Constituent dispersion · breadth vs the index
XLP — Consumer Staples 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 | -0.19% | -0.5 | -8pp | -1.90pp | Weakening |
| 1 month | -1.84% | -1.17 | -19pp | -3.90pp | Confirming ↓ |
| 1 quarter | -0.94% | -0.33 | -33pp | -6.00pp | Weakening |
Over the last 126 sessions: price up +0.36%, breadth down (-0.78/name) · % beating 44→39 · median−ETF -0.98pp→-3.05pp.
Stocks above their moving average — participation breadth
Of the 36 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 2026-09-14.
New highs & new lows — by horizon
How many of the 36 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 (36%) | 3 (8%) | +10 |
| 1-Month | 3 (8%) | 2 (6%) | +1 |
| 3-Month | 0 (0%) | 0 (0%) | +0 |
| 6-Month | 0 (0%) | 0 (0%) | +0 |
| 52-Week | 0 (0%) | 0 (0%) | +0 |
| YTD | 0 (0%) | 0 (0%) | +0 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.25% | +0.98% | -0.27pp | 31 / 5 | 14 / 22 | 24 of 36 | ±1.21% |
| 5d | -0.19% | -2.08% | -1.89pp | 13 / 23 | 13 / 23 | 6 of 36 | ±4.37% |
| 21d | -1.84% | -4.89% | -3.05pp | 12 / 24 | 14 / 22 | 1 of 36 | ±7.78% |
| YTD | +9.29% | +2.13% | -7.15pp | 20 / 16 | 14 / 22 | 0 of 36 | ±19.51% |
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)
- WMT+1.80%+0.2pp
- COST+1.56%+0.14pp
- PM+1.99%+0.12pp
- MO+2.36%+0.11pp
- KR+4.14%+0.1pp
- KHC-1.34%-0.02pp
- MKC-1.81%-0.01pp
- BG-0.96%-0.01pp
- ADM-0.32%-0.01pp
- MDLZ-0.08%0pp
This month (21d)
- MO+8.50%+0.4pp
- ADM+8.53%+0.21pp
- PM+3.15%+0.19pp
- EL+12.48%+0.18pp
- KR+7.16%+0.17pp
- WMT-5.51%-0.61pp
- COST-4.46%-0.4pp
- CASY-27.19%-0.29pp
- CL-5.42%-0.24pp
- KMB-10.49%-0.23pp
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)
- EL+12.48%
- ADM+8.53%
- MO+8.50%
- BG+8.22%
- KR+7.16%
- CASY-27.19%
- CLX-16.17%
- HRL-14.24%
- KMB-10.49%
- CPB-8.72%
XLP — constituent leadership race
$100 in each covered XLP 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 — 36 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| WMT Walmart Inc | 10.99% | 109.08 | +1.80% | +1.81% | -5.51% | -1.89% | 42 |
| COST Costco Wholesale | 9.03% | 918.91 | +1.56% | +0.35% | -4.46% | +6.86% | 50 |
| PG Procter & Gamble Company | 7.20% | 146.13 | +0.59% | -0.21% | +1.30% | +3.46% | 67 |
| KO Coca-Cola Company | 6.58% | 89.35 | +1.20% | +1.45% | +2.21% | +28.69% | 78 |
| PM Philip Morris International | 5.94% | 194.86 | +1.99% | +6.76% | +3.15% | +22.57% | 81 |
| MDLZ Mondelez Intl Inc | 4.99% | 62.39 | -0.08% | +1.81% | -1.79% | +16.91% | 61 |
| MO Altria Group | 4.69% | 70.61 | +2.36% | +2.51% | +8.50% | +24.51% | 92 |
| CL Colgate-Palmolive Company | 4.38% | 87.89 | +1.26% | -0.99% | -5.42% | +12.60% | 44 |
| MNST Monster Beverage Corp | 4.26% | 44.20 | +1.84% | +0.87% | -5.31% | +15.30% | 47 |
| PEP Pepsico Inc | 4.08% | 136.34 | +0.01% | -0.94% | -3.04% | -4.15% | 58 |
