Explanation in comments section?

"For every study that says the VIX tells us anything, there are 10 that show it's virtually worthless.

It's based on the next month's index options which are a combination of expectations of gain and covered calls that are made to protect gains that have been already made - NOT based on what the market is expected to do."

https://finance.yahoo.com/video/vix-...211921506.html