SAMG vs VXX: Correlation
Silvercrest Asset Management Group Inc. (SAMG) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SAMG and VXX?
Over the past 3 years, SAMG and VXX moved with a correlation of -0.40, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.24) runs above the 3-year figure (-0.40). Over 5 years the correlation is -0.36, and the annualized covariance of weekly returns is -673.4 %².
Among the 13 assets we track against SAMG, VXX sits near the bottom by co-movement, at rank #12. Over the last 12 months SAMG came out ahead by 14.1 percentage points (-35.6% against -49.7%). One caveat on sizing: VXX is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
SAMG vs VXX: side by side
| SAMG (Silvercrest Asset Management Group Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -35.6% | -49.7% |
| 5-year return | -20.3% | -95.6% |
| Volatility (ann.) | 27.4% | 60.9% |
| Beta vs S&P 500 | 0.75 | -3.31 |
| Max drawdown (3Y) | -44.1% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 72.3 | – |
| Dividend yield | 4.21% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SAMG | VXX |
|---|---|---|
| 2022 | +13.6% | -23.8% |
| 2023 | -5.7% | -72.5% |
| 2024 | +13.3% | -26.2% |
| 2025 | -13.0% | -42.2% |
| 2026 | -31.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SAMG and VXX good diversifiers for each other?
Yes. With a correlation of -0.40, SAMG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SAMG and VXX?
The SAMG/VXX correlation stands at -0.40 on a 3-year window (1 year: -0.24, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SAMG?
Yes. With a correlation of -0.40, SAMG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.40 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/samg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/samg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SAMG correlations · VXX correlations
