Constituent dispersion · breadth vs the index
CIBR — First Trust Nasdaq Cybersecurity
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 | +6.04% | +2 | +0pp | -1.64pp | Confirming ↑ |
| 1 month | +14.31% | +1.83 | -8pp | -4.12pp | Confirming ↑ |
| 1 quarter | +17.97% | +1.29 | -15pp | -5.03pp | Confirming ↑ |
Over the last 126 sessions: price up +64.68%, breadth up (+8.07/name) · % beating 49→41 · median−ETF -0.99pp→-4.19pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +2.00% | +0.78% | -1.22pp | 28 / 13 | 13 / 28 | 12 of 41 | ±2.05% |
| 5d | +6.04% | +6.12% | +0.08pp | 35 / 6 | 21 / 20 | 9 of 41 | ±4.58% |
| 21d | +14.31% | +10.13% | -4.19pp | 30 / 11 | 17 / 24 | 2 of 41 | ±14.5% |
| YTD | +51.60% | +45.25% | -6.35pp | 29 / 11 | 17 / 23 | 1 of 40 | ±56.44% |
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)
- CSCO+4.54%+0.41pp
- FTNT+3.88%+0.36pp
- PANW+3.23%+0.33pp
- AVGO+3.67%+0.26pp
- CRWD+2.27%+0.24pp
- NET-1.25%-0.05pp
- INFY-1.95%-0.02pp
- HO.FP-1.90%-0.02pp
- LDOS-2.31%-0.02pp
- SAIC-1.82%-0.01pp
This month (21d)
- CRWD+30.86%+3.26pp
- PANW+26.00%+2.66pp
- FTNT+22.38%+2.11pp
- NET+27.28%+1.16pp
- DDOG+30.67%+0.91pp
- GEN-25.61%-0.57pp
- LDOS-12.30%-0.12pp
- INFY-9.83%-0.12pp
- IBM-5.79%-0.1pp
- BAH-6.40%-0.09pp
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)
- RBRK+34.30%
- CRWD+30.86%
- DDOG+30.67%
- S+29.78%
- OKTA+28.18%
- GEN-25.61%
- ATO.FP-16.55%
- LDOS-12.30%
- INFY-9.83%
- BAH-6.40%
CIBR — constituent leadership race
$100 in each covered CIBR constituent at 2025-12-30, 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 — 41 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CRWD Crowdstrike Holdings | 10.55% | 278.86 | +2.27% | +6.14% | +30.86% | +137.96% | 95 |
| PANW Palo Alto Networks | 10.24% | 419.91 | +3.23% | +8.11% | +26.00% | +127.96% | 83 |
| FTNT Fortinet Inc | 9.41% | 191.27 | +3.88% | +8.70% | +22.38% | +140.86% | 71 |
| CSCO Cisco Systems Inc | 8.93% | 117.94 | +4.54% | +10.71% | +8.00% | +54.76% | 44 |
| AVGO Broadcom Ltd | 7.16% | 375.81 | +3.67% | +5.83% | +5.00% | +8.81% | 37 |
| NET Cloudflare Inc Cl A | 4.26% | 355.01 | -1.25% | +0.78% | +27.28% | +80.07% | 85 |
| AKAM Akamai Technologies | 3.54% | 108.62 | +0.58% | +0.16% | +3.23% | +24.49% | 32 |
| FFIV F5 Inc | 3.03% | 469.79 | +2.46% | +7.24% | +20.31% | +84.04% | 68 |
| DDOG Datadog Inc Cl A | 2.97% | 278.24 | +0.66% | +3.60% | +30.67% | +104.60% | 93 |
| OKTA Okta Inc Cl A | 2.94% | 218.67 | +0.17% | +6.73% | +28.18% | +152.89% | 88 |
| NTAP Netapp Inc | 2.46% | 228.45 | +2.09% | +9.21% | +23.09% | +115.46% | 73 |
| ZS Zscaler Inc | 2.44% | 212.25 | +5.18% | +7.01% | +25.00% | -5.63% | 80 |
| GEN Gen Digital Inc | 2.23% | 22.80 | +2.33% | +9.35% | -25.61% | -15.25% | 0 |
| CHKP Check Point Software | 2.11% | 131.98 | +1.85% | +3.98% | -3.70% | -28.87% | 17 |
| RBRK Rubrik Inc Cl A | 1.90% | 125.80 | +2.54% | +9.61% | +34.30% | +64.49% | 98 |
