Constituent dispersion · breadth vs the index

QTUM — Defiance Quantum

62/63 covered · 76% by weight · benchmark: QTUM price · closes through 2026-08-07 ·holdings as of 2026-06-16

Concentration 17.11% in top 5 50.76 effective names · HHI 197
RS vs S&P 500 21d -4.23pp sector return − SPY
RS vs Nasdaq-100 21d -1.33pp sector return − QQQ
Broad decline - breadth is falling with price. Last 21 sessions — price -1.36% · A/D -65 (-1.05/name)
QTUM 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.

HorizonPriceA/D /name% beating ΔMedian−ETF ΔRead
1 week +8.64% +1.66 +2pp +0.28pp Confirming ↑
1 month -1.36% -1.05 +10pp +2.21pp Confirming ↓
1 quarter +8.74% -0.95 +16pp +5.63pp Weakening

Over the last 126 sessions: price up +32.79%, breadth up (+2.63/name) · % beating 53→55 · median−ETF +1.35pp→+1.14pp.

Dispersion by window

WindowETFMedianMedian − ETF Up / DownBeat / Lag±1% bandDispersion
1d +2.83% +2.37% -0.46pp 54 / 8 26 / 36 15 of 62 ±3.93%
5d +8.64% +7.04% -1.60pp 56 / 6 26 / 36 3 of 62 ±9.55%
21d -1.36% -0.76% +0.60pp 30 / 31 33 / 28 4 of 61 ±14.04%
YTD +40.23% +22.11% -18.12pp 41 / 19 24 / 36 0 of 60 ±57.66%

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)

  • ONTO+14.74%+0.24pp
  • COHR+13.44%+0.24pp
  • TSEM+12.37%+0.22pp
  • MCHP+13.89%+0.17pp
  • STM+5.29%+0.13pp
  • NVEC-2.70%-0.04pp
  • ARM-1.43%-0.03pp
  • TER-1.45%-0.02pp
  • AMD-1.21%-0.02pp
  • NOK-0.74%-0.02pp

This month (21d)

  • COHR+15.86%+0.28pp
  • SNOW+23.55%+0.22pp
  • MSFT+30.08%+0.21pp
  • TSEM+11.44%+0.2pp
  • PLTR+33.30%+0.19pp
  • NOK-27.44%-0.56pp
  • STM-21.42%-0.54pp
  • ALAB-19.95%-0.38pp
  • MU-11.50%-0.37pp
  • ARM-13.82%-0.32pp

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%
  • MSFT+30.08%
  • ACN+26.36%
  • SNOW+23.55%
  • ESTC+21.03%
  • NOK-27.44%
  • STM-21.42%
  • TDC-21.36%
  • ALAB-19.95%
  • IBM-19.65%

QTUM — constituent leadership race

$100 in each covered QTUM 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 — 62 covered · click a column to sort

