SAMG vs VXZ: Correlation
Silvercrest Asset Management Group Inc. (SAMG) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SAMG and VXZ?
Across a 3-year window, the weekly returns of SAMG and VXZ correlate at -0.43, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.36 over 1 year against -0.43 over 3. Stretching to 5 years gives -0.40, with an annualized covariance of -299.7 %².
Among the 13 assets we track against SAMG, VXZ sits near the bottom by co-movement, at rank #13. The last year tells two different stories: VXZ led by 19.5 percentage points, -35.6% for SAMG against -16.1% for VXZ.
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 VXZ: side by side
| SAMG (Silvercrest Asset Management Group Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -35.6% | -16.1% |
| 5-year return | -20.3% | -53.1% |
| Volatility (ann.) | 27.4% | 25.6% |
| Beta vs S&P 500 | 0.75 | -1.31 |
| Max drawdown (3Y) | -44.1% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 72.3 | – |
| Dividend yield | 4.21% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SAMG | VXZ |
|---|---|---|
| 2022 | +13.6% | +0.5% |
| 2023 | -5.7% | -44.0% |
| 2024 | +13.3% | -12.7% |
| 2025 | -13.0% | +5.7% |
| 2026 | -31.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SAMG and VXZ good diversifiers for each other?
Yes: at -0.43, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SAMG and VXZ?
Using weekly returns as of 2026-08-27: -0.43 over 3 years, with -0.36 over the last year and -0.40 over 5 years.
Is VXZ a good diversifier for SAMG?
Yes: at -0.43, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.43 mean?
On the −1 to +1 scale, -0.43 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/samg-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/samg-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SAMG correlations · VXZ correlations
