Constituent dispersion · breadth vs the index
IXN — iShares Global Tech
Concentration 49.47% in top 5 15.13 effective names · HHI 661
RS vs S&P 500 21d -8.14pp sector return − SPY
RS vs Nasdaq-100 21d -2.12pp sector return − QQQ
Improving below the surface - the A/D line is rising while price is flat-to-down; more names participating than the headline shows. Last 21 sessions — price -6.51% · A/D +2 (+0.02/name)
IXN 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 | -5.79% | -0.49 | +2pp | +4.28pp | Confirming ↓ |
| 1 month | -6.51% | +0.02 | +24pp | +13.72pp | Improving |
| 1 quarter | +6.72% | +0.61 | +30pp | +20.35pp | Confirming ↑ |
Over the last 126 sessions: price up +17.57%, breadth up (+5.54/name) · % beating 34→63 · median−ETF -3.66pp→+9.29pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -2.08% | +0.25% | +2.33pp | 45 / 42 | 58 / 29 | 10 of 87 | ±5.2% |
| 5d | -5.79% | -1.35% | +4.44pp | 40 / 47 | 60 / 27 | 9 of 87 | ±10.95% |
| 21d | -6.51% | +2.33% | +8.84pp | 47 / 40 | 55 / 32 | 4 of 87 | ±17.35% |
| YTD | +23.00% | +14.76% | -8.24pp | 52 / 34 | 37 / 49 | 0 of 86 | ±65.26% |
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)
- AAPL+0.94%+0.1pp
- MSFT+1.09%+0.08pp
- IBM+5.21%+0.05pp
- SAP+4.77%+0.04pp
- NVDA+0.25%+0.03pp
- MU-8.85%-0.33pp
- AMD-8.15%-0.26pp
- INTC-5.86%-0.14pp
- SNDK-14.25%-0.14pp
- LRCX-7.54%-0.12pp
This month (21d)
- AAPL+19.84%+2.18pp
- MSFT+5.46%+0.42pp
- NVDA+2.33%+0.3pp
- AVGO+4.35%+0.21pp
- ACN+27.66%+0.13pp
- MU-27.52%-1.02pp
- INTC-32.75%-0.79pp
- LRCX-28.88%-0.47pp
- SNDK-47.57%-0.47pp
- AMD-12.84%-0.41pp
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)
- WDAY+28.56%
- ACN+27.66%
- CTSH+25.68%
- EPAM+24.44%
- HPQ+23.65%
- SNDK-47.57%
- GLW-42.99%
- COHR-36.06%
- INTC-32.75%
- NOKIA-30.64%
IXN — constituent leadership race
$100 in each covered IXN 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 — 87 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| NVDA Nvidia Corp | 13.10% | 197.01 | +0.25% | -4.96% | +2.33% | +5.76% | 49 |
| AAPL Apple Inc | 11.00% | 340.08 | +0.94% | +3.77% | +19.84% | +25.21% | 90 |
| MSFT Microsoft Corp | 7.64% | 393.35 | +1.09% | -1.11% | +5.46% | -18.48% | 59 |
| AVGO Broadcom Ltd | 4.83% | 380.91 | -0.60% | -1.45% | +4.35% | +10.29% | 55 |
| MU Micron Technology | 3.72% | 820.53 | -8.85% | -15.48% | -27.52% | +187.61% | 7 |
| AMD Adv Micro Devices | 3.18% | 454.62 | -8.15% | -16.50% | -12.84% | +112.28% | 26 |
| ASML ASML Holdings NY Reg ADR | 2.62% | 1582.95 | -4.24% | -12.02% | -11.79% | +48.48% | 30 |
| INTC Intel Corp | 2.41% | 86.30 | -5.86% | -18.16% | -32.75% | +133.88% | 3 |
| CSCO Cisco Systems Inc | 2.03% | 115.58 | +0.88% | +3.03% | +1.97% | +51.67% | 47 |
| LRCX Lam Research Corp | 1.64% | 269.61 | -7.54% | -16.27% | -28.88% | +57.80% | 6 |
| AMAT Applied Materials | 1.47% | 476.46 | -7.82% | -15.60% | -23.99% | +85.63% | 11 |
| ORCL Oracle Corp | 1.40% | 119.96 | +0.05% | -5.58% | -19.24% | -38.08% | 16 |
| PLTR Palantir Technologies Cl A | 1.36% | 123.53 | -6.08% | -6.88% | +9.39% | -30.50% | 66 |
| TXN Texas Instruments | 1.17% | 277.07 | -0.84% | -4.88% | -2.93% | +60.75% | 40 |
| KLAC K L A-Tencor Corp | 1.05% | 190.80 | -6.18% | -12.30% | -23.26% | — | 13 |
