Constituent dispersion · breadth vs the index
CIBR — First Trust Nasdaq Cybersecurity
Concentration 46.78% in top 5 17.86 effective names · HHI 560
RS vs S&P 500 21d +6.12pp sector return − SPY
RS vs Nasdaq-100 21d +4.68pp sector return − QQQ
Broad advance - breadth is rising with price. Last 21 sessions — price +7.63% · A/D +19 (+0.66/name)
CIBR price
Cumulative advance / decline of constituents — rises when more names are up than down; turns before price at inflections
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -1.38% | -1.21% | +0.16pp | 10 / 19 | 15 / 14 | 10 of 29 | ±2.32% |
| 5d | +0.88% | -2.37% | -3.25pp | 10 / 19 | 9 / 20 | 3 of 29 | ±4.29% |
| 21d | +7.63% | +8.84% | +1.21pp | 21 / 8 | 16 / 13 | 1 of 29 | ±14.71% |
| YTD | +19.28% | +6.20% | -13.09pp | 17 / 11 | 11 / 17 | 1 of 28 | ±35.46% |
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)
- ANET+3.58%+0.06pp
- S+2.29%+0.02pp
- AKAM+0.52%+0.02pp
- DT+1.08%+0.02pp
- GOOGL+1.06%+0.02pp
- AVGO-4.37%-0.31pp
- CRWD-1.94%-0.2pp
- PANW-1.63%-0.17pp
- FTNT-1.65%-0.16pp
- NET-2.01%-0.09pp
This month (21d)
- FTNT+19.74%+1.86pp
- PANW+15.27%+1.56pp
- CRWD+14.38%+1.52pp
- OKTA+40.47%+1.19pp
- NTAP+34.93%+0.86pp
- AVGO-11.40%-0.82pp
- ZS-21.00%-0.51pp
- AKAM-13.79%-0.49pp
- GOOGL-5.93%-0.1pp
- MSFT-6.46%-0.1pp
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)
- OKTA+40.47%
- NTAP+34.93%
- CVLT+24.78%
- VRNS+24.50%
- IBM+23.49%
- ZS-21.00%
- AKAM-13.79%
- AVGO-11.40%
- LDOS-8.72%
- S-8.00%
Other ETFs & indices
Dispersion is computed across the constituents we cover in our data lake (see coverage badge). Decision-support, not investment advice.