Constituent dispersion · breadth vs the index
QTEC — First Trust Nasdaq-100 Technology
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 | -5.93% | -1.13 | +6pp | +5.15pp | Confirming ↓ |
| 1 month | -7.88% | -0.76 | +20pp | +16.40pp | Confirming ↓ |
| 1 quarter | +11.22% | -0.16 | +15pp | +8.48pp | Weakening |
Over the last 126 sessions: price up +20.24%, breadth up (+2.69/name) · % beating 38→62 · median−ETF -2.89pp→+6.98pp.
Stocks above their moving average — participation breadth
Of the 45 covered constituents, the share trading above each simple moving average — the classic breadth gauge. A firm index price with a low %-above-MA is a narrow, top-heavy tape. As of 2026-07-28.
New highs & new lows — by horizon
How many of the 45 covered constituents closed today at a new high (or low) over each window, and the net. A shrinking net as the index holds up = fewer names leading.
| Horizon | New highs | New lows | Net |
|---|---|---|---|
| 5-Day | 15 (33%) | 21 (47%) | -6 |
| 1-Month | 9 (20%) | 17 (38%) | -8 |
| 3-Month | 5 (11%) | 3 (7%) | +2 |
| 6-Month | 2 (4%) | 1 (2%) | +1 |
| 52-Week | 1 (2%) | 1 (2%) | +0 |
| YTD | 1 (2%) | 1 (2%) | +0 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -1.80% | -0.60% | +1.20pp | 20 / 25 | 27 / 18 | 5 of 45 | ±5.04% |
| 5d | -5.93% | -4.89% | +1.04pp | 13 / 32 | 27 / 18 | 7 of 45 | ±10.03% |
| 21d | -7.88% | -0.91% | +6.98pp | 21 / 24 | 28 / 17 | 1 of 45 | ±18.23% |
| YTD | +26.51% | +10.29% | -16.23pp | 26 / 18 | 18 / 26 | 0 of 44 | ±80.27% |
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)
- WDAY+8.24%+0.14pp
- DASH+6.05%+0.09pp
- CTSH+6.93%+0.09pp
- TRI+5.66%+0.08pp
- ADBE+4.81%+0.08pp
- MRVL-7.77%-0.42pp
- SNDK-14.25%-0.37pp
- ARM-8.11%-0.37pp
- AMD-8.15%-0.32pp
- MU-8.85%-0.32pp
This month (21d)
- WDAY+28.56%+0.47pp
- AAPL+19.84%+0.38pp
- ADBE+22.91%+0.36pp
- CTSH+25.68%+0.34pp
- TRI+23.15%+0.32pp
- MRVL-34.60%-1.89pp
- INTC-32.75%-1.27pp
- SNDK-47.57%-1.25pp
- ARM-26.78%-1.21pp
- MU-27.52%-0.98pp
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%
- CTSH+25.68%
- TRI+23.15%
- ADBE+22.91%
- ADSK+20.95%
- SNDK-47.57%
- MRVL-34.60%
- INTC-32.75%
- LRCX-28.88%
- MU-27.52%
QTEC — constituent leadership race
$100 in each covered QTEC 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 — 45 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| MRVL Marvell Technology Inc | 5.46% | 174.47 | -7.77% | -16.10% | -34.60% | +105.56% | 2 |
| ARM Arm Holdings Plc ADR | 4.51% | 244.74 | -8.11% | -15.53% | -26.78% | +123.90% | 11 |
| AMD Adv Micro Devices | 3.94% | 454.62 | -8.15% | -16.50% | -12.84% | +112.28% | 29 |
| INTC Intel Corp | 3.87% | 86.30 | -5.86% | -18.16% | -32.75% | +133.88% | 4 |
| MU Micron Technology | 3.57% | 820.53 | -8.85% | -15.48% | -27.52% | +187.61% | 9 |
| STX Seagate Technology Holdings | 3.42% | 747.30 | -8.53% | -16.21% | -16.96% | +171.83% | 20 |
| WDC Western Digital Corp | 2.98% | 463.51 | -6.91% | -15.48% | -20.96% | +169.19% | 18 |
| DDOG Datadog Inc Cl A | 2.95% | 250.88 | -0.39% | -1.53% | +4.63% | +84.48% | 60 |
| QCOM Qualcomm Inc | 2.83% | 162.88 | -4.21% | -6.12% | -14.00% | -4.17% | 24 |