| FROG Jfrog Ltd | 1.81% | 98.51 | +0.66% | +9.01% | +12.45% | +57.72% | 54 |
| IBM Intl Business Machines | 1.71% | 221.29 | -0.13% | +0.59% | -5.79% | -24.87% | 12 |
| ANET Arista Networks Inc | 1.70% | 215.36 | +4.09% | +6.16% | +11.14% | +64.36% | 51 |
| DT Dynatrace Inc | 1.64% | 61.05 | +1.40% | +6.12% | +17.63% | +40.86% | 66 |
| GOOGL Alphabet Cl A | 1.63% | 347.68 | +0.35% | +1.98% | +2.72% | +11.16% | 27 |
| MSFT Microsoft Corp | 1.49% | 529.30 | +0.78% | +4.00% | +5.92% | +9.70% | 39 |
| BAH Booz Allen Hamilton Holding Corp | 1.36% | 68.14 | -0.69% | -2.25% | -6.40% | -18.61% | 10 |
| HO.FP Thales | 1.21% | 222.50 | -1.90% | -1.81% | -3.89% | -3.18% | 15 |
| INFY Infosys Ltd ADR | 1.19% | 10.55 | -1.95% | -0.85% | -9.83% | -39.52% | 7 |
| ACN Accenture Plc | 1.17% | 193.40 | -0.85% | +9.19% | +3.58% | -26.88% | 34 |
| BB Blackberry Ltd | 1.10% | 9.58 | +5.51% | +9.86% | +24.42% | +152.77% | 78 |
| LDOS Leidos Holdings Inc | 0.97% | 116.69 | -2.31% | -5.21% | -12.30% | -35.16% | 5 |
| ESTC Elastic N.V. | 0.94% | 94.60 | -0.33% | +6.53% | +3.04% | +25.40% | 29 |
| OTEX.TO Open Text Corporation | 0.93% | 32.30 | +0.72% | +1.99% | -2.48% | -26.10% | 20 |
| S Sentinelone Inc Cl A | 0.88% | 25.80 | +1.45% | +10.68% | +29.78% | +72.00% | 90 |
| SAIC Science Applications International | 0.81% | 124.59 | -1.82% | -2.82% | -1.70% | +24.67% | 22 |
| CVLT Commvault Systems | 0.77% | 154.98 | +0.81% | +5.90% | +13.61% | +23.63% | 56 |
| VRNS Varonis Systems Inc | 0.60% | 49.08 | +1.93% | +4.18% | +6.49% | +49.63% | 41 |
| QLYS Qualys Inc | 0.57% | 199.93 | +0.63% | +12.10% | +16.48% | +50.44% | 63 |
| TENB Tenable Holdings Inc | 0.50% | 39.47 | +2.48% | +12.79% | +15.23% | +67.72% | 59 |
| FSLY Fastly Inc | 0.47% | 25.51 | -1.92% | +0.12% | +23.90% | — | 76 |
| NTCT Netscout Systems | 0.43% | 40.99 | -0.51% | +5.10% | +10.13% | +51.48% | 49 |
| ATEN A10 Networks Inc | 0.30% | 28.58 | +1.38% | +10.73% | +16.23% | +62.39% | 61 |
| ZD Ziff Davis Inc | 0.26% | 54.77 | -2.16% | -2.77% | -1.67% | +55.82% | 24 |
| RDWR Radware Ltd | 0.19% | 30.64 | -0.13% | +4.75% | +8.35% | +27.19% | 46 |
| ATO.FP Atos Se | 0.16% | 21.88 | +1.30% | +7.36% | -16.55% | -56.39% | 2 |
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
CIBR dispersion — data Q&A
Is CIBR's move broad or carried by a few names (21 sessions)?
As of 2026-10-06: over 21 sessions the fund returned +14.31% while its median constituent returned +10.13% — a dispersion of 14.50 pp; 41% of 41 members beat the fund. Broad advance - breadth is rising with price.
How did CIBR's members trade in the last session?
As of 2026-10-06: fund +2.00%, median member +0.78%, 28 advancers vs 13 decliners.
What does the dispersion page for CIBR 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. 41 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.