SIG vs VXZ: Correlation
How closely do Signet Jewelers Limited (SIG) 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 -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SIG and VXZ?
On 3 years of weekly data the SIG/VXZ correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.23 over 1 year against -0.31 over 3. The 5-year figure is -0.33, and annualized covariance runs at -374.8 %².
Out of 11 assets tracked against SIG, VXZ lands near the bottom at #11. Neither side won the trailing year by much: -11.7% against -16.1%. Risk is not evenly split, since SIG carries 1.9 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.
SIG vs VXZ: side by side
| SIG (Signet Jewelers Limited) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -11.7% | -16.1% |
| 5-year return | +8.4% | -53.1% |
| Volatility (ann.) | 47.9% | 25.6% |
| Beta vs S&P 500 | 1.19 | -1.31 |
| Max drawdown (3Y) | -57.1% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 1.56% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SIG | VXZ |
|---|---|---|
| 2022 | -21.0% | +0.5% |
| 2023 | +59.6% | -44.0% |
| 2024 | -23.8% | -12.7% |
| 2025 | +4.1% | +5.7% |
| 2026 | -0.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SIG and VXZ 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 VXZ?
As of 2026-08-27, the correlation of weekly returns between SIG and VXZ is -0.31 over 3 years, -0.23 over 1 year and -0.33 over 5 years.
Is VXZ 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sig-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SIG correlations · VXZ correlations
