Constituent dispersion · breadth vs the index

XLF — Financial Select Sector

76/76 covered · 100% by weight · benchmark: XLF price · closes through 2026-07-28 ·holdings as of 2026-06-16

Concentration 40.54% in top 5 21.23 effective names · HHI 471
RS vs S&P 500 21d +5.89pp sector return − SPY
RS vs Nasdaq-100 21d +11.91pp sector return − QQQ
Broad advance - breadth is rising with price. Last 21 sessions — price +7.52% · A/D +293 (+3.86/name)
XLF price
Cumulative advance / decline of constituents — rises when more names are up than down; turns before price at inflections

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.

HorizonPriceA/D /name% beating ΔMedian−ETF ΔRead
1 week +2.66% +1.5 -16pp -1.54pp Confirming ↑
1 month +7.52% +3.86 +3pp +0.86pp Confirming ↑
1 quarter +10.32% +4.88 -3pp -0.94pp Confirming ↑

Over the last 126 sessions: price up +7.60%, breadth up (+8.82/name) · % beating 54→54 · median−ETF +0.82pp→+1.08pp.

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 2026-07-28.

5-day 85.53% 65/76 above
20-day 81.58% 62/76 above
50-day 92.11% 70/76 above
100-day 94.74% 72/76 above
150-day 89.47% 68/76 above
200-day 82.89% 63/76 above
% of constituents above their 50-day average — breadth over the last year; 50% is the participation midpoint

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.

HorizonNew highsNew lowsNet
5-Day 57 (75%) 7 (9%) +50
1-Month 44 (58%) 1 (1%) +43
3-Month 36 (47%) 0 (0%) +36
6-Month 29 (38%) 0 (0%) +29
52-Week 21 (28%) 0 (0%) +21
YTD 26 (34%) 0 (0%) +26

Dispersion by window

WindowETFMedianMedian − ETF Up / DownBeat / Lag±1% bandDispersion
1d +1.27% +1.73% +0.47pp 63 / 13 47 / 29 33 of 76 ±1.97%
5d +2.66% +3.81% +1.16pp 59 / 17 46 / 30 12 of 76 ±4.56%
21d +7.52% +8.60% +1.08pp 67 / 9 41 / 35 9 of 76 ±7.91%
YTD +5.71% +10.46% +4.76pp 52 / 24 42 / 34 3 of 76 ±17.09%

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+3.06%+0.36pp
  • MA+2.00%+0.11pp
  • V+1.12%+0.08pp
  • BLK+3.33%+0.07pp
  • MRSH+4.84%+0.05pp
  • GS-1.42%-0.06pp
  • SPGI-3.52%-0.06pp
  • MS-1.39%-0.05pp
  • HOOD-3.02%-0.03pp
  • WFC-0.46%-0.02pp

This month (21d)

  • JPM+9.08%+1.03pp
  • MA+12.77%+0.67pp
  • V+9.03%+0.64pp
  • BAC+8.19%+0.4pp
  • SCHW+16.87%+0.34pp
  • C-6.55%-0.21pp
  • HOOD-6.01%-0.06pp
  • PGR-2.11%-0.03pp
  • AXP-0.83%-0.02pp
  • HBAN-2.75%-0.01pp

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)

  • PYPL+31.68%
  • GPN+25.30%
  • ICE+23.30%
  • CBOE+22.78%
  • FDS+22.50%
  • C-6.55%
  • HOOD-6.01%
  • HBAN-2.75%
  • KEY-2.71%
  • PGR-2.11%

XLF — constituent leadership race

$100 in each covered XLF constituent at 2025-12-24, rebased to 100. Watch leadership change hands.

