← Browse all charts Chart intent Are stock-level moves staying orderly or getting more chaotic?

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

Market Signal

S&P 500 Cross-Sectional Volatility

A same-day dispersion chart measuring how widely current S&P 500 member returns are spreading out from one another.

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The latest series values are listed below the chart. Visible-window CSV and full-history JSON downloads are available above.

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

Historical Context

Toggle the market-event markers above when you want to line recent regime shifts up with the signal.

Mar 16, 2020 COVID panic across global markets
Mar 16, 2022 Fed hiking cycle begins
Mar 10, 2023 SVB failure sparks banking stress

How To Read It

  • Rising breadth means more stocks are participating; falling breadth means leadership is narrowing.
  • If the index is strong while breadth weakens, concentration is likely doing more of the work.
  • Extremes matter most when they reverse, because that is when internals begin to confirm or reject the headline move.
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