Constituent dispersion · breadth vs the index
IGV — iShares Expanded Tech-Software
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 | +5.65% | +1.55 | -12pp | -5.70pp | Confirming ↑ |
| 1 month | +6.30% | -1.57 | -17pp | -7.47pp | Weakening |
| 1 quarter | +20.20% | +0.65 | -43pp | -13.67pp | Confirming ↑ |
Over the last 126 sessions: price up +39.40%, breadth up (+4.58/name) · % beating 49→26 · median−ETF -0.29pp→-9.38pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.31% | +0.00% | -1.31pp | 53 / 53 | 26 / 84 | 32 of 110 | ±1.92% |
| 5d | +5.65% | +5.05% | -0.59pp | 89 / 19 | 50 / 60 | 20 of 110 | ±6.51% |
| 21d | +6.30% | -2.96% | -9.26pp | 47 / 63 | 28 / 82 | 7 of 110 | ±13.83% |
| YTD | +5.20% | -3.10% | -8.29pp | 53 / 57 | 47 / 63 | 5 of 110 | ±45.41% |
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)
- PANW+3.23%+0.24pp
- ORCL+1.61%+0.15pp
- CRWD+2.27%+0.14pp
- SNPS+3.42%+0.12pp
- FTNT+3.88%+0.12pp
- CRM-2.09%-0.13pp
- APP-1.13%-0.05pp
- WDAY-1.28%-0.01pp
- ADBE-0.28%-0.01pp
- DOCU-2.58%-0.01pp
This month (21d)
- PANW+26.00%+1.95pp
- CRWD+30.86%+1.87pp
- SNPS+28.27%+1.01pp
- CDNS+22.84%+0.83pp
- DDOG+30.67%+0.81pp
- ORCL-8.82%-0.81pp
- CRM-13.21%-0.8pp
- APP-13.03%-0.63pp
- ADBE-10.65%-0.4pp
- INTU-12.89%-0.38pp
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)
- PTC+36.86%
- RBRK+34.30%
- CRWD+30.86%
- DDOG+30.67%
- S+29.78%
- ALKT-28.34%
- PAR-26.66%
- VYX-26.37%
- GEN-25.61%
- FICO-25.40%
IGV — constituent leadership race
$100 in each covered IGV 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 — 110 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| ORCL Oracle Corp | 9.21% | 144.77 | +1.61% | +5.07% | -8.82% | -25.27% | 29 |
| MSFT Microsoft Corp | 8.19% | 529.30 | +0.78% | +4.00% | +5.92% | +9.70% | 73 |
| PANW Palo Alto Networks | 7.49% | 419.91 | +3.23% | +8.11% | +26.00% | +127.96% | 94 |
| PLTR Palantir Technologies Cl A | 7.18% | 192.07 | +1.41% | +2.73% | +10.18% | +8.06% | 82 |
| CRWD Crowdstrike Holdings | 6.06% | 278.86 | +2.27% | +6.14% | +30.86% | +137.96% | 97 |
| CRM Salesforce Inc | 6.05% | 224.99 | -2.09% | -0.14% | -13.21% | -14.86% | 12 |
| APP Applovin Corp Cl A | 4.82% | 278.78 | -1.13% | -8.79% | -13.03% | -58.63% | 14 |
| ADBE Adobe Systems Inc | 3.71% | 238.12 | -0.28% | +2.12% | -10.65% | -31.96% | 25 |
| CDNS Cadence Design Sys | 3.62% | 359.55 | +1.72% | +10.91% | +22.84% | +15.03% | 91 |
| NOW Servicenow Inc | 3.61% | 137.97 | +1.39% | +6.18% | -2.33% | -9.94% | 52 |
| SNPS Synopsys Inc | 3.57% | 505.17 | +3.42% | +21.70% | +28.27% | +7.55% | 95 |
| FTNT Fortinet Inc | 3.03% | 191.27 | +3.88% | +8.70% | +22.38% | +140.86% | 90 |
| INTU Intuit Inc | 2.92% | 289.81 | +1.80% | +8.13% | -12.89% | -56.03% | 15 |
| DDOG Datadog Inc Cl A | 2.65% | 278.24 | +0.66% | +3.60% | +30.67% | +104.60% | 96 |
| MSTR Strategy Inc | 1.92% | 164.55 | +0.07% | +6.39% | +15.23% | +8.29% | 86 |
