Extreme environmental phenomena are part of natural variability. Yet, anthropogenic activities are expected to intensify extreme events, affecting the natural and built environment (e.g., AghaKouchak et al., 2020;Moustakis et al., 2021;Raymond et al., 2020). Extreme events have severe effects on human health, ecology, biodiversity, and economy. For example, globally, from 1980 to 2009, floods caused more than 500,000 deaths and adversely affected more than 2.8 billion people (Doocy et al., 2013). Therefore, analyzing and predicting the behavior of extreme events, especially under climate change, is of great importance. Meanwhile, a clear definition of extreme events does not exist and we typically relate extremes with low exceedance probabilities . However, in the literature, popular methods focus on analyzing