SES vs SLGL: Correlation
How closely do SES AI Corporation (SES) and Sol-Gel Technologies Ltd. (SLGL) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SES and SLGL?
Across a 3-year window, the weekly returns of SES and SLGL correlate at 0.71, strong. Lately the two have drifted apart, with the 1-year correlation at 0.23 versus 0.71 over 3 years. Stretching to 5 years gives 0.68, with an annualized covariance of 27363.2 %².
Among the 35 assets we track against SES, SLGL ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SLGL outperformed by 281.6 percentage points (-51.0% for SES against +230.6% for SLGL). One caveat on sizing: SES is 2.3 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.
SES vs SLGL: side by side
| SES (SES AI Corporation) | SLGL (Sol-Gel Technologies Ltd.) | |
|---|---|---|
| 1-year return | -51.0% | +230.6% |
| 5-year return | -94.5% | -25.1% |
| Volatility (ann.) | 294.5% | 130.8% |
| Beta vs S&P 500 | 2.43 | 1.42 |
| Max drawdown (3Y) | -89.7% | -86.8% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SES | SLGL |
|---|---|---|
| 2022 | -68.3% | -38.4% |
| 2023 | -41.9% | -75.8% |
| 2024 | +19.7% | -15.8% |
| 2025 | -17.8% | +353.1% |
| 2026 | -69.5% | +72.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SES and SLGL good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SES and SLGL?
The SES/SLGL correlation stands at 0.71 on a 3-year window (1 year: 0.23, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is SLGL a good diversifier for SES?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 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/ses-vs-slgl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ses-vs-slgl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SES correlations · SLGL correlations
