Almost reduction and perturbation of matrix cocycles

In this note, we show that if all Lyapunov exponents of a matrix cocycle vanish, then it can be perturbed to become cohomologous to a cocycle taking values in the orthogonal group. This extends a result of Avila, Bochi and Damanik to general base dynamics and arbitrary dimension. We actually prove a fibered version of this result, and apply it to study the existence of dominated splittings into conformal subbundles for general matrix cocycles.