as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
if you want to trade an equity that reflects changes in vix, what is a good proxy for it?
user
if you want to trade to gain from short-term volatility, you can use derivative-based etfs that try to track the inverse of a broad index like the s&p 500. note that these etfs only track the index over a 1 day period, so you shouldn't hold these. if you're looking for a longer-term investment strategy, look at low-beta stocks, which often do well or produce dividend income during volatile times. examples include mcdonald's corp and utilities like consolidated edison.
assistant