Constituent dispersion · breadth vs the index
IGV — iShares Expanded Tech-Software
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 | -2.27% | -0.38 | +0pp | -2.13pp | Confirming ↓ |
| 1 month | -9.84% | +0.1 | +32pp | +13.25pp | Improving |
| 1 quarter | -2.67% | -1.28 | +22pp | +8.51pp | Confirming ↓ |
Over the last 126 sessions: price up +13.26%, breadth up (+2.68/name) · % beating 34→71 · median−ETF -7.50pp→+8.36pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -1.11% | -0.49% | +0.62pp | 37 / 70 | 69 / 41 | 44 of 110 | ±2.92% |
| 5d | -2.27% | -1.16% | +1.11pp | 48 / 61 | 56 / 54 | 4 of 110 | ±11.46% |
| 21d | -9.84% | -1.26% | +8.58pp | 52 / 57 | 78 / 31 | 3 of 109 | ±19.24% |
| YTD | -5.05% | -1.67% | +3.39pp | 52 / 57 | 61 / 48 | 3 of 109 | ±38.11% |
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)
- TTWO+8.31%+0.13pp
- FTNT+0.90%+0.03pp
- MARA+10.54%+0.02pp
- INTU+0.65%+0.02pp
- ZETA+8.17%+0.01pp
- MSFT-2.20%-0.18pp
- APP-3.53%-0.17pp
- ORCL-1.51%-0.14pp
- NOW-3.07%-0.11pp
- PANW-1.37%-0.1pp
This month (21d)
- APP+46.01%+2.22pp
- ROP+29.17%+0.37pp
- INTU+11.26%+0.33pp
- ADSK+11.38%+0.22pp
- GEN+28.52%+0.15pp
- PANW-19.18%-1.44pp
- PLTR-19.22%-1.38pp
- ORCL-14.13%-1.3pp
- FTNT-35.95%-1.09pp
- NOW-29.01%-1.05pp
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)
- APP+46.01%
- PAR+40.87%
- VYX+39.89%
- VERX+38.29%
- PCOR+35.65%
- CIFR-49.77%
- DDOG-37.90%
- CLSK-36.21%
- FTNT-35.95%
- HUT-33.40%
IGV — constituent leadership race
$100 in each covered IGV 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 — 110 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| ORCL Oracle Corp | 9.21% | 117.98 | -1.51% | -6.51% | -14.13% | -39.10% | 23 |
| MSFT Microsoft Corp | 8.19% | 533.16 | -2.20% | +2.34% | -1.48% | +10.50% | 49 |
| PANW Palo Alto Networks | 7.49% | 326.36 | -1.37% | -6.81% | -19.18% | +77.18% | 19 |
| PLTR Palantir Technologies Cl A | 7.18% | 168.82 | -0.22% | -3.75% | -19.22% | -5.02% | 18 |
| CRWD Crowdstrike Holdings | 6.06% | 225.76 | -1.23% | -7.73% | -14.16% | +92.64% | 22 |
| CRM Salesforce Inc | 6.05% | 213.48 | -0.68% | -3.92% | -8.74% | -19.21% | 30 |
| APP Applovin Corp Cl A | 4.82% | 395.51 | -3.53% | +61.10% | +46.01% | -41.30% | 99 |
| ADBE Adobe Systems Inc | 3.71% | 236.70 | -0.26% | -3.84% | -0.60% | -32.37% | 50 |
| CDNS Cadence Design Sys | 3.62% | 331.64 | -1.45% | +2.44% | -4.82% | +6.10% | 41 |
| NOW Servicenow Inc | 3.61% | 99.61 | -3.07% | -8.75% | -29.01% | -34.98% | 6 |
| SNPS Synopsys Inc | 3.57% | 459.95 | -1.50% | -0.63% | -8.47% | -2.08% | 33 |
| FTNT Fortinet Inc | 3.03% | 123.57 | +0.90% | -3.54% | -35.95% | +55.61% | 3 |
| INTU Intuit Inc | 2.92% | 340.44 | +0.65% | -1.24% | +11.26% | -48.35% | 71 |
| DDOG Datadog Inc Cl A | 2.65% | 178.40 | -0.68% | -19.10% | -37.90% | +31.19% | 1 |
| MSTR Strategy Inc | 1.92% | 121.07 | -3.60% | -10.74% | -20.70% | -20.32% | 16 |
