SOC vs ZD: Correlation
Sable Offshore Corp. (SOC) and Ziff Davis, Inc. (ZD) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOC and ZD?
On 3 years of weekly data the SOC/ZD correlation comes out at 0.31, moderate. The past 12 months show a tighter link (0.45) than the 3-year average (0.31). The 5-year figure is 0.27, and annualized covariance runs at 1625.7 %².
Within SOC's tracked universe of 31 assets, ZD comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ZD ahead by 131.3 points (-83.6% versus +47.7%). One caveat on sizing: SOC is 1.9 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.
SOC vs ZD: side by side
| SOC (Sable Offshore Corp.) | ZD (Ziff Davis, Inc.) | |
|---|---|---|
| 1-year return | -83.6% | +47.7% |
| 5-year return | -51.7% | -53.5% |
| Volatility (ann.) | 101.7% | 52.4% |
| Beta vs S&P 500 | 0.03 | 1.08 |
| Max drawdown (3Y) | -90.7% | -62.6% |
| Market cap | $0.9B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SOC | ZD |
|---|---|---|
| 2022 | +3.4% | -28.6% |
| 2023 | +13.3% | -15.1% |
| 2024 | +101.1% | -19.1% |
| 2025 | -60.6% | -35.3% |
| 2026 | -48.3% | +58.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOC and ZD good diversifiers for each other?
Reasonably. At 0.31, SOC and ZD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SOC and ZD?
The SOC/ZD correlation stands at 0.31 on a 3-year window (1 year: 0.45, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is ZD a good diversifier for SOC?
Reasonably. At 0.31, SOC and ZD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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/soc-vs-zd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/soc-vs-zd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SOC correlations · ZD correlations
