Constituent dispersion · breadth vs the index
XLK — Technology 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 | -0.52% | +0.13 | -1pp | +0.33pp | Improving |
| 1 month | +7.32% | +2 | +12pp | +2.43pp | Confirming ↑ |
| 1 quarter | +9.65% | +1.36 | +5pp | +0.24pp | Confirming ↑ |
Over the last 126 sessions: price up +36.67%, breadth up (+5.75/name) · % beating 44→48 · median−ETF -3.08pp→-0.65pp.
Stocks above their moving average — participation breadth
Of the 72 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 2026-10-09.
New highs & new lows — by horizon
How many of the 72 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 | 24 (33%) | 18 (25%) | +6 |
| 1-Month | 14 (19%) | 3 (4%) | +11 |
| 3-Month | 12 (17%) | 0 (0%) | +12 |
| 6-Month | 10 (14%) | 0 (0%) | +10 |
| 52-Week | 8 (11%) | 0 (0%) | +8 |
| YTD | 10 (14%) | 0 (0%) | +10 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.51% | +0.68% | +0.18pp | 46 / 26 | 39 / 33 | 25 of 72 | ±2.41% |
| 5d | -0.52% | +0.93% | +1.45pp | 42 / 30 | 43 / 29 | 8 of 72 | ±6.84% |
| 21d | +7.32% | +6.65% | -0.67pp | 52 / 20 | 34 / 38 | 5 of 72 | ±13.91% |
| YTD | +38.41% | +24.88% | -13.52pp | 52 / 20 | 33 / 39 | 0 of 72 | ±99.69% |
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)
- MSFT+2.38%+0.18pp
- PLTR+5.17%+0.1pp
- CSCO+3.05%+0.09pp
- ORCL+4.21%+0.08pp
- PANW+5.09%+0.07pp
- AAPL-1.11%-0.13pp
- AMD-2.03%-0.11pp
- INTC-2.22%-0.08pp
- NVDA-0.52%-0.07pp
- MU-0.66%-0.05pp
This month (21d)
- AMD+20.75%+1.11pp
- MSFT+8.66%+0.66pp
- NVDA+5.00%+0.66pp
- PLTR+26.04%+0.49pp
- MU+5.28%+0.37pp
- WDC-13.81%-0.17pp
- ORCL-7.55%-0.15pp
- SNDK-6.54%-0.12pp
- STX-9.20%-0.12pp
- APP-11.91%-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)
- PTC+51.06%
- CIEN+34.44%
- HPE+33.37%
- DDOG+32.27%
- CRWD+31.69%
- FICO-30.51%
- GEN-22.42%
- FSLR-14.17%
- WDC-13.81%
- APP-11.91%
XLK — constituent leadership race
$100 in each covered XLK 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 — 72 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| NVDA Nvidia Corp | 13.14% | 229.28 | -0.52% | -2.00% | +5.00% | +23.09% | 42 |
| AAPL Apple Inc | 11.26% | 336.64 | -1.11% | +0.88% | +3.08% | +23.94% | 39 |
| MSFT Microsoft Corp | 7.64% | 535.07 | +2.38% | +3.39% | +8.66% | +10.89% | 56 |
| MU Micron Technology | 7.09% | 1029.00 | -0.66% | -4.27% | +5.28% | +260.69% | 44 |
| AMD Adv Micro Devices | 5.35% | 608.10 | -2.03% | -4.07% | +20.75% | +183.95% | 83 |
| AVGO Broadcom Ltd | 4.77% | 361.54 | +0.39% | +1.80% | +0.20% | +4.68% | 29 |
| INTC Intel Corp | 3.75% | 104.70 | -2.22% | -12.26% | +4.37% | +183.74% | 40 |
| CSCO Cisco Systems Inc | 3.07% | 118.39 | +3.05% | +5.52% | +10.19% | +55.35% | 61 |
| LRCX Lam Research Corp | 2.94% | 318.84 | -0.55% | -8.24% | +6.99% | +86.61% | 51 |
| AMAT Applied Materials | 2.89% | 507.03 | -0.50% | -6.11% | +11.68% | +97.54% | 67 |
| KLAC K L A-Tencor Corp | 2.14% | 195.57 | -0.58% | -5.47% | +10.38% | +61.55% | 63 |