| IBM Intl Business Machines | 1.02% | 227.55 | +5.21% | +8.10% | -16.23% | -22.74% | 20 |
| SNDK Sandisk Corp | 0.99% | 1096.10 | -14.25% | -31.04% | -47.57% | +361.75% | 0 |
| QCOM Qualcomm Inc | 0.99% | 162.88 | -4.21% | -6.12% | -14.00% | -4.17% | 24 |
| PANW Palo Alto Networks | 0.88% | 319.00 | +0.53% | -6.77% | +4.87% | +73.18% | 57 |
| ADI Analog Devices | 0.81% | 365.83 | -1.63% | -4.44% | -5.45% | +35.32% | 38 |
| SAP SAP Ag ADR | 0.77% | 179.17 | +4.77% | +16.09% | +15.53% | -26.24% | 85 |
| STX Seagate Technology Holdings | 0.77% | 747.30 | -8.53% | -16.21% | -16.96% | +171.83% | 18 |
| CRM Salesforce Inc | 0.72% | 181.50 | +4.55% | +6.73% | +14.61% | -31.31% | 82 |
| WDC Western Digital Corp | 0.71% | 463.51 | -6.91% | -15.48% | -20.96% | +169.19% | 14 |
| CRWD Crowdstrike Holdings | 0.71% | 181.80 | +0.94% | -4.89% | +3.72% | +55.13% | 51 |
| APH Amphenol Corp | 0.67% | 143.85 | -3.64% | -8.85% | -12.14% | +6.66% | 29 |
| ANET Arista Networks Inc | 0.66% | 169.71 | -0.61% | -2.79% | +7.68% | +29.52% | 61 |
| GLW Corning Inc | 0.65% | 126.01 | -12.10% | -22.41% | -42.99% | +44.18% | 1 |
| APP Applovin Corp Cl A | 0.57% | 418.22 | +1.33% | -2.44% | -12.34% | -37.93% | 28 |
| SHOP Shopify Inc | 0.56% | 130.28 | +2.68% | +5.89% | +11.48% | -19.07% | 70 |
| ACN Accenture Plc | 0.47% | 164.66 | +6.88% | +16.90% | +27.66% | -37.75% | 98 |
| NOW Servicenow Inc | 0.45% | 110.62 | +4.79% | +8.39% | +12.49% | -27.79% | 74 |
| IFX INFINEON TECHNOLOGIES AG | 0.45% | 57.77 | -6.05% | -14.47% | -26.16% | +54.29% | 10 |
| ADBE Adobe Systems Inc | 0.43% | 249.18 | +4.81% | +9.69% | +22.91% | -28.80% | 93 |
| CDNS Cadence Design Sys | 0.42% | 344.72 | +1.80% | +0.02% | -8.63% | +10.28% | 31 |
| SNPS Synopsys Inc | 0.42% | 383.82 | -1.33% | -1.35% | -15.52% | -18.29% | 21 |
| INTU Intuit Inc | 0.37% | 312.99 | +2.99% | +7.96% | +16.91% | -52.52% | 89 |
| CIEN Ciena Corp | 0.36% | 350.51 | -7.09% | -14.24% | -26.90% | +49.87% | 8 |
| FTNT Fortinet Inc | 0.36% | 149.98 | -1.58% | -5.14% | -0.91% | +88.87% | 45 |
| MPWR Monolithic Power Sys | 0.33% | 1282.01 | -4.26% | -7.32% | -2.24% | +41.73% | 41 |
| NOKIA NOKIA | 0.33% | 86.46 | -1.48% | -16.26% | -30.64% | +44.87% | 5 |
| NXPI Nxp Semiconductors | 0.33% | 259.12 | -3.19% | -5.14% | -6.46% | +20.00% | 37 |
| DELL Dell Technologies Inc | 0.33% | 392.10 | -8.15% | -2.98% | -1.85% | +213.82% | 43 |
| DDOG Datadog Inc Cl A | 0.31% | 250.88 | -0.39% | -1.53% | +4.63% | +84.48% | 56 |
| COHR Coherent Corp | 0.31% | 243.33 | -10.31% | -23.29% | -36.06% | +31.84% | 2 |
| LITE Lumentum Holdings | 0.30% | 651.93 | -8.43% | -22.16% | -20.20% | +76.87% | 15 |
| MSI Motorola Solutions | 0.29% | 440.31 | +3.90% | +8.38% | +9.29% | +15.17% | 64 |
| TEL Te Connectivity Ltd | 0.26% | 214.29 | +3.23% | +2.53% | +8.37% | -5.16% | 63 |
| KEYS Keysight Technologies | 0.25% | 305.17 | -2.71% | -6.99% | -7.15% | +50.19% | 33 |
| TER Teradyne Inc | 0.24% | 320.65 | -4.22% | -14.27% | -26.60% | +65.73% | 9 |
| ADSK Autodesk Inc | 0.22% | 237.38 | +5.08% | +12.42% | +20.95% | -19.81% | 91 |
| MCHP Microchip Technology | 0.21% | 75.71 | -2.81% | -9.20% | -13.90% | +19.52% | 25 |
