Constituent dispersion · breadth vs the index
IXJ — Global Healthcare
Concentration 34.87% in top 5 25.38 effective names · HHI 394
RS vs S&P 500 21d -0.53pp sector return − SPY
RS vs Nasdaq-100 21d +2.37pp sector return − QQQ
Broad advance - breadth is rising with price. Last 21 sessions — price +2.34% · A/D +120 (+1.54/name)
IXJ 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 | +2.01% | +1.15 | +0pp | +0.22pp | Confirming ↑ |
| 1 month | +2.34% | +1.54 | +14pp | +2.34pp | Confirming ↑ |
| 1 quarter | +11.17% | +3.94 | +11pp | +2.67pp | Confirming ↑ |
Over the last 126 sessions: price up +1.91%, breadth up (+1.29/name) · % beating 43→58 · median−ETF -1.18pp→+2.16pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.00% | +1.12% | +0.12pp | 63 / 15 | 40 / 38 | 42 of 78 | ±1.98% |
| 5d | +2.01% | +2.72% | +0.71pp | 64 / 14 | 47 / 31 | 25 of 78 | ±5.16% |
| 21d | +2.34% | +4.50% | +2.16pp | 54 / 24 | 45 / 33 | 7 of 78 | ±8.71% |
| YTD | +5.01% | +9.27% | +4.26pp | 53 / 24 | 47 / 30 | 3 of 77 | ±23.39% |
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)
- NOVO-B.CO+3.92%+0.07pp
- JNJ+0.88%+0.06pp
- TMO+2.41%+0.05pp
- ROP+1.30%+0.05pp
- ABBV+0.89%+0.04pp
- LLY-0.52%-0.06pp
- ZTS-5.97%-0.03pp
- RMD-5.06%-0.02pp
- COR-1.40%-0.01pp
- CVS-0.54%-0.01pp
This month (21d)
- ROP+13.01%+0.51pp
- AMGN+13.01%+0.31pp
- ABT+15.02%+0.3pp
- TMO+13.21%+0.3pp
- PFE+10.35%+0.2pp
- AZN-9.56%-0.37pp
- LLY-2.57%-0.27pp
- UNH-5.70%-0.26pp
- ISRG-7.96%-0.16pp
- CVS-6.92%-0.11pp
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)
- BAX+22.66%
- VEEV+21.49%
- REGN+17.43%
- CSL+17.42%
- BDX+17.24%
- MRNA-22.71%
- DVA-19.92%
- PODD-10.82%
- AZN-9.56%
- ISRG-7.96%
IXJ — constituent leadership race
$100 in each covered IXJ 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 — 78 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| LLY Eli Lilly and Company | 10.68% | 1185.71 | -0.52% | +3.21% | -2.57% | +10.52% | 18 |
| JNJ Johnson & Johnson | 7.23% | 259.24 | +0.88% | +1.13% | +0.05% | +25.93% | 32 |
| ABBV Abbvie Inc | 4.91% | 246.04 | +0.89% | -1.95% | -0.85% | +9.45% | 27 |
| UNH Unitedhealth Group | 4.59% | 407.08 | +0.77% | -1.77% | -5.70% | +24.28% | 9 |
| ROP Roper Industries | 3.90% | 402.25 | +1.30% | +2.62% | +13.01% | -9.22% | 79 |
| AZN Astrazeneca Plc | 3.86% | 161.42 | +0.88% | -4.22% | -9.56% | — | 4 |
| MRK Merck & Company | 3.81% | 128.58 | +0.16% | -1.24% | +2.81% | +23.06% | 44 |
| AMGN Amgen Inc | 2.41% | 410.95 | +1.51% | +6.69% | +13.01% | +26.42% | 81 |
| TMO Thermo Fisher Scientific | 2.24% | 594.00 | +2.41% | +3.43% | +13.21% | +2.61% | 82 |
| GILD Gilead Sciences Inc | 2.14% | 133.21 | +1.80% | +2.30% | -1.21% | +9.15% | 23 |
| ISRG Intuitive Surg Inc | 2.07% | 378.81 | +1.36% | +7.21% | -7.96% | -33.11% | 5 |
| ABT Abbott Laboratories | 2.02% | 107.81 | -0.14% | +2.00% | +15.02% | -12.97% | 88 |