| ADSK Autodesk Inc | 1.89% | 231.28 | +4.39% | +13.83% | +6.14% | -21.87% | 74 |
| EA Electronic Arts Inc | 1.69% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 63 |
| TTWO Take-Two Interactive | 1.54% | 202.53 | -0.46% | -0.12% | -5.66% | -20.90% | 39 |
| ROP Roper Industries | 1.28% | 362.28 | -0.30% | +3.93% | -11.05% | -18.24% | 22 |
| FICO Fair Isaac and Company | 1.08% | 695.46 | +0.85% | +12.56% | -25.40% | -58.86% | 4 |
| WDAY Workday Inc | 0.96% | 186.55 | -1.28% | -1.38% | -4.72% | -13.14% | 45 |
| ZM Zoom Communications Inc | 0.95% | 94.20 | +0.62% | +6.62% | -7.04% | +9.17% | 35 |
| ZS Zscaler Inc | 0.65% | 212.25 | +5.18% | +7.01% | +25.00% | -5.63% | 93 |
| PTC Ptc Inc | 0.64% | 193.00 | +0.38% | +40.30% | +36.86% | +10.79% | 99 |
| TEAM Atlassian Corp | 0.52% | 193.98 | -1.36% | +10.24% | +2.32% | +19.64% | 62 |
| GEN Gen Digital Inc | 0.51% | 22.80 | +2.33% | +9.35% | -25.61% | -15.25% | 3 |
| TRMB Trimble Navigation | 0.49% | 60.95 | +3.64% | +6.30% | +2.49% | -22.21% | 64 |
| TYL Tyler Technologies | 0.49% | 330.91 | +0.79% | +4.63% | -9.10% | -27.10% | 28 |
| NTNX Nutanix Inc | 0.45% | 73.41 | +0.00% | +4.74% | +7.86% | +42.02% | 77 |
| DT Dynatrace Inc | 0.43% | 61.05 | +1.40% | +6.12% | +17.63% | +40.86% | 89 |
| GWRE Guidewire Software Inc | 0.43% | 164.52 | +0.79% | +15.44% | +1.29% | -18.15% | 61 |
| IOT Samsara Inc Cl A | 0.40% | 41.74 | -1.53% | +9.93% | +3.83% | +17.74% | 66 |
| HUBS Hubspot Inc | 0.39% | 217.09 | -1.60% | +9.82% | -12.32% | -45.90% | 18 |
| HUT Hut 8 Corp | 0.38% | 92.22 | +3.30% | -0.69% | -1.42% | +100.74% | 53 |
| RBRK Rubrik Inc Cl A | 0.37% | 125.80 | +2.54% | +9.61% | +34.30% | +64.49% | 98 |
| DOCU Docusign Inc | 0.36% | 68.22 | -2.58% | +1.85% | -0.28% | -0.26% | 55 |
| QBTS D-Wave Quantum Inc | 0.35% | 15.79 | +0.96% | -3.90% | -4.76% | -39.62% | 44 |
| BMNR Bitmine Immersion Technologies | 0.33% | 26.20 | -2.20% | -1.98% | +4.93% | -3.50% | 67 |
| AUR Aurora Innovation Inc Cl A | 0.33% | 5.75 | +0.00% | +6.68% | -9.31% | +49.74% | 27 |
| U Unity Software Inc | 0.33% | 44.95 | -1.60% | +13.17% | +7.90% | +1.77% | 78 |
| WULF Terawulf Inc | 0.32% | 14.97 | +1.22% | -0.80% | -9.33% | +30.29% | 26 |
| MANH Manhattan Assoc | 0.30% | 202.84 | -1.27% | +1.36% | -5.11% | +17.04% | 43 |
| RIOT Riot Platforms Inc | 0.29% | 18.93 | -2.02% | -11.50% | -13.17% | +49.41% | 13 |
| CORZ Core Scientific Inc | 0.29% | 16.68 | +0.48% | +2.27% | -6.76% | +14.56% | 35 |
| CWAN Clearwater Analytics Holdings Inc Cl A | 0.26% | 24.56 | +0.00% | +0.00% | +0.74% | +1.82% | 60 |
| IDCC Interdigital Inc | 0.25% | 339.29 | +0.33% | +4.62% | +0.40% | +7.04% | 59 |
| CIFR Cipher Digital Inc | 0.23% | 15.50 | +0.13% | -6.12% | -12.63% | +5.01% | 16 |
| SNAP Snap Inc | 0.23% | 5.78 | +3.03% | +8.24% | +5.67% | -28.38% | 72 |
| CRCL Circle Internet Group Inc Cl A | 0.23% | 84.13 | +1.00% | +0.51% | -17.56% | +6.09% | 6 |
