IDXX vs SOC: Correlation
Measured on weekly returns over the past three years, Idexx Laboratories (IDXX) and Sable Offshore Corp. (SOC) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDXX and SOC?
Across a 3-year window, the weekly returns of IDXX and SOC correlate at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.43) than the 3-year average (-0.20). Stretching to 5 years gives -0.13, with an annualized covariance of -615.2 %².
Within IDXX's tracked universe of 35 assets, SOC comes in at #29 by 3-year correlation. The last year tells two different stories: IDXX led by 68.7 percentage points, -14.9% for IDXX against -83.6% for SOC. One caveat on sizing: SOC is 3.3 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.
IDXX vs SOC: side by side
| IDXX (Idexx Laboratories) | SOC (Sable Offshore Corp.) | |
|---|---|---|
| 1-year return | -14.9% | -83.6% |
| 5-year return | -20.7% | -51.7% |
| Volatility (ann.) | 30.9% | 101.7% |
| Beta vs S&P 500 | 1.01 | 0.03 |
| Max drawdown (3Y) | -37.4% | -90.7% |
| Market cap | $42.9B | $0.9B |
| P/E (trailing) | 38.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | IDXX | SOC |
|---|---|---|
| 2022 | -38.0% | +3.4% |
| 2023 | +36.1% | +13.3% |
| 2024 | -25.5% | +101.1% |
| 2025 | +63.6% | -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 IDXX and SOC good diversifiers for each other?
Yes. With a correlation of -0.20, IDXX and SOC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IDXX and SOC?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.43 over the last year and -0.13 over 5 years.
Is SOC a good diversifier for IDXX?
Yes. With a correlation of -0.20, IDXX and SOC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/idxx-vs-soc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/idxx-vs-soc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IDXX correlations · SOC correlations