| PFE Pfizer Inc | 1.95% | 26.76 | +2.14% | +7.00% | +10.35% | +9.27% | 73 |
| NOVO-B.CO NOVO NORDISK CLASS B | 1.86% | 305.10 | +3.92% | -0.46% | -4.70% | -2.96% | 10 |
| BMY Bristol-Myers Squibb Company | 1.61% | 64.72 | +0.89% | -0.90% | +11.70% | +22.65% | 77 |
| CVS CVS Corp | 1.57% | 95.70 | -0.54% | -8.36% | -6.92% | +22.65% | 6 |
| VRTX Vertex Pharmaceutic | 1.46% | 496.07 | +2.49% | +3.98% | -0.09% | +9.42% | 29 |
| DHR Danaher Corp | 1.44% | 204.76 | +2.39% | +5.02% | +4.48% | -10.36% | 49 |
| SYK Stryker Corp | 1.43% | 339.03 | +0.47% | +4.09% | +3.64% | -3.28% | 46 |
| GSK.LSE Gsk Plc ADR | 1.39% | 1960.50 | +1.24% | +1.50% | +0.05% | +9.30% | 31 |
| MDT Medtronic Inc | 1.33% | 87.16 | +1.44% | +2.07% | +5.79% | -8.52% | 55 |
| SNY Sanofi-Aventis S.A. ADR | 1.28% | 43.46 | +1.33% | +0.88% | -1.00% | -5.34% | 26 |
| MCK Mckesson Corp | 1.24% | 869.58 | -0.21% | +1.56% | +9.68% | +6.21% | 71 |
| ELV Elevance Health Inc | 1.14% | 394.20 | +0.72% | +4.89% | -6.23% | +13.15% | 8 |
| BSX Boston Scientific Corp | 1.12% | 49.31 | +0.02% | +5.52% | +9.60% | -48.29% | 69 |
| CI The Cigna Group | 0.99% | 282.49 | +2.63% | +1.23% | -3.19% | +3.80% | 15 |
| REGN Regeneron Pharmaceuticals | 0.86% | 784.36 | +1.59% | +2.85% | +17.43% | +1.74% | 96 |
| HCA Hca Holdings Inc | 0.81% | 413.36 | +1.09% | +2.68% | +1.06% | -11.33% | 35 |
| EL Estee Lauder Companies | 0.79% | 88.35 | +3.35% | +5.30% | +7.76% | -15.04% | 60 |
| COR Cencora Inc | 0.68% | 320.46 | -1.40% | +2.93% | +5.95% | -4.74% | 56 |
| EW Edwards Lifesciences Corp | 0.64% | 89.72 | +0.45% | +4.24% | -1.76% | +5.24% | 22 |
| CAH Cardinal Health | 0.62% | 236.40 | -0.53% | +2.77% | +1.13% | +15.60% | 36 |
| LONN.SW LONZA GROUP AG | 0.58% | 572.20 | +0.99% | +1.78% | -1.79% | +7.51% | 21 |
| IDXX Idexx Laboratories | 0.58% | 586.67 | -0.56% | +4.94% | +5.03% | -13.28% | 53 |
| BDX Becton Dickinson and Company | 0.55% | 176.86 | -0.12% | +6.79% | +17.24% | +16.66% | 94 |
| HLN Haleon Plc | 0.54% | 369.40 | -0.32% | +1.68% | +2.55% | -0.11% | 42 |
| GALD.SW GALDERMA GROUP N AG | 0.49% | 181.35 | +1.74% | +3.19% | +3.99% | +12.12% | 47 |
| HUM Humana Inc | 0.48% | 385.00 | +4.84% | +5.81% | -3.21% | +51.08% | 14 |
| SDZ.SW SANDOZ GROUP AG | 0.48% | 72.78 | +5.20% | +10.68% | +6.09% | +27.36% | 58 |
| CSL Carlisle Companies Inc | 0.46% | 387.49 | +1.22% | +7.66% | +17.42% | +21.88% | 95 |
| ZTS Zoetis Inc Cl A | 0.45% | 72.66 | -5.97% | -5.99% | -3.22% | -41.75% | 13 |
| ALC Alcon Inc | 0.45% | 57.34 | +1.63% | +3.54% | +6.11% | -8.95% | 59 |
| WAT Waters Corp | 0.44% | 406.86 | +1.79% | +7.83% | +7.88% | +7.12% | 62 |
| A Agilent Technologies | 0.43% | 145.97 | +3.28% | +5.49% | +9.27% | +7.71% | 67 |
| RMD Resmed Inc | 0.40% | 211.94 | -5.06% | +0.46% | +1.67% | -11.54% | 40 |
| GEHC GE Healthcare Technologies | 0.39% | 71.77 | +2.08% | +5.51% | +10.93% | -12.42% | 74 |
