INCY vs SOC: Correlation
Measured on weekly returns over the past three years, Incyte (INCY) 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 INCY and SOC?
On 3 years of weekly data the INCY/SOC correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.40) than the 3-year average (-0.20). The 5-year figure is -0.16, and annualized covariance runs at -677.1 %².
SOC is close to the least connected end of INCY's tracked universe, ranking #31 of 35. Correlation aside, the last 12 months split them widely, with INCY ahead by 134.2 points (+50.6% 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.
INCY vs SOC: side by side
| INCY (Incyte) | SOC (Sable Offshore Corp.) | |
|---|---|---|
| 1-year return | +50.6% | -83.6% |
| 5-year return | +68.0% | -51.7% |
| Volatility (ann.) | 33.1% | 101.7% |
| Beta vs S&P 500 | 0.45 | 0.03 |
| Max drawdown (3Y) | -33.8% | -90.7% |
| Market cap | $25.9B | $0.9B |
| P/E (trailing) | 16.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | INCY | SOC |
|---|---|---|
| 2022 | +9.4% | +3.4% |
| 2023 | -21.8% | +13.3% |
| 2024 | +10.0% | +101.1% |
| 2025 | +43.0% | -60.6% |
| 2026 | +29.3% | -48.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INCY and SOC good diversifiers for each other?
Yes. With a correlation of -0.20, INCY and SOC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INCY and SOC?
As of 2026-08-27, the correlation of weekly returns between INCY and SOC is -0.20 over 3 years, -0.40 over 1 year and -0.16 over 5 years.
Is SOC a good diversifier for INCY?
Yes. With a correlation of -0.20, INCY 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/incy-vs-soc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/incy-vs-soc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INCY correlations · SOC correlations
