Constituent dispersion · breadth vs the index
XLF — Financial Select Sector
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 | +1.92% | +0.51 | +3pp | +0.15pp | Confirming ↑ |
| 1 month | +5.89% | +2.87 | +14pp | +2.02pp | Confirming ↑ |
| 1 quarter | +0.64% | -0.82 | +4pp | +0.50pp | Weakening |
Over the last 126 sessions: price up +14.32%, breadth up (+5.28/name) · % beating 50→57 · median−ETF -0.45pp→+0.81pp.
Stocks above their moving average — participation breadth
Of the 76 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 2026-11-10.
New highs & new lows — by horizon
How many of the 76 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 | 13 (17%) | 6 (8%) | +7 |
| 1-Month | 11 (14%) | 3 (4%) | +8 |
| 3-Month | 11 (14%) | 2 (3%) | +9 |
| 6-Month | 9 (12%) | 2 (3%) | +7 |
| 52-Week | 8 (11%) | 2 (3%) | +6 |
| YTD | 8 (11%) | 2 (3%) | +6 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.52% | +0.41% | -0.11pp | 51 / 24 | 33 / 43 | 52 of 76 | ±1.34% |
| 5d | +1.92% | +1.69% | -0.24pp | 65 / 11 | 34 / 42 | 28 of 76 | ±4.95% |
| 21d | +5.89% | +6.70% | +0.81pp | 63 / 13 | 43 / 33 | 13 of 76 | ±10.16% |
| YTD | +6.97% | +9.93% | +2.95pp | 55 / 21 | 43 / 33 | 4 of 76 | ±19.26% |
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)
- BRK.B+1.41%+0.17pp
- PGR+1.86%+0.03pp
- V+0.38%+0.03pp
- KKR+2.81%+0.02pp
- CB+1.56%+0.02pp
- HOOD-2.39%-0.02pp
- COF-1.38%-0.02pp
- XYZ-3.36%-0.02pp
- BX-1.23%-0.01pp
- COIN-2.92%-0.01pp
This month (21d)
- BRK.B+12.70%+1.5pp
- V+8.66%+0.62pp
- MA+10.71%+0.56pp
- JPM+2.32%+0.26pp
- SPGI+14.85%+0.25pp
- BAC-7.15%-0.35pp
- HOOD-25.54%-0.25pp
- C-7.32%-0.23pp
- COIN-26.75%-0.13pp
- SCHW-4.15%-0.08pp
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)
- FISV+37.50%
- GPN+23.80%
- CBOE+22.67%
- AON+22.40%
- ERIE+20.90%
- COIN-26.75%
- HOOD-25.54%
- FIS-17.37%
- IBKR-11.72%
- C-7.32%
XLF — constituent leadership race
$100 in each covered XLF constituent at 2025-12-24, 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 — 76 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| BRK.B Berkshire Hathaway Cl B | 11.80% | 583.34 | +1.41% | +4.72% | +12.70% | +16.05% | 72 |
| JPM JP Morgan Chase & Company | 11.38% | 342.07 | +0.00% | +1.21% | +2.32% | +7.18% | 22 |
| V Visa Inc | 7.13% | 423.00 | +0.38% | +0.80% | +8.66% | +20.86% | 58 |
| MA Mastercard Inc | 5.25% | 658.84 | +0.46% | +1.80% | +10.71% | +15.78% | 63 |
| BAC Bank of America Corp | 4.89% | 50.68 | +0.26% | +2.05% | -7.15% | -7.33% | 7 |
| GS Goldman Sachs Group | 4.19% | 910.19 | +0.44% | +1.57% | +1.82% | +4.09% | 20 |
| WFC Wells Fargo & Company | 3.41% | 85.76 | +0.32% | +0.86% | +2.93% | -7.53% | 26 |
| MS Morgan Stanley | 3.39% | 187.56 | +0.25% | +0.79% | -1.29% | +6.80% | 14 |
| C Citigroup Inc | 3.21% | 122.27 | +0.25% | -0.36% | -7.32% | +5.83% | 5 |
| AXP American Express Company | 2.29% | 323.46 | -0.26% | -0.63% | +3.83% | -12.10% | 29 |
| SCHW The Charles Schwab Corp | 2.00% | 93.03 | +0.32% | +4.20% | -4.15% | -6.57% | 8 |
| BLK Blackrock Inc | 1.96% | 1222.15 | +0.61% | +5.24% | +12.75% | +14.82% | 74 |