| DSGX Descartes Sys Group | 0.23% | 78.62 | -2.54% | -1.07% | -0.41% | -10.31% | 55 |
| S Sentinelone Inc Cl A | 0.22% | 25.80 | +1.45% | +10.68% | +29.78% | +72.00% | 95 |
| OTEX Open Text Corp | 0.22% | 22.71 | +0.93% | +1.79% | -5.18% | -28.72% | 41 |
| PCOR Procore Technologies Inc | 0.21% | 54.39 | +0.39% | +9.79% | -6.24% | -25.23% | 37 |
| YOU Clear Secure Inc Cl A | 0.20% | 41.50 | +0.61% | +0.68% | -6.06% | +19.02% | 38 |
| MARA Mara Holdings Inc | 0.19% | 10.97 | -1.79% | -8.51% | -3.01% | +22.16% | 49 |
| ESTC Elastic N.V. | 0.18% | 94.60 | -0.33% | +6.53% | +3.04% | +25.40% | 65 |
| BSY Bentley Systems Inc Cl B | 0.18% | 35.97 | +3.51% | +15.58% | +6.70% | -5.40% | 75 |
| DBX Dropbox Inc | 0.18% | 33.73 | -1.86% | +3.15% | -3.16% | +21.33% | 47 |
| CVLT Commvault Systems | 0.17% | 154.98 | +0.81% | +5.90% | +13.61% | +23.63% | 85 |
| PATH Uipath Inc Cl A | 0.17% | 13.10 | -0.46% | +6.33% | -13.76% | -20.07% | 11 |
| ACIW Aci Worldwide Inc | 0.16% | 50.71 | -1.00% | +4.36% | -4.23% | +6.07% | 45 |
| CLSK Cleanspark Inc | 0.15% | 12.29 | -1.52% | -7.66% | -3.15% | +21.44% | 48 |
| APPF Appfolio Cl A | 0.15% | 203.31 | -0.46% | +3.82% | -5.12% | -12.61% | 42 |
| ZETA Zeta Global Holdings Corp Cl A | 0.14% | 32.95 | +0.21% | +13.78% | +5.10% | +61.92% | 68 |
| GTLB Gitlab Inc Cl A | 0.13% | 51.63 | +0.25% | +10.53% | +3.61% | +37.57% | 65 |
| BOX Box Inc | 0.13% | 35.27 | -0.20% | +7.69% | +0.23% | +17.92% | 58 |
| BB Blackberry Ltd | 0.13% | 9.58 | +5.51% | +9.86% | +24.42% | +152.77% | 92 |
| VRNS Varonis Systems Inc | 0.13% | 49.08 | +1.93% | +4.18% | +6.49% | +49.63% | 75 |
| QLYS Qualys Inc | 0.13% | 199.93 | +0.63% | +12.10% | +16.48% | +50.44% | 88 |
| TTAN Servicetitan Inc Cl A | 0.13% | 68.67 | -4.84% | +8.11% | -21.89% | -35.52% | 5 |
| DLB Dolby Laboratories | 0.12% | 58.46 | -1.52% | +0.91% | -5.65% | -7.90% | 40 |
| SOUN Soundhound AI Inc Cl A | 0.12% | 5.72 | -2.72% | -2.05% | -15.13% | -42.63% | 9 |
| BILL Bill Holdings Inc | 0.12% | 43.96 | -1.19% | +4.87% | -10.58% | -19.40% | 25 |
| RNG Ringcentral Inc | 0.12% | 77.26 | -2.28% | +3.80% | +5.27% | +168.41% | 69 |
| LIF Life360 Inc | 0.12% | 41.38 | -2.81% | +3.33% | -6.33% | -35.49% | 36 |
| PEGA Pegasystems Inc | 0.12% | 34.60 | +0.20% | +5.04% | -7.39% | -41.99% | 33 |
| TDC Teradata Corp | 0.11% | 29.62 | -0.97% | +3.24% | +5.60% | -2.69% | 71 |
| TENB Tenable Holdings Inc | 0.11% | 39.47 | +2.48% | +12.79% | +15.23% | +67.72% | 85 |
| ADEA Adeia Inc | 0.11% | 24.60 | -5.64% | -0.49% | -7.17% | +43.18% | 34 |
| QTWO Q2 Holdings Inc | 0.11% | 57.42 | -1.36% | +4.17% | -7.58% | -20.43% | 32 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.10% | 6.65 | +1.06% | +1.06% | -11.45% | -16.35% | 19 |
| WK Workiva Llc | 0.10% | 70.16 | -2.39% | +7.69% | -8.35% | -18.66% | 30 |
| RAMP Liveramp Holdings Inc | 0.09% | 37.65 | -0.16% | +0.00% | -0.26% | +28.19% | 56 |
