ABX vs SGI: Correlation
Abacus Global Management, Inc. (ABX) and Somnigroup International Inc. (SGI) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABX and SGI?
On 3 years of weekly data the ABX/SGI correlation comes out at 0.33, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. The 5-year figure is 0.20, and annualized covariance runs at 608.2 %².
Within ABX's tracked universe of 10 assets, SGI comes in at #4 by 3-year correlation. The last year tells two different stories: ABX led by 72.0 percentage points, +46.6% for ABX against -25.4% for SGI. Note the risk asymmetry: ABX runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SGI: side by side
| ABX (Abacus Global Management, Inc.) | SGI (Somnigroup International Inc.) | |
|---|---|---|
| 1-year return | +46.6% | -25.4% |
| 5-year return | +3.8% | +44.9% |
| Volatility (ann.) | 54.5% | 33.8% |
| Beta vs S&P 500 | 0.66 | 1.02 |
| Max drawdown (3Y) | -62.8% | -37.1% |
| Market cap | $1.0B | $13.1B |
| P/E (trailing) | 36.4 | 24.8 |
| Dividend yield | 2.04% | 1.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABX | SGI |
|---|---|---|
| 2022 | +2.9% | -26.0% |
| 2023 | -4.9% | +50.1% |
| 2024 | -18.9% | +12.3% |
| 2025 | +12.6% | +58.8% |
| 2026 | +15.0% | -29.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABX and SGI good diversifiers for each other?
Reasonably. At 0.33, ABX and SGI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABX and SGI?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.42 over the last year and 0.20 over 5 years.
Is SGI a good diversifier for ABX?
Reasonably. At 0.33, ABX and SGI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ABX correlations · SGI correlations
