LH vs SOC: Correlation
How closely do Labcorp (LH) and Sable Offshore Corp. (SOC) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LH and SOC?
On 3 years of weekly data the LH/SOC correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.18 over 3. The 5-year figure is -0.12, and annualized covariance runs at -387.9 %².
Within LH's tracked universe of 34 assets, SOC comes in at #28 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LH outperformed by 105.4 percentage points (+21.8% for LH against -83.6% for SOC). One caveat on sizing: SOC is 4.8 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.
LH vs SOC: side by side
| LH (Labcorp) | SOC (Sable Offshore Corp.) | |
|---|---|---|
| 1-year return | +21.8% | -83.6% |
| 5-year return | +36.0% | -51.7% |
| Volatility (ann.) | 21.4% | 101.7% |
| Beta vs S&P 500 | 0.33 | 0.03 |
| Max drawdown (3Y) | -17.4% | -90.7% |
| Market cap | $27.3B | $0.9B |
| P/E (trailing) | 27.8 | – |
| Dividend yield | 0.86% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | LH | SOC |
|---|---|---|
| 2022 | -24.4% | +3.4% |
| 2023 | +13.8% | +13.3% |
| 2024 | +2.2% | +101.1% |
| 2025 | +10.6% | -60.6% |
| 2026 | +34.8% | -48.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LH and SOC good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between LH and SOC?
As of 2026-08-27, the correlation of weekly returns between LH and SOC is -0.18 over 3 years, -0.26 over 1 year and -0.12 over 5 years.
Is SOC a good diversifier for LH?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/lh-vs-soc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lh-vs-soc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LH correlations · SOC correlations
