SteadyTapeQuantitative Market Research

SPX Realized-Vol ROC

Median 1M return: +1.4%, 66% win rate.

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SPX realized-volatility 28-day rate-of-change in both directions (fear building vs unwinding) -> forward SPX returns, across the full ~75-year SPX history. The long-history complement to VIX Spike.

SPX
7,499
Realized Vol
17.3%
80%ile
28D Vol-ROC
+54.9%
88%ile
Direction
Building
Build / Unwind events
190 / 140

When to run this study

Run to gauge where SPX realized-volatility momentum sits in a 75-year context — whether fear is building (vol ROC sharply up) or unwinding (vol ROC sharply down) — and what SPX has historically done next at each extreme.

Historical results

Vol BUILDING — forward SPX by 28-day vol-ROC up

Vol-ROC upN1W Win%1W Med%1M Win%1M Med%3M Win%3M Med%6M Win%6M Med%12M Win%12M Med%
50-100%185580.40661.38673.46715.617112.09
100-200%5600.08601.30603.21604.84805.13