Key facts
- Average single stock volatility, measured by the VIXEQ Index, increased by over 4 points last week.
- The VIXEQ Index reached a near 1-year high of 45%.
- The spread between single stock and index volatility surged to a record high of 29 points last week.
The VIXEQ Index, which tracks the implied volatility of individual stocks, saw a significant increase last week, climbing over 4 points to reach 45%. This level represents a near one-year high for single stock volatility. Concurrently, the Cboe Volatility Index (VIX), which measures the implied volatility of the S&P 500, fell by 1.4 points to approximately 15.8%, a near year-to-date low. This divergence caused the spread between single stock volatility and broad market volatility to widen dramatically, setting a new record at 29 points.