Constituent dispersion · breadth vs the index
IGV — iShares Expanded Tech-Software
Concentration 38.16% in top 5 21.93 effective names · HHI 456
RS vs S&P 500 21d +2.43pp sector return − SPY
RS vs Nasdaq-100 21d +8.45pp sector return − QQQ
Broad advance - breadth is rising with price. Last 21 sessions — price +4.06% · A/D +183 (+1.66/name)
IGV price
Cumulative advance / decline of constituents — rises when more names are up than down; turns before price at inflections
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 | -0.04% | +0.25 | -7pp | +1.70pp | Improving |
| 1 month | +4.06% | +1.66 | +0pp | +2.23pp | Confirming ↑ |
| 1 quarter | +7.46% | +1.81 | +30pp | +12.10pp | Confirming ↑ |
Over the last 126 sessions: price down -6.10%, breadth up (+1.61/name) · % beating 59→68 · median−ETF +2.09pp→+8.69pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.96% | +3.06% | +2.11pp | 81 / 27 | 70 / 40 | 23 of 110 | ±4.26% |
| 5d | -0.04% | +3.51% | +3.56pp | 69 / 40 | 70 / 40 | 10 of 110 | ±8.29% |
| 21d | +4.06% | +12.75% | +8.69pp | 82 / 27 | 74 / 36 | 5 of 110 | ±15.75% |
| YTD | -13.14% | -17.79% | -4.65pp | 36 / 74 | 50 / 60 | 2 of 110 | ±36.95% |
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)
- CRM+4.55%+0.28pp
- ADBE+4.81%+0.18pp
- NOW+4.79%+0.17pp
- ADSK+5.08%+0.1pp
- MSFT+1.09%+0.09pp
- PLTR-6.08%-0.44pp
- MSTR-2.52%-0.05pp
- FTNT-1.58%-0.05pp
- SNPS-1.33%-0.05pp
- QBTS-9.61%-0.03pp
This month (21d)
- CRM+14.61%+0.88pp
- ADBE+22.91%+0.85pp
- PLTR+9.39%+0.67pp
- INTU+16.91%+0.49pp
- NOW+12.49%+0.45pp
- ORCL-19.24%-1.77pp
- APP-12.34%-0.59pp
- SNPS-15.52%-0.55pp
- CDNS-8.63%-0.31pp
- WULF-35.71%-0.11pp
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)
- RNG+53.12%
- GWRE+31.22%
- HUBS+30.97%
- BILL+30.52%
- BMNR+29.57%
- WULF-35.71%
- BB-29.04%
- RIOT-25.66%
- CORZ-23.73%
- QBTS-22.52%
IGV — constituent leadership race
$100 in each covered IGV constituent at 2025-12-30, rebased to 100. Watch leadership change hands.
0%
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 — 110 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| ORCL Oracle Corp | 9.21% | 119.96 | +0.05% | -5.58% | -19.24% | -38.08% | 7 |
| MSFT Microsoft Corp | 8.19% | 393.35 | +1.09% | -1.11% | +5.46% | -18.48% | 35 |
| PANW Palo Alto Networks | 7.49% | 319.00 | +0.53% | -6.77% | +4.87% | +73.18% | 34 |
| PLTR Palantir Technologies Cl A | 7.18% | 123.53 | -6.08% | -6.88% | +9.39% | -30.50% | 42 |
| CRWD Crowdstrike Holdings | 6.06% | 181.80 | +0.94% | -4.89% | +3.72% | +55.13% | 30 |
| CRM Salesforce Inc | 6.05% | 181.50 | +4.55% | +6.73% | +14.61% | -31.31% | 58 |
| APP Applovin Corp Cl A | 4.82% | 418.22 | +1.33% | -2.44% | -12.34% | -37.93% | 14 |
| ADBE Adobe Systems Inc | 3.71% | 249.18 | +4.81% | +9.69% | +22.91% | -28.80% | 86 |
| CDNS Cadence Design Sys | 3.62% | 344.72 | +1.80% | +0.02% | -8.63% | +10.28% | 16 |
