SteadyTapeQuantitative Market Research

VIX Elevated Days

Median 1M return: +2.4%, 64% win rate.

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Streaks of consecutive VIX closes above 20 — SPY forward returns by streak length and VIX RSI context.

Current VIX Streak
None
VIX below threshold
Latest VIX
15.4
threshold 20.0
Total Episodes
184
since 2000
Median Duration
2d
median episode length
1M Median Fwd
+2.4%
64% win rate

When to run this study

Run when VIX spikes above 20 or during periods of sustained market fear. Identifies historically oversold fear conditions and potential mean-reversion entry points after extended stretches of elevated volatility.

Historical results

Forward Returns by Episode Duration

Duration BucketNAvg Days1W Win%1W Median1W Avg2W Win%2W Median2W Avg1M Win%1M Median1M Avg3M Win%3M Median3M Avg6M Win%6M Median6M Avg
1–5 days139276.301.531.2268.301.831.5265.502.511.2470.504.522.3667.906.242.43
6–10 days127.50751.661.33500.980.9183.302.722.60752.861.93758.485.79
11–20 days914.7044.40-0.64-0.0455.600.17-1.2444.40-2.76-1.5466.706.831.3166.708.195.63
21–40 days1228.2066.700.940.95752.461.7466.704.191.8854.503.701.2254.505.882.06
41+ days12142.7066.701.050.98750.910.4641.70-1.19-0.2141.70-0.90-2.6350-0.16-3.67