Symbol Weight Last 1d 5d 21d YTD RS rank
MU Micron Technology 3.19% 877.57 -0.44% +6.63% -11.50% +207.61% 25
INTC Intel Corp 2.62% 101.65 +1.84% +12.69% -9.68% +175.47% 28
MRVL Marvell Technology Inc 2.59% 218.72 +3.89% +16.61% -10.07% +157.69% 26
STM Stmicroelectronics N.V. ADR 2.52% 56.10 +5.29% +7.08% -21.42% +116.88% 2
ARM Arm Holdings Plc ADR 2.30% 282.57 -1.43% +17.89% -13.82% +158.50% 15
NOK Nokia Corp ADR 2.04% 9.36 -0.74% +2.41% -27.44% +45.71% 0
AMD Adv Micro Devices 1.98% 483.36 -1.21% +1.51% -11.59% +125.70% 23
ALAB Astera Labs Inc 1.91% 334.17 +0.81% +7.37% -19.95% +100.87% 5
LRCX Lam Research Corp 1.87% 311.35 +1.82% +6.26% -11.84% +82.23% 21
MKSI Mks Inc 1.82% 304.99 +4.70% +2.53% -17.30% +91.04% 10
ON On Semiconductor 1.82% 81.17 +3.63% -0.54% -17.06% +49.90% 11
TSEM Tower Semiconductor 1.78% 252.49 +12.37% +14.94% +11.44% +115.03% 77
AMAT Applied Materials 1.77% 539.14 +2.21% +6.20% -8.41% +110.05% 30
COHR Coherent Corp 1.77% 379.13 +13.44% +44.22% +15.86% +105.41% 87
KLAC K L A-Tencor Corp 1.76% 198.11 +2.53% +8.36% -13.69% 16
TER Teradyne Inc 1.69% 379.31 -1.45% +3.16% +4.57% +96.05% 57
ONTO Onto Innovation Inc 1.65% 308.30 +14.74% +19.23% -2.75% +95.30% 43
HPE Hewlett Packard Enterprise 1.63% 53.22 +1.51% +11.11% +8.37% +122.99% 66
LSCC Lattice Semicond 1.58% 130.03 +1.03% +4.64% -6.81% +76.72% 33
ASML ASML Holdings NY Reg ADR 1.42% 1740.99 +2.15% +6.87% -3.51% +63.30% 41
TXN Texas Instruments 1.42% 286.08 +2.76% +3.75% -7.28% +65.97% 31
NVEC Nve Corp 1.38% 125.94 -2.70% +9.26%
CSCO Cisco Systems Inc 1.29% 121.43 +0.45% +4.69% +2.64% +59.34% 56
ADI Analog Devices 1.27% 389.93 +3.34% +6.13% -0.94% +44.23% 48
MCHP Microchip Technology 1.20% 84.69 +13.89% +14.00% -4.04% +33.69% 38
TSM Taiwan Semiconductor ADR 1.17% 420.04 +0.44% +3.91% -3.87% +38.53% 39
NXPI Nxp Semiconductors 1.13% 239.71 +3.42% +4.60% -17.50% +11.01% 8
CRUS Cirrus Logic Inc 1.11% 124.92 +1.14% -3.42% -16.68% +5.42% 13
LMT Lockheed Martin Corp 0.99% 587.95 +0.88% +0.89% +13.45% +22.20% 82
QCOM Qualcomm Inc 0.99% 167.86 +4.66% +13.72% -12.17% -1.23% 18
CRWV Coreweave Inc Cl A 0.98% 90.67 +6.26% +26.33% +1.08% +26.62% 52
HON Honeywell International 0.98% 246.21 +2.27% +1.30% +10.20% +26.83% 74
CDNS Cadence Design Sys 0.97% 339.24 +0.24% -0.23% -12.10% +8.53% 20
GOOGL Alphabet Cl A 0.96% 354.30 -0.96% -0.51% -1.28% +13.27% 46
IONQ Ionq Inc 0.96% 44.43 +11.86% +21.93% -0.76% -0.98% 49
NVDA Nvidia Corp 0.96% 223.96 +2.27% +11.56% +10.44% +20.23% 75
NET Cloudflare Inc Cl A 0.92% 300.27 +5.57% +7.63% +8.87% +52.31% 67
SNOW Snowflake Inc Cl A 0.92% 330.49 +3.93% +12.69% +23.55% +50.66% 93
RTX Rtx Corp 0.90% 223.03 -0.10% +3.63% +14.26% +22.01% 84
TDC Teradata Corp 0.89% 27.39 +1.63% -11.62% -21.36% -10.02% 3
NTNX Nutanix Inc 0.88% 62.67 +4.24% +6.20% +12.86% +21.24% 80
NOC Northrop Grumman Corp 0.85% 571.58 +0.68% +5.36% +7.39% +0.56% 62
SNPS Synopsys Inc 0.82% 415.99 +2.47% +7.00% -6.18% -11.44% 36
BIDU Baidu Inc ADR 0.79% 109.71 +0.35% -1.26% -6.64% -16.03% 34
AVGO Broadcom Ltd 0.79% 427.76 +1.71% +9.88% +6.64% +23.85% 61
QBTS D-Wave Quantum Inc 0.75% 20.76 +6.98% +14.82% -1.89% -20.61% 44
IBM Intl Business Machines 0.75% 237.28 +1.65% +6.09% -19.65% -19.44% 7
BAH Booz Allen Hamilton Holding Corp 0.71% 76.05 +2.87% +9.08% +20.41% -9.16% 90
ORCL Oracle Corp 0.71% 145.48 +1.40% +12.02% +1.22% -24.90% 54
MSFT Microsoft Corp 0.70% 499.99 +0.03% +7.59% +30.08% +3.62% 97
MDB Mongodb Inc Cl A 0.69% 398.80 +7.78% +18.17% +9.90% -4.98% 72
RGTI Rigetti Computing Inc 0.69% 17.94 +8.53% +20.00% +5.59% -19.01% 59
QUBT Quantum Computing Inc 0.68% 9.18 +4.62% +13.33% +0.33% -10.53% 51
ESTC Elastic N.V. 0.66% 75.11 +7.38% +14.17% +21.03% -0.44% 92
WIT Wipro Ltd ADR 0.65% 2.02 +1.51% +2.02% +9.19% -27.03% 69
RDNT Radnet Inc 0.63% 72.39 +6.20% +13.49% +9.77% +1.45% 70
BABA Alibaba Group Holding ADR 0.61% 128.41 +1.26% +5.04% +15.54% -12.40% 85
PLTR Palantir Technologies Cl A 0.58% 172.01 +10.32% +39.78% +33.30% -3.23% 98
BTQ Btq Technologies Corp 0.54% 4.10 +2.50% +18.16% +7.61% -19.92% 64
CRM Salesforce Inc 0.54% 192.74 +3.20% +4.74% +18.61% -27.06% 89
ACN Accenture Plc 0.54% 175.72 +2.69% +5.91% +26.36% -33.57% 95
ARQQ Arqit Quantum Inc 0.40% 22.90 +6.66% +33.68% +11.87% +4.66% 79

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.