The VIX reflects the market’s expectation of 30-day volatility through S&P 500 index options. Essentially, the index is used as an “investor fear gauge” and measures the implied volatility in the S&P 500. Typically, a VIX reading below 20 reflects a more complacent market.
Other VIX-related ETFs include:
- ProShares VIX Short-Term Futures ETF (NYSEArca: VIXY): up 2.6% over the past week
- iPath S&P 500 Dynamic VIX ETN (NYSEArca: XVZ): down 1.3% over the past week
- VelocityShares Daily Long VIX Short-Term ETN (NYSEArca: VIIX): up 1.8% over the past week
Leveraged VIX ETFs include:
- ProShares Ultra VIX Short-Term Futures (NYSEArca: UVXY): up 5.3% over the past week
- VelocityShares Daily 2x VIX Short Term ETN (NYSEArca: TVIX): up 3.6% over the past week
iPath S&P 500 VIX Short Term Futures ETN
For more information on the CBOE Volatility Index, visit our VIX category.
Max Chen contributed to this article.