SOC vs URGN: Correlation
Measured on weekly returns over the past three years, Sable Offshore Corp. (SOC) and UroGen Pharma Ltd. (URGN) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOC and URGN?
On 3 years of weekly data the SOC/URGN correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.43) than the 3-year average (-0.25). The 5-year figure is -0.16, and annualized covariance runs at -2229.4 %².
Within SOC's tracked universe of 31 assets, URGN comes in at #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months URGN outperformed by 216.5 percentage points (-83.6% for SOC against +132.9% for URGN).
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.
SOC vs URGN: side by side
| SOC (Sable Offshore Corp.) | URGN (UroGen Pharma Ltd.) | |
|---|---|---|
| 1-year return | -83.6% | +132.9% |
| 5-year return | -51.7% | +157.5% |
| Volatility (ann.) | 101.7% | 88.1% |
| Beta vs S&P 500 | 0.03 | 1.29 |
| Max drawdown (3Y) | -90.7% | -79.7% |
| Market cap | $0.9B | $2.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SOC | URGN |
|---|---|---|
| 2022 | +3.4% | -6.7% |
| 2023 | +13.3% | +69.1% |
| 2024 | +101.1% | -29.0% |
| 2025 | -60.6% | +119.9% |
| 2026 | -48.3% | +94.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOC and URGN good diversifiers for each other?
Yes. With a correlation of -0.25, SOC and URGN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SOC and URGN?
As of 2026-08-27, the correlation of weekly returns between SOC and URGN is -0.25 over 3 years, -0.43 over 1 year and -0.16 over 5 years.
Is URGN a good diversifier for SOC?
Yes. With a correlation of -0.25, SOC and URGN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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/soc-vs-urgn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/soc-vs-urgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SOC correlations · URGN correlations
