AVX vs SBFG: Correlation
Avax One Technology Ltd. (AVX) and SB Financial Group, Inc. (SBFG) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVX and SBFG?
Over the past 3 years, AVX and SBFG moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.30) than the 3-year average (-0.19). Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -674.4 %².
SBFG is close to the least connected end of AVX's tracked universe, ranking #10 of 12. Correlation aside, the last 12 months split them widely, with SBFG ahead by 123.3 points (-88.1% versus +35.2%). Risk is not evenly split, since AVX carries 4.0 times the volatility of the other side.
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.
AVX vs SBFG: side by side
| AVX (Avax One Technology Ltd.) | SBFG (SB Financial Group, Inc.) | |
|---|---|---|
| 1-year return | -88.1% | +35.2% |
| 5-year return | -100.0% | +88.6% |
| Volatility (ann.) | 119.5% | 29.8% |
| Beta vs S&P 500 | 1.28 | 0.34 |
| Max drawdown (3Y) | -100.0% | -27.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | 0.0 | 10.3 |
| Dividend yield | 0.00% | 2.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVX | SBFG |
|---|---|---|
| 2022 | -45.7% | -7.0% |
| 2023 | -99.2% | -5.9% |
| 2024 | -95.0% | +41.1% |
| 2025 | -92.9% | +9.5% |
| 2026 | -80.7% | +27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVX and SBFG good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AVX and SBFG?
The AVX/SBFG correlation stands at -0.19 on a 3-year window (1 year: -0.30, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is SBFG a good diversifier for AVX?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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
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Related comparisons
Hubs: AVX correlations · SBFG correlations
