Stock Market Volatility has Risen in 2025 📈📉

What We're Showing

This chart shows the implied volatility (VIX) of the S&P 500, which is the market's expectation of how volatile the market index will be over the next 30 days.

The black number labels show the average implied volatility of each calendar year.

Key Takeaways

• Volatility has risen on average in 2025 so far, with just 2022 and 2020 having higher volatility in the previous eight years.
• The stock market tends to see volatility increase when uncertainty rises, exemplified by the VIX's surge to 85.5 at the onset of the COVID-19 pandemic in 2020.
• With an average volatility of 21.4 in 2025, this translates to an expected ±1.35% move in the S&P 500 each trading day.