Constituent dispersion · breadth vs the index
XLF — Financial Select Sector
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 | +2.17% | +1.04 | +0pp | -0.53pp | Confirming ↑ |
| 1 month | -3.51% | -2.33 | -6pp | -1.13pp | Confirming ↓ |
| 1 quarter | -2.01% | -2.25 | -11pp | -1.44pp | Confirming ↓ |
Over the last 126 sessions: price up +7.25%, breadth up (+2.41/name) · % beating 46→43 · median−ETF -0.66pp→-1.21pp.
Stocks above their moving average — participation breadth
Of the 76 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 2026-10-12.
New highs & new lows — by horizon
How many of the 76 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 | 42 (55%) | 3 (4%) | +39 |
| 1-Month | 10 (13%) | 2 (3%) | +8 |
| 3-Month | 2 (3%) | 1 (1%) | +1 |
| 6-Month | 2 (3%) | 0 (0%) | +2 |
| 52-Week | 2 (3%) | 0 (0%) | +2 |
| YTD | 2 (3%) | 0 (0%) | +2 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.58% | +0.60% | +0.01pp | 63 / 12 | 39 / 37 | 67 of 76 | ±0.69% |
| 5d | +2.17% | +1.68% | -0.49pp | 57 / 19 | 34 / 42 | 24 of 76 | ±2.33% |
| 21d | -3.50% | -4.71% | -1.21pp | 21 / 55 | 33 / 43 | 10 of 76 | ±5.35% |
| YTD | +1.03% | +2.35% | +1.32pp | 43 / 33 | 42 / 34 | 4 of 76 | ±16.5% |
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)
- V+0.99%+0.07pp
- C+1.76%+0.06pp
- MA+1.01%+0.05pp
- BRK.B+0.38%+0.05pp
- JPM+0.39%+0.04pp
- CME-1.18%-0.02pp
- WFC-0.28%-0.01pp
- CBOE-2.23%-0.01pp
- GS-0.15%-0.01pp
- TROW-1.11%0pp
This month (21d)
- V+5.08%+0.36pp
- MA+4.55%+0.24pp
- BRK.B+1.42%+0.17pp
- CB+2.01%+0.03pp
- CBOE+5.81%+0.02pp
- JPM-6.16%-0.7pp
- BAC-12.94%-0.63pp
- GS-13.14%-0.55pp
- MS-11.36%-0.39pp
- WFC-7.72%-0.26pp
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)
- FDS+11.15%
- CBOE+5.81%
- V+5.08%
- MA+4.55%
- WRB+4.44%
- GS-13.14%
- BAC-12.94%
- BNY-12.18%
- MS-11.36%
- FISV-10.72%
XLF — constituent leadership race
$100 in each covered XLF constituent at 2025-12-24, 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 — 76 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| BRK.B Berkshire Hathaway Cl B | 11.80% | 517.60 | +0.38% | +2.65% | +1.42% | +2.97% | 83 |
| JPM JP Morgan Chase & Company | 11.38% | 334.30 | +0.39% | +1.08% | -6.16% | +4.75% | 42 |
| V Visa Inc | 7.13% | 389.27 | +0.99% | +5.29% | +5.08% | +11.22% | 96 |
| MA Mastercard Inc | 5.25% | 595.09 | +1.01% | +5.56% | +4.55% | +4.58% | 95 |
| BAC Bank of America Corp | 4.89% | 54.58 | +0.48% | +1.07% | -12.94% | -0.20% | 1 |
| GS Goldman Sachs Group | 4.19% | 893.95 | -0.15% | +0.05% | -13.14% | +2.24% | 0 |
| WFC Wells Fargo & Company | 3.41% | 83.32 | -0.28% | +2.31% | -7.72% | -10.16% | 33 |
| MS Morgan Stanley | 3.39% | 190.02 | +0.00% | -0.09% | -11.36% | +8.20% | 4 |
| C Citigroup Inc | 3.21% | 131.92 | +1.76% | +2.62% | -4.97% | +14.18% | 46 |
| AXP American Express Company | 2.29% | 311.53 | +1.09% | +2.79% | -4.05% | -15.34% | 51 |
| SCHW The Charles Schwab Corp | 2.00% | 97.06 | +0.37% | -0.92% | -9.50% | -2.52% | 13 |
| BLK Blackrock Inc | 1.96% | 1083.92 | +0.14% | +1.64% | +0.40% | +1.83% | 76 |
