1Y Return-4.37%ConstituentsS&P 500 options (model-free)ProviderCboe Global Markets
VIX Β· USA

CBOE Volatility Index

14.89
-0.95(-6.00%)
As of Aug 19, 2026
Price Historyβ–Ό 4.37% over 1Y
Technical Chart
Monthly Returns

Historically, Sep has averaged the highest return (+8.8%); Nov the lowest (-6.1%).

Average from:
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+16.7%Positive MonthJan 2026: +16.66%+13.9%Positive MonthFeb 2026: +13.88%+27.1%Positive MonthMar 2026: +27.14%-27.8%Negative MonthApr 2026: -27.84%-15.9%Negative MonthMay 2026: -15.92%+7.4%Positive MonthJun 2026: +7.38%-2.8%Negative MonthJul 2026: -2.80%-6.9%*Negative MonthAug 2026: -6.88%β€”β€”β€”β€”
2025-5.3%Negative MonthJan 2025: -5.30%+19.5%Positive MonthFeb 2025: +19.48%+13.5%Positive MonthMar 2025: +13.50%+10.9%Positive MonthApr 2025: +10.86%-24.8%Negative MonthMay 2025: -24.82%-9.9%Negative MonthJun 2025: -9.91%-0.1%Neutral MonthJul 2025: -0.06%-8.1%Negative MonthAug 2025: -8.13%+6.0%Positive MonthSep 2025: +5.99%+7.1%Positive MonthOct 2025: +7.13%-6.3%Negative MonthNov 2025: -6.25%-8.6%Negative MonthDec 2025: -8.56%
2024+15.3%Positive MonthJan 2024: +15.26%-6.6%Negative MonthFeb 2024: -6.62%-2.9%Negative MonthMar 2024: -2.91%+20.3%Positive MonthApr 2024: +20.29%-17.4%Negative MonthMay 2024: -17.44%-3.7%Negative MonthJun 2024: -3.72%+31.5%Positive MonthJul 2024: +31.51%-8.3%Negative MonthAug 2024: -8.31%+11.5%Positive MonthSep 2024: +11.53%+38.4%Positive MonthOct 2024: +38.43%-41.7%Negative MonthNov 2024: -41.67%+28.4%Positive MonthDec 2024: +28.42%
2023-10.5%Negative MonthJan 2023: -10.48%+6.7%Positive MonthFeb 2023: +6.70%-9.7%Negative MonthMar 2023: -9.66%-15.6%Negative MonthApr 2023: -15.61%+13.7%Positive MonthMay 2023: +13.69%-24.2%Negative MonthJun 2023: -24.25%+0.3%Neutral MonthJul 2023: +0.29%-0.4%Neutral MonthAug 2023: -0.44%+29.1%Positive MonthSep 2023: +29.11%+3.5%Positive MonthOct 2023: +3.54%-28.8%Negative MonthNov 2023: -28.78%-3.6%Negative MonthDec 2023: -3.64%
2022+44.2%Positive MonthJan 2022: +44.19%+21.4%Positive MonthFeb 2022: +21.43%-31.8%Negative MonthMar 2022: -31.81%+62.5%Positive MonthApr 2022: +62.45%-21.6%Negative MonthMay 2022: -21.59%+9.6%Positive MonthJun 2022: +9.62%-25.7%Negative MonthJul 2022: -25.71%+21.3%Positive MonthAug 2022: +21.28%+22.2%Positive MonthSep 2022: +22.23%-18.2%Negative MonthOct 2022: -18.15%-20.5%Negative MonthNov 2022: -20.48%+5.3%Positive MonthDec 2022: +5.30%
2021+45.5%Positive MonthJan 2021: +45.45%-15.5%Negative MonthFeb 2021: -15.53%-30.6%Negative MonthMar 2021: -30.59%-4.1%Negative MonthApr 2021: -4.07%-9.9%Negative MonthMay 2021: -9.94%-5.5%Negative MonthJun 2021: -5.55%+15.2%Positive MonthJul 2021: +15.22%-9.6%Negative MonthAug 2021: -9.65%+40.4%Positive MonthSep 2021: +40.41%-29.7%Negative MonthOct 2021: -29.73%+67.2%Positive MonthNov 2021: +67.22%-36.7%Negative MonthDec 2021: -36.67%
2020+36.7%Positive MonthJan 2020: +36.72%+112.9%Positive MonthFeb 2020: +112.90%+33.5%Positive MonthMar 2020: +33.48%-36.2%Negative MonthApr 2020: -36.22%-19.4%Negative MonthMay 2020: -19.44%+10.6%Positive MonthJun 2020: +10.61%-19.6%Negative MonthJul 2020: -19.62%+8.0%Positive MonthAug 2020: +7.97%-0.2%Neutral MonthSep 2020: -0.15%+44.2%Positive MonthOct 2020: +44.18%-45.9%Negative MonthNov 2020: -45.90%+10.6%Positive MonthDec 2020: +10.60%
2019-34.8%Negative MonthJan 2019: -34.82%-10.8%Negative MonthFeb 2019: -10.80%-7.2%Negative MonthMar 2019: -7.24%-4.3%Negative MonthApr 2019: -4.30%+42.6%Positive MonthMay 2019: +42.61%-19.4%Negative MonthJun 2019: -19.40%+6.9%Positive MonthJul 2019: +6.90%+17.7%Positive MonthAug 2019: +17.74%-14.4%Negative MonthSep 2019: -14.44%-18.6%Negative MonthOct 2019: -18.60%-4.5%Negative MonthNov 2019: -4.54%+9.2%Positive MonthDec 2019: +9.19%
2018+22.6%Positive MonthJan 2018: +22.64%+46.6%Positive MonthFeb 2018: +46.60%+0.6%Neutral MonthMar 2018: +0.60%-20.2%Negative MonthApr 2018: -20.23%-3.1%Negative MonthMay 2018: -3.14%+4.3%Positive MonthJun 2018: +4.28%-20.3%Negative MonthJul 2018: -20.26%+0.2%Neutral MonthAug 2018: +0.23%-5.8%Negative MonthSep 2018: -5.75%+75.2%Positive MonthOct 2018: +75.17%-14.9%Negative MonthNov 2018: -14.88%+40.7%Positive MonthDec 2018: +40.68%
2017-14.6%Negative MonthJan 2017: -14.60%+7.8%Positive MonthFeb 2017: +7.76%-4.3%Negative MonthMar 2017: -4.26%-12.5%Negative MonthApr 2017: -12.53%-3.8%Negative MonthMay 2017: -3.79%+7.4%Positive MonthJun 2017: +7.40%-8.2%Negative MonthJul 2017: -8.23%+3.2%Positive MonthAug 2017: +3.22%-10.2%Negative MonthSep 2017: -10.20%+7.0%Positive MonthOct 2017: +7.05%+10.8%Positive MonthNov 2017: +10.81%-2.1%Negative MonthDec 2017: -2.13%
2016+10.9%Positive MonthJan 2016: +10.93%+1.7%Neutral MonthFeb 2016: +1.73%-32.1%Negative MonthMar 2016: -32.12%+12.5%Positive MonthApr 2016: +12.54%-9.6%Negative MonthMay 2016: -9.62%+10.1%Positive MonthJun 2016: +10.15%-24.1%Negative MonthJul 2016: -24.06%+13.1%Positive MonthAug 2016: +13.06%-1.0%Neutral MonthSep 2016: -0.97%+28.4%Positive MonthOct 2016: +28.37%-21.9%Negative MonthNov 2016: -21.86%+5.3%Positive MonthDec 2016: +5.33%
2015+9.2%Positive MonthJan 2015: +9.22%-36.4%Negative MonthFeb 2015: -36.39%+14.6%Positive MonthMar 2015: +14.62%-4.8%Negative MonthApr 2015: -4.84%-4.9%Negative MonthMay 2015: -4.88%+31.7%Positive MonthJun 2015: +31.72%-33.5%Negative MonthJul 2015: -33.52%+134.6%Positive MonthAug 2015: +134.57%-13.8%Negative MonthSep 2015: -13.82%-38.5%Negative MonthOct 2015: -38.49%+7.0%Positive MonthNov 2015: +7.03%+12.9%Positive MonthDec 2015: +12.90%
2014+34.2%Positive MonthJan 2014: +34.18%-24.0%Negative MonthFeb 2014: -23.95%-0.9%Neutral MonthMar 2014: -0.86%-3.4%Negative MonthApr 2014: -3.39%-15.0%Negative MonthMay 2014: -14.99%+1.5%Neutral MonthJun 2014: +1.49%+46.5%Positive MonthJul 2014: +46.50%-28.7%Negative MonthAug 2014: -28.67%+34.9%Positive MonthSep 2014: +34.90%-14.0%Negative MonthOct 2014: -13.98%-5.0%Negative MonthNov 2014: -4.99%+44.0%Positive MonthDec 2014: +44.04%
2013-20.8%Negative MonthJan 2013: -20.75%+8.6%Positive MonthFeb 2013: +8.61%-18.1%Negative MonthMar 2013: -18.12%+6.5%Positive MonthApr 2013: +6.46%+20.6%Positive MonthMay 2013: +20.56%+3.4%Positive MonthJun 2013: +3.44%-20.2%Negative MonthJul 2013: -20.23%+26.5%Positive MonthAug 2013: +26.47%-2.4%Negative MonthSep 2013: -2.41%-17.2%Negative MonthOct 2013: -17.17%-0.4%Neutral MonthNov 2013: -0.36%+0.1%Neutral MonthDec 2013: +0.15%
2012-16.9%Negative MonthJan 2012: -16.92%-5.2%Negative MonthFeb 2012: -5.20%-15.9%Negative MonthMar 2012: -15.90%+10.6%Positive MonthApr 2012: +10.65%+40.3%Positive MonthMay 2012: +40.29%-29.0%Negative MonthJun 2012: -29.01%+10.8%Positive MonthJul 2012: +10.83%-7.7%Negative MonthAug 2012: -7.71%-10.0%Negative MonthSep 2012: -9.96%+18.2%Positive MonthOct 2012: +18.25%-14.7%Negative MonthNov 2012: -14.68%+13.5%Positive MonthDec 2012: +13.55%
2011+10.0%Positive MonthJan 2011: +10.03%-6.0%Negative MonthFeb 2011: -6.04%-3.3%Negative MonthMar 2011: -3.32%-16.9%Negative MonthApr 2011: -16.85%+4.7%Positive MonthMay 2011: +4.75%+6.9%Positive MonthJun 2011: +6.93%+52.8%Positive MonthJul 2011: +52.85%+25.2%Positive MonthAug 2011: +25.23%+35.9%Positive MonthSep 2011: +35.86%-30.3%Negative MonthOct 2011: -30.26%-7.2%Negative MonthNov 2011: -7.21%-15.8%Negative MonthDec 2011: -15.83%
2010+13.6%Positive MonthJan 2010: +13.56%-20.8%Negative MonthFeb 2010: -20.80%-9.8%Negative MonthMar 2010: -9.79%+25.4%Positive MonthApr 2010: +25.36%+45.4%Positive MonthMay 2010: +45.44%+7.7%Positive MonthJun 2010: +7.70%-32.0%Negative MonthJul 2010: -31.96%+10.9%Positive MonthAug 2010: +10.85%-9.0%Negative MonthSep 2010: -9.02%-10.5%Negative MonthOct 2010: -10.55%+11.0%Positive MonthNov 2010: +11.04%-24.6%Negative MonthDec 2010: -24.60%
2009+12.1%Positive MonthJan 2009: +12.10%+3.4%Positive MonthFeb 2009: +3.37%-4.8%Negative MonthMar 2009: -4.77%-17.3%Negative MonthApr 2009: -17.31%-20.8%Negative MonthMay 2009: -20.77%-8.9%Negative MonthJun 2009: -8.89%-1.6%Neutral MonthJul 2009: -1.63%+0.3%Neutral MonthAug 2009: +0.35%-1.5%Neutral MonthSep 2009: -1.54%+19.8%Positive MonthOct 2009: +19.84%-20.1%Negative MonthNov 2009: -20.14%-11.5%Negative MonthDec 2009: -11.55%
2008+16.4%Positive MonthJan 2008: +16.44%+1.3%Neutral MonthFeb 2008: +1.30%-3.5%Negative MonthMar 2008: -3.50%-18.8%Negative MonthApr 2008: -18.82%-14.2%Negative MonthMay 2008: -14.24%+34.3%Positive MonthJun 2008: +34.32%-4.2%Negative MonthJul 2008: -4.22%-10.0%Negative MonthAug 2008: -9.98%+90.8%Positive MonthSep 2008: +90.75%+52.0%Positive MonthOct 2008: +52.04%-7.7%Negative MonthNov 2008: -7.70%-27.6%Negative MonthDec 2008: -27.64%
2007-9.9%Negative MonthJan 2007: -9.86%+48.0%Positive MonthFeb 2007: +47.98%-5.1%Negative MonthMar 2007: -5.06%-2.9%Negative MonthApr 2007: -2.87%-8.2%Negative MonthMay 2007: -8.23%+24.4%Positive MonthJun 2007: +24.37%+44.9%Positive MonthJul 2007: +44.92%-0.6%Neutral MonthAug 2007: -0.60%-23.0%Negative MonthSep 2007: -23.01%+2.9%Positive MonthOct 2007: +2.94%+23.4%Positive MonthNov 2007: +23.42%-1.6%Neutral MonthDec 2007: -1.62%
2006β€”β€”β€”β€”β€”-20.4%Negative MonthJun 2006: -20.44%+14.3%Positive MonthJul 2006: +14.30%-17.7%Negative MonthAug 2006: -17.66%-2.7%Negative MonthSep 2006: -2.68%-7.3%Negative MonthOct 2006: -7.35%-1.7%Neutral MonthNov 2006: -1.71%+6.0%Positive MonthDec 2006: +5.96%
AvgΒ±SD+8.7%Β±21.6%+8.3%Β±31.5%-4.5%Β±16.9%-1.8%Β±21.5%-1.1%Β±21.6%+1.8%Β±16.5%+1.5%Β±25.1%+7.8%Β±31.5%+8.8%Β±26.1%+5.6%Β±29.5%-6.1%Β±23.7%+2.2%Β±20.2%
* Current month β€” value will change until month-end.

Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β€” the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.

Seasonal Tendency

This aggregates every month by calendar position β€” all Januaries together, all Februaries together, and so on β€” to show whether a given month has leaned positive or negative historically. β€˜Simple’ counts each month as +1 or βˆ’1. β€˜Weighted’ gives larger moves more influence: +2 above +10%, βˆ’2 below βˆ’10%. With only 21 years of history for this asset, each month’s score reflects a small number of observations β€” read it as a historical tendency, not a reliable seasonal pattern.

Historical Trend

This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.

Year-to-Date ROI
Average from:
SD Γ—
Latest: 0.996x (2026)

Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β€” at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in β€œAverage from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.

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About

What is the CBOE Volatility Index?

The CBOE Volatility Index (VIX) is not a stock index but a measure of the market's expected 30-day volatility of the S&P 500, derived in real time from S&P 500 options prices. Because it tends to spike when equity markets fall, it is colloquially known as the "fear gauge" of US markets.

History

Origin & evolution

Originally introduced in 1993 based on S&P 100 options, the VIX was overhauled in 2003 to use S&P 500 options and a model-free formula that does not depend on a particular option-pricing model. It is maintained by the Chicago Board Options Exchange (CBOE).

Index details
Provider
Cboe Global Markets
Inception
1993 (revised 2003)
Constituents
S&P 500 options (model-free)
Methodology
Implied 30-day volatility from option prices
ConstituentsFull holdings list with weights and moversComing soon
Sector BreakdownComposition by GICS sector and industryComing soon
Top MoversDaily gainers and laggards within the indexComing soon
All indexes