| IQV Iqvia Holdings Inc | 0.38% | 238.70 | +2.70% | +1.57% | +14.23% | +5.90% | 83 |
| DXCM Dexcom Inc | 0.37% | 84.75 | +2.08% | +1.56% | +16.06% | +27.69% | 90 |
| BIIB Biogen Inc | 0.37% | 207.94 | +0.80% | +2.46% | +4.54% | +18.15% | 51 |
| CNC Centene Corp | 0.36% | 65.77 | +2.45% | +5.71% | -2.71% | +59.83% | 17 |
| VEEV Veeva Systems Inc | 0.32% | 230.47 | +5.82% | +13.10% | +21.49% | +3.24% | 97 |
| WST West Pharmaceutical Services | 0.30% | 354.07 | +1.57% | +3.85% | -1.00% | +28.90% | 24 |
| MTD Mettler-Toledo International | 0.29% | 1429.46 | +0.58% | +0.93% | +10.98% | +2.53% | 76 |
| STE Steris Corp | 0.28% | 237.47 | +2.45% | +3.97% | +9.94% | -6.09% | 72 |
| DGX Quest Diagnostics Inc | 0.28% | 238.35 | -0.06% | +2.29% | +14.56% | +38.58% | 86 |
| LH Laboratory Corp of America | 0.28% | 319.17 | +0.83% | +3.22% | +14.96% | +27.89% | 87 |
| PHIA.AS KONINKLIJKE PHILIPS NV | 0.28% | 23.13 | +0.70% | +1.72% | -3.30% | -0.47% | 12 |
| VTRS Viatris Inc | 0.25% | 16.43 | +0.86% | -6.44% | +0.55% | +34.07% | 33 |
| MRK Merck & Company | 0.25% | 128.58 | +0.16% | -1.24% | +2.81% | +23.06% | 44 |
| ZBH Zimmer Biomet Holdings | 0.22% | 96.55 | -0.66% | +2.79% | +8.20% | +7.66% | 63 |
| MRNA Moderna Inc | 0.22% | 59.17 | +9.86% | +7.94% | -22.71% | +100.64% | 0 |
| INCY Incyte Corp | 0.22% | 120.56 | +1.84% | +0.87% | +1.72% | +22.06% | 41 |
| SOON.SW SONOVA HOLDING AG | 0.17% | 235.60 | +0.77% | +7.09% | +16.52% | +13.76% | 91 |
| STMN.SW STRAUMANN HOLDING AG | 0.17% | 102.90 | +0.68% | +3.02% | -0.72% | +11.33% | 28 |
| COO Cooper Companies | 0.16% | 74.23 | +1.24% | +2.64% | +4.52% | -9.43% | 50 |
| RO.SW ROCHE HOLDING AG | 0.16% | 372.60 | +1.14% | +3.90% | +9.46% | +14.45% | 68 |
| SOLV Solventum Corporation | 0.15% | 82.98 | +0.02% | -2.88% | +9.24% | +4.72% | 65 |
| PODD Insulet Corp | 0.15% | 141.17 | +1.34% | -14.62% | -10.82% | -50.33% | 3 |
| RVTY Revvity Inc | 0.14% | 114.66 | +0.37% | +1.90% | +1.58% | +18.68% | 37 |
| ALGN Align Technology | 0.14% | 173.66 | +2.71% | +2.66% | -2.53% | +11.21% | 19 |
| BAX Baxter International | 0.13% | 27.55 | +2.00% | +5.31% | +22.66% | +44.31% | 99 |
| UHS Universal Health Services | 0.12% | 173.54 | +2.25% | +3.03% | +11.82% | -20.32% | 78 |
| CRL Charles River Laboratories | 0.10% | 267.49 | +0.75% | +15.04% | +14.51% | +34.09% | 85 |
| COLO-B.CO COLOPLAST B | 0.10% | 437.50 | +2.68% | +1.89% | +9.24% | -18.93% | 64 |
| TECH Bio-Techne Corp | 0.10% | 72.29 | +0.54% | +0.28% | +1.60% | +23.31% | 38 |
| HSIC Henry Schein Inc | 0.10% | 88.13 | -0.11% | +2.78% | +5.09% | +16.60% | 54 |
| DVA Davita Healthcare Partners | 0.09% | 183.77 | +1.72% | -23.46% | -19.92% | +61.76% | 1 |
| GETI-B.ST GETINGE B | 0.06% | 237.00 | -0.29% | -0.17% | +16.58% | +10.98% | 92 |
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.