VIX (Cboe): the last 12 months

The VIX is 16.61, down 12.6% over 1Y; its 90-day change is +9.6%. It rose in October's tech selloff and fell after the midterms in the relief rally. Status quo for FX and volatility: intact.

Status quo card: VIX (Cboe), intact.

Month by month

Computed in code. Change: the calendar-month change (z against its own monthly history). 90-day: the trailing 90-day change at the month-end. Rank: its place among that month's biggest moves. Causes: the surviving monthly causes acting on it (a force's loading on this asset times the month's fitted strength, in standard deviations). ETF holdings use current weights (an approximation).

MonthChange90-dayRankCauses
November 2026 (month to date)−14.5% (z -2.1)+9.6%Cheaper oil and lower breakevens lifted consumer stocks (evidence −14.5%, z -2.1); Relief rally after the midterms: volatility fell and cyclicals and platforms rose (evidence −14.5%, z -2.1)
October 2026+18.9% (z 1.0)+21.5%none of the surviving causes loads on it
September 2026+9.5% (z 0.4)+1.2%none of the surviving causes loads on it
August 2026−6.7% (z -0.5)−5.4%none of the surviving causes loads on it
July 2026−2.8% (z -0.3)−5.9%none of the surviving causes loads on it
June 2026+7.4% (z 0.3)−33.0%none of the surviving causes loads on it
May 2026−9.3% (z -0.6)−28.5%none of the surviving causes loads on it
April 2026−33.1% (z -1.9)−3.2%Historic chip rally on AI demand after the ceasefire (evidence −33.1%, z -1.9); Tech roared back on AI earnings and the ceasefire (evidence −33.1%, z -1.9); Ceasefire relief plus AI earnings: the Nasdaq 100's best month in decades (evidence −33.1%, z -1.9); Chip-heavy Asian markets led the ceasefire rally (evidence −33.1%, z -1.9)
March 2026+27.1% (z 1.4)+68.9%none of the surviving causes loads on it
February 2026+13.9% (z 0.7)+21.5%none of the surviving causes loads on it
January 2026+16.7% (z 0.9)0.0%none of the surviving causes loads on it
December 2025−8.6% (z -0.5)−10.1%none of the surviving causes loads on it
November 2025−6.2% (z -0.4)+1.4%none of the surviving causes loads on it

What drove each month · All assets

Not investment advice. MarketMoves describes past market data and reported news for general information. Figures can be delayed or wrong; check the original source before relying on them.