Reid Steadman

Managing Director, Global Head of ESG
S&P Dow Jones Indices
Biography

Reid Steadman is Managing Director and Global Head of Environmental, Social & Governance (ESG) at S&P Dow Jones Indices (S&P DJI). Reid is responsible for the design, methodology, strategy, and commercial policy governing all ESG indices at S&P DJI, focusing on providing cutting-edge benchmarks for clients around the globe.

Prior to his current position, Reid served as Deputy Head of Product Management and Head of Global Equity Indices and ETF licensing. Before joining Standard & Poor’s in 2003, Reid worked as an economist for the United States Bureau of Labor Statistics.

Reid holds a bachelor’s in economics from Brigham Young University. He also holds an MBA from Carnegie Mellon University, with emphases in finance and marketing.

Author Archives: Reid Steadman

The Essence of VIX: What You Really Need to Know

What is the essence of VIX? This may seem like an abstract, philosophical question, but I can assure you it is not. It is a practical one, and if you can understand what makes VIX unique, you will know why this index matters so much. Informed investors know that VIX: Employs a wide range of options Read more […]

Tools for Managing Home Price Risk Are Emerging

S&P Dow Jones Indices offers information for hundreds of indices on our website, but two in particular drive a large portion of our traffic: the S&P 500 and the S&P/Case-Shiller Home Price Indices. It’s easy to understand why people would be searching for the S&P 500. By using this popular index and the financial products Read more […]

A VIX for the Energy Sector

As oil prices have fallen, many investors with exposure to energy companies have wisely kept an eye on VIX. But there is another volatility benchmark – one more suited to energy equity investments – which investors should also watch carefully: VXXLE. VXXLE is the ticker for the CBOE Energy Sector ETF Volatility Index. This index has same Read more […]

Fear of Fear Itself Reaches Crisis Levels

Franklin Delano Roosevelt would be disappointed. The US fear index, officially named the CBOE Volatility Index (VIX), has ticked up, averaging 16.4 since the beginning of Q4 2014, compared to 13.5 in the first three quarters of last year. If the story stopped there, we might still be able to look FDR in the eye. Read more […]

The VIX Takes a Hairpin Turn

I have a neighbor who is cooler than me. He is braver than me. He also has more expansive and expensive medical and auto insurance than I do. How do I know all this? Well, he races street motorcycles. The other day I asked him what was the fastest he had ever gone. His answer: Read more […]

VIX: Reverting to the Mode

In the article at this link, Bill Luby – VIX analyst extraordinaire – dispels a misconception I have heard repeated at conferences and in presentations. Very often, people refer to VIX as “mean reverting.” This is not correct in the strictest sense of that phrase. VIX is not inclined to return to its long-term average. Read more […]

VIX – The Enforcer

Your portfolio is like a hockey team.  You don’t think so?  It is.  And VIX plays a key role.  Stay with me while I explain. Equities are your guys playing at center and on the wings.  You expect production from them.  Your team largely lives and dies by how consistently they score.  Bonds are your Read more […]

What’s a Normal VIX Level?

Someone asked me this last week: “What’s a normal or typical VIX level?”  That’s a good question.  Here is the answer: 20.2. And 17.1. And also 13.0. Before I go into why it takes at least three numbers to answer this question, let me remind you that the history of the CBOE Volatility Index (VIX) Read more […]

Where VIX Comes From

At work, I am sometimes asked this simple but challenging question: “Where does VIX come from?”  There is a reason I am asked this – I am our company’s product manager for volatility indices.  But I admit that I have struggled to come up with an approachable way to explain the methodology of the CBOE Read more […]

Turn VIX into information you can use

Most people think of VIX as simply an index.  This makes sense — the “I” in VIX stands for that very word.  But VIX is more useful than your average index.  It could easily be grouped with economic indicators, like the unemployment percentage or new home sales.  Why?  Because the VIX level — not just Read more […]