Constituent dispersion · breadth vs the index
IXG — Global Financials
Concentration 26.6% in top 5 42.37 effective names · HHI 236
RS vs S&P 500 21d +1.46pp sector return − SPY
RS vs Nasdaq-100 21d +2.40pp sector return − QQQ
Weakening below the surface - the A/D line is falling while price holds up; leadership is narrowing. Last 21 sessions — price -0.73% · A/D -64 (-0.48/name)
IXG 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 | -1.67% | -0.87 | -4pp | -0.51pp | Confirming ↓ |
| 1 month | -0.73% | -0.48 | -6pp | -0.95pp | Weakening |
| 1 quarter | +8.36% | +4.33 | -16pp | -2.39pp | Confirming ↑ |
Over the last 126 sessions: price up +18.14%, breadth up (+8.37/name) · % beating 58→42 · median−ETF +1.41pp→-1.04pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.23% | -0.09% | +0.14pp | 64 / 68 | 72 / 61 | 63 of 133 | ±1.99% |
| 5d | -1.67% | -1.99% | -0.32pp | 28 / 105 | 62 / 71 | 43 of 133 | ±2.49% |
| 21d | -0.73% | -1.84% | -1.11pp | 46 / 86 | 57 / 76 | 24 of 133 | ±6.14% |
| YTD | +10.87% | +8.74% | -2.13pp | 91 / 42 | 60 / 73 | 2 of 133 | ±21.46% |
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)
- BRK-B+0.90%+0.05pp
- V+1.30%+0.05pp
- SAN+2.96%+0.04pp
- COIN+9.24%+0.03pp
- MA+0.92%+0.03pp
- BAC-5.14%-0.12pp
- JPM-1.71%-0.1pp
- GS-3.96%-0.08pp
- MS-3.64%-0.06pp
- C-1.90%-0.03pp
This month (21d)
- V+2.69%+0.1pp
- BRK-B+1.58%+0.1pp
- COIN+24.40%+0.07pp
- HOOD+15.05%+0.06pp
- PGR+5.82%+0.05pp
- JPM-3.57%-0.2pp
- BAC-7.21%-0.17pp
- BN-16.63%-0.11pp
- GS-5.20%-0.11pp
- BLK-9.91%-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)
- COIN+24.40%
- HOOD+15.05%
- BBD+12.50%
- ITUB+12.17%
- IAG+11.49%
- NN-20.35%
- BN-16.63%
- BAM-15.71%
- BX-14.08%
- FIS-13.48%
IXG — constituent leadership race
$100 in each covered IXG 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 — 133 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| BRK-B BERKSHIRE HATHAWAY INC CLASS B | 6.04% | 514.95 | +0.90% | +1.76% | +1.58% | +2.45% | 78 |
| JPM JP Morgan Chase & Company | 5.61% | 350.13 | -1.71% | -2.37% | -3.57% | +9.71% | 36 |
| V Visa Inc | 3.82% | 375.28 | +1.30% | +0.06% | +2.69% | +7.23% | 84 |
| MA Mastercard Inc | 2.79% | 574.42 | +0.92% | -0.83% | +1.30% | +0.94% | 75 |
| BAC Bank of America Corp | 2.35% | 59.47 | -5.14% | -5.12% | -7.21% | +8.74% | 14 |
| HSBA.LSE HSBC HOLDINGS PLC | 2.15% | 1536.80 | -1.02% | -2.67% | +0.72% | +35.24% | 72 |
| GS Goldman Sachs Group | 2.04% | 988.45 | -3.96% | -4.83% | -5.20% | +13.04% | 23 |
| MS Morgan Stanley | 1.65% | 206.58 | -3.64% | -5.12% | -5.40% | +17.63% | 20 |
| WFC Wells Fargo & Company | 1.61% | 88.71 | -1.75% | -1.40% | +0.68% | -4.35% | 71 |
| C Citigroup Inc | 1.50% | 136.18 | -1.90% | -1.12% | -1.84% | +17.87% | 50 |
| SAN Banco Santander ADR | 1.22% | 75.43 | +2.96% | -0.34% | -0.12% | -3.71% | 62 |