| TGT Target Corp | 3.94% | 158.70 | +1.84% | -3.49% | +2.05% | +65.55% | 75 |
| KDP Keurig Dr Pepper Inc | 2.77% | 31.58 | +0.61% | -3.10% | +1.48% | +14.68% | 69 |
| ADM Archer Daniels Midland | 2.48% | 86.44 | -0.32% | +2.16% | +8.53% | +52.49% | 94 |
| SYY Sysco Corp | 2.44% | 83.54 | +0.40% | +4.36% | -0.01% | +15.06% | 64 |
| KR Kroger Company | 2.42% | 60.91 | +4.14% | +3.96% | +7.16% | -1.51% | 86 |
| KVUE Kenvue Inc | 2.24% | 17.91 | +0.73% | -4.43% | -6.72% | +6.28% | 25 |
| KMB Kimberly-Clark Corp | 2.18% | 99.09 | +0.96% | -5.59% | -10.49% | +0.79% | 8 |
| HSY Hershey Foods Corp | 1.73% | 173.68 | +0.21% | +0.31% | -5.95% | -3.20% | 36 |
| DG Dollar General Corp | 1.63% | 129.17 | +3.68% | -3.03% | +5.81% | -1.83% | 83 |
| CHD Church & Dwight Company | 1.49% | 94.58 | +0.46% | -4.03% | -6.37% | +13.51% | 31 |
| EL Estee Lauder Companies | 1.43% | 98.22 | +1.13% | -5.43% | +12.48% | -5.55% | 97 |
| DLTR Dollar Tree Inc | 1.36% | 119.17 | +0.85% | -9.32% | -8.00% | -3.12% | 17 |
| STZ Constellation Brands | 1.34% | 125.00 | +2.08% | -2.48% | -8.32% | -8.20% | 14 |
| KHC Kraft Heinz Company | 1.34% | 24.27 | -1.34% | -2.33% | -4.37% | +1.76% | 53 |
| GIS General Mills | 1.18% | 36.47 | +1.73% | -4.75% | -6.27% | -19.12% | 33 |
| BG Bunge Ltd | 1.11% | 121.23 | -0.96% | +2.12% | +8.22% | +37.70% | 89 |
| CASY Casey's General Stor | 1.08% | 621.61 | +1.00% | -17.79% | -27.19% | +12.65% | 0 |
| TSN Tyson Foods | 1.04% | 53.16 | +0.34% | +3.38% | -5.73% | -7.81% | 39 |
| SJM J.M. Smucker Company | 0.80% | 121.30 | +0.13% | -3.79% | +1.50% | +26.65% | 72 |
| MKC Mccormick & Company | 0.80% | 50.39 | -1.81% | -3.25% | -7.46% | -25.36% | 19 |
| CLX Clorox Company | 0.75% | 89.31 | +1.77% | -4.03% | -16.17% | -9.32% | 3 |
| HRL Hormel Foods Corp | 0.46% | 20.96 | +1.90% | -2.69% | -14.24% | -9.16% | 6 |
| TAP Molson Coors Brewing | 0.45% | 39.08 | +0.39% | -3.51% | -7.22% | -14.41% | 22 |
| CAG Conagra Brands | 0.42% | 14.79 | +1.30% | -4.46% | -3.90% | -10.68% | 56 |
| BF.B Brown Forman Cl B | 0.30% | 26.24 | +0.08% | -1.83% | -6.39% | +2.51% | 28 |
| CPB The Campbell's Company | 0.29% | 21.25 | +1.19% | -0.61% | -8.72% | -21.23% | 11 |
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
XLP dispersion — data Q&A
Is XLP's move broad or carried by a few names (21 sessions)?
As of 2026-09-14: over 21 sessions the fund returned -1.84% while its median constituent returned -4.89% — a dispersion of 7.78 pp; 39% of 36 members beat the fund. Broad decline - breadth is falling with price.
How did XLP's members trade in the last session?
As of 2026-09-14: fund +1.25%, median member +0.98%, 31 advancers vs 5 decliners.
What does the dispersion page for XLP 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. 36 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.