Constituent dispersion · breadth vs the index
XLK — Technology Select Sector
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 | +3.86% | +1.67 | +1pp | -0.88pp | Confirming ↑ |
| 1 month | +7.86% | +1.68 | +5pp | +0.19pp | Confirming ↑ |
| 1 quarter | +11.36% | +2.15 | +4pp | +1.35pp | Confirming ↑ |
Over the last 126 sessions: price up +42.74%, breadth up (+6.68/name) · % beating 50→44 · median−ETF +0.01pp→-1.49pp.
Stocks above their moving average — participation breadth
Of the 72 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 2026-10-06.
New highs & new lows — by horizon
How many of the 72 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 | 43 (60%) | 8 (11%) | +35 |
| 1-Month | 31 (43%) | 2 (3%) | +29 |
| 3-Month | 17 (24%) | 1 (1%) | +16 |
| 6-Month | 15 (21%) | 0 (0%) | +15 |
| 52-Week | 13 (19%) | 0 (0%) | +13 |
| YTD | 15 (21%) | 0 (0%) | +15 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.53% | +0.79% | +0.25pp | 50 / 22 | 40 / 32 | 29 of 72 | ±3% |
| 5d | +3.86% | +4.90% | +1.05pp | 60 / 12 | 42 / 30 | 13 of 72 | ±7.53% |
| 21d | +7.86% | +6.37% | -1.49pp | 49 / 23 | 32 / 40 | 5 of 72 | ±14.54% |
| YTD | +40.65% | +30.02% | -10.63pp | 52 / 20 | 33 / 39 | 0 of 72 | ±103.01% |
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)
- AVGO+3.67%+0.18pp
- AMD+2.80%+0.15pp
- CSCO+4.54%+0.14pp
- MSFT+0.78%+0.06pp
- CIEN+13.85%+0.06pp
- MU-1.73%-0.12pp
- STX-9.18%-0.12pp
- INTC-3.18%-0.12pp
- LRCX-3.44%-0.1pp
- KLAC-4.54%-0.1pp
This month (21d)
- AMD+35.98%+1.93pp
- INTC+17.43%+0.65pp
- NVDA+3.97%+0.52pp
- AAPL+4.27%+0.48pp
- AMAT+16.62%+0.48pp
- ORCL-8.82%-0.18pp
- WDC-12.04%-0.15pp
- CRM-13.21%-0.13pp
- APP-13.03%-0.11pp
- IBM-5.79%-0.09pp
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)
- CIEN+38.21%
- PTC+36.86%
- AMD+35.98%
- HPE+35.54%
- CRWD+30.86%
- GEN-25.61%
- FICO-25.40%
- CRM-13.21%
- APP-13.03%
- INTU-12.89%
XLK — constituent leadership race
$100 in each covered XLK constituent at 2025-12-24, 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 — 72 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| NVDA Nvidia Corp | 13.14% | 239.24 | +0.14% | +5.29% | +3.97% | +28.44% | 40 |
| AAPL Apple Inc | 11.26% | 333.63 | +0.22% | +1.28% | +4.27% | +22.84% | 42 |
| MSFT Microsoft Corp | 7.64% | 529.30 | +0.78% | +4.00% | +5.92% | +9.70% | 46 |
| MU Micron Technology | 7.09% | 1045.56 | -1.73% | -1.83% | +2.85% | +266.49% | 36 |
| AMD Adv Micro Devices | 5.35% | 649.42 | +2.80% | +6.89% | +35.98% | +203.24% | 96 |
| AVGO Broadcom Ltd | 4.77% | 375.81 | +3.67% | +5.83% | +5.00% | +8.81% | 43 |
| INTC Intel Corp | 3.75% | 112.50 | -3.18% | -2.96% | +17.43% | +204.88% | 75 |
| CSCO Cisco Systems Inc | 3.07% | 117.94 | +4.54% | +10.71% | +8.00% | +54.76% | 56 |
| LRCX Lam Research Corp | 2.94% | 333.89 | -3.44% | +3.10% | +8.53% | +95.42% | 57 |
| AMAT Applied Materials | 2.89% | 530.27 | -2.21% | +3.57% | +16.62% | +106.60% | 74 |
