CBOE Volatility Index (VIX)
Returns the VIX, which measures expected 30-day volatility of the S&P 500 index based on options prices. Often called the "fear index."
Data Source
CBOE (Chicago Board Options Exchange) via Federal Reserve Economic Data (FRED).
Usage Notes
- No parameters required
- Returns the VIX index value
- Real-time VIX quotes available via
Last("^VIX") - Key indicator of market sentiment and expected volatility
VIX Interpretation
| VIX Level | Market Sentiment |
|---|---|
| < 12 | Complacent / Low fear |
| 12-20 | Normal / Calm markets |
| 20-30 | Elevated concern |
| 30-40 | High fear / Stressed |
| > 40 | Extreme fear / Crisis |
Syntax
=VIX()When to Use
- Measuring market fear and uncertainty
- Risk management and hedging decisions
- Market timing signals
- Building volatility dashboards
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Need real-time VIX | Last("^VIX") |
| Need stock implied volatility | ImpliedVolatility30d() |
| Need Dow Jones index | DJIA() |
Common Issues & FAQ
How do I get real-time VIX?
Use =Last("^VIX") for real-time quotes during market hours.
What causes VIX spikes?
VIX typically spikes during market selloffs, geopolitical events, and economic uncertainty.
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