Implied Volatility Statistics: IV Rank and VRP by Sector
By VolRadar Editorial · reviewed Jun 2026 · data as of 2026-06-02
Information Technology currently leads sector IV Rank (90.1). All 11 sectors show positive VRP — broad premium-selling backdrop.
Source: VolRadar analysis of ORATS data · 2026-06-02
Latest snapshot
Sector IV Rank and VRP averages from the most recent end-of-day options snapshot. IV Rank leans toward Information Technology while VRP is broadly positive — see the charts below.
Average IV Rank by S&P 500 sector
Which sectors have the most expensive options right now. IV Rank is range-based (0–100): higher means implied volatility is closer to its 1-year high for that name, averaged across the sector.
IV Rank scale: 0–100. Higher values indicate implied volatility is closer to its 1-year high.
| Sector | Avg IV Rank | Symbols |
|---|---|---|
| Information Technology | 90.1 | 73 |
| Industrials | 73.2 | 80 |
| Materials | 72.7 | 28 |
| Utilities | 69.3 | 31 |
| Consumer Discretionary | 68.4 | 48 |
| Consumer Staples | 66.1 | 36 |
| Health Care | 60.9 | 60 |
| Energy | 60 | 21 |
| Financials | 58.5 | 74 |
| Real Estate | 58.5 | 31 |
| Communication Services | 54 | 24 |
Source: VolRadar analysis of ORATS data.
Volatility Risk Premium by sector
Average implied-minus-realized-volatility spread, in percentage points. Positive readings mean options are pricing in more volatility than has actually been realized — a backdrop for premium-selling. Negative readings mean the opposite.
11 of 11 sectors show positive VRP today — options are pricing more volatility than the underlying has actually been realizing.
| Sector | Avg VRP | Symbols |
|---|---|---|
| Information Technology | +2.40 pp | 73 |
| Consumer Staples | +2.34 pp | 36 |
| Consumer Discretionary | +1.65 pp | 48 |
| Health Care | +1.24 pp | 60 |
| Materials | +0.84 pp | 28 |
| Communication Services | +0.78 pp | 24 |
| Financials | +0.71 pp | 74 |
| Industrials | +0.64 pp | 80 |
| Energy | +0.59 pp | 21 |
| Real Estate | +0.58 pp | 31 |
| Utilities | +0.33 pp | 31 |
Source: VolRadar analysis of ORATS data.
Methodology and scope
Sector membership follows the GICS classification. Per-ticker IV Rank and VRP are computed by VolRadar from end-of-day options data and then averaged within each GICS sector across the S&P 500. The data point shown is the most recent trading day with full coverage. Methodology details: IV Rank · VRP.
This page shows aggregates only. Raw contract-level data, per-ticker option chains and any ORATS-substitute feeds are not published here.
Source: VolRadar analysis of ORATS data.
Frequently asked questions
What is IV Rank?
IV Rank measures where current implied volatility sits in its trailing 52-week range, scaled 0–100. A reading of 80 means today's IV is near the top of the last year; 20 means it's near the bottom. The sector value averages this range-based rank across each sector's S&P 500 constituents.
Which sector has the highest IV Rank today?
See the chart above for the live ranking — the sector at the top of the bar chart is currently the most expensive on an IV-Rank basis. Data refreshes after each US trading-day close.
What does a positive Volatility Risk Premium (VRP) mean?
VRP is the average gap between implied and realized volatility, in percentage points. Positive VRP means options are pricing in more volatility than the underlying has actually been delivering — historically a constructive backdrop for premium-selling strategies. Negative VRP is the opposite.
Why can IV Rank and VRP point in different directions?
IV Rank is a range-based measure of how high IV is relative to its own 52-week history. VRP is the absolute gap to realized volatility. A sector can have a low IV Rank (calm vs. its own past) while still showing positive VRP (options are still richer than actual realized moves) — they measure different things.
How often are these sector statistics updated?
Once per US trading day. The "Data as of" line shows the latest snapshot date; the pipeline recomputes after the closing bell. We serve the last validated snapshot if the day's refresh is delayed.
Where can I look up IV Rank for a specific ticker?
This pillar is a sector-level reference surface. For per-ticker IV-Rank lookups, open /tools/iv-rank-lookup or pull the full IV-rank column from /scanner — both are kept up to date alongside this page.