| ORCL Oracle Corp | 2.00% | 141.40 | +4.21% | -0.63% | -7.55% | -27.01% | 10 |
| PLTR Palantir Technologies Cl A | 1.88% | 209.05 | +5.17% | +10.75% | +26.04% | +17.61% | 89 |
| SNDK Sandisk Corp | 1.88% | 1581.82 | -1.72% | -8.03% | -6.54% | +566.37% | 11 |
| TXN Texas Instruments | 1.75% | 283.74 | -1.55% | -3.42% | +9.63% | +64.62% | 60 |
| IBM Intl Business Machines | 1.63% | 227.13 | +0.23% | +2.02% | -2.94% | -22.88% | 19 |
| PANW Palo Alto Networks | 1.45% | 418.78 | +5.09% | +3.85% | +23.72% | +127.35% | 86 |
| QCOM Qualcomm Inc | 1.45% | 175.50 | -0.29% | -5.07% | -0.78% | +3.26% | 24 |
| ADI Analog Devices | 1.31% | 406.19 | +0.06% | -2.63% | +12.44% | +50.24% | 71 |
| STX Seagate Technology Holdings | 1.30% | 783.00 | +1.05% | -7.77% | -9.20% | +184.82% | 7 |
| WDC Western Digital Corp | 1.22% | 397.28 | +1.01% | -4.34% | -13.81% | +130.73% | 4 |
| APH Amphenol Corp | 1.21% | 87.24 | +2.25% | +0.32% | +8.71% | +29.56% | 57 |
| CRWD Crowdstrike Holdings | 1.10% | 275.04 | +4.57% | +1.85% | +31.69% | +134.70% | 93 |
| ANET Arista Networks Inc | 1.08% | 216.74 | +2.73% | +4.53% | +14.68% | +65.41% | 74 |
| CRM Salesforce Inc | 1.00% | 229.13 | +0.58% | -2.37% | -5.54% | -13.29% | 14 |
| GLW Corning Inc | 0.90% | 156.68 | +2.52% | -4.57% | -3.95% | +79.27% | 17 |
| APP Applovin Corp Cl A | 0.86% | 277.04 | -1.10% | +3.29% | -11.91% | -58.89% | 6 |
| DELL Dell Technologies Inc | 0.75% | 586.06 | +2.00% | +4.18% | +15.68% | +369.05% | 75 |
| NOW Servicenow Inc | 0.69% | 140.86 | +0.79% | +4.82% | +7.39% | -8.05% | 53 |
| CDNS Cadence Design Sys | 0.67% | 352.84 | +1.15% | +0.42% | +23.83% | +12.88% | 88 |
| ACN Accenture Plc | 0.67% | 209.06 | +0.34% | +5.11% | +17.51% | -20.96% | 78 |
| FTNT Fortinet Inc | 0.59% | 194.75 | +2.99% | +7.63% | +22.60% | +145.25% | 85 |
| SNPS Synopsys Inc | 0.56% | 509.99 | +2.46% | +4.10% | +28.41% | +8.57% | 90 |
| ADBE Adobe Systems Inc | 0.54% | 242.27 | +0.51% | +1.93% | -2.64% | -30.78% | 21 |
| INTU Intuit Inc | 0.49% | 302.75 | -0.37% | +8.21% | -3.20% | -54.07% | 18 |
| MPWR Monolithic Power Sys | 0.49% | 1386.29 | +1.20% | -3.71% | +16.88% | +53.26% | 76 |
| NXPI Nxp Semiconductors | 0.49% | 227.52 | -1.54% | -6.62% | +0.92% | +5.36% | 32 |
| DDOG Datadog Inc Cl A | 0.48% | 293.26 | +7.11% | +5.79% | +32.27% | +115.65% | 94 |
| COHR Coherent Corp | 0.46% | 312.62 | +3.40% | -7.25% | +6.63% | +69.38% | 49 |
| MSI Motorola Solutions | 0.44% | 444.18 | -0.66% | -0.72% | -4.00% | +16.18% | 15 |
| LITE Lumentum Holdings | 0.42% | 1103.36 | +5.22% | +1.65% | +17.92% | +199.34% | 81 |
| HPE Hewlett Packard Enterprise | 0.41% | 73.46 | +3.46% | +5.96% | +33.37% | +207.80% | 96 |
| TER Teradyne Inc | 0.41% | 402.68 | +0.99% | -10.32% | +8.78% | +108.13% | 58 |
| CIEN Ciena Corp | 0.40% | 449.77 | +5.60% | +14.93% | +34.44% | +92.32% | 97 |
| TEL Te Connectivity Ltd | 0.40% | 218.29 | +1.86% | -0.94% | +6.68% | -3.39% | 50 |
