AMCR vs SOC: Correlation
Amcor (AMCR) and Sable Offshore Corp. (SOC) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCR and SOC?
Over the past 3 years, AMCR and SOC moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.44 versus -0.25 over 3 years. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -629.1 %².
Out of 36 assets tracked against AMCR, SOC lands near the bottom at #33. Their recent paths diverged sharply: over the last 12 months AMCR outperformed by 96.2 percentage points (+12.6% for AMCR against -83.6% for SOC). One caveat on sizing: SOC is 4.2 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.
AMCR vs SOC: side by side
| AMCR (Amcor) | SOC (Sable Offshore Corp.) | |
|---|---|---|
| 1-year return | +12.6% | -83.6% |
| 5-year return | -9.8% | -51.7% |
| Volatility (ann.) | 24.5% | 101.7% |
| Beta vs S&P 500 | 0.46 | 0.03 |
| Max drawdown (3Y) | -32.0% | -90.7% |
| Market cap | $21.5B | $0.9B |
| P/E (trailing) | 19.8 | – |
| Dividend yield | 5.51% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | AMCR | SOC |
|---|---|---|
| 2022 | +3.2% | +3.4% |
| 2023 | -15.0% | +13.3% |
| 2024 | +2.6% | +101.1% |
| 2025 | -9.0% | -60.6% |
| 2026 | +14.9% | -48.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCR and SOC good diversifiers for each other?
Yes. With a correlation of -0.25, AMCR and SOC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMCR and SOC?
As of 2026-08-27, the correlation of weekly returns between AMCR and SOC is -0.25 over 3 years, -0.44 over 1 year and -0.20 over 5 years.
Is SOC a good diversifier for AMCR?
Yes. With a correlation of -0.25, AMCR and SOC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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/amcr-vs-soc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amcr-vs-soc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMCR correlations · SOC correlations
