.64% | 68 |
| NVDA Nvidia Corp | 0.96% | 217.55 | -4.57% | +1.32% | +11.54% | +16.79% | 74 |
| NET Cloudflare Inc Cl A | 0.92% | 299.84 | -2.72% | +2.29% | +5.80% | +52.09% | 60 |
| SNOW Snowflake Inc Cl A | 0.92% | 328.00 | -0.34% | -1.44% | +10.03% | +49.53% | 69 |
| RTX Rtx Corp | 0.90% | 211.71 | -0.17% | +0.86% | -1.25% | +15.82% | 42 |
| TDC Teradata Corp | 0.89% | 28.77 | +0.77% | +3.90% | -5.86% | -5.49% | 21 |
| NTNX Nutanix Inc | 0.88% | 69.16 | -0.97% | +2.25% | +16.71% | +33.80% | 85 |
| NOC Northrop Grumman Corp | 0.85% | 545.57 | +0.08% | -0.99% | +2.00% | -4.01% | 48 |
| SNPS Synopsys Inc | 0.82% | 442.61 | -4.79% | +11.24% | +18.88% | -5.77% | 90 |
| BIDU Baidu Inc ADR | 0.79% | 97.12 | +0.19% | +4.19% | -9.64% | -25.67% | 8 |
| AVGO Broadcom Ltd | 0.79% | 368.79 | -0.74% | +0.09% | -4.91% | +6.78% | 24 |
| QBTS D-Wave Quantum Inc | 0.75% | 16.99 | -5.08% | -16.67% | -5.51% | -35.03% | 23 |
| IBM Intl Business Machines | 0.75% | 235.59 | -1.34% | -0.04% | +6.25% | -20.01% | 61 |
| BAH Booz Allen Hamilton Holding Corp | 0.71% | 75.24 | +0.48% | -2.35% | +10.14% | -10.13% | 71 |
| ORCL Oracle Corp | 0.71% | 150.85 | -0.72% | +2.99% | +18.26% | -22.13% | 89 |
| MSFT Microsoft Corp | 0.70% | 513.53 | +1.68% | +6.27% | +13.84% | +6.43% | 81 |
| MDB Mongodb Inc Cl A | 0.69% | 446.62 | +1.37% | +3.67% | +37.05% | +6.42% | 94 |
| RGTI Rigetti Computing Inc | 0.69% | 15.59 | -5.17% | -12.95% | +4.91% | -29.62% | 58 |
| QUBT Quantum Computing Inc | 0.68% | 8.15 | -5.78% | -8.63% | +1.62% | -20.57% | 47 |
| ESTC Elastic N.V. | 0.66% | 99.91 | +19.31% | +16.26% | +55.50% | +32.44% | 98 |
| WIT Wipro Ltd ADR | 0.65% | 1.82 | +1.11% | -3.70% | -6.67% | -34.26% | 18 |
| RDNT Radnet Inc | 0.63% | 74.61 | -1.00% | -2.88% | +19.01% | +4.57% | 92 |
| BABA Alibaba Group Holding ADR | 0.61% | 118.90 | +2.23% | -0.37% | +2.22% | -18.88% | 50 |
| PLTR Palantir Technologies Cl A | 0.58% | 186.29 | +0.19% | +3.53% | +52.37% | +4.80% | 97 |
| BTQ Btq Technologies Corp | 0.54% | 3.33 | -9.26% | -5.40% | -5.93% | -34.96% | 19 |
| CRM Salesforce Inc | 0.54% | 256.00 | +1.57% | +22.39% | +41.66% | -3.12% | 95 |
| ACN Accenture Plc | 0.54% | 189.61 | +1.19% | +2.34% | +16.12% | -28.31% | 84 |
| ARQQ Arqit Quantum Inc | 0.40% | 20.04 | -6.62% | -5.20% | +13.16% | -8.41% | 79 |
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 2026-08-28: over 21 sessions the fund returned +5.64% while its median constituent returned +2.11% — a dispersion of 14.40 pp; 40% of 62 members beat the fund. Broad advance - breadth is rising with price.
How did QTUM's members trade in the last session?
As of 2026-08-28: fund -1.81%, median member -2.52%, 13 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 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.