BHV vs SOC: Correlation
Measured on weekly returns over the past three years, BlackRock Virginia Municipal Bond Trust (BHV) and Sable Offshore Corp. (SOC) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHV and SOC?
Across a 3-year window, the weekly returns of BHV and SOC correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.23). Stretching to 5 years gives -0.11, with an annualized covariance of -294.9 %².
Among the 10 assets we track against BHV, SOC sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months BHV outperformed by 115.1 percentage points (+31.5% for BHV against -83.6% for SOC). Risk is not evenly split, since SOC carries 8.1 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.
BHV vs SOC: side by side
| BHV (BlackRock Virginia Municipal Bond Trust) | SOC (Sable Offshore Corp.) | |
|---|---|---|
| 1-year return | +31.5% | -83.6% |
| 5-year return | -16.7% | -51.7% |
| Volatility (ann.) | 12.5% | 101.7% |
| Beta vs S&P 500 | 0.20 | 0.03 |
| Max drawdown (3Y) | -11.5% | -90.7% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 4.82% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHV | SOC |
|---|---|---|
| 2022 | -36.1% | +3.4% |
| 2023 | -1.0% | +13.3% |
| 2024 | +6.0% | +101.1% |
| 2025 | +0.8% | -60.6% |
| 2026 | +24.4% | -48.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHV and SOC good diversifiers for each other?
Yes. With a correlation of -0.23, BHV and SOC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BHV and SOC?
The BHV/SOC correlation stands at -0.23 on a 3-year window (1 year: -0.35, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is SOC a good diversifier for BHV?
Yes. With a correlation of -0.23, BHV and SOC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/bhv-vs-soc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bhv-vs-soc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BHV correlations · SOC correlations
