SGC vs VXZ: Correlation
How closely do Superior Group of Companies, Inc. (SGC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SGC and VXZ?
Over the past 3 years, SGC and VXZ moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. Over 5 years the correlation is -0.32, and the annualized covariance of weekly returns is -331.9 %².
Out of 10 assets tracked against SGC, VXZ lands near the bottom at #9. On 12-month performance SGC holds a 10.9-point edge, -5.2% against -16.1%. Risk is not evenly split, since SGC carries 1.7 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.
SGC vs VXZ: side by side
| SGC (Superior Group of Companies, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -5.2% | -16.1% |
| 5-year return | -35.8% | -53.1% |
| Volatility (ann.) | 44.5% | 25.6% |
| Beta vs S&P 500 | 1.20 | -1.31 |
| Max drawdown (3Y) | -58.1% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | 22.5 | – |
| Dividend yield | 4.52% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SGC | VXZ |
|---|---|---|
| 2022 | -52.4% | +0.5% |
| 2023 | +42.3% | -44.0% |
| 2024 | +26.9% | -12.7% |
| 2025 | -38.4% | +5.7% |
| 2026 | +30.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SGC and VXZ good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SGC and VXZ?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.27 over the last year and -0.32 over 5 years.
Is VXZ a good diversifier for SGC?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 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/sgc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sgc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SGC correlations · VXZ correlations
