SBGI vs VXX: Correlation
Measured on weekly returns over the past three years, Sinclair, Inc. (SBGI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBGI and VXX?
Across a 3-year window, the weekly returns of SBGI and VXX correlate at -0.30, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.30 over 3. Stretching to 5 years gives -0.26, with an annualized covariance of -1035.9 %².
VXX is close to the least connected end of SBGI's tracked universe, ranking #10 of 11. Correlation aside, the last 12 months split them widely, with SBGI ahead by 52.9 points (+3.2% versus -49.7%).
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.
SBGI vs VXX: side by side
| SBGI (Sinclair, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +3.2% | -49.7% |
| 5-year return | -37.1% | -95.6% |
| Volatility (ann.) | 57.6% | 60.9% |
| Beta vs S&P 500 | 0.91 | -3.31 |
| Max drawdown (3Y) | -33.1% | -83.3% |
| Market cap | $1.0B | – |
| P/E (trailing) | 18.2 | – |
| Dividend yield | 6.98% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SBGI | VXX |
|---|---|---|
| 2022 | -38.7% | -23.8% |
| 2023 | -9.8% | -72.5% |
| 2024 | +32.6% | -26.2% |
| 2025 | +1.5% | -42.2% |
| 2026 | -5.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBGI and VXX good diversifiers for each other?
Yes. With a correlation of -0.30, SBGI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SBGI and VXX?
As of 2026-08-27, the correlation of weekly returns between SBGI and VXX is -0.30 over 3 years, -0.22 over 1 year and -0.26 over 5 years.
Is VXX a good diversifier for SBGI?
Yes. With a correlation of -0.30, SBGI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
A reading of -0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sbgi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sbgi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: SBGI correlations · VXX correlations
