Are you talking in terms of USD value or BTC value? Its price in BTC is meant to inversely correlate with BTC's USD value.

I meant it's movements, with respect to the dollar, correlate proportionally with bitcoin's movements with respect to the dollar. As bitcoin rose, SBD lost it's peg and rose above the dollar. Then, as bitcoin traced back, SBD started falling back towards it's expected value.

I guess the peg from below is a lot stronger than the peg from above, that does make me feel better about it.