Fear & Greed Index vs S&P 500
Live side-by-side comparison with current values, changes, and key statistics.
Why This Comparison Matters
The Fear & Greed Index aggregates multiple sentiment indicators. Extreme fear (below 20) has historically marked buying opportunities, while extreme greed (above 80) has preceded pullbacks. This comparison visualizes the contrarian signal and helps identify when sentiment is stretched enough to warrant positioning against the crowd.
Cross-Asset Analysis
Crypto Fear & Greed Index measures crypto market fear and greed index (0-100), extreme fear is contrarian bullish, while S&P 500 ETF (SPY) measures SPDR S&P 500 ETF, tracks the benchmark US equity index; tracking the two side by side turns that distinction into a tradable signal for the cross asset pair relationship. Risk-off regimes compress correlations and force the Crypto Fear & Greed Index-S&P 500 ETF (SPY) spread into narrower ranges. Crypto Fear & Greed Index and S&P 500 ETF (SPY) sit in different asset classes, and the relationship between them encodes cross-asset macro dynamics that neither alone can convey.
Cross-asset flows follow macro regime changes with typical lags, which is why spreads like Crypto Fear & Greed Index-S&P 500 ETF (SPY) often precede coincident indicators. Tactical allocators reposition across the Crypto Fear & Greed Index-S&P 500 ETF (SPY) spread based on where each asset sits relative to its theoretical anchor. Implied volatility regimes in Crypto Fear & Greed Index and S&P 500 ETF (SPY) transmit through gamma flows that connect one market to the other via dealer balance sheets.
Analysts merge Crypto Fear & Greed Index with S&P 500 ETF (SPY) to build cross-asset indicators that are tougher to game than any single-market series. Liquidity-driven phases produce cross-asset alignment in Crypto Fear & Greed Index and S&P 500 ETF (SPY); fundamentals-driven regimes produce divergence.
90-Day Statistics
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Frequently Asked Questions
What is the relationship between Crypto Fear & Greed Index and S&P 500 ETF (SPY)?+
Crypto Fear & Greed Index and S&P 500 ETF (SPY) are connected through shared macro drivers across asset classes. When the dominant macro driver shifts, both respond, though with different sensitivities and at different speeds. The spread between Crypto Fear & Greed Index and S&P 500 ETF (SPY) captures the specific macro signal that flows through this relationship.
When does Crypto Fear & Greed Index typically lead S&P 500 ETF (SPY)?+
Crypto Fear & Greed Index tends to lead S&P 500 ETF (SPY) during macro regime changes, where the more liquid asset moves first. In those periods, moves in Crypto Fear & Greed Index precede corresponding moves in S&P 500 ETF (SPY) by days to weeks, depending on the transmission channel and the depth of each market.
How are Crypto Fear & Greed Index and S&P 500 ETF (SPY) historically correlated?+
Long-run correlation between Crypto Fear & Greed Index and S&P 500 ETF (SPY) varies by regime. Cross-asset correlations vary by regime, tending to tighten in stress and loosen during normal conditions. The correlation is not stable: it shifts with macro conditions, and the periods when it breaks down are often the most informative moments in the Crypto Fear & Greed Index-S&P 500 ETF (SPY) relationship.
What macro conditions drive divergence between Crypto Fear & Greed Index and S&P 500 ETF (SPY)?+
Divergence between Crypto Fear & Greed Index and S&P 500 ETF (SPY) typically arises from idiosyncratic shocks in one asset, policy interventions, or structural shifts in demand. When one asset's idiosyncratic drivers dominate, the spread moves in ways that the common macro story does not predict, which is usually a signal to look more carefully at the specific drivers at work in Crypto Fear & Greed Index or S&P 500 ETF (SPY).
Is Crypto Fear & Greed Index a hedge for S&P 500 ETF (SPY)?+
Cross-asset hedges between Crypto Fear & Greed Index and S&P 500 ETF (SPY) work when the macro drivers of the two assets are sufficiently decorrelated, which depends on the regime and therefore needs to be reviewed as conditions change. Effective hedging requires matching the hedge to the specific risk being protected, and the Crypto Fear & Greed Index-S&P 500 ETF (SPY) pair is best stress-tested under scenarios the investor most worries about before being sized into a real portfolio.
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Data sourced from FRED, CoinGecko, CBOE, and other providers. This page is for informational purposes only and does not constitute financial advice. Past performance does not guarantee future results.