ELV vs SOC: Correlation
Elevance Health (ELV) 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 ELV and SOC?
On 3 years of weekly data the ELV/SOC correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. The 5-year figure is -0.19, and annualized covariance runs at -708.1 %².
SOC is close to the least connected end of ELV's tracked universe, ranking #26 of 27. Correlation aside, the last 12 months split them widely, with ELV ahead by 115.1 points (+31.5% versus -83.6%). Note the risk asymmetry: SOC runs 3.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ELV vs SOC: side by side
| ELV (Elevance Health) | SOC (Sable Offshore Corp.) | |
|---|---|---|
| 1-year return | +31.5% | -83.6% |
| 5-year return | +15.7% | -51.7% |
| Volatility (ann.) | 28.0% | 101.7% |
| Beta vs S&P 500 | 0.37 | 0.03 |
| Max drawdown (3Y) | -50.4% | -90.7% |
| Market cap | $86.6B | $0.9B |
| P/E (trailing) | 17.8 | – |
| Dividend yield | 1.70% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ELV | SOC |
|---|---|---|
| 2022 | +11.8% | +3.4% |
| 2023 | -6.9% | +13.3% |
| 2024 | -20.7% | +101.1% |
| 2025 | -3.1% | -60.6% |
| 2026 | +15.0% | -48.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELV and SOC good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between ELV and SOC?
As of 2026-08-27, the correlation of weekly returns between ELV and SOC is -0.25 over 3 years, -0.24 over 1 year and -0.19 over 5 years.
Is SOC a good diversifier for ELV?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/elv-vs-soc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/elv-vs-soc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ELV correlations · SOC correlations