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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% 512.37 +3.06% +4.64% +2.75% +1.93% 20
JPM JP Morgan Chase & Company 11.38% 357.31 +0.31% +3.50% +9.08% +11.96% 53
V Visa Inc 7.13% 366.59 +1.12% +3.03% +9.03% +4.74% 51
MA Mastercard Inc 5.25% 562.75 +2.00% +4.54% +12.77% -1.11% 64
BAC Bank of America Corp 4.89% 62.62 +0.79% +2.29% +8.19% +14.50% 49
GS Goldman Sachs Group 4.19% 1033.34 -1.42% -4.81% +1.35% +18.18% 14
WFC Wells Fargo & Company 3.41% 86.87 -0.46% -0.99% +3.59% -6.33% 22
MS Morgan Stanley 3.39% 211.58 -1.39% -2.23% -0.21% +20.48% 11
C Citigroup Inc 3.21% 132.47 -0.47% -0.28% -6.55% +14.65% 0
AXP American Express Company 2.29% 336.63 +0.37% -4.04% -0.83% -8.52% 8
SCHW The Charles Schwab Corp 2.00% 105.97 +1.72% +6.01% +16.87% +6.42% 82
BLK Blackrock Inc 1.96% 1097.55 +3.33% +5.71% +13.77% +3.11% 70
SPGI S&P Global Inc 1.69% 424.36 -3.52% -1.60% +9.90% -18.42% 58
CB Chubb Ltd 1.57% 363.50 +1.28% +2.45% +6.46% +16.81% 36
PGR Progressive Corp 1.57% 219.52 +1.74% +6.61% -2.11% +2.57% 5
COF Capital One Financial Corp 1.52% 212.41 +2.59% +3.00% +4.12% -11.64% 28
BNY Bank of New York Mellon Corp 1.30% 156.49 -0.81% -1.12% +9.01% +35.94% 50
CME CME Group 1.28% 260.00 +1.82% +9.53% +17.65% -2.51% 86
PNC PNC Bank 1.26% 251.60 +0.79% +0.49% +2.70% +22.40% 18
BX Blackstone Inc 1.21% 133.90 +0.98% +7.85% +16.03% -11.31% 78
USB U.S. Bancorp 1.21% 64.43 +1.48% +1.13% +6.68% +21.99% 38
MRSH Marsh & Mclennan Companies 1.07% 192.19 +4.84% +6.44% +13.70% +4.66% 68
ICE Intercontinental Exchange 1.05% 152.72 +2.68% +10.13% +23.30% -5.40% 96
HOOD Robinhood Markets Inc Cl A 0.97% 92.76 -3.02% -12.79% -6.01% -17.98% 1
AON AON Plc 0.95% 381.26 +3.84% +6.08% +15.99% +8.56% 76
MCO Moody's Corp 0.90% 484.20 -0.36% -1.34% +7.60% -4.79% 46
KKR KKR & Company LP 0.87% 102.66 +1.01% +5.72% +13.90% -19.16% 71
TRV The Travelers Companies 0.87% 397.22 +1.76% +7.46% +21.34% +37.44% 91
TFC Truist Financial Corp 0.86% 52.99 +1.67% +3.13% +4.95% +9.92% 30
APO Apollo Asset Management 0.82% 124.69 +0.36% +5.31% +5.41% -13.15% 32
ALL Allstate Corp 0.76% 272.42 +4.27% +8.21% +13.69% +32.23% 67
AJG Arthur J. Gallagher & Company 0.74% 265.31 +4.72% +6.89% +17.39% +3.18% 84
AFL Aflac Inc 0.72% 129.55 +2.36% +4.82% +7.82% +18.72% 47
FITB Fifth Third Bancorp 0.65% 57.80 +1.40% +0.24% +3.37% +24.59% 21
MET Metlife Inc 0.64% 97.49 +2.42% +4.41% +13.43% +25.34% 66
STT State Street Corp 0.62% 182.57 -1.13% -0.40% +9.14% +43.40% 54
MSCI MSCI Inc 0.58% 579.39 +1.46% +3.14% +4.42% +1.75% 29
AMP Ameriprise Financial Services 0.55% 546.62 +1.60% +3.45% +20.72% +12.22% 89
