What Is the Relationship Between S&P 500 Index and the ^VIX Index?

The Relationship Between S&P 500 Index and the ^VIX Index can be summarized as:

• The ^VIX attempts to measure the magnitude of price movements of the S&P 500 over the coming 30 days.
• The more dramatic the price swings are in the index, the higher the ^VIX values.
• The less dramatic the price swings are in the index, the lower the ^VIX values.

Compare:
   S&P 500
   SNP: ^GSPC
   2026-07-02: 7483.22998047 USD
with:
   CBOE Volatility Index
   Cboe Indices: ^VIX
   2026-07-02: 16.14999962 USD

                S&P 500        CBOE Volatility Ind
               ^GSPC  Growth%        ^VIX  Growth%
           ---------- -------   ---------- -------
2026-07-02   7,483.23  100.00        16.15  100.00
2026-07-01   7,483.23  100.00        16.59  102.72
2026-06-30   7,499.36  100.22        16.45  101.86
2026-06-29   7,440.43   99.43        17.65  109.29
2026-06-26   7,354.02   98.27        18.41  113.99
2026-06-25   7,357.49   98.32        18.89  116.97
2026-06-24   7,358.22   98.33        18.63  115.36
2026-06-23   7,365.46   98.43        19.49  120.68
2026-06-22   7,472.79   99.86        17.28  107.00
2026-06-18   7,500.58  100.23        16.40  101.55
2026-06-17   7,420.10   99.16        18.44  114.18
2026-06-16   7,511.35  100.38        16.41  101.61
2026-06-15   7,554.29  100.95        16.20  100.31
2026-06-12   7,431.46   99.31        17.68  109.47
2026-06-11   7,394.30   98.81        19.44  120.37
2026-06-10   7,266.99   97.11        22.22  137.59
2026-06-09   7,386.65   98.71        19.87  123.03
2026-06-08   7,405.73   98.96        18.92  117.15
2026-06-05   7,383.74   98.67        21.51  133.19
2026-06-04   7,584.31  101.35        15.40   95.36
2026-06-02   7,609.78  101.69        15.77   97.65
2026-05-02   7,230.12   96.62        16.99  105.20
2026-04-02   6,582.69   87.97        23.87  147.80
2026-03-02   6,881.62   91.96        21.44  132.76
2026-02-02   6,976.44   93.23        16.34  101.18
2026-01-02   6,858.47   91.65        14.51   89.85
2025-12-02   6,829.37   91.26        16.59  102.72
2025-11-02   6,840.20   91.41        17.44  107.99
2025-10-02   6,715.35   89.74        16.63  102.97
2025-09-02   6,415.54   85.73        17.17  106.32
2025-08-02   6,238.01   83.36        20.38  126.19
2025-07-02   6,227.42   83.22        16.64  103.03
2024-07-02   5,509.01   73.62        17.95  111.15
2023-07-02   4,450.38   59.47        17.95  111.15
2022-07-02   3,825.33   51.12        21.33  132.07
2021-07-02   4,352.34   58.16        18.24  112.94
2020-07-02   3,130.01   41.83        24.46  151.46
2019-07-02   2,973.01   39.73        16.12   99.81
2018-07-02   2,726.71   36.44        12.83   79.44
2017-07-02   2,423.41   32.38        10.26   63.53
2016-07-02   2,102.95   28.10        11.87   73.50
2015-07-02   2,076.78   27.75        12.12   75.05
2014-07-02   2,003.37   26.77        16.95  104.95
2013-07-02   1,632.97   21.82        13.45   83.28
2012-07-02   1,406.58   18.80        18.93  117.21
2011-07-02   1,218.89   16.29        25.25  156.35
2010-07-02   1,049.33   14.02        23.50  145.51
2009-07-02   1,020.62   13.64        25.92  160.50
2008-07-02   1,282.83   17.14        22.94  142.04
2007-07-02   1,473.99   19.70        23.52  145.63
2006-07-02   1,303.82   17.42        14.95   92.57
2005-07-02   1,220.33   16.31        11.57   71.64
2004-07-02   1,104.24   14.76        15.32   94.86
2003-07-02   1,008.01   13.47        19.49  120.68
2002-07-02     916.07   12.24        32.03  198.33
2001-07-02   1,133.58   15.15        21.62  133.87
2000-07-02   1,517.68   20.28        20.74  128.42
1999-07-02   1,320.41   17.64        24.64  152.57
1998-07-02     957.28   12.79        24.80  153.56
1997-07-02     899.47   12.02        21.48  133.00
1996-07-02     651.99    8.71        19.46  120.50
1995-07-02     561.88    7.51        13.49   83.53
1994-07-02     475.49    6.35        11.13   68.92
1993-07-02     463.56    6.19        11.73   72.63
1992-07-02     414.03    5.53        13.17   81.55
1991-07-02     395.43    5.28        15.18   93.99
1990-07-02     322.56    4.31        21.11  130.71
1989-07-02     351.45    4.70                     
1988-07-02     261.52    3.49                     
1987-07-02     329.80    4.41                     
1986-07-02     252.93    3.38                     
1985-07-02     188.63    2.52                     
1984-12-01     181.18    2.42                     

⇒ What Is Dow Jones Industrial Average

⇐ Cboe Indices: ^VIX - CBOE Volatility Index

⇑ US Market Indices

⇑⇑ Market Indices