AbstractHow genetic variation contributes to phenotypic variation is a central question in genetics. Association signals for a complex trait are found throughout the majority of the genome suggesting much of the genome is under some degree of genetic constraint. Here, we develop a intraspecific population genetics approach to define a measure of population structure for each single nucleotide polymorphism (SNP). Using this approach, we test for evidence of stabilizing selection at complex traits and pleiotropic loci arising from the evolutionary history of 47 complex traits and common diseases. Our approach allowed us to identify traits and regions under stabilizing selection towards both global and subpopulation optima. Strongest depletion of allelic diversity was found at disease loci, indicating stabilizing selection has acted on these phenotypes in all subpopulations. Pleiotropic loci predominantly displayed evidence of stabilizing selection, often contributed to multiple disease risks, and sometimes also affected non-disease traits such as height. Risk alleles at pleiotropic disease loci displayed a more consistent direction of effect than expected by chance suggesting that stabilizing selection acting on pleiotropic loci is amplified through multiple disease phenotypes.