(This story is for CNBC Pro subscribers only.) The Dow Jones Industrial Average tanked more than 1,000 points on Monday as the number of coronavirus cases outside China spiked, raising fears of a global economic slowdown from the spreading deadly virus. If you believe the market drop is going to get worse before it gets better, there are places that historically have been good hideouts. The S & P 500 and Nasdaq 100 fell 3.35% and %, respectively. The major moves down on Monday were caused by the virus' presence in countries like South Korea and Italy, which reported a spike in confirmed cases in recent days. Alongside the suffering markets, the Cboe Volatility Index, a gauge for investor fear, jumped more than 7 points above the 24 level on Monday. CNBC screened for the best places to hide out when volatility spikes. CNBC used Kensho, a hedge fund analytics tool, to track the top exchange-traded fund performers when the VIX, which measures the 30-day implied volatility of U.S. stocks, popped 5 points or more in a single month. The iShares Gold Trust ETF ( IAU ) and the SPDR Gold Shares ETF ( GLD ) are the best performing ETFs during months when volatility spikes, trading positive 65% of the time and returning an average of 2.6% if you buy when the VIX starts to move and sell one month later. Gold prices surged more than 2.5% to a more than seven-year high on Monday. Gold is seen as a store of value during times of a economic uncertainty. As a proxy for bonds in times of uncertainty, the iShares 20+ year Treasury Bond ETF ( TLT ) and the Vanguard Total Bond Market ETF ( BND ) are also strong performers following a spike in volatility, with an average 2.45% and 0.65% return, respectively. Treasury yields plunged Monday as more investors are bought bonds. The yield on the benchmark 10-year Treasury note , which moves inversely to price, was sharply lower at 1.3839%, while the yield on the 30-year Treasury bond plummeted to a new all time low of 1.8321%. The iShares Silver ETF ( SLV ) earns an average of 0.86% when the VIX pops and has the highest probability of trading positive of all the listed ETFs. Mirroring gold's gains, silver prices rose 2% on Monday. CNBC also used Kensho to screen which sectors perform the best when the VIX jumps 5 or more points. If investors buy the S & P 500 when the VIX starts to move and sold one month after, the average return is negative 4.01%. Consumer staples, utilities and health care are the best sectors to hide out in, with the highest likelihood of beating the market. However, historical data shows that these sectors still lose investors money. Health care, utilities and consumer staples stocks perform well when volatility spikes because they are defensive stocks, and less tied to the economic cycle. Consumer staples on average drop 1.54% and trade positive 39% of the time after the VIX spikes 5 points. Heath-care stocks typically fall 2.95%, which still beats the overall market. Utilities usually drop just about 2% following a spike in volatility. Utilities are generally more stable stocks because demand for electricity and gas is a steady consumer and business need.
