COLL vs SOC: Correlation
How closely do Collegium Pharmaceutical, Inc. (COLL) and Sable Offshore Corp. (SOC) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLL and SOC?
On 3 years of weekly data the COLL/SOC correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.49) runs below the 3-year figure (-0.26). The 5-year figure is -0.19, and annualized covariance runs at -1000.9 %².
Among the 15 assets we track against COLL, SOC sits near the bottom by co-movement, at rank #15. The last year tells two different stories: COLL led by 51.8 percentage points, -31.8% for COLL against -83.6% for SOC. One caveat on sizing: SOC is 2.7 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.
COLL vs SOC: side by side
| COLL (Collegium Pharmaceutical, Inc.) | SOC (Sable Offshore Corp.) | |
|---|---|---|
| 1-year return | -31.8% | -83.6% |
| 5-year return | +30.2% | -51.7% |
| Volatility (ann.) | 38.1% | 101.7% |
| Beta vs S&P 500 | 0.41 | 0.03 |
| Max drawdown (3Y) | -48.4% | -90.7% |
| Market cap | $0.8B | $0.9B |
| P/E (trailing) | 20.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLL | SOC |
|---|---|---|
| 2022 | +24.2% | +3.4% |
| 2023 | +32.7% | +13.3% |
| 2024 | -6.9% | +101.1% |
| 2025 | +61.6% | -60.6% |
| 2026 | -42.9% | -48.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLL and SOC good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between COLL and SOC?
The COLL/SOC correlation stands at -0.26 on a 3-year window (1 year: -0.49, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is SOC a good diversifier for COLL?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/coll-vs-soc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/coll-vs-soc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COLL correlations · SOC correlations
