SG vs VXX: Correlation
Sweetgreen, Inc. (SG) 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 -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SG and VXX?
Over the past 3 years, SG and VXX moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.34 lands near the 3-year figure. Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -1317.2 %².
VXX is close to the least connected end of SG's tracked universe, ranking #10 of 11. Correlation aside, the last 12 months split them widely, with SG ahead by 24.8 points (-24.9% 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.
SG vs VXX: side by side
| SG (Sweetgreen, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -24.9% | -49.7% |
| 5-year return | -86.3% | -95.6% |
| Volatility (ann.) | 79.8% | 60.9% |
| Beta vs S&P 500 | 1.83 | -3.31 |
| Max drawdown (3Y) | -89.3% | -83.3% |
| Market cap | $0.8B | – |
| P/E (trailing) | 75.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SG | VXX |
|---|---|---|
| 2022 | -73.2% | -23.8% |
| 2023 | +31.9% | -72.5% |
| 2024 | +183.7% | -26.2% |
| 2025 | -78.9% | -42.2% |
| 2026 | +0.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SG and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between SG and VXX?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.34 over the last year and -0.29 over 5 years.
Is VXX a good diversifier for SG?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/sg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SG correlations · VXX correlations