| KEYS Keysight Technologies | 0.39% | 382.75 | +2.16% | -0.49% | +17.53% | +88.37% | 79 |
| MCHP Microchip Technology | 0.33% | 75.55 | +0.04% | -7.10% | +5.55% | +19.26% | 46 |
| ON On Semiconductor | 0.30% | 77.53 | -2.37% | -8.67% | +10.49% | +43.18% | 64 |
| ADSK Autodesk Inc | 0.27% | 235.35 | +0.75% | +11.01% | +11.22% | -20.49% | 65 |
| JBL Jabil Circuit | 0.26% | 306.28 | +2.38% | +0.61% | +1.15% | +34.39% | 33 |
| ROP Roper Industries | 0.23% | 364.09 | -0.04% | +2.76% | -6.30% | -17.83% | 13 |
| NTAP Netapp Inc | 0.21% | 237.15 | +2.87% | +5.04% | +29.17% | +123.67% | 92 |
| Q Qnity Electronics Inc | 0.20% | 126.60 | -0.06% | -3.71% | +2.66% | +55.23% | 36 |
| TDY Teledyne Technologies | 0.19% | 613.66 | +1.46% | -0.57% | +2.88% | +20.15% | 38 |
| FSLR First Solar Inc | 0.18% | 177.82 | -0.58% | +1.84% | -14.17% | -31.93% | 3 |
| FICO Fair Isaac and Company | 0.18% | 667.58 | -5.63% | +0.96% | -30.51% | -60.51% | 0 |
| WDAY Workday Inc | 0.18% | 186.59 | -0.65% | +0.24% | +0.81% | -13.13% | 31 |
| CTSH Cognizant Tech Sol | 0.16% | 59.20 | -1.35% | +1.18% | +1.51% | -28.31% | 35 |
| HPQ HP Inc | 0.15% | 32.44 | +0.62% | +0.90% | +0.15% | +47.96% | 28 |
| VRSN Verisign Inc | 0.15% | 303.74 | +2.00% | +5.35% | +5.15% | +25.82% | 43 |
| FFIV F5 Inc | 0.14% | 479.83 | +3.94% | +5.68% | +20.42% | +87.98% | 82 |
| AKAM Akamai Technologies | 0.12% | 106.95 | +6.00% | -1.81% | -0.17% | +22.58% | 26 |
| CDW CDW Corp | 0.11% | 142.17 | +1.64% | +6.66% | -0.30% | +5.53% | 25 |
| SMCI Super Micro Computer | 0.10% | 41.86 | -2.14% | -4.20% | +11.97% | +43.00% | 68 |
| PTC Ptc Inc | 0.09% | 194.45 | +0.37% | +35.01% | +51.06% | +11.62% | 99 |
| GEN Gen Digital Inc | 0.09% | 23.25 | +2.20% | +5.73% | -22.42% | -13.57% | 1 |
| TYL Tyler Technologies | 0.08% | 329.55 | -0.48% | +2.09% | -1.77% | -27.40% | 22 |
| TRMB Trimble Navigation | 0.08% | 60.09 | +0.40% | +4.47% | +5.72% | -23.31% | 47 |
| ZBRA Zebra Technologies | 0.07% | 387.18 | +1.32% | +3.01% | +12.55% | +59.45% | 72 |
| SWKS Skyworks Solutions | 0.07% | 76.35 | -5.45% | -10.21% | -9.14% | +22.90% | 8 |
| IT Gartner Inc | 0.07% | 191.15 | -2.18% | +3.44% | +12.03% | -24.23% | 69 |
| GDDY Godaddy Inc | 0.07% | 104.35 | +1.12% | +7.34% | +8.28% | -15.90% | 54 |
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
XLK dispersion — data Q&A
Is XLK's move broad or carried by a few names (21 sessions)?
As of 2026-10-09: over 21 sessions the fund returned +7.32% while its median constituent returned +6.65% — a dispersion of 13.91 pp; 47% of 72 members beat the fund. Broad advance - breadth is rising with price.
How did XLK's members trade in the last session?
As of 2026-10-09: fund +0.51%, median member +0.68%, 46 advancers vs 26 decliners.
What does the dispersion page for XLK 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. 72 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.