Strategy backtest

Buy gold when the VIX spikes

Buy gold at the close of any day the VIX is 25% or more above its 50-day average; sell 20 trading days later.

Result from 2024-10-16 to 2026-10-15: +17.0% across 6 trades, 67% of them winners, against +54.9% for buying and holding the same asset. Maximum drawdown -8.6%. Long only, no fees or slippage — what did happen, not what will.