Vxx is for stock traders, who believe VIX will eventually drop to a lower level.
Vix is for options traders. High Vix, even though Vxx has not increased as much, increases the costs to Bears. So it still may be not a good outcome for bears,
Vix is for options traders. High Vix, even though Vxx has not increased as much, increases the costs to Bears. So it still may be not a good outcome for bears,