The CBOE Volatility Index, widely known by its ticker symbol VIX and nicknamed the fear gauge, measures the market's expectation of 30-day forward-looking volatility in the S&P 500 stock index, calculated in real time by the Chicago Board Options Exchange from the prices of a wide range of S&P 500 index options. Introduced in 1993 and revised to its current calculation methodology in 2003, the VIX typically rises sharply during periods of market stress or crisis, such as the 2008 financial crisis and the early 2020 COVID-19 market selloff, when it hit an all-time closing high, and has become the standard benchmark for equity-market volatility and investor anxiety worldwide.
Facts
Geography
Geographic ScopeSourced to the subject's own accountUnited States (S&P 500 options) 2 Classification
Release Frequency In the Other Atlases
Sources
1. CBOE Volatility Index: VIX (FRED VIXCLS)
Series notes and Frequency field (Daily, Close)Quote, Series notes and Frequency field (Daily, Close)
VIX measures market expectation of near term volatility conveyed by stock index option prices.
2. VIX (Wikipedia)
WikipediaWikipedia, "VIX", lead section
VIX is the ticker symbol and popular name for the Chicago Board Options Exchange's CBOE Volatility Index, a popular measure of the stock market's expectation of volatility based on S&P 500 index options. It is calculated and disseminated on a real-time basis by the CBOE, and is often referred to as the fear index or fear gauge.
Lead section
VIX is a volatility index derived from S&P 500 options for the 30 days following the measurement date.
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