Constituent dispersion · breadth vs the index
CIBR — First Trust Nasdaq Cybersecurity
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 | -1.44% | -0.17 | +3pp | -0.08pp | Confirming ↓ |
| 1 month | +4.59% | +0.83 | +6pp | +0.34pp | Confirming ↑ |
| 1 quarter | +32.17% | +3.76 | +20pp | +6.55pp | Confirming ↑ |
Over the last 126 sessions: price up +24.16%, breadth up (+5.59/name) · % beating 54→57 · median−ETF +1.25pp→+0.63pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.20% | +0.88% | +0.68pp | 24 / 17 | 24 / 17 | 13 of 41 | ±4.41% |
| 5d | -1.44% | -1.45% | -0.01pp | 18 / 23 | 20 / 21 | 4 of 41 | ±7.84% |
| 21d | +4.59% | +4.98% | +0.39pp | 29 / 12 | 23 / 18 | 7 of 41 | ±11% |
| YTD | +25.17% | +19.38% | -5.79pp | 27 / 13 | 17 / 23 | 0 of 40 | ±39.36% |
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)
- CRWD+0.94%+0.1pp
- IBM+5.21%+0.09pp
- ACN+6.88%+0.08pp
- CSCO+0.88%+0.08pp
- CHKP+3.68%+0.08pp
- CVLT-19.70%-0.15pp
- FTNT-1.58%-0.15pp
- FROG-5.91%-0.11pp
- RBRK-4.50%-0.09pp
- AVGO-0.60%-0.04pp
This month (21d)
- PANW+4.87%+0.5pp
- NET+11.32%+0.48pp
- CRWD+3.72%+0.39pp
- ZS+14.65%+0.36pp
- NTAP+14.48%+0.36pp
- BB-29.04%-0.32pp
- IBM-16.23%-0.28pp
- FROG-12.73%-0.23pp
- CVLT-14.30%-0.11pp
- FTNT-0.91%-0.09pp
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)
- ACN+27.66%
- FSLY+21.57%
- BAH+17.63%
- LDOS+16.31%
- S+15.27%
- BB-29.04%
- IBM-16.23%
- CVLT-14.30%
- FROG-12.73%
- ATEN-10.46%
CIBR — constituent leadership race
$100 in each covered CIBR 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 — 41 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CRWD Crowdstrike Holdings | 10.55% | 181.80 | +0.94% | -4.89% | +3.72% | +55.13% | 37 |
| PANW Palo Alto Networks | 10.24% | 319.00 | +0.53% | -6.77% | +4.87% | +73.18% | 46 |
| FTNT Fortinet Inc | 9.41% | 149.98 | -1.58% | -5.14% | -0.91% | +88.87% | 27 |
| CSCO Cisco Systems Inc | 8.93% | 115.58 | +0.88% | +3.03% | +1.97% | +51.67% | 32 |
| AVGO Broadcom Ltd | 7.16% | 380.91 | -0.60% | -1.45% | +4.35% | +10.29% | 41 |
| NET Cloudflare Inc Cl A | 4.26% | 264.10 | -0.57% | -3.01% | +11.32% | +33.96% | 71 |
| AKAM Akamai Technologies | 3.54% | 111.79 | -0.94% | -10.50% | -1.32% | +28.13% | 20 |
| FFIV F5 Inc | 3.03% | 403.46 | -1.10% | -1.29% | +2.26% | +58.06% | 34 |
| DDOG Datadog Inc Cl A | 2.97% | 250.88 | -0.39% | -1.53% | +4.63% | +84.48% | 44 |
| OKTA Okta Inc Cl A | 2.94% | 136.21 | -0.89% | -3.88% | +9.60% | +57.52% | 59 |
| NTAP Netapp Inc | 2.46% | 174.53 | +2.79% | +5.29% | +14.48% | +64.61% | 80 |
