Constituent dispersion · breadth vs the index
QQXT — First Trust Nasdaq-100 Ex-Technology
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 | +2.45% | +0.61 | -7pp | -1.09pp | Confirming ↑ |
| 1 month | +3.77% | +0.79 | -7pp | -1.12pp | Confirming ↑ |
| 1 quarter | +4.75% | +1.32 | -6pp | -1.64pp | Confirming ↑ |
Over the last 126 sessions: price up +2.10%, breadth up (+2.64/name) · % beating 58→47 · median−ETF +3.16pp→-0.73pp.
Stocks above their moving average — participation breadth
Of the 56 covered constituents, the share trading above each simple moving average — the classic breadth gauge. A firm index price with a low %-above-MA is a narrow, top-heavy tape. As of 2026-08-07.
New highs & new lows — by horizon
How many of the 56 covered constituents closed today at a new high (or low) over each window, and the net. A shrinking net as the index holds up = fewer names leading.
| Horizon | New highs | New lows | Net |
|---|---|---|---|
| 5-Day | 18 (32%) | 3 (5%) | +15 |
| 1-Month | 11 (20%) | 1 (2%) | +10 |
| 3-Month | 8 (14%) | 0 (0%) | +8 |
| 6-Month | 5 (9%) | 0 (0%) | +5 |
| 52-Week | 5 (9%) | 0 (0%) | +5 |
| YTD | 6 (11%) | 0 (0%) | +6 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.49% | +0.63% | -0.87pp | 37 / 18 | 18 / 38 | 22 of 56 | ±3.07% |
| 5d | +2.45% | +1.92% | -0.53pp | 41 / 15 | 23 / 33 | 17 of 56 | ±6.51% |
| 21d | +3.77% | +3.03% | -0.74pp | 38 / 18 | 26 / 30 | 5 of 56 | ±9.83% |
| YTD | +3.41% | +6.48% | +3.07pp | 38 / 17 | 31 / 24 | 3 of 55 | ±27.8% |
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)
- ABNB+17.43%+0.32pp
- AXON+9.29%+0.17pp
- TTWO+6.04%+0.11pp
- LITE+6.22%+0.08pp
- BKNG+3.39%+0.06pp
- MNST-4.04%-0.08pp
- MAR-1.60%-0.03pp
- CHTR-3.09%-0.03pp
- BKR-1.55%-0.03pp
- KDP-1.19%-0.02pp
This month (21d)
- PYPL+30.34%+0.52pp
- ABNB+21.23%+0.39pp
- BKNG+22.16%+0.38pp
- DXCM+16.06%+0.31pp
- ROST+15.70%+0.3pp
- ALNY-29.92%-0.51pp
- TSLA-19.18%-0.38pp
- MNST-6.41%-0.13pp
- LIN-6.77%-0.12pp
- ISRG-7.96%-0.12pp
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)
- PYPL+30.34%
- BKNG+22.16%
- ABNB+21.23%
- REGN+17.43%
- DXCM+16.06%
- ALNY-29.92%
- TSLA-19.18%
- ISRG-7.96%
- LIN-6.77%
- MNST-6.41%
QQXT — constituent leadership race
$100 in each covered QQXT 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 — 56 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| CSCO Cisco Systems Inc | 2.93% | 121.43 | +0.45% | +4.69% | +2.64% | +59.34% | 46 |
| ODFL Old Dominion Freight Line | 2.34% | 216.36 | +2.34% | +1.99% | -4.20% | +38.18% | 13 |
| AMZN Amazon.com Inc | 2.16% | 274.48 | +0.82% | +1.07% | +11.11% | +18.92% | 75 |
| CSX CSX Corp | 2.12% | 50.27 | -0.85% | -0.26% | +1.86% | +39.13% | 39 |
| MAR Marriot Int Cl A | 2.11% | 353.91 | -1.60% | -5.07% | -4.98% | +14.30% | 11 |
| MNST Monster Beverage Corp | 2.10% | 90.36 | -4.04% | -6.25% | -6.41% | +17.86% | 7 |
| TSLA Tesla Inc | 1.99% | 328.58 | +2.83% | +5.58% | -19.18% | -26.94% | 2 |
| KDP Keurig Dr Pepper Inc | 1.98% | 30.01 | -1.19% | -3.57% | -2.31% | +8.98% | 16 |
| ADP Automatic Data Processing | 1.94% | 271.32 | -0.80% | +1.82% | +12.45% | +6.35% | 79 |
| ROST Ross Stores Inc | 1.93% | 255.23 | +0.36% | +1.66% | +15.70% | +41.99% | 89 |
| BKR Baker Hughes Company | 1.92% | 61.55 | -1.55% | +2.13% | +7.60% | +36.12% | 61 |
| DXCM Dexcom Inc | 1.90% | 84.75 | +2.08% | +1.56% | +16.06% | +27.69% | 91 |
| MDLZ Mondelez Intl Inc | 1.90% | 62.61 | -0.22% | +0.48% | +7.39% | +17.32% | 59 |
| TTWO Take-Two Interactive | 1.89% | 246.50 | +6.04% | +1.47% | +0.16% | -3.72% | 32 |
