Constituent dispersion · breadth vs the index
IGV — iShares Expanded Tech-Software
Concentration 38.16% in top 5 21.93 effective names · HHI 456
RS vs S&P 500 21d +6.51pp sector return − SPY
RS vs Nasdaq-100 21d +9.41pp sector return − QQQ
Broad advance - breadth is rising with price. Last 21 sessions — price +9.38% · A/D +215 (+1.95/name)
IGV price
Cumulative advance / decline of constituents — rises when more names are up than down; turns before price at inflections
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 | +8.57% | +1.75 | -5pp | -1.96pp | Confirming ↑ |
| 1 month | +9.38% | +1.95 | -10pp | -3.81pp | Confirming ↑ |
| 1 quarter | +13.06% | +2.33 | +17pp | +6.13pp | Confirming ↑ |
Over the last 126 sessions: price up +24.56%, breadth up (+6.28/name) · % beating 55→56 · median−ETF +1.23pp→+2.20pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +3.29% | +2.34% | -0.95pp | 87 / 20 | 40 / 70 | 29 of 110 | ±4.9% |
| 5d | +8.57% | +6.42% | -2.16pp | 85 / 24 | 44 / 66 | 9 of 110 | ±10.99% |
| 21d | +9.38% | +11.40% | +2.01pp | 83 / 27 | 60 / 50 | 1 of 110 | ±17.4% |
| YTD | -2.82% | -8.12% | -5.30pp | 42 / 68 | 49 / 61 | 7 of 110 | ±37.64% |
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)
- PLTR+10.32%+0.74pp
- NOW+6.42%+0.23pp
- CRWD+3.39%+0.21pp
- CRM+3.20%+0.19pp
- TEAM+35.31%+0.18pp
- MARA-5.26%-0.01pp
- WULF-3.06%-0.01pp
- RIOT-3.25%-0.01pp
- FTNT-0.29%-0.01pp
- HUT-2.27%-0.01pp
This month (21d)
- MSFT+30.08%+2.46pp
- PLTR+33.30%+2.39pp
- CRM+18.61%+1.13pp
- ADBE+19.12%+0.71pp
- PANW+7.55%+0.57pp
- APP-33.36%-1.61pp
- CDNS-12.10%-0.44pp
- DDOG-13.04%-0.35pp
- SNPS-6.18%-0.22pp
- FICO-18.60%-0.2pp
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)
- TEAM+64.34%
- BLKB+56.87%
- RNG+53.91%
- U+39.93%
- APPN+37.24%
- APP-33.36%
- ATEN-29.57%
- WULF-26.38%
- CIFR-24.59%
- MARA-23.68%
IGV — constituent leadership race
$100 in each covered IGV constituent at 2025-12-30, rebased to 100. Watch leadership change hands.
0%
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% | 145.48 | +1.40% | +12.02% | +1.22% | -24.90% | 29 |
| MSFT Microsoft Corp | 8.19% | 499.99 | +0.03% | +7.59% | +30.08% | +3.62% | 92 |
| PANW Palo Alto Networks | 7.49% | 363.86 | +1.22% | +9.65% | +7.55% | +97.54% | 41 |
| PLTR Palantir Technologies Cl A | 7.18% | 172.01 | +10.32% | +39.78% | +33.30% | -3.23% | 93 |
| CRWD Crowdstrike Holdings | 6.06% | 214.42 | +3.39% | +12.34% | +8.07% | +82.97% | 43 |
| CRM Salesforce Inc | 6.05% | 192.74 | +3.20% | +4.74% | +18.61% | -27.06% | 71 |
| APP Applovin Corp Cl A | 4.82% | 346.80 | +3.32% | -12.40% | -33.36% | -48.53% | 0 |
| ADBE Adobe Systems Inc | 3.71% | 265.21 | +1.91% | +5.91% | +19.12% | -24.22% | 73 |
| CDNS Cadence Design Sys | 3.62% | 339.24 | +0.24% | -0.23% | -12.10% | +8.53% | 9 |
| NOW Servicenow Inc | 3.61% | 124.88 | +6.42% | +12.27% | +14.74% | -18.48% | 63 |
