Constituent dispersion · breadth vs the index
IXP — Global Communications
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 | +3.67% | +0.92 | -4pp | +0.11pp | Confirming ↑ |
| 1 month | -5.76% | +1.82 | +52pp | +16.52pp | Improving |
| 1 quarter | -3.78% | +0.39 | +12pp | +7.73pp | Improving |
Over the last 126 sessions: price down -10.97%, breadth down (-0.68/name) · % beating 24→81 · median−ETF -4.00pp→+13.40pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.32% | +0.00% | +0.32pp | 18 / 18 | 25 / 13 | 27 of 38 | ±2.44% |
| 5d | +3.67% | +2.31% | -1.36pp | 30 / 8 | 11 / 27 | 6 of 38 | ±5.9% |
| 21d | -5.76% | +7.63% | +13.40pp | 27 / 11 | 31 / 7 | 1 of 38 | ±11.75% |
| YTD | -8.15% | -3.96% | +4.19pp | 14 / 24 | 24 / 14 | 3 of 38 | ±18.36% |
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%+0.09pp
- CHTR+10.61%+0.04pp
- T+0.64%+0.03pp
- CMCSA+0.98%+0.02pp
- VZ+0.54%+0.02pp
- NFLX-1.08%-0.05pp
- GOOG-0.38%-0.04pp
- GOOGL-0.27%-0.04pp
- ORA-2.32%-0.02pp
- VOD-1.21%-0.01pp
This month (21d)
- CMCSA+19.68%+0.47pp
- DIS+9.88%+0.45pp
- VZ+8.25%+0.35pp
- TMUS+11.33%+0.27pp
- DTE+8.54%+0.26pp
- GOOGL-18.52%-2.46pp
- META-13.67%-2.02pp
- GOOG-18.35%-1.93pp
- NFLX-10.41%-0.44pp
- T-2.45%-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)
- CHTR+30.82%
- TTD+29.15%
- CMCSA+19.68%
- CAR+18.06%
- OMC+15.27%
- GOOGL-18.52%
- GOOG-18.35%
- META-13.67%
- PSKY-12.25%
- NFLX-10.41%
IXP — constituent leadership race
$100 in each covered IXP 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 — 38 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| META META Platforms Inc | 14.74% | 641.39 | +0.00% | +3.28% | -13.67% | -2.75% | 5 |
| GOOGL Alphabet Cl A | 13.27% | 287.38 | -0.27% | +2.62% | -18.52% | -8.12% | 0 |
| GOOG Alphabet Cl C | 10.54% | 284.92 | -0.38% | +2.39% | -18.35% | -9.14% | 3 |
| DIS Walt Disney Company | 4.53% | 119.21 | +0.08% | +4.41% | +9.88% | +4.78% | 63 |
| VZ Verizon Communications | 4.21% | 46.31 | +0.54% | +2.37% | +8.25% | +17.41% | 55 |
| NFLX Netflix Inc | 4.18% | 63.26 | -1.08% | -0.25% | -10.41% | -32.53% | 11 |
| T AT&T Inc | 4.12% | 21.94 | +0.64% | +2.57% | -2.45% | -9.70% | 24 |
| DTE Dte Energy Company | 3.06% | 138.99 | +0.46% | +3.52% | +8.54% | +8.61% | 58 |
| TMUS T-Mobile US | 2.38% | 169.08 | +0.22% | +9.50% | +11.33% | -16.33% | 66 |
| CMCSA Comcast Corp A | 2.37% | 24.75 | +0.98% | +4.56% | +19.68% | -9.57% | 92 |
| WBD Discovery Inc Series A | 1.77% | 30.95 | +0.00% | +0.32% | +9.56% | +7.39% | 61 |
| EA Electronic Arts Inc | 1.20% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 37 |
| TTWO Take-Two Interactive | 1.09% | 224.64 | +8.31% | +15.21% | +7.58% | -12.26% | 45 |
