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HY Credit Spreads vs S&P 500

Live side-by-side comparison with current values, changes, and key statistics.

Credit & Financial Stressdaily
HY Credit Spread (OAS)

No data available

Equity Indexdaily
S&P 500 ETF (SPY)

No data available

Why This Comparison Matters

High yield credit spreads are often called the "canary in the coal mine" for equity markets. When HY spreads widen while the S&P 500 holds steady, it frequently signals trouble ahead for stocks. Credit markets tend to price recession risk earlier and more accurately than equity markets because bondholders have less upside and focus on downside protection.

90-Day Statistics

HY Credit Spread (OAS)

No data available

S&P 500 ETF (SPY)

No data available

Explore Each Metric

HY Credit Spread (OAS)
ICE BofA High Yield Option-Adjusted Spread — the market's price of default risk.
S&P 500 ETF (SPY)
SPDR S&P 500 ETF — tracks the benchmark US equity index.

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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.