REYN vs SOC: Correlation
How closely do Reynolds Consumer Products Inc. (REYN) and Sable Offshore Corp. (SOC) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REYN and SOC?
On 3 years of weekly data the REYN/SOC correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.50) than the 3-year average (-0.32). The 5-year figure is -0.25, and annualized covariance runs at -692.8 %².
Out of 16 assets tracked against REYN, SOC lands near the bottom at #15. The last year tells two different stories: REYN led by 93.3 percentage points, +9.7% for REYN against -83.6% for SOC. Risk is not evenly split, since SOC carries 4.8 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.
REYN vs SOC: side by side
| REYN (Reynolds Consumer Products Inc.) | SOC (Sable Offshore Corp.) | |
|---|---|---|
| 1-year return | +9.7% | -83.6% |
| 5-year return | +1.4% | -51.7% |
| Volatility (ann.) | 21.1% | 101.7% |
| Beta vs S&P 500 | 0.24 | 0.03 |
| Max drawdown (3Y) | -33.4% | -90.7% |
| Market cap | $5.1B | $0.9B |
| P/E (trailing) | 14.8 | – |
| Dividend yield | 3.74% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | REYN | SOC |
|---|---|---|
| 2022 | -1.5% | +3.4% |
| 2023 | -7.5% | +13.3% |
| 2024 | +3.8% | +101.1% |
| 2025 | -11.7% | -60.6% |
| 2026 | +8.7% | -48.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REYN and SOC good diversifiers for each other?
Yes. With a correlation of -0.32, REYN and SOC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between REYN and SOC?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.50 over the last year and -0.25 over 5 years.
Is SOC a good diversifier for REYN?
Yes. With a correlation of -0.32, REYN and SOC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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/reyn-vs-soc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/reyn-vs-soc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: REYN correlations · SOC correlations
