Consider a component ${\cal Q}$ of a stratum in the moduli space of area-one abelian differentials on a surface of genus g. Call a property ${\cal P}$ for periodic orbits of the Teichmüller flow on ${\cal Q}$ typical if the growth rate of orbits with property ${\cal P}$ is maximal. We show that the following property is typical. Given a continuous integrable cocycle over the Teichmüller flow with values in a vector bundle $V\to {\cal Q}$ , the logarithms of the eigenvalues of the matrix defined by the cocycle and the orbit are arbitrarily close to the Lyapunov exponents of the cocycle for the Masur–Veech measure.

J.-C. Yoccoz proposed a natural extension of Selberg’s eigenvalue conjecture to moduli spaces of abelian differentials. We prove an approximation to this conjecture. This gives a qualitative generalization of Selberg’s $\frac{3}{16}$ theorem to moduli spaces of abelian differentials on surfaces of genus ${\geqslant}2$.