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 | +2.77% | +0.03 | -15pp | -2.39pp | Confirming ↑ |
| 1 month | +3.66% | +0.57 | -40pp | -8.80pp | Confirming ↑ |
| 1 quarter | +2.69% | +0.41 | -44pp | -6.80pp | Confirming ↑ |
Over the last 126 sessions: price up +1.68%, breadth up (+0.27/name) · % beating 57→34 · median−ETF +1.29pp→-2.40pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.41% | +1.34% | -0.07pp | 27 / 9 | 18 / 19 | 11 of 37 | ±2.29% |
| 5d | +2.77% | +1.66% | -1.11pp | 26 / 11 | 16 / 21 | 10 of 37 | ±4.84% |
| 21d | +3.66% | +1.26% | -2.40pp | 22 / 15 | 10 / 27 | 6 of 37 | ±7.94% |
| YTD | +0.30% | -1.08% | -1.37pp | 18 / 19 | 18 / 19 | 2 of 37 | ±18.08% |
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)
- GOOGL+3.22%+0.43pp
- META+2.71%+0.4pp
- GOOG+3.06%+0.32pp
- NFLX+3.77%+0.16pp
- DIS+1.91%+0.09pp
- DTE-1.09%-0.03pp
- ORA-2.96%-0.03pp
- CMCSA-1.27%-0.03pp
- SATS-4.14%-0.02pp
- TEL-4.05%-0.01pp
This month (21d)
- META+11.87%+1.75pp
- T+7.85%+0.32pp
- VZ+6.37%+0.27pp
- DIS+3.62%+0.16pp
- GOOGL+0.87%+0.12pp
- ORA-18.80%-0.19pp
- DTE-6.02%-0.18pp
- SATS-26.16%-0.12pp
- CMCSA-4.97%-0.12pp
- TTWO-7.85%-0.09pp
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)
- META+11.87%
- PSKY+9.03%
- VOD+8.08%
- T+7.85%
- T+7.85%
- SATS-26.16%
- ORA-18.80%
- CAR-13.35%
- CHTR-8.42%
- OMC-8.25%
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 — 37 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| META META Platforms Inc | 14.74% | 665.60 | +2.71% | +7.92% | +11.87% | +0.92% | 97 |
| GOOGL Alphabet Cl A | 13.27% | 349.39 | +3.22% | +3.23% | +0.87% | +11.70% | 46 |
| GOOG Alphabet Cl C | 10.54% | 345.71 | +3.06% | +3.10% | +0.51% | +10.25% | 41 |
| DIS Walt Disney Company | 4.53% | 108.59 | +1.91% | +3.11% | +3.62% | -4.55% | 70 |
| VZ Verizon Communications | 4.21% | 51.29 | +1.34% | +2.29% | +6.37% | +30.04% | 81 |
| NFLX Netflix Inc | 4.18% | 80.32 | +3.77% | +2.65% | +2.66% | -14.33% | 57 |
| T AT&T Inc | 4.12% | 26.51 | +1.73% | +3.23% | +7.85% | +9.10% | 86 |
| DTE Dte Energy Company | 3.06% | 131.13 | -1.09% | -3.64% | -6.02% | +2.47% | 22 |
| TMUS T-Mobile US | 2.38% | 182.90 | +0.31% | +0.76% | -0.26% | -9.49% | 35 |
| CMCSA Comcast Corp A | 2.37% | 24.88 | -1.27% | -6.08% | -4.97% | -9.10% | 24 |
| WBD Discovery Inc Series A | 1.77% | 28.10 | +0.21% | -0.53% | +1.26% | -2.50% | 49 |
| EA Electronic Arts Inc | 1.20% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 54 |
| TTWO Take-Two Interactive | 1.09% | 222.91 | +3.45% | +3.83% | -7.85% | -12.94% | 16 |
| ORA Ormat Technologies | 1.03% | 92.08 | -2.96% | -12.68% | -18.80% | -16.39% | 3 |
| VOD Vodafone Grp Plc ADR | 0.78% | 17.53 | +0.75% | +3.73% | +8.08% | +35.18% | 92 |
| LYV Live Nation Entertainment | 0.69% | 171.49 | +0.79% | -1.16% | -7.83% | +20.34% | 19 |
| UMG.AS UNIVERSAL MUSIC GROUP NV | 0.65% | 14.79 | +1.27% | +4.71% | -1.04% | -32.56% | 32 |
| OMC Omnicom Group Inc | 0.61% | 81.07 | +2.61% | -1.88% | -8.25% | +1.40% | 11 |
| BCE BCE Inc | 0.60% | 23.47 | +0.34% | -0.84% | +0.64% | +1.10% | 43 |
| SCMN.SW SWISSCOM AG | 0.58% | 659.50 | +1.23% | +4.02% | +3.21% | +19.05% | 68 |
| KPN.AS KONINKLIJKE KPN NV | 0.54% | 4.16 | +2.03% | +1.61% | +2.18% | +7.16% | 51 |
| T AT&T Inc | 0.51% | 26.51 | +1.73% | +3.23% | +7.85% | +9.10% | 86 |
| CLNX.MC CELLNEX TELECOM | 0.51% | 25.43 | -0.93% | +0.20% | -8.00% | -6.01% | 14 |
| TEF.MC Telefonica S.A. ADR | 0.49% | 3.67 | +0.57% | +1.66% | -0.24% | +5.18% | 38 |
| SATS Echostar Corp | 0.46% | 92.03 | -4.14% | -8.74% | -26.16% | -15.34% | 0 |
| CHTR Charter Communications | 0.34% | 143.35 | -1.66% | -5.68% | -8.42% | -31.33% | 8 |
| FOXA Fox Corp Cl A | 0.34% | 68.53 | +3.93% | +4.75% | +4.71% | -5.75% | 73 |
| TKO Tko Group Holdings Cl A | 0.33% | 193.72 | +1.79% | +4.14% | -2.98% | -6.94% | 30 |
| TELIA.ST TELIA COMPANY | 0.33% | 46.77 | +2.84% | +4.65% | +6.42% | +21.43% | 84 |
| TEL Te Connectivity Ltd | 0.28% | 203.37 | -4.05% | -2.53% | -4.92% | -9.99% | 27 |
| NWSA News Corp Cl A | 0.26% | 30.56 | +3.80% | +0.90% | +5.60% | +17.49% | 78 |
| TTD Trade Desk Inc | 0.25% | 14.97 | +4.39% | +3.74% | +2.82% | -60.56% | 59 |
| FOX Fox Corp Cl B | 0.21% | 61.14 | +4.60% | +4.66% | +5.23% | -5.33% | 76 |
| ELISA.HE ELISA | 0.18% | 36.80 | -0.05% | +3.72% | +3.02% | -1.08% | 65 |
| CAR Avis Budget Group | 0.18% | 118.70 | -2.50% | -14.44% | -13.35% | -7.50% | 5 |
| NWS News Corp Cl B | 0.10% | 33.86 | +3.52% | +0.18% | +2.82% | +14.70% | 62 |
| PSKY Paramount Skydance Corp Cl B | 0.08% | 10.87 | +2.55% | +0.09% | +9.03% | -18.46% | 95 |
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 2026-09-14: over 21 sessions the fund returned +3.66% while its median constituent returned +1.26% — a dispersion of 7.94 pp; 27% of 37 members beat the fund. Broad advance - breadth is rising with price.
How did IXP's members trade in the last session?
As of 2026-09-14: fund +1.41%, median member +1.34%, 27 advancers vs 9 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. 37 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.