Constituent dispersion · breadth vs the index
XLRE — Real Estate 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 | -0.58% | +0.06 | -3pp | -0.35pp | Improving |
| 1 month | -6.44% | -4.29 | +4pp | -0.28pp | Confirming ↓ |
| 1 quarter | -6.91% | -7.13 | -10pp | -0.92pp | Confirming ↓ |
Over the last 126 sessions: price down -1.23%, breadth down (-3.35/name) · % beating 52→45 · median−ETF +0.42pp→-0.60pp.
Stocks above their moving average — participation breadth
Of the 31 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 31 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 | 14 (45%) | 0 (0%) | +14 |
| 1-Month | 0 (0%) | 0 (0%) | +0 |
| 3-Month | 0 (0%) | 0 (0%) | +0 |
| 6-Month | 0 (0%) | 0 (0%) | +0 |
| 52-Week | 0 (0%) | 0 (0%) | +0 |
| YTD | 0 (0%) | 0 (0%) | +0 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | +1.06% | +0.72% | -0.33pp | 30 / 1 | 9 / 22 | 25 of 31 | ±1.24% |
| 5d | -0.58% | -0.57% | +0.01pp | 12 / 18 | 15 / 15 | 11 of 30 | ±3.01% |
| 21d | -6.44% | -6.92% | -0.48pp | 3 / 27 | 14 / 16 | 5 of 30 | ±4.72% |
| YTD | +2.54% | +2.81% | +0.27pp | 16 / 14 | 15 / 15 | 1 of 30 | ±19.95% |
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)
- EQIX+2.34%+0.16pp
- IRM+3.71%+0.14pp
- DLR+2.66%+0.11pp
- SBAC+4.87%+0.11pp
- EQR+4.17%+0.1pp
- CSGP-0.11%0pp
This month (21d)
- EQIX+1.10%+0.08pp
- HST+1.95%+0.03pp
- AVB+0.37%+0.01pp
- PLD-6.31%-0.58pp
- O-11.43%-0.47pp
- CBRE-11.63%-0.46pp
- WELL-4.40%-0.44pp
- CCI-9.96%-0.41pp
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)
- HST+1.95%
- EQIX+1.10%
- AVB+0.37%
- IRM-0.31%
- DLR-1.99%
- WY-19.20%
- ARE-12.78%
- BXP-11.67%
- CBRE-11.63%
- O-11.43%
XLRE — constituent leadership race
$100 in each covered XLRE 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 — 31 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| WELL Welltower Inc | 9.98% | 225.78 | +0.72% | -3.06% | -4.40% | +22.07% | 67 |
| PLD Prologis Inc | 9.23% | 128.68 | +0.47% | -2.96% | -6.31% | +1.61% | 53 |
| EQIX Equinix Inc | 6.93% | 1047.36 | +2.34% | +3.16% | +1.10% | +38.13% | 93 |
| AMT American Tower Corp | 5.85% | 164.78 | +1.55% | -0.47% | -6.30% | -5.21% | 57 |
| SPG Simon Property Group | 4.85% | 201.74 | +0.17% | -1.24% | -2.64% | +10.24% | 77 |
| PSA Public Storage | 4.52% | 285.85 | +1.49% | +0.09% | -5.35% | +11.28% | 63 |
| DLR Digital Realty Trust | 4.25% | 184.65 | +2.66% | +4.58% | -1.99% | +20.17% | 83 |
| VTR Ventas Inc | 4.12% | 81.86 | +0.61% | -5.24% | -9.32% | +6.47% | 30 |
| O Realty Income Corp | 4.07% | 54.25 | +0.89% | -1.13% | -11.43% | -1.65% | 13 |
| CCI Crown Castle | 4.07% | 68.28 | +1.04% | +1.80% | -9.96% | -22.21% | 27 |
| CBRE CBRE Group | 3.97% | 130.66 | +0.97% | -0.14% | -11.63% | -18.74% | 10 |
| IRM Iron Mountain Inc | 3.83% | 116.50 | +3.71% | +4.48% | -0.31% | +41.59% | 87 |
| EXR Extra Space Storage Inc | 3.24% | 133.89 | +0.74% | +0.30% | -3.85% | +4.01% | 73 |
| VICI Vici Properties Inc | 3.19% | 22.73 | +0.89% | -2.03% | -10.58% | -17.85% | 20 |
| AVB Avalonbay Communities | 2.71% | 68.14 | +2.02% | +7.04% | +0.37% | +7.13% | 90 |
| EQR Equity Residential | 2.37% | 0.38 | +4.17% | — | — | — | — |
| SBAC SBA Communications | 2.24% | 169.70 | +4.87% | +4.23% | -10.42% | -11.14% | 23 |
| ESS Essex Property Trust | 1.87% | 272.49 | +0.21% | +0.42% | -2.20% | +6.30% | 80 |
| WY Weyerhaeuser Company | 1.84% | 18.60 | +0.59% | -4.86% | -19.20% | -20.13% | 0 |
| KIM Kimco Realty Corp | 1.79% | 22.14 | +0.50% | -1.25% | -6.19% | +11.66% | 60 |
| INVH Invitation Homes Inc | 1.71% | 26.39 | +1.27% | -0.68% | -7.04% | -3.88% | 47 |
| MAA Mid-America Apartment Communities | 1.66% | 116.99 | +0.45% | -1.22% | -8.83% | -13.78% | 37 |
| HST Host Marriott Financial Trust | 1.63% | 22.48 | +0.18% | +1.08% | +1.95% | +28.14% | 97 |
| DOC Healthpeak Properties | 1.47% | 19.00 | +0.85% | -5.61% | -7.53% | +21.67% | 43 |
| CSGP Costar Group Inc | 1.43% | 27.63 | -0.11% | +2.52% | -10.61% | -58.91% | 17 |
| REG Regency Centers Corp | 1.35% | 71.42 | +0.13% | -1.71% | -4.14% | +4.47% | 70 |
| CPT Camden Property Trust | 1.22% | 97.65 | +0.29% | +0.26% | -7.61% | -10.32% | 40 |
| UDR United Dominion Realty Trust | 1.21% | 33.91 | +0.21% | -0.12% | -6.79% | -5.29% | 50 |
| FRT Federal Realty Investment Trust | 1.01% | 106.20 | +0.22% | -1.86% | -9.30% | +7.70% | 33 |
| BXP Bxp Inc | 1.00% | 59.79 | +0.71% | -2.00% | -11.67% | -10.18% | 7 |
| ARE Alexandria Real Estate Equities | 0.85% | 45.92 | +0.09% | -3.83% | -12.78% | -4.69% | 3 |
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
XLRE dispersion — data Q&A
Is XLRE's move broad or carried by a few names (21 sessions)?
As of 2026-10-06: over 21 sessions the fund returned -6.44% while its median constituent returned -6.92% — a dispersion of 4.72 pp; 47% of 30 members beat the fund. Broad decline - breadth is falling with price.
How did XLRE's members trade in the last session?
As of 2026-10-06: fund +1.06%, median member +0.72%, 30 advancers vs 1 decliners.
What does the dispersion page for XLRE 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. 31 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.