| FTNT Fortinet Inc | 2.79% | 149.98 | -1.58% | -5.14% | -0.91% | +88.87% | 49 |
| CRWD Crowdstrike Holdings | 2.67% | 181.80 | +0.94% | -4.89% | +3.72% | +55.13% | 56 |
| SNDK Sandisk Corp | 2.63% | 1096.10 | -14.25% | -31.04% | -47.57% | +361.75% | 0 |
| PANW Palo Alto Networks | 2.60% | 319.00 | +0.53% | -6.77% | +4.87% | +73.18% | 62 |
| NXPI Nxp Semiconductors | 2.55% | 259.12 | -3.19% | -5.14% | -6.46% | +20.00% | 38 |
| TXN Texas Instruments | 2.47% | 277.07 | -0.84% | -4.88% | -2.93% | +60.75% | 42 |
| MPWR Monolithic Power Sys | 2.35% | 1282.01 | -4.26% | -7.32% | -2.24% | +41.73% | 44 |
| MCHP Microchip Technology | 2.32% | 75.71 | -2.81% | -9.20% | -13.90% | +19.52% | 27 |
| LRCX Lam Research Corp | 2.23% | 269.61 | -7.54% | -16.27% | -28.88% | +57.80% | 7 |
| CDNS Cadence Design Sys | 2.20% | 344.72 | +1.80% | +0.02% | -8.63% | +10.28% | 36 |
| KLAC K L A-Tencor Corp | 2.16% | 190.80 | -6.18% | -12.30% | -23.26% | — | 16 |
| AMAT Applied Materials | 2.13% | 476.46 | -7.82% | -15.60% | -23.99% | +85.63% | 13 |
| ADI Analog Devices | 2.10% | 365.83 | -1.63% | -4.44% | -5.45% | +35.32% | 40 |
| AVGO Broadcom Ltd | 2.05% | 380.91 | -0.60% | -1.45% | +4.35% | +10.29% | 58 |
| ASML ASML Holdings NY Reg ADR | 2.02% | 1582.95 | -4.24% | -12.02% | -11.79% | +48.48% | 33 |
| NVDA Nvidia Corp | 1.92% | 197.01 | +0.25% | -4.96% | +2.33% | +5.76% | 53 |
| APP Applovin Corp Cl A | 1.92% | 418.22 | +1.33% | -2.44% | -12.34% | -37.93% | 31 |
| AAPL Apple Inc | 1.90% | 340.08 | +0.94% | +3.77% | +19.84% | +25.21% | 87 |
| SNPS Synopsys Inc | 1.78% | 383.82 | -1.33% | -1.35% | -15.52% | -18.29% | 22 |
| MSFT Microsoft Corp | 1.70% | 393.35 | +1.09% | -1.11% | +5.46% | -18.48% | 64 |
| WDAY Workday Inc | 1.65% | 159.69 | +8.24% | +13.12% | +28.56% | -25.65% | 98 |
| META META Platforms Inc | 1.60% | 593.41 | -0.08% | -7.83% | +7.84% | -10.02% | 69 |
| ADBE Adobe Systems Inc | 1.58% | 249.18 | +4.81% | +9.69% | +22.91% | -28.80% | 91 |
| DASH Doordash Inc Cl A | 1.55% | 195.52 | +6.05% | +3.98% | +6.79% | -13.67% | 67 |
| SHOP Shopify Inc | 1.51% | 130.28 | +2.68% | +5.89% | +11.48% | -19.07% | 73 |
| MSTR Strategy Inc | 1.45% | 96.16 | -2.52% | -5.68% | +16.83% | -36.72% | 82 |
| ADSK Autodesk Inc | 1.43% | 237.38 | +5.08% | +12.42% | +20.95% | -19.81% | 89 |
| PLTR Palantir Technologies Cl A | 1.43% | 123.53 | -6.08% | -6.88% | +9.39% | -30.50% | 71 |
| ROP Roper Industries | 1.42% | 390.92 | +4.24% | +11.47% | +15.55% | -11.78% | 80 |
| TRI Thomson Reuters Corp | 1.37% | 103.29 | +5.66% | +13.88% | +23.15% | -19.94% | 93 |
| PDD Pdd Holdings Inc | 1.35% | 85.71 | +1.01% | +1.04% | +11.97% | -24.41% | 76 |
| ZS Zscaler Inc | 1.35% | 151.63 | +2.94% | +1.96% | +14.65% | -32.58% | 78 |
| CTSH Cognizant Tech Sol | 1.31% | 50.31 | +6.93% | +15.31% | +25.68% | -39.08% | 96 |
| INTU Intuit Inc | 1.01% | 312.99 | +2.99% | +7.96% | +16.91% | -52.52% | 84 |
| GOOGL Alphabet Cl A | 0.94% | 333.71 | +2.19% | -3.87% | -1.09% | +6.69% | 47 |
| GOOG Alphabet Cl C | 0.94% | 332.60 | +1.85% | -3.93% | -0.62% | +6.07% | 51 |
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.