Constituent dispersion · breadth vs the index
IXP — Global Communications
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 | -0.13% | +0.11 | -5pp | +3.49pp | Improving |
| 1 month | +0.35% | -2.89 | -37pp | -5.47pp | Weakening |
| 1 quarter | +2.53% | -0.43 | -30pp | -3.73pp | Weakening |
Over the last 126 sessions: price up +0.08%, breadth down (-3.92/name) · % beating 65→12 · median−ETF +2.30pp→-5.48pp.
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -0.17% | +0.03% | +0.20pp | 19 / 17 | 21 / 16 | 20 of 37 | ±1.68% |
| 5d | -0.13% | -0.19% | -0.06pp | 16 / 20 | 18 / 19 | 17 of 37 | ±2.56% |
| 21d | +0.35% | -5.13% | -5.48pp | 7 / 30 | 7 / 30 | 1 of 37 | ±9.18% |
| YTD | -2.07% | -6.07% | -4.00pp | 16 / 21 | 16 / 21 | 1 of 37 | ±19.24% |
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)
- DTE+2.54%+0.08pp
- NFLX+1.76%+0.07pp
- GOOGL+0.35%+0.05pp
- T+0.78%+0.03pp
- GOOG+0.22%+0.02pp
- META-0.41%-0.06pp
- SATS-4.14%-0.02pp
- SCMN.SW-2.18%-0.01pp
- VOD-1.55%-0.01pp
- KPN.AS-2.11%-0.01pp
This month (21d)
- META+19.80%+2.92pp
- GOOGL+2.72%+0.36pp
- GOOG+2.77%+0.29pp
- WBD+9.09%+0.16pp
- EA+2.35%+0.03pp
- NFLX-12.22%-0.51pp
- CMCSA-18.61%-0.44pp
- VZ-8.30%-0.35pp
- TMUS-8.59%-0.2pp
- T-4.87%-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)
- META+19.80%
- WBD+9.09%
- TEL+5.20%
- GOOG+2.77%
- GOOGL+2.72%
- CHTR-28.52%
- SATS-26.16%
- CAR-18.80%
- CMCSA-18.61%
- TTD-17.39%
IXP — constituent leadership race
$100 in each covered IXP 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 — 37 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| META META Platforms Inc | 14.74% | 738.88 | -0.41% | +0.01% | +19.80% | +12.03% | 97 |
| GOOGL Alphabet Cl A | 13.27% | 347.68 | +0.35% | +1.98% | +2.72% | +11.16% | 86 |
| GOOG Alphabet Cl C | 10.54% | 344.59 | +0.22% | +2.16% | +2.77% | +9.89% | 89 |
| DIS Walt Disney Company | 4.53% | 104.03 | +0.41% | -1.31% | -1.22% | -8.56% | 73 |
| VZ Verizon Communications | 4.21% | 45.98 | +0.28% | +0.00% | -8.30% | +16.58% | 32 |
| NFLX Netflix Inc | 4.18% | 68.69 | +1.76% | -2.29% | -12.22% | -26.74% | 16 |
| T AT&T Inc | 4.12% | 24.43 | +0.78% | -0.20% | -4.87% | +0.54% | 57 |
| DTE Dte Energy Company | 3.06% | 128.22 | +2.54% | +4.76% | -5.78% | +0.19% | 41 |
| TMUS T-Mobile US | 2.38% | 165.93 | +0.78% | +1.81% | -8.59% | -17.88% | 30 |
| CMCSA Comcast Corp A | 2.37% | 21.56 | -0.05% | -0.19% | -18.61% | -21.23% | 8 |
| WBD Discovery Inc Series A | 1.77% | 30.95 | +0.03% | +0.16% | +9.09% | +7.39% | 95 |
| EA Electronic Arts Inc | 1.20% | 209.70 | +0.00% | +0.05% | +2.35% | +2.73% | 84 |
| TTWO Take-Two Interactive | 1.09% | 202.53 | -0.46% | -0.12% | -5.66% | -20.90% | 46 |