| ALV Allianz SE | 1.17% | 118.50 | -2.17% | -5.35% | -1.70% | +2.09% | 50 |
| AXP American Express Company | 1.14% | 327.78 | +0.95% | +0.50% | -4.62% | -10.92% | 28 |
| BLK Blackrock Inc | 1.05% | 1065.60 | -1.30% | -4.55% | -9.91% | +0.11% | 10 |
| SCHW The Charles Schwab Corp | 1.04% | 107.31 | +0.06% | -1.81% | -2.21% | +7.77% | 46 |
| UBSG.SW UBS GROUP AG | 0.98% | 43.33 | -2.76% | -2.32% | -0.51% | +18.73% | 60 |
| BBVA Banco Bilbao Viscaya Argentaria S.A. ADR | 0.88% | 29.10 | -1.52% | -1.39% | +1.57% | +28.74% | 77 |
| SPGI S&P Global Inc | 0.88% | 418.54 | +1.91% | -5.63% | -0.98% | -19.54% | 53 |
| CB Chubb Ltd | 0.82% | 341.85 | +1.06% | +0.38% | -0.77% | +9.85% | 55 |
| COF Capital One Financial Corp | 0.80% | 206.68 | -0.78% | -5.88% | -7.34% | -14.03% | 13 |
| PGR Progressive Corp | 0.80% | 221.02 | +1.56% | +0.95% | +5.82% | +3.28% | 92 |
| ZURN.SW ZURICH INSURANCE GROUP AG | 0.77% | 594.00 | +0.99% | -0.50% | +0.20% | +4.19% | 67 |
| CME CME Group | 0.72% | 280.46 | +1.79% | +0.17% | +4.96% | +5.16% | 89 |
| BNP.XETRA BNP PARIBAS SA | 0.70% | 102.82 | -0.83% | -1.61% | -8.28% | +30.28% | 11 |
| BN Brookfield Corp | 0.69% | 37.61 | -1.42% | -6.53% | -16.63% | -17.77% | 1 |
| BNY Bank of New York Mellon Corp | 0.66% | 157.66 | -3.07% | -4.36% | -2.83% | +36.95% | 44 |
| BX Blackstone Inc | 0.61% | 128.29 | -0.17% | -5.77% | -14.08% | -15.02% | 2 |
| PNC PNC Bank | 0.61% | 242.72 | -0.62% | -1.17% | -4.89% | +18.08% | 26 |
| ICE Intercontinental Exchange | 0.59% | 157.75 | +0.22% | -2.18% | +1.62% | -2.28% | 79 |
| USB U.S. Bancorp | 0.58% | 62.68 | -0.25% | -1.09% | -3.82% | +18.68% | 35 |
| INGA.AS ING GROEP NV | 0.57% | 31.92 | -0.53% | -0.58% | +3.35% | +37.92% | 86 |
| BARC.LSE BARCLAYS PLC | 0.56% | 478.50 | -3.09% | -4.23% | -7.80% | +1.71% | 12 |
| MRSH Marsh & Mclennan Companies | 0.55% | 180.43 | +1.99% | -2.86% | -4.38% | -1.75% | 32 |
| LLOY.LSE LLOYDS BANKING GROUP PLC | 0.54% | 109.35 | -1.62% | -3.53% | -5.16% | +14.02% | 23 |
| INVE-B.ST INVESTOR CLASS B | 0.50% | 399.10 | -0.86% | -1.61% | -3.28% | +22.10% | 38 |
| AON AON Plc | 0.48% | 311.54 | +2.92% | -3.57% | -12.75% | -11.29% | 4 |
| MCO Moody's Corp | 0.47% | 477.93 | +0.63% | -3.16% | -1.94% | -6.02% | 49 |
| TRV The Travelers Companies | 0.46% | 378.05 | +0.76% | +2.71% | +2.18% | +30.81% | 82 |
| KKR KKR & Company LP | 0.45% | 102.27 | +1.18% | -5.07% | -11.30% | -19.47% | 6 |
| NWG Natwest Group Plc ADR | 0.43% | 682.80 | -2.15% | -2.46% | -3.23% | +9.08% | 39 |
| APO Apollo Asset Management | 0.42% | 128.31 | -0.52% | -4.01% | -10.26% | -10.63% | 9 |
| TFC Truist Financial Corp | 0.41% | 50.10 | -0.60% | -3.00% | -4.52% | +3.92% | 31 |
| HOOD Robinhood Markets Inc Cl A | 0.41% | 114.33 | +1.56% | -6.37% | +15.05% | +1.09% | 98 |
| LSEG.LSE LONDON STOCK EXCHANGE GROUP PLC | 0.39% | 8474.00 | +2.86% | -2.95% | -0.96% | -4.27% | 53 |
