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 | -2.66% | -0.15 | +5pp | +0.27pp | Confirming ↓ |
| 1 month | -12.22% | -0.1 | +14pp | +5.85pp | Confirming ↓ |
| 1 quarter | -5.74% | -0.71 | +8pp | +2.58pp | Confirming ↓ |
Over the last 126 sessions: price up +24.76%, breadth up (+4.68/name) · % beating 41→59 · median−ETF -9.42pp→+3.53pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.05% | -0.05% | +0.01pp | 20 / 21 | 21 / 20 | 20 of 41 | ±2.83% |
| 5d | -2.66% | -3.26% | -0.59pp | 17 / 24 | 20 / 21 | 4 of 41 | ±8.48% |
| 21d | -12.22% | -8.66% | +3.56pp | 17 / 24 | 25 / 16 | 2 of 41 | ±17.31% |
| YTD | +32.67% | +29.99% | -2.68pp | 29 / 11 | 18 / 22 | 3 of 40 | ±40.41% |
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)
- AVGO+3.91%+0.28pp
- NET+4.10%+0.17pp
- AKAM+4.26%+0.15pp
- FTNT+0.90%+0.08pp
- HO.FP+1.75%+0.02pp
- PANW-1.37%-0.14pp
- CRWD-1.23%-0.13pp
- FROG-4.28%-0.08pp
- QLYS-13.51%-0.08pp
- ZS-2.07%-0.05pp
This month (21d)
- GEN+28.52%+0.64pp
- BAH+18.73%+0.25pp
- ACN+21.28%+0.25pp
- INFY+16.25%+0.19pp
- CHKP+7.63%+0.16pp
- FTNT-35.95%-3.38pp
- PANW-19.18%-1.96pp
- CRWD-14.16%-1.49pp
- CSCO-14.90%-1.33pp
- DDOG-37.90%-1.13pp
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)
- GEN+28.52%
- ACN+21.28%
- BAH+18.73%
- ATO.FP+16.54%
- INFY+16.25%
- FSLY-38.55%
- DDOG-37.90%
- FTNT-35.95%
- DT-33.35%
- FFIV-32.98%
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% | 225.76 | -1.23% | -7.73% | -14.16% | +92.64% | 29 |
| PANW Palo Alto Networks | 10.24% | 326.36 | -1.37% | -6.81% | -19.18% | +77.18% | 20 |
| FTNT Fortinet Inc | 9.41% | 123.57 | +0.90% | -3.54% | -35.95% | +55.61% | 5 |
| CSCO Cisco Systems Inc | 8.93% | 98.15 | -0.51% | -4.68% | -14.90% | +28.79% | 27 |
| AVGO Broadcom Ltd | 7.16% | 331.98 | +3.91% | -0.05% | -6.41% | -3.88% | 51 |
| NET Cloudflare Inc Cl A | 4.26% | 305.80 | +4.10% | +11.76% | -12.85% | +55.11% | 34 |
| AKAM Akamai Technologies | 3.54% | 83.71 | +4.26% | -3.26% | -17.65% | -4.06% | 24 |
| FFIV F5 Inc | 3.03% | 317.31 | -0.14% | -4.18% | -32.98% | +24.31% | 10 |
| DDOG Datadog Inc Cl A | 2.97% | 178.40 | -0.68% | -19.10% | -37.90% | +31.19% | 2 |
| OKTA Okta Inc Cl A | 2.94% | 178.36 | +0.44% | -5.97% | -21.45% | +106.27% | 15 |
| NTAP Netapp Inc | 2.46% | 175.99 | -0.05% | -7.75% | -26.42% | +65.99% | 12 |
| ZS Zscaler Inc | 2.44% | 194.92 | -2.07% | -13.40% | -13.67% | -13.34% | 32 |
| GEN Gen Digital Inc | 2.23% | 30.01 | +0.70% | +1.01% | +28.52% | +11.56% | 98 |
| CHKP Check Point Software | 2.11% | 144.57 | +0.42% | +1.61% | +7.63% | -22.09% | 71 |
| RBRK Rubrik Inc Cl A | 1.90% | 109.34 | -1.69% | -6.15% | -8.89% | +42.97% | 44 |
| FROG Jfrog Ltd | 1.81% | 103.55 | -4.28% | +17.02% | +4.57% | +65.79% | 66 |
