The coherent dynamics of bubble clusters are of fundamental and industrial importance, and are elusive due to the complex interactions of disordered bubble oscillations. Here we introduce and demonstrate a method for decomposition of the Lagrangian time series of bubble dynamics data by combining theory and principal component analysis. The decomposition extracts coherent features of bubble oscillations based on their energy, in a way similar to proper orthogonal decomposition of Eulerian flow field data. This method is applied to a dataset of spherical clusters under harmonic excitation at different amplitudes, with various nuclei density and polydispersity parameters. Results indicate that the underlying correlated mode of oscillations is isolated in a single dominant feature in cavitating regimes, independent of the nuclei's parameters. A systematic data analysis procedure further suggests that this feature is globally controlled by the dynamic cloud interaction parameter of Maeda and Colonius ( J. Fluid Mech. , vol. 862, 2019, pp. 1105–1134) that quantifies the mean-field interactions, regardless of initial polydispersity or nonlinearity. The method provides a simplified and comprehensive representation of complex bubble dynamics as well as a new path to reduced-order modelling of cavitation and nucleation.