HSIC vs SOC: Correlation
How closely do Henry Schein (HSIC) and Sable Offshore Corp. (SOC) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HSIC and SOC?
On 3 years of weekly data the HSIC/SOC correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.38) runs below the 3-year figure (-0.17). The 5-year figure is -0.13, and annualized covariance runs at -440.1 %².
Within HSIC's tracked universe of 34 assets, SOC comes in at #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HSIC outperformed by 114.5 percentage points (+30.9% for HSIC against -83.6% for SOC). One caveat on sizing: SOC is 4.0 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.
HSIC vs SOC: side by side
| HSIC (Henry Schein) | SOC (Sable Offshore Corp.) | |
|---|---|---|
| 1-year return | +30.9% | -83.6% |
| 5-year return | +20.1% | -51.7% |
| Volatility (ann.) | 25.2% | 101.7% |
| Beta vs S&P 500 | 0.33 | 0.03 |
| Max drawdown (3Y) | -24.3% | -90.7% |
| Market cap | $10.1B | $0.9B |
| P/E (trailing) | 26.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | HSIC | SOC |
|---|---|---|
| 2022 | +3.0% | +3.4% |
| 2023 | -5.2% | +13.3% |
| 2024 | -8.6% | +101.1% |
| 2025 | +9.2% | -60.6% |
| 2026 | +19.4% | -48.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HSIC and SOC good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between HSIC and SOC?
As of 2026-08-27, the correlation of weekly returns between HSIC and SOC is -0.17 over 3 years, -0.38 over 1 year and -0.13 over 5 years.
Is SOC a good diversifier for HSIC?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 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/hsic-vs-soc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hsic-vs-soc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HSIC correlations · SOC correlations
