Volatility and term structure
Cboe indices: volatility levels, the VIX3M-to-VIX ratio and each reading’s historical percentile.
Observation date: · Source: Cboe · daily index data
Contango
A VIX3M/VIX ratio above 1 indicates contango; below 1, backwardation. Both index readings must share the same date. This describes the term structure, not a forecast of market direction.
| Index | Level · index points | Historical percentile |
|---|---|---|
| VIX9D · 9 days | 15.59 | — |
| VIX · 30 days | 16.46 | 43/100 |
| VIX3M · 3 months | 18.87 | — |
| VIX6M · 6 months | 20.63 | — |
| VVIX · volatility of VIX | 94.50 | 60/100 |
| SKEW · tail asymmetry | 149.25 | 96/100 |
A dash means no observation for the stated date. Missing data is not zero; we do not substitute an older reading.
Reading the data
A VIX3M/VIX ratio above 1 indicates contango; below 1, backwardation. Both index readings must share the same date. This describes the term structure, not a forecast of market direction.
Percentiles compare each reading with that index’s available history. Coverage differs across series. The combined dataset begins: 1990-01-02.