FATE vs SOBR: Correlation
Measured on weekly returns over the past three years, Fate Therapeutics, Inc. (FATE) and SOBR Safe, Inc. (SOBR) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FATE and SOBR?
Across a 3-year window, the weekly returns of FATE and SOBR correlate at 0.34, moderate. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. Stretching to 5 years gives 0.25, with an annualized covariance of 6049.6 %².
SOBR is close to the least connected end of FATE's tracked universe, ranking #17 of 21. Their recent paths diverged sharply: over the last 12 months FATE outperformed by 212.9 percentage points (+126.8% for FATE against -86.1% for SOBR).
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.
FATE vs SOBR: side by side
| FATE (Fate Therapeutics, Inc.) | SOBR (SOBR Safe, Inc.) | |
|---|---|---|
| 1-year return | +126.8% | -86.1% |
| 5-year return | -96.5% | -100.0% |
| Volatility (ann.) | 110.8% | 159.6% |
| Beta vs S&P 500 | 2.88 | 1.65 |
| Max drawdown (3Y) | -91.9% | -100.0% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FATE | SOBR |
|---|---|---|
| 2022 | -82.8% | -89.3% |
| 2023 | -62.9% | -52.5% |
| 2024 | -55.9% | -97.7% |
| 2025 | -40.6% | -81.6% |
| 2026 | +159.2% | -77.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FATE and SOBR good diversifiers for each other?
Reasonably. At 0.34, FATE and SOBR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FATE and SOBR?
The FATE/SOBR correlation stands at 0.34 on a 3-year window (1 year: 0.28, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is SOBR a good diversifier for FATE?
Reasonably. At 0.34, FATE and SOBR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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.
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Related comparisons
Hubs: FATE correlations · SOBR correlations