| NOW Servicenow Inc | 3.61% | 110.62 | +4.79% | +8.39% | +12.49% | -27.79% | 48 |
| SNPS Synopsys Inc | 3.57% | 383.82 | -1.33% | -1.35% | -15.52% | -18.29% | 11 |
| FTNT Fortinet Inc | 3.03% | 149.98 | -1.58% | -5.14% | -0.91% | +88.87% | 24 |
| INTU Intuit Inc | 2.92% | 312.99 | +2.99% | +7.96% | +16.91% | -52.52% | 68 |
| DDOG Datadog Inc Cl A | 2.65% | 250.88 | -0.39% | -1.53% | +4.63% | +84.48% | 33 |
| MSTR Strategy Inc | 1.92% | 96.16 | -2.52% | -5.68% | +16.83% | -36.72% | 67 |
| ADSK Autodesk Inc | 1.89% | 237.38 | +5.08% | +12.42% | +20.95% | -19.81% | 79 |
| EA Electronic Arts Inc | 1.69% | 208.87 | -0.10% | -0.08% | +1.76% | +2.32% | 29 |
| TTWO Take-Two Interactive | 1.54% | 247.62 | +1.50% | +4.95% | +3.81% | -3.28% | 32 |
| ROP Roper Industries | 1.28% | 390.92 | +4.24% | +11.47% | +15.55% | -11.78% | 63 |
| FICO Fair Isaac and Company | 1.08% | 1336.22 | +4.35% | +8.87% | +12.97% | -20.96% | 52 |
| WDAY Workday Inc | 0.96% | 159.69 | +8.24% | +13.12% | +28.56% | -25.65% | 95 |
| ZM Zoom Communications Inc | 0.95% | 91.48 | +0.29% | +1.90% | +5.78% | +6.01% | 36 |
| ZS Zscaler Inc | 0.65% | 151.63 | +2.94% | +1.96% | +14.65% | -32.58% | 59 |
| PTC Ptc Inc | 0.64% | 127.51 | +1.84% | +5.58% | +10.19% | -26.81% | 44 |
| TEAM Atlassian Corp | 0.52% | 99.98 | +4.29% | +10.35% | +26.97% | -38.34% | 93 |
| GEN Gen Digital Inc | 0.51% | 27.58 | +3.14% | +5.63% | +12.80% | +2.52% | 51 |
| TRMB Trimble Navigation | 0.49% | 58.38 | +4.68% | +12.59% | +15.15% | -25.49% | 60 |
| TYL Tyler Technologies | 0.49% | 333.35 | +5.53% | +11.21% | +13.23% | -26.57% | 53 |
| NTNX Nutanix Inc | 0.45% | 59.05 | +3.87% | +8.97% | +18.77% | +14.24% | 73 |
| DT Dynatrace Inc | 0.43% | 43.90 | +0.41% | +2.45% | +1.22% | +1.29% | 27 |
| GWRE Guidewire Software Inc | 0.43% | 159.40 | +6.78% | +11.84% | +31.22% | -20.70% | 98 |
| IOT Samsara Inc Cl A | 0.40% | 37.50 | +6.11% | +3.96% | +20.42% | +5.78% | 78 |
| HUBS Hubspot Inc | 0.39% | 223.01 | +8.84% | -3.55% | +30.97% | -44.43% | 97 |
| HUT Hut 8 Corp | 0.38% | 101.14 | -3.30% | -7.19% | -17.79% | +120.16% | 9 |
| RBRK Rubrik Inc Cl A | 0.37% | 71.45 | -4.50% | -5.74% | -1.22% | -6.58% | 23 |
| DOCU Docusign Inc | 0.36% | 55.97 | +5.78% | +10.31% | +23.80% | -18.17% | 89 |
| QBTS D-Wave Quantum Inc | 0.35% | 17.64 | -9.61% | -0.93% | -22.52% | -32.56% | 4 |
| BMNR Bitmine Immersion Technologies | 0.33% | 17.57 | -1.95% | +1.97% | +29.57% | -35.29% | 95 |
| AUR Aurora Innovation Inc Cl A | 0.33% | 6.21 | +0.00% | -1.58% | -2.36% | +61.72% | 21 |
| U Unity Software Inc | 0.33% | 31.83 | +4.57% | +6.56% | +12.75% | -27.94% | 50 |
| WULF Terawulf Inc | 0.32% | 16.60 | -7.65% | -16.43% | -35.71% | +44.52% | 0 |
| MANH Manhattan Assoc | 0.30% | 168.17 | +5.57% | +5.69% | +21.99% | -2.97% | 82 |
| RIOT Riot Platforms Inc | 0.29% | 21.24 | -3.32% | -1.16% | -25.66% | +67.64% | 2 |