| SPGI S&P Global Inc | 1.69% | 412.19 | +1.07% | +5.44% | +0.36% | -20.76% | 75 |
| CB Chubb Ltd | 1.57% | 345.06 | +1.13% | +4.41% | +2.01% | +10.88% | 84 |
| PGR Progressive Corp | 1.57% | 220.28 | +1.31% | +3.60% | +1.22% | +2.93% | 82 |
| COF Capital One Financial Corp | 1.52% | 201.14 | +0.94% | +3.07% | -3.44% | -16.33% | 57 |
| BNY Bank of New York Mellon Corp | 1.30% | 142.85 | +0.10% | -0.63% | -12.18% | +24.09% | 3 |
| CME CME Group | 1.28% | 277.24 | -1.18% | +2.67% | +0.62% | +3.95% | 79 |
| PNC PNC Bank | 1.26% | 221.26 | +0.94% | +0.44% | -9.41% | +7.64% | 16 |
| BX Blackstone Inc | 1.21% | 114.78 | +0.43% | +2.80% | -10.68% | -23.97% | 7 |
| USB U.S. Bancorp | 1.21% | 57.42 | +0.60% | +0.26% | -8.63% | +8.72% | 24 |
| MRSH Marsh & Mclennan Companies | 1.07% | 176.54 | +0.44% | +3.59% | -0.21% | -3.87% | 71 |
| ICE Intercontinental Exchange | 1.05% | 157.42 | +0.79% | +3.46% | +0.35% | -2.49% | 74 |
| HOOD Robinhood Markets Inc Cl A | 0.97% | 109.22 | +0.18% | -4.29% | -2.98% | -3.43% | 61 |
| AON AON Plc | 0.95% | 274.78 | +0.48% | +1.00% | -9.22% | -21.76% | 21 |
| MCO Moody's Corp | 0.90% | 470.50 | +1.35% | +4.99% | -0.94% | -7.48% | 68 |
| KKR KKR & Company LP | 0.87% | 91.51 | +0.62% | +1.72% | -9.47% | -27.94% | 14 |
| TRV The Travelers Companies | 0.87% | 371.68 | +0.79% | +3.04% | -0.94% | +28.61% | 67 |
| TFC Truist Financial Corp | 0.86% | 46.64 | +1.15% | +0.67% | -7.46% | -3.25% | 36 |
| APO Apollo Asset Management | 0.82% | 119.22 | +0.48% | +3.36% | -7.57% | -16.96% | 34 |
| ALL Allstate Corp | 0.76% | 232.60 | +1.38% | +3.51% | -8.32% | +12.90% | 26 |
| AJG Arthur J. Gallagher & Company | 0.74% | 233.92 | +0.52% | +2.94% | -2.66% | -9.03% | 62 |
| AFL Aflac Inc | 0.72% | 115.89 | +1.18% | +3.12% | +0.53% | +6.20% | 78 |
| FITB Fifth Third Bancorp | 0.65% | 50.82 | +0.36% | +0.04% | -7.13% | +9.55% | 39 |
| MET Metlife Inc | 0.64% | 100.17 | +1.87% | +3.40% | +3.12% | +28.78% | 88 |
| STT State Street Corp | 0.62% | 174.93 | -0.02% | -0.82% | -9.55% | +37.39% | 12 |
| MSCI MSCI Inc | 0.58% | 568.01 | +0.51% | +2.84% | +2.42% | -0.25% | 86 |
| AMP Ameriprise Financial Services | 0.55% | 500.02 | -0.10% | +1.03% | -10.33% | +2.65% | 9 |
| IBKR Interactive Brokers | 0.53% | 87.89 | +0.02% | -1.30% | -3.81% | +36.95% | 54 |
| AIG American International Group | 0.53% | 77.70 | +0.86% | +3.43% | +3.83% | -8.64% | 91 |
| NDAQ Nasdaq Inc | 0.53% | 94.29 | +0.68% | +2.28% | +3.40% | -2.62% | 89 |
| PYPL Paypal Holdings | 0.50% | 56.05 | +0.94% | +3.01% | +4.34% | -3.70% | 92 |
| XYZ Block Inc | 0.50% | 76.82 | -0.54% | +0.77% | -3.02% | +18.02% | 59 |
| PRU Prudential Financial Inc | 0.50% | 113.39 | +0.27% | -0.08% | -4.91% | +3.22% | 47 |
| HIG The Hartford Insurance Group | 0.48% | 130.19 | +0.84% | +3.15% | -4.52% | -4.67% | 50 |
| COIN Coinbase Global Cl A | 0.47% | 180.39 | +0.56% | -4.16% | +2.93% | -20.23% | 87 |
| HBAN Huntington Bancshares | 0.47% | 15.40 | +0.52% | +0.72% | -7.76% | -10.34% | 32 |
| MTB M&T Bank Corp | 0.46% | 219.89 | +1.10% | +0.75% | -8.31% | +10.67% | 28 |