| ZS Zscaler Inc | 2.44% | 151.63 | +2.94% | +1.96% | +14.65% | -32.58% | 85 |
| GEN Gen Digital Inc | 2.23% | 27.58 | +3.14% | +5.63% | +12.80% | +2.52% | 76 |
| CHKP Check Point Software | 2.11% | 137.64 | +3.68% | +5.50% | +5.84% | -25.82% | 54 |
| RBRK Rubrik Inc Cl A | 1.90% | 71.45 | -4.50% | -5.74% | -1.22% | -6.58% | 22 |
| FROG Jfrog Ltd | 1.81% | 76.43 | -5.91% | -11.70% | -12.73% | +22.37% | 7 |
| IBM Intl Business Machines | 1.71% | 227.55 | +5.21% | +8.10% | -16.23% | -22.74% | 2 |
| ANET Arista Networks Inc | 1.70% | 169.71 | -0.61% | -2.79% | +7.68% | +29.52% | 56 |
| DT Dynatrace Inc | 1.64% | 43.90 | +0.41% | +2.45% | +1.22% | +1.29% | 29 |
| GOOGL Alphabet Cl A | 1.63% | 333.71 | +2.19% | -3.87% | -1.09% | +6.69% | 24 |
| MSFT Microsoft Corp | 1.49% | 393.35 | +1.09% | -1.11% | +5.46% | -18.48% | 51 |
| BAH Booz Allen Hamilton Holding Corp | 1.36% | 73.19 | +2.16% | +14.63% | +17.63% | -12.58% | 93 |
| HO.FP Thales | 1.21% | 249.30 | +2.42% | +10.75% | +13.06% | +8.49% | 78 |
| INFY Infosys Ltd ADR | 1.19% | 12.35 | +5.56% | +10.66% | +14.56% | -29.20% | 83 |
| ACN Accenture Plc | 1.17% | 164.66 | +6.88% | +16.90% | +27.66% | -37.75% | 98 |
| BB Blackberry Ltd | 1.10% | 8.09 | -3.92% | -10.01% | -29.04% | +113.46% | 0 |
| LDOS Leidos Holdings Inc | 0.97% | 118.36 | +2.97% | +12.81% | +16.31% | -34.23% | 90 |
| ESTC Elastic N.V. | 0.94% | 62.10 | +1.40% | +3.19% | +10.42% | -17.68% | 66 |
| OTEX.TO Open Text Corporation | 0.93% | 34.97 | +4.79% | +8.91% | +11.73% | -19.99% | 73 |
| S Sentinelone Inc Cl A | 0.88% | 18.34 | +1.10% | -2.50% | +15.27% | +22.27% | 88 |
| SAIC Science Applications International | 0.81% | 121.59 | +2.62% | +8.74% | +10.25% | +21.66% | 63 |
| CVLT Commvault Systems | 0.77% | 120.02 | -19.70% | -18.07% | -14.30% | -4.26% | 5 |
| VRNS Varonis Systems Inc | 0.60% | 44.67 | -4.29% | -3.27% | +10.84% | +36.19% | 68 |
| QLYS Qualys Inc | 0.57% | 135.75 | +0.71% | -5.58% | +10.12% | +2.14% | 61 |
| TENB Tenable Holdings Inc | 0.50% | 31.37 | -3.30% | -7.98% | +3.81% | +33.32% | 39 |
| FSLY Fastly Inc | 0.47% | 20.80 | +3.79% | +0.34% | +21.57% | — | 95 |
| NTCT Netscout Systems | 0.43% | 39.69 | -0.73% | -4.93% | -4.57% | +46.67% | 15 |
| ATEN A10 Networks Inc | 0.30% | 31.32 | -6.42% | -14.03% | -10.46% | +77.95% | 10 |
| ZD Ziff Davis Inc | 0.26% | 52.93 | +1.09% | +1.03% | +4.98% | +50.58% | 49 |
| RDWR Radware Ltd | 0.19% | 28.21 | -3.72% | -6.00% | -4.08% | +17.10% | 17 |
| ATO.FP Atos Se | 0.16% | 30.76 | +2.26% | +1.85% | -6.79% | -38.69% | 12 |
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.