HGTY vs SOC: Correlation
Measured on weekly returns over the past three years, Hagerty, Inc. (HGTY) and Sable Offshore Corp. (SOC) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HGTY and SOC?
Over the past 3 years, HGTY and SOC moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.53 versus -0.31 over 3 years. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -931.9 %².
Out of 11 assets tracked against HGTY, SOC lands near the bottom at #10. The last year tells two different stories: HGTY led by 103.2 percentage points, +19.6% for HGTY against -83.6% for SOC. Note the risk asymmetry: SOC runs 3.4 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.
HGTY vs SOC: side by side
| HGTY (Hagerty, Inc.) | SOC (Sable Offshore Corp.) | |
|---|---|---|
| 1-year return | +19.6% | -83.6% |
| 5-year return | +32.9% | -51.7% |
| Volatility (ann.) | 29.7% | 101.7% |
| Beta vs S&P 500 | 0.63 | 0.03 |
| Max drawdown (3Y) | -31.1% | -90.7% |
| Market cap | $4.6B | $0.9B |
| P/E (trailing) | 102.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HGTY | SOC |
|---|---|---|
| 2022 | -40.7% | +3.4% |
| 2023 | -7.3% | +13.3% |
| 2024 | +23.7% | +101.1% |
| 2025 | +39.3% | -60.6% |
| 2026 | -0.9% | -48.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HGTY and SOC good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HGTY and SOC?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.53 over the last year and -0.16 over 5 years.
Is SOC a good diversifier for HGTY?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hgty-vs-soc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hgty-vs-soc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HGTY correlations · SOC correlations
