Here's which stocks win when volatility spikes on Wall Street

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Here are the top performing ETFs following spikes in volatility, according to hedge fund analytics tool Kensho.

CNBC used Kensho, a hedge fund analytics tool, to track the top ETF performers the week after the VIX popped above the 15 level in the past 10 years.

The volatility index has breached this key fear level 82 times in the past 10 years and data shows that the utilities ETF performed the best following bursts of economic uncertainty.Michael Nagle | Bloomberg | Getty Imagesso far this month is about 482 points, which is more than double the average daily range from the rest of the year ., a gauge for investor fear, has risen nearly 50% this month but based on past surges in uncertainty this could be a buying opportunity.

Stocks have whipsawed in August on concerns about the trade war between the U.S. and China and global economic uncertainty. On Monday stocks fell on worries and falling yields, followed by a rally in stocks of 300 points on Tuesday when Trump delayed and cancelled tariffs on select items. Just yesterday, the Dow dropped 800 points as investors worried an inverted yield curve means a recession is coming.

CNBC used Kensho, a hedge fund analytics tool, to track the top ETF performers the week after the volatility Index, a measure of the 30-day implied volatility of U.S. stocks also known as the VIX, popped above the 15 level. The VIX has breached this key fear level 82 times in the past 10 years and data showed that the utilities ETF has the biggest returns following bursts of uncertainty.

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