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Benzinga
Benzinga
Business
Chandrima Sanyal

Wall Street's Fear Gauge Just Crashed—These 3 ETFs Are Cashing In

Vix,(volatility,Index),-,Acronym,On,The,Background,Of,Cash

The CBOE Volatility Index (VIX) tumbled over 12% on Monday to around 17.88, erasing most of last week's surge and fueling a swift rally in ETFs designed to profit when fear fades.

In typical market irony, ETFs set up to benefit from decreasing levels of fear are turning the tables on last week’s bout of panic, making fear exhaustion a tactical possibility.

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