Constituent dispersion · breadth vs the index
XLP — Consumer Staples 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 | -0.06% | +0.19 | +9pp | -0.72pp | Improving |
| 1 month | -3.29% | -2.75 | -5pp | -2.20pp | Confirming ↓ |
| 1 quarter | -3.07% | -2.47 | -16pp | -4.12pp | Confirming ↓ |
Over the last 126 sessions: price down -0.11%, breadth down (-1.94/name) · % beating 42→42 · median−ETF -1.99pp→-3.35pp.
Stocks above their moving average — participation breadth
Of the 36 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 36 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 | 20 (56%) | 3 (8%) | +17 |
| 1-Month | 2 (6%) | 1 (3%) | +1 |
| 3-Month | 0 (0%) | 1 (3%) | -1 |
| 6-Month | 0 (0%) | 1 (3%) | -1 |
| 52-Week | 0 (0%) | 1 (3%) | -1 |
| YTD | 0 (0%) | 1 (3%) | -1 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.94% | +0.87% | -0.06pp | 28 / 8 | 16 / 20 | 23 of 36 | ±1.1% |
| 5d | -0.06% | -0.09% | -0.03pp | 18 / 18 | 18 / 18 | 12 of 36 | ±2.71% |
| 21d | -3.29% | -6.64% | -3.35pp | 5 / 31 | 15 / 21 | 3 of 36 | ±5.38% |
| YTD | +5.90% | +0.69% | -5.21pp | 18 / 18 | 15 / 21 | 2 of 36 | ±19.94% |
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)
- WMT+2.03%+0.22pp
- PG+1.69%+0.12pp
- COST+1.32%+0.12pp
- MDLZ+1.93%+0.1pp
- DG+3.82%+0.06pp
- KO-0.39%-0.03pp
- MNST-0.60%-0.03pp
- KR-0.63%-0.02pp
- ADM-0.32%-0.01pp
- HRL-1.00%0pp
This month (21d)
- PM+4.31%+0.26pp
- COST+2.18%+0.2pp
- PG+1.35%+0.1pp
- TSN+1.07%+0.01pp
- WMT+0.06%+0.01pp
- PEP-8.66%-0.35pp
- TGT-6.15%-0.24pp
- CASY-17.89%-0.19pp
- GIS-15.96%-0.19pp
- KMB-7.80%-0.17pp
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)
- PM+4.31%
- COST+2.18%
- PG+1.35%
- TSN+1.07%
- WMT+0.06%
- CASY-17.89%
- GIS-15.96%
- CAG-13.11%
- MKC-12.83%
- DLTR-11.59%
XLP — constituent leadership race
$100 in each covered XLP 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 — 36 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| WMT Walmart Inc | 10.99% | 107.20 | +2.03% | +0.37% | +0.06% | -3.58% | 86 |
| COST Costco Wholesale | 9.03% | 935.68 | +1.32% | +1.20% | +2.18% | +8.81% | 94 |
| PG Procter & Gamble Company | 7.20% | 148.41 | +1.69% | +0.06% | +1.35% | +5.08% | 92 |
| KO Coca-Cola Company | 6.58% | 86.17 | -0.39% | -0.77% | -2.16% | +24.11% | 67 |
| PM Philip Morris International | 5.94% | 190.40 | +0.46% | -0.96% | +4.31% | +19.76% | 97 |
| MDLZ Mondelez Intl Inc | 4.99% | 59.62 | +1.93% | +1.39% | -2.71% | +11.72% | 64 |
| MO Altria Group | 4.69% | 68.55 | +0.99% | -0.25% | -0.48% | +20.88% | 81 |
| CL Colgate-Palmolive Company | 4.38% | 87.25 | +1.23% | +0.91% | -1.71% | +11.78% | 72 |
| MNST Monster Beverage Corp | 4.26% | 43.25 | -0.60% | +3.62% | -1.30% | +12.82% | 78 |
| PEP Pepsico Inc | 4.08% | 125.71 | +0.05% | -2.32% | -8.66% | -11.63% | 33 |
