The saying "this time it's different" is perhaps the most dangerous on Wall Street. Whether this shibboleth applies to the current markets is the question that Jason Buck, CIO of the Mutiny Fund, and Nancy Davis, CIO of Quadratic Capital Management, explore in this latest edition of Real Vision Live. Buck and Davis analyze historical volatility regimes and explore the value of cross-asset option portfolio construction. Davis discusses her interest rate volatility ETF, IVOL, and she and Buck explore if these ultra-low rates will ever rise again, or if they’re here forever. Filmed on September 30, 2020.