HRZN vs SOC: Correlation
Measured on weekly returns over the past three years, Horizon Technology Finance Corporation (HRZN) and Sable Offshore Corp. (SOC) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRZN and SOC?
On 3 years of weekly data the HRZN/SOC correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.51 versus -0.28 over 3 years. The 5-year figure is -0.22, and annualized covariance runs at -921.2 %².
By 3-year correlation, SOC places #10 of the 16 assets tracked against HRZN. Correlation aside, the last 12 months split them widely, with HRZN ahead by 69.0 points (-14.6% versus -83.6%). One caveat on sizing: SOC is 3.1 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.
HRZN vs SOC: side by side
| HRZN (Horizon Technology Finance Corporation) | SOC (Sable Offshore Corp.) | |
|---|---|---|
| 1-year return | -14.6% | -83.6% |
| 5-year return | -44.7% | -51.7% |
| Volatility (ann.) | 32.9% | 101.7% |
| Beta vs S&P 500 | 0.55 | 0.03 |
| Max drawdown (3Y) | -59.4% | -90.7% |
| Market cap | $0.3B | $0.9B |
| P/E (trailing) | 13.0 | – |
| Dividend yield | 23.38% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HRZN | SOC |
|---|---|---|
| 2022 | -19.7% | +3.4% |
| 2023 | +27.0% | +13.3% |
| 2024 | -22.9% | +101.1% |
| 2025 | -14.4% | -60.6% |
| 2026 | -14.7% | -48.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRZN and SOC good diversifiers for each other?
Yes. With a correlation of -0.28, HRZN and SOC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HRZN and SOC?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.51 over the last year and -0.22 over 5 years.
Is SOC a good diversifier for HRZN?
Yes. With a correlation of -0.28, HRZN and SOC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
A reading of -0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hrzn-vs-soc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hrzn-vs-soc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HRZN correlations · SOC correlations
