SIGI vs VXX: Correlation
How closely do Selective Insurance Group, Inc. (SIGI) 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 -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SIGI and VXX?
On 3 years of weekly data the SIGI/VXX correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.17 versus -0.30 over 3 years. The 5-year figure is -0.31, and annualized covariance runs at -459.4 %².
Out of 16 assets tracked against SIGI, VXX lands near the bottom at #14. The last year tells two different stories: SIGI led by 68.8 percentage points, +19.1% for SIGI against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.4 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.
SIGI vs VXX: side by side
| SIGI (Selective Insurance Group, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +19.1% | -49.7% |
| 5-year return | +18.8% | -95.6% |
| Volatility (ann.) | 25.4% | 60.9% |
| Beta vs S&P 500 | 0.32 | -3.31 |
| Max drawdown (3Y) | -30.5% | -83.3% |
| Market cap | $5.5B | – |
| P/E (trailing) | 11.5 | – |
| Dividend yield | 1.81% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SIGI | VXX |
|---|---|---|
| 2022 | +9.7% | -23.8% |
| 2023 | +13.7% | -72.5% |
| 2024 | -4.6% | -26.2% |
| 2025 | -8.8% | -42.2% |
| 2026 | +11.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SIGI and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between SIGI and VXX?
The SIGI/VXX correlation stands at -0.30 on a 3-year window (1 year: -0.17, 5 years: -0.31), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SIGI?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
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/sigi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sigi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SIGI correlations · VXX correlations
