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 | +1.08% | +0.38 | -3pp | -0.42pp | Confirming ↑ |
| 1 month | +1.93% | +0.49 | -6pp | -1.44pp | Confirming ↑ |
| 1 quarter | +12.64% | +5.61 | +6pp | +1.08pp | Confirming ↑ |
Over the last 126 sessions: price up +12.60%, breadth up (+7.29/name) · % beating 54→47 · median−ETF +0.90pp→-0.55pp.
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 2026-08-28.
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 | 11 (14%) | 18 (24%) | -7 |
| 1-Month | 4 (5%) | 4 (5%) | +0 |
| 3-Month | 2 (3%) | 0 (0%) | +2 |
| 6-Month | 1 (1%) | 0 (0%) | +1 |
| 52-Week | 0 (0%) | 0 (0%) | +0 |
| YTD | 1 (1%) | 0 (0%) | +1 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.38% | +0.13% | -0.25pp | 43 / 33 | 27 / 49 | 49 of 76 | ±2.02% |
| 5d | +1.08% | +0.67% | -0.41pp | 52 / 24 | 29 / 47 | 33 of 76 | ±2.22% |
| 21d | +1.93% | +1.38% | -0.55pp | 46 / 30 | 36 / 40 | 13 of 76 | ±5.79% |
| YTD | +6.63% | +7.35% | +0.73pp | 56 / 20 | 40 / 36 | 4 of 76 | ±16.6% |
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)
- JPM+0.96%+0.11pp
- BAC+1.88%+0.09pp
- WFC+2.02%+0.07pp
- SCHW+1.95%+0.04pp
- V+0.51%+0.04pp
- PYPL-12.71%-0.06pp
- HOOD-5.01%-0.05pp
- COIN-6.33%-0.03pp
- GS-0.66%-0.03pp
- BX-0.87%-0.01pp
This month (21d)
- V+4.19%+0.3pp
- JPM+1.93%+0.22pp
- HOOD+20.39%+0.2pp
- MA+3.11%+0.16pp
- BX+12.32%+0.15pp
- BRK.B-0.92%-0.11pp
- AFL-8.51%-0.06pp
- CB-2.92%-0.05pp
- PYPL-6.92%-0.03pp
- PNC-2.61%-0.03pp
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)
- HOOD+20.39%
- FDS+17.47%
- ARES+14.83%
- BX+12.32%
- APO+12.30%
- FIS-9.91%
- AFL-8.51%
- PYPL-6.92%
- TROW-6.74%
- WRB-6.73%
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% | 505.00 | +0.26% | +1.85% | -0.92% | +0.47% | 36 |
| JPM JP Morgan Chase & Company | 11.38% | 357.62 | +0.96% | +1.72% | +1.93% | +12.06% | 51 |
| V Visa Inc | 7.13% | 381.60 | +0.51% | +2.85% | +4.19% | +9.03% | 68 |
| MA Mastercard Inc | 5.25% | 595.30 | +0.60% | +2.53% | +3.11% | +4.61% | 63 |
| BAC Bank of America Corp | 4.89% | 62.32 | +1.88% | +1.02% | +0.96% | +13.95% | 46 |
| GS Goldman Sachs Group | 4.19% | 1033.99 | -0.66% | -0.51% | +0.89% | +18.25% | 43 |
| WFC Wells Fargo & Company | 3.41% | 86.69 | +2.02% | +3.40% | +2.06% | -6.53% | 53 |
| MS Morgan Stanley | 3.39% | 214.77 | -0.04% | +0.27% | +2.81% | +22.30% | 61 |
| C Citigroup Inc | 3.21% | 132.90 | +0.17% | +0.95% | +0.95% | +15.03% | 45 |
| AXP American Express Company | 2.29% | 333.20 | -0.29% | -0.83% | -1.28% | -9.45% | 33 |
| SCHW The Charles Schwab Corp | 2.00% | 110.16 | +1.95% | -1.91% | +5.59% | +10.63% | 76 |
| BLK Blackrock Inc | 1.96% | 1164.48 | -0.26% | +0.69% | +6.02% | +9.40% | 82 |
| SPGI S&P Global Inc | 1.69% | 442.89 | +1.72% | +2.92% | +6.72% | -14.86% | 83 |
| CB Chubb Ltd | 1.57% | 339.92 | +0.48% | -0.31% | -2.92% | +9.23% | 16 |
