Constituent dispersion · breadth vs the index
QTUM — Defiance Quantum
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 | -1.59% | +0.15 | +0pp | -0.74pp | Improving |
| 1 month | -12.40% | -0.08 | -2pp | -0.24pp | Confirming ↓ |
| 1 quarter | -17.07% | -1.76 | -5pp | -0.88pp | Confirming ↓ |
Over the last 126 sessions: price down -11.38%, breadth down (-2.68/name) · % beating 47→50 · median−ETF -4.93pp→+0.25pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.49% | -0.26% | +0.23pp | 28 / 34 | 37 / 25 | 20 of 62 | ±2.67% |
| 5d | -1.59% | -2.04% | -0.45pp | 22 / 40 | 29 / 33 | 10 of 62 | ±6.7% |
| 21d | -12.40% | -12.15% | +0.25pp | 13 / 49 | 31 / 31 | 4 of 62 | ±16.4% |
| YTD | +18.86% | +13.05% | -5.81pp | 39 / 22 | 27 / 34 | 0 of 61 | ±42.2% |
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)
- NET+4.10%+0.04pp
- AVGO+3.91%+0.03pp
- ONTO+1.79%+0.03pp
- AMD+1.30%+0.03pp
- LMT+2.54%+0.03pp
- COHR-4.68%-0.08pp
- QBTS-8.63%-0.06pp
- ARM-2.58%-0.06pp
- QUBT-8.16%-0.06pp
- TSEM-3.08%-0.05pp
This month (21d)
- NXPI+16.14%+0.18pp
- WIT+27.65%+0.18pp
- LMT+17.82%+0.18pp
- CRUS+13.02%+0.14pp
- BAH+18.73%+0.13pp
- INTC-42.64%-1.12pp
- MRVL-41.93%-1.09pp
- MU-26.67%-0.85pp
- ARM-28.89%-0.66pp
- ALAB-33.30%-0.64pp
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)
- WIT+27.65%
- ACN+21.28%
- BAH+18.73%
- LMT+17.82%
- NXPI+16.14%
- INTC-42.64%
- MRVL-41.93%
- CRWV-39.28%
- TER-36.07%
- ALAB-33.30%
QTUM — constituent leadership race
$100 in each covered QTUM 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 — 62 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| MU Micron Technology | 3.19% | 725.11 | -1.10% | -15.20% | -26.67% | +154.17% | 19 |
| INTC Intel Corp | 2.62% | 58.13 | -2.09% | -4.00% | -42.64% | +57.53% | 0 |
| MRVL Marvell Technology Inc | 2.59% | 154.39 | -0.14% | -10.22% | -41.93% | +81.90% | 2 |
| STM Stmicroelectronics N.V. ADR | 2.52% | 44.70 | +0.36% | -7.91% | -11.45% | +72.81% | 50 |
| ARM Arm Holdings Plc ADR | 2.30% | 181.49 | -2.58% | -10.37% | -28.89% | +66.03% | 11 |
| NOK Nokia Corp ADR | 2.04% | 8.25 | +0.86% | -2.71% | -16.67% | +28.43% | 37 |
| AMD Adv Micro Devices | 1.98% | 515.21 | +1.30% | +6.47% | -13.30% | +140.57% | 45 |
| ALAB Astera Labs Inc | 1.91% | 216.18 | -0.32% | -7.47% | -33.30% | +29.95% | 6 |
| LRCX Lam Research Corp | 1.87% | 222.39 | +0.49% | -3.61% | -28.16% | +30.16% | 13 |
| MKSI Mks Inc | 1.82% | 213.47 | +0.89% | +4.04% | -14.58% | +33.71% | 40 |
| ON On Semiconductor | 1.82% | 69.61 | +0.72% | -4.12% | -8.41% | +28.55% | 61 |
| TSEM Tower Semiconductor | 1.78% | 147.60 | -3.08% | -9.48% | -31.82% | +25.70% | 10 |
| AMAT Applied Materials | 1.77% | 372.53 | +0.53% | -2.46% | -25.12% | +45.14% | 24 |
| COHR Coherent Corp | 1.77% | 214.66 | -4.68% | +3.46% | -25.47% | +16.30% | 21 |
| KLAC K L A-Tencor Corp | 1.76% | 152.99 | +1.06% | -2.06% | -19.53% | +26.38% | 29 |
| TER Teradyne Inc | 1.69% | 245.40 | -0.24% | -8.89% | -36.07% | +26.84% | 5 |
| ONTO Onto Innovation Inc | 1.65% | 197.51 | +1.79% | -2.41% | -27.85% | +25.12% | 15 |
| HPE Hewlett Packard Enterprise | 1.63% | 47.93 | +0.82% | -9.74% | -31.85% | +100.83% | 8 |
| LSCC Lattice Semicond | 1.58% | 111.25 | -2.32% | +5.03% | -9.44% | +51.20% | 53 |
| ASML ASML Holdings NY Reg ADR | 1.42% | 1507.85 | -0.36% | -2.85% | -13.85% | +41.43% | 44 |
| TXN Texas Instruments | 1.42% | 300.52 | +1.62% | -3.83% | +6.67% | +74.35% | 79 |
| NVEC Nve Corp | 1.38% | 80.20 | +0.05% | -0.24% | -27.23% | — | 16 |
| CSCO Cisco Systems Inc | 1.29% | 98.15 | -0.51% | -4.68% | -14.90% | +28.79% | 39 |
| ADI Analog Devices | 1.27% | 393.30 | -0.34% | -6.31% | -3.19% | +45.48% | 74 |
| MCHP Microchip Technology | 1.20% | 60.33 | -1.90% | -22.55% | -18.29% | -4.76% | 34 |
