On June 3rd I posted on the apparent stable ratio of VIX to VXX -- .39 since about the beginning of April. This ratio appears to be holding. The chart below shows VIX/100, VXX/100, and VIX/VXX. The VIX/VXX (blue line) seems to be holding steady at an average of .39, the average for the last 30 days, and the last 60 days.
I divided the VXX (yellow) and VIX (purple) by 100 so they would scale in a range similar to th VIX/VXX. The intra-day tracking of the two is not as tight, the VXX tends to lag the VIX by a few minutes and the ratio varies between .365 and .41.
Below is just the VIX/VXX ratio with a 15 day simple moving average.
Things definitely settled down in April.
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