| PGR Progressive Corp | 1.57% | 218.64 | +0.45% | -0.29% | +2.51% | +2.16% | 58 |
| COF Capital One Financial Corp | 1.52% | 215.67 | -0.46% | -1.03% | +2.63% | -10.29% | 59 |
| BNY Bank of New York Mellon Corp | 1.30% | 162.50 | +0.16% | +2.53% | +4.11% | +41.16% | 67 |
| CME CME Group | 1.28% | 285.80 | +1.73% | +3.93% | +6.95% | +7.16% | 86 |
| PNC PNC Bank | 1.26% | 242.22 | -0.53% | -0.37% | -2.61% | +17.83% | 20 |
| BX Blackstone Inc | 1.21% | 142.39 | -0.87% | -0.69% | +12.32% | -5.68% | 95 |
| USB U.S. Bancorp | 1.21% | 62.47 | +0.11% | +0.68% | -0.68% | +18.28% | 38 |
| MRSH Marsh & Mclennan Companies | 1.07% | 192.64 | +1.39% | +0.33% | +0.59% | +4.90% | 41 |
| ICE Intercontinental Exchange | 1.05% | 162.33 | +0.68% | +0.67% | +3.88% | +0.55% | 66 |
| HOOD Robinhood Markets Inc Cl A | 0.97% | 104.26 | -5.01% | -3.58% | +20.39% | -7.82% | 99 |
| AON AON Plc | 0.95% | 355.40 | +1.67% | +0.08% | -2.83% | +1.20% | 17 |
| MCO Moody's Corp | 0.90% | 514.95 | +1.16% | +2.31% | +6.78% | +1.26% | 84 |
| KKR KKR & Company LP | 0.87% | 108.68 | -0.59% | +0.18% | +7.63% | -14.42% | 87 |
| TRV The Travelers Companies | 0.87% | 369.90 | +0.15% | +1.74% | -1.62% | +27.99% | 30 |
| TFC Truist Financial Corp | 0.86% | 50.43 | +0.26% | +0.02% | -3.04% | +4.61% | 14 |
| APO Apollo Asset Management | 0.82% | 135.04 | +1.20% | +1.77% | +12.30% | -5.94% | 93 |
| ALL Allstate Corp | 0.76% | 260.58 | +1.15% | +2.66% | -1.81% | +26.48% | 26 |
| AJG Arthur J. Gallagher & Company | 0.74% | 267.56 | +2.85% | +1.42% | +4.33% | +4.05% | 70 |
| AFL Aflac Inc | 0.72% | 116.52 | -0.05% | +0.39% | -8.51% | +6.78% | 1 |
| FITB Fifth Third Bancorp | 0.65% | 54.54 | -0.57% | -0.51% | -3.62% | +17.57% | 11 |
| MET Metlife Inc | 0.64% | 96.51 | +0.27% | +2.30% | +0.04% | +24.08% | 39 |
| STT State Street Corp | 0.62% | 193.33 | -0.02% | +3.31% | +5.75% | +51.85% | 79 |
| MSCI MSCI Inc | 0.58% | 570.76 | +0.28% | +1.29% | -0.86% | +0.24% | 37 |
| AMP Ameriprise Financial Services | 0.55% | 559.32 | +0.64% | +0.67% | +3.05% | +14.82% | 62 |
| IBKR Interactive Brokers | 0.53% | 95.84 | -0.74% | +2.10% | +5.92% | +49.34% | 80 |
| AIG American International Group | 0.53% | 76.93 | +0.39% | +1.06% | -2.48% | -9.55% | 21 |
| NDAQ Nasdaq Inc | 0.53% | 99.31 | -0.04% | +1.11% | +4.36% | +2.57% | 71 |
| PYPL Paypal Holdings | 0.50% | 53.66 | -12.71% | -12.82% | -6.92% | -7.81% | 3 |
| XYZ Block Inc | 0.50% | 83.57 | -1.51% | +1.72% | +1.19% | +28.39% | 49 |
| PRU Prudential Financial Inc | 0.50% | 119.79 | -0.48% | +0.02% | -2.43% | +9.05% | 22 |
| HIG The Hartford Insurance Group | 0.48% | 138.55 | +0.54% | +1.80% | -3.15% | +1.45% | 12 |
| COIN Coinbase Global Cl A | 0.47% | 178.64 | -6.33% | -4.21% | +9.21% | -21.00% | 88 |
| HBAN Huntington Bancshares | 0.47% | 16.92 | +0.36% | -0.65% | -0.94% | -1.49% | 34 |
| MTB M&T Bank Corp | 0.46% | 237.29 | -0.58% | -1.27% | -3.93% | +19.42% | 9 |
