The VIX, often called the 'fear gauge', measures the market's expectation of 30-day forward-looking volatility implied from S&P 500 options prices. It is not a traditional stock index but rather a real-time sentiment indicator used by traders to gauge market fear and complacency.
Loading chart…
Derived from S&P 500 (SPX) option prices — both calls and puts across a wide range of strike prices. Not composed of individual stocks.
VIX options and futures trade on CBOE and CFE: 08:30–15:15 CT and extended Globex hours.
Introduced in 1993 by the CBOE. Updated in 2003 to use S&P 500 options (previously used S&P 100). VIX futures launched 2004, VIX options 2006.
The Dow Jones Industrial Average (DJIA) is one of the oldest and most recognised stock market indices in the world. It tracks 30 large, publicly owned blue-chip companies trading on the NYSE and NASDAQ. Despite its small constituent count, the Dow remains a cultural touchstone for the overall health of the US stock market.
The oldest stock index in the US, the Dow Jones Transportation Average tracks 20 airline, railroad, trucking, and shipping companies. Followers of Dow Theory believe the transports must confirm the industrials for a sustained trend to be valid.
The Russell 2000 Index measures the performance of approximately 2,000 smallest companies in the Russell 3000 Index. It is the most widely followed benchmark for US small-cap stocks and is closely watched as a gauge of the domestic economy since small-caps tend to be more domestically focused.
The Standard & Poor's 500 is a market-capitalisation-weighted index of 500 leading publicly traded companies in the United States. Regarded as the best single gauge of US large-cap equities, the S&P 500 covers approximately 80% of available US market capitalisation and is widely used as a benchmark by institutional investors worldwide.