GOOS vs SBC: Correlation
Measured on weekly returns over the past three years, Canada Goose Holdings Inc. Subordinate Voting Shares (GOOS) and SBC Medical Group Holdings Incorporated (SBC) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOS and SBC?
On 3 years of weekly data the GOOS/SBC correlation comes out at 0.33, moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.33). The 5-year figure is 0.28, and annualized covariance runs at 1227.1 %².
By 3-year correlation, SBC places #7 of the 12 assets tracked against GOOS. The last year tells two different stories: SBC led by 41.0 percentage points, -42.7% for GOOS against -1.7% for SBC. Risk is not evenly split, since SBC carries 1.7 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.
GOOS vs SBC: side by side
| GOOS (Canada Goose Holdings Inc. Subordinate Voting Shares) | SBC (SBC Medical Group Holdings Incorporated) | |
|---|---|---|
| 1-year return | -42.7% | -1.7% |
| 5-year return | -79.0% | n/a |
| Volatility (ann.) | 46.5% | 81.1% |
| Beta vs S&P 500 | 0.88 | 0.56 |
| Max drawdown (3Y) | -57.7% | -82.1% |
| Market cap | $0.8B | $0.4B |
| P/E (trailing) | 18.8 | 8.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOOS | SBC |
|---|---|---|
| 2022 | -51.9% | – |
| 2023 | -33.5% | +5.6% |
| 2024 | -15.4% | -48.4% |
| 2025 | +29.1% | -22.5% |
| 2026 | -37.5% | -4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOS and SBC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GOOS and SBC?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.13 over the last year and 0.28 over 5 years.
Is SBC a good diversifier for GOOS?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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/goos-vs-sbc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/goos-vs-sbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GOOS correlations · SBC correlations