| IBM Intl Business Machines | 1.71% | 244.53 | +0.05% | -1.53% | +7.71% | -16.98% | 73 |
| ANET Arista Networks Inc | 1.70% | 185.02 | -0.62% | +8.89% | -12.26% | +41.20% | 37 |
| DT Dynatrace Inc | 1.64% | 43.49 | -1.09% | -7.53% | -33.35% | +0.35% | 7 |
| GOOGL Alphabet Cl A | 1.63% | 287.38 | -0.27% | +2.62% | -18.52% | -8.12% | 22 |
| MSFT Microsoft Corp | 1.49% | 533.16 | -2.20% | +2.34% | -1.48% | +10.50% | 56 |
| BAH Booz Allen Hamilton Holding Corp | 1.36% | 87.42 | +0.83% | +0.46% | +18.73% | +4.42% | 93 |
| HO.FP Thales | 1.21% | 232.70 | +1.75% | -0.13% | +4.54% | +1.26% | 63 |
| INFY Infosys Ltd ADR | 1.19% | 12.59 | +1.61% | +5.53% | +16.25% | -27.82% | 88 |
| ACN Accenture Plc | 1.17% | 258.51 | +1.63% | +1.55% | +21.28% | -2.26% | 95 |
| BB Blackberry Ltd | 1.10% | 9.14 | -0.87% | +11.60% | +8.17% | +141.16% | 78 |
| LDOS Leidos Holdings Inc | 0.97% | 137.24 | +1.09% | +1.87% | +12.86% | -23.74% | 83 |
| ESTC Elastic N.V. | 0.94% | 87.25 | -3.33% | -3.56% | -8.66% | +15.65% | 49 |
| OTEX.TO Open Text Corporation | 0.93% | 34.86 | -0.91% | -3.30% | +3.08% | -20.25% | 61 |
| S Sentinelone Inc Cl A | 0.88% | 23.43 | -0.38% | +1.38% | -8.69% | +56.20% | 46 |
| SAIC Science Applications International | 0.81% | 152.53 | +1.04% | +0.62% | +14.64% | +52.62% | 85 |
| CVLT Commvault Systems | 0.77% | 167.48 | +0.76% | +4.03% | +7.79% | +33.60% | 76 |
| VRNS Varonis Systems Inc | 0.60% | 49.10 | +0.29% | +0.29% | +5.89% | +49.70% | 68 |
| QLYS Qualys Inc | 0.57% | 175.11 | -13.51% | -16.84% | -11.01% | +31.76% | 41 |
| TENB Tenable Holdings Inc | 0.50% | 41.96 | -3.92% | -10.78% | +2.92% | +78.33% | 59 |
| FSLY Fastly Inc | 0.47% | 16.24 | +1.63% | -22.92% | -38.55% | — | 0 |
| NTCT Netscout Systems | 0.43% | 32.27 | -0.62% | -14.92% | -19.43% | +19.25% | 17 |
| ATEN A10 Networks Inc | 0.30% | 27.79 | +2.70% | +14.36% | -3.24% | +57.90% | 54 |
| ZD Ziff Davis Inc | 0.26% | 51.14 | +1.15% | -5.28% | -11.18% | +45.49% | 39 |
| RDWR Radware Ltd | 0.19% | 32.16 | +0.31% | -4.29% | +8.50% | +33.50% | 80 |
| ATO.FP Atos Se | 0.16% | 24.66 | -0.64% | -7.01% | +16.54% | -50.85% | 90 |
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
CIBR dispersion — data Q&A
Is CIBR's move broad or carried by a few names (21 sessions)?
As of 2026-11-10: over 21 sessions the fund returned -12.22% while its median constituent returned -8.66% — a dispersion of 17.31 pp; 61% of 41 members beat the fund. Broad decline - breadth is falling with price.
How did CIBR's members trade in the last session?
As of 2026-11-10: fund -0.05%, median member -0.05%, 20 advancers vs 21 decliners.
What does the dispersion page for CIBR 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. 41 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.