| FER Ferrovial N.V. | 1.89% | 66.51 | +1.71% | +2.17% | +3.02% | +2.94% | 48 |
| FAST Fastenal Company | 1.89% | 51.84 | +2.05% | +8.66% | +11.84% | +30.59% | 77 |
| PAYX Paychex Inc | 1.88% | 120.04 | -0.07% | +2.74% | +12.97% | +8.12% | 80 |
| PCAR Paccar Inc | 1.86% | 133.11 | +0.80% | +0.32% | +7.97% | +22.25% | 64 |
| FANG Diamondback Energy | 1.84% | 188.04 | -0.84% | -7.35% | +3.32% | +25.83% | 52 |
| ABNB Airbnb Inc Cl A | 1.82% | 178.07 | +17.43% | +17.52% | +21.23% | +31.20% | 95 |
| LIN Linde Plc | 1.82% | 489.98 | -0.03% | +2.42% | -6.77% | +15.30% | 5 |
| KHC Kraft Heinz Company | 1.82% | 25.32 | +1.44% | -2.05% | +2.59% | +6.16% | 45 |
| AXON Axon Enterprise | 1.81% | 571.01 | +9.29% | +8.20% | -1.89% | +0.54% | 18 |
| AEP American Electric Power | 1.78% | 125.73 | +0.38% | -1.66% | -6.07% | +9.90% | 9 |
| EA Electronic Arts Inc | 1.78% | 209.70 | +0.00% | +0.38% | +2.07% | +2.73% | 41 |
| SBUX Starbucks Corp | 1.78% | 105.58 | +0.40% | +0.31% | -0.78% | +26.19% | 27 |
| ORLY O'Reilly Automotive | 1.77% | 93.53 | +0.17% | +4.68% | +9.88% | +2.54% | 68 |
| XEL XCEL Energy Inc | 1.77% | 78.07 | +1.43% | -0.17% | -1.20% | +6.48% | 25 |
| CCEP Coca-Cola Europacific Partners Plc | 1.76% | 108.29 | +0.04% | -1.07% | +3.05% | +19.39% | 50 |
| CTAS Cintas Corp | 1.76% | 203.05 | +0.45% | -0.77% | +14.27% | +8.21% | 88 |
| COST Costco Wholesale | 1.75% | 947.82 | -0.14% | -0.43% | +3.82% | +10.22% | 54 |
| MELI Mercadolibre Inc | 1.75% | 1820.69 | -0.51% | -3.05% | +0.71% | -9.61% | 36 |
| AMGN Amgen Inc | 1.74% | 410.95 | +1.51% | +6.69% | +13.01% | +26.42% | 82 |
| WMT Walmart Inc | 1.73% | 111.85 | -0.20% | +0.58% | -0.32% | +0.60% | 29 |
| HON Honeywell International | 1.72% | 246.21 | +2.27% | +1.30% | +10.20% | +26.83% | 70 |
| WBD Discovery Inc Series A | 1.72% | 26.78 | +1.44% | +1.83% | +0.56% | -7.08% | 34 |
| IDXX Idexx Laboratories | 1.71% | 586.67 | -0.56% | +4.94% | +5.03% | -13.28% | 57 |
| ALNY Alnylam Pharmaceuticals | 1.70% | 219.20 | +1.43% | +6.66% | -29.92% | -44.88% | 0 |
| BKNG Booking Holdings | 1.70% | 214.42 | +3.39% | +11.16% | +22.16% | — | 96 |
| PYPL Paypal Holdings | 1.70% | 59.07 | -1.19% | +3.25% | +30.34% | +1.49% | 98 |
| VRTX Vertex Pharmaceutic | 1.70% | 496.07 | +2.49% | +3.98% | -0.09% | +9.42% | 30 |
| EXC Exelon Corp | 1.68% | 45.61 | +0.64% | -0.46% | -1.66% | +5.53% | 21 |
| PEP Pepsico Inc | 1.66% | 139.02 | +0.42% | -0.39% | +0.84% | -2.27% | 38 |
| GILD Gilead Sciences Inc | 1.65% | 133.21 | +1.80% | +2.30% | -1.21% | +9.15% | 23 |
| CEG Constellation Energy Corp | 1.64% | 269.89 | +3.37% | +2.72% | +7.64% | -23.50% | 63 |
| CPRT Copart Inc | 1.64% | 29.66 | +2.24% | +1.85% | +4.69% | -24.24% | 55 |
| GEHC GE Healthcare Technologies | 1.60% | 71.77 | +2.08% | +5.51% | +10.93% | -12.42% | 73 |
| VRSK Verisk Analytics Inc | 1.56% | 191.82 | +1.09% | -1.56% | +2.57% | -14.03% | 43 |
| NFLX Netflix Inc | 1.55% | 74.14 | +0.61% | +3.39% | -1.76% | -20.93% | 20 |
| ISRG Intuitive Surg Inc | 1.53% | 378.81 | +1.36% | +7.21% | -7.96% | -33.11% | 4 |
| REGN Regeneron Pharmaceuticals | 1.50% | 784.36 | +1.59% | +2.85% | +17.43% | +1.74% | 93 |
| TMUS T-Mobile US | 1.49% | 177.19 | -1.54% | +2.59% | -2.36% | -12.31% | 14 |
| CMCSA Comcast Corp A | 1.41% | 25.36 | +0.75% | +5.84% | +8.61% | -7.34% | 66 |
| INSM Insmed Inc | 1.35% | 131.10 | -1.09% | +32.96% | +10.86% | -24.67% | 71 |
| LITE Lumentum Holdings | 1.30% | 890.17 | +6.22% | +24.68% | +13.29% | +141.51% | 84 |
| CHTR Charter Communications | 1.06% | 152.57 | -3.09% | +5.24% | +13.56% | -26.91% | 86 |
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.