KLXE vs SBC: Correlation
Measured on weekly returns over the past three years, KLX Energy Services Holdings, Inc. (KLXE) and SBC Medical Group Holdings Incorporated (SBC) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KLXE and SBC?
Across a 3-year window, the weekly returns of KLXE and SBC correlate at -0.33, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.48) than the 3-year average (-0.33). Stretching to 5 years gives -0.30, with an annualized covariance of -2298.1 %².
Out of 11 assets tracked against KLXE, SBC lands near the bottom at #11. The last year tells two different stories: SBC led by 20.6 percentage points, -22.3% for KLXE against -1.7% for SBC.
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.
KLXE vs SBC: side by side
| KLXE (KLX Energy Services Holdings, Inc.) | SBC (SBC Medical Group Holdings Incorporated) | |
|---|---|---|
| 1-year return | -22.3% | -1.7% |
| 5-year return | -76.5% | n/a |
| Volatility (ann.) | 84.9% | 81.1% |
| Beta vs S&P 500 | 0.89 | 0.56 |
| Max drawdown (3Y) | -88.0% | -82.1% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 8.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KLXE | SBC |
|---|---|---|
| 2022 | +458.4% | – |
| 2023 | -35.0% | +5.6% |
| 2024 | -55.8% | -48.4% |
| 2025 | -62.0% | -22.5% |
| 2026 | -20.6% | -4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KLXE and SBC good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KLXE and SBC?
As of 2026-08-27, the correlation of weekly returns between KLXE and SBC is -0.33 over 3 years, -0.48 over 1 year and -0.30 over 5 years.
Is SBC a good diversifier for KLXE?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 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/klxe-vs-sbc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/klxe-vs-sbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KLXE correlations · SBC correlations
