SIG vs VXX: Correlation
How closely do Signet Jewelers Limited (SIG) 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 -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SIG and VXX?
Across a 3-year window, the weekly returns of SIG and VXX correlate at -0.31, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. Stretching to 5 years gives -0.30, with an annualized covariance of -919.6 %².
Out of 11 assets tracked against SIG, VXX lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with SIG ahead by 38.0 points (-11.7% 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.
SIG vs VXX: side by side
| SIG (Signet Jewelers Limited) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -11.7% | -49.7% |
| 5-year return | +8.4% | -95.6% |
| Volatility (ann.) | 47.9% | 60.9% |
| Beta vs S&P 500 | 1.19 | -3.31 |
| Max drawdown (3Y) | -57.1% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 1.56% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SIG | VXX |
|---|---|---|
| 2022 | -21.0% | -23.8% |
| 2023 | +59.6% | -72.5% |
| 2024 | -23.8% | -26.2% |
| 2025 | +4.1% | -42.2% |
| 2026 | -0.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SIG and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between SIG and VXX?
As of 2026-08-27, the correlation of weekly returns between SIG and VXX is -0.31 over 3 years, -0.24 over 1 year and -0.30 over 5 years.
Is VXX a good diversifier for SIG?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/sig-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sig-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SIG correlations · VXX correlations
