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Methodology: Current constituents, not point-in-time membership. History starts 2019-05-13 and can carry survivorship or constituent-change bias.

Mag 7 vs S&P 493

This is a concentration chart that shows whether leadership is broadening beyond the mega-cap winners or getting even narrower.

Daily · through Oct 20, 2026
Data & methodology
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Older events · Members

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The latest series values and a keyboard-readable date table are below the chart. CSV and JSON downloads are for NASDUCK paid members.

Use Value for the raw series and % from view start to rebase the first visible value in the current window to 0%.

Dates & readable data

Raw values in the selected chart window

Selected historical events

Curated anchors for market context, rather than a complete news feed. Toggle markers above to place them on the chart.

Mar 16, 2020 COVID panic across global markets
Mar 16, 2022 Fed starts its fastest hiking cycle in four decades
Nov 30, 2022 OpenAI launches ChatGPT
Mar 10, 2023 Silicon Valley Bank fails and sparks a banking scare
May 25, 2023 Nvidia's blowout guidance kicks off the AI trade
Jul 11, 2024 Cool CPI sparks a sharp rotation into small caps
Sep 18, 2024 Fed starts cutting with a half-point move
Nov 6, 2024 Trump wins the election: stocks, the dollar, yields, and bitcoin jump
Jan 27, 2025 DeepSeek's low-cost AI model sinks chip stocks
Apr 3, 2025 Liberation Day tariffs trigger a global crash; the April 9 pause sparks a record rebound
Oct 10, 2025 Trump threatens 100% tariffs on China; crypto sees record liquidations
Feb 28, 2026 US and Israel strike Iran; Hormuz traffic halts and oil has its biggest month since 1988
Apr 8, 2026 US-Iran ceasefire sends oil sharply lower
Jun 5, 2026 Chip rout and a hot jobs report revive rate-hike fears; Nasdaq's worst day since April 2025

How To Read It

  • A rising Mag 7 line means the biggest growth leaders are still dominating the tape.
  • If the ex-Mag7 side starts leading, it usually signals healthier breadth and broader risk appetite.
  • The biggest shifts matter when they persist across 1M, 3M, and 1Y views rather than one sharp week.
Next step Charts show what moved. NASDUCK asks why.

Rates, the dollar, oil and gold all end up in the Nasdaq-100 eventually. NASDUCK follows that trail once a week and keeps score on its own calls.