 The CBOE Volatility Index and VIX-related exchange traded funds surged Wednesday as U.S. equities reeled in their worst day since 2020 following disappointing earnings results that added to recession fears. The iPath Series B SP 500 VIX Short Term Futures ETN NYSEArca: VXX increased 5.2 and the ProShares VIX Short-Term Futures ETF NYSEArca: VIXY advanced 14.7 . 