| TSM Taiwan Semiconductor ADR | 1.17% | 396.48 | +2.02% | -2.06% | -10.77% | +30.76% | 52 |
| NXPI Nxp Semiconductors | 1.13% | 261.56 | +2.00% | -0.47% | +16.14% | +21.13% | 92 |
| CRUS Cirrus Logic Inc | 1.11% | 120.17 | +1.60% | +6.99% | +13.02% | +1.41% | 89 |
| LMT Lockheed Martin Corp | 0.99% | 603.12 | +2.54% | -5.62% | +17.82% | +25.35% | 94 |
| QCOM Qualcomm Inc | 0.99% | 173.53 | +1.20% | +5.53% | -0.52% | +2.10% | 77 |
| CRWV Coreweave Inc Cl A | 0.98% | 48.73 | -0.51% | -9.32% | -39.28% | -31.95% | 3 |
| HON Honeywell International | 0.98% | 228.22 | -0.34% | +1.86% | +8.86% | +13.05% | 85 |
| CDNS Cadence Design Sys | 0.97% | 331.64 | -1.45% | +2.44% | -4.82% | +6.10% | 71 |
| GOOGL Alphabet Cl A | 0.96% | 287.38 | -0.27% | +2.62% | -18.52% | -8.12% | 32 |
| IONQ Ionq Inc | 0.96% | 34.99 | -0.99% | +16.67% | -3.53% | -22.02% | 73 |
| NVDA Nvidia Corp | 0.96% | 168.89 | -5.47% | -18.29% | -25.38% | -9.33% | 23 |
| NET Cloudflare Inc Cl A | 0.92% | 305.80 | +4.10% | +11.76% | -12.85% | +55.11% | 48 |
| SNOW Snowflake Inc Cl A | 0.92% | 295.76 | +1.59% | +0.24% | -17.93% | +34.83% | 35 |
| RTX Rtx Corp | 0.90% | 200.27 | +2.02% | -1.74% | +7.29% | +9.56% | 82 |
| TDC Teradata Corp | 0.89% | 32.78 | +1.42% | -2.50% | +6.84% | +7.69% | 81 |
| NTNX Nutanix Inc | 0.88% | 59.29 | -0.34% | -8.33% | -20.03% | +14.70% | 27 |
| NOC Northrop Grumman Corp | 0.85% | 548.61 | +1.77% | -0.31% | +13.12% | -3.48% | 90 |
| SNPS Synopsys Inc | 0.82% | 459.95 | -1.50% | -0.63% | -8.47% | -2.08% | 60 |
| BIDU Baidu Inc ADR | 0.79% | 79.71 | -1.63% | +3.56% | -5.44% | -38.99% | 69 |
| AVGO Broadcom Ltd | 0.79% | 331.98 | +3.91% | -0.05% | -6.41% | -3.88% | 66 |
| QBTS D-Wave Quantum Inc | 0.75% | 10.48 | -8.63% | +1.06% | -23.73% | -59.92% | 26 |
| IBM Intl Business Machines | 0.75% | 244.53 | +0.05% | -1.53% | +7.71% | -16.98% | 84 |
| BAH Booz Allen Hamilton Holding Corp | 0.71% | 87.42 | +0.83% | +0.46% | +18.73% | +4.42% | 95 |
| ORCL Oracle Corp | 0.71% | 117.98 | -1.51% | -6.51% | -14.13% | -39.10% | 42 |
| MSFT Microsoft Corp | 0.70% | 533.16 | -2.20% | +2.34% | -1.48% | +10.50% | 76 |
| MDB Mongodb Inc Cl A | 0.69% | 331.98 | +1.41% | -1.01% | -12.93% | -20.90% | 47 |
| RGTI Rigetti Computing Inc | 0.69% | 12.15 | -6.39% | +9.61% | -8.30% | -45.15% | 63 |
| QUBT Quantum Computing Inc | 0.68% | 6.30 | -8.16% | -2.02% | -9.09% | -38.60% | 55 |
| ESTC Elastic N.V. | 0.66% | 87.25 | -3.33% | -3.56% | -8.66% | +15.65% | 58 |
| WIT Wipro Ltd ADR | 0.65% | 2.17 | +1.40% | +0.93% | +27.65% | -21.62% | 98 |
| RDNT Radnet Inc | 0.63% | 77.94 | -0.56% | +6.50% | +9.02% | +9.24% | 87 |
| BABA Alibaba Group Holding ADR | 0.61% | 102.72 | -2.52% | +2.35% | -7.28% | -29.92% | 65 |
| PLTR Palantir Technologies Cl A | 0.58% | 168.82 | -0.22% | -3.75% | -19.22% | -5.02% | 31 |
| BTQ Btq Technologies Corp | 0.54% | 1.77 | -5.85% | -7.81% | -27.16% | -65.43% | 18 |
| CRM Salesforce Inc | 0.54% | 213.48 | -0.68% | -3.92% | -8.74% | -19.21% | 56 |
| ACN Accenture Plc | 0.54% | 258.51 | +1.63% | +1.55% | +21.28% | -2.26% | 97 |
| ARQQ Arqit Quantum Inc | 0.40% | 15.74 | -6.64% | +4.93% | -5.49% | -28.06% | 68 |
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
QTUM dispersion — data Q&A
Is QTUM's move broad or carried by a few names (21 sessions)?
As of 2026-11-10: over 21 sessions the fund returned -12.40% while its median constituent returned -12.15% — a dispersion of 16.40 pp; 50% of 62 members beat the fund. Broad decline - breadth is falling with price.
How did QTUM's members trade in the last session?
As of 2026-11-10: fund -0.49%, median member -0.26%, 28 advancers vs 34 decliners.
What does the dispersion page for QTUM 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. 62 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.