Constituent dispersion · breadth vs the index
XLRE — Real Estate 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 | -1.84% | -1.29 | +0pp | -0.18pp | Confirming ↓ |
| 1 month | -4.43% | -4.45 | +6pp | +1.25pp | Confirming ↓ |
| 1 quarter | -4.11% | -4.81 | -27pp | -3.13pp | Confirming ↓ |
Over the last 126 sessions: price up +2.35%, breadth up (+0.03/name) · % beating 48→41 · median−ETF -1.32pp→-0.50pp.
Stocks above their moving average — participation breadth
Of the 31 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 31 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 | 5 (16%) | 7 (23%) | -2 |
| 1-Month | 0 (0%) | 5 (16%) | -5 |
| 3-Month | 0 (0%) | 2 (6%) | -2 |
| 6-Month | 0 (0%) | 1 (3%) | -1 |
| 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 | -0.69% | +0.15% | +0.84pp | 18 / 13 | 25 / 6 | 14 of 31 | ±1.8% |
| 5d | -1.84% | -1.69% | +0.16pp | 6 / 24 | 16 / 14 | 15 of 30 | ±2.37% |
| 21d | -4.43% | -4.87% | -0.43pp | 3 / 27 | 13 / 17 | 6 of 30 | ±4.02% |
| YTD | +7.58% | +7.50% | -0.08pp | 20 / 10 | 14 / 16 | 6 of 30 | ±17.48% |
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)
- EQR+4.17%+0.1pp
- AVB+2.02%+0.05pp
- CSGP+3.48%+0.05pp
- EXR+1.28%+0.04pp
- VICI+0.85%+0.03pp
- EQIX-3.76%-0.26pp
- DLR-5.01%-0.21pp
- IRM-2.71%-0.1pp
- CCI-1.92%-0.08pp
- WELL-0.60%-0.06pp
This month (21d)
- AMT+1.58%+0.09pp
- ARE+7.31%+0.06pp
- AVB+0.37%+0.01pp
- PSA-10.14%-0.46pp
- EQIX-6.55%-0.45pp
- IRM-11.50%-0.44pp
- DLR-9.33%-0.4pp
- PLD-4.26%-0.39pp
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)
- ARE+7.31%
- AMT+1.58%
- AVB+0.37%
- WELL-0.10%
- SBAC-1.00%
- IRM-11.50%
- WY-10.44%
- PSA-10.14%
- DLR-9.33%
- INVH-8.94%
XLRE — constituent leadership race
$100 in each covered XLRE 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 — 31 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| WELL Welltower Inc | 9.98% | 234.21 | -0.60% | -0.83% | -0.10% | +26.63% | 87 |
| PLD Prologis Inc | 9.23% | 135.19 | -0.41% | -1.57% | -4.26% | +6.75% | 57 |
| EQIX Equinix Inc | 6.93% | 998.72 | -3.76% | -3.60% | -6.55% | +31.71% | 30 |
| AMT American Tower Corp | 5.85% | 176.94 | -0.51% | +0.62% | +1.58% | +1.79% | 93 |
| SPG Simon Property Group | 4.85% | 204.97 | +0.07% | -1.08% | -7.45% | +12.01% | 17 |
| PSA Public Storage | 4.52% | 295.40 | -0.37% | -2.19% | -10.14% | +14.99% | 7 |
| DLR Digital Realty Trust | 4.25% | 179.14 | -5.01% | -4.91% | -9.33% | +16.58% | 10 |
| VTR Ventas Inc | 4.12% | 89.10 | -0.99% | -1.30% | -1.32% | +15.88% | 80 |
| O Realty Income Corp | 4.07% | 59.27 | -0.39% | -3.23% | -5.85% | +7.45% | 43 |
| CCI Crown Castle | 4.07% | 74.17 | -1.92% | -2.19% | -2.06% | -15.50% | 70 |
| CBRE CBRE Group | 3.97% | 140.90 | +0.28% | -4.70% | -7.24% | -12.37% | 20 |
| IRM Iron Mountain Inc | 3.83% | 112.06 | -2.71% | -4.11% | -11.50% | +36.19% | 0 |
| EXR Extra Space Storage Inc | 3.24% | 139.40 | +1.28% | +0.11% | -6.69% | +8.29% | 27 |
| VICI Vici Properties Inc | 3.19% | 25.04 | +0.85% | -1.49% | -4.94% | -9.50% | 47 |
| AVB Avalonbay Communities | 2.71% | 68.14 | +2.02% | +7.04% | +0.37% | +7.13% | 90 |
| EQR Equity Residential | 2.37% | 0.38 | +4.17% | — | — | — | — |
| SBAC SBA Communications | 2.24% | 183.07 | -1.29% | -3.36% | -1.00% | -4.14% | 83 |
| ESS Essex Property Trust | 1.87% | 275.73 | +1.03% | -1.03% | -4.06% | +7.56% | 60 |
| WY Weyerhaeuser Company | 1.84% | 22.23 | +0.77% | -3.43% | -10.44% | -4.54% | 3 |
| KIM Kimco Realty Corp | 1.79% | 23.22 | +0.13% | -1.61% | -4.80% | +17.10% | 50 |
| INVH Invitation Homes Inc | 1.71% | 27.59 | +0.18% | -2.82% | -8.94% | +0.49% | 13 |
| MAA Mid-America Apartment Communities | 1.66% | 125.60 | +0.65% | -2.12% | -6.41% | -7.43% | 37 |
| HST Host Marriott Financial Trust | 1.63% | 22.37 | +0.56% | +1.43% | -1.69% | +27.49% | 73 |
| DOC Healthpeak Properties | 1.47% | 20.37 | +0.85% | -0.86% | -1.63% | +30.44% | 77 |
| CSGP Costar Group Inc | 1.43% | 31.52 | +3.48% | +1.97% | -4.63% | -53.12% | 53 |
| REG Regency Centers Corp | 1.35% | 74.53 | -0.12% | +0.03% | -3.03% | +9.02% | 67 |
| CPT Camden Property Trust | 1.22% | 103.83 | +0.80% | -1.76% | -6.01% | -4.64% | 40 |
| UDR United Dominion Realty Trust | 1.21% | 35.37 | +0.71% | -2.78% | -6.42% | -1.21% | 33 |
| FRT Federal Realty Investment Trust | 1.01% | 114.53 | +0.15% | -2.19% | -3.67% | +16.14% | 63 |
| BXP Bxp Inc | 1.00% | 64.50 | -0.31% | -4.71% | -6.76% | -3.11% | 23 |
| ARE Alexandria Real Estate Equities | 0.85% | 51.96 | +1.60% | -1.31% | +7.31% | +7.85% | 97 |
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
XLRE dispersion — data Q&A
Is XLRE's move broad or carried by a few names (21 sessions)?
As of 2026-09-14: over 21 sessions the fund returned -4.43% while its median constituent returned -4.87% — a dispersion of 4.02 pp; 43% of 30 members beat the fund. Broad decline - breadth is falling with price.
How did XLRE's members trade in the last session?
As of 2026-09-14: fund -0.69%, median member +0.15%, 18 advancers vs 13 decliners.
What does the dispersion page for XLRE 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. 31 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.