| ALL Allstate Corp | 0.38% | 258.48 | +1.88% | -0.42% | -0.77% | +25.47% | 56 |
| AFL Aflac Inc | 0.38% | 117.01 | +1.50% | -0.17% | -2.89% | +7.23% | 44 |
| GLE Global Engine Group Holding Limited | 0.37% | 73.44 | -1.71% | -2.17% | -10.83% | +8.38% | 7 |
| AJG Arthur J. Gallagher & Company | 0.37% | 253.30 | +5.40% | -3.31% | -0.07% | -1.50% | 64 |
| NU Nu Holdings Ltd Cl A | 0.34% | 14.41 | -1.44% | -6.25% | +3.45% | -13.92% | 87 |
| CABK.MC CAIXABANK SA | 0.34% | 13.18 | -1.27% | -2.12% | +1.58% | +29.58% | 77 |
| STAN.LSE STANDARD CHARTERED PLC | 0.33% | 2299.00 | +0.04% | +1.32% | +3.42% | +29.09% | 86 |
| G Genpact Ltd | 0.32% | 36.43 | +3.67% | -1.86% | +5.99% | -21.74% | 92 |
| MET Metlife Inc | 0.32% | 97.75 | +0.63% | +0.13% | +0.29% | +25.67% | 68 |
| SREN.SW SWISS RE AG | 0.32% | 138.45 | +1.17% | +0.54% | -0.72% | +9.34% | 59 |
| FITB Fifth Third Bancorp | 0.30% | 54.38 | -0.62% | -0.89% | -6.14% | +17.22% | 16 |
| ITUB Itau Unibanco Banco Holding S.A. ADR | 0.30% | 8.23 | -1.20% | +0.98% | +12.17% | +17.44% | 97 |
| STT State Street Corp | 0.29% | 188.16 | -2.71% | -3.14% | -0.89% | +47.79% | 54 |
| COIN Coinbase Global Cl A | 0.29% | 191.45 | +9.24% | +3.69% | +24.40% | -15.34% | 99 |
| MSCI MSCI Inc | 0.29% | 553.65 | -0.17% | -3.38% | -3.41% | -2.77% | 38 |
| AIG American International Group | 0.29% | 76.29 | +1.27% | +0.10% | +0.34% | -10.30% | 70 |
| AMP Ameriprise Financial Services | 0.29% | 558.54 | +0.17% | -0.36% | -2.13% | +14.66% | 47 |
| PYPL Paypal Holdings | 0.28% | 54.03 | +0.58% | -1.69% | -10.83% | -7.17% | 8 |
| NDAQ Nasdaq Inc | 0.28% | 91.57 | +0.42% | -5.16% | -6.17% | -5.43% | 15 |
| PRU Prudential Financial Inc | 0.27% | 119.50 | +0.22% | -2.07% | -4.21% | +8.78% | 34 |
| HIG The Hartford Insurance Group | 0.26% | 137.59 | +0.90% | -0.56% | -0.16% | +0.75% | 62 |
| XYZ Block Inc | 0.26% | 79.49 | +0.35% | -3.95% | -4.33% | +22.12% | 32 |
| IBKR Interactive Brokers | 0.25% | 90.75 | -0.68% | -2.02% | -0.73% | +41.41% | 57 |
| PRU Prudential Financial Inc | 0.25% | 119.50 | +0.22% | -2.07% | -4.21% | +8.78% | 34 |
| CBOE CBOE Global Markets | 0.25% | 284.50 | +1.23% | -4.65% | -2.93% | +13.86% | 43 |
| ADYEN.AS ADYEN NV | 0.24% | 951.50 | +2.46% | -4.89% | -10.37% | -30.80% | 8 |
| ACGL Arch Capital Grp Ltd | 0.24% | 97.95 | +1.94% | -0.15% | -0.08% | +2.12% | 63 |
| DANSKE.CO DANSKE BANK | 0.23% | 375.40 | -0.69% | +0.75% | +0.29% | +29.32% | 69 |
| SWED-A.ST SWEDBANK | 0.23% | 392.00 | +1.21% | +0.93% | +3.02% | +34.29% | 85 |
| MTB M&T Bank Corp | 0.22% | 237.82 | -0.84% | -0.84% | -6.09% | +19.69% | 17 |
| HBAN Huntington Bancshares | 0.22% | 16.77 | -0.53% | -1.53% | -5.63% | -2.36% | 19 |
| KBC.BR KBC GROEP | 0.22% | 130.75 | -0.91% | -2.72% | -0.72% | +22.01% | 58 |
| NTRS Northern Trust Corp | 0.21% | 181.71 | -3.95% | -2.64% | -4.60% | +34.40% | 29 |
