SABS vs WKHS: Correlation
How closely do SAB Biotherapeutics, Inc. (SABS) and Workhorse Group, Inc. (WKHS) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SABS and WKHS?
On 3 years of weekly data the SABS/WKHS correlation comes out at 0.29, weak. Recent behaviour matches the longer record: 0.31 over 1 year against 0.29 over 3. The 5-year figure is 0.23, and annualized covariance runs at 4019.8 %².
By 3-year correlation, WKHS places #5 of the 12 assets tracked against SABS. The last year tells two different stories: SABS led by 166.0 percentage points, +85.4% for SABS against -80.6% for WKHS. One caveat on sizing: WKHS is 1.8 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.
SABS vs WKHS: side by side
| SABS (SAB Biotherapeutics, Inc.) | WKHS (Workhorse Group, Inc.) | |
|---|---|---|
| 1-year return | +85.4% | -80.6% |
| 5-year return | -96.1% | -100.0% |
| Volatility (ann.) | 86.9% | 157.8% |
| Beta vs S&P 500 | 0.67 | 1.44 |
| Max drawdown (3Y) | -89.0% | -99.9% |
| Market cap | $0.4B | – |
| P/E (trailing) | 16.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SABS | WKHS |
|---|---|---|
| 2022 | -92.4% | -65.1% |
| 2023 | +16.6% | -76.3% |
| 2024 | -44.9% | -90.3% |
| 2025 | -1.4% | -95.1% |
| 2026 | +5.1% | -37.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SABS and WKHS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SABS and WKHS?
As of 2026-08-27, the correlation of weekly returns between SABS and WKHS is 0.29 over 3 years, 0.31 over 1 year and 0.23 over 5 years.
Is WKHS a good diversifier for SABS?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/sabs-vs-wkhs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sabs-vs-wkhs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SABS correlations · WKHS correlations
