SGHC vs VXX: Correlation
How closely do Super Group (SGHC) Limited (SGHC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SGHC and VXX?
Across a 3-year window, the weekly returns of SGHC and VXX correlate at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.00) than the 3-year average (-0.27). Stretching to 5 years gives -0.20, with an annualized covariance of -822.5 %².
Out of 10 assets tracked against SGHC, VXX lands near the bottom at #9. The last year tells two different stories: SGHC led by 64.6 percentage points, +14.9% for SGHC against -49.7% for VXX.
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.
SGHC vs VXX: side by side
| SGHC (Super Group (SGHC) Limited) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +14.9% | -49.7% |
| 5-year return | +49.1% | -95.6% |
| Volatility (ann.) | 49.2% | 60.9% |
| Beta vs S&P 500 | 1.19 | -3.31 |
| Max drawdown (3Y) | -39.5% | -83.3% |
| Market cap | $7.0B | – |
| P/E (trailing) | 19.2 | – |
| Dividend yield | 1.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SGHC | VXX |
|---|---|---|
| 2022 | -69.8% | -23.8% |
| 2023 | +5.7% | -72.5% |
| 2024 | +107.7% | -26.2% |
| 2025 | +93.7% | -42.2% |
| 2026 | +16.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SGHC and VXX good diversifiers for each other?
Yes. With a correlation of -0.27, SGHC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SGHC and VXX?
The SGHC/VXX correlation stands at -0.27 on a 3-year window (1 year: 0.00, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SGHC?
Yes. With a correlation of -0.27, SGHC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 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/sghc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sghc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SGHC correlations · VXX correlations