| ADSK Autodesk Inc | 1.89% | 260.11 | -1.23% | +3.09% | +11.38% | -12.13% | 72 |
| EA Electronic Arts Inc | 1.69% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 60 |
| TTWO Take-Two Interactive | 1.54% | 224.64 | +8.31% | +15.21% | +7.58% | -12.26% | 65 |
| ROP Roper Industries | 1.28% | 474.47 | +0.60% | +0.19% | +29.17% | +7.08% | 93 |
| FICO Fair Isaac and Company | 1.08% | 730.66 | +0.95% | +0.87% | -1.26% | -56.78% | 50 |
| WDAY Workday Inc | 0.96% | 188.89 | -0.69% | -4.57% | +0.34% | -12.05% | 52 |
| ZM Zoom Communications Inc | 0.95% | 90.91 | -0.87% | -1.01% | -7.18% | +5.35% | 36 |
| ZS Zscaler Inc | 0.65% | 194.92 | -2.07% | -13.40% | -13.67% | -13.34% | 24 |
| PTC Ptc Inc | 0.64% | 196.55 | +0.35% | +1.28% | +1.11% | +12.82% | 55 |
| TEAM Atlassian Corp | 0.52% | 148.60 | -4.07% | -22.22% | -28.47% | -8.35% | 8 |
| GEN Gen Digital Inc | 0.51% | 30.01 | +0.70% | +1.01% | +28.52% | +11.56% | 91 |
| TRMB Trimble Navigation | 0.49% | 54.75 | +0.13% | -16.55% | -7.97% | -30.12% | 35 |
| TYL Tyler Technologies | 0.49% | 421.66 | +0.83% | +4.31% | +24.04% | -7.11% | 89 |
| NTNX Nutanix Inc | 0.45% | 59.29 | -0.34% | -8.33% | -20.03% | +14.70% | 17 |
| DT Dynatrace Inc | 0.43% | 43.49 | -1.09% | -7.53% | -33.35% | +0.35% | 5 |
| GWRE Guidewire Software Inc | 0.43% | 155.48 | -3.33% | -3.45% | -5.62% | -22.65% | 40 |
| IOT Samsara Inc Cl A | 0.40% | 41.45 | -1.85% | +0.83% | -0.41% | +16.93% | 51 |
| HUBS Hubspot Inc | 0.39% | 196.99 | -4.34% | -12.90% | -11.81% | -50.91% | 26 |
| HUT Hut 8 Corp | 0.38% | 56.77 | -0.44% | -10.95% | -33.40% | +23.57% | 4 |
| RBRK Rubrik Inc Cl A | 0.37% | 109.34 | -1.69% | -6.15% | -8.89% | +42.97% | 29 |
| DOCU Docusign Inc | 0.36% | 77.66 | -0.12% | -3.36% | +9.43% | +13.54% | 69 |
| QBTS D-Wave Quantum Inc | 0.35% | 10.48 | -8.63% | +1.06% | -23.73% | -59.92% | 10 |
| BMNR Bitmine Immersion Technologies | 0.33% | 18.08 | -2.85% | -11.93% | -24.13% | -33.41% | 9 |
| AUR Aurora Innovation Inc Cl A | 0.33% | 4.55 | -2.15% | +6.56% | -19.61% | +18.49% | 17 |
| U Unity Software Inc | 0.33% | 50.34 | -2.12% | +24.36% | +7.84% | +13.97% | 67 |
| WULF Terawulf Inc | 0.32% | 12.56 | +1.45% | +0.24% | -6.06% | +9.31% | 39 |
| MANH Manhattan Assoc | 0.30% | 257.54 | +2.31% | +0.94% | +18.20% | +48.60% | 85 |
| RIOT Riot Platforms Inc | 0.29% | 18.08 | +2.38% | +28.96% | +9.78% | +42.70% | 70 |
| CORZ Core Scientific Inc | 0.29% | 13.13 | +3.22% | -7.79% | -12.58% | -9.82% | 25 |
| CWAN Clearwater Analytics Holdings Inc Cl A | 0.26% | 24.56 | +0.00% | +0.00% | +0.74% | +1.82% | 54 |
| IDCC Interdigital Inc | 0.25% | 292.52 | -0.54% | -6.72% | -10.65% | -7.71% | 28 |
| CIFR Cipher Digital Inc | 0.23% | 6.53 | -4.11% | -19.58% | -49.77% | -55.76% | 0 |
| SNAP Snap Inc | 0.23% | 5.00 | -0.99% | -10.55% | -23.43% | -38.04% | 11 |
| CRCL Circle Internet Group Inc Cl A | 0.23% | 64.98 | -3.82% | -13.61% | -22.52% | -18.06% | 12 |