| SLHN.SW SWISS LIFE HOLDING AG | 0.21% | 912.40 | -0.04% | -2.19% | -2.52% | +3.83% | 45 |
| III Information Svcs Group | 0.21% | 2631.00 | -0.75% | -5.70% | -5.36% | -19.37% | 21 |
| SEB-A.ST SKANDINAVISKA ENSKILDA BANKEN | 0.20% | 227.80 | -0.09% | +0.35% | +2.20% | +22.60% | 83 |
| FISV Fiserv Inc | 0.20% | 50.99 | -1.14% | -3.79% | -8.13% | -24.09% | 11 |
| SAMPO.HE SAMPO CLASS A | 0.18% | 9.42 | +0.04% | -2.06% | -3.03% | -5.11% | 41 |
| CFG Citizens Financial Group | 0.18% | 70.54 | +0.09% | -0.34% | -4.82% | +22.49% | 27 |
| RJF Raymond James Financial | 0.18% | 170.80 | -1.53% | -4.20% | -5.63% | +7.12% | 18 |
| CINF Cincinnati Financial | 0.18% | 172.02 | +1.31% | +0.54% | -0.38% | +5.95% | 61 |
| ARES Ares Management LP | 0.18% | 131.52 | -0.09% | -6.16% | -12.00% | -17.52% | 5 |
| AV.LSE AVIVA PLC | 0.17% | 709.00 | +0.25% | -1.99% | -0.64% | +8.13% | 59 |
| A5G.IR AIB GROUP PLC | 0.17% | 11.58 | -0.56% | +1.58% | +7.72% | +32.48% | 94 |
| SYF Synchrony Financial | 0.17% | 75.88 | -0.14% | -5.06% | -5.24% | -8.31% | 22 |
| WTW Willis Towers Watson Public | 0.17% | 323.71 | +2.57% | -3.30% | -3.08% | -1.16% | 40 |
| PGHN.SW PARTNERS GROUP HOLDING AG | 0.17% | 641.40 | -0.90% | -3.69% | -11.82% | -31.19% | 5 |
| CPAY Corpay Inc | 0.17% | 412.56 | +1.06% | -0.92% | -2.98% | +37.10% | 42 |
| RF Regions Financial Corp | 0.16% | 30.03 | -0.33% | -1.28% | -5.15% | +12.95% | 24 |
| NN Nextnav Inc | 0.16% | 15.54 | +2.37% | +2.37% | -20.35% | -6.61% | 0 |
| BAP Credicorp Ltd | 0.16% | 376.04 | -0.49% | -1.70% | +0.24% | +37.35% | 68 |
| TROW T Rowe Price Group | 0.16% | 105.80 | -0.46% | -3.63% | -4.94% | +4.88% | 25 |
| SHB-A.ST SVENSKA HANDELSBANKEN-A SHS | 0.15% | 151.25 | +0.27% | +0.30% | +1.99% | +28.92% | 81 |
| FIS Fidelity National Information Services | 0.15% | 38.18 | +0.10% | -7.80% | -13.48% | -42.06% | 3 |
| ABN.AS ABN AMRO BANK NV | 0.15% | 43.08 | -1.01% | -0.78% | +5.71% | +49.69% | 91 |
| ACA Arcosa Inc | 0.15% | 145.15 | +0.10% | -0.21% | +0.13% | +36.69% | 66 |
| PFG Principal Financial Group | 0.14% | 116.90 | +0.63% | +0.19% | +1.71% | +34.78% | 80 |
| HBAN Huntington Bancshares | 0.14% | 16.77 | -0.53% | -1.53% | -5.63% | -2.36% | 19 |
| WRB W.R. Berkley Corp | 0.14% | 70.87 | +1.39% | +2.50% | +0.57% | +2.11% | 71 |
| KEY Keycorp | 0.14% | 21.93 | +0.41% | -1.13% | -4.61% | +8.36% | 29 |
| BBD Banco Bradesco S.A. ADR | 0.13% | 3.54 | -1.67% | +2.02% | +12.50% | +11.14% | 98 |
| BIRG.LSE BANK OF IRELAND GROUP PLC | 0.13% | 17.66 | -1.78% | -2.75% | +2.67% | +10.92% | 83 |
| BAM Brookfield Asset Management Ltd | 0.13% | 46.63 | -1.33% | -7.85% | -15.71% | -8.25% | 2 |
| L Loews Corp | 0.13% | 109.20 | +0.38% | -0.09% | -3.07% | +3.81% | 41 |
| BAER Bridger Aerospace Group Holdings Inc | 0.12% | 74.30 | -0.43% | -0.67% | -1.98% | +24.26% | 47 |