| ORA Ormat Technologies | 1.03% | 93.07 | +1.95% | +1.97% | -11.74% | -15.49% | 19 |
| VOD Vodafone Grp Plc ADR | 0.78% | 16.53 | -1.55% | +1.22% | -2.19% | +27.47% | 68 |
| LYV Live Nation Entertainment | 0.69% | 171.80 | +0.66% | +0.41% | -0.98% | +20.56% | 78 |
| UMG.AS UNIVERSAL MUSIC GROUP NV | 0.65% | 14.29 | +0.88% | -0.58% | +1.17% | -34.84% | 81 |
| OMC Omnicom Group Inc | 0.61% | 75.10 | -0.20% | +1.29% | -9.10% | -6.07% | 27 |
| BCE BCE Inc | 0.60% | 19.75 | +0.05% | -1.94% | -16.56% | -14.93% | 14 |
| SCMN.SW SWISSCOM AG | 0.58% | 627.00 | -2.18% | -1.65% | -1.10% | +13.18% | 76 |
| KPN.AS KONINKLIJKE KPN NV | 0.54% | 3.89 | -2.11% | -2.53% | -5.10% | +0.08% | 54 |
| T AT&T Inc | 0.51% | 24.43 | +0.78% | -0.20% | -4.87% | +0.54% | 57 |
| CLNX.MC CELLNEX TELECOM | 0.51% | 22.88 | +1.10% | +1.06% | -9.85% | -15.43% | 24 |
| TEF.MC Telefonica S.A. ADR | 0.49% | 3.38 | -1.49% | -0.38% | -6.61% | -3.38% | 38 |
| SATS Echostar Corp | 0.46% | 92.03 | -4.14% | -8.74% | -26.16% | -15.34% | 3 |
| CHTR Charter Communications | 0.34% | 108.64 | +0.81% | -1.83% | -28.52% | -47.96% | 0 |
| FOXA Fox Corp Cl A | 0.34% | 62.08 | -1.97% | -0.64% | -5.11% | -14.62% | 51 |
| TKO Tko Group Holdings Cl A | 0.33% | 176.46 | -0.33% | -0.63% | -5.13% | -15.23% | 49 |
| TELIA.ST TELIA COMPANY | 0.33% | 43.60 | -1.02% | -3.00% | -2.44% | +13.20% | 65 |
| TEL Te Connectivity Ltd | 0.28% | 219.51 | +0.26% | +3.26% | +5.20% | -2.85% | 92 |
| NWSA News Corp Cl A | 0.26% | 28.55 | -1.38% | +0.11% | -5.74% | +9.76% | 43 |
| TTD Trade Desk Inc | 0.25% | 11.92 | -0.50% | -1.08% | -17.39% | -68.60% | 11 |
| FOX Fox Corp Cl B | 0.21% | 55.58 | -1.98% | -0.45% | -4.86% | -13.94% | 62 |
| ELISA.HE ELISA | 0.18% | 34.82 | -3.33% | -4.50% | -1.86% | -6.40% | 70 |
| CAR Avis Budget Group | 0.18% | 112.65 | +4.32% | +5.49% | -18.80% | -12.21% | 5 |
| NWS News Corp Cl B | 0.10% | 31.52 | -1.50% | +0.06% | -6.74% | +6.77% | 35 |
| PSKY Paramount Skydance Corp Cl B | 0.08% | 9.78 | +2.89% | -4.91% | -11.46% | -26.68% | 22 |
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
IXP dispersion — data Q&A
Is IXP's move broad or carried by a few names (21 sessions)?
As of 2026-10-06: over 21 sessions the fund returned +0.35% while its median constituent returned -5.13% — a dispersion of 9.18 pp; 19% of 37 members beat the fund. Weakening below the surface - the A/D line is falling while price holds up; leadership is narrowing.
How did IXP's members trade in the last session?
As of 2026-10-06: fund -0.17%, median member +0.03%, 19 advancers vs 17 decliners.
What does the dispersion page for IXP 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. 37 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.