| KLAC K L A-Tencor Corp | 2.14% | 197.46 | -4.54% | +0.47% | +6.39% | +63.11% | 50 |
| ORCL Oracle Corp | 2.00% | 144.77 | +1.61% | +5.07% | -8.82% | -25.27% | 15 |
| PLTR Palantir Technologies Cl A | 1.88% | 192.07 | +1.41% | +2.73% | +10.18% | +8.06% | 64 |
| SNDK Sandisk Corp | 1.88% | 1660.46 | -2.56% | -4.01% | -4.57% | +599.49% | 22 |
| TXN Texas Instruments | 1.75% | 297.23 | +0.79% | +5.52% | +15.01% | +72.44% | 69 |
| IBM Intl Business Machines | 1.63% | 221.29 | -0.13% | +0.59% | -5.79% | -24.87% | 18 |
| PANW Palo Alto Networks | 1.45% | 419.91 | +3.23% | +8.11% | +26.00% | +127.96% | 88 |
| QCOM Qualcomm Inc | 1.45% | 181.03 | +0.13% | -1.67% | +7.28% | +6.51% | 54 |
| ADI Analog Devices | 1.31% | 420.55 | +0.35% | +5.61% | +16.09% | +55.56% | 72 |
| STX Seagate Technology Holdings | 1.30% | 805.63 | -9.18% | -11.80% | -5.14% | +193.05% | 19 |
| WDC Western Digital Corp | 1.22% | 411.04 | -6.93% | -9.36% | -12.04% | +138.72% | 8 |
| APH Amphenol Corp | 1.21% | 88.62 | +1.55% | +5.07% | +7.05% | +31.61% | 51 |
| CRWD Crowdstrike Holdings | 1.10% | 278.86 | +2.27% | +6.14% | +30.86% | +137.96% | 93 |
| ANET Arista Networks Inc | 1.08% | 215.36 | +4.09% | +6.16% | +11.14% | +64.36% | 67 |
| CRM Salesforce Inc | 1.00% | 224.99 | -2.09% | -0.14% | -13.21% | -14.86% | 3 |
| GLW Corning Inc | 0.90% | 168.97 | +6.02% | +6.46% | +9.51% | +93.34% | 58 |
| APP Applovin Corp Cl A | 0.86% | 278.78 | -1.13% | -8.79% | -13.03% | -58.63% | 4 |
| DELL Dell Technologies Inc | 0.75% | 574.00 | +3.93% | +6.38% | +9.51% | +359.40% | 60 |
| NOW Servicenow Inc | 0.69% | 137.97 | +1.39% | +6.18% | -2.33% | -9.94% | 26 |
| CDNS Cadence Design Sys | 0.67% | 359.55 | +1.72% | +10.91% | +22.84% | +15.03% | 85 |
| ACN Accenture Plc | 0.67% | 193.40 | -0.85% | +9.19% | +3.58% | -26.88% | 39 |
| FTNT Fortinet Inc | 0.59% | 191.27 | +3.88% | +8.70% | +22.38% | +140.86% | 83 |
| SNPS Synopsys Inc | 0.56% | 505.17 | +3.42% | +21.70% | +28.27% | +7.55% | 89 |
| ADBE Adobe Systems Inc | 0.54% | 238.12 | -0.28% | +2.12% | -10.65% | -31.96% | 13 |
| INTU Intuit Inc | 0.49% | 289.81 | +1.80% | +8.13% | -12.89% | -56.03% | 6 |
| MPWR Monolithic Power Sys | 0.49% | 1473.69 | -0.42% | +8.84% | +20.41% | +62.92% | 81 |
| NXPI Nxp Semiconductors | 0.49% | 244.38 | +1.00% | +3.35% | +7.26% | +13.17% | 53 |
| DDOG Datadog Inc Cl A | 0.48% | 278.24 | +0.66% | +3.60% | +30.67% | +104.60% | 92 |
| COHR Coherent Corp | 0.46% | 338.36 | +1.41% | +15.79% | +20.05% | +83.32% | 78 |
| MSI Motorola Solutions | 0.44% | 456.28 | +0.20% | +2.28% | -2.51% | +19.35% | 25 |
| LITE Lumentum Holdings | 0.42% | 1133.40 | +3.82% | +16.43% | +28.61% | +207.50% | 90 |
| HPE Hewlett Packard Enterprise | 0.41% | 70.48 | +3.10% | +14.62% | +35.54% | +195.31% | 94 |
| TER Teradyne Inc | 0.41% | 430.32 | -3.20% | +6.77% | +20.53% | +122.41% | 82 |
| CIEN Ciena Corp | 0.40% | 443.65 | +13.85% | +25.00% | +38.21% | +89.70% | 99 |