| ACGL Arch Capital Grp Ltd | 0.43% | 98.84 | +0.08% | -0.55% | -2.27% | +3.04% | 24 |
| NTRS Northern Trust Corp | 0.43% | 186.79 | +0.28% | +1.57% | +2.35% | +38.16% | 55 |
| CBOE CBOE Global Markets | 0.41% | 310.45 | -1.11% | +3.23% | +4.70% | +24.25% | 75 |
| FISV Fiserv Inc | 0.38% | 53.18 | +1.14% | +1.14% | -1.65% | -20.83% | 29 |
| CFG Citizens Financial Group | 0.38% | 69.71 | -0.67% | -0.21% | -2.82% | +21.05% | 18 |
| ARES Ares Management LP | 0.37% | 142.53 | +0.08% | +0.91% | +14.83% | -10.62% | 96 |
| RJF Raymond James Financial | 0.36% | 179.36 | +1.85% | +2.37% | +2.51% | +12.48% | 57 |
| CINF Cincinnati Financial | 0.35% | 171.97 | -0.32% | +2.19% | -1.58% | +5.92% | 32 |
| SYF Synchrony Financial | 0.34% | 78.05 | -2.35% | -1.79% | +1.58% | -5.69% | 50 |
| RF Regions Financial Corp | 0.33% | 30.33 | -0.23% | -0.26% | -1.69% | +14.07% | 28 |
| WTW Willis Towers Watson Public | 0.33% | 343.75 | +1.23% | +0.51% | +2.29% | +4.96% | 54 |
| CPAY Corpay Inc | 0.33% | 407.88 | +1.04% | -2.22% | +4.55% | +35.54% | 74 |
| TROW T Rowe Price Group | 0.31% | 111.24 | -1.00% | -0.24% | -6.74% | +10.27% | 4 |
| PFG Principal Financial Group | 0.29% | 111.41 | -0.68% | +0.60% | -2.23% | +28.45% | 25 |
| KEY Keycorp | 0.28% | 21.91 | -0.50% | +0.18% | -3.10% | +8.27% | 13 |
| WRB W.R. Berkley Corp | 0.27% | 68.44 | +0.15% | -0.23% | -6.73% | -1.39% | 5 |
| FIS Fidelity National Information Services | 0.27% | 41.44 | +2.19% | +0.24% | -9.91% | -37.11% | 0 |
| L Loews Corp | 0.24% | 109.72 | -0.09% | -0.10% | -5.71% | +4.31% | 7 |
| BRO Brown & Brown | 0.23% | 73.31 | +2.69% | +0.53% | +3.44% | -7.54% | 64 |
| GPN Global Payments Inc | 0.21% | 91.82 | -0.99% | -1.79% | +5.73% | +19.02% | 78 |
| EG Everest Re Group | 0.18% | 377.61 | -0.01% | +2.04% | +0.60% | +11.97% | 42 |
| GL Globe Life Inc | 0.17% | 172.79 | -1.70% | +1.00% | -5.57% | +24.08% | 8 |
| AIZ Assurant Inc | 0.17% | 285.65 | +0.08% | +0.57% | +1.13% | +19.08% | 47 |
| IVZ Invesco Limited | 0.17% | 32.86 | -1.35% | +2.62% | +11.69% | +27.08% | 92 |
| BEN Franklin Resources | 0.13% | 34.65 | -0.49% | +0.99% | +4.46% | +47.16% | 72 |
| JKHY Jack Henry & Assoc | 0.12% | 169.73 | +0.05% | +2.12% | +10.04% | -6.23% | 89 |
| FDS Factset Research Systems | 0.12% | 308.98 | +1.48% | +3.02% | +17.47% | +7.55% | 97 |
| ERIE Erie Indemnity Company | 0.08% | 260.40 | +0.37% | -1.68% | +11.44% | -8.16% | 91 |
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 2026-08-28: over 21 sessions the fund returned +1.93% while its median constituent returned +1.38% — a dispersion of 5.79 pp; 47% of 76 members beat the fund. Broad advance - breadth is rising with price.
How did XLF's members trade in the last session?
As of 2026-08-28: fund +0.38%, median member +0.13%, 43 advancers vs 33 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 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.