Most of the systems that I use currently or have used in the past are inversely correlated with VIX -- if vix goes down, my systems do much better then the benchmark on that day -- sometimes a combination of 10 systems give an excess return of more than 1%. When the VIX goes up, the systems in aggregate underperform. So, all the systems seem to be high beta and indirectly correlated with Vix. My question is: Has anyone come across a broader philosophy, a strategy or systems that outperforms when the VIX is rising. Thanks.