SBRA vs SLNG: Correlation
Measured on weekly returns over the past three years, Sabra Health Care REIT, Inc. (SBRA) and Stabilis Solutions, Inc. (SLNG) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBRA and SLNG?
Over the past 3 years, SBRA and SLNG moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.22 over 3. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -314.9 %².
SLNG is close to the least connected end of SBRA's tracked universe, ranking #9 of 11. Their recent paths diverged sharply: over the last 12 months SLNG outperformed by 31.4 percentage points (+12.1% for SBRA against +43.5% for SLNG). Note the risk asymmetry: SLNG runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SBRA vs SLNG: side by side
| SBRA (Sabra Health Care REIT, Inc.) | SLNG (Stabilis Solutions, Inc.) | |
|---|---|---|
| 1-year return | +12.1% | +43.5% |
| 5-year return | +92.8% | -16.1% |
| Volatility (ann.) | 20.8% | 69.9% |
| Beta vs S&P 500 | 0.19 | 0.39 |
| Max drawdown (3Y) | -16.8% | -58.7% |
| Market cap | $5.3B | $0.1B |
| P/E (trailing) | 79.6 | – |
| Dividend yield | 5.71% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SBRA | SLNG |
|---|---|---|
| 2022 | +0.4% | +25.8% |
| 2023 | +26.3% | -22.0% |
| 2024 | +31.2% | +28.9% |
| 2025 | +17.0% | -15.0% |
| 2026 | +14.2% | +28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBRA and SLNG good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between SBRA and SLNG?
As of 2026-08-27, the correlation of weekly returns between SBRA and SLNG is -0.22 over 3 years, -0.21 over 1 year and -0.15 over 5 years.
Is SLNG a good diversifier for SBRA?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: SBRA correlations · SLNG correlations
