SLB vs TARS: Correlation
Measured on weekly returns over the past three years, Schlumberger (SLB) and Tarsus Pharmaceuticals, Inc. (TARS) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLB and TARS?
Over the past 3 years, SLB and TARS moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.20 lands near the 3-year figure. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -341.5 %².
Out of 35 assets tracked against SLB, TARS lands near the bottom at #31. Their recent paths diverged sharply: over the last 12 months SLB outperformed by 32.7 percentage points (+57.1% for SLB against +24.4% for TARS). Note the risk asymmetry: TARS runs 1.5 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.
SLB vs TARS: side by side
| SLB (Schlumberger) | TARS (Tarsus Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +57.1% | +24.4% |
| 5-year return | +117.1% | +171.4% |
| Volatility (ann.) | 35.1% | 53.2% |
| Beta vs S&P 500 | 0.57 | 0.51 |
| Max drawdown (3Y) | -46.6% | -45.1% |
| Market cap | $81.6B | $3.2B |
| P/E (trailing) | 26.2 | – |
| Dividend yield | 2.16% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | SLB | TARS |
|---|---|---|
| 2022 | +81.2% | -34.8% |
| 2023 | -0.8% | +38.1% |
| 2024 | -24.5% | +173.4% |
| 2025 | +3.3% | +47.9% |
| 2026 | +44.9% | -12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLB and TARS good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SLB and TARS?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.20 over the last year and -0.14 over 5 years.
Is TARS a good diversifier for SLB?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/slb-vs-tars.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/slb-vs-tars/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SLB correlations · TARS correlations