| HPE Hewlett Packard Enterprise | 0.20% | 45.59 | -5.40% | -2.42% | +4.30% | +91.02% | 54 |
| ON On Semiconductor | 0.19% | 84.39 | -5.22% | -7.32% | -6.91% | +55.84% | 36 |
| CLS Celestica Inc | 0.18% | 350.20 | +10.04% | +3.12% | +3.75% | +18.47% | 52 |
| JBL Jabil Circuit | 0.16% | 302.95 | -2.74% | -5.01% | -15.52% | +32.93% | 22 |
| ROP Roper Industries | 0.15% | 390.92 | +4.24% | +11.47% | +15.55% | -11.78% | 86 |
| Q Qnity Electronics Inc | 0.14% | 127.89 | -3.82% | -7.85% | -19.16% | +56.81% | 17 |
| FICO Fair Isaac and Company | 0.13% | 1336.22 | +4.35% | +8.87% | +12.97% | -20.96% | 76 |
| TDY Teledyne Technologies | 0.12% | 649.67 | -0.30% | +0.34% | +4.07% | +27.20% | 53 |
| FSLR First Solar Inc | 0.12% | 202.59 | -1.57% | -1.68% | -15.26% | -22.45% | 23 |
| WDAY Workday Inc | 0.11% | 159.69 | +8.24% | +13.12% | +28.56% | -25.65% | 99 |
| VRSN Verisign Inc | 0.11% | 281.15 | +2.30% | +5.64% | +9.99% | +16.46% | 67 |
| CTSH Cognizant Tech Sol | 0.11% | 50.31 | +6.93% | +15.31% | +25.68% | -39.08% | 97 |
| NTAP Netapp Inc | 0.11% | 174.53 | +2.79% | +5.29% | +14.48% | +64.61% | 80 |
| HLMA HALMA PLC | 0.10% | 3530.00 | -1.18% | -2.38% | -8.45% | -0.23% | 32 |
| FFIV F5 Inc | 0.09% | 403.46 | -1.10% | -1.29% | +2.26% | +58.06% | 48 |
| AKAM Akamai Technologies | 0.09% | 111.79 | -0.94% | -10.50% | -1.32% | +28.13% | 44 |
| HPQ HP Inc | 0.09% | 28.29 | +6.55% | +14.03% | +23.65% | +29.04% | 94 |
| CAP Capitol Investment Corp V Cl A | 0.08% | 101.70 | +6.92% | +12.97% | +12.33% | -28.51% | 72 |
| PTC Ptc Inc | 0.08% | 127.51 | +1.84% | +5.58% | +10.19% | -26.81% | 68 |
| SMCI Super Micro Computer | 0.07% | 28.45 | -4.56% | +11.57% | -7.12% | -2.80% | 34 |
| DSY Big Tree Cloud Holdings Limited | 0.07% | 21.01 | +2.94% | +17.28% | +16.21% | -11.87% | 87 |
| LOGN Logansport Financial Corp | 0.06% | 87.80 | +0.90% | +3.95% | +10.33% | +7.68% | 69 |
| CDW CDW Corp | 0.06% | 144.03 | +4.34% | +11.03% | +8.05% | +6.91% | 62 |
| GEN Gen Digital Inc | 0.06% | 27.58 | +3.14% | +5.63% | +12.80% | +2.52% | 75 |
| TRMB Trimble Navigation | 0.06% | 58.38 | +4.68% | +12.59% | +15.15% | -25.49% | 83 |
| TYL Tyler Technologies | 0.06% | 333.35 | +5.53% | +11.21% | +13.23% | -26.57% | 78 |
| GDDY Godaddy Inc | 0.05% | 102.92 | +6.75% | +11.48% | +21.73% | -17.05% | 92 |
| ZBRA Zebra Technologies | 0.05% | 284.40 | +7.49% | +8.38% | +13.07% | +17.12% | 77 |
| SGE Strong Global Entertainment Cl A | 0.05% | 939.80 | +5.50% | +12.50% | +13.89% | -11.21% | 79 |
| IT Gartner Inc | 0.05% | 155.84 | +5.69% | +15.63% | +15.47% | -38.23% | 84 |
| SWKS Skyworks Solutions | 0.05% | 64.68 | +1.95% | +2.75% | -4.88% | +4.12% | 39 |
| NXT Nextpower Inc | 0.03% | 15240.00 | +1.30% | +1.94% | +5.79% | +14.35% | 60 |
| OTEX Open Text Corp | 0.03% | 24.79 | +4.95% | +8.87% | +12.22% | -22.19% | 71 |
| EPAM Epam Systems Inc | 0.02% | 100.40 | +6.62% | +12.53% | +24.44% | -51.00% | 95 |
| TEMN TEMENOS AG | 0.02% | 66.60 | +2.23% | -1.19% | +0.68% | -16.33% | 46 |
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.
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Dispersion is computed across the constituents we cover in our data lake (see coverage badge). Decision-support, not investment advice.