The Cboe Volatility Index (VIX) has shown a notable decline, with recent values reported at 15.50 and 16.11, indicating a low level of market volatility. The VIX reached a daily range of 1.25, with a low of 16.00 recorded on February 5, 2025. Analysts have noted that the VIX is near its lowest level of the year, with support levels identified at 15.64 and a monthly mean of 15.95. Over the past 20 days, the S&P 500 index has underperformed compared to global risk sentiment signals, with cumulative underperformance of up to 2.98%. This trend suggests a potential disconnect between market volatility as measured by the VIX and the broader equity market performance.