Constituent dispersion · breadth vs the index
QTEC — First Trust Nasdaq-100 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 | +6.05% | +1.62 | -9pp | -4.47pp | Confirming ↑ |
| 1 month | -1.58% | -0.38 | +4pp | +1.51pp | Confirming ↓ |
| 1 quarter | +10.78% | +0.33 | +11pp | +6.65pp | Confirming ↑ |
Over the last 126 sessions: price up +38.75%, breadth up (+5.31/name) · % beating 51→51 · median−ETF +0.24pp→+0.30pp.
Stocks above their moving average — participation breadth
Of the 45 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 45 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 | 28 (62%) | 6 (13%) | +22 |
| 1-Month | 13 (29%) | 1 (2%) | +12 |
| 3-Month | 8 (18%) | 1 (2%) | +7 |
| 6-Month | 6 (13%) | 0 (0%) | +6 |
| 52-Week | 1 (2%) | 0 (0%) | +1 |
| YTD | 2 (4%) | 0 (0%) | +2 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.70% | +1.84% | +0.14pp | 36 / 9 | 25 / 20 | 17 of 45 | ±3.11% |
| 5d | +6.05% | +6.26% | +0.20pp | 35 / 10 | 25 / 20 | 9 of 45 | ±9.74% |
| 21d | -1.58% | -1.28% | +0.30pp | 19 / 26 | 23 / 22 | 5 of 45 | ±16.33% |
| YTD | +37.52% | +14.32% | -23.20pp | 27 / 17 | 18 / 26 | 0 of 44 | ±88.87% |
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)
- MCHP+13.89%+0.32pp
- MRVL+3.89%+0.21pp
- PLTR+10.32%+0.15pp
- QCOM+4.66%+0.13pp
- WDAY+5.52%+0.09pp
- STX-4.71%-0.16pp
- WDC-3.81%-0.11pp
- SNDK-3.68%-0.1pp
- ARM-1.43%-0.06pp
- AMD-1.21%-0.05pp
This month (21d)
- MSFT+30.08%+0.51pp
- WDAY+29.85%+0.49pp
- PLTR+33.30%+0.48pp
- CTSH+32.88%+0.43pp
- SHOP+23.06%+0.35pp
- SNDK-34.77%-0.91pp
- WDC-24.87%-0.74pp
- APP-33.36%-0.64pp
- ARM-13.82%-0.62pp
- MRVL-10.07%-0.55pp
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)
- PLTR+33.30%
- CTSH+32.88%
- MSFT+30.08%
- WDAY+29.85%
- SHOP+23.06%
- SNDK-34.77%
- APP-33.36%
- WDC-24.87%
- NXPI-17.50%
- ARM-13.82%
QTEC — constituent leadership race
$100 in each covered QTEC 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 — 45 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| MRVL Marvell Technology Inc | 5.46% | 218.72 | +3.89% | +16.61% | -10.07% | +157.69% | 27 |
| ARM Arm Holdings Plc ADR | 4.51% | 282.57 | -1.43% | +17.89% | -13.82% | +158.50% | 9 |
| AMD Adv Micro Devices | 3.94% | 483.36 | -1.21% | +1.51% | -11.59% | +125.70% | 22 |
| INTC Intel Corp | 3.87% | 101.65 | +1.84% | +12.69% | -9.68% | +175.47% | 29 |
| MU Micron Technology | 3.57% | 877.57 | -0.44% | +6.63% | -11.50% | +207.61% | 24 |
| STX Seagate Technology Holdings | 3.42% | 812.76 | -4.71% | -5.07% | -8.69% | +195.65% | 31 |
| WDC Western Digital Corp | 2.98% | 434.30 | -3.81% | -20.29% | -24.87% | +152.22% | 4 |
| DDOG Datadog Inc Cl A | 2.95% | 233.93 | +2.02% | -12.70% | -13.04% | +72.02% | 13 |
| QCOM Qualcomm Inc | 2.83% | 167.86 | +4.66% | +13.72% | -12.17% | -1.23% | 16 |
| FTNT Fortinet Inc | 2.79% | 159.64 | -0.29% | -1.43% | -2.50% | +101.03% | 47 |
| CRWD Crowdstrike Holdings | 2.67% | 214.42 | +3.39% | +12.34% | +8.07% | +82.97% | 69 |
| SNDK Sandisk Corp | 2.63% | 1212.21 | -3.68% | -0.22% | -34.77% | +410.66% | 0 |
