Constituent dispersion · breadth vs the index
XLRE — Real Estate Select Sector
Concentration 37.04% in top 5 20.66 effective names · HHI 484
RS vs S&P 500 21d +2.82pp sector return − SPY
RS vs Nasdaq-100 21d +1.38pp sector return − QQQ
Broad advance - breadth is rising with price. Last 21 sessions — price +4.33% · A/D +93 (+3/name)
XLRE 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 | +0.24% | -0.90% | -1.14pp | 4 / 27 | 4 / 27 | 11 of 31 | ±1% |
| 5d | +0.29% | +2.14% | +1.85pp | 22 / 9 | 20 / 11 | 6 of 31 | ±2.66% |
| 21d | +4.33% | +3.14% | -1.19pp | 24 / 7 | 13 / 18 | 4 of 31 | ±5.22% |
| YTD | +12.52% | +8.72% | -3.80pp | 28 / 3 | 14 / 17 | 1 of 31 | ±18.64% |
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+0.81%+0.06pp
- DLR+1.05%+0.04pp
- WELL+0.32%+0.03pp
- CBRE+0.56%+0.02pp
- SBAC-4.38%-0.1pp
- PLD-0.89%-0.08pp
- SPG-1.54%-0.07pp
- VICI-1.86%-0.06pp
- VTR-1.35%-0.06pp
This month (21d)
- AMT+8.11%+0.47pp
- PLD+3.98%+0.37pp
- SPG+6.34%+0.31pp
- PSA+5.92%+0.27pp
- HST+15.18%+0.25pp
- VTR-7.23%-0.3pp
- DLR-4.12%-0.17pp
- EQIX-0.93%-0.06pp
- SBAC-2.09%-0.05pp
- IRM-1.15%-0.04pp
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+15.18%
- ARE+13.45%
- BXP+11.91%
- KIM+10.56%
- FRT+9.57%
- VTR-7.23%
- DLR-4.12%
- CSGP-2.17%
- SBAC-2.09%
- IRM-1.15%
Other ETFs & indices
Dispersion is computed across the constituents we cover in our data lake (see coverage badge). Decision-support, not investment advice.