SOC vs USO: Correlation
Measured on weekly returns over the past three years, Sable Offshore Corp. (SOC) and United States Oil Fund (USO) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOC and USO?
Across a 3-year window, the weekly returns of SOC and USO correlate at 0.33, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.50 versus 0.33 over 3 years. Stretching to 5 years gives 0.27, with an annualized covariance of 1329.3 %².
Among the 31 assets we track against SOC, USO ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with USO ahead by 157.7 points (-83.6% versus +74.1%). Risk is not evenly split, since SOC carries 2.6 times the volatility of the other side.
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 USO: side by side
| SOC (Sable Offshore Corp.) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | -83.6% | +74.1% |
| 5-year return | -51.7% | +168.6% |
| Volatility (ann.) | 101.7% | 39.4% |
| Beta vs S&P 500 | 0.03 | -0.20 |
| Max drawdown (3Y) | -90.7% | -32.5% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Commodities |
Year-by-year returns
| Year | SOC | USO |
|---|---|---|
| 2022 | +3.4% | +29.0% |
| 2023 | +13.3% | -4.9% |
| 2024 | +101.1% | +13.4% |
| 2025 | -60.6% | -8.5% |
| 2026 | -48.3% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOC and USO good diversifiers for each other?
Reasonably. At 0.33, SOC and USO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SOC and USO?
As of 2026-08-27, the correlation of weekly returns between SOC and USO is 0.33 over 3 years, 0.50 over 1 year and 0.27 over 5 years.
Is USO a good diversifier for SOC?
Reasonably. At 0.33, SOC and USO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/soc-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SOC correlations · USO correlations