| SNPS Synopsys Inc | 3.57% | 415.99 | +2.47% | +7.00% | -6.18% | -11.44% | 15 |
| FTNT Fortinet Inc | 3.03% | 159.64 | -0.29% | -1.43% | -2.50% | +101.03% | 22 |
| INTU Intuit Inc | 2.92% | 325.25 | +1.04% | +2.90% | +18.97% | -50.66% | 72 |
| DDOG Datadog Inc Cl A | 2.65% | 233.93 | +2.02% | -12.70% | -13.04% | +72.02% | 8 |
| MSTR Strategy Inc | 1.92% | 100.01 | +3.26% | +7.21% | +6.52% | -34.18% | 39 |
| ADSK Autodesk Inc | 1.89% | 249.08 | +2.73% | +6.35% | +19.42% | -15.85% | 75 |
| EA Electronic Arts Inc | 1.69% | 209.70 | +0.00% | +0.38% | +2.07% | +2.73% | 33 |
| TTWO Take-Two Interactive | 1.54% | 246.50 | +6.04% | +1.47% | +0.16% | -3.72% | 25 |
| ROP Roper Industries | 1.28% | 402.25 | +1.30% | +2.62% | +13.01% | -9.22% | 56 |
| FICO Fair Isaac and Company | 1.08% | 1041.40 | +0.92% | -7.26% | -18.60% | -38.40% | 6 |
| WDAY Workday Inc | 0.96% | 179.64 | +5.52% | +12.04% | +29.85% | -16.36% | 91 |
| ZM Zoom Communications Inc | 0.95% | 104.50 | +3.16% | +8.77% | +16.27% | +21.10% | 67 |
| ZS Zscaler Inc | 0.65% | 168.68 | +3.74% | +11.56% | +14.65% | -25.00% | 62 |
| PTC Ptc Inc | 0.64% | 147.71 | +0.03% | +7.66% | +19.32% | -15.21% | 74 |
| TEAM Atlassian Corp | 0.52% | 149.07 | +35.31% | +47.57% | +64.34% | -8.06% | 99 |
| GEN Gen Digital Inc | 0.51% | 29.17 | +3.81% | +6.27% | +12.24% | +8.43% | 52 |
| TRMB Trimble Navigation | 0.49% | 59.51 | +1.64% | +5.18% | +12.90% | -24.05% | 55 |
| TYL Tyler Technologies | 0.49% | 312.45 | +2.00% | +0.92% | +0.46% | -31.17% | 26 |
| NTNX Nutanix Inc | 0.45% | 62.67 | +4.24% | +6.20% | +12.86% | +21.24% | 54 |
| DT Dynatrace Inc | 0.43% | 48.97 | +0.20% | +10.49% | +8.27% | +12.99% | 44 |
| GWRE Guidewire Software Inc | 0.43% | 170.53 | +6.56% | +12.24% | +26.27% | -15.16% | 85 |
| IOT Samsara Inc Cl A | 0.40% | 40.88 | +6.96% | +9.69% | +10.52% | +15.32% | 45 |
| HUBS Hubspot Inc | 0.39% | 210.45 | +3.96% | -11.34% | +2.18% | -47.56% | 35 |
| HUT Hut 8 Corp | 0.38% | 88.59 | -2.27% | -17.69% | -16.60% | +92.84% | 7 |
| RBRK Rubrik Inc Cl A | 0.37% | 90.07 | +6.47% | +24.47% | +1.49% | +17.77% | 31 |
| DOCU Docusign Inc | 0.36% | 60.26 | +5.91% | +9.90% | +23.58% | -11.90% | 81 |
| QBTS D-Wave Quantum Inc | 0.35% | 20.76 | +6.98% | +14.82% | -1.89% | -20.61% | 23 |
| BMNR Bitmine Immersion Technologies | 0.33% | 18.82 | +2.84% | +8.91% | +28.11% | -30.68% | 87 |
| AUR Aurora Innovation Inc Cl A | 0.33% | 7.06 | +4.13% | +9.46% | +12.42% | +83.85% | 53 |
| U Unity Software Inc | 0.33% | 43.00 | +5.37% | +35.60% | +39.93% | -2.65% | 96 |
| WULF Terawulf Inc | 0.32% | 17.08 | -3.06% | -3.28% | -26.38% | +48.65% | 2 |
| MANH Manhattan Assoc | 0.30% | 195.23 | +2.41% | +2.02% | +24.64% | +12.65% | 83 |
| RIOT Riot Platforms Inc | 0.29% | 20.52 | -3.25% | +1.74% | -4.60% | +61.96% | 17 |