| SPGI S&P Global Inc | 1.69% | 473.38 | +0.49% | +1.58% | +14.85% | -8.99% | 82 |
| CB Chubb Ltd | 1.57% | 369.11 | +1.56% | +0.70% | +6.97% | +18.61% | 51 |
| PGR Progressive Corp | 1.57% | 231.75 | +1.86% | +1.15% | +5.21% | +8.29% | 36 |
| COF Capital One Financial Corp | 1.52% | 195.84 | -1.38% | -6.17% | -2.63% | -18.54% | 9 |
| BNY Bank of New York Mellon Corp | 1.30% | 151.14 | -0.06% | +1.23% | +5.80% | +31.29% | 41 |
| CME CME Group | 1.28% | 309.09 | +1.50% | +1.65% | +11.49% | +15.89% | 66 |
| PNC PNC Bank | 1.26% | 231.30 | +0.00% | +0.82% | +5.50% | +12.52% | 38 |
| BX Blackstone Inc | 1.21% | 122.53 | -1.23% | +3.67% | +6.75% | -18.84% | 50 |
| USB U.S. Bancorp | 1.21% | 60.75 | -0.33% | +1.44% | +5.80% | +15.02% | 39 |
| MRSH Marsh & Mclennan Companies | 1.07% | 206.94 | +1.26% | +1.63% | +17.22% | +12.69% | 88 |
| ICE Intercontinental Exchange | 1.05% | 176.36 | +1.34% | +3.18% | +12.03% | +9.24% | 68 |
| HOOD Robinhood Markets Inc Cl A | 0.97% | 81.33 | -2.39% | -5.08% | -25.54% | -28.09% | 1 |
| AON AON Plc | 0.95% | 336.34 | +0.17% | +1.87% | +22.40% | -4.23% | 95 |
| MCO Moody's Corp | 0.90% | 510.71 | -0.07% | +1.39% | +8.55% | +0.43% | 57 |
| KKR KKR & Company LP | 0.87% | 100.85 | +2.81% | +5.06% | +10.21% | -20.59% | 62 |
| TRV The Travelers Companies | 0.87% | 400.78 | +1.41% | +1.36% | +7.83% | +38.67% | 55 |
| TFC Truist Financial Corp | 0.86% | 50.26 | -0.14% | +1.72% | +7.76% | +4.25% | 54 |
| APO Apollo Asset Management | 0.82% | 122.74 | +0.44% | +8.09% | +2.95% | -14.51% | 28 |
| ALL Allstate Corp | 0.76% | 261.12 | +2.89% | -0.15% | +12.26% | +26.75% | 70 |
| AJG Arthur J. Gallagher & Company | 0.74% | 282.65 | +0.73% | +3.36% | +20.83% | +9.92% | 92 |
| AFL Aflac Inc | 0.72% | 126.64 | +1.13% | +2.10% | +9.28% | +16.05% | 61 |
| FITB Fifth Third Bancorp | 0.65% | 54.19 | -0.31% | +0.48% | +6.63% | +16.81% | 47 |
| MET Metlife Inc | 0.64% | 102.44 | +0.76% | +1.76% | +2.27% | +31.70% | 21 |
| STT State Street Corp | 0.62% | 171.62 | +0.43% | +1.13% | -1.89% | +34.79% | 12 |
| MSCI MSCI Inc | 0.58% | 656.86 | +1.61% | +2.67% | +15.64% | +15.36% | 84 |
| AMP Ameriprise Financial Services | 0.55% | 519.96 | +0.32% | +3.34% | +3.99% | +6.74% | 30 |
| IBKR Interactive Brokers | 0.53% | 77.59 | +0.03% | +0.17% | -11.72% | +20.90% | 4 |
| AIG American International Group | 0.53% | 82.32 | +3.38% | +2.22% | +5.95% | -3.21% | 43 |
| NDAQ Nasdaq Inc | 0.53% | 110.02 | +1.40% | +2.85% | +16.68% | +13.63% | 86 |
| PYPL Paypal Holdings | 0.50% | 58.78 | -2.11% | +0.98% | +4.87% | +0.99% | 33 |
| XYZ Block Inc | 0.50% | 85.58 | -3.36% | +12.61% | +11.40% | +31.48% | 64 |
| PRU Prudential Financial Inc | 0.50% | 123.30 | +1.02% | +3.78% | +8.74% | +12.24% | 59 |
| HIG The Hartford Insurance Group | 0.48% | 137.80 | +2.18% | +2.13% | +5.85% | +0.90% | 42 |
| COIN Coinbase Global Cl A | 0.47% | 132.13 | -2.92% | -9.16% | -26.75% | -41.57% | 0 |
| HBAN Huntington Bancshares | 0.47% | 15.84 | -0.50% | -0.13% | +2.86% | -7.77% | 24 |
| MTB M&T Bank Corp | 0.46% | 220.61 | -0.95% | -0.66% | +0.33% | +11.03% | 17 |