| CORZ Core Scientific Inc | 0.29% | 20.75 | +0.02% | -13.60% | -23.73% | +42.48% | 3 |
| CWAN Clearwater Analytics Holdings Inc Cl A | 0.26% | 24.56 | +0.00% | +0.00% | +0.74% | +1.82% | 26 |
| IDCC Interdigital Inc | 0.25% | 260.20 | +0.36% | -1.58% | -5.68% | -17.91% | 17 |
| CIFR Cipher Digital Inc | 0.23% | 20.40 | -5.80% | -10.90% | -21.38% | +38.18% | 6 |
| SNAP Snap Inc | 0.23% | 4.77 | +5.53% | +4.61% | +8.16% | -40.89% | 40 |
| CRCL Circle Internet Group Inc Cl A | 0.23% | 64.32 | -2.06% | -9.51% | -12.57% | -18.89% | 13 |
| DSGX Descartes Sys Group | 0.23% | 75.59 | +6.34% | +6.48% | +7.17% | -13.77% | 38 |
| S Sentinelone Inc Cl A | 0.22% | 18.34 | +1.10% | -2.50% | +15.27% | +22.27% | 61 |
| OTEX Open Text Corp | 0.22% | 24.79 | +4.95% | +8.87% | +12.22% | -22.19% | 47 |
| PCOR Procore Technologies Inc | 0.21% | 48.84 | +4.85% | +10.20% | +16.54% | -32.86% | 66 |
| YOU Clear Secure Inc Cl A | 0.20% | 53.84 | +1.15% | -5.38% | -2.41% | +54.41% | 20 |
| MARA Mara Holdings Inc | 0.19% | 11.38 | -3.31% | -7.10% | -21.73% | +26.73% | 5 |
| ESTC Elastic N.V. | 0.18% | 62.10 | +1.40% | +3.19% | +10.42% | -17.68% | 45 |
| BSY Bentley Systems Inc Cl B | 0.18% | 35.84 | +6.32% | +14.65% | +19.47% | -5.74% | 76 |
| DBX Dropbox Inc | 0.18% | 32.06 | +4.98% | +8.97% | +20.35% | +15.32% | 77 |
| CVLT Commvault Systems | 0.17% | 120.02 | -19.70% | -18.07% | -14.30% | -4.26% | 12 |
| PATH Uipath Inc Cl A | 0.17% | 12.19 | +4.91% | +1.25% | +15.76% | -25.63% | 64 |
| ACIW Aci Worldwide Inc | 0.16% | 59.97 | +3.61% | +5.79% | +21.74% | +25.43% | 80 |
| CLSK Cleanspark Inc | 0.15% | 13.48 | -3.89% | -12.35% | -17.45% | +33.20% | 10 |
| APPF Appfolio Cl A | 0.15% | 178.27 | +5.65% | +6.21% | +14.54% | -23.37% | 57 |
| ZETA Zeta Global Holdings Corp Cl A | 0.14% | 21.89 | +5.54% | +3.30% | +15.33% | +7.57% | 62 |
| GTLB Gitlab Inc Cl A | 0.13% | 32.97 | +0.26% | +0.35% | +13.40% | -12.16% | 55 |
| BOX Box Inc | 0.13% | 31.50 | +4.48% | +5.21% | +19.05% | +5.32% | 74 |
| BB Blackberry Ltd | 0.13% | 8.09 | -3.92% | -10.01% | -29.04% | +113.46% | 1 |
| VRNS Varonis Systems Inc | 0.13% | 44.67 | -4.29% | -3.27% | +10.84% | +36.19% | 46 |
| QLYS Qualys Inc | 0.13% | 135.75 | +0.71% | -5.58% | +10.12% | +2.14% | 43 |
| TTAN Servicetitan Inc Cl A | 0.13% | 78.39 | +4.63% | +7.44% | +13.28% | -26.39% | 54 |
| DLB Dolby Laboratories | 0.12% | 52.51 | +2.42% | +5.19% | -1.83% | -17.27% | 22 |
| SOUN Soundhound AI Inc Cl A | 0.12% | 6.24 | -2.65% | -4.81% | -2.65% | -37.41% | 19 |
| BILL Bill Holdings Inc | 0.12% | 46.36 | +3.25% | +4.74% | +30.52% | -15.00% | 96 |
| RNG Ringcentral Inc | 0.12% | 56.93 | +6.01% | +43.91% | +53.12% | +97.78% | 99 |
| LIF Life360 Inc | 0.12% | 56.68 | +5.29% | +3.24% | +6.78% | -11.63% | 37 |
| PEGA Pegasystems Inc | 0.12% | 29.53 | +3.25% | -4.56% | -3.96% | -50.49% | 18 |