IBKR Interactive Brokers 0.53% 90.91 -1.47% -3.72% +1.21% +41.66% 13
AIG American International Group 0.53% 80.83 +2.11% +0.74% +6.96% -4.96% 42
NDAQ Nasdaq Inc 0.53% 95.96 +2.15% +6.34% +22.15% -0.89% 92
PYPL Paypal Holdings 0.50% 58.32 +4.01% +4.42% +31.68% +0.20% 99
XYZ Block Inc 0.50% 83.10 +2.29% +3.38% +6.78% +27.67% 39
PRU Prudential Financial Inc 0.50% 123.93 +1.67% +4.50% +14.48% +12.82% 72
HIG The Hartford Insurance Group 0.48% 143.42 +2.34% +1.01% +7.12% +5.02% 45
COIN Coinbase Global Cl A 0.47% 167.90 +0.24% -4.52% +12.64% -25.75% 63
HBAN Huntington Bancshares 0.47% 17.30 +0.82% -4.79% -2.75% +0.73% 3
MTB M&T Bank Corp 0.46% 252.61 +1.74% +1.59% +6.47% +27.13% 37
ACGL Arch Capital Grp Ltd 0.43% 106.48 +2.50% +5.90% +9.17% +11.01% 55
NTRS Northern Trust Corp 0.43% 180.86 -0.91% -2.27% +4.02% +33.77% 25
CBOE CBOE Global Markets 0.41% 297.39 +2.95% +8.38% +22.78% +19.02% 95
FISV Fiserv Inc 0.38% 54.21 +3.63% +7.11% +9.63% -19.29% 57
CFG Citizens Financial Group 0.38% 72.94 +2.59% +1.31% +3.61% +26.66% 24
ARES Ares Management LP 0.37% 127.90 +0.11% +5.90% +17.20% -19.79% 83
RJF Raymond James Financial 0.36% 177.18 +2.06% +5.51% +18.59% +11.12% 87
CINF Cincinnati Financial 0.35% 182.63 -0.87% +1.17% -0.79% +12.48% 9
SYF Synchrony Financial 0.34% 77.12 +2.40% +6.80% -1.96% -6.81% 7
RF Regions Financial Corp 0.33% 31.27 +1.72% +1.46% +4.03% +17.61% 26
WTW Willis Towers Watson Public 0.33% 316.16 +4.47% +9.47% +19.55% -3.47% 88
CPAY Corpay Inc 0.33% 384.32 +1.21% +4.96% +15.59% +27.71% 75
TROW T Rowe Price Group 0.31% 121.68 +2.07% +3.46% +10.35% +20.62% 59
PFG Principal Financial Group 0.29% 114.09 +2.52% +4.13% +5.88% +31.54% 34
KEY Keycorp 0.28% 22.63 +0.53% -1.39% -2.71% +11.82% 4
WRB W.R. Berkley Corp 0.27% 76.17 +0.62% +5.56% +6.88% +9.75% 41
FIS Fidelity National Information Services 0.27% 44.93 +4.10% +8.06% +16.49% -31.81% 79
L Loews Corp 0.24% 119.40 +0.73% +4.20% +5.43% +13.51% 33
BRO Brown & Brown 0.23% 73.65 +5.67% +10.52% +14.68% -7.11% 74
GPN Global Payments Inc 0.21% 87.46 +4.04% +9.23% +25.30% +13.37% 97
EG Everest Re Group 0.18% 398.70 +2.40% +5.73% +12.15% +18.22% 61
GL Globe Life Inc 0.17% 179.17 +2.75% -2.80% +0.10% +28.66% 12
AIZ Assurant Inc 0.17% 283.08 +2.24% +2.62% +7.05% +18.01% 43
IVZ Invesco Limited 0.17% 29.43 -2.26% -2.23% +12.50% +13.82% 62
BEN Franklin Resources 0.13% 33.33 +0.33% +2.15% +1.37% +41.55% 16
JKHY Jack Henry & Assoc 0.12% 157.43 +2.91% +5.73% +16.61% -13.02% 80
FDS Factset Research Systems 0.12% 283.87 +6.76% +14.95% +22.50% -1.19% 93
ERIE Erie Indemnity Company 0.08% 242.43 +6.21% +12.33% +1.56% -14.49% 17

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.