Michael Iachini CFA®, CFP®, Managing Director, Head of Manager Research for Charles Schwab Investment Advisory, Inc. Recent articles Trading VIX ETFs: The Facts and Risks Investors are fascinated by the VIX Index due to its tendency to spike during market turmoil. VIX ETFs exist but they track VIX index futures, instead of the index directly. Find out why this can be an issue. August 23, 2021