We associate to any complete spherical variety $X$ a certain nonnegative rational number $\wp ({X})$, which we conjecture to satisfy the inequality $\wp ({X}) \le \dim X - \mathrm {rank} X$ with equality holding if and only if $X$ is isomorphic to a toric variety. We show that, for spherical varieties, our conjecture implies the generalized Mukai conjecture on the pseudo-index of smooth Fano varieties due to Bonavero, Casagrande, Debarre, and Druel. We also deduce from our conjecture a smoothness criterion for spherical varieties. It follows from the work of Pasquier that our conjecture holds for horospherical varieties. We are able to prove our conjecture for symmetric varieties.