ABX vs SBGI: Correlation
How closely do Abacus Global Management, Inc. (ABX) and Sinclair, Inc. (SBGI) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABX and SBGI?
Over the past 3 years, ABX and SBGI moved with a correlation of 0.33, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.61 versus 0.33 over 3 years. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 1050.5 %².
SBGI is one of the assets that tracks ABX most closely: it ranks #3 out of the 10 assets we track against ABX. Correlation aside, the last 12 months split them widely, with ABX ahead by 43.4 points (+46.6% versus +3.2%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ABX vs SBGI: side by side
| ABX (Abacus Global Management, Inc.) | SBGI (Sinclair, Inc.) | |
|---|---|---|
| 1-year return | +46.6% | +3.2% |
| 5-year return | +3.8% | -37.1% |
| Volatility (ann.) | 54.5% | 57.6% |
| Beta vs S&P 500 | 0.66 | 0.91 |
| Max drawdown (3Y) | -62.8% | -33.1% |
| Market cap | $1.0B | $1.0B |
| P/E (trailing) | 36.4 | 18.2 |
| Dividend yield | 2.04% | 6.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABX | SBGI |
|---|---|---|
| 2022 | +2.9% | -38.7% |
| 2023 | -4.9% | -9.8% |
| 2024 | -18.9% | +32.6% |
| 2025 | +12.6% | +1.5% |
| 2026 | +15.0% | -5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABX and SBGI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABX and SBGI?
As of 2026-08-27, the correlation of weekly returns between ABX and SBGI is 0.33 over 3 years, 0.61 over 1 year and 0.23 over 5 years.
Is SBGI a good diversifier for ABX?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abx-vs-sbgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abx-vs-sbgi/)
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Related comparisons
Hubs: ABX correlations · SBGI correlations