| ORA Ormat Technologies | 1.03% | 92.38 | -2.32% | -1.92% | +0.75% | -16.12% | 34 |
| VOD Vodafone Grp Plc ADR | 0.78% | 15.50 | -1.21% | -0.77% | +0.71% | +19.53% | 32 |
| LYV Live Nation Entertainment | 0.69% | 178.25 | +0.91% | -0.35% | +5.08% | +25.09% | 39 |
| UMG.AS UNIVERSAL MUSIC GROUP NV | 0.65% | 17.05 | -0.64% | +0.77% | +14.35% | -22.26% | 79 |
| OMC Omnicom Group Inc | 0.61% | 88.84 | +0.38% | +6.82% | +15.27% | +11.12% | 87 |
| BCE BCE Inc | 0.60% | 21.64 | +0.70% | +5.36% | +14.74% | -6.79% | 82 |
| SCMN.SW SWISSCOM AG | 0.58% | 708.00 | -0.42% | +1.07% | +13.10% | +27.80% | 76 |
| KPN.AS KONINKLIJKE KPN NV | 0.54% | 4.38 | -0.21% | +1.30% | +12.81% | +12.64% | 74 |
| T AT&T Inc | 0.51% | 21.94 | +0.64% | +2.57% | -2.45% | -9.70% | 24 |
| CLNX.MC CELLNEX TELECOM | 0.51% | 26.48 | -1.08% | +1.38% | +7.64% | -2.13% | 53 |
| TEF.MC Telefonica S.A. ADR | 0.49% | 3.43 | +0.62% | +2.85% | +6.62% | -1.75% | 42 |
| SATS Echostar Corp | 0.46% | 95.49 | -0.01% | +3.87% | -5.31% | -12.15% | 18 |
| CHTR Charter Communications | 0.34% | 134.06 | +10.61% | +17.81% | +30.82% | -35.78% | 97 |
| FOXA Fox Corp Cl A | 0.34% | 67.37 | -0.47% | +0.40% | +7.64% | -7.35% | 50 |
| TKO Tko Group Holdings Cl A | 0.33% | 199.22 | -0.22% | +6.42% | +14.86% | -4.30% | 84 |
| TELIA.ST TELIA COMPANY | 0.33% | 48.95 | -0.31% | +0.14% | +12.79% | +27.09% | 71 |
| TEL Te Connectivity Ltd | 0.28% | 217.76 | -0.45% | -0.91% | +0.22% | -3.62% | 29 |
| NWSA News Corp Cl A | 0.26% | 26.61 | +0.15% | -9.67% | -9.43% | +2.30% | 13 |
| TTD Trade Desk Inc | 0.25% | 15.42 | +3.28% | +19.91% | +29.15% | -59.38% | 95 |
| FOX Fox Corp Cl B | 0.21% | 60.25 | -0.43% | +1.04% | +7.63% | -6.71% | 47 |
| ELISA.HE ELISA | 0.18% | 33.68 | -0.94% | +2.25% | -2.94% | -9.46% | 21 |
| CAR Avis Budget Group | 0.18% | 124.08 | -2.80% | +13.48% | +18.06% | -3.30% | 89 |
| WPP Wpp Plc ADR | 0.10% | 28.01 | +0.83% | +2.00% | +12.63% | +30.70% | 68 |
| NWS News Corp Cl B | 0.10% | 29.81 | +1.64% | -7.02% | -7.94% | +0.98% | 16 |
| PSKY Paramount Skydance Corp Cl B | 0.08% | 9.53 | -2.51% | -4.60% | -12.25% | -28.51% | 8 |
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
IXP dispersion — data Q&A
Is IXP's move broad or carried by a few names (21 sessions)?
As of 2026-11-10: over 21 sessions the fund returned -5.76% while its median constituent returned +7.63% — a dispersion of 11.75 pp; 82% of 38 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 IXP's members trade in the last session?
As of 2026-11-10: fund -0.32%, median member +0.00%, 18 advancers vs 18 decliners.
What does the dispersion page for IXP 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. 38 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.