| GPN Global Payments Inc | 0.12% | 90.19 | +2.15% | -2.26% | -4.89% | +16.91% | 26 |
| BRO Brown & Brown | 0.12% | 68.33 | +3.23% | -4.33% | -4.58% | -13.82% | 30 |
| EG Everest Re Group | 0.10% | 379.54 | +2.11% | +0.19% | +3.69% | +12.54% | 89 |
| IAG Iamgold Corp | 0.09% | 19.79 | -2.32% | -3.37% | +11.49% | +20.01% | 96 |
| SUN Sunoco LP | 0.09% | 79.13 | +1.88% | +4.67% | +6.34% | +57.86% | 93 |
| BG Bunge Ltd | 0.09% | 121.23 | -0.96% | +2.12% | +8.22% | +37.70% | 95 |
| AIZ Assurant Inc | 0.09% | 283.27 | +0.29% | -0.86% | +0.84% | +18.09% | 73 |
| GL Globe Life Inc | 0.09% | 172.92 | +1.02% | -0.77% | -4.29% | +24.17% | 33 |
| IVZ Invesco Limited | 0.08% | 31.51 | -2.39% | -4.72% | -1.98% | +21.86% | 48 |
| ASRNL.AS ASR NEDERLAND NV | 0.08% | 73.22 | -0.33% | -1.00% | +3.59% | +24.76% | 88 |
| ADM Archer Daniels Midland | 0.08% | 86.44 | -0.32% | +2.16% | +8.53% | +52.49% | 95 |
| EQT Eqt Corp | 0.08% | 53.21 | -1.59% | -3.55% | -1.61% | -0.17% | 51 |
| JKHY Jack Henry & Assoc | 0.07% | 164.55 | +2.13% | -0.66% | +5.58% | -9.09% | 90 |
| BEN Franklin Resources | 0.06% | 33.47 | -0.53% | -3.63% | -1.15% | +42.15% | 52 |
| MNG.LSE M&G PLC | 0.06% | 332.00 | -0.12% | -7.78% | -6.06% | +21.47% | 17 |
| INDU-C.ST INDUSTRIVARDEN SERIES | 0.06% | 523.80 | -1.13% | -2.13% | +0.96% | +28.51% | 74 |
| SDLF.LSE STANDARD LIFE PLC | 0.06% | 920.50 | +0.49% | -3.26% | +0.00% | +29.87% | 65 |
| ASX Ase Industrial Holding Ltd ADR | 0.06% | 37.08 | -6.06% | -1.15% | -6.46% | +130.31% | 14 |
| FDS Factset Research Systems | 0.06% | 276.93 | +6.63% | -8.29% | -3.57% | -3.61% | 37 |
| TRYG.CO TRYG | 0.05% | 153.50 | +0.26% | -1.16% | +0.07% | -5.35% | 65 |
| EXO.AS EXOR NV | 0.05% | 71.25 | +0.00% | -3.59% | +1.28% | -0.94% | 74 |
| INDU-A.ST INDUSTRIVARDEN A | 0.05% | 529.50 | -1.30% | -2.04% | +1.63% | +29.77% | 80 |
| ERIE Erie Indemnity Company | 0.04% | 253.88 | +3.61% | +0.43% | -0.76% | -10.45% | 56 |
| BSAC Banco Santander Chile ADR | 0.03% | 34.75 | -1.25% | -2.58% | +1.37% | +17.25% | 76 |
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
IXG dispersion — data Q&A
Is IXG's move broad or carried by a few names (21 sessions)?
As of 2026-09-14: over 21 sessions the fund returned -0.73% while its median constituent returned -1.84% — a dispersion of 6.14 pp; 43% of 133 members beat the fund. Weakening below the surface - the A/D line is falling while price holds up; leadership is narrowing.
How did IXG's members trade in the last session?
As of 2026-09-14: fund -0.23%, median member -0.09%, 64 advancers vs 68 decliners.
What does the dispersion page for IXG 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. 133 constituents covered, re-baked nightly from the Closelook lake.
Is this investment advice?
No — a data surface in an investment research diary. It describes breadth inside a fund; it makes no recommendation.