SGHT vs VXX: Correlation
Sight Sciences, Inc. (SGHT) 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 -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SGHT and VXX?
On 3 years of weekly data the SGHT/VXX correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.30 over 3. The 5-year figure is -0.24, and annualized covariance runs at -1752.0 %².
Out of 10 assets tracked against SGHT, VXX lands near the bottom at #10. The last year tells two different stories: SGHT led by 148.5 percentage points, +98.8% for SGHT against -49.7% for VXX. One caveat on sizing: SGHT is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
SGHT vs VXX: side by side
| SGHT (Sight Sciences, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +98.8% | -49.7% |
| 5-year return | -73.7% | -95.6% |
| Volatility (ann.) | 96.0% | 60.9% |
| Beta vs S&P 500 | 2.34 | -3.31 |
| Max drawdown (3Y) | -81.1% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SGHT | VXX |
|---|---|---|
| 2022 | -30.5% | -23.8% |
| 2023 | -57.7% | -72.5% |
| 2024 | -29.5% | -26.2% |
| 2025 | +117.9% | -42.2% |
| 2026 | +6.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SGHT and VXX good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SGHT and VXX?
As of 2026-08-27, the correlation of weekly returns between SGHT and VXX is -0.30 over 3 years, -0.29 over 1 year and -0.24 over 5 years.
Is VXX a good diversifier for SGHT?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 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/sght-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sght-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SGHT correlations · VXX correlations