| TGT Target Corp | 3.94% | 154.33 | +0.88% | -1.34% | -6.15% | +60.99% | 50 |
| KDP Keurig Dr Pepper Inc | 2.77% | 31.13 | +0.78% | +0.32% | -4.48% | +13.05% | 56 |
| ADM Archer Daniels Midland | 2.48% | 82.21 | -0.32% | +3.54% | -2.84% | +45.03% | 61 |
| SYY Sysco Corp | 2.44% | 77.45 | +1.40% | -0.62% | -3.25% | +6.68% | 58 |
| KR Kroger Company | 2.42% | 58.41 | -0.63% | -3.92% | -0.31% | -5.55% | 83 |
| KVUE Kenvue Inc | 2.24% | 17.59 | +1.15% | -1.79% | -6.14% | +4.38% | 53 |
| KMB Kimberly-Clark Corp | 2.18% | 96.77 | +1.43% | -2.24% | -7.80% | -1.57% | 36 |
| HSY Hershey Foods Corp | 1.73% | 160.80 | -0.13% | -0.38% | -7.13% | -10.37% | 47 |
| DG Dollar General Corp | 1.63% | 123.27 | +3.82% | +1.01% | -7.46% | -6.32% | 42 |
| CHD Church & Dwight Company | 1.49% | 96.54 | +0.92% | +1.67% | -2.04% | +15.87% | 69 |
| EL Estee Lauder Companies | 1.43% | 93.36 | +0.06% | -1.07% | -10.11% | -10.22% | 22 |
| DLTR Dollar Tree Inc | 1.36% | 116.19 | +2.65% | +2.55% | -11.59% | -5.54% | 11 |
| STZ Constellation Brands | 1.34% | 115.67 | +2.08% | +2.57% | -9.76% | -15.05% | 25 |
| KHC Kraft Heinz Company | 1.34% | 22.03 | +0.87% | -6.06% | -11.35% | -7.63% | 14 |
| GIS General Mills | 1.18% | 32.18 | +1.58% | -4.85% | -15.96% | -28.64% | 3 |
| BG Bunge Ltd | 1.11% | 107.33 | +0.01% | -0.75% | -9.59% | +21.91% | 28 |
| CASY Casey's General Stor | 1.08% | 620.80 | +0.56% | +3.48% | -17.89% | +12.50% | 0 |
| TSN Tyson Foods | 1.04% | 51.97 | +0.50% | +1.94% | +1.07% | -9.87% | 89 |
| SJM J.M. Smucker Company | 0.80% | 116.80 | +0.49% | -3.23% | -7.36% | +21.95% | 44 |
| MKC Mccormick & Company | 0.80% | 45.40 | -0.31% | -6.20% | -12.83% | -32.75% | 8 |
| CLX Clorox Company | 0.75% | 83.52 | +1.84% | +2.35% | -10.25% | -15.19% | 19 |
| HRL Hormel Foods Corp | 0.46% | 19.88 | -1.00% | +0.15% | -7.71% | -13.84% | 39 |
| TAP Molson Coors Brewing | 0.45% | 36.91 | +1.07% | +2.50% | -8.86% | -19.16% | 31 |
| CAG Conagra Brands | 0.42% | 13.45 | +1.97% | -4.81% | -13.11% | -18.77% | 6 |
| BF.B Brown Forman Cl B | 0.30% | 26.35 | +0.30% | +0.23% | -1.42% | +2.94% | 75 |
| CPB The Campbell's Company | 0.29% | 19.00 | -1.55% | -4.88% | -11.13% | -29.57% | 17 |
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
XLP dispersion — data Q&A
Is XLP's move broad or carried by a few names (21 sessions)?
As of 2026-10-06: over 21 sessions the fund returned -3.29% while its median constituent returned -6.64% — a dispersion of 5.38 pp; 42% of 36 members beat the fund. Broad decline - breadth is falling with price.
How did XLP's members trade in the last session?
As of 2026-10-06: fund +0.94%, median member +0.87%, 28 advancers vs 8 decliners.
What does the dispersion page for XLP 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. 36 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.