| DSGX Descartes Sys Group | 0.23% | 95.08 | +0.40% | +4.29% | +13.64% | +8.46% | 76 |
| S Sentinelone Inc Cl A | 0.22% | 23.43 | -0.38% | +1.38% | -8.69% | +56.20% | 31 |
| OTEX Open Text Corp | 0.22% | 24.56 | -1.44% | -4.66% | +1.57% | -22.91% | 56 |
| PCOR Procore Technologies Inc | 0.21% | 76.26 | -0.26% | +20.72% | +35.65% | +4.84% | 95 |
| YOU Clear Secure Inc Cl A | 0.20% | 55.74 | +1.18% | +16.71% | +31.28% | +59.86% | 94 |
| MARA Mara Holdings Inc | 0.19% | 7.34 | +10.54% | +2.51% | -22.25% | -18.26% | 13 |
| ESTC Elastic N.V. | 0.18% | 87.25 | -3.33% | -3.56% | -8.66% | +15.65% | 32 |
| BSY Bentley Systems Inc Cl B | 0.18% | 45.24 | -0.35% | +7.38% | +28.71% | +18.98% | 92 |
| DBX Dropbox Inc | 0.18% | 32.40 | -0.55% | -7.32% | -7.08% | +16.55% | 37 |
| CVLT Commvault Systems | 0.17% | 167.48 | +0.76% | +4.03% | +7.79% | +33.60% | 66 |
| PATH Uipath Inc Cl A | 0.17% | 12.83 | -1.16% | -2.28% | -3.68% | -21.72% | 46 |
| ACIW Aci Worldwide Inc | 0.16% | 61.45 | +0.00% | +5.17% | +20.35% | +28.53% | 87 |
| CLSK Cleanspark Inc | 0.15% | 6.57 | -4.92% | -19.39% | -36.21% | -35.08% | 2 |
| APPF Appfolio Cl A | 0.15% | 224.76 | -2.06% | +0.46% | +12.94% | -3.39% | 75 |
| ZETA Zeta Global Holdings Corp Cl A | 0.14% | 35.07 | +8.17% | +13.24% | +4.66% | +72.33% | 62 |
| GTLB Gitlab Inc Cl A | 0.13% | 46.66 | -0.98% | -10.90% | -16.69% | +24.33% | 20 |
| BOX Box Inc | 0.13% | 42.55 | +2.16% | -1.07% | +15.91% | +42.26% | 80 |
| BB Blackberry Ltd | 0.13% | 9.14 | -0.87% | +11.60% | +8.17% | +141.16% | 68 |
| VRNS Varonis Systems Inc | 0.13% | 49.10 | +0.29% | +0.29% | +5.89% | +49.70% | 63 |
| QLYS Qualys Inc | 0.13% | 175.11 | -13.51% | -16.84% | -11.01% | +31.76% | 27 |
| TTAN Servicetitan Inc Cl A | 0.13% | 82.29 | -0.28% | -1.06% | +13.85% | -22.73% | 77 |
| DLB Dolby Laboratories | 0.12% | 64.67 | -0.19% | +2.13% | +11.37% | +1.89% | 72 |
| SOUN Soundhound AI Inc Cl A | 0.12% | 3.87 | -4.44% | -6.07% | -22.13% | -61.18% | 15 |
| BILL Bill Holdings Inc | 0.12% | 53.74 | -0.13% | +7.87% | +21.67% | -1.47% | 88 |
| RNG Ringcentral Inc | 0.12% | 73.32 | +0.74% | -6.01% | -6.20% | +154.72% | 39 |
| LIF Life360 Inc | 0.12% | 41.98 | -6.75% | -6.86% | -4.22% | -34.55% | 44 |
| PEGA Pegasystems Inc | 0.12% | 31.53 | +1.28% | -8.21% | -9.68% | -47.14% | 28 |
| TDC Teradata Corp | 0.11% | 32.78 | +1.42% | -2.50% | +6.84% | +7.69% | 64 |
| TENB Tenable Holdings Inc | 0.11% | 41.96 | -3.92% | -10.78% | +2.92% | +78.33% | 61 |
| ADEA Adeia Inc | 0.11% | 16.25 | -0.18% | -9.01% | -29.99% | -5.42% | 6 |
| QTWO Q2 Holdings Inc | 0.11% | 75.33 | +1.47% | +5.76% | +27.25% | +4.39% | 90 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.10% | 7.71 | +0.26% | +0.39% | +1.58% | -3.02% | 57 |
| WK Workiva Llc | 0.10% | 67.16 | -3.75% | -19.93% | -8.05% | -22.13% | 34 |
| RAMP Liveramp Holdings Inc | 0.09% | 38.50 | +0.71% | +0.68% | +2.12% | +31.09% | 59 |
| BRZE Braze Inc Cl A | 0.08% | 46.08 | -0.01% | +0.62% | — | — | — |
