Constituent dispersion · breadth vs the index
XLP — Consumer Staples Select Sector
Concentration 39.9% in top 5 19.57 effective names · HHI 511
RS vs S&P 500 21d -0.39pp sector return − SPY
RS vs Nasdaq-100 21d -1.83pp sector return − QQQ
Broad advance - breadth is rising with price. Last 21 sessions — price +1.12% · A/D +58 (+1.61/name)
XLP price
Cumulative advance / decline of constituents — rises when more names are up than down; turns before price at inflections
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +0.13% | -0.28% | -0.41pp | 14 / 22 | 14 / 22 | 22 of 36 | ±1.17% |
| 5d | +1.77% | +3.11% | +1.34pp | 31 / 5 | 25 / 11 | 8 of 36 | ±3.72% |
| 21d | +1.12% | +3.35% | +2.23pp | 24 / 12 | 23 / 13 | 3 of 36 | ±7.97% |
| YTD | +10.80% | +8.13% | -2.67pp | 25 / 11 | 14 / 22 | 0 of 36 | ±18.58% |
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)
- PG+1.35%+0.1pp
- PM+1.24%+0.07pp
- COST+0.74%+0.07pp
- CL+1.26%+0.06pp
- MDLZ+1.06%+0.05pp
- TGT-1.52%-0.06pp
- KO-0.78%-0.05pp
- BG-3.28%-0.04pp
- ADM-1.21%-0.03pp
- CASY-2.54%-0.03pp
This month (21d)
- PG+7.71%+0.56pp
- DLTR+25.46%+0.35pp
- TGT+8.20%+0.32pp
- KDP+10.61%+0.29pp
- MNST+6.73%+0.29pp
- WMT-7.93%-0.87pp
- COST-5.94%-0.54pp
- MO-4.79%-0.22pp
- PM-2.93%-0.17pp
- TSN-13.32%-0.14pp
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)
- DLTR+25.46%
- HRL+22.90%
- SJM+16.99%
- EL+11.78%
- CPB+10.88%
- TSN-13.32%
- WMT-7.93%
- COST-5.94%
- MO-4.79%
- HSY-4.11%
Other ETFs & indices
Dispersion is computed across the constituents we cover in our data lake (see coverage badge). Decision-support, not investment advice.