| CORZ Core Scientific Inc | 0.29% | 21.01 | -0.19% | +1.40% | -11.50% | +44.30% | 11 |
| CWAN Clearwater Analytics Holdings Inc Cl A | 0.26% | 24.56 | +0.00% | +0.00% | +0.74% | +1.82% | 27 |
| IDCC Interdigital Inc | 0.25% | 344.56 | +4.92% | +13.03% | +29.40% | +8.71% | 89 |
| CIFR Cipher Digital Inc | 0.23% | 17.54 | -3.68% | -21.42% | -24.59% | +18.83% | 3 |
| SNAP Snap Inc | 0.23% | 5.33 | +2.11% | +13.65% | +13.40% | -33.95% | 58 |
| CRCL Circle Internet Group Inc Cl A | 0.23% | 66.67 | +5.36% | +6.48% | +5.81% | -15.93% | 37 |
| DSGX Descartes Sys Group | 0.23% | 79.57 | +2.30% | +5.87% | +10.78% | -9.23% | 46 |
| S Sentinelone Inc Cl A | 0.22% | 21.40 | +3.08% | +12.28% | +13.47% | +42.67% | 60 |
| OTEX Open Text Corp | 0.22% | 24.94 | -2.81% | -1.58% | +8.58% | -21.72% | 45 |
| PCOR Procore Technologies Inc | 0.21% | 57.06 | +2.40% | +4.18% | +29.62% | -21.56% | 90 |
| YOU Clear Secure Inc Cl A | 0.20% | 51.29 | -3.26% | -7.15% | -8.61% | +47.10% | 13 |
| MARA Mara Holdings Inc | 0.19% | 10.09 | -5.26% | -10.87% | -23.68% | +12.36% | 4 |
| ESTC Elastic N.V. | 0.18% | 75.11 | +7.38% | +14.17% | +21.03% | -0.44% | 78 |
| BSY Bentley Systems Inc Cl B | 0.18% | 35.21 | -0.42% | -0.65% | +11.39% | -7.40% | 49 |
| DBX Dropbox Inc | 0.18% | 34.81 | +0.78% | +6.91% | +18.36% | +25.22% | 69 |
| CVLT Commvault Systems | 0.17% | 135.90 | +1.91% | +15.37% | -10.25% | +8.41% | 12 |
| PATH Uipath Inc Cl A | 0.17% | 15.05 | +7.50% | +17.95% | +27.54% | -8.18% | 86 |
| ACIW Aci Worldwide Inc | 0.16% | 53.67 | -2.81% | -6.38% | -4.84% | +12.26% | 16 |
| CLSK Cleanspark Inc | 0.15% | 12.30 | -3.53% | -10.61% | -4.58% | +21.54% | 18 |
| APPF Appfolio Cl A | 0.15% | 198.74 | +2.39% | +10.29% | +13.36% | -14.58% | 57 |
| ZETA Zeta Global Holdings Corp Cl A | 0.14% | 26.64 | +4.23% | +23.33% | +21.53% | +30.91% | 79 |
| GTLB Gitlab Inc Cl A | 0.13% | 38.97 | +9.22% | +12.92% | +15.09% | +3.84% | 64 |
| BOX Box Inc | 0.13% | 33.24 | +4.36% | +5.36% | +15.42% | +11.13% | 65 |
| BB Blackberry Ltd | 0.13% | 8.98 | +2.28% | +5.65% | -21.43% | +136.94% | 5 |
| VRNS Varonis Systems Inc | 0.13% | 43.52 | +2.54% | +8.94% | -5.00% | +32.68% | 15 |
| QLYS Qualys Inc | 0.13% | 183.48 | +0.94% | +26.76% | +15.11% | +38.06% | 65 |
| TTAN Servicetitan Inc Cl A | 0.13% | 85.83 | +0.28% | +3.33% | +8.04% | -19.41% | 42 |
| DLB Dolby Laboratories | 0.12% | 61.77 | +1.40% | +5.03% | +23.24% | -2.68% | 80 |
| SOUN Soundhound AI Inc Cl A | 0.12% | 8.02 | +13.28% | +30.83% | +20.06% | -19.56% | 75 |
| BILL Bill Holdings Inc | 0.12% | 47.99 | +2.11% | +6.34% | +18.44% | -12.01% | 70 |
| RNG Ringcentral Inc | 0.12% | 63.01 | +1.92% | +13.52% | +53.91% | +118.90% | 97 |
| LIF Life360 Inc | 0.12% | 63.20 | +5.87% | +16.92% | +16.30% | -1.47% | 68 |
| PEGA Pegasystems Inc | 0.12% | 32.74 | +3.38% | +7.17% | +2.09% | -45.11% | 34 |
| TDC Teradata Corp | 0.11% | 27.39 | +1.63% | -11.62% | -21.36% | -10.02% | 5 |
