MTD vs SOC: Correlation
Measured on weekly returns over the past three years, Mettler Toledo (MTD) and Sable Offshore Corp. (SOC) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTD and SOC?
On 3 years of weekly data the MTD/SOC correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.16). The 5-year figure is -0.12, and annualized covariance runs at -518.8 %².
By 3-year correlation, SOC places #30 of the 38 assets tracked against MTD. Correlation aside, the last 12 months split them widely, with MTD ahead by 93.1 points (+9.5% versus -83.6%). Risk is not evenly split, since SOC carries 3.2 times the volatility of the other side.
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.
MTD vs SOC: side by side
| MTD (Mettler Toledo) | SOC (Sable Offshore Corp.) | |
|---|---|---|
| 1-year return | +9.5% | -83.6% |
| 5-year return | -11.4% | -51.7% |
| Volatility (ann.) | 31.4% | 101.7% |
| Beta vs S&P 500 | 1.00 | 0.03 |
| Max drawdown (3Y) | -36.6% | -90.7% |
| Market cap | $28.2B | $0.9B |
| P/E (trailing) | 31.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | MTD | SOC |
|---|---|---|
| 2022 | -14.8% | +3.4% |
| 2023 | -16.1% | +13.3% |
| 2024 | +0.9% | +101.1% |
| 2025 | +13.9% | -60.6% |
| 2026 | +0.9% | -48.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTD and SOC good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MTD and SOC?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.36 over the last year and -0.12 over 5 years.
Is SOC a good diversifier for MTD?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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/mtd-vs-soc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mtd-vs-soc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MTD correlations · SOC correlations