| TEL Te Connectivity Ltd | 0.40% | 219.51 | +0.26% | +3.26% | +5.20% | -2.85% | 44 |
| KEYS Keysight Technologies | 0.39% | 388.03 | +1.00% | +7.59% | +18.59% | +90.97% | 76 |
| MCHP Microchip Technology | 0.33% | 81.26 | -0.28% | +3.15% | +9.56% | +28.28% | 61 |
| ON On Semiconductor | 0.30% | 86.31 | +0.44% | +13.64% | +16.04% | +59.39% | 71 |
| ADSK Autodesk Inc | 0.27% | 231.28 | +4.39% | +13.83% | +6.14% | -21.87% | 47 |
| JBL Jabil Circuit | 0.26% | 309.19 | +2.74% | -3.03% | -0.44% | +35.67% | 31 |
| ROP Roper Industries | 0.23% | 362.28 | -0.30% | +3.93% | -11.05% | -18.24% | 10 |
| NTAP Netapp Inc | 0.21% | 228.45 | +2.09% | +9.21% | +23.09% | +115.46% | 86 |
| Q Qnity Electronics Inc | 0.20% | 133.63 | +1.60% | +6.38% | +10.92% | +63.85% | 65 |
| TDY Teledyne Technologies | 0.19% | 622.22 | +0.42% | +2.75% | +1.89% | +21.83% | 33 |
| FSLR First Solar Inc | 0.18% | 179.80 | +2.07% | +1.62% | -12.06% | -31.17% | 7 |
| FICO Fair Isaac and Company | 0.18% | 695.46 | +0.85% | +12.56% | -25.40% | -58.86% | 1 |
| WDAY Workday Inc | 0.18% | 186.55 | -1.28% | -1.38% | -4.72% | -13.14% | 21 |
| CTSH Cognizant Tech Sol | 0.16% | 57.22 | -1.63% | +0.67% | -8.17% | -30.71% | 17 |
| HPQ HP Inc | 0.15% | 31.73 | +0.83% | +3.25% | -1.84% | +44.73% | 28 |
| VRSN Verisign Inc | 0.15% | 293.10 | +0.29% | +4.74% | +0.35% | +21.41% | 32 |
| FFIV F5 Inc | 0.14% | 469.79 | +2.46% | +7.24% | +20.31% | +84.04% | 79 |
| AKAM Akamai Technologies | 0.12% | 108.62 | +0.58% | +0.16% | +3.23% | +24.49% | 38 |
| CDW CDW Corp | 0.11% | 135.67 | +1.31% | +4.59% | -10.97% | +0.71% | 11 |
| SMCI Super Micro Computer | 0.10% | 43.46 | +0.63% | +5.95% | +9.78% | +48.48% | 63 |
| PTC Ptc Inc | 0.09% | 193.00 | +0.38% | +40.30% | +36.86% | +10.79% | 97 |
| GEN Gen Digital Inc | 0.09% | 22.80 | +2.33% | +9.35% | -25.61% | -15.25% | 0 |
| TYL Tyler Technologies | 0.08% | 330.91 | +0.79% | +4.63% | -9.10% | -27.10% | 14 |
| TRMB Trimble Navigation | 0.08% | 60.95 | +3.64% | +6.30% | +2.49% | -22.21% | 35 |
| ZBRA Zebra Technologies | 0.07% | 385.78 | +2.69% | +2.61% | +6.35% | +58.87% | 49 |
| SWKS Skyworks Solutions | 0.07% | 82.79 | -1.33% | -5.96% | +11.85% | +33.27% | 68 |
| IT Gartner Inc | 0.07% | 184.92 | -1.51% | -0.50% | -0.80% | -26.70% | 29 |
| GDDY Godaddy Inc | 0.07% | 98.18 | -1.56% | +4.38% | -3.09% | -20.87% | 24 |
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
XLK dispersion — data Q&A
Is XLK's move broad or carried by a few names (21 sessions)?
As of 2026-10-06: over 21 sessions the fund returned +7.86% while its median constituent returned +6.37% — a dispersion of 14.54 pp; 44% of 72 members beat the fund. Broad advance - breadth is rising with price.
How did XLK's members trade in the last session?
As of 2026-10-06: fund +0.53%, median member +0.79%, 50 advancers vs 22 decliners.
What does the dispersion page for XLK 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. 72 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.