| BRZE Braze Inc Cl A | 0.08% | 26.34 | -1.01% | +13.78% | -17.58% | -23.18% | 5 |
| ALRM Alarm.com | 0.08% | 56.11 | -0.23% | +4.22% | -0.66% | +9.98% | 54 |
| KVYO Klaviyo Inc Series A | 0.08% | 16.60 | -0.60% | +8.85% | -10.80% | -48.88% | 23 |
| AGYS Agilysys Inc | 0.08% | 98.79 | -0.71% | +2.54% | -11.29% | -16.87% | 20 |
| SPSC Sps Commerce Inc | 0.07% | 81.02 | +0.70% | -1.38% | -2.39% | -9.10% | 51 |
| ATEN A10 Networks Inc | 0.07% | 28.58 | +1.38% | +10.73% | +16.23% | +62.39% | 87 |
| NN Nextnav Inc | 0.07% | 13.27 | -0.38% | -4.46% | -12.58% | -20.25% | 17 |
| FRSH Freshworks Inc Cl A | 0.07% | 13.76 | +4.08% | +9.38% | +8.09% | +12.33% | 79 |
| FIVN Five9 Inc | 0.06% | 33.29 | -3.14% | -2.12% | +0.06% | +66.03% | 57 |
| NCNO Ncino Inc | 0.06% | 19.12 | -0.83% | +6.52% | -17.30% | -25.43% | 7 |
| AVPT Avepoint Inc Cl A | 0.05% | 14.59 | -0.48% | +7.52% | +8.64% | +5.04% | 80 |
| BL Blackline Inc | 0.05% | 28.17 | +0.14% | +6.83% | -13.88% | -49.05% | 10 |
| ALKT Alkami Technology Inc | 0.05% | 14.11 | -0.28% | +5.53% | -28.34% | -38.84% | 0 |
| PRGS Progress Software | 0.04% | 37.20 | -0.05% | -5.68% | -15.55% | -13.41% | 8 |
| AI C3.Ai Inc Cl A | 0.04% | 11.24 | +1.35% | +8.70% | +7.46% | -16.62% | 76 |
| INTA Intapp Inc | 0.04% | 37.03 | -0.94% | +5.20% | -11.22% | -19.18% | 21 |
| BLKB Blackbaud Inc | 0.04% | 43.51 | +0.46% | +5.02% | -7.62% | -31.29% | 31 |
| LSPD Lightspeed Commerce Inc | 0.04% | 10.14 | -0.69% | +4.00% | -3.52% | -16.06% | 46 |
| VERX Vertex Inc Cl A | 0.04% | 12.29 | +0.08% | +10.22% | -10.75% | -38.46% | 24 |
| VYX NCR Voyix Corporation | 0.03% | 6.73 | -1.61% | +1.66% | -26.37% | -34.02% | 2 |
| APPN Appian Corp Cl A | 0.03% | 37.25 | -2.51% | +5.43% | -2.92% | +5.17% | 50 |
| PD Pagerduty Inc | 0.02% | 15.44 | -0.96% | +3.28% | +13.36% | +17.77% | 84 |
| CXM Sprinklr Inc Cl A | 0.02% | 5.16 | -1.34% | +7.05% | -12.69% | -33.68% | 15 |
| ASAN Asana Inc Cl A | 0.02% | 9.29 | +1.64% | +12.88% | +5.45% | -32.24% | 70 |
| PAR Par Technology Corp | 0.02% | 14.50 | -0.82% | +7.33% | -26.66% | -60.03% | 1 |
| RPD Rapid7 Inc | 0.02% | 12.27 | -0.73% | +4.83% | +11.55% | -19.28% | 83 |
| NABL N-Able Inc | 0.01% | 4.42 | -0.90% | +5.24% | +8.87% | -40.91% | 81 |
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
IGV dispersion — data Q&A
Is IGV's move broad or carried by a few names (21 sessions)?
As of 2026-10-06: over 21 sessions the fund returned +6.30% while its median constituent returned -2.96% — a dispersion of 13.83 pp; 25% of 110 members beat the fund. Weakening below the surface - the A/D line is falling while price holds up; leadership is narrowing.
How did IGV's members trade in the last session?
As of 2026-10-06: fund +1.31%, median member +0.00%, 53 advancers vs 53 decliners.
What does the dispersion page for IGV 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. 110 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.