| ACGL Arch Capital Grp Ltd | 0.43% | 109.14 | +0.94% | +1.25% | +12.33% | +13.78% | 71 |
| NTRS Northern Trust Corp | 0.43% | 177.89 | +0.14% | +3.06% | +5.13% | +31.57% | 34 |
| CBOE CBOE Global Markets | 0.41% | 364.81 | +3.41% | +5.96% | +22.67% | +46.01% | 96 |
| FISV Fiserv Inc | 0.38% | 63.32 | -0.31% | +8.42% | +37.50% | -5.73% | 99 |
| CFG Citizens Financial Group | 0.38% | 64.82 | -0.43% | +0.70% | +1.44% | +12.56% | 18 |
| ARES Ares Management LP | 0.37% | 139.41 | -0.12% | +8.13% | +17.99% | -12.57% | 89 |
| RJF Raymond James Financial | 0.36% | 168.11 | +0.18% | +3.98% | +5.96% | +5.43% | 45 |
| CINF Cincinnati Financial | 0.35% | 189.89 | +1.99% | +3.01% | +14.70% | +16.95% | 80 |
| SYF Synchrony Financial | 0.34% | 71.70 | -2.08% | -4.19% | -2.61% | -13.36% | 11 |
| RF Regions Financial Corp | 0.33% | 28.70 | -0.80% | +0.35% | +4.86% | +7.94% | 32 |
| WTW Willis Towers Watson Public | 0.33% | 332.87 | +1.79% | +1.59% | +11.54% | +1.64% | 67 |
| CPAY Corpay Inc | 0.33% | 459.64 | +0.36% | +13.05% | +15.58% | +52.74% | 83 |
| TROW T Rowe Price Group | 0.31% | 110.90 | +0.07% | +4.40% | +6.64% | +9.94% | 49 |
| PFG Principal Financial Group | 0.29% | 115.99 | +0.52% | +2.96% | +7.56% | +33.73% | 53 |
| KEY Keycorp | 0.28% | 21.34 | -0.33% | +0.52% | +6.22% | +5.45% | 46 |
| WRB W.R. Berkley Corp | 0.27% | 76.83 | +1.20% | +2.28% | +5.39% | +10.70% | 37 |
| FIS Fidelity National Information Services | 0.27% | 28.31 | -0.11% | -27.39% | -17.37% | -57.04% | 3 |
| L Loews Corp | 0.24% | 110.93 | +0.90% | +0.87% | +2.92% | +5.46% | 25 |
| BRO Brown & Brown | 0.23% | 71.89 | +1.25% | +1.63% | +12.95% | -9.33% | 76 |
| GPN Global Payments Inc | 0.21% | 101.59 | +3.91% | +3.66% | +23.80% | +31.68% | 97 |
| EG Everest Re Group | 0.18% | 422.32 | +2.32% | +2.86% | +13.37% | +25.23% | 78 |
| GL Globe Life Inc | 0.17% | 163.46 | +1.01% | +3.32% | -1.01% | +17.38% | 16 |
| AIZ Assurant Inc | 0.17% | 322.16 | +1.56% | +8.79% | +19.93% | +34.30% | 91 |
| IVZ Invesco Limited | 0.17% | 28.87 | -0.14% | +2.16% | -1.33% | +11.65% | 13 |
| BEN Franklin Resources | 0.13% | 36.29 | +1.17% | +12.14% | +14.08% | +54.12% | 79 |
| JKHY Jack Henry & Assoc | 0.12% | 175.19 | +2.33% | +8.37% | +17.08% | -3.21% | 87 |
| FDS Factset Research Systems | 0.12% | 325.98 | -0.23% | -1.99% | +12.92% | +13.46% | 75 |
| ERIE Erie Indemnity Company | 0.08% | 272.09 | +0.58% | +0.90% | +20.90% | -4.03% | 93 |
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
XLF dispersion — data Q&A
Is XLF's move broad or carried by a few names (21 sessions)?
As of 2026-11-10: over 21 sessions the fund returned +5.89% while its median constituent returned +6.70% — a dispersion of 10.16 pp; 57% of 76 members beat the fund. Broad advance - breadth is rising with price.
How did XLF's members trade in the last session?
As of 2026-11-10: fund +0.52%, median member +0.41%, 51 advancers vs 24 decliners.
What does the dispersion page for XLF 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. 76 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.