$MOVEIndex and $VIX have reached a near-zero 3-month rolling correlation. The two volatility measures have become notably decoupled, with bond-market volatility currently moving very differently from equity-market volatility. Historically, periods of pronounced divergence between the two have eventually been followed by a re-coupling, although the direction and timing are not implied. The $MOVE Index can sometimes lead $VIX, making the relationship worth watching for signs of a potential shift in equity-market volatility. *Past performance is no guarantee of future results *Schwab does not recommend the use of technical analysis as a sole means of investment research *All names and market data shown below are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security *Chart source: thinkorswim