| PANW Palo Alto Networks | 2.60% | 363.86 | +1.22% | +9.65% | +7.55% | +97.54% | 67 |
| NXPI Nxp Semiconductors | 2.55% | 239.71 | +3.42% | +4.60% | -17.50% | +11.01% | 7 |
| TXN Texas Instruments | 2.47% | 286.08 | +2.76% | +3.75% | -7.28% | +65.97% | 36 |
| MPWR Monolithic Power Sys | 2.35% | 1401.54 | +3.12% | -1.72% | +1.99% | +54.94% | 58 |
| MCHP Microchip Technology | 2.32% | 84.69 | +13.89% | +14.00% | -4.04% | +33.69% | 42 |
| LRCX Lam Research Corp | 2.23% | 311.35 | +1.82% | +6.26% | -11.84% | +82.23% | 20 |
| CDNS Cadence Design Sys | 2.20% | 339.24 | +0.24% | -0.23% | -12.10% | +8.53% | 18 |
| KLAC K L A-Tencor Corp | 2.16% | 198.11 | +2.53% | +8.36% | -13.69% | — | 11 |
| AMAT Applied Materials | 2.13% | 539.14 | +2.21% | +6.20% | -8.41% | +110.05% | 33 |
| ADI Analog Devices | 2.10% | 389.93 | +3.34% | +6.13% | -0.94% | +44.23% | 51 |
| AVGO Broadcom Ltd | 2.05% | 427.76 | +1.71% | +9.88% | +6.64% | +23.85% | 62 |
| ASML ASML Holdings NY Reg ADR | 2.02% | 1740.99 | +2.15% | +6.87% | -3.51% | +63.30% | 44 |
| NVDA Nvidia Corp | 1.92% | 223.96 | +2.27% | +11.56% | +10.44% | +20.23% | 71 |
| APP Applovin Corp Cl A | 1.92% | 346.80 | +3.32% | -12.40% | -33.36% | -48.53% | 2 |
| AAPL Apple Inc | 1.90% | 313.33 | +0.29% | +1.43% | -0.91% | +15.36% | 53 |
| SNPS Synopsys Inc | 1.78% | 415.99 | +2.47% | +7.00% | -6.18% | -11.44% | 40 |
| MSFT Microsoft Corp | 1.70% | 499.99 | +0.03% | +7.59% | +30.08% | +3.62% | 93 |
| WDAY Workday Inc | 1.65% | 179.64 | +5.52% | +12.04% | +29.85% | -16.36% | 91 |
| META META Platforms Inc | 1.60% | 592.10 | +0.37% | +6.36% | -6.24% | -10.22% | 38 |
| ADBE Adobe Systems Inc | 1.58% | 265.21 | +1.91% | +5.91% | +19.12% | -24.22% | 84 |
| DASH Doordash Inc Cl A | 1.55% | 216.26 | +1.41% | +10.25% | +12.43% | -4.51% | 73 |
| SHOP Shopify Inc | 1.51% | 151.57 | +2.80% | +29.38% | +23.06% | -5.84% | 89 |
| MSTR Strategy Inc | 1.45% | 100.01 | +3.26% | +7.21% | +6.52% | -34.18% | 60 |
| ADSK Autodesk Inc | 1.43% | 249.08 | +2.73% | +6.35% | +19.42% | -15.85% | 87 |
| PLTR Palantir Technologies Cl A | 1.43% | 172.01 | +10.32% | +39.78% | +33.30% | -3.23% | 98 |
| ROP Roper Industries | 1.42% | 402.25 | +1.30% | +2.62% | +13.01% | -9.22% | 76 |
| TRI Thomson Reuters Corp | 1.37% | 101.83 | +1.68% | +3.77% | +14.66% | -21.07% | 80 |
| PDD Pdd Holdings Inc | 1.35% | 91.76 | +1.00% | +3.61% | +6.85% | -19.08% | 64 |
| ZS Zscaler Inc | 1.35% | 168.68 | +3.74% | +11.56% | +14.65% | -25.00% | 78 |
| CTSH Cognizant Tech Sol | 1.31% | 57.67 | +1.37% | +4.19% | +32.88% | -30.16% | 96 |
| INTU Intuit Inc | 1.01% | 325.25 | +1.04% | +2.90% | +18.97% | -50.66% | 82 |
| GOOGL Alphabet Cl A | 0.94% | 354.30 | -0.96% | -0.51% | -1.28% | +13.27% | 49 |
| GOOG Alphabet Cl C | 0.94% | 353.47 | -0.88% | -0.89% | -0.78% | +12.72% | 56 |
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.
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Dispersion is computed across the constituents we cover in our data lake (see coverage badge). Decision-support, not investment advice.