| TENB Tenable Holdings Inc | 0.11% | 36.38 | +0.58% | +11.46% | -12.06% | +54.61% | 10 |
| ADEA Adeia Inc | 0.11% | 28.23 | -0.18% | +5.93% | -4.40% | +64.30% | 19 |
| QTWO Q2 Holdings Inc | 0.11% | 62.81 | -0.88% | +3.19% | +20.46% | -12.96% | 76 |
| CCC CCC Intelligent Solutions Hldgs Inc | 0.10% | 6.92 | +6.46% | +13.63% | +28.62% | -12.96% | 88 |
| WK Workiva Llc | 0.10% | 65.14 | +4.98% | +8.93% | +24.48% | -24.48% | 82 |
| RAMP Liveramp Holdings Inc | 0.09% | 37.81 | -0.03% | -0.16% | +0.08% | +28.74% | 25 |
| BRZE Braze Inc Cl A | 0.08% | 26.54 | +3.23% | +6.50% | +6.84% | -22.60% | 40 |
| ALRM Alarm.com | 0.08% | 57.53 | +2.20% | +5.08% | +11.30% | +12.76% | 48 |
| KVYO Klaviyo Inc Series A | 0.08% | 16.62 | -0.66% | -6.84% | -3.15% | -48.81% | 21 |
| AGYS Agilysys Inc | 0.08% | 108.58 | +0.93% | +3.25% | -0.51% | -8.63% | 24 |
| SPSC Sps Commerce Inc | 0.07% | 73.38 | +1.96% | -0.01% | +20.81% | -17.67% | 77 |
| ATEN A10 Networks Inc | 0.07% | 26.84 | -2.75% | -9.23% | -29.57% | +52.50% | 1 |
| NN Nextnav Inc | 0.07% | 16.31 | +8.73% | +24.41% | -3.55% | -1.98% | 20 |
| FRSH Freshworks Inc Cl A | 0.07% | 11.84 | +2.16% | +4.27% | +13.85% | -3.35% | 61 |
| FIVN Five9 Inc | 0.06% | 33.99 | +19.81% | +23.56% | +36.34% | +69.53% | 95 |
| NCNO Ncino Inc | 0.06% | 19.17 | +0.95% | +3.85% | +12.90% | -25.23% | 55 |
| AVPT Avepoint Inc Cl A | 0.05% | 12.79 | +0.00% | -1.84% | +0.95% | -7.92% | 28 |
| BL Blackline Inc | 0.05% | 29.55 | -1.50% | -5.89% | +1.76% | -46.55% | 32 |
| ALKT Alkami Technology Inc | 0.05% | 19.73 | +0.20% | +8.59% | +11.41% | -14.48% | 50 |
| PRGS Progress Software | 0.04% | 42.84 | +2.46% | +5.54% | +11.27% | -0.28% | 47 |
| AI C3.Ai Inc Cl A | 0.04% | 10.22 | +3.65% | +11.33% | +13.43% | -24.18% | 59 |
| INTA Intapp Inc | 0.04% | 37.73 | +3.77% | +15.42% | +36.16% | -17.66% | 94 |
| BLKB Blackbaud Inc | 0.04% | 45.87 | -1.06% | +7.17% | +56.87% | -27.56% | 98 |
| LSPD Lightspeed Commerce Inc | 0.04% | 10.46 | +2.25% | +3.46% | +2.35% | -13.41% | 35 |
| VERX Vertex Inc Cl A | 0.04% | 11.94 | +3.20% | -7.51% | -6.72% | -40.21% | 14 |
| VYX NCR Voyix Corporation | 0.03% | 8.25 | -1.55% | -0.24% | +3.25% | -19.12% | 36 |
| APPN Appian Corp Cl A | 0.03% | 34.64 | +13.91% | +28.49% | +37.24% | -2.20% | 95 |
| PD Pagerduty Inc | 0.02% | 11.69 | +5.32% | +10.49% | +11.76% | -10.83% | 51 |
| CXM Sprinklr Inc Cl A | 0.02% | 6.86 | +3.78% | +7.86% | +24.73% | -11.83% | 84 |
| ASAN Asana Inc Cl A | 0.02% | 9.26 | +6.68% | +11.30% | +25.64% | -32.46% | 85 |
| PAR Par Technology Corp | 0.02% | 17.81 | +4.03% | +5.07% | +6.39% | -50.91% | 38 |
| RPD Rapid7 Inc | 0.02% | 11.57 | +11.46% | +19.90% | +1.40% | -23.88% | 30 |
| NABL N-Able Inc | 0.01% | 4.99 | +2.46% | +6.62% | +16.05% | -33.29% | 66 |
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.