When the VIX, the market's fear gauge, is spiking here are the few trades that work

Traders work on the floor of the New York Stock Exchange.
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As the CBOE Volatility index climbed above the key 20 level briefly Tuesday on rising election uncertainty, what's the best trade if it keeps moving higher over the next week?

CBOE VIX index, 1-day

Using hedge fund analytics tool Kensho, CNBC PRO analyzed the more than 60 occasions in the last decade when the so-called fear gauge jumped 5 points in five days to see which ETF securities did well.

Theoretically, these ETFs should work in the lead-up to the presidential election if the VIX goes from 20 to 25.