| TDC Teradata Corp | 0.11% | 29.19 | -2.01% | -0.48% | -11.14% | -4.11% | 15 |
| TENB Tenable Holdings Inc | 0.11% | 31.37 | -3.30% | -7.98% | +3.81% | +33.32% | 31 |
| ADEA Adeia Inc | 0.11% | 25.15 | -3.49% | -9.92% | -18.40% | +46.38% | 8 |
| QTWO Q2 Holdings Inc | 0.11% | 59.24 | +1.87% | +7.44% | +23.65% | -17.90% | 88 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.10% | 6.12 | +2.51% | +0.33% | +22.16% | -23.02% | 83 |
| WK Workiva Llc | 0.10% | 58.51 | +4.95% | +6.46% | +19.29% | -32.16% | 75 |
| RAMP Liveramp Holdings Inc | 0.09% | 37.75 | -0.19% | -0.45% | +0.13% | +28.53% | 25 |
| BRZE Braze Inc Cl A | 0.08% | 25.11 | +6.81% | +3.42% | +19.46% | -26.77% | 75 |
| ALRM Alarm.com | 0.08% | 54.51 | +1.66% | +4.43% | +17.63% | +6.84% | 70 |
| KVYO Klaviyo Inc Series A | 0.08% | 18.89 | +6.54% | +7.94% | +26.78% | -41.82% | 92 |
| AGYS Agilysys Inc | 0.08% | 110.70 | +7.23% | +9.99% | +7.92% | -6.85% | 39 |
| SPSC Sps Commerce Inc | 0.07% | 68.50 | +4.33% | +10.42% | +16.35% | -23.15% | 65 |
| ATEN A10 Networks Inc | 0.07% | 31.32 | -6.42% | -14.03% | -10.46% | +77.95% | 15 |
| NN Nextnav Inc | 0.07% | 13.45 | +6.07% | +0.82% | -21.85% | -19.17% | 5 |
| FRSH Freshworks Inc Cl A | 0.07% | 11.18 | +3.33% | +4.58% | +13.50% | -8.73% | 56 |
| FIVN Five9 Inc | 0.06% | 27.12 | +6.14% | +7.49% | +27.20% | +35.26% | 94 |
| NCNO Ncino Inc | 0.06% | 18.51 | +4.87% | +7.12% | +18.43% | -27.81% | 71 |
| AVPT Avepoint Inc Cl A | 0.05% | 12.91 | +0.78% | -0.77% | +18.55% | -7.06% | 72 |
| BL Blackline Inc | 0.05% | 31.95 | +4.21% | +8.82% | +12.74% | -42.21% | 49 |
| ALKT Alkami Technology Inc | 0.05% | 18.17 | +2.25% | +4.43% | +10.66% | -21.24% | 45 |
| PRGS Progress Software | 0.04% | 40.37 | +4.42% | +2.31% | +21.78% | -6.03% | 81 |
| AI C3.Ai Inc Cl A | 0.04% | 8.90 | +0.91% | +3.61% | +0.00% | -33.98% | 25 |
| INTA Intapp Inc | 0.04% | 30.60 | +3.90% | +8.90% | +22.35% | -33.22% | 85 |
| BLKB Blackbaud Inc | 0.04% | 35.93 | +3.99% | +13.95% | +22.92% | -43.26% | 87 |
| LSPD Lightspeed Commerce Inc | 0.04% | 10.72 | +3.98% | +4.59% | +5.20% | -11.26% | 35 |
| VERX Vertex Inc Cl A | 0.04% | 13.24 | +4.75% | +7.82% | +16.45% | -33.70% | 65 |
| VYX NCR Voyix Corporation | 0.03% | 8.60 | +4.75% | +8.31% | +8.31% | -15.69% | 41 |
| APPN Appian Corp Cl A | 0.03% | 27.35 | +7.05% | +7.89% | +24.49% | -22.78% | 90 |
| PD Pagerduty Inc | 0.02% | 10.31 | +5.64% | +9.80% | +13.42% | -21.36% | 55 |
| CXM Sprinklr Inc Cl A | 0.02% | 6.31 | +3.95% | +8.98% | +22.29% | -18.89% | 84 |
| ASAN Asana Inc Cl A | 0.02% | 8.19 | +5.68% | +10.83% | +17.50% | -40.26% | 69 |
| PAR Par Technology Corp | 0.02% | 17.15 | +3.75% | +7.46% | +1.48% | -52.73% | 28 |
| RPD Rapid7 Inc | 0.02% | 9.61 | -0.10% | -9.43% | +26.28% | -36.78% | 91 |
| NABL N-Able Inc | 0.01% | 4.34 | -0.69% | -7.46% | +22.60% | -41.98% | 85 |
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.