This paper clarifies the calculation principle of VIX and concludes on its performance, in hope to provide positive reference for development of financial derivatives in China.

• 本文对波动率指数(VIX)的计算原理进行了梳理和比较，并对其表现进行了归纳总结，以供国内相关金融衍生品的设计和发展借鉴。