| ACGL Arch Capital Grp Ltd | 0.43% | 97.16 | +1.66% | +2.97% | +1.11% | +1.29% | 80 |
| NTRS Northern Trust Corp | 0.43% | 169.21 | +0.59% | -0.86% | -10.56% | +25.15% | 8 |
| CBOE CBOE Global Markets | 0.41% | 297.38 | -2.23% | +7.18% | +5.81% | +19.02% | 97 |
| FISV Fiserv Inc | 0.38% | 46.05 | +0.92% | -0.20% | -10.72% | -31.44% | 5 |
| CFG Citizens Financial Group | 0.38% | 63.90 | +0.52% | -0.64% | -9.34% | +10.96% | 18 |
| ARES Ares Management LP | 0.37% | 118.15 | +0.79% | +0.87% | -9.30% | -25.91% | 20 |
| RJF Raymond James Financial | 0.36% | 158.65 | +0.17% | -1.34% | -8.54% | -0.50% | 25 |
| CINF Cincinnati Financial | 0.35% | 165.55 | +1.32% | +2.10% | -2.50% | +1.96% | 64 |
| SYF Synchrony Financial | 0.34% | 73.62 | +1.13% | +2.42% | -3.12% | -11.04% | 58 |
| RF Regions Financial Corp | 0.33% | 27.37 | +1.26% | +1.11% | -9.16% | +2.94% | 22 |
| WTW Willis Towers Watson Public | 0.33% | 298.43 | +0.73% | +3.58% | -5.44% | -8.88% | 45 |
| CPAY Corpay Inc | 0.33% | 397.67 | -0.06% | -1.01% | -2.58% | +32.15% | 63 |
| TROW T Rowe Price Group | 0.31% | 103.99 | -1.11% | +0.06% | -0.95% | +3.09% | 66 |
| PFG Principal Financial Group | 0.29% | 107.84 | +0.56% | -2.87% | -7.17% | +24.34% | 37 |
| KEY Keycorp | 0.28% | 20.09 | +0.60% | -0.45% | -8.01% | -0.73% | 30 |
| WRB W.R. Berkley Corp | 0.27% | 72.90 | +1.38% | +4.49% | +4.44% | +5.04% | 93 |
| FIS Fidelity National Information Services | 0.27% | 34.26 | +0.65% | +2.03% | -10.17% | -48.01% | 11 |
| L Loews Corp | 0.24% | 107.78 | +1.02% | +2.00% | -0.93% | +2.46% | 70 |
| BRO Brown & Brown | 0.23% | 63.65 | +1.22% | +4.46% | -3.84% | -19.72% | 53 |
| GPN Global Payments Inc | 0.21% | 82.06 | -0.17% | -0.15% | -7.06% | +6.37% | 41 |
| EG Everest Re Group | 0.18% | 372.53 | +1.13% | +1.56% | +0.22% | +10.46% | 72 |
| GL Globe Life Inc | 0.17% | 165.12 | +0.58% | -0.48% | -3.53% | +18.57% | 55 |
| AIZ Assurant Inc | 0.17% | 268.63 | +0.80% | +0.83% | -4.90% | +11.99% | 49 |
| IVZ Invesco Limited | 0.17% | 29.26 | -0.85% | -4.07% | -9.36% | +13.16% | 17 |
| BEN Franklin Resources | 0.13% | 31.81 | -0.59% | -3.25% | -5.47% | +35.10% | 43 |
| JKHY Jack Henry & Assoc | 0.12% | 149.63 | +0.21% | +3.11% | -7.13% | -17.33% | 38 |
| FDS Factset Research Systems | 0.12% | 288.67 | +0.52% | +4.42% | +11.15% | +0.48% | 99 |
| ERIE Erie Indemnity Company | 0.08% | 225.06 | +1.36% | +1.63% | -8.15% | -20.62% | 29 |
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
XLF dispersion — data Q&A
Is XLF's move broad or carried by a few names (21 sessions)?
As of 2026-10-13: over 21 sessions the fund returned -3.50% while its median constituent returned -4.71% — a dispersion of 5.35 pp; 43% of 76 members beat the fund. Broad decline - breadth is falling with price.
How did XLF's members trade in the last session?
As of 2026-10-13: fund +0.58%, median member +0.60%, 63 advancers vs 12 decliners.
What does the dispersion page for XLF 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. 76 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.