SGLY vs VVR: Correlation
How closely do Singularity Future Technology Ltd. (SGLY) and Invesco Senior Income Trust (VVR) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SGLY and VVR?
Over the past 3 years, SGLY and VVR moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.06) than the 3-year average (-0.26). Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -575.4 %².
Out of 11 assets tracked against SGLY, VVR lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months VVR outperformed by 78.6 percentage points (-86.9% for SGLY against -8.3% for VVR). One caveat on sizing: SGLY is 9.8 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.
SGLY vs VVR: side by side
| SGLY (Singularity Future Technology Ltd.) | VVR (Invesco Senior Income Trust) | |
|---|---|---|
| 1-year return | -86.9% | -8.3% |
| 5-year return | -99.5% | +22.0% |
| Volatility (ann.) | 146.7% | 15.0% |
| Beta vs S&P 500 | 1.68 | 0.32 |
| Max drawdown (3Y) | -98.0% | -19.5% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 32.3 |
| Dividend yield | 0.00% | 15.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SGLY | VVR |
|---|---|---|
| 2022 | -91.2% | -1.1% |
| 2023 | +28.6% | +20.9% |
| 2024 | -70.0% | +9.0% |
| 2025 | -60.5% | -6.2% |
| 2026 | -77.3% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SGLY and VVR good diversifiers for each other?
Yes. With a correlation of -0.26, SGLY and VVR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SGLY and VVR?
The SGLY/VVR correlation stands at -0.26 on a 3-year window (1 year: 0.06, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is VVR a good diversifier for SGLY?
Yes. With a correlation of -0.26, SGLY and VVR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/sgly-vs-vvr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sgly-vs-vvr/)
The core API is free. Terms and every endpoint in the API documentation.
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Hubs: SGLY correlations · VVR correlations
