Convex Risk Appetite vs Fear & Greed
Live side-by-side comparison with current values, changes, and key statistics.
Why This Comparison Matters
The Convex CRAI measures risk appetite through cross-asset flows and volatility surfaces, while CNN's Fear & Greed uses simpler market indicators. When both agree on extreme readings, the signal is very strong. When they diverge, it reveals whether the disagreement is in equity-specific indicators (Fear & Greed) or broader cross-asset positioning (CRAI).
Cross-Asset Analysis
This page pairs Convex Risk Appetite Index (convex Risk Appetite Index, cross-asset risk appetite from 5 ETF price ratio z-scores (IWM/SPY, HYG/LQD, XLY/XLP, EEM/EFA, KRE/SPY). 0-100 scale) against Crypto Fear & Greed Index (crypto market fear and greed index (0-100), extreme fear is contrarian bullish) to surface the specific macro signal that lives in the peer pair relationship. Convex Risk Appetite Index and Crypto Fear & Greed Index occupy the same asset class, and the relative performance between them isolates the specific factor that distinguishes one from the other. Factor exposures embedded inside Convex Risk Appetite Index and Crypto Fear & Greed Index drive their relative performance, with growth-value, large-small, and domestic-international all surfacing in the spread.
Interest rate cycles drive Convex Risk Appetite Index versus Crypto Fear & Greed Index relative performance through discount-rate sensitivity, with longer-duration exposures suffering more when rates rise. The Convex Risk Appetite Index-Crypto Fear & Greed Index spread captures the tilt between two variants of the same asset: one may be more defensive, one more cyclical. Mid-cycle stretches see the Convex Risk Appetite Index-Crypto Fear & Greed Index spread compress as macro volatility stays low and factor returns normalize.
Performance attribution leans on Convex Risk Appetite Index-Crypto Fear & Greed Index spreads to separate security selection from style allocation inside multi-manager mandates. Index construction choices inside Convex Risk Appetite Index and Crypto Fear & Greed Index, including weighting methodology and inclusion rules, create persistent tilts that show up in the spread.
90-Day Statistics
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Frequently Asked Questions
What is the relationship between Convex Risk Appetite Index and Crypto Fear & Greed Index?+
Convex Risk Appetite Index and Crypto Fear & Greed Index are connected through shared asset class exposure with different factor tilts. When the underlying asset class shifts, both respond, though with different sensitivities and at different speeds. The spread between Convex Risk Appetite Index and Crypto Fear & Greed Index captures the specific macro signal that flows through this relationship.
When does Convex Risk Appetite Index typically lead Crypto Fear & Greed Index?+
Convex Risk Appetite Index tends to lead Crypto Fear & Greed Index during rotation episodes between the two factor exposures. In those periods, moves in Convex Risk Appetite Index precede corresponding moves in Crypto Fear & Greed Index by days to weeks, depending on the transmission channel and the depth of each market.
How are Convex Risk Appetite Index and Crypto Fear & Greed Index historically correlated?+
Long-run correlation between Convex Risk Appetite Index and Crypto Fear & Greed Index varies by regime. Peers in the same asset class are highly correlated in direction, with the spread reflecting factor tilts and rotation dynamics. 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 Convex Risk Appetite Index-Crypto Fear & Greed Index relationship.
What macro conditions drive divergence between Convex Risk Appetite Index and Crypto Fear & Greed Index?+
Divergence between Convex Risk Appetite Index and Crypto Fear & Greed Index typically arises from index reconstitution, mega-cap earnings surprises, or liquidity differences between the peers. 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 Convex Risk Appetite Index or Crypto Fear & Greed Index.
Is Convex Risk Appetite Index a hedge for Crypto Fear & Greed Index?+
Peers like Convex Risk Appetite Index and Crypto Fear & Greed Index do not hedge each other; both rise or fall with the shared asset class, and using the pair as a spread trade is different from using it as a hedge. Effective hedging requires matching the hedge to the specific risk being protected, and the Convex Risk Appetite Index-Crypto Fear & Greed Index 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.