Aggregate Market Stress
COVOL Composite Index
Last updated: Mar 1, 2026, 10:28 PM UTCStress Timeline
No data available
Stress Decomposition
Systematic Component (PC1)
0.9603
87.2% of total
Max Analysis Residual
0.1411
12.8% of total
COVOL Analysis Contribution
Country Risk
0.000
Oil & Gas
0.000
Asset Class
0.000
Commodities
0.000
Individual COVOL Analyses
Country-Level ETF COVOL Analysis
Last updated: Sunday, March 1, 2026 at 8:04:46 AM UTCCurrent level of COVOL: 0.97154
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Trailing 12 month COVOL
Top five COVOL events:
| Date | Event |
|---|---|
| Mar 9, 2020 | COVID - All of Italy is locked down, Saudi Arabia / Russia oil price war |
| Jun 24, 2016 | Brexit |
| Sep 17, 2001 | Market reopens after Sept 11th |
| Feb 27, 2007 | Rumors of a Chinese crackdown on market speculation, Alan Greenspan warns of possible impending recession, Dick Cheney assassination attempt, Drop in durable goods orders |
| Aug 5, 2014 | Tension between Russia and Ukraine |
Asset Class COVOL Analysis
Last updated: Sunday, March 1, 2026 at 8:06:44 AM UTCCurrent level of COVOL: 0.876008
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Trailing 12 month COVOL
Top five COVOL events:
| Date | Event |
|---|---|
| Nov 6, 2024 | Donald Trump elected president of the United States |
| Sep 17, 2001 | Market reopens after Sept 11th |
| Jan 10, 2000 | America On-line announces an agreement to buy Time Warner |
| Nov 9, 2016 | Donald Trump elected president of the United States |
| Mar 9, 2020 | COVID - All of Italy is locked down, Saudi Arabia / Russia oil price war |
Oil and Gas COVOL Analysis
Last updated: Sunday, March 1, 2026 at 8:08:44 AM UTCCurrent level of COVOL: 0.690872
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Trailing 12 month COVOL
Top five COVOL events:
| Date | Event |
|---|---|
| Oct 7, 2003 | Oil and gas running out faster than global warming |
| Apr 12, 2019 | Sanctions on Iran and Venezuela; U.S. crude oil production record high; Global Youth Climate Strike |
| Mar 9, 2020 | COVID - All of Italy is locked down, Saudi Arabia / Russia oil price war |
| Jun 22, 2001 | Exxon accused of human rights abuse, OPEC signals output would remain steady |
| Dec 7, 2001 | Israeli–Palestinian conflict |
Commodities COVOL Analysis
Last updated: Sunday, March 1, 2026 at 8:11:15 AM UTCCurrent level of COVOL: 0.654721
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Trailing 12 month COVOL
Top five COVOL events:
| Date | Event |
|---|---|
| Mar 9, 2020 | COVID - All of Italy is locked down, Saudi Arabia / Russia oil price war |
| Jan 30, 2026 | Gold and silver plunge sharply as markets react to Fed nomination amid hawkish policy expectations |
| Sep 17, 2001 | Market reopens after Sept 11th |
| Mar 17, 2008 | Bear Stearns collapses, sold to JPMorgan Chase for $2/share; Fed facilitates emergency rescue to prevent systemic collapse |
| Sep 24, 2001 | Markets begin recovery as global coalition forms against terrorism |