The VIX is a synthetic index whose value is derived from the implied volatility of the S&P 500 index options (computed from the premium of around-the-money opti

The VIX is a synthetic index whose value is derived from the implied volatility of the S&P 500 index options (computed from the premium of around-the-money options on the SPX cash index a certain amount of time ahead), without fundamentals, tradeable only via futures contracts and ETFs that own those futures. It's a second derivative tradeable only via third derivative. This is very very zero-sum. The overwhelming majority of these actively managed funds fail to beat the returns of the S&P 500. [1] In fact over 15 years 92% of actively managed large-cap funds trail the returns of the S&P 500. Stop trading. [1] https://www.cnbc.com/2019/03/15/active-fund-managers-trail-the-sp-500-for-the-ninth-year-in-a-row-in-triumph-for-indexing.html https://www.cnbc.com/2019/03/15/active-fund-managers-trail-t...