| ALRM Alarm.com | 0.08% | 65.86 | +0.72% | +0.61% | +17.75% | +29.09% | 83 |
| KVYO Klaviyo Inc Series A | 0.08% | 20.43 | -1.87% | -4.22% | +19.40% | -37.08% | 86 |
| AGYS Agilysys Inc | 0.08% | 124.15 | +0.18% | +3.57% | +17.44% | +4.47% | 82 |
| SPSC Sps Commerce Inc | 0.07% | 80.92 | -0.15% | -5.08% | -4.35% | -9.21% | 43 |
| ATEN A10 Networks Inc | 0.07% | 27.79 | +2.70% | +14.36% | -3.24% | +57.90% | 47 |
| NN Nextnav Inc | 0.07% | 8.40 | -5.83% | -14.72% | -28.63% | -49.52% | 7 |
| FRSH Freshworks Inc Cl A | 0.07% | 11.88 | -1.08% | -16.04% | -14.66% | -3.02% | 21 |
| FIVN Five9 Inc | 0.06% | 27.75 | -3.88% | -22.42% | -22.20% | +38.40% | 14 |
| NCNO Ncino Inc | 0.06% | 22.47 | -2.05% | -0.66% | +14.99% | -12.36% | 79 |
| AVPT Avepoint Inc Cl A | 0.05% | 16.89 | +0.48% | +2.74% | +15.92% | +21.60% | 81 |
| BL Blackline Inc | 0.05% | 27.33 | +1.33% | -18.03% | -6.72% | -50.57% | 38 |
| ALKT Alkami Technology Inc | 0.05% | 14.16 | -0.42% | +5.20% | +0.50% | -38.62% | 53 |
| PRGS Progress Software | 0.04% | 43.80 | -1.37% | -0.73% | +12.34% | +1.96% | 74 |
| AI C3.Ai Inc Cl A | 0.04% | 11.84 | -1.33% | +2.60% | +1.98% | -12.17% | 58 |
| INTA Intapp Inc | 0.04% | 45.40 | +2.09% | +1.34% | +14.53% | -0.92% | 78 |
| BLKB Blackbaud Inc | 0.04% | 54.92 | +0.62% | +1.31% | +17.48% | -13.27% | 83 |
| LSPD Lightspeed Commerce Inc | 0.04% | 10.29 | -0.58% | -6.28% | -4.46% | -14.82% | 42 |
| VERX Vertex Inc Cl A | 0.04% | 17.84 | +3.12% | +16.91% | +38.29% | -10.67% | 96 |
| VYX NCR Voyix Corporation | 0.03% | 10.03 | +1.42% | +13.98% | +39.89% | -1.67% | 97 |
| APPN Appian Corp Cl A | 0.03% | 52.35 | +2.35% | +7.63% | +34.47% | +47.80% | 94 |
| PD Pagerduty Inc | 0.02% | 15.57 | -0.57% | -6.26% | -4.13% | +18.76% | 45 |
| CXM Sprinklr Inc Cl A | 0.02% | 6.52 | -0.61% | -2.83% | +17.90% | -16.20% | 84 |
| ASAN Asana Inc Cl A | 0.02% | 9.59 | -4.29% | -13.99% | -3.03% | -30.05% | 48 |
| PAR Par Technology Corp | 0.02% | 22.30 | +2.25% | +23.00% | +40.87% | -38.53% | 98 |
| RPD Rapid7 Inc | 0.02% | 14.49 | -3.21% | -2.36% | +12.06% | -4.67% | 73 |
| NABL N-Able Inc | 0.01% | 4.66 | -3.12% | -7.54% | +3.33% | -37.70% | 61 |
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
IGV dispersion — data Q&A
Is IGV's move broad or carried by a few names (21 sessions)?
As of 2026-11-10: over 21 sessions the fund returned -9.84% while its median constituent returned -1.26% — a dispersion of 19.24 pp; 72% of 109 members beat the fund. Improving below the surface - the A/D line is rising while price is flat-to-down; more names participating than the headline shows.
How did IGV's members trade in the last session?
As of 2026-11-10: fund -1.11%, median member -0.49%, 37 advancers vs 70 decliners.
What does the dispersion page for IGV 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. 110 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.