Our research shows that above levels of 30 are quite rare for the VIX, it spends less than 10% of its time above levels of 30 historically, and historically, forward returns are quite favourable at these levels. The VIX is just above 30 right now. But, the path to recovery may not always be smooth or linear from VIX levels above 30. For example, in 2022 the VIX spiked above 30 across a few key timeframes (Feb 2022, May/June 2022, Oct 2022). All of which ended up being quite good entries, but patience was required. We think today's prices will look quite good in the future, but the near-term path is quite uncertain, and so if investors can ignore short-term noise and volatility, we thinking buying today can work out well in the long-run.
This market update from last year has a brief analysis and study on the VIX.
For those looking for more data/insight, there is also a brief segment on the VIX from our webinar last year (here)