SteadyTapeQuantitative Market Research

Crisis Event Returns

VIX at 18.6 — below crisis threshold

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Reference table of historical crisis-bottom forward SPY returns vs current VIX.

Current VIX
18.65
Crisis VIX Threshold
30
Reference Events
6
As of
2026-07-20

When to run this study

Run during periods of elevated VIX. The reference table shows forward SPY returns from past crisis lows — useful context when fear spikes and historical playbooks may apply.

Historical results

Crisis-Bottom Forward SPY Returns

EventDateSPY1M3M6M1Y
Lehman2008-09-1586.39-16.37-25.47-33.99-9.59
COVID Bottom2020-03-23204.4225.1939.9447.8977.50
Powell Pivot Bottom2018-12-24209.6413.4219.8625.1039.67
US Downgrade2011-08-0886.227.1512.3521.4627.65
China Devaluation2015-08-24157.992.6911.033.0918.06
CPI Bottom2022-10-12339.3810.6911.8416.6522.92