Wouldn't inverse Vix be an ETF based on futures contracts? And Vix be the actual calculation of volatility? It seems like comparing apples to oranges in some sense. I look at VIX and VXV indexes now. Short term and long term volatility. When VIX/VXV is greater than 1 the market is being irrational. Here is my chart: https://www.tradingview.com/chart/sg5W5NCk/
As always, thanks for your great videos by you and DailyFX on YouTube. You are one of the best.