Key points
S&P 500 3-month realized average stock correlation, since 2016 ｜ Now down to 0.14, far below the ~0.8 spike of 2020, pointing to high single-stock dispersion
Image source: @BlakeMillardCFA
2026-11-09
S&P 500 3-Month Realized Average Stock Correlation Falls to 0.14 as Dispersion Widens