ICUI vs SOC: Correlation
How closely do ICU Medical, Inc. (ICUI) and Sable Offshore Corp. (SOC) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ICUI and SOC?
Over the past 3 years, ICUI and SOC moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.48) than the 3-year average (-0.24). Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -946.5 %².
SOC is close to the least connected end of ICUI's tracked universe, ranking #14 of 16. Their recent paths diverged sharply: over the last 12 months ICUI outperformed by 121.9 percentage points (+38.3% for ICUI against -83.6% for SOC). One caveat on sizing: SOC is 2.6 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.
ICUI vs SOC: side by side
| ICUI (ICU Medical, Inc.) | SOC (Sable Offshore Corp.) | |
|---|---|---|
| 1-year return | +38.3% | -83.6% |
| 5-year return | -12.5% | -51.7% |
| Volatility (ann.) | 39.5% | 101.7% |
| Beta vs S&P 500 | 0.84 | 0.03 |
| Max drawdown (3Y) | -45.1% | -90.7% |
| Market cap | $4.4B | $0.9B |
| P/E (trailing) | 150.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ICUI | SOC |
|---|---|---|
| 2022 | -33.6% | +3.4% |
| 2023 | -36.7% | +13.3% |
| 2024 | +55.6% | +101.1% |
| 2025 | -8.1% | -60.6% |
| 2026 | +22.7% | -48.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICUI and SOC good diversifiers for each other?
Yes. With a correlation of -0.24, ICUI and SOC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ICUI and SOC?
As of 2026-08-27, the correlation of weekly returns between ICUI and SOC is -0.24 over 3 years, -0.48 over 1 year and -0.18 over 5 years.
Is SOC a good diversifier for ICUI?
Yes. With a correlation of -0.24, ICUI and SOC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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/icui-vs-soc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/icui-vs